The cryptocurrency market is a high-octane playground for day Lambo dreamers and investors. It has made some super-rich, almost overnight and reduced others to the brink of bankruptcy. And of course, amid all these chaotic happenings is a rambunctious side of the industry, where questionable practices make the market tremendously murky. The cryptocurrency market has led to the fast rise of one too many companies. Two-year-old exchanges are now trading billions of dollars worth of cryptocurrencies every day, something which many traditional financial institutions have struggled to achieve for over…
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Knowing When to Exit a Winning Trade
You’re in a big winning crypto trade. Your open profits continue to increase every day. Congratulations! But do you know exactly why and when to exit winning trades, before the smart money help themselves to some, or even all, of your hard-won gains? This article will demonstrate several prime, low-risk profit-taking setups that can help you predetermine your trade exits before it becomes obvious to the herd. By exiting ahead of the crowd, you’ll be able to retain far more of your open gains. You’ll also experience less stress and spend less time in the…
Read MoreBahamas’ Currency Turns To Crypto To Benefit Its Citizens And Stimulate The Economy
Bahamas’ currency intends to expand into digital money. The Commonwealth of the Bahamas established the Bahamian dollar (BSD) as legal tender in 1966, replacing the British Pound Sterling (GPB). The Bahamian dollar pegs to the U.S. dollar (USD) on a one-to-one basis. The Central Bank of the Bahamas started providing Bahamas currency as the official supplier in 1974. Bahamas Announces A Central Bank Digital Currency (CBDC) On Friday, June 22 at the Bahamas Blockchain and Cryptocurrency Conference, Deputy Prime Minister K. Peter Turnquest announced the Central Bank of the Bahamas intends…
Read MoreHow to Earn Passive Income with Cryptocurrencies
Believe it or not, once upon a time investors made decisions past faux white papers and moon/lambo memes. I’m a large proponent of adopting cryptocurrency and blockchain projects for their actual usage – rarely for speculation or hodling. In general, rampant speculation drowns out meaningful education. However, with the diverse amount of projects released, it was only a matter of time before projects sprung up that reached back to the “fin” part of their fintech roots. All three major types of cryptocurrencies – transactional, platform and utility – are seeing…
Read MoreThe 7 Biggest Bitcoin Mistakes of All Time
It was once said, a dumb person doesn’t learn from their mistakes, a smart person learns from their mistakes, and a genius learns from other people’s mistakes. This age-old saying rings ever true in the crypto market. Nobody’s perfect, and your Bitcoin mistakes can end up costing you big time. There are no refunds or take-backs on the BTC blockchain. Everyone makes mistakes. In terms of cryptocurrency, they can range greatly in their repercussions. In many instances, a Bitcoin mistake is small enough to recover from, but that’s not always the case….
Read MoreJohn McAfee thinks it’s time for Jamie Dimon to surrender.
In the face of ever-increasing adoption, expanded mining activity and a new period of rising prices, McAfee clearly believes that Dimon’s efforts to kill off Bitcoin and the cryptocurrency movement have failed. After clashing with him on national news back in September when he called Bitcoin a fraud, his opinion of Dimon does not seem to have improved. McAfee took to Twitter with strong words for the JP Morgan Chase CEO: To Jamie Dimon: As the brains of the Banking/Government plot to end crypto, you lied. You took our credit…
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