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Holytransaction, 5 Gold Trading Lessons for Today’s Cryptocurrency Investors

5 Gold Trading Lessons for Today’s Cryptocurrency Investors

Holytransaction, 5 Gold Trading Lessons for Today’s Cryptocurrency Investors

For people who have traced the movements of Bitcoin since its inception, it’s hard to believe that it has only been around for less than a decade. As discussed here on HolyTransaction, the world’s first cryptocurrency has had a wild ride so far, from the downright bizarre (two pizzas for 10,000 BTC) to the extremely exciting. As of the start of the year, Bitcoin’s market cap was valued at $280 billion (€226 billion), with cryptocurrency like Ethereum following at impressive valuations of $90.4 billion (€73 billion).

These figures make investing in cryptocurrencies incredibly tempting, but also quite daunting. With such a young market, there aren’t a lot of set rules or trends that can help guide you on your investment journey. This is where looking at similar trading commodities like gold and other precious metals come in. After all, FXCM explains that gold trading is simultaneously one of the oldest and most exciting ways to invest in global markets, and this remains true whether in times of war and turmoil or peace and prosperity. With the right focus and lots of discipline, there’s plenty of wisdom to be uncovered from looking at the history of gold trading.

Whether you’re a beginner looking to dip your toes into the cryptocurrency pool or an experienced trader hoping to build your wisdom in Bitcoin investing, here are five golden lessons for today’s cryptocurrency investors.

Diversify, diversify, diversify!

This tip seems basic, but focusing on a single trading commodity remains one of the most common mistakes investors make. A conservative position in gold investing means a maximum of 10% gold in your portfolio, and this is something that you can keep in mind when investing in cryptocurrencies. This can not only protect you from unexpected Bitcoin price dips, but can also open up better growth opportunities with lower risks and good returns. From the over 1,300 different cryptocurrencies in existence, This is Money recommends looking into altcoins like Litecoin, Monero, and Dash this 2018.

Stay calm in the face of volatility.

Gold can easily swing by a hundred pips and reverse every few minutes, which means trading in gold requires a certain degree of thick skin and steel-like determination. These are also very handy when trading cryptocurrencies, which are infamous for their volatility. In crypto-speak, be ready to “HODL”, or hold on for dear life (your coins), even when everyone else is panicking.

Set a loss limit.

Be sure to set acceptable loss limits for your investments and avoid buying too much. Financial Times reports that even a trusty commodity like gold has its own set of risks, which means it’s healthy to set stops for each individual trade for a maximum allowable loss that you are comfortable with. Invest only what you can stand to lose, and keep evaluating your trading strategies to learn which cryptocurrencies are best suited for you.

Keep your eyes on the prize.

Whatever your feelings are about shiny yellow metals or blockchain-enabled digital currencies, Forbes claims that these are still commodities that can be sold when prices are high and bought when prices are low. Focus on market trends and see where the prices are heading, and use these to inform your decisions. Pay attention to cycles, growth patterns, and market potential to make decisions, instead of which cryptocurrencies everyone else is buying.

Security and safety is a must.

Last but not least, invest only on trusted trading platforms and certified services. Millions of people have been victimised by gold-related scams and fraudulent brokers over the years, and it’s important to carry the same level of vigilance when carrying out cryptocurrency wallet transactions. Keep your money and investments safe with your free digital wallet here at HolyTransaction.

Do you have any other tips for cryptocurrency trading? Let us know in the comments below!

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
Dogecoin, Holytransaction

You can’t leash the DOGE

Dogecoin, Holytransaction

When ideas and community purpose matter more than the last fin-tech innovation.

Dogecoin is a cryptocurrency, a form of digital money that like bitcoin, enables peer-to-peer transactions across a decentralized network.

If you’ve spent any time on the internet during the last decade, you shall have heard of the Doge meme: the iconic Shibe, barking comic sans quote like, “so scare,” “much noble,” “wow.”

At the peak of the meme’s popularity near the tail end of 2013, Palmer, an Australian marketer for one of the world’s largest tech companies, made a joke combining two of the internet’s most talked-about topics: cryptocurrency and Doge.

It was a joke taking aim at the bizarre world of crypto and at the recent coin-naming hype.

“Investing in Dogecoin,” Palmer tweeted, “pretty sure it’s the next big thing.”

And the tweet got a lot of attention. 

So the joke became a true play.

He bought the Dogecoin.com domain and uploaded a photoshopped Shibe on a coin. Adding a note on the site: If you want to make Dogecoin a reality, get in touch.

And this is just the tip. So, If you are interested in knowing the greatest detail of Dogecoin history, we bet you’ll like this article by Alex Moskov published at CoinCentral.com

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack

Why Telegram is so popular in the crypto community?

