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4 Advantages Of Automated Crypto Trading Bot

Automated trading has become a worldwide phenomena that is drawing more and more people. So, what precisely is it? What’s the big deal about it, and why is it garnering so much attention? Trading software, bots, or other automated tools are used to conduct trades and execute transactions with automated trading.

When conducting trades, each bot is programmed with a unique set of tactics and technical indicators. The volatility of bitcoin markets is the primary reason for employing trading software. The worldwide cryptocurrency market is open 24 hours a day, seven days a week, and trends shift in a matter of seconds.

Traders that use automated trading can react to market changes even when they are away from their trading platforms. Other significant advantages of employing automated trading software are covered further down.

Reduces Human Error

All of the bots’ methods and tools are based on extensive research and study of the digital currency market and trading habits. Human input is low in the automated system, which drastically decreases the likelihood of human error. They can reduce human error by delegating trade execution to computer systems.

Minimizes Emotional Trading Decisions

Trade orders are automatically processed in automated trading when certain specified requirements are met. This eliminates the possibility of traders second-guessing their decisions. These bots assist traders to stick to their tactics and plans by keeping emotions in check, allowing them to cease hesitating or second-guessing their judgments.

Diversify Trading

Trading with automated bots helps a trader to diversify their portfolio by trading many accounts or methods at the same time. Without error or failure, the trading bot can search trading possibilities across a number of marketplaces, generate orders, and monitor trades swiftly. This is impossible for a human to achieve.

Increase the speed with which orders are entered & processed

The automated trading systems do not grow fatigued because they work 24 hours a day, seven days a week. As a result, they can react quickly to shifting market conditions. They produce trade orders, including protective stop losses and profit goals, as soon as the trading rules or conditions are met.

Conclusion

However, it is vital to note that no approach or technique in trading is failsafe. However, with various strategies and well-configured trading tools, huge gains can be achieved. There are several marketplaces that provide automated bot trading, but RoboFi may be the best DAO for crypto trading bot. Check out the link below for additional information!RoboFi

RoboFi is a Defi platform that offers a marketplace for revolutionary Dao crypto trading bots with IBO (Initial Bots Offering) to maximize earning opportunities in easy, simple, and secure way. 

RoboFi Website: RoboFihttps://robofi.io/

RoboFi Medium Channels:https://medium.com/robofi-vics

RoboFi Telegram Community:https://t.me/RoboFi_VICS

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The Fundamentals of DAO

Although the concept of decentralized autonomous organizations (DAOs) may appear complex, the concept is actually rather simple.

What Is a DAO? A decentralized autonomous organization, or DAO, is an open-source blockchain system for automating activities in traditional organizations.

History of DAO The DAO, which operated as a venture capital fund before its death, was the world's first encounter with the decentralized autonomous organization idea. It was administered entirely by open-source code and without a traditional management structure or board of directors, unlike other venture capital firms.

The objective of a system like The DAO is to limit the amount of mistakes and financial manipulations that may occur in a typical organization operated by people.

The DAO was created to allow anybody in the world to invest in projects from anywhere in the world without fear of their assets being mismanaged. Additionally, token owners would be able to vote on projects through The DAO.

DAO Components The rules and transaction records for a DAO's functioning are stored in the blockchain. DAO governance tokens may be transferred publicly and readily audited via the blockchain, ensuring that the DAO's operations are made in the best interests of DAO members.

Smart contracts on the blockchain are self-executing lines of code that contain agreements between participants to a transaction. Smart contracts are commonly used by developers to establish the rules that govern how DAOs work, from transactions to agreements between DAO members.

How to Use a DAO To utilize a DAO, you must either build one or join one already existing. You'll need a cryptocurrency wallet and a network of peers to work on the DAO's purpose in order to construct a DAO you can utilize.

Following the establishment of the DAO's rules, the group of peers may encode the procedures into a smart contract financed by the cryptocurrency wallet.  This can be done using DAO-creation platforms such as RoboFi.

Conclusion

DAOs are changing the way centralized corporations and organizations operate. As more scalable blockchain software is produced and more governments across the world adopt legal frameworks to safeguard the interests of DAOs and its members, DAOs' impact might rise considerably.

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What Is A Blockchain?

Consider cryptocurrency to be a subset of blockchain technology, as it is one of many applications made available by the technology.

A block is an individual record, and the chain is all the recordings that make up the complete ledger. Blockchain is a system that employs a collection of records shared by a group of computers; a block is an individual record, and the chain is all the recordings that make up the entire ledger.

As transactions take place, the network is made up of computers that validate those blocks and the accompanying chain.

These transactions may be used to monitor “money” in the form of cryptocurrency, or they might be used to monitor a vegetable from farm to table (which can, among other things, make pinpointing the source of a listeria outbreak in our food supply easier than ever).

The aim of a blockchain are to maintain data integrity in a decentralized way, rather than relying on a single enormous database managed by a single central authority.

Built-in privacy controls and data integrity protection are two aspects of blockchain that are particularly suited to logistics applications.

About SNAPBOTS SnapBots (www.snapbots.io) is artificial intelligence (AI) crypto trading bots provider in BVI with global users. Driven by its focus on fields of machine learning and deep learning, it aims to supply trading bots as a service. Based on big data technology, SnapBots generate AI chart pattern trading signals.

About SNAP SNAP is short for SnapBots Token based on Ethereum and that is used in SnapBots blockchain-based AI bots’ economy.

For more information, please visit: SnapBots- https://snapbots.io Join our community- t.me/SnapB

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3 Methods of Cryptocurrency Analysis for Trading

The crypto markets are similar to traditional stock markets in many ways. Although the underlying asset is distinct, the analysis that goes into tracking the asset's value is relatively similar. You may expect great outcomes if you follow these similar concepts.

