×

JOIN OUR PROMOTION NOW

Promotion Image

FOR THE 10 FASTEST FRIENDS.

Education For New Members


What is address?

Much like an address in the real world, or a website, an address on the blockchain relates to the string of text given to identify a particular place or user. More specifically it is the string of text that designates the location of a particular wallet on the blockchain, that can be used to send or receive digital assets from.

All blockchains have wallet addresses in some form, and most take the form of a long string of letters and numbers in a line of text that is difficult for a human to interpret but easily understood by a computer network.

For example, a Bitcoin address will look something like the following:
1CKa7k7RtaV4TRRcnjciVndBS8hNG1G9ip

Given the public nature of most blockchains, it is possible to see how much, and which type, of digital assets most wallets contain - though this is not true for private blockchains or privacy-focused cryptocurrencies such as Monero.

Most cryptocurrency addresses on a blockchain network are fairly anonymous as no personally identifiable information is required when setting up a new wallet address on the blockchain. However, they are not completely anonymous and some addresses are publicly known to be tied to people or institutions.

For instance, Vitalik Buterin has known Ethereum addresses that are publicly known. There are also Bitcoin addresses with large amounts of BTC that are known to belong to Satoshi Nakamoto.

Public blockchains are susceptible to being tracked by anyone, and there are many software and tools that are used to monitor cryptocurrency wallets, tracking the in and out flow of digital asses.


Continue Reading

What is Altcoin?

Altcoin is the term given to describe alternative digital assets, such as a coin or token that is not Bitcoin. This nomenclature comes from the idea that Bitcoin is the original cryptocurrency and that all others are then considered alternative coins.

The term altcoin is also used quite broadly to refer to digital assets that would also technically be referred to as “tokens” rather than coins. The best-known examples are the ERC-20 tokens that exist on top of the Ethereum blockchain.

Since the creation of Bitcoin in 2008, more than 2,000 alternative cryptocurrencies were deployed. In fact, many of these altcoins were created as modified copies of Bitcoin, through a process known as Hard Fork. Despite sharing some similarities, each altcoin has its own functionalities.

The altcoins that were forked from Bitcoin often present a similar mining process, which relies on the Proof of Work consensus algorithm. However, there are several other cryptocurrencies experimenting with alternative methods of reaching consensus within distributed blockchain networks. The Proof of Stake consensus algorithm is the most common alternative to Proof of Work, but other notable examples include the Delegated Proof of Stake, Proof of Burn, Proof of Authority, and Delayed Proof of Work consensus algorithms.


Continue Reading

A Guide to Crypto Collectibles and Non-fungible Tokens (NFTs)

Introduction

The creation of Bitcoin introduced the concept of trustless, digital scarcity. Before it, the cost of digitally copying something was next to nothing. With the advent of blockchain technology, programmable digital scarcity has become possible – letting us map the digital world to the real world.
Non-fungible tokens (NFTs), often referred to as crypto collectibles, expand this idea. Unlike cryptocurrencies, where each token is equal, non-fungible tokens are unique and limited in quantity. 
NFTs are a key building block in a new, blockchain-powered digital economy. Numerous projects have experimented with NFTs in a variety of use cases, including gaming, digital identity, licensing, certificates, and fine art. What’s more, NFTs even allow for fractional ownership of high-value items. 
NFTs have become much easier to issue, and we’re seeing increasing amounts minted daily.  This article will dive into what NFTs are, what they can be used for, and how a game called CryptoKitties congested the Ethereum blockchain in late 2017.


What is a non-fungible token (NFT)?

A non-fungible token (NFT) is a type of cryptographic token on a blockchain that represents a unique asset. These can either be entirely digital assets or tokenized versions of real-world assets. As NFTs aren’t interchangeable with each other, they may function as proof of authenticity and ownership within the digital realm.
Fungibility means that an asset’s individual units are interchangeable and essentially indistinguishable from each other. For example, fiat currencies are fungible because each unit is interchangeable with any other equivalent individual unit. A ten-dollar bill is interchangeable with any other genuine ten-dollar bill. This is imperative for an asset that aims to act as a medium of exchange. 
Fungibility is a desirable property for currency because it enables free exchange, and theoretically, there is no way to know the history of each individual unit. However, that isn’t a beneficial trait for collectible items. 

What if we could create digital assets similar to Bitcoin but instead add a unique identifier to each unit? This would make each of them different from all the other units (i.e., non-fungible). Essentially, this is what an NFT is.


How do NFTs work?

There are various frameworks for the creation and issuance of NFTs. The most prominent of these is ERC-721, a standard for the issuance and trading of non-fungible assets on the Ethereum blockchain.
A more recent, improved standard is ERC-1155. It enables a single contract to contain both fungible and non-fungible tokens, opening up a whole new range of possibilities. The standardization of the issuance of NFTs allows a higher degree of interoperability, which ultimately benefits the users. It basically means that unique assets can be transferred between different applications with relative ease. 
Binance Smart Chain (BSC) has its own NFT standards: BEP-721 and BEP-1155. These two provide similar functionality to the previously mentioned Ethereum standards. Both have become attractive for creators looking to mint NFTs as the cost is substantially lower than Ethereum. 

If you are looking to store and gaze upon the beauty of your NFTs, you can do that in Trust Wallet. Just like other blockchain tokens, your NFT will exist on an address. It’s worth noting that NFTs can’t be replicated or transferred without the owner’s permission – even by the issuer of the NFT.
NFTs can be traded in open marketplaces, including  Treasureland, BakerySwap, and Juggerworld on BSC, and OpenSea on Ethereum. These markets connect buyers with sellers, and the value of each token is unique. Naturally, NFTs are prone to price changes in response to market supply and demand. 
But how can such things have value? Just like with any other valuable item, the value isn’t inherent to the object itself but is rather assigned by people who deem it valuable. In essence, value is a shared belief. It doesn’t matter if it’s fiat money, precious metals, or a vehicle – these things have value because people believe they do. This is how every valuable item becomes valuable, so why not digital collectibles?

What can NFTs be used for?

NFTs can be used by decentralized applications (DApps) to issue unique digital items and crypto-collectibles. These tokens can either be a collectible item, an investment product, or something else. 
Gaming economies are nothing new. And since many online games have already had their own economies, using blockchain to tokenize gaming assets is taking only a step further. In fact, the use of NFTs could potentially solve or mitigate the common problem of inflation that many games have.

While virtual worlds are already flourishing, another exciting use of NFTs is the tokenization of real-world assets. These NFTs can represent fractions of real-world assets that can be stored and traded as tokens on a blockchain. This could introduce some well-needed liquidity to many markets that otherwise wouldn’t have much, such as fine art, real estate, rare collectible items, and many more.
Digital identity is also a sector that can benefit from the properties of NFTs. Storing identification and ownership data on the blockchain would increase privacy and data integrity for many people around the world. At the same time, easy and trustless transfers of these assets could reduce friction in the global economy.

How do I make NFTs?

Creating your own NFTs on either BSC or Ethereum is a simple process offered by numerous platforms and NFT exchanges. All you need to get started is some crypto to pay your minting fee and something to turn into an NFT. You’ll also need to choose between minting your NFT on Ethereum or Binance Smart Chain.

Ethereum has traditionally been the home of NFTs and their development. It has a large user base and well established NFT community, but transaction fees are very costly. This makes small purchases, sales, and transactions costly for users. BSC is a newer blockchain but has already seen a lot of growth in its NFT markets. Transactions are also much cheaper.

Our guide on How to Make Your Own NFTs will teach you the process of turning your creations into non-fungible tokens.

How do I buy NFTs?

As we mentioned, NFT marketplaces are the first place you should look if you want to buy non-fungible tokens. But that’s not all the information you need. You can’t just buy NFTs with a credit card or PayPal. A crypto wallet and some crypto are essential to the process.

For Binance Smart Chain NFTs, prices will almost always be in BNB. Ethereum NFTs will typically use ether (ETH). Both of these cryptocurrencies are available to buy on the Binance exchange. Once you’ve purchased your chosen crypto, move the funds to a wallet that can interact with NFT marketplaces.
Binance Chain Wallet and MetaMask are good options for browser extension wallets. Both can be connected to an NFT marketplace. You just need to transfer your crypto from Binance to your wallet, go to the marketplace’s website, and connect your wallet (the connect button is usually in the top right corner). Be careful with fake or suspicious websites. Double-check the URL and consider bookmarking if you use it often.
If you prefer a mobile experience, take a look at Trust Wallet. It’s available for both iOS and Android and also supports multiple blockchains. Don’t forget that interacting with Ethereum and BSC isn’t free! It’s always worth having some extra crypto for paying transaction fees.