Bitcoin can rightly be called the “star” of the past year, since its price rise attracted the world attention to the cryptocurrency market, which becomes inexorably popular from day to day. Questions about how to become a member of the crypto community and earn from it provoked the creation of Telegram channels about cryptocurrencies, which provide users with all the information they are interested in the real-time mode.

And the lack of monetization of the application makes it attractive for both individual participants and large projects – so much attractive that many decentralized projects, digital publishers houses and even exchanges use the messenger and create the full-fledged platforms for communication and advertising. There are even whole groups of “whales” – the owners of large states in the cryptocurrency. Such public accounts can have up to 30 000 – 40 000 active users. The most famous have the talking name – Whale Club and Coin Farm. Here you can meet those who bought bitcoin only for $ 1, and sold for $ 9,000.

$ 5,000 per subscription

There are some channels, sending signals, related to the growth of exchange rates, to subscribers. At the same time, the monetization of such communities is quite successful. So, the price of joining a closed paid channel can reach $ 5,000. Many users are willing to pay such amounts, because they are sure: with one signal it is possible to multiply your asset by up to 10 times. You can be part of a speculative market, but it’s much more effective to create it yourself. This is the opinion of the pump groups subscribers, whose goal is to repeatedly increase the price of a particular currency by making a group exchange purchase by using the strategy of increasing. The final sale price is usually announced in advance and exceeds the purchase price by at least 2 times. For example, in the leading Russian-language pump channel Big Russian PUMP no less than + 200% increase is promised. Further, after the agreed sale, the rate may return to the original values. On such jumps in the token price it is easy to understand whether a coin was pumped or it’s a question of growth against the background of natural demand.

  

Kin charts

  

Where is Lambo?

Which messenger still can boast of having the games-bots? Of course, there is no sense to expect a wow effect from them, but they can help to spent some time while transit.

Well, finally, no hype is done without memes, especially when it comes to millions of dollars. If you know the crypto market for a long time, then, for sure, you are familiar with the phrase “When moon?”, which means waiting for the coin to grow. We have collected the top 5 phrases and memes, which any self-respecting crypto trader should know:

1st place – To the moon

The growth of each single coin on crypto market is accompanied with the image of a rocket flying to the moon. Originally for bitcoin, the “cosmic” growth was a figure of $ 1000, then it reached 2000, and now, to fly to the moon, it must overcome the barrier of $ 50,000. In general, for altcoins this distance is much less.

Flypme sticker skyrocket, Holytransaction

2nd place – When lambo?

Along with cosmic symbolism, the sign of the crypto trader’ success is Lamborghini, or, as it was fixed in the community, “lambo”. Why is this car, and not Ferrari or Tesla, is unknown. But you can always count how many coins you need to buy this sport car. For example, according to https://crypto-to-lambo.com/, the bitcoin owner will need only 36 coins.

When lambo telegrams ticker, Holytransaction

3 place – Just HODL

Being just some typos, the word hodl (instead of hold – hold), actively spread in the cryptocurrency community’ circles. However, later, it acquired its own meaning: «HODL», Hold on for dear life

Hodlit telegram sticker, Holytransaction

4th place – Mr Trader

Judging by the diversity of this set of stickers, the popular Mr. Trader went through all the charms of crypto market.

Telegram sticker Mr Trader, Holytransaction

5th place – Cryptolamb

Cryptolamb telegram sticker, Holytransaction

When it comes to the falling market, no one wants to be known as a “cryptolamb”. This slang characterizes an inexperienced trader who buys the currency at the last stages of growth, often during the pump, without discouraging initial costs.

 

And, at last, we will be honest, Telegram gives only those mailings on which the user is subscribed. There is no place to spam. The only weighty drawback is the number of channels in the phone of the cryptocurrency community member, which quickly grows to a very significant one, making it difficult to use the messenger for its intended purpose and turning it into a clogged news line.

This Article was provided by our friend Christopher Owen

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack

HolyTransaction adds ZRX

How about opening a Universal Wallet to hold and exchange your ZRX?
From today it is possible as we at HolyTransaction have decided to add ZRX to be among the many cryptocurrencies available on our multicurrency wallet and instant exchange.

So from now on you can store ZRX on HolyTransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from and to ZRX. All HolyTransaction customers can create a new address for their own 0x Token Wallet.


ZRX Wallet features

Just like Bitcoin and all the other 18 digital currencies supported, you can now:

• Send 0x Token to any address, even to addresses of other crypto, with instant conversion on the fly;
• Receive transactions;
• Exchange 0x Token with any supported coins;
• Make instant transactions between HT users;
• Get real time exchange rates on the website;
• Set OTP for additional protection.

If you are not able to see your newest ZRX Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.


What is 0x Project?
0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain. It is being used for streamline token trading in decentralized exchanges, executing off-chain orders via Ethereum powered smart contracts.
0x’s decentralized trading focuses on an off-chain ordering relay that cuts back on gas prices and reduces network bloat.  Only value transfers are executed on-chain, leaving all other trading commands to off-chain procedures.

