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Understanding Bitcoin Price

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How to understand Bitcoin price charts ?

No trader will be right 100% of the time while speculating on Bitcoin’s price, trend analysis is very risky. A general rule of investing, only invest what you can afford to lose and never put all of your eggs in one basket.

Bitcoin price charts are commonly portrayed as either a simple line graph or as a candlestick model. While the line graph presents information simply and quickly, the candlestick chart is the preferred info-graphic of Bitcoin traders.

When reading a simple line chart, match the time on the X-axis with the value on the Y-axis. Line charts show accurate price information over time in a way that is simple to read.

Candle diagrams utilize a more confused technique for displaying information. The green flame is known as a bullish light, which means the estimation of the advantage expanded all through the exchanging day, and the red candle is a bearish flame, which means the price of Bitcoin diminished all through the session. The open price is the price the asset traded for at the start of the trading session, and the close price is the price in which the asset was traded for at the end of the session. The open and close are exhibited by the shaded rectangle in the candle symbol on the graph. The high and low price on the diagram are set apart by the vertical lines that project from the rectangle on the chart. The spread is the difference between the high and low price. Talented brokers can purchase at the low price and offer at the high price or near it if the edge stays shut in scope, this is one of the essential strategies for benefitting from Bitcoin and is known as day exchanging. Like all contributing techniques, day exchanging includes risk of loss, so just exchange what you can bear to lose.

When you get into Bitcoin, you will eventually look at how Bitcoin is doing market-wise — and you might even keep track of other cryptocurrencies. There are several tools that are in every trader’s arsenal.

A good place to start looking is at market capitalizations, which is found by multiplying the price of each coin by its total supply. A good website for just doing this is http://coinmarketcap.com/. Besides showing market capitalizations, it also shows volume in USD of the last 24 hours, as well as 7 day graphs showing how the coin has been trending, whether positively or negatively.

If you click on the coin’s name, it will link to a block explorer, discussion thread, and a website. It likewise demonstrates more top to bottom charts, up to 30 days out.

There are commonly two sort of diagrams that you will go over, an ordinary value chart and a candle diagram. While a value diagram is less difficult, numerous dealers lean toward the candle chart as it demonstrates more data.

 

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Blockchain Technology can save Billions in digital advertising

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Approximately $14 billion of all mobile ad spent in 2017 was potentially fraudulent


Digital advertising industry is fighting with problems like Fraud, lack of control over data privacy and extreme complexities in supply chain.On one side advertisers are losing money in ad frauds and on the other side they can’t even control their own ads due to problems in supply chain , related to middleman and third parties.

Digital advertising industry needs transparency and what’s better than Blockhain Technology!

Blockchain technology can help digital advertising industry in many ways, here are some important ways through which Blockchain Technology can resolve these issues of transparency and trust.

Data Protection 

Cambridge Analytica fiasco took everyone by surprise, facts were shocking and after that users are cautious than ever, governments are trying their bit to improve the security of users with initiatives like General Data Protection regulation but that’s not enough. Data privacy is still a big issue because people tend to enter their personal information on multiple websites and that makes their privacy more vulnerable as security breach in any one of those websites can lead to stolen data.

Blockchain Technology provides them opportunity to store their sensitive information at a safe place. One of the best examples of this technology would be a highly encrypted decentralized data base for personal information that eliminates the need of reentering the same data and information multiple times. People can access their information with a private key and they can decide themselves what to share and with whom, making this entire process more secure and transparent. Advertisers on the other hand can use this technology to show users how their information is being used so that they can build trust with the users.

Fraud Prevention 

Ad fraud is one of the biggest problems digital advertising industry in facing, exact numbers of ad fraud may vary from source to source, but it has been estimated that in 2017, as much as 36% of the digital traffic was fraudulent and as much as $40 billion were spent on mobile advertising, so around $14 billion of all mobile ad spent in 2017 was potentially fraudulent.