The story of CryptoKitties and Ethereum 

One of the first NFT projects to gain significant traction was CryptoKitties, a game built on Ethereum that allows players to collect, breed, and exchange virtual cats.



Each CryptoKitty can have a combination of several different properties, such as age, breed, or color. As such, each of them is unique, and they can’t be interchanged with each other. Also, they are indivisible, meaning that there’s no way to divide a CryptoKitty token into smaller parts (such as the gwei for ether).
CryptoKitties gained some notoriety after it congested the Ethereum blockchain due to the high activity it stirred up on the network. An estimated 25% of Ethereum’s traffic in December 2017 was related to these collectible cats. It’s clear that the game caused a big impact on the Ethereum network, but other factors also contributed to it, including the Initial Coin Offering (ICO) boom.
CryptoKitties is an early example of a blockchain use case that isn’t a currency, but something used for recreation and leisure. Collectively, these virtual cats moved millions of dollars, and some of the rare units were sold for hundreds of thousands of dollars each.

Popular projects using NFTs and crypto collectibles
Many different projects already use NFTs as collectible and tradable items. Let’s go through a selection of some of the most popular ones.

Decentraland
Decentraland is a decentralized virtual reality world where players can own and exchange pieces of virtual land and other in-game NFT items. Cryptovoxels is a similar game where players can build, develop, and exchange virtual property.

Alchemy Toys
Alchemy Toys is a BSC game that uses NFTs to represent toys with unique serial numbers. Players can choose to collect these toys as NFTs, combine them to create higher-level toys, or sacrifice (burn) them to the gods. The toys are tradeable, adding a financial aspect and giving the game an associated market.

To win the game, a player needs to collect all 127 toys and sacrifice them to “attain enlightenment.” The first player to attain enlightenment in each round (epoch) gets a share of the temple treasure (paid in BNB).


PancakeSwap
PancakeSwap is BSC’s most used automated market maker by volume, and it has one of the most popular NFTs. The project releases collectible bunnies in giveaways and competitions to the platform’s users. Some are purely decorative, and others are exchangeable for CAKE, the platform’s native token.


Gods Unchained

Gods Unchained is a digital collectible card game where cards are issued as NFTs on the blockchain. Since each digital card is unique, players can own and trade them with the same level of ownership as if they were physical cards.


CryptoPunks

CryptoPunks are collectible pieces of digital art, each one depicting a unique, 8-bit-style NFT character. The project was an inspiration for the ERC-721 token standard and was one of the first examples of a crypto art craze. CryptoPunks have since sold for millions of dollars and inspired many similar projects around the world.

My Crypto Heroes

My Crypto Heroes is a multiplayer role-playing game (RPG) where players can level up historical heroes through quests and battles. The heroes and in-game items are issued as tokens on the Ethereum blockchain.


Binance Collectibles & NFTs

Binance gives out NFTs in special giveaways, as well as to users based on their Binance activity. From trading futures to Pizza Day NFTs, you can regularly get your hands on Binance collectibles that are also tradeable.


Binance Collectibles is another example. These are NFTs issued in collaboration with Enjin. If you’d like to get your hands on one, make sure to follow Binance on Twitter and look for the next giveaways! If you’d like to participate in an NFT giveaway, follow these short steps:
1. Download a wallet that supports Ethereum, such as Trust Wallet. 

2. Copy your Ethereum address and provide it according to the giveaway rules. You might have to submit it through a form or leave it as a Twitter comment. Be sure to double-check the rules to know what you need to do to enter.

3. If you’ve won an NFT and it’s been distributed, you’ll see it under the Collectibles tab in Trust Wallet. From then on, you can choose to either HODL or sell at a P2P marketplace.

The Binance NFT Marketplace allows users to mint and trade NFTs of their own creation. It includes exclusive NFTs from famous creatives around the world, such as the musician Lewis Capaldi and crypto artist Trevor Jones. The platform also offers royalties to creators for any subsequent sales through the marketplace.

Crypto Stamps

Crypto Stamps are issued by the Austrian Postal Service and connect the digital world to the real world. These stamps are used to transport mail like any other stamp. But, they are also saved as digital images on the Ethereum blockchain, making them a tradable digital collectible.


Closing thoughts

Digital collectibles open up blockchain technology to whole new avenues outside of conventional financial applications. By representing physical assets in the digital world, NFTs can be a vital part of the blockchain ecosystem and the wider economy.

The use cases are vast, and it’s quite likely that many developers will come up with new and exciting innovations for this promising technology.


Continue Reading

Amazon To Integrate Bitcoin Payments And Launch Its Own Token By 2022, Insider Confirms

The rumors that Amazon might be dabbing into Bitcoin and crypto payments are strengthening. The e-commerce titan is looking for a Digital Currency and Blockchain Product Lead, according to a job posted on their website.

As Bitcoinist reported, Amazon wants someone with the capacity to “innovate within the payments and financial system” and would be part of their Payments Acceptance & Experience Team.

Buy Crypto On Binance Exchange (Number 1)

In collaboration with other departments, the crypto Product Lead would need to use their experience with Bitcoin, Blockchain and Distributed Ledger technology, central bank digital currencies (CBDCs) to create a strategy and vision.

Thus, Amazon would gain “leadership buy-in” for these capabilities. The job post reference services, customer experience, and a complete technical strategy to support the project.

According to the news website City A.M., an “insider” has confirmed that Amazon is “definitely” looking to launch Bitcoin and crypto payments by the end of the current year. In addition, the e-commerce giant could launch its own token by 2022.

Register Courses At Stock Investing Academy.

The insider told the news website that Amazon has a plan that goes beyond their Digital Currency and Blockchain Product Lead job. The source said:

This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work.

Bitcoin Key For Crypto Payments On Amazon, Will They Integrate ADA and Ethereum?

The insider added that the project has the approval from the “very top”, Amazon’s executive chairman and founder Jeff Bezos himself.

It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top…
The project is “pretty much ready to roll” and will start with Bitcoin but will not be exclusive to it.  Amazon executives are apparently “keen” to explore payments with other cryptocurrencies in the top 10 by market cap. This second phase would be launch once they had “established a fast and secure method of” crypto payments.

Ethereum, Cardano and Bitcoin Cash will be next in line before they bring about eight of the most popular cryptocurrencies online. It won’t take long because the plans are already there, and they have been working on them since 2019.
A final stage will involve the creation and launch of an Amazon native token. The company has been allegedly experimenting with cryptocurrencies to pay for goods for around a year and founds feasibly to head towards “tokenization”.

This then becomes a multi-level infrastructure where you can pay for goods and services or earn tokens in a loyalty scheme. There’s little more to it, for now, but you can guarantee the Bitcoin plan will be monitored closely as opportunities with Amazon’s own version of a crypto will be explored.
Amazon has not made an official statement on its supposed crypto project. Thus, anything remains as a rumor and speculation until official confirmation and should be taken with caution.

At the time of writing, Bitcoin trades at $34,003 with a 7.6% profit in the daily chart.


Source: Bitcoinist


Continue Reading

Bitcoin Pizza

Bitcoin Pizza is the name given to the first known purchase of physical goods with bitcoin.
On May 22nd, 2010, a programmer named Laszlo Hanyecz made a post on Bitcointalk, the only Bitcoin forum in existence at that point. Hanyecz wrote: 
I’ll pay 10,000 bitcoins for a couple of pizzas.. Like maybe 2 large ones so i have some left over for the next day

At the time, 10,000 BTC was equivalent to approximately 41 USD. This equals to a Bitcoin price of about 0.0041 USD. Hanyecz’s offer was taken up by another Bitcointalk user, who paid 25 USD for the two pizzas, netting a whopping 16 USD profit even at the time! 

Now, let’s put this into perspective a bit and fast forward about seven years. In April 2021, Bitcoin was trading around 60,000 USD. At that point, the Bitcoin Pizza transaction was worth 600,000,000 USD.

Thanks to this now-fabled transaction, May 22nd has since been known as Bitcoin Pizza Day.

Hanyecz acquired the coins through mining on his laptop. Back then, mining on even consumer-grade hardware was a completely sensible method of acquiring bitcoins. Since then, Bitcoin mining has become a highly competitive industry. Large mining firms spend millions of dollars on developing specialized mining hardware, such as ASICs.
Hanyecz has stated in interviews that he does not regret using 10,000 BTC to purchase two pizzas. Back then, Bitcoin was an obscure Internet phenomenon only followed by a handful of enthusiasts. Using cryptocurrency to buy a physical good seemed more far-fetched than it does today. At that point, this transaction may have even looked like a bargain! Undoubtedly, the world of cryptocurrencies has come a long way since then.
In 2018, Hanyecz used the Bitcoin Lightning Network to buy two pizzas for 0.00649 BTC.