The good news is that as time goes on, there will be a larger and larger data set to examine. With additional data, more complex trading algorithms and predictive signals may be developed to help mitigate some of the volatility.

Three Techniques for Analyzing Crypto

Investing in cryptocurrency is still considered as a high-risk, high-reward proposition. Despite the fact that every crypto has the potential to crash, practically all financial professionals agree that crypto is the way of the future. It's not a question of whether cryptocurrencies will be a mainstream asset in five, ten, or fifteen years; it's a question of which coins will lead the charge.

Consider the crypto markets as stock exchanges and employ specific methods of analysis when analyzing crypto, whether it's Bitcoin, Ethereum, Litecoin, or some other smaller cryptocurrencies.

1# Technical Analysis

You use bitcoin technical analysis to look at statistical patterns and past volume and activity – including price movements and swings – in order to make educated forecasts about where the price will go in the short and long term.

While you'll need to figure out which technical trading tools are right for you, Fibonacci retracement trading is definitely worth a look.

This way of evaluating price changes can be useful for cryptocurrency, but you must respond swiftly. Because of the high amount of volatility, support and resistance levels might experience significant ups and downs.

2# Fundamental Analysis

Fundamental analysis isn't so much about looking at where prices are going as it is about looking at where they are going. Instead, you're attempting to figure out what's driving the valuation. What are the underlying financials, in other words? You may use this analysis to see if the coin is now underpriced or overvalued based on the data.

3# Sentiment Analysis

Sentiment analysis is the third strategy. While emotional analysis should be used with caution when trading in stocks, it may be quite effective in cryptocurrency exchanges.

With sentiment analysis, you can see what key actors think and feel without looking at the data. Journalists, influencers, investors, hedge fund managers, and economists are all possible candidates. The argument is that data isn't necessarily representative of what's going on. If you discover a high level of confidence, it might indicate that significant growth or decrease is on the way, and that the market hasn't yet responded.

Conclusion

You can't expect a cryptocurrency exchange to function in the same way as a stock exchange. Volatility is considerably higher, and while the potential appears to be bigger, the downside is quite sharp. Having stated that, you may improve your chances of success by using technical analysis, fundamental analysis, and emotive analysis in your activity.

About SNAPBOTS SnapBots (www.snapbots.io) is artificial intelligence (AI) crypto trading bots provider in BVI with global users. Driven by its focus on fields of machine learning and deep learning, it aims to supply trading bots as a service. Based on big data technology, SnapBots generate AI chart pattern trading signals.

About SNAP SNAP is short for SnapBots Token based on Ethereum and that is used in SnapBots blockchain-based AI bots’ economy.

For more information, please visit: SnapBots- https://snapbots.io Join our community- t.me/SnapB

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4 Things to Consider Before Investing in Cryptocurrency

As far-fetched as it may appear at the moment, Bitcoin appears to be on its approach to becoming a generally recognized form of payment.

Meanwhile, digital currencies are still being used as an asset class that may generate massive profits (or losses). Investors and dealers are loading their rifles and preparing to fire at the first opportunity.

However, there are several aspects of cryptocurrencies about which an investor should be aware in order to avoid unpleasant shocks.

Before you invest in cryptocurrency, there are 4 things you should know

1# Bitcoin isn't the only cryptocurrency on the market

This is the most widespread misconception among those who are just learning about cryptocurrencies. Bitcoin is the most successful cryptocurrency, with a massive market capitalization, but there are other attractive places to invest.

Ethereum, Ripple, and Chainlink, among others, are some of the most prominent altcoins (alternative cryptocurrencies) today.

2# Investors can earn even if they do not invest

While most investors think of investing in the classic sense, that is, buying low and selling high, there is another way to earn from this asset class.

Cryptocurrency CFDs (Contracts for Difference) allows crypto investors to profit from speculation without having to put up a large sum of money.

In essence, an investor will “bet” on whether the price of a cryptocurrency will climb or decline. Your broker is on the opposite side of this agreement.

3# In this case, history may not repeat itself

The graph depicts the famed 2017 crypto boom and how the entire narrative evolved over a two-quarter period (Q4, 2017, and Q1, 2018). The brief uptick peaked at the end of December 2017, following which prices began to fall and had dropped by more than half by the end of March 2018.

Cryptocurrency investors must have strong skin. Cryptocurrency prices will almost surely plummet in a scary manner. Prudent investors will address these declines sensibly, rather than allowing their emotions to control them.

4# Ensure that security preparations are in order

This is the last stage before investors embark on their exciting crypto investing adventure.

Investors should avoid exchanges that provide low-cost trading services or are situated in countries with inadequate investor protection. To establish authenticity, they should do a background check on the company that owns the exchange.

Ideally, investors should strike a balance between the use of these wallets. Investors might, for example, keep the majority of their cryptocurrency in a cold wallet and the rest in a hot wallet where they can instantly access it anytime they need it for a transaction.

Conclusion

Although blockchain is still in its infancy, it is evolving at a breakneck pace. While the fundamental goal of a cryptocurrency is to provide anonymity, confidentiality, and a secure worldwide financial network, it also provides a profitable investment opportunity.

By investing all of their money in crypto, investors must guarantee that they are not jeopardizing their family's well-being or jeopardizing their future. Investments should be made only to the degree that an investor's risk appetite allows.

About SNAPBOTS SnapBots (www.snapbots.io) is an artificial intelligence (AI) research firm based in BVI with global users. Driven by its focus on fields of machine learning and deep learning, it aims to supply trading bots as a service.

For more information, please visit: SnapBots- https://snapbots.io Join our community- https://t.me/SnapB

However, crypto asset investing, trading, staking can be considered a high-risk activity. Please use your extreme judgement when making the decision to invest in, sell, or to stake Crypto Assets.

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Charts of Cryptocurrency Technical Analysis

It is critical to understand technical analysis if you want to become a successful Cryptocurrency trader. For example, you must be familiar with the popular chart patterns that appear regularly on cryptocurrency charts.

Chart patterns are distinct candlestick formations made up of a variety of candlesticks that make prominent figures in the chart. These candlestick patterns aid in predicting the possibility of a specific market behavior in the near future.

Chart Patterns Can Be Divided Into Three Groups

Bullish patterns signal that an uptrend is likely to continue. Bearish patterns indicate that the price will most likely continue to fall. The reversal patterns are the third group: Those few well-known chart patterns frequently indicate that the prevailing trend is coming to an end, and a price breakout in the opposite direction can be expected.

In all time periods, the well-known chart patterns may be found. As a result, the patterns listed below may be found in both one-minute and daily charts.

Despite the fact that those patterns are no assurance of a certain market behavior, the possibility of the projected market move is much higher than the opposite behavior.

Essentially, chart analysis may be used to lay out your trading strategy ahead of time. That is, you should have a strategy in place ahead of time, based on the research, of where to place your orders based on what you predict the market to do in the near future.

The indicators let you plan ahead of time where you should set your target, such as setting profitable sell orders at levels that are most likely to be hit.

Of course, no price movement can be guaranteed, but experienced traders work with probabilities – and being correct in more than half of the time is enough to make money.

The Three Types of Chart Patterns

Bullish Patterns (price going up) - Flag - Pennant - Measured move up - Symmetrical triangle - Ascending scallop - 3 rising valleys - Cup with Handle - Ascending triangle

Bearish Patterns (price going down) - Symmetric triangle - 3 descending peaks - Descending scallop - Descending triangle - Flag - Invertede Cup with handle - Measured move down - Pennant

Reversal Patterns - Head and shoulders top - Tops rectangle - Double bottoms - Diamond bottoms

Conclusion So, when you're looking at crypto charts or any other tradable asset's graphs, you should be able to see those patterns right away. Take a minute to discover how they appear, and you'll quickly get accustomed with them – especially after you start recognizing them in real-time price fluctuations.

About SNAPBOTS SnapBots (www.snapbots.io) is an artificial intelligence (AI) research firm based in BVI with global users. Driven by its focus on fields of machine learning and deep learning, it aims to supply trading bots as a service.

For more information, please visit: SnapBots- https://snapbots.io Join our community- https://t.me/SnapB

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However, crypto asset investing, trading, staking can be considered a high-risk activity. Please use your extreme judgement when making the decision to invest in, sell, or to stake Crypto Assets.

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6 Things You Should Know About HODL

One of two crypto investing techniques is the HODL or long-term approach. Hodling, as opposed to trading (a short-term approach), is a low-stress manner of investing that appears to be rather appealing: no tension, no constant checking of crypto market rates, and no technical analysis.

Basically, investors just purchase cryptocurrency, wait, and reap the gains. Still, there are a few essential details you should look at before getting started with HODL (or trading).

What's the meaning of “HODL”? HODL is a misspelling of the word "hold." After appearing in a post on the Bitcointalk Forum in December 2013, it became a crypto meme. In the context of bitcoin and other cryptocurrencies, it is becoming a widespread word for a buy-and-hold investing strategy.

How To HODL Cryptocurrency? Hodling is defined as investing in one-time or regular amounts of bitcoin or altcoin and then keeping the assets for a lengthy time (1 year and more). Investors establish objectives and decide on the length of time they want to invest or the amount they want to accumulate.

What Is The Purpose Of HODLing? Okay, so why do people hodl? Even when it appears that trading — enjoying the rewards in the short term — is more profitable? We can come up with a long list of reasons.

Overall, individuals pick this technique because hodling requires little work and they are certain that the price of the cryptocurrency will increase in real-value over time.

When it comes to profit, where does it come from? The long-term investing plan is predicated on forecasts that Bitcoin would “go to the moon.” As a result, investors purchase cryptocurrency at one price, store it as it appreciates in value over time, and then convert it at a higher rate.

Why Is The Interest Rate Increasing? The expanding public interest in cryptocurrencies is the primary cause for their increasing value. The crypto market is attracting a growing number of individual and institutional participants. In addition, the expanding number of ICOs expands the pool of potential investors. As a result, these components are forming a good trend.

What Should Be in a HODL Portfolio? Obviously, not every currency or token is worth buying, as many of them are now devoid of activity, making it difficult to forecast a price increase in the future. Even experts, however, aren't clear about the market behavior of specific cryptocurrencies, even ones that are considered successes.

Investing, like hodling, has a high level of risk, thus investors protect their investments by diversifying their portfolios. It implies people invest in a variety of cryptocurrencies rather than just one. Some will climb, while others will decline, but they will all enhance your chances of profit.

Investing, and even hodling, is strongly connected with risk, so investors ensure their assets by diversifying the portfolio. It means that they invest in several cryptocurrencies but not in the one. Some will rise, some will fall, but they increase the chances of getting profit.

Conclusion

HODL is more than simply a long-term investing plan, as you can see. For many crypto investors, it has evolved into a philosophy and a way of life. We hope that this post has given you a better understanding of whether or not you are a hodler.

About SNAPBOTS

SnapBots (www.snapbots.io) is an artificial intelligence (AI) research firm based in BVI with global users. Driven by its focus on fields of machine learning and deep learning, it aims to supply trading bots as a service.

For more information, please visit: SnapBots- https://snapbots.io Join our community- https://t.me/SnapB

However, crypto asset investing, trading, staking can be considered a high-risk activity. Please use your extreme judgement when making the decision to invest in, sell, or to stake Crypto Assets.