A digital ledger of transaction enabled by Blockchain Technology is the solution for this problem. Each transaction of the digitized product is stored on that ledger and no one can fake or change the fact. Every transaction is recorded only when all parties agree. The ledger is decentralized which means no single party can influence the ledger in negative manner. This process brings transparency and advertisers can easily monitor where ads are going and what’s happening to them.

Improved Supply Chain 

In good old days, advertising supply chain was a simple process but not anymore, digital advertising supply chain is a complex phenomenon now, 3rd parties, advertising agencies, middleman came into the industry and made the entire process difficult to understand for advertisers, and these days most of the advertisers don’t even know what’s happening to their ads and they feel that they are losing their control over ads. Decentralized ledger can help all the parties and will be able to record each and every party involved in the process from advertisers to publishers. This process will enable advertisers to regain control over their ads with transparency.

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Tether is the winner in this bear market

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Crypto market is suffering from one the worst phases since it’s inception and almost every crypto currency is down this year. Tether, a coin which is often referred as a Stablecoin and known as the safe heaven crypto currency is the actual winner in this rough patch.

Market cap of this crypto currency increased significantly since start of the year, at the start of 2018, market cap of Tether was around $1.38 billion, which is now at around $2.8 billion, shows more than 100% growth in market cap.

According to the official website of Tether, it is a token which is backed by the actual fiat currency assets in US dollars, Euro and they are also looking forward to introduce Japanese Yen as well, covering all the major fiat currencies in the world.

Tether provides protection from volatility in the wild crypto market and that’s why people refer Tether as a stable coin or a safe heaven currency, just like Dollar in the real world. But, the thing is that the main purpose of a crypto currency or a token is to get rid of the Fiat currencies and the banks in order to make the entire process and ecosystem decentralized, with backing of Fiat currencies, Tether is breaking that concept and vision of free market, so that’s why critics of Tether don’t recommend usage of Fiat based token.

There’s another side of the story as well, in this volatile market where price movement of 20% in a day is just like a normal day, market needs at least one currency which is stable so that they can use that for transactions, tether is helping in that sense, exchanges, ATM’s , wallets and other players in the crypto market can now use Tether for stable transactions because there is so much volatility in the crypto market that they can’t even process transactions in the volatile market making it more difficult for the businesses to operate with volatile tokens, increasing market cap and acceptability shows that businesses are not only using Tether but they are also encouraging usage for retail clients as well. Steady growth of Tether helped this token to gain the 8th position in coinmarketcap rankings.

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52% of ICO’s failed in 2017

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According to the data compiled by Fabric ventures and Token Data, 52% of ICO’s failed in year 2017, and only 48% of them were successful.

A Total of $5.6 billion was raised by ICO’s in 2017, making it the most beneficial year for ICO founders ever, although project success ratio has dropped.

Number of successful ICO’s in 2017 were 435 with average funding of $12.7 million

10 largest projects raised 25% of total ICO’s funding 

worrying sign is that return on investment for new investors in the market is on downtrend.

Venture capital fund Fabric Ventures and cryptocurrency data provider TokenData shared the figure in their “State of the Token Market” report. 2017 saw a huge boom in companies raising money by issuing their own digital currencies, which are structured similarly to bitcoin, in return for funds to build their business. These “coins” can then be traded freely on online exchanges, offering greater liquidity to investors than traditional equity investment.

“More than $5.6 billion of capital was raised in 2017 according to the metrics used by the TokenData team,” the report says. “This compares to $1 billion of ‘traditional’ venture investing in blockchain startups in the same time frame and a ‘mere’ $240 million raised by token sales in 2016.”

ICO

Fabric Ventures and TokenData found 435 successful ICOs out of an attempted 913 last year — meaning just 48% were successful.

The average amount raised was $12.7 million but the report notes: “Collectively, the 10 largest sales raised close to $1.4 billion and roughly 25% of the total capital raised in 2017.”

Almost a third of funding went towards blockchain infrastructure projects. The biggest ICO of last year was Filecoin, a project to build a decentralized data storage solution based on the blockchain. The project raised $257 million in September.

The majority of people investing in these ICO projects have been retail or small-time investors but institutions are increasingly looking at ICOs due to their eye-catching returns.

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