The creators have imagined the world to go around the Ethereum blockchain, allowing assets to have everything from digital game items to stocks, gold, and fiat currencies. They imagined tons of different types of tokens, and an opportunity for improvement. There is a huge possibility that by 2020 thousands of assets will be tokenized. In the future, all cross-blockchain solutions will allow cryptocurrencies to freely and move between blockchains, without limits. So the 0x Team created a form where people interested in building a relayer can connect with one another.

Do you want to open your 0x Token wallet? Click here.
Open your free digital wallet here to store your cryptocurrencies in a safe place, while always being ready to exchange it instantly.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi
Vertcoin Wallet VTC HolyTransation

Vertcoin Wallet: HolyTransaction adds VTC

Want to open a Vertcoin wallet?
You’re at the right place, as we at HolyTransaction decided to add Vertcoin to our multi-currency wallet.
So from now on you can store VTC on HolyTransaction, transfer them to any other wallet, and make crypto-to-crypto transfers using Vertcoin along with 17 other cryptocurrency networks.
All HolyTransaction customers can create a new address for their own VTC wallet and take advantage of the user-friendly HolyTransaction platform to send or receive transactions and instantly convert them to other cryptocurrencies we currently support.

What is Vertcoin?
VTC is a digital currency that can be sent between people over the internet.
Vertcoin (VTC) stays true to the original vision of cryptocurrency: a financial system owned by its users, the people’s coin.
Vertcoin’s algorithm is designed to resist the development of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins.

Vertcoin Wallet features
Just like Bitcoin and all the other supported cryptocurrencies, you can now:
• Send Vertcoin to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
• Receive transactions;
• Exchange Vertcoin;
• Make instant transactions between HT users;
• Get real time exchange rates on the website;
• Set up OTP for additional protection.

To add Vertcoin to your wallet, click on the plus button on the top right of the balance page once you have logged into your wallet.

Do you want to open your Vertcoin wallet? Click here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi
Creativechain Wallet on HolyTransaction

Creativecoin Wallet: HolyTransaction adds CREA

Creativechain Wallet on HolyTransaction
Do you want to open a Creativecoin wallet?

You are in the right place, as we at HolyTransaction decided to add this cryptocurrency among the crypto available on our multicurrency wallet.

So, from now on you can store Creativecoin on Holytransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from/to Creativecoin, and ten more cryptocurrency’s networks.

All HolyTransaction customers can create a new address for their own CREA Wallet and use the user-friendly HolyTransaction Wallet platform to send and receive transactions or to instantly convert them to any other cryptocurrency we currently support.

Creativecoin Wallet features

Just like Bitcoin and all the other supported digital currencies, you can now:

  • Send Creativecoin to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange Creativecoin with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

If you are not able to see your newest Creativecoin Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

What is Creativecoin?

Creativechain has created its own coin called Creativecoin (CREA), the first cryptocurrency designed to meet the needs of all creative communities that produce and distribute digital content.

Creativechain is a decentralized platform for the registration and distribution of multimedia content that proves in an indelible way the authorship and license of any work or creation.

Imagine a social network of content exchange like Facebook, Spotify or Youtube totally decentralized, without managers or intermediaries, without censorship and with its own P2P system of electronic money based on its own cryptocurrency.

The technological innovative proposal of this platform also directly challenges the centralized power of traditional systems of copyright management entities.

The platform applies the power of attorney of blockchain technology to create incorruptible timestamps that certify the authorship of any digital work such as photos, videos, films, texts, electronic books, software or any digitizable file. Creativechain is presented as a public and transparent alternative of intellectual property registration according to the new times, in which there are so much cultural production circulating on the internet.

Blockchain technology opens up a universe of possibilities for the registration and distribution of intellectual property without intermediaries. The power of attorney along with the decentralized p2p distribution of digital content create a new paradigm shift in the era of digital culture.

So, do you want to open your CREA wallet? Click here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

HolyTransaction adds Pivx to its wallet

Do you want to open a Pivx wallet?

You are in the right place, as we at HolyTransaction decided to add this cryptocurrency among the crypto available on our multicurrency wallet.

So from now on, you can store Pivx on Holytransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from/to Pivx, and ten more cryptocurrency’s networks.

All HolyTransaction customers can create a new address for their own Pivx Wallet and use the user-friendly HolyTransaction Wallet platform to send and receive transactions or to instantly convert them to any other cryptocurrency we currently support.

Pivx Wallet features

Just like Bitcoin and all the other supported cryptocurrencies, you can now:

  • Send Pivx to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange Pivx with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

If you are not able to see your newest Pivx Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

What is Pivx?

Pivx (PIVX) is the acronym for Private Instant Verifiable Transaction.