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In a Bear Market, There Are 4 Ways to Survive & Prosper

Bear markets are unavoidable. However, it's difficult to predict them, how long they'll last, or how much they'll affect cryptocurrency prices. Bear markets are a regular part of market cycles, so you can not only withstand them, but also position yourself to profit from them.

The strategies mentioned below will help you reduce your portfolio losses or even profit from the bear market.

What Is a Bear Market and How Does It Work? A bear market occurs when the prices of shares fall rapidly, and a widespread pessimistic outlook causes the sentiment to deepen.

So, what can we do to mitigate our losses and maybe even benefit in a bear market? Here are four ways to get through the next bear market:

# The Crypto Crash One takeaway from the 2018 bear market is that if you buy cryptocurrencies at regular intervals during a crypto crash, you will profit when the market eventually recovers.

# Buying Short- & Long-Term Puts If you believe a bear market is forming and you have significant long positions in the market, buying cheap short and long-term puts on the major indices is another effective strategy. Keep in mind that trading futures often require margin, which can necessitate special access privileges for your exchange account.

# Selling Naked Puts In order to sell a naked put, you must sell the puts that others want to purchase in return for cash premiums. There should be no shortage of willing investors in a bear market.

When selling a put, the aim is for the put to expire worthless at or above the strike price. If it does, you benefit because you hold the entire premium, and the transaction is complete. However, if the price of the cryptocurrency falls below the strike price and the put holder exercises the option, you will be forced to take delivery of the cryptocurrency at a loss.

# Identifying Assets That Appreciate in Value It's useful to look back at previous bear markets to see which cryptocurrency, sectors, or assets eventually rose in value (or at least held their own when all around them the market was tanking).

Conclusion

As you can see, we don't have to be afraid of a bear market; instead, by using certain alternate strategies, we can do very well as periods when many others are experiencing significant declines in their portfolios.

About SNAPBOTS SnapBots (www.snapbots.io) is an artificial intelligence (AI) research firm based in BVI with global users. Driven by its focus on fields of machine learning and deep learning, it aims to supply trading bots as a service.

For more information, please visit: SnapBots- https://snapbots.io Join our community- https://t.me/SnapB

However, crypto asset investing, trading, staking can be considered a high-risk activity. Please use your extreme judgement when making the decision to invest in, sell, or to stake Crypto Assets.

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SnapBots Chartpattern: Top 5 Patterns in Cryptocurrency Trading

Crypto trading trends are common changes in how a cryptocurrency's price appears to trend. On a trading chart, these trends can be seen and should be the foundation of every cryptocurrency trading strategy.

This article will go over, the top five trends that you should be conscious of.

1) Head and Shoulders

The head and shoulders chart pattern is characterized by three peaks: one large peak in the center and two smaller peaks on each side. The pattern denotes a market reversal and can thus be used to predict when a bullish trend is coming to an end.

2) Cup and Handle

On a trading chart, look for a bowl shape accompanied by a smaller one that resembles a handle to identify a cup and handle pattern.

The cup and handle pattern is a bullish signal that is typically used by traders to decide whether or not to buy a cryptocurrency. This is because the pattern suggests that a bearish to bullish trend is reversing, hence the cup.

3) Flag

The flag is another crypto trading trend to keep an eye out for. This is a bullish pattern that can be identified on a map by a rectangular shape pointing downwards with the rightmost border missing, as well as a flagpole.

4) Higher Highs, Lower Lows

The pattern of Higher Highs and Lower Lows is especially useful for determining whether a cryptocurrency is in an uptrend or a downtrend.

An uptrend is described as a cryptocurrency that is consistently hitting higher and higher price targets. If, on the other hand, a cryptocurrency repeatedly hits lower and lower price targets, it could be in a downtrend

5) Wedge On a chart, look for two parallel lines that are converging over time to form a wedge pattern.

When looking for a price reversal, a wedge is commonly used. If the price of a cryptocurrency is trending upwards in a wedge, for example, the price can reverse into a downtrend.

Conclusion

To summarize, every investor or trader's toolkit should include the ability to recognize simple crypto trading trends. Traders may use patterns to decide whether a market is in an uptrend or downtrend, as well as when a price reversal is likely to occur.

About SNAPBOTS

SnapBots(www.snapbots.io) is an artificial intelligence (AI) research firm based in BVI with global users. Driven by its focus on fields of machine learning and deep learning, it aims to supply trading bots as a service.

For more information, please visit: SnapBots- https://snapbots.io Join our community- https://t.me/SnapB *** However, crypto asset investing, trading, staking can be considered a high-risk activity. Please use your extreme judgement when making the decision to invest in, sell, or to stake Crypto Assets.

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All You Need to Know About Staking

In the crypto ecosystem, staking involves taking part in a validation process. The mechanism ensures that users who achieve a certain level of approval are eligible for a staking incentive. Crypto users buy and keep crypto in this sense with the intention of locking it up and being rewarded.

Cryptocurrency is a high-risk investment due to its volatility. As a result, staking is a great alternative to traditional BTC investments.

Staking, unlike other crypto investments that require constant operation to produce revenue, does not depend on users voting to approve transactions. This is because most staking platform transactions are accepted automatically. Staking law, on the other hand, differs from one platform to the next.

In general, while crypto mining necessitates a significant investment of both capital and time, staking allows you to gain passive income while remaining active on the network. So, what exactly is crypto staking? We bring it into context.

What exactly is crypto staking? Staking is a form of cryptocurrency where the user is rewarded with stakes for approving valid transactions.

In the other hand, users are likely to lose a portion of their stakes if they unanimously vote to support illegal transactions.

Proof of stake A condition where a crypto network reaches distributed consensus is known as proof of stake. This is accomplished by choosing an individual who effectively creates a block network.

The selection criteria in this case are based on wealth, chance, or age. In general, POS refers to the stages that crypto networks go through in order to reach a consensus.