Continue Reading

How Does Binance P2P’s Escrow Service Work?

An escrow service is an arrangement in which a trusted third party handles the exchange of goods or assets between the transacting parties, ensuring safety and fair trading. Binance P2P is a peer-to-peer trading market where you can safely trade crypto in exchange for your local currency. Binance P2P’s escrow service safeguards every transaction, giving traders peace of mind. 

Once the buyer places an order, the seller’s cryptocurrency will automatically be transferred from the seller’s wallet to the temporary deposit with Binance P2P’s escrow service. The cryptocurrencies will be held in the deposit guarantee until the transaction is successfully completed by both parties.

How does Binance P2P escrow service work?
Step 1: Place your order 
Place an order to buy or sell cryptocurrency. The crypto will be held by Binance P2P temporarily until the operation is successfully completed.

Step 2: Start a conversation 
Start a conversation with the seller or buyer. When you are trading with a counterpart that you do not know, we recommend that you use the chat to communicate with him/her. The chat history will be essential if there is a dispute with your counterpart and you make an appeal. 

Step 3: Make the payment or release the cryptocurrencies
If you are a buyer, make the payment and notify the seller that you completed the payment. Click the "Confirm" button to notify the seller that you made the payment. If you are a seller, wait for the buyer's payment confirmation before releasing the crypto.

Step 4: The transaction was successful or the counterparty was not responding
In most cases, when everything goes smoothly, the buyer pays and the seller releases the crypto, but what happens if the counterpart was not fair? In other words, the buyer did not transfer the money or the seller did not release the crypto after the buyer made the payment. In these cases, you need to open an appeal, click on the "appeal" button. Now is when the escrow service comes into play and this is why the crypto was temporarily held.

How does Binance P2P escrow service help crypto sellers? 
If the cryptocurrency buyer did not make the payment, Binance P2P's escrow service will return the cryptocurrency to the seller when the time for negotiation is over.

How does Binance P2P escrow service help buyers?
If the buyer made the payment but the seller did not release the cryptocurrency, the buyer can open an appeal to notify Binance's customer service that the counterparty did not release the crypto. If you are the buyer, please provide as much evidence as you can, receipt of payment, or screenshots of the conversation you had with the seller, and once our customer service confirms the payment is made, we can release the crypto to your account. 

Why is the escrow service so important?
The escrow service protects Binance’s users from scammers. If a user tries to convince you to make a deal outside the Binance P2P platform, ignore the suggestion and open an appeal. If you make a deal outside the platform we cannot protect you.  

Imagine that you want to buy cryptocurrency and you find an offer at a competitive price but the seller seems new to the platform, with zero completed orders. How can you be sure that the seller will transfer the cryptocurrency to your wallet? 

The escrow service aims to solve this type of situation, by holding the cryptocurrency in a deposit. When there is no agreement and the counterpart opens an appeal, Binance’s customer service will analyze both the buyer's and the seller's stories. If the buyer wins the appeal, the cryptocurrency will be released to his wallet. However, if he loses the appeal, the cryptocurrency will go to the seller’s wallet. 

While the cryptocurrency is in the deposit, users can trade safely without the risk of losing money. Whatever amount of money you trade, all amounts are important to Binance P2P

Frequently Asked Questions about the Binance P2P escrow service 
What happens if, after making the payment, the seller does not answer and does not release the cryptocurrency?
The buyer can file an appeal if the seller is not responding to chat messages or not releasing the cryptocurrency. Our customer support team will evaluate the situation, contact both the parties, and release the crypto to the fair party. 

When an appeal is opened, how long will the funds be frozen?
Our customer service works 24/7. The funds will be unblocked as soon as the dispute between the parties is resolved and this depends on the complexity of each case and the verification of the evidence provided by both parties. The waiting time can range from a couple of hours to days.

What happens if the buyer marks the transaction as paid but the seller has not received the funds?
If the buyer marks the order as paid without actually making the payment, the seller can appeal and our customer support team will cancel the transaction after verifying with both the parties. Upon cancellation, the seller will receive the cryptocurrency back in the wallet.


Source: Binance


Continue Reading

10 Steps to Becoming a Day Trader

1. Conduct a Self-Assessment
Successful day trading requires a combination of knowledge, skills, and traits as well as a commitment to a lifestyle. Are you adept with mathematical analysis, full of financial knowledge, aware of behavioral psychology (in yourself as well as others), and do you have the stomach for entrepreneurship? Contrary to the perceived notion of an easy life or easy money, day trading actually requires:
  • Long working hours
  • Very little leave from work
  • Continuous self-learning with no guidance
  • Risk-taking abilities
  • Never-ending commitment to daily activities of the job
The right mindset is the most important (and the very first) requirement in becoming a day trader. Unless you are prepared to devote time, self-learn, and be mentally prepared to take risks and suffer losses, do not try day trading. Books like Trade Your Way to Financial Freedom by Van K. Tharp and The Psychology of Trading by Brett N. Steenbarger are good resources for learning more about day trading and performing a self-assessment.

2. Arrange Sufficient Capital
No one can generate profits consistently. Intermittent and extended losses are part of the day trading game. (For example, a day trader may suffer eight loss-making trades in a row and only recover with profit on the ninth trade.)
To handle these risks, a day trader must have a sufficient cushion of capital. As Van K. Tharp explained in Trade Your Way to Financial Freedom, entering the trading world with only a small amount of money is a sure path to failure. Before quitting your job to trade full time, Tharp recommends having at least $100,000 for trading.1 Novices can start with smaller amounts, depending upon their selected trading plan, the frequency of trading, and other costs they bear. To actively day trade, it is required that you maintain a balance of $25,000 in your trading account.2

3. Understand the Markets
Day traders need a solid foundation of knowledge about how the markets function. From simple details (like exchange trading hours and holidays) to complex details (like the impact of news events, margin requirements, and allowed tradable instruments), a trader needs to have a broad knowledge base.

4. Understand Securities
Stocks, futures, options, ETFs, and mutual funds all trade differently. Without a clear understanding of a security’s characteristics and trading requirements, initiating a trading strategy can lead to failure. For example, traders should know how margin requirements for futures, options, and commodities significantly impact trading capital or how an interim assignment or exercise of an option position can shatter the trading plan completely.

Lack of knowledge about these necessities specific to securities can lead to losses. Aspiring traders should ensure full familiarity with the trading of selected securities.

5. Set up a Trading Strategy
Novice traders entering the world of trading can begin by selecting at least two established trade strategies. Both would act as a backup of each other in case of failure or lack of trading opportunities. One can move on to a greater number of strategies (with more complexities) later, as experience builds up.

The trading world is highly dynamic. Trading strategies can consistently make money for long periods but then fail at any time. One needs to keep a close eye on the effectiveness of the selected trading strategy and adapt, customize, dump, or substitute it depending upon the developments.

6. Integrate Strategy and Plan
Selecting the right trading strategies alone is not sufficient to succeed in the market. The following considerations need to complement the strategy to come up with the trading plan:
  • How the strategy will be used (entry/exit strategy)
  • How much capital will be used
  • How much money per trade will be used
  • Which assets will be traded
  • How frequently to place trades
7. Practice Money Management
Let’s say you have $100,000 as trading capital and an excellent trading strategy that offers a 70% success rate (seven trades out of 10 are profitable). How much should you spend on your first trade? What if the first three trades are a failure? What if the average record (seven profitable trades out of 10) no longer holds? Or, while trading futures (or options), how should you allocate your capital to margin money requirements?
Money management helps you address these challenges and estimate your potential profitability. Effective money management can help you win even if there are only four profitable trades out of 10. Practice, plan, and structure the trades according to a designated money management and capital allocation plan.

8. Research Brokerage Charges
Day trading usually involves frequent transactions, which result in high brokerage costs. After thorough research, select the brokerage plan wisely. If one intends to play with one or two trades per day, then a per trade basis brokerage plan would be appropriate. If the daily trading volume is high, go for staggered plans (the higher the volume, the lower the effective cost) or fixed plans (unlimited trades for a fixed high charge).

Apart from trade execution, a broker also offers other trading utilities, which include trading platforms, integrated trading solutions like option combinations, trading software, historical data, research tools, trading alerts, and charting applications with technical indicators and several other features. Some features may be free while some may come at a cost that can eat into your profits.

It is advisable to select the features depending upon your trading needs and avoid subscribing to ones that are not needed. Novices should start with the low-cost basic brokerage package matching their initial trading needs and later opt for upgrades to other modules when needed.

9. Simulate and Backtest
Once the plan is ready, simulate it on a test account with virtual money (most brokers offer such test accounts). Alternatively, one can backtest the strategy on historical data. For a realistic assessment, keep consideration for brokerage costs and the subscription fee for various utilities.

10. Start Small and Then Expand
Even if you have sufficient money and sufficient experience, don’t play big on the first trades of a new strategy. Try out a new strategy with a smaller amount and increase the stakes after tasting success. Remember, markets and trading opportunities will remain forever, but money, once lost, may be difficult to reaccumulate. Start small, test to establish, and then go for the big ones.


Continue Reading

Some good titles for those involved in financial investment.

1. Pay back time.
2. Nhà đầu tư thông minh.
3. Bộ sách cha giàu cha nghèo.
4. Chiến tranh tiền tệ.
5. Lột Xác Để Trở Thành Nhà Đầu Tư Giá Trị
6. Nghệ thuật đầu tư Dhandho
7. Trên đỉnh phố Wall 
8. Warren Buffett – Quá trình hình thành một nhà đại tư bản Mỹ 
9. Phương Pháp Mới Để Giao Dịch Kiếm Sống 
10. Người Đàn Ông Đánh Bại Mọi Thị Trường: từ sòng bạc Las Vegas tới phố Wall – Edward Thorp 
11. Hệ thống giao dịch Ichimoku Charts – Nicole Elliott 
12. Hướng Dẫn Giao Dịch Theo Sóng Elliott – Wayne Gorman, Jeffrey Kennedy


Continue Reading

Binance Smart Chain (BSC) Receives $1 Billion to Bring the Next 1 Billion Crypto Users

Binance categorized the fund into 4 different groups, each aiming at different challenges and goals.

$100 Million Talent Development

A total of $100M funds are reserved for Talent Development which includes mentoring developer communities, educating new crypto investors, providing academic scholarships to universities, running boot camps, and supporting R&D on cutting-edge blockchain innovations around cryptography, multi-party computing (MPC), high-performance consensus protocols, cross-chain & multi-chain infrastructure, RegTech & Deep Analytics, and more. We want to raise a generation of crypto-native professionals that will spread across the industry and push blockchain adoption forward.

$100 Million Liquidity Incentive Program

The Liquidity Incentive initiative will run multiple programs to encourage participation from traditional financial markets and crypto, including but not limited to:

  • Provide liquidity rewards to the specific protocols based on Innovation, TVL, active users, or trading volumes. E.g., In Q4, Advanced DeFi is one of the most demanding dApps in the BSC ecosystem, and Derivatives projects like MCDEX.io and Deri.finance will be the first pilots to join this liquidity reward program.
  • Provide flexibility and support for professional traders and institutions to provide more liquidity in DeFi protocols. For instance, more contribution in liquidity pools in Automated Market Makers,  borrowing and lending in money markets, yield farming in vaults, higher arbitrage gains, and more.
This will be targeted to developing compliant relationships between investors and evolving emerging digital asset markets. A total of $100M funds are reserved under the Liquidity Incentive initiatives.

$300 Million Builder & Incubation Program

The Builder Program will be boosted with an additional $300M.  Out of which $100M will be utilized to conduct regional and global hackathons, white hackers benefiting joint bug bounty programs, running developer conferences, and supporting existing mainstream development programs. The Most Valuable Builder (MVB) program is already becoming one of the best incubation programs.  The remaining $200M will be used to expand MVB and incubate 100 innovative dApps and infrastructure provides building on top of BSC who will receive mentoring from top venture capital and technical support from the BSC core community.

$500 Million Investment Program

To accelerate mainstream adoption and to bring disruption to financial infrastructures, a total of $500M will be reserved. This fund will be utilized to grow decentralized computing, gaming, metaverse, virtual reality, artificial intelligence, and financial services, which will not be limited to BSC but also support all the blockchain infra. With collaborations from industry-leading organizations, the investment fund will target scaling blockchain technology for real-life use cases and will bridge the gap between crypto-blockchain and the current technical-financial sectors.

With a total of $1 billion in available funding, this is the world’s largest crypto accelerator. The program is designed to boost the growth and innovation of projects and bolster the wider community and create a crypto-native pool of talent that will pave the future of crypto. This program will take us one leap closer to making BSC the most inclusive and used blockchain infrastructure in the world, creating the new Internet of Value for everyone. We also hope that this program will benefit all the participants in the crypto market, whether it be through creating new talent or building new businesses and projects.


Continue Reading

What are Shares Outstanding?

Shares outstanding is a stock market term that refers to all of the available stocks currently available to be purchased and held by investors. Shares outstanding do not include the stock in the treasury that have been repurchased by the company, but instead only the ones that shareholders currently own. The figure can typically be found on a balance sheet under the heading “Capital Stock”, and can vary significantly over time.

As the company sells off new shares and then buys some back, the shares outstanding fluctuates, making it a great indicator for the current health of the business. For example, the shares outstanding of a company might increase if they decide to sell more shares to the public, while it would be expected to decrease in the event of the reverse. Companies are required to provide regular financial reports to their investors, which will include the shares outstanding.

Just because shares are outstanding doesn’t mean they’re open to the public. Some of stock available might be restricted, saved for specific executives, or otherwise protected. As long as it isn’t held within the company treasury though, it is still calculated with the rest of the shares outstanding. The shares outstanding is a figure worth knowing as it is a crucial component of properly calculating the earnings per share (EPS) and understanding market capitalization.


Continue Reading

5 Tips for Diversifying Your Portfolio

When the market is booming, it seems almost impossible to sell a stock for any amount less than the price at which you bought it. However, since we can never be sure of what the market will do at any moment, we cannot forget the importance of a well-diversified portfolio in any market condition.

For establishing an investing strategy that tempers potential losses in a bear market, the investment community preaches the same thing the real estate market preaches for buying a house: "location, location, location." Simply put, you should never put all your eggs in one basket. This is the central thesis on which the concept of diversification lies.

Read on to find out why diversification is important for your portfolio, and five tips to help you make smart choices.
KEY TAKEAWAYS
  • Investors are warned to never put all their eggs (investments) in one basket (security or market) which is the central thesis on which the concept of diversification lies.
  • To achieve a diversified portfolio, look for asset classes that have low or negative correlations so that if one moves down the other tends to counteract it.
  • ETFs and mutual funds are easy ways to select asset classes that will diversify your portfolio but one must be aware of hidden costs and trading commissions.
What Is Diversification?
Diversification is a battle cry for many financial planners, fund managers, and individual investors alike. It is a management strategy that blends different investments in a single portfolio. The idea behind diversification is that a variety of investments will yield a higher return. It also suggests that investors will face lower risk by investing in different vehicles.

Diversifying Your Portfolio: 5 Easy Steps
5 Ways to Help Diversify Your Portfolio
Diversification is not a new concept. With the luxury of hindsight, we can sit back and critique the gyrations and reactions of the markets as they began to stumble during the dotcom crash and again during the Great Recession.

1. Spread the Wealth
Equities can be wonderful, but don't put all of your money in one stock or one sector. Consider creating your own virtual mutual fund by investing in a handful of companies you know, trust and even use in your day-to-day life.


But stocks aren't just the only thing to consider. You can also invest in commodities, exchange-traded funds (ETFs), and real estate investment trusts (REITs). And don't just stick to your own home base. Think beyond it and go global. This way, you'll spread your risk around, which can lead to bigger rewards.


People will argue that investing in what you know will leave the average investor too heavily retail-oriented, but knowing a company, or using its goods and services, can be a healthy and wholesome approach to this sector.


Still, don't fall into the trap of going too far. Make sure you keep yourself to a portfolio that's manageable. There's no sense in investing in 100 different vehicles when you really don't have the time or resources to keep up. Try to limit yourself to about 20 to 30 different investments.


2. Consider Index or Bond Funds
You may want to consider adding index funds or fixed-income funds to the mix. Investing in securities that track various indexes makes a wonderful long-term diversification investment for your portfolio. By adding some fixed-income solutions, you are further hedging your portfolio against market volatility and uncertainty. These funds try to match the performance of broad indexes, so rather than investing in a specific sector, they try to reflect the bond market's value.


These funds are often come with low fees, which is another bonus. It means more money in your pocket. The management and operating costs are minimal because of what it takes to run these funds.