The main goal of PIVX is to achieve near instant private transactions and a governance that helps sustain the network for the benefit of all of the users involved.

PIVX is an open source, privacy-focused, Proof of Stake crypto-currency. PIVX utilizes Proof of Stake 3.0 and an innovative Seesaw reward mechanism that dynamically balances 90% of its block reward between Masternodes and Staking nodes with the remaining 10% used for budgeting. The budget and protocol are managed through a decentralized governance system.

So, do you want to open your Pivx wallet? Click here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi
syscoin wallet

Syscoin Wallet: HolyTransaction adds this new cryptocurrency

Do you want to open a Syscoin wallet?

You are in the right place, as we at HolyTransaction decided to add this digital currency among the crypto available on our multicurrency wallet.

So, from now on you can store Syscoin on Holytransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from/to Syscoin, and ten more cryptocurrency’s networks.

All HolyTransaction customers can create a new address for their own Syscoin Wallet and use the user-friendly HolyTransaction Wallet platform to send and receive transactions or to instantly convert them to any other cryptocurrency we currently support.

Syscoin Wallet features

Just like Bitcoin and all the other supported digital currencies, you can now:

  • Send Syscoin to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange Syscoin with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

If you are not able to see your newest Syscoin Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

What is Syscoin?

Syscoin (SYS) is a digital currency that allows low-cost transactions (our fee is per transaction) and provides businesses a safe infrastructure for trading goods, assets, digital certificates, and data.

Syscoin’s value derived from the decentralized services it provides on the blockchain, a decentralized system of record hosted by a series of “nodes” on the Syscoin network.

Syscoin 1.0 was the first decentralized marketplace and a script algorithm altcoin based on Litecoin. The original whitepaper[3] included Decentralized Marketplace Creation, Decentralized Smart Contracts and Documents, Decentralized Certificate Issuance and Transfer and Decentralized Data Storage and Retrieval. Some of these services were available upon launch but only accessible through a command-line interface.

The original whitepaper included:

  • Decentralized Marketplace Creation,
  • Decentralized Smart Contracts and Documents,
  • Decentralized Certificate Issuance and Transfer
  • Decentralized Data Storage and Retrieval.

Syscoin presale began on July 19, 2014. Back at that time, the ICO price was .00000518 BTC/SYS and it raised 1500 BTC.

So, do you want to open your Syscoin wallet? Click here.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin regulation

Bitcoin regulation: EU to oversee digital currencies

Bitcoin regulation in Europe is moving forward after the decision of EU to fund a new tool.
This initiative about digital currencies surveillance is backed by $5m in funding from the EU and it involves a few government agencies and academic researchers including Interpol, Interior Ministries from Spain and Austria, Finland’s National Bureau of Investigation, and University College London.

In an official statement, members explained that the idea came because of the recent events of ransomware attacks all arount the world.

At the same time, those involved in the project argue not to violate user privacy rights.

“The consortium will analyse legal and ethical requirements and define guidelines for storing and processing data, information, and knowledge involved in criminal investigations without compromising citizen privacy,” said Ross King, senior scientist for the Austrian Institute of Technology (AIT) that is one of the research institutions involved in this project.

That the EU would take this approach is not surprising as they previously pushed aggressively for greater control on cryptocurrency users back in 2016, with the European Parliament following suit earlier this year.

Read more about bitcoin regulation in Europe by clicking here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin russia

Bitcoin Russia: a new law proposition by Russia’s Central Bank

The Bitcoin Russia saga is continuing to move on, as the Russia’s Central Bank is writing a new law focused on digital currencies.

Reports suggest that the Bank of Russia is looking to recognize digital currencies as digital goods, so they will be subjected to regular taxation.

Also, this law will include info on how the government will keep an eye on and regulate domestic marketplaces.

According to Bloomberg and RBC, in fact, deputy governor of the Bank of Russia, Olga Skorobogatova discussed her institution’s work on new legislation.

On May 25th, Skorobogatova explained that legislation could be introduced in the Russia’s national legislature – or the so- called Duma – in June.

Digital currencies “should be regulated, because volumes are increasing compared to the previous year. If people are engaged in this, they have to pay money for it, and we have to have a clear understanding of how to control this activity”, explained Skorobogatova, according to a recent report published by Bloomberg.

So, Russia is moving ever closer toward some kind of legislative framework for bitcoin and other digital currencies.

Initially, the government seemed to want to take a contrary stance on the creation of issuance of the money surrogates and Russian officials revealed their idea to ban bitcoin as illegal.

That position has changed during the recent months, and the enthusiasm on the blockchain started to increase among both officials from the Bank of Russia as well as the Russian government.

For example, Prime Minister Dmitry Medvedev pushed for research into public applications of the distributed ledger tech.

Read more about Bitcoin Russia regulation here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio