Fat Pig Signals are a group of traders focused on cryptocurrency market analysis and studies, our service is to provide access to our market studies and trades. We are not an investment fund and we do not have association with any of those funds.
You are an investor who probably already know all about it, but in case you don’t know exactly what cryptocurrencies are, they are digital or virtual currencies secured by strong cryptography protocol and used to buy goods or services.
Cryptography is used in order to verify and guarantee those online transactions. Cryptocurrencies are not backed up by any government or any other institution.
They use a blockchain, which is a decentralized spread across a number of computers that are responsible for managing and recording transactions.
Blockchains are a series of computing nodes that run the cryptocurrency software and contain the partial or complete history of the transaction occurring in the network and performs a series of checking to ensure that the transaction is valid by assuring the proper validation parameters are contained.
How do they work
In order to know what cryptocurrencies are, you need also to know how they work.
Theyexist only electronically, and use a peer-to-peer system, so there is no central bank or government to manage or help if anything goes out of the ordinary.
So, there are some risks regarding cryptocurrencies: since there are no banks or governmental authority to protect you, there is no one responsible for getting your money back when it is stolen.
Bitcoin network operates by an underlying technology, called blockchains, which is a collection of computers or nodes that run the software and contain a partial or complete history of the transactions that are currently occurring on Bitcoin network.
Each full node or a node containing the entire history of transactions on Bitcoin, is responsible for the approval or rejection of a transaction in its network.
The node conducts several types of checks to ensure that it is a valid transaction, by ensuring that it contains the right validation parameters and that it does not overcome the imposed length.
Most popular cryptocurrencies
Besides knowing what cryptocurrencies are, you must also know a little about some of the most popular cryptocurrencies. Some of the most popular cryptocurrencies are:
Bitcoin
So, what are cryptocurrencies? There are distinct kinds of cryptocurrencies are created in diverse ways. Bitcoin is created through a mining process that uses powerful computers to solve complex algorithms and crunch numbers.
It is a decentralized currency that uses a peer-to-peer technology which enables functions such as:
Currency issuance.
Transaction processing.
Transaction verification,
to be conducted by the network of miners.
People using their computers to participate in the network is a process called bitcoin mining. This process is a transaction processor and validator.
Ripple
As mentioned before, cryptocurrencies are created to purchase goods and services. However, Ripple, on the other hand, is a currency exchange, payment settling, and remittance system created for payment networks and banks.
It is a system of direct transfer of assets that has been proposed as a more secure, transparent, and cheaper alternative for transfer systems used by banks, like SWIFT codes.
While Bitcoin is based on a blockchain technology, Ripple makes use of distributed consensus ledger that uses a network of validating servers and crypto tokens named XRP or Ripple.
Litecoin
Created in October 2011, Litecoin is based upon Bitcoin’s open-source code, but with several modification like a faster block generation rate, and the use of a Scrypt to a prove of the work scheme.
Those Scrypts are a password-based key derivation function designed to make large-scale, custom-built hardware attacks more difficult in the currency.
Bitcoin’s algorithm does not demand a lot of RAM as an impediment to parallel processing like Scrypt does. Litecoin was, in fact, developed with the objective to improve on Bitcoin shortages.
Ethereum
Unlike Bitcoin, Ether was not created to be a digital currency, but an asset to reward developers using the Ethereum platform. It is a software platform blockchain-based, which is used for sending and returning value on a global level, through its native cryptocurrency, ether, without any government or third-party interference.
Ethereum was designed to broaden the useability of cryptocurrencies by empowering developers to build their own premium applications. As opposed to traditional applications, these so-called "decentralized applications" based on Ethereum are self-executing thanks to the use of smart contracts.
Those smart contracts are code-based programs hosted on the Ethereum blockchain which automatically execute given functions when pre-set requirements are fulfilled. This might be anything from forwarding a transaction when a particular event takes place, or the lending of funds once a guarantee is deposited in a nominated wallet.
Conclusion
Now you know what cryptocurrencies are, how they work, and what are the most popular ones right now, such as Bitcoin, Ripple, Litecoin and Ethereum. Don´t forget to join our Telegram Channel for the hottest crypto signals on the market.
These platforms allow investors to buy into new cryptocurrency projects before the tokens go public. Launchpads are usually run by a centralized or decentralized crypto exchange or other projects dedicated to this purpose.
To understand how launchpads work, you need to know how new crypto projects raise money for their product or service. In 2017 and before, most new projects directly conducted their token sales on their website and distributed the tokens to investors which bought them at a specific price. This process was called an Initial Coin Offering (ICO), and investors had to hold the token until it was listed on an exchange.
However, after 99% of ICOs turned out to be scams and the crypto market collapsed, investors no longer dared to invest in such projects. The real problem was that most new investors did not have the knowledge and experience to analyze new crypto projects, so they put their money into anything that looked flashy.
Meanwhile, including Huobi, crypto exchanges recognized the revenue opportunity and grabbed it with both hands.
To enable businesses to acquire capital, Huobi provides users unique investment opportunities (e.g., investing in digital land like Gold Fever). So, Huobi developed the Huobi Prime Launchpad.
The Huobi Launchpad is a user-friendly process to guide investment opportunities and companies to launch their token offering successfully. This service allows companies to connect their token offering to a shared listing on Huobi, giving them direct access to many Huobi users.
Register today if you want to profit from the following project launched on Huobi Primelist!
With this clear understanding, we will now present some of the best crypto projects that have already been carried out on the Huobi Launchpad. These are the last 5 Launchpads on Huobi. Crazy Potential.
Gold Fever (NGL)
Gold Fever is a challenging free-to-play role-playing game that uses blockchain's power to create a decentralized economy. This exciting and addictive online multiplayer video game mirrors the physical world into the digital world, allowing players to take actual ownership of scarce game items through Non-Fungible Tokens (NFTs).
Most items in the game will be unique NFTs, ranging from weapons, skins, vehicles, or infrastructures. Vehicle NFTs such as boats and planes can be rented to other players for a fee, while NFT infrastructures will act as actual stores.
NFT infrastructures, including merchant stores, airfields, and stables, will create professions where players can earn rewards by managing their stores and selling goods/services to other players. Unlike most play-to-earn games that require a significant initial investment to start playing, Gold Fever is free-to-play. This means that everyone gets to play while having the chance to earn $NGL without any investment.
$NGL is the currency that powers every transaction in the game and launches through the Houbi Primelist. Players are free to transfer, lend or stake their $NGL. Staking offers several benefits, including discounts on the Gold Fever Store, guild privileges, and access to exclusive events.
Immutable X (IMX)
Immutable was also part of the Huobi Primelist. The project believes that it has set a milestone with the Immutable X 2-layer protocol to build a foundational, global infrastructure for distributing and exchanging NFT assets in the Ethereum ecosystem.
Founded in 2019, the company wants to use the money to grow its engineering and sales team. They also want to expand collaborations with gaming companies and develop NFT-based games. These include the blockchain-based trading card game Gods Unchained, developed by Immutable 2019. They also plan to improve the Guild of Guardians game further.
Biconomy (BICO)
Web 3.0 is moving more and more to the spotlight of decentralized applications (DApps), and a token, BICO, is taking the space by storm. Biconomy (BICO) is the native token of the Biconomy blockchain.
The Biconomy blockchain provides DApps with plug-and-play APIs and SDKs to make the DApps helpful for everyone, including those who are not crypto savvy. The BICO token is used for governance of the biconomy multi-chain infrastructure. It keeps the network decentralized and is used as a network fee that incentivizes everyone to maintain and secure the network. In addition, the BICO token is also traded on crypto exchanges such as Huobi.
Candlestick charts show the development of a value over time. Candlestick charts are often used on the stock exchange to show the price development of shares or indices. The individual candles in the candlestick chart show the first price, the last price, the highest price and the lowest price of a certain period. In a daily chart, for example, each candle shows the high price, the low price, the opening price and the closing price of a day.
Candlestick charts are often used in technical analysis of stock market prices.
Sometimes candlestick charts are also called candlestick charts or candlestick charts.
What are candlestick charts?
Candlestick charts are used in the analysis of crypto market prices to show the price trend of a cryptocurrency.
In a candlestick chart, each individual candle shows how the price has developed within a certain period of time. In a daily chart, for example, each candle represents the price development within a specific day. If, on the other hand, a weekly chart is viewed, each candle shows the price movement within a week.