Delegated proof of stake This is a scenario in which a blockchain network uses a variety of parameters to decide which users validate a block successfully. The method is used to figure out what kind of data should be applied to the chain.

POS is unique in that it employs modern technologies to ensure clarity in the selection process. This helps to keep intruders out of the blockchain network.

Staking Rewards On a blockchain network, these are deals made to users. Individuals may choose to work in a community or on their own. Individuals in a pool system combine all of their coins to validate a block.

Should the value of your kept coins increase, you will be entitled to further rewards in the form of tokens. To gain more, you can choose to leave your holdings idle for an extended period of time in order to produce more revenue in the form of incentives.

Conclusion

If you're aware of the risks associated with trading Bitcoin and other cryptocurrencies, it's time to give staking a try. Staking, in addition to collecting additional income, aids in the creation of a long-term revenue stream.

You may also try staking on a staking platform, which offers good rewards. SnapBots is where I put my crypto asset, and you can learn more about them here.

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However, crypto asset investing, trading, staking can be considered a high-risk activity. Please use your extreme judgement when making the decision to invest in, sell, or to stake Crypto Assets.

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6 Reasons Why Bitcoins Are So Valuable

Bitcoin is a decentralized network with a transparent set of rules that allows for efficient money transfers over the internet, making it a viable alternative to central bank-controlled fiat money.

However, it is necessary to take a step back first. Bitcoin and other digital currencies have been promoted as fiat money substitutes. But what determines the worth of any currency?

Why Are Currencies Valuable?

Currency is available if it serves as a store of value, or if it can be relied on to keep its relative value over time and without depreciating. Commodities or precious metals were used as payment in many cultures throughout history since they were thought to have a reasonably secure value.

Rather than requiring individuals to cart around large amounts of cocoa beans, gold, or other early types of money, communities gradually shifted to minted currency. Many examples of minted currency were still available because they were durable stores of value, made of metals with long shelf lives and little chance of depreciation.

In today's world, minted currencies are often in the form of paper currency, which lacks the inherent value of coins made of precious metals. Individuals, on the other hand, are more likely to use electronic currencies and payment methods.

Some currencies are "representative," indicating that each coin or note may be directly exchanged for a certain quantity of a product.

Scarcity, Divisibility, Utility, and Transferability

A good currency must meet criteria related to scarcity, divisibility, utility, transportability, durability, and counterfeitability, in addition to the question of whether it is a store of value. Let's take a look at each of these characteristics one by one.

1. Scarcity The availability of a currency is crucial to maintaining its value. A larger money supply could lead to a spike in the price of goods, resulting in economic collapse. An insufficient money supply may also trigger economic problems. Monetarism is a macroeconomic principle that focuses on the role of money supply in an economy's health and development (or lack thereof).

Most governments around the world continue to print money as a way of managing scarcity in the case of fiat currencies. Many governments use a predetermined level of inflation to keep the value of their fiat currency down. This rate has traditionally been about 2% in the United States. This is in contrast to bitcoin, which has a variable issuance rate that fluctuates over time.

2. Divisibility Currency that is effective is divisible into smaller incremental units. A single currency system must have the versatility associated with divisibility in order to act as a means of trade for all forms of products and values within an economy. The currency must be sufficiently divisible to accurately represent the value of all goods and services available throughout the economy.

3. Utility In order to be efficient, a currency must have utility. Individuals must be able to exchange currency units for goods and services with confidence. This is one of the main reasons why currencies were created in the first place: to allow market participants to stop bartering directly for products.

Utility also necessitates the ease with which currencies can be transferred from one place to another. This stipulation is difficult to fulfill with heavy precious metals and commodities.

4. Transportability To be useful, currencies must be easily transferable between participants in an economy. In terms of fiat currency, this means that units of currency must be transferable both within a country's economy and across borders through exchange.

5. Durability A currency must be at least relatively durable in order to be reliable. Coins or notes made of easily mutilated, damaged, or ruined products, or that degrade to the point of becoming unusable over time, is insufficient.

6. Counterfeitability In order to remain competitive, a currency must be both durable and difficult to counterfeit. Otherwise, malicious parties could easily disrupt the currency system by flooding it with counterfeit bills, lowering the value of the currency.

Conclusion

Different governments have very different perspectives on Bitcoin, and the implications for Bitcoin's acceptance as a global currency are important. As opposed to fiat currencies, Bitcoin performs admirably in all of the aforementioned categories. So, what are the issues that Bitcoin faces as a currency? Leave your thought below! *** About SNAPBOTS

SnapBots (www.snapbots.io) is an artificial intelligence (AI) research firm based in BVI with global users. Driven by its focus on fields of machine learning and deep learning, it aims to supply trading bots as a service.

For more information, please visit: SnapBots- https://snapbots.io Join our community- https://t.me/SnapB

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What are NFTs and where do I get them?

Non-fungible tokens differ from other cryptocurrency investments in that they are not fungible. Unlike other cryptocurrencies, the value of these tokens is not derived from their usefulness. Instead, NFTs are valuable because of the media they contain – currently, the most popular types of media on NFTs are art and music, but NFTs also have the potential to store data.

What is a non-fungible token (NFT)?

NFTs are usually Ethereum-based tokens that are used to verify ownership of the asset to which the token is linked. Artists can release their work digitally without worrying about counterfeits thanks to non-fungible tokens. You might copy the file from another person's NFT, but it wouldn't be an original.

Despite the fact that NFTs are costly, you are getting more than just a JPEG file. You can sell your NFTs on marketplaces like Opensea and Nifty Gateway, and the token gives you ownership rights to the piece you get.

To say that NFTs are nothing more than JPEG files is akin to saying that conventional art is nothing more than paint on canvas. The worth of NFTs, like traditional artwork, is determined by the artist who made it.