One potential drawback of index funds is their passively managed nature. While hands-off investing is generally inexpensive, it can be suboptimal in inefficient markets. Active management can be very beneficial in fixed income markets, especially during challenging economic periods.


3. Keep Building Your Portfolio
Add to your investments on a regular basis. If you have $10,000 to invest, use dollar-cost averaging. This approach is used to help smooth out the peaks and valleys created by market volatility. The idea behind this strategy is to cut down your investment risk by investing the same amount of money over a period of time.


With dollar-cost averaging, you invest money on a regular basis into a specified portfolio of securities. Using this strategy, you'll buy more shares when prices are low, and fewer when prices are high.


4. Know When to Get Out
Buying and holding and dollar-cost averaging are sound strategies. But just because you have your investments on autopilot doesn't mean you should ignore the forces at work.


Stay current with your investments and stay abreast of any changes in overall market conditions. You'll want to know what is happening to the companies you invest in. By doing so, you'll also be able to tell when it's time to cut your losses, sell and move on to your next investment.


5. Keep a Watchful Eye on Commissions
If you are not the trading type, understand what you are getting for the fees you are paying. Some firms charge a monthly fee, while others charge transactional fees. These can definitely add up and chip away at your bottom line.


Be aware of what you are paying and what you are getting for it. Remember, the cheapest choice is not always the best. Keep yourself updated on whether there are any changes to your fees.



The Bottom Line
Investing can and should be fun. It can be educational, informative, and rewarding. By taking a disciplined approach and using diversification, buy-and-hold and dollar-cost averaging strategies, you may find investing rewarding even in the worst of times.


SPONSORED
Learning, Sharing, Investing

A well-balanced portfolio starts with diversification. Webull makes diversification easy with our comprehensive suite of investment products, including stocks, options, and ETFs. On Webull, users can trade all US listed equities and options, using our powerful trading tools and analytics, which include full depth of book market data and intuitive charts. Additionally, Webull users can access the market during the full pre and post market trading sessions (4:00am to 8:00pm). Learn more about investing and open a Webull account.


Continue Reading

ProShares Bitcoin Futures ETF ‘BITO’ Hauls In $570M of Assets in Stock-Market Debut

According to ProShares, the fund’s sponsor, the new ETF’s assets shot to $570 million from $20 million on its first day of trading.
The first-ever exchange-traded fund (ETF) backed by bitcoin futures hauled in some $570 million of assets on its first day of trading, a sign of just how hungry investors remain for bets on the cryptocurrency as prices approach a record high.

ProShares, the fund’s sponsor, announced the level of assets in an emailed notice from a press representative. The ProShares Bitcoin Strategy Fund, which launched Tuesday on the New York Stock Exchange under the ticker BITO, had $20 million of seed capital at the start of the day.
The fund also saw about $1 billion of trading volume on the first day, ProShares said. That made it the second-most heavily traded new ETF on record, the firm said, citing Bloomberg.

The fund’s price rose to $41.94 at the close of stock-market trading, up 4.9% from the initial $40 net asset value.

Dave Nadig, chief investment officer and director of research of ETF Trends, said that much of Tuesday’s trading volume appeared to come from retail investors, since there were few large “block” trades of the size that big institutional traders often deal in.

“This is probably going to be what we all expected, which is it’s an access vehicle for certain players in the marketplace,” Nadig said in a phone interview. “There’s lots of folks who are active participants in the markets who just don’t want to cross over the crypto bridge by themselves.”

Join our Bitcoin course


Bullish signal

The new ETF’s debut came as bitcoin’s price surged Tuesday to a six-month high, climbing toward the all-time high near $65,000 set in April.

As of press time, the cryptocurrency was changing hands around $63,839, up 3.3% over the past 24 hours.

Matt Hougan, chief investment officer of Bitwise Asset Management, said in emailed comments that the strong first-day showing “suggests there is a large amount of capital that is still excluded from the crypto market simply because it’s hard to access.”


“That will change over time, and that capital will enter the market,” Hougan said. “That’s a pretty bullish signal for the long term.”

Jeff Dorman, chief investment officer of Arca Funds, wrote in a newsletter Tuesday that “this was a long, arduous road for many, and becomes yet another indication that digital assets are crossing into mainstream.”

The first of its kind in the U.S., the ProShares ETF offers investors the opportunity to gain exposure to returns of bitcoin with the ease of buying an ETF in a brokerage account.

The U.S. Securities and Exchange Commission (SEC) approved the ETF on Friday, and several other pending ETF proposals could win approval from the SEC later this week.

The ProShares ETF is structured to invest in bitcoin futures contracts traded on the Chicago-based CME, rather than investing in the cryptocurrency directly.

So the ETF by itself won’t introduce any new demand for bitcoin. However, traders might buy more bitcoin as they look to hedge against the futures price or take advantage of pricing disparities.


Continue Reading

Tesla đạt mức vốn hóa thị trường 1 nghìn tỷ USD lần đầu tiên sau khi Hertz cho biết họ sẽ mua 100.000 xe điện

Tesla đã đạt mức vốn hóa thị trường 1 nghìn tỷ đô la vào thứ Hai sau tin tức rằng Hertz đang đặt hàng 100.000 xe để xây dựng đội xe điện cho thuê của mình vào cuối năm 2022.

Công ty tham gia vào các công ty có vốn hóa thị trường nghìn tỷ đô la như Apple , Amazon và Microsoft .

Tin tức về thỏa thuận đã đưa cổ phiếu của Tesla lên hơn 1.045 USD / cổ phiếu vào giữa ngày, mức cao kỷ lục mới trong một ngày giao dịch sau khi cổ phiếu phá vỡ ngưỡng 900 USD. Cổ phiếu đóng cửa tăng 12,66% ở mức khoảng 1.024 USD / cổ phiếu.

Doanh số bán hàng mạnh mẽ của EU và các cuộc gọi của các nhà phân tích tăng giá tiếp tục thúc đẩy giá cổ phiếu của Tesla. Adam Jonas của Morgan Stanley đã nâng mục tiêu giá của mình đối với Tesla lên 1.200 đô la một cổ phiếu từ mức 900 đô la vào Chủ nhật. Jato Dynamics cho biết hôm thứ Hai rằng mẫu sedan điện Model 3 của Tesla đã trở thành mẫu xe chạy hoàn toàn bằng điện đầu tiên đứng đầu về doanh số bán xe mới ở châu Âu trong tháng 9.

CEO Tesla, Elon Musk, đã ăn mừng cột mốc quan trọng này trên Twitter một phút trước khi thị trường đóng cửa.

Làm Thế nào để đầu tư 20 đến 50% một năm hãy tham gia ngay khoá học của học viện


Continue Reading

10 đồng tiền điện tử tốt nhất để đầu tư vào năm 2021

Tiền điện tử:
Tiền điện tử là tiền kỹ thuật số không được quản lý bởi một hệ thống trung tâm như chính phủ. Thay vào đó, nó dựa trên công nghệ blockchain, với Bitcoin là công nghệ phổ biến nhất. Khi tiền kỹ thuật số tiếp tục có được sức hút trên Phố Wall, ngày càng có nhiều lựa chọn hơn. Hiện có hơn 5.000 loại tiền điện tử trên thị trường.

Mặc dù bạn có thể sử dụng tiền điện tử để mua hàng, nhưng hầu hết mọi người đều coi nó như một khoản đầu tư dài hạn. Tuy nhiên, đầu tư vào tiền điện tử có thể gặp rủi ro nếu bạn không biết bắt đầu từ đâu. Đây là 10 loại tiền điện tử hàng đầu đáng đầu tư nhất vào năm 2021.

Xếp hạng các lựa chọn tiền điện tử hàng đầu

Chạy một tìm kiếm trực tuyến nhanh chóng và bạn sẽ tìm thấy hàng tá đề xuất về cách đầu tư vào tiền điện tử. Trong việc chọn ra 10 lựa chọn hàng đầu, các yếu tố sau đã được xem xét.

Tuổi thọ
Tiền điện tử đã tồn tại được bao lâu? Các loại tiền điện tử mới không bị loại trừ ngay lập tức, nhưng việc có dữ liệu lịch sử để so sánh sẽ giúp bạn biết được một công ty đã hoạt động như thế nào cho đến thời điểm hiện tại.

Hồ sơ theo dõi
Công ty đã hoạt động như thế nào trong những năm hoạt động kinh doanh? Nếu bạn thấy giá cả ổn định thì đó là một dấu hiệu tốt. Nếu bạn nhận thấy rằng tiền điện tử đang đạt được sức hút và trở nên có giá trị hơn theo thời gian, thì điều đó thậm chí còn tốt hơn.