The individual candles show the first price (opening price), the last price (closing price), the highest price and the lowest price of the period under consideration.
Candle with explanations
Each candle consists of a box-shaped body in the center of the candle and two lines protruding above and below the box.
The upper and lower boundaries of the body indicate the respective opening price and closing price.
If the closing price is above the opening price, the box is drawn in green. In this case, the price has risen in the course of trading.
If, on the other hand, the price has fallen, the closing price is below the opening price and the box is drawn in red.
Occasionally, it happens that the price closes at the same point where it opened. In this case, a straight line is drawn in place of the body. This candlestick shape is called a doji.
The two lines above and below the body are called shadows. The top of the upper shadow indicates the highest price of the period under consideration, while the lower shadow marks the lowest point.
What information can be gleaned from the shape of each candle?
The shape of the candles tells a lot about how the price has developed in the period under consideration. From the length of the shadows and the size of the bodies, we can conclude how the price behaved during the period under consideration. You can find some examples of this in the two charts below.
1. a long body with small shadows indicates a strong upward movement (green body) or downward movement (red body).
2. on the other hand, if a candle has only a very small body and at the same time long lower and upper shadows, this indicates a strongly fluctuating trade without a clear trend.
3. A very long shadow in one direction indicates a trend reversal. A long lower shadow indicates that the price fell sharply at a certain point. Then, however, a strong countermovement started and the price recovered most of its losses by the end of the trading session.
4. exactly the opposite case occurs with a long upper shadow. Here, the price rose sharply, but could not hold its high and had to give up most of its interim gains at the end.
5. if the highest price and the lowest price of a candle are very close to each other, this indicates uneventful trading.
6. gaps are gaps between two candles. These price gaps occur when the following candle opens significantly above (upward gap) or below (downward gap) the previous candle.
A gap remains visible on the chart only if the price does not move back in the direction of the previous candle, thereby closing the gap.
An upward gap indicates that there were significantly more buyers than sellers at the opening of the market.
Conversely, a downward gap indicates that there were significantly more sell orders than buy orders before trading opened.
Upward trends, downward trends, and sideways movements
In a candlestick chart, uptrends, downtrends, and sideways movements are relatively easy to identify.
In an upward movement, the candles close above the closing price of their pre-candles. Within the upward movement, there are clearly more green candles than red candles.
In a downward movement, on the other hand, the red candles predominate. Most candles within the movement close below the closing price of their pre-candles.
As the name suggests, the price moves sideways in a sideways movement. The candles move up and down within a narrowly defined range. In the sideways movement, the candles often change color.
Short-term compression zones and breakouts
Next, we look at how the individual candles in the candlestick chart are related to each other.
A common pattern in the candlestick chart is compression zones, where several consecutive candles oscillate up and down in a tight box ( point 1 ).
The bodies of the individual candles all lie more or less on one line.
In many cases, all candle bodies additionally lie within the two shadows of the largest candle.
Within this box, the price fluctuates inconclusively back and forth between two narrow frames, without being able to form a clear trend.
If the price finally succeeds in breaking out of this box, there is often a violent, steep price movement in the direction of the breakout ( point 2 ). However, before the breakout from the box, it is not possible to predict in which direction the breakout will occur. Therefore, wait until the first candle closes outside the box before entering.
Resistances and support lines
Significant highs or lows often form resistance zones for subsequent price movements. So at these points, the price is more likely to bounce off the same point again and turn back in the opposite direction.
These resistance zones are even stronger if the price has already bounced off the same point several times.
In the chart on the right, you can see such a resistance zone. Here, the price has bounced off the same line twice, at point 1 and at point 2.
This high is now interesting for two reasons:
First, there is a particularly high probability that the price could turn downward again at this point.
At the same time, however, a breakthrough this resistance line would be seen as a particularly bullish sign. Many traders see the break of such a resistance line as an indicator for further rising prices and therefore enter the value shortly after a breakthrough. Therefore, after a break of this line, there is an increased demand, which drives the price further up.
Before entering, however, it is advisable to wait whether the candle closes at least above the resistance line. Sometimes bull traps occur precisely at such resistance lines, where traders enter in anticipation of rising prices, only to be confronted with a sudden countermovement shortly thereafter.
Once the price has moved above the resistance line for an extended period of time, the resistance line becomes a support line. A support zone is thus formed along the former resistance line, making it more difficult for the price to fall below the former resistance line again.
If you perceive these and take them into account you are on the right track to losing nothing.
As a new crypto investor, I have made many mistakes when trading cryptocurrencies that have cost me a lot of money. This article will explain the various errors that many new or even experienced traders and I make when trading these ultra-volatile assessments. When I entered the field in 2014, the market was still young and growing. I did not have the same knowledge and wisdom that I have now, but I had the drive and vision that this was not just a fad or a Ponzi scheme. However, I continued to lose the value of my investment as prices fell day by day. I asked myself:
"Why am I losing so much money with cryptocurrency?"
That was my main question in the first few months of investing. But, of course, most newcomers to the crypto arena also have the same question, especially after the recent bearish spectacle in the market.
One of the best answers to this question is "patience." I quickly sold some of my investments, some even at a loss, as I lost faith in cryptocurrencies in general. Some years later, I don't regret any of my decisions, but I think HODLing would have been a good choice back then.
So what are some of the mistakes we make before buying as we hold and sell cryptocurrencies that cost us money?
1 ) Investing in more than you can afford to lose.
One of the biggest mistakes to make, rich or poor, is to invest money you can't afford to lose in ANY investment. This is one of the golden rules of investing. Do not invest your :
school fees,
rent money,
survival money,
or any other needed cash in cryptocurrencies.
The volatility of cryptos makes it impossible to predict price movement direction. So instead, invest the extra money you hold or part of your savings to avoid severe losses if the crypto coin fails.
2 ) Not-self researched
The main trap that newbies fall into, in my opinion, is buying "scam coins," sometimes called "shitcoins." These are the only coins on the market to grab money from investors. Unfortunately, most of these coins offer no real benefit to the user, have a dubious WordPress website and copied whitepapers, no names or faces of the development team, and incentives to buy the coin like airdrops.
Be aware!
As is often the case, people are too lazy to do their research and believe the people who tell them about cryptocurrency.
for example, SHIBA INU (SHIB)
3 ) Ignorance of Fine Prints
“I bought coin X at price Y and made a huge profit selling it for price Z”.
This is a joint statement among crypto traders trying to handle the coins. However, this statement does not tell the whole story. For example, what are the fees you paid for the trade? Are there any additional fees that you were charged when calculating your profit?
Most traders will only be satisfied that the selling price is higher than the buying price of each crypto. Unfortunately, these traders overlook the costs of selling the coin, trading the coin, and any wallet fees. After these additional costs are factored into the purchase price, some traders find that they have sold at a loss.
4 ) Investment targets
Most crypto investors are in a rush to join the bullish market due to FOMO (fear of missing out), but they haven't figured out why they are investing. This is often done on the spur of the moment or based on speculation that highly predicts the value of cryptocurrencies. Like holding a portfolio of bonds or stocks, you have to have goals that you want to achieve with funds from the return on the investments. Crypto trading has increased over the last decade. However, as investors join this volatile market, most have failed to define their investment goals to help develop appropriate investment portfolio strategies within the crypto arena.
Photo by Scott Graham on Unsplash
Every investor needs to have a set of goals that they want to achieve and alternative strategies that they can take if they do not achieve their goals. The cryptocurrency market is very volatile, making it necessary for every investor to be disciplined by setting goals.
5 ) Blind Investing
The cryptocurrency market is still relatively new, and only a few people understand the market dynamics. This is not limited to technology but also investment analysis, a central pillar of traditional finance. Investors in the crypto market are currently investing blindly, which goes against all principles of financial modeling. It is crucial to select the right altcoins to achieve capital gains; this is possible through technical and fundamental analysis of cryptocurrencies. In the past, the financial crisis resulted from such scenarios where the market was not well informed about products and packages but invested because of the hype. Therefore, crypto enthusiasts need to seek more knowledge before investing in altcoins.