Step 1: Create an account on the NFT Marketplace There are numerous online marketplaces where you can buy and sell NFTs. You'll be able to buy various types of art or collectibles depending on the marketplace you want. Many of these platforms have secondary marketplaces with a variety of NFTs, but each platform has its own set of rules.

The following are some of the most well-known NFT marketplaces: - OpenSea - Rarible - Mintable

Step 2: Make a deposit into your account Many marketplaces for these collectibles recognize Eth tokens as payment since most NFTs are Ethereum-based tokens. If you already have a cryptocurrency exchange account, you can use it to buy Ethereum and then send your cryptocurrency to your marketplace account.

You can send a crypto asset directly if you already have it in a wallet such SnapBots Wallet.

Step 3: Purchase your NFT After you've funded your account, purchasing an NFT is a simple operation. Since most marketplaces operate on an auction basis, you'll need to put a bid for the NFT you want to buy. For NFTs with many prints, some marketplaces work more like an auction, using the highest bid and lowest ask.

The future resale value of an NFT purchased from the primary marketplace is one of the advantages of doing so. Some high-demand NFTs will sell for 5 to 10 times their initial prices soon after they are published.

The disadvantage of purchasing NFTs in the secondary market is that it is difficult to predict demand. You can equate your purchase to previous purchases on the secondary market.

Do you believe NFTs are a wise investment? Do you want to create or sell NFTs? Leave your answer in the comments below! *** About SNAPBOTS

SnapBots(www.snapbots.io) is an artificial intelligence (AI) research firm based in BVI with global users. Driven by its focus on fields of machine learning and deep learning, it aims to supply trading bots as a service.

For more information, please visit: SnapBots- https://snapbots.io Join our community- https://t.me/SnapB

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6 Cryptocurrency Trading Tips You Probably Didn't Know About

First and foremost, you must realize that profitable trading necessitates a high level of focus; it is not and never should be a gamble.

In addition to the ten tips below, pay careful attention to the market forces of demand and supply to determine whether this or that tip applies.

Every tip in this guide must be internalized and the logic behind it must be understood.

#Have a reason for entering in each trade If you're a day trader or a scalper, you're sometimes better off not making any money on a deal than rushing into losses. Based on my years of market research, I can honestly state that you can only remain profitable by avoiding certain trades. But all you'll need is patience.

#Set profit targets and use stop losses If we're making a bitcoin profit or not, any trade we enter needs us to know when to exit. Setting a simple stop loss level will help you cut your losses, which is an ability that most traders lack.

Choosing a stop loss isn't something you can do at random, and maybe the most important thing to remember is that you shouldn't let your emotions get the best of you – a good place to set your stop loss is at the expense of your coin.

The same goes with profit targets: if you want to exit the market after making a certain minimum profit, stick to it. Don't be greedy; this color never looks good on anyone!

#Beware of FOMO The acronym FOMO stands for "fear of missing out." One of the most well-known reasons so many traders struggle is because of this.

Be careful of the moment when the green candles begin to yell at you, urging you to enter. The whales I described earlier will be smiling and watching you buy the coins they bought at extremely low prices at this stage.

#Manage Your Risks Wise traders don't chase for big profits; they don't do that. Consider saving a smaller portion of your portfolio in a less liquid environment. Such high trades necessitate a higher degree of tolerance, and the stop loss and benefit goal points will be set further away from the purchase price.

#Volatile market conditions are caused by underlying assets Many altcoin prices are determined by the current market price of Bitcoin. It is important to recognize that Bitcoin is highly volatile in comparison to fiat currencies.

#Don't buy anything just because it's cheap Most beginners make the same mistake: they purchase a coin because its price appears to be low or within their budget.

The price of a coin should have very little to do with its affordability and a lot to do with its market cap when deciding whether or not to invest in it.

Conclusion

Do not begin trading until you are confident in your ability to make quick decisions when entering and exiting trades. Emotional trades have a history of being loser trades; stay cool and wait for the next chance. There will always be a better one.

*** About SNAPBOTS

SnapBots(www.snapbots.io) is an artificial intelligence (AI) research firm based in BVI with global users. Driven by its focus on fields of machine learning and deep learning, it aims to supply trading bots as a service.

For more information, please visit: SnapBots- https://snapbots.io Join our community- t.me/SnapB

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A Comprehensive Example: How Amazing Compounding Crypto

This investment earns me 1% per month in interest! How much money can I make in a year, and how will I increase my interest earnings? You've come to the right place if you're looking for answers to those questions.

Today, we'll talk about the world's 8th wonder — the force of compounding interest — as well as cryptocurrency.

In this article, we'll talk about the world's 8th wonder — the force of compounding interest — as well as cryptocurrency.

As Albert Einstein said: ”Compound interest is the 8th wonder of the world. He who understands it, earns it. He who doesn’t, pays it.”

What is compound interest?

Though not everyone has studied finance or accounting, compounding interest, simply means using the increased capital for the next interest cycle. In a nutshell, compound interest is interest on interest.

Does it seem to be complicated? Here's an easy example:

We have an investment opportunity that pays us 1% per month, which will result in an annual return of 12%, which is simply the amount of the twelve months in a simple interest sense. It will get you $1000 a month and $12000 annually for a capital of $100000.

In the case of compound interest, however, interest will be measured not only on the basis of your principal, in this case $100,000, but also on the basis of this $100,000 plus the first month's interest, totaling $101,000, beginning in the second month. As a result, beginning in the second month, you will earn 1% interest on a principal of 101000$ instead of 100000$, and so on as the months pass.

How to calculate the interest gain?

By using the following basic mathematical formula: K*(1+i)^n, where "K" represents your starting money, "i" represent your interest rate, and "n" represents the number of periods, in this case 12, (months).