Điều cần biết

Năng lực trong quá khứ không nói lên được năng lực tương lai. Bất cứ lúc nào mọi thứ đều có thể thay đổi và một khoản đầu tư có thể hoạt động tốt hơn hoặc tệ hơn so với trước đây.

Công nghệ
Nền tảng này so với những nền tảng khác như thế nào về khả năng sử dụng và bảo mật? Điều đầu tiên bạn muốn tìm kiếm là tốc độ giao dịch diễn ra. Mạng phải có thể xử lý lưu lượng giao dịch một cách dễ dàng.

Bạn cũng muốn đảm bảo khoản đầu tư của mình được an toàn. Hầu hết các loại tiền điện tử đều sử dụng công nghệ blockchain , giúp mọi giao dịch trở nên minh bạch và dễ theo dõi. Công nghệ chuỗi khối không nhất thiết khiến tin tặc khó lấy cắp tiền điện tử của bạn hơn. Nó giúp bạn dễ dàng theo dõi khoản đầu tư của mình hơn để có thể thu hồi được thay vì bị mất sau khi gian lận.

Lượng người đầu tư
Có bao nhiêu người đang đầu tư vào tiền điện tử mà bạn đang cân nhắc? Khi bạn thấy mức độ chấp nhận cao, điều đó có nghĩa là tiền điện tử có tính thanh khoản tốt hơn. Giao dịch, mua bán hay chi tiêu sẽ dễ dàng hơn trong tương lai.

10 khoản đầu tư tiền điện tử hàng đầu vào năm 2021
Tiền điện tử | Giá tại thời điểm ngày 29 tháng 3 năm 2021 | Vốn hóa thị trường
Bitcoin | $ 57.566,38 | 1,075 nghìn tỷ đô la
Ethereum | 1.811,82 USD | 209,464 tỷ USD
Binance Coin | $ 273,38 | 42,304 tỷ USD
Tether | $ 0,99 | 40,632 tỷ USD
Cardano | $ 1,19 | $ 38.188 tỷ
Polkadot | $ 33,74 | 31,349 tỷ USD
Ripple | $ 0,56 | 24,598 tỷ USD
Litecoin | $ 192,88 | 13,038 tỷ USD
Chainlink | $ 28,06 | 11,689 tỷ USD
Stellar | $ 0,41 | 9,23 tỷ đô la

1. Bitcoin (BTC)
Bitcoin đã tồn tại lâu nhất so với bất kỳ loại tiền điện tử nào. Thật dễ dàng để hiểu lý do tại sao nó dẫn đầu, với giá, vốn hóa thị trường và khối lượng cao hơn nhiều so với bất kỳ lựa chọn đầu tư nào khác. Ngay cả với hàng nghìn loại tiền điện tử khác trên thị trường, Bitcoin vẫn chiếm 40% vốn hóa thị trường tiền điện tử.

Nhiều doanh nghiệp đã chấp nhận thanh toán bằng Bitcoin, điều này làm cho tiền điện tử này trở thành một khoản đầu tư thông minh. Visa giao dịch với Bitcoin và CEO Tesla Elon Musk gần đây đã đầu tư 1,5 tỷ USD vào đó. Thêm vào đó, các ngân hàng lớn hơn cũng đang bắt đầu kết hợp các giao dịch Bitcoin vào các dịch vụ của họ.

Rủi ro khi đầu tư vào Bitcoin
Giá trị của Bitcoin có xu hướng biến động rất nhiều. Bạn có thể thấy giá tăng hoặc giảm hàng nghìn đô la trong bất kỳ tháng nào. Nếu những biến động dữ dội như thế này khiến bạn lo lắng, bạn có thể muốn tránh Bitcoin. Mặt khác, miễn là bạn lưu ý rằng tiền điện tử là một khoản đầu tư dài hạn thông minh, thì những biến động này không nên quá lo lắng.

Một lý do khác để xem xét lại việc đầu tư vào Bitcoin là giá của nó. Với một cổ phiếu duy nhất có giá hơn 50.000 đô la, hầu hết mọi người không đủ khả năng mua toàn bộ cổ phiếu của cổ phiếu. Đối với các nhà đầu tư muốn tránh mua một phần cổ phiếu, đây là một tiêu cực.

2. Ethereum (ETH)
Ethereum khác với Bitcoin vì nó không chỉ là một loại tiền điện tử. Nó cũng là một mạng lưới cho phép các nhà phát triển tạo tiền điện tử của riêng họ bằng cách sử dụng mạng Ethereum. Mặc dù Ethereum kém xa Bitcoin về giá trị, nhưng nó cũng vượt xa các đối thủ khác.

Mặc dù nó ra đời sau một số loại tiền điện tử khác nhiều năm, nhưng nó đã vượt xa vị trí của mình trên thị trường vì công nghệ độc đáo của nó.

Rủi ro khi đầu tư vào Ethereum
Trong khi Ethereum sử dụng công nghệ blockchain , nó chỉ có một “làn đường” để thực hiện các giao dịch. Điều này có thể dẫn đến các giao dịch mất nhiều thời gian hơn để xử lý khi mạng quá tải.

Một vụ hack vào năm 2016 đã khiến hơn 60 triệu đô la Ether bị mất vì một lỗ hổng trong ví Ethereum. Mặc dù công ty đã đạt được những bước tiến trong việc tăng cường bảo mật, nhưng các lỗ hổng luôn là rủi ro với bất kỳ khoản đầu tư tiền điện tử nào.

3. Binance Coin
Binance là một trong số ít các loại tiền điện tử đạt đến đỉnh cao sau năm 2017. Trong năm đó, đã có một thị trường tăng giá và giá của tất cả các loại tiền điện tử đều tăng trên đó, đạt đến đỉnh điểm trước khi cố định và giảm giá trị.

Không giống như các loại tiền điện tử khác, Binance Coin tiếp tục xu hướng tăng chậm nhưng nhất quán sau năm 2017. Do hiệu suất của nó, Binance Coin đã được chứng minh là một trong những lựa chọn đầu tư ổn định hơn, ít rủi ro hơn.

Rủi ro khi đầu tư vào Binance Coin
Điều khiến Binance Coin khác biệt so với các đối thủ cạnh tranh là nó được tạo ra bởi một công ty thay vì một nhóm các nhà phát triển công nghệ. Mặc dù cam kết duy trì một chuỗi khối mạnh mẽ của Binance Coin đã chiến thắng nhiều người hoài nghi, nhưng một số nhà đầu tư vẫn tỏ ra dè dặt với tiền điện tử này và các vấn đề bảo mật tiềm ẩn của nó.

4. Tether (USDT)
Tether là ổn định nhất của tất cả các cryptocurrencies bởi vì nó được gắn với đồng đô la Mỹ. Đối với mỗi đơn vị Tether , có một đô la trong Ngân hàng Dự trữ Liên bang. Điều này làm cho Tether trở nên tuyệt vời cho các nhà đầu tư muốn giao dịch bằng tiền điện tử của họ.

Rủi ro khi đầu tư vào Tether
Các nhà đầu tư đã đặt ra câu hỏi về lượng dự trữ thực tế. Có nghi ngờ rằng thực sự có một đô la Mỹ trong ngân hàng dự trữ cho mỗi đơn vị Tether . Nếu điều này từng bị bác bỏ, giá trị cổ phiếu của Tether có thể giảm nhanh chóng.

5. Cardano
Mạng Cardano có dấu ấn nhỏ hơn, điều này hấp dẫn các nhà đầu tư vì một số lý do. Sẽ tốn ít năng lượng hơn để hoàn thành một giao dịch với Cardano so với với một mạng lưới lớn hơn như Bitcoin. Điều này có nghĩa là giao dịch nhanh hơn và rẻ hơn.

Nó tuyên bố là thích nghi hơn và an toàn hơn. Cardano liên tục cải tiến sự phát triển của mình để đi trước tin tặc.

Rủi ro khi đầu tư vào Cardano
Ngay cả với một mạng lưới tốt hơn, Cardano có thể không thể cạnh tranh với các loại tiền điện tử lớn hơn. Ít người chấp nhận hơn có nghĩa là ít nhà phát triển hơn. Điều này không hấp dẫn đối với hầu hết các nhà đầu tư muốn thấy tỷ lệ chấp nhận cao. Nền tảng này có những kế hoạch lớn, nhưng vẫn có những nghi ngờ về việc liệu nó có thể phát huy hết tiềm năng đó hay không.