6 ) Transfer mistakes
Just like to receive a post, every individual has their unique address. Similarly, one should provide his correct address for making and receiving payments. This mistake finds its place in one of the most frequent mistakes made by the user digitally. It is advised to double-check the address before making any transaction. Like one loses all the important stuff if the address is mentioned incorrectly. Similarly, a user can lose all its hard-earned coins if the address mentioned is incorrect. The unidirectional blockchain process, i.e., it is impossible to refund a wrongly placed transaction, makes this mistake more fatal.
7 ) Being out of touch with news
Suppose you are looking forward to entering the crypto business and becoming a successful trader. You need to keep a regular check on the crypto news to know where you need to invest your time and money. A crypto market is a place that keeps changing anytime, so you must save a check time by time to know and have all the details about what is happening in the crypto market. Always choose a trustable website that provides you with helpful information about the crypto market. This will help you earn profits from your funds if you keep a check on the news.
The best way to start as a crypto trader is to use the services of an expert. If you do not know much about how to invest in cryptocurrencies or if you have little knowledge about how the cryptocurrency market work and what makes a cryptocurrency spike or drop, then you should consider using crypto signals.
In this article, we will introduce and discuss about what are crypto signals and why they are an excellent tool to learn how to:
Stop losses;
Set targets;
The appropriate points to exit;
Or enter a trade to maximize your profit.
Nowadays, there are a lot of crypto signal groups in the market, thus we will also provide some information to help you selecting the right one.
What are crypto signals?
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Crypto signals, also known as crypto trading signals, are researched by a pool of expert traders and analysts who provide trading recommendations about:
Buying;
Selling;
Trading crypto
to achieve maximum profits.
These experts often give crucial information to their customers or subscribers following detailed trade analysis and research, mostly involving monitoring crypto news reports, and analyzing their market inputs.
A crypto signal provider usually has two main parameters that guide trade calls, which are the following:
Fundamental analysis
Fundamental Analysis assists analysts in evaluating the cryptocurrency projects, most notably its:
Financial reports;
Competitors;
Workforce power;
Next upgrades;
And crypto news, comprising negative and positive reports.
Technical analysis
On the other hand, Technical Analysis concerns the study of cryptocurrency charts and market data, in order to predict the price direction.
It is mostly focused on:
Price trends;
Graph patterns;
Fluctuations;
And moving averages,
to name just a few.
The biggest advantage of the crypto signals is that they deliver rich business insights to their users. Through those insights, you can manage your assets successfully.
Crypto Trading: Telegram is the preferred channel
Telegram is the preferred channel for crypto trading, due to the size of the cryptocurrency trading community on the trading platform. It is the ideal platform to communicate with a large audience, since it allows up to 5,000 participants in one group chat.
Most importantly, Telegram cares more about its users’ privacy than other messaging services. It also usually uses more messaging bots on the trading platform – much better than alternative apps, such as WhatsApp.
Traders can take advantage of RSS and automated bots to make broadcasts and share them with their group.
Telegram crypto groups are nothing more than a chat room in which anyone can write whatever they wish: you will be able to ask questions, send direct messages to the authors of the messages, or be a simple follower.
The biggest advantage of group work is that you can quickly identify investors and start a discussion about the benefits of your business. Telegram crypto groups are widely used to update members on the latest changes in the cryptocurrency market.
Crypto Telegram group channels are divided into two categories:
ICO Speaks: Here you will find the best crypto reviews, signals, and air drops. To follow the most up-to-date crypto blockchain news, here is the ultimate location to go – and it is completely free to join.
Here you can stay up to date with token sales. Besides that, you can also ask members for marketing and consulting services for the project that has just been launched. You can also post a message anytime;
ICO Listing: This crypto Telegram group is focused on specific projects. All members can make a post about the project, highlighting the full benefits of their proposal.
The project will be discussed by fellow members then, if it is genuinely interesting. You will need to follow the discussion and then invest if you are really interested.
You can also contact a member's account directly if their account is open for conversation.
What are cryptocurrencies
But what is a cryptocurrency anyway? It is a digital currency with an encrypted code that keeps track of the generation of currency units and checks transactions for value transfers.
Cryptocurrencies have no support from the government or a central bank of any country. The account is managed in a distributed way. It is like a distributed ledger, where the order of transactions cannot be changed.