Do you have a feeling of being overwhelmed? Allow yourself to unwind. We'll try to make it as simple as possible. Let's use the same example as before: When $100,000 is multiplied by (1 + the interest rate), a total of $12 is revealed. In numbers, this equals $100,000*(1+0.01)¹².

As a result of compound interest, your investment will be worth $112,682.5 at the end of the year.

The significance of the time frame Since the impact of compound interest is exponential, the longer you leave your capital in a compound interest sense, the more miracles this process performs.

It's important to play the long game in order to reap the full benefits of compounding interest. Patience is key. The more you let your curiosity compound, the sweeter it becomes.

Is it better if I go all in and then forget about it?

Can putting any of your portfolio assets into a crypto staking platform like SnapBots be the best solution? Although their staking strategy is lucrative, you can choose the amount of risk you want to take.

It's important to evaluate your risk tolerance and capital allocation. This is why we recommend diversifying the portfolio rather than focusing solely on one staking strategy.

Conclusion

In the field of cryptocurrency, there are a lot of fear and greed, and it is a very volatile sector. Given these factors, it's no surprise that the demand is highly emotional.

SnapBots conduct trades based on sophisticated trading algorithms with no emotions involved while SnapBots is acting on your behalf. Their prime goal is to assist investors in accumulating a nice profit over time. *** However, crypto asset investing, trading, staking can be considered a high-risk activity. Please use your extreme judgement when making the decision to invest in, sell, or to stake Crypto Assets. This is Not Financial Advice.

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Eight Cryptocurrency Investing Tips Everyone Should Know

As a new cryptocurrency investor, you've probably been asking yourself questions like: did the bitcoin bubble really burst, is it too late to get started, and what are the best tips to be effective in this newly emerging investment space?

Taking a more historical perspective, we can see that this is just the most recent bear market in a long line of them. Similarly, there is a bull market for every down market; an endless loop of eternal equilibrium. As a result, despite recent major declines, cryptocurrencies are far from dead, and the road to cryptocurrency investment nirvana is more promising than ever.

It's best to be as prepared as possible for any fruitful journey. We'll send you the requisite eight tips in this article to help you achieve your desired state of cryptocurrency investing enlightenment.

1. Ignore the "noise" around you. A number of people are becoming interested in the financial potential and practical applications of cryptocurrency assets. Both sides speak loudly and enjoy making a lot of noise. It's best to buy and keep what you believe in while ignoring the noise around you if you want to be a good investor in this room.

2. Be prepared for the unexpected. However, there is considerable uncertainty in cryptocurrency markets, which should not be overlooked. The intelligent crypto investor would be able to behave rationally rather than emotionally in times of sudden price declines by psychologically planning for these unfavorable, and sometimes frightening, investment performances.

3. Avoid making a poor investment or trading decision. Beginner cryptocurrency investors often make the mistake of joining a "pump and dump" party. Certain social media communities or "gurus" can also provide investment advice on a specific coin. These are areas you should avoid at all costs; when people go down these routes, they seldom return.

4. Perform your due diligence. There is also wifi on the road to crypto investing enlightenment in this new digital age, so there is no reason to invest with little to no understanding of the underlying asset. Almost every coin has a whitepaper that is easily accessible on the internet. The savvy traveler, like getting maps in the car, must be prepared.

Tools like the All Crypto Whitepapers will help everyone brush up on their knowledge of possible future investments, from the most actively traded to the most niche.

5. Do not put all of your crypto-currencies in one basket. When it comes to cryptocurrency investing, conventional wisdom holds that diversification is important. Diversification is important for any safe cryptocurrency portfolio, just as financial advisors suggest holding various types of stocks and other assets.

6. Choose a different personal email address. Using a default email address exposes an investor to the possibility of a data breach, which is needless. To mitigate this risk, it is recommended that you establish a separate trading account, preferably with two-factor authentication password protection. Instead of using text messages for two-factor authorization, make sure to use a dedicated two-factor program (such as Google authenticator).

When creating your accounts, make sure you use a unique username and password that contains no personally identifying information that would-be hackers might use to track you down.

7. Recognize the benefits of both cold and hot wallets. An offline "cold" wallet or an online "hot" wallet may be used to store cryptocurrency. Hot wallets are a more appealing choice for new investors due to their ease of use. However, as convenient as hot wallets are, they are vulnerable to hacking, while cold wallets cannot be hacked.

It's best to keep cryptocurrency you want to invest for a long time in a cold wallet and just a small amount in a hot wallet for things like trading or staking. I, like most crypto investors, keep some of my crypto assets in a wallet (SnapBots Wallet) and receive a reward by staking them.

8. Keep an eye out for mobile wallets. Using a cell phone to trade or store large amounts of any cryptocurrency is just too dangerous. Electronically or physically, mobile phones are more vulnerable to hacking. While convenient, the security issues associated with executing trades or storing assets on mobile devices should not be overlooked.

***

However, crypto asset investing, trading, staking can be considered a high-risk activity. Please use your extreme judgement when making the decision to invest in, sell, or to stake Crypto Assets.

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How to Invest in Crypto Like a Pro

Cryptocurrencies have been around for a little over a decade, and if you're just getting started, here's what you can do to invest like a pro. I used what I learned about investing when I first started investing in cryptocurrencies. The approach is clear and straightforward, but it necessitates a great deal of patience.

There's a risk you'll lose money because the economy is still unregulated. Investing in Bitcoin, as well as a few other cryptocurrencies, has proven to be secure.

You should be aware of a few items if you choose to include altcoins or other cryptocurrencies that are not called Bitcoin. If you are not cautious, you could lose a significant portion of your investment.

Dollar-cost average

You can not invest in cryptocurrencies on a regular basis unless you are an expert investor. This is often referred to as the dollar-cost average.