Lời khuyên

Đừng nản lòng trước những biến động của thị trường. Khoản đầu tư của bạn có thể mất tiền vào một ngày nào đó và kiếm được lợi nhuận vào ngày hôm sau. Thay vì bị cuốn vào những thay đổi hàng ngày, hãy nhìn vào bức tranh toàn cảnh.

6. Polkadot (DOT)
Polkadot được tạo ra bởi các nhà lãnh đạo Ethereum, những người đã phá vỡ để hình thành tiền điện tử của riêng họ với một mạng lưới tốt hơn. Thay vì có một “làn đường” duy nhất để hoàn thành các giao dịch, Polkadot có một số.

Tiền điện tử này được thiết kế để thưởng cho các nhà đầu tư chân chính và loại bỏ những người chỉ đang giao dịch trên thị trường chứng khoán để kiếm tiền nhanh chóng. Các nhà đầu tư tham gia vào công ty cũng giúp đưa ra quyết định về những điều như:

  • Phí mạng

  • Nâng cấp mạng

  • Thiết lập hoặc xóa parachains


Rủi ro khi đầu tư vào Polkadot
Người sáng lập Polkadot, Gavin Wood, lần đầu tiên giới thiệu tiền điện tử thông qua whitepaper vào năm 2016. Vào cuối năm 2020, Polkadot bắt đầu giao dịch trên thị trường chứng khoán. Với lịch sử ngắn ngủi như vậy, Polkadot không có hồ sơ theo dõi để so sánh, khiến nó trở thành một khoản đầu tư rủi ro hơn cho những người mua tiềm năng.

7. Ripple (XRP)
Ripple là công ty đã tiết lộ mã thông báo XRP và đang thu hút các nhà đầu tư vì nó tạo ra sự khác biệt với các loại tiền điện tử khác bằng cách cung cấp các giao dịch quốc tế. Với ngân hàng, việc chuyển tiền quốc tế có thể mất đến 10 ngày làm việc. Với Ripple, các giao dịch tương tự chỉ mất vài giây.

Thêm vào đó, Ripple có hợp đồng với các ngân hàng lớn trên thế giới. Càng có nhiều hợp đồng, tiền điện tử Ripple càng dễ tiếp cận hơn đối với những người chấp nhận.

Rủi ro khi đầu tư vào Ripple
Ripple đã cho thấy nhiều hứa hẹn vào năm 2017 khi giá trị của nó tăng 36.000%. Tuy nhiên, khi bạn nhìn vào thực tế rằng tỷ lệ phần trăm được thể hiện đang tăng lên giá trị cổ phiếu 2,40 đô la, nó ít ấn tượng hơn. Khi bạn đang nghiên cứu về tiền điện tử, đừng bị phân tâm bởi tỷ lệ phần trăm cao. Đi xuống những con số thực và xem mức tăng trưởng thực sự có ý nghĩa như thế nào.

8. Litecoin
Ban đầu được thành lập vào năm 2011, Litecoin được tung ra thị trường cùng lúc với Bitcoin. Tuy nhiên, nó không diễn ra theo cùng một cách. Litecoin tự hào hoàn thành giao dịch nhanh hơn bốn lần so với Bitcoin.

Vào năm 2017, nó là tiền điện tử đầu tiên hoàn thành giao dịch Lightning Network. Quá trình chuyển đã hoàn tất trong vòng chưa đầy một giây. Nếu công ty mở rộng việc sử dụng Lightning Network để giao dịch nhanh hơn, giá trị của Litecoin có thể tăng đáng kể.

Rủi ro khi đầu tư vào Litecoin
Vì Litecoin và các loại tiền điện tử khác được gắn chặt với Bitcoin nên giá trị của chúng thường sẽ dao động cùng với Bitcoin. Điều này có nghĩa là giá trị sẽ tăng và giảm giống như Bitcoin, mặc dù với tốc độ thấp hơn. Nếu bạn coi sự biến động của Bitcoin là tiêu cực, thì Litecoin có thể không phải là lựa chọn tốt cho bạn.

9. Chainlink
Chainlink là một loại tiền điện tử duy nhất vì nó có một mức giá hấp dẫn. Mặc dù cổ phiếu có giá cả phải chăng để mua, nhưng chúng cũng được định giá đủ cao để không bị coi là cổ phiếu xu. Điều này hấp dẫn các nhà đầu tư vì nó đã được chứng minh rằng nó có thể tăng giá trị và vẫn còn rất nhiều dư địa để tăng trưởng.

Nó cũng có sẵn để giao dịch trên Coinbase, một trong những ứng dụng tiền điện tử lớn nhất thế giới. Dễ tiếp cận hơn cũng làm cho Chainlink hấp dẫn các nhà đầu tư.

Rủi ro khi đầu tư vào Chainlink
Mặc dù nó vẫn ở trên hàng nghìn loại tiền điện tử khác, nhưng nó có khối lượng và vốn hóa thị trường thấp hơn so với các loại tiền điện tử hấp dẫn hơn. Đó là lý do tại sao Chainlink xếp hạng rất thấp trong danh sách 10 hàng đầu.

10. Stellar (XLM)
Lumens của Stellar, còn được gọi là XLM, được thành lập để phục vụ nhu cầu thích hợp trong thế giới tiền điện tử. Về cơ bản, nó là PayPal của mạng lưới tiền điện tử, đóng vai trò là cầu nối giữa các ngân hàng và mạng blockchain.

Là một mạng lưới phi tập trung, Stellar có thể chuyển đổi bất kỳ loại tiền tệ nào và giao dịch nó trên các kênh. Nó làm cho các giao dịch này rẻ hơn và nhanh hơn so với giao dịch với ngân hàng truyền thống.

Rủi ro khi đầu tư vào Stellar (XLM)
Vì Stellar (XLM) phục vụ cho một thị trường thích hợp, nó có thể sẽ chứng kiến ​​các công ty khác cố gắng cạnh tranh với nó. Nếu một mạng lưới tiền điện tử khác tạo ra một nền tảng tốt hơn và lấy lưu lượng truy cập từ Stellar, nó có thể ảnh hưởng đến giá trị cổ phiếu của công ty.

Lời khuyên

Đừng quyết định đầu tư vào bất kỳ số lượng tiền điện tử nào mà không tiếp tục tìm hiểu về thị trường. Một mạng lưới tiền điện tử mới có thể dễ dàng leo lên thứ hạng và nổi lên như một nhà lãnh đạo trên các nền tảng khác. Là một nhà đầu tư, điều thông minh nhất bạn có thể làm là luôn bám sát diễn biến thị trường.
Tóm lại, khi bạn quyết định loại tiền điện tử nào là khoản đầu tư tốt nhất cho mình, đây là một số điều khác cần lưu ý:

  • Tốc độ hoàn thành giao dịch

  • Các khoản phí liên quan đến giao dịch

  • Khả năng sử dụng tiền điện tử của bạn để mua hàng thông thường và chuyển khoản ngân hàng

Nếu bạn thực sự muốn đầu tư mà không giao dịch trong mạng, hãy nhớ rằng tiền điện tử không phải là một kế hoạch làm giàu nhanh chóng. Thay vào đó, bạn nên coi đây là một khoản đầu tư dài hạn .


Continue Reading

Apple: Deutsche Bank Survey Points to a Strong iPhone Upgrade Cycle


Recent reports have noted Apple (AAPL) has instructed manufacturers to increase the build rates for the initial run of new iPhones from 75 million to 90 million – a clear sign the company is expecting to sell more units in the near-term than previously anticipated.

Deutsche Bank’s Sidney Ho notes this is in line with a recent dbDIG survey, which points to “strong consumer interest” in upgrading to 5G.

On why someone might be planning to purchase a new iPhone, the survey showed that 5G/faster connection speed was the top reason (26%) for an upgrade.

“While there has been some pushback from investors that the next iPhone launch doesn’t offer many new features vs. the iPhone 12 family,” Ho said, “~65% of the surveyed indicated that they had an iPhone that did not offer 5G (iPhone 11 Family and older) so that feature should be a strong incentive to upgrade by itself.”

41% also said they are either “extremely” or “somewhat” likely to buy a new smartphone over the next 3 months, which incidentally should be within the timeframe of the iPhone 13’s launch.


iPhone owners are also highly likely to own other Apple products with 79% saying they owned at least one more Apple device other than the iPhone. Ho says the data supports his belief that “$ per person spent on Apple devices continues to grow.”

The tech giant reports F3Q earnings after the market close on Tuesday, July 27th, with the Street estimating revenue will drop by 18% quarter-over-quarter, but Ho believes Apple is “well positioned” to better the analysts’ expectations, seeing “potential revenue upside” in iPhones (both units and ASPs), Accessories (AirTags), and based on preliminary Gartner data, Macs too. Ho thinks the company is still reaping the benefits of the remote work/school environment, while the impact of component shortages on its Mac and iPad businesses has been “adequately discounted.”