In short, this currency is much more advantageous than the FIAT currency. Therefore, many banks and governments are against cryptocurrencies, because they take power away from centralized power centers, whether be they governments or central banks.
Government-backed currencies are called FIAT currencies.
FIAT currencies have many drawbacks. They are centralized. Such centralized agencies can invalidate existing money through the stroke of a pen. You need agencies such as Visa and Mastercard to perform exchanges at corporate outlets.
To keep your money, you must pay fees to banks while they profit from interest by lending your money. To transfer money across borders, authorizations are required from governments and huge fees are charged by companies like Western Union.
The fees are paid by percentage, while it should only be one fee per transaction. The amount should not matter.
FIAT does lack the attributes of ‘sound money’. Cryptocurrencies fulfill most of these shortcomings. In addition to all these advantages, it is also distributed, which is quite an advantage, as we do not need to depend on any third party. We can use cryptocurrencies thanks to blockchains.
How does cryptocurrencies work
Cryptocurrencies exist electronically and use a peer-to-peer system. Distinct types of cryptocurrencies are created in diverse ways. Bitcoins, for example, were created through a mining process that uses powerful computers to solve complex algorithms and crunch numbers.
Bitcoin mining
The process which people use their computers to participate in the network is called Bitcoin mining.
The process works as a transaction processor and validator. Bitcoin network operates by blockchains, which are a series of computers or nodes that run the software and contain a history of the transactions on Bitcoin’s network.
Every node is in charge of accepting or rejecting a transaction on the Bitcoin network. The node drives different sorts of verifications to guarantee that it is a legitimate transaction, by ensuring that it contains the proper validation parameters and that it does not overrun the enforced length of time. Currently, Bitcoins are created at a rate of 25 Bitcoins for every ten minutes and will be restricted when reaching the limit of 21 million, expected to happen in 2140.
Meanwhile, Litecoin, regarded as Bitcoin's leading rival, is intended to process smaller transactions faster and can be mined on a standard desktop computer. Its cap is 84 million: four times Bitcoin's 21 million.
5 Tips to Start as a Crypto Trader
Now, that you know about:
What crypto signals are;
That Telegram is a favorite channel;
The two types of crypto Telegram groups;
And what cryptocurrencies are and how they work,
let us take a look at 5 tips for getting started as a crypto trader.
Keep a safe cryptocurrency wallet
The very first thing to become a crypto trader is to create a cryptocurrency wallet. A wallet protects cryptocurrency from risks, hackers, or scammers.
This ‘mechanism’ can also be used to make transactions at any time and place. It is important to select a reputable and secure wallet to be a successful crypto trader.
Wallets can have private or public keys. Crypto traders do not need to share the keys with anyone, as access to the wallet is authorized.
Get some experience
Instead of going straight to the Bitcoin trading market or to an elevated level, a tip for getting started as a crypto trader is to start at a lower level or do some experimenting first. You need to know how the trading process works or the necessary steps.
What kind of crypto trader you want to be
Try to learn all about all the types of cryptocurrency traders and select the one according to your interest or analysis. The best type is day-trading traders, as such traders make money on a daily basis.
Methods, styles, and strategies of trading
Newbies need to learn about all the strategies, styles, and methods of trading available.
Profit will only be possible if the right trading strategy is structured and executed accordingly. As already stated, for this reason BTC day-trading is the most popular method.
Study about market analysis
It is important to make the best decisions to make profits. Therefore, crypto traders need to know how to use all the tools and sources available for correct market analysis. Crypto traders should choose the right tools, subscribe to the best Telegram channels, and take advantage of the best sources of news or information about the cryptocurrencies market, in addition to perfect analysis to make the right price predictions in trading.
How to select a cryptocurrency
There is no such a thing like the best cryptocurrency, but the truth is this: some os those are best suited for specific cases. Bitcoin, for example, is the best cryptocurrency for reserve assets, as it is the most popular and has a finite stock.
Many of the most hyped cryptocurrency projects are in the top positions in cryptocurrency market capitalization. Most of the low market cap cryptocurrencies have unsecure use cases or were not delivered as promised.
Low market value cryptos are usually riskier than higher market value ones like Bitcoin and Ethereum.
It is important to invest in the ones that have an experienced support team. To find out about a cryptocurrencies, check out the cryptocurrency whitepaper.