This entails making a long-term investment in cryptocurrencies. Choose a time when you will be able to spend on a regular basis. This could be once a week, once a month, once every other month, or whatever works best for you.

Make sure you aren't spending money that you don't already have. This means investing money that you won't use to pay your rent, mortgage, bills, or other basic living expenses.

Store your crypto in a wallet

You purchase cryptocurrencies from a cryptocurrency exchange. There's a risk that someone could break into the exchange and snatch your coins. This is why you should keep your cryptocurrencies in a safe, whether it's a digital wallet, an online wallet, or a hardware wallet.

When you use a hardware wallet, you move your cryptocurrencies from an exchange to your wallet and wait for their value to rise. You may also invest in a staking wallet and earn reward from it. From Coinbase to SnapBots, there are many staking platforms to choose from.

Diversify your portfolio

You may have a preference for one cryptocurrency over another. Some investors are known as Bitcoin maximalists because they just own Bitcoin. It is best to diversify your holdings if you want more than one cryptocurrency. Only keep in mind that you shouldn't put all of your money into a single cryptocurrency whether it's Bitcoin or another big cryptocurrency like Ethereum. *** However, crypto asset investing, trading, staking can be considered a high-risk activity. Please use your extreme judgement when making the decision to invest in, sell, or to stake Crypto Assets.

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8 Security Tips from the Pros on How to Keep Your Crypto Secure

Many users' crypto is still "hot" — in online wallets on centralized exchanges, which have had their share of reckonings over the years: the notorious Mt. Gox hack in 2014, in which hackers made off with approximately 740,000 BTC, and the Bitfinex leak, which drained nearly 120,000 BTC from the exchange more recently.

Unfortunately, exchange hacks have become all too common, instilling a healthy sense of fear in traders and HODLers alike. Nowadays, it's typical to see stories of cryptocurrency exchanges going bankrupt after a major security breach, leaving their customers with little options.

1. Be familiar with the attack vectors.

Often known as Know who your enemy is. Before you do anything else, make sure you take care of the basics: don't use the same password for all of your accounts, don't get phished, don't answer calls from people claiming to be tech support, and don't keep your hardware wallet on your keychain! A general sense of crypto security caution can serve as a good foundation for more advanced security measures.

Make sure that URLs are double-checked. Even better, bookmark your crypto pages and stick to them. Check the applications you've downloaded. If your copy of Tails OS is infected with spyware, it's useless.

2. Create strong passwords.

You should be familiar with the rules by now: no names, birthdays, street addresses, song lyrics, or anything else. Even if you mash the keys on your keyboard, though, it isn't enough to make it random. Password crackers have the ability to sift through 350 billion guesses per second.

Create a pass using a random mnemonic generator, or purchase a hardware wallet to produce powerful keys and signatures for you. Multiple passwords are preferable to a single one.

3. Make use of cold storage options.

You don't have to go 300 meters underground, but the bulk of your crypto should be kept "cold" — that is, air gapped and off the grid. Keep just the amount of money you're willing to lose in exchanges and online wallets.

You can either build an air gapped computer by removing the network card from your PC or laptop, or buy a hardware wallet. When generating the seed phrase, plug your hardware wallet into a wall outlet to keep it as cold as possible.

4. Don't let your SIM card be hijacked.

The phenomenon of SIM jacking, which many in the blockchain community have already seen, is a whole new attack vector to be concerned about. SIM Jacking, also known as Sim Swapping or Phone Porting, is becoming increasingly popular.

That's because it's not difficult to do. Hijackers switch your mobile account from your SIM card / phone to a different SIM card / phone that they administer, using information that is frequently publicly accessible.

The jacker then uses your phone number to obtain access to your other accounts by going through the account recovery process with your phone number and information, as well as other information or access they have. The harm is always already done by the time you find it out.

5. Put everything to the test.

Before going full throttle, make small test transactions or experiment with small sums of money on a test network. Never type addresses by hand (over 12,000 ETH have been lost forever due to typos). Copy and paste, then double-check, use Ethereum Name Service, or scan QR codes to be sure.

6. Make a backup of your seed phrase(s) on several devices and in different locations.

A typical Bip39 seed phrase is a strange string of 24 words from which a private key can be derived. Handle your seed with extreme caution. If you're going to write it down on paper, make two copies and store them separately.

SD cards are another choice for storage, but they rarely last longer than five years and can be wiped in an emergency (EMP bomb). Just in case, use both analog and digital.

7. Maintain plausible deniability.

In the crypto-verse, plausible deniability refers to the right to keep such data secret. Distribute your assets through several wallets to reduce your risk exposure. Here's a good rule of thumb for public emission: don't broadcast your holdings, and particularly don't tell the world where you keep all of your crypto. In any case, none of your crypto should be hot.

8. Level up. Help the ecosyste

Your security decisions have an effect not only on you, but also on the environment and society in which you live. If you don't use two-factor authentication and someone steals your email, you're responsible when the bad actor phishes your personal network. It's all on you if your father gets phished because he didn't know the fundamentals.

As a result, set a goal for yourself to level up. Experiment with multi-signature wallets, Tails, and hardware wallets. Bring out your inner Edward Snowden. Teaching is an excellent way to learn. Inform your friends about cold storage and your mother about the importance of strong passwords. Assist the group in identifying spoof sites and accounts.

You can easily stake your cryptocurrency if you want to increase the value of your digital asset. Many staking platforms give good rewards for each cryptocurrency staked, but one of my favorites is SnapBots. They've not only offered me better incentives, but their staking plan is also fair, and their service center is the best I've seen so far.

So, are you going to keep your cryptocurrency? If so, which wallet do you favor? Leave your thoughts in the comments section below! *** However, crypto asset investing, trading, staking can be considered a high-risk activity. Please use your extreme judgement when making the decision to invest in, sell, or to stake Crypto Assets.