This should give to you a good general notion of how the cryptocurrency of your choice works.
What is a wallet?
The public and private keys used for sending and receiving cryptocurrency funds are stored in a cryptocurrency wallet. It is like opening a bank account.
Is cryptocurrency wallet secure?
Encryption is used by cryptocurrencies to secure and verify transactions and control the new units that are created. All transactions can have their encryption verified by each user.
What are public and private keys?
It is like your username and password. The public key is the username, and the private key is the password.
A wallet has public and private key pairs. Developers use public and private keys to set up a secure connection between two different ones for communication. What if the same concept could be used for sending and receiving money? The cryptocurrency does just that.
Free crypto signals
A good encryption signal service usually charges a channel access fee, which is understandable, given the experience and the importance of the information provided.
But there are some free signal groups on Telegram. They are a good option to save funds, but the level of accuracy will not be the same as the one provided by a paid group.
It is important to know that some channel operators manage a fake set. Some buy consulting services; others use the Internet to steal signals posted in unusual places. True providers offer quality insights and advertise on popular channels.
Steps to Trading Cryptocurrencies
It takes five steps to trade cryptocurrencies.
1. Create a cryptocurrency broker account
You will need to create an account with an encryption broker. These are considered the best ones:
Coinbase;
Gemini;
Binance;
Kucoin.
are considered the best. They all have a simple user interface and lots of altcoins to choose from. Besides, you will need to provide personally identifiable information to your encryption broker to open an account.
The personal information needed to set up your account includes:
Address;
Social Security number;
Email address;
And date of birth.
2. Fund your account
After registering with the encryption broker, you will need to connect your bank account. Most encryption brokers offer the option of bank financing through wire transfers and debit cards.
The cheapest option to fund your account is wire transfer, which is usually free at Coinbase and Gemini.
3. Select an investment encryption
Most active cryptocurrency traders invest in Bitcoin and Ethereum. These cryptocurrencies are more predictable than smaller altcoins, so they are easier to trade with.
Many crypto traders invest in smaller altcoins, as even though cryptos with a low mid cap are riskier, they can appreciate more. Many would appreciate more than 1,000% in a few months, which makes them attractive to risky investors.
4. Choose a strategy
You can choose several trading indicators when buying and selling cryptocurrencies and many factors are often considered by investors.
If you are a newbie, then you should consider taking a course in cryptocurrency trading. Asia Forex Mentor is an excellent option to learn how to invest in cryptocurrencies. The One Core Program has also been highlighted by many crypto traders.
If you already have some experience in the cryptocurrency market, then you may have some stock trading strategy in mind. Stock trading is also widely used in cryptocurrencies.
5. Store your cryptocurrency
If you actively trade your cryptocurrency, you will have to store your funds in the exchange to access them. If you want to keep your cryptocurrency longer, you will need a cryptocurrency wallet.
Cryptocurrency wallets can be either software or hardware wallets. They are both secure, but hardware wallets are safer because their encryption is stored on a physical device and offline. Ledger is one of the brands trusted by investors. In the case of a software wallet, there are several free options on iOS, Google Chrome, and Android.
Which are the Best Crypto Signals
There are several cryptographic signal services, which makes it difficult to choose the best option, especially for beginners. Let us show to you the best one, our hottest tip on the market today.
Crypto Signals – The Best Crypto Signals in 2021
FatPigSignals.com is a team of expertised traders that have been operating in the cryptocurrencies trading market since the first years.
They have formed a community on Telegramso that others can learn from their accurate cryptocurrency signals.
You can join their VIP group by choosing the price package that is more suitable for you.
To become a professional trader, you will need to open an account with one of their broker. To do this you may register and deposit the minimum with their chosen regulated Crypto broker.
You can join their free Telegram group, where they send daily reports, each one coming with a full technical analysis on why they are taking the trade and how to place it through your broker.
Their team of in-house traders at FatPigSignals.com scan the crypto markets around the clock for you. Using a combination of in-depth technical analysis, AI algorithms and fundamental research – FatPigSignals.com is in constant pursuit of trading opportunities for its members. If this is the first time you have heard of them, check out what they do at their homepage.
These resistance zones are even stronger if the price has already bounced off the same point several times.