Looking ahead to F4Q, the “continued healthy comments” regrading Apple’s supply chain, the dbDIG iPhone survey data and the raised build rates suggest “risks weighted to the upside,” although the 5-star analyst says component shortages impacting the Mac/iPad (not iPhone) “remain an area to monitor.”

All in all, Ho reiterated a Buy rating on AAPL shares, while the $165 price target suggests the stock will add 16% of muscle over the next 12 months.

Ho’s objective is just above the Street’s average target, which at $159.04, suggests share appreciation of 9% in the year ahead. Looking at the consensus breakdown, based on 20 Buys, 5 Holds and 2 Sells, the analysts rate this stock a Moderate Buy.

Join our course: https://hocvienstock.com/courses?locale=en

Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.


Continue Reading

What Is Avalanche (AVAX)?

The Avalanche network attempts to improve scalability without compromising on decentralization. Three blockchains make up its mainnet: the X-Chain, C-Chain, and P-Chain.

The X-Chain is used for managing assets and uses the Avalanche consensus protocol. The C-Chain is for smart contracts creation and the P-Chain for coordinating validators. These two blockchains use the Snowman consensus protocol.

The Avalanche consensus protocol has all nodes work in parallel to check other validators' transaction confirmations randomly. After enough repeated random subsampling, a transaction is probabilistically determined to be true. This improves transaction throughput to 6500 TPS and provides a sub-one-second finality time. Snowman is similar but works in a linear process with blocks.

Avalanche also allows for the creation of customized, interoperable blockchains. There's no limit on the number, but you need to pay a subscription fee to operate one in Avalanche's native token AVAX.

Introduction

As blockchain technology develops, it provides new solutions to the old problems of scalability, interoperability, and usability. Avalanche has taken a unique approach with the use of three separate blockchains in its platform. Powered by its native token AVAX and multiple consensus mechanisms, Avalanche claims to be "the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality". In this article, we'll look at the factors that lead to this claim and the solutions it provides.

When was Avalanche launched?

The Avalanche blockchain was launched in September 2020 by the Ava Labs team in the US. Ava Labs raised $6 million (US dollar) in their financing round and followed this with private and public token sales totaling $48,000,000. The three-person team behind Avax Labs consists of Kevin Sekniqi, Maofan "Ted" Yin, and Emin Gün Sirer.

What problems does Avalanche solve?

There are three main problems Avalanche attempts to solve. These are related to scalability, transaction fees, and interoperability.

Scalability vs. decentralization

Blockchains have traditionally struggled to balance scalability and decentralization. A network with increasing users and high activity can fail to generate consensus on valid transactions quickly. Bitcoin (BTC) is a good example of the issue, as transactions have sometimes taken hours or even days to process in periods of network congestion.
One way to combat this is to make the network more centralized, giving fewer people more authority to validate network activity. If fewer people have to check and validate transactions, they can be confirmed much more quickly. However, decentralization is an important, desired aspect of blockchain technology. New blockchains constantly attempt to solve this problem with technological advancements, and Avalanche has created a unique approach, which we'll cover later.
High fees

Another common issue seen with the larger blockchains like Ethereum is their gas fees. High traffic and an increase in users contribute to the problem. This ultimately discourages users from these blockchains, but the competition on offer has less established ecosystems. For example, Ethereum's popularity and a lack of alternatives have led to almost permanently high traffic and fees without relief. At certain points, simple transfers cost more than $10, and complex smart contract interactions were even more expensive.
Interoperability

Different projects and businesses have their own needs when it comes to blockchains. Previously, projects would have to work with either Ethereum, another individual blockchain not tailored to their needs, or a private blockchain. However, finding the balance between customizability and cooperation between multiple blockchains has been challenging.Avalanche offers its solution to the problem with subnets and custom blockchains that share the network’s security, speed, and compatibility.

How does Avalanche work?

To solve the problems outlined, Avalanche uses a combination of methods that make it somewhat unique. To begin, Avalanche is actually made up of three interoperable blockchains: the X-Chain, C-Chain, and P-Chain.

1. The Exchange Chain (X-Chain). This chain is used for creating and exchanging AVAX tokens and other digital assets. These assets have modifiable rules that govern their behavior, just like Ethereum's token standards. Transaction fees are paid in AVAX, and the blockchain uses the Avalanche consensus protocol.
2. The Contract Chain (C-Chain). The C-Chain is where developers can create smart contracts for DApps. This chain implements an instance of the Ethereum Virtual Machine (EVM), allowing coders to fork over EVM-compatible DApps. It uses a modified version of the Avalanche consensus protocol called Snowman.
3. The Platform Chain (P-Chain). This chain coordinates network validators, tracks active subnets, and allows for the creation of new subnets. Subnets are sets of validators providing consensus for custom blockchains. A blockchain can be validated by only one subnet, but each subnet can validate multiple blockchains. The P-Chain also uses the Snowman consensus protocol.
With each blockchain taking on different roles, Avalanche improves speed and scalability compared to running all processes on just one chain. The developers have combined this aspect with two different consensus mechanisms tailored to the needs of each blockchain. Tying all of these blockchains together is Avalanche's native utility token AVAX. Users need the token to stake and pay network fees, giving the ecosystem a common usable asset between different Avalanche subnets.

How do Avalanche's consensus mechanisms work?

There are a lot of similarities between Avalanche’s two consensus protocols. However, each one is tailored towards its specific blockchain(s). This dual system is a key reason for the network's improved scalability and transaction processing speed.

Avalanche

The Avalanche consensus protocol doesn't need a leader to reach consensus like Proof of Work (PoW), Proof of Stake (PoS), or Delegated Proof of Stake (DPoS). This factor increases the decentralization of the Avalanche network without sacrificing scalability. In contrast, PoW, PoS, and DPoS end up having one actor process transactions, whose work is then validated by others.
Avalanche uses all nodes to process and validate transactions by implementing a directed acyclic graph (DAG) optimized consensus protocol. DAG allows the network to process transactions in parallel. Validators randomly poll other validators to determine whether a new transaction is valid. After a certain number of this repeated random subsampling, it's statistically proven that it would be almost impossible for a transaction to be false.
All transactions are finalized immediately without other confirmations needed. This means that there are no blocks as seen in traditional blockchains but instead parented transactions known as vertices. Running a validator node and validating transactions have low and accessible hardware requirements, which helps with performance and decentralization.
Snowman

The Snowman consensus protocol builds on the Avalanche consensus protocol but orders transactions linearly. This property is beneficial when dealing with smart contracts. Unlike the Avalanche consensus protocol, Snowman creates blocks.

Bitcoin Price 3800$ to 50000$.

Click The Below Picture To Register Course.


AVAX token

AVAX is Avalanche's native token with a capped supply of 720 million. All fees paid on the network are burned as a deflationary mechanism. The token has three main use cases:
1. You can stake your AVAX to become a validator or delegate it behind a validator. Validators can earn up to 11% Annual Percentage Yield (APY) and set a custom percentage fee of the reward they keep from delegators who back them.
2. AVAX serves as the common unit of account for all subnets, improving interoperability.
3. Transaction fees and subnet subscriptions are payable in AVAX.

How do you stake AVAX?

AVAX holders can earn rewards by staking their tokens with the network. You can earn rewards by becoming a validator or by staking tokens with a validator. Becoming a validator requires staking 2000 AVAX.
The hardware requirements are low enough that most standard laptops or desktops should be suitable to begin validating. You can also stake tokens behind a validator and receive rewards when the validator successfully confirms transactions.

Customizable Avalanche blockchains

At its base level, Avalanche offers the same functionality as Ethereum. Developers can create new tokens and NFTs, smart contracts, and DApps. Users can stake, validate transactions, and use DApps. The benefits of Avalanche, according to them, come from the improvements made to these actions. As an extra feature, Avalanche also allows for the creation of interoperable, customized blockchains.
A customized blockchain using a highly scalable platform is well suited towards large enterprises’ needs. It's even more convenient for custom blockchains to interact with others in an ecosystem and leverage their security. Avalanche has its own Avalanche Virtual Machine (AVM), which is also compatible with the (EVM). Developers familiar with Ethereum's Solidity coding language can easily use Avalanche and also port over existing projects.

Each blockchain can have custom native tokens, and transaction fees can be paid with it. There is a creation fee paid in AVAX for creating a subnet and a blockchain. Subnet maintainers must also be validating in the primary subnet, in order to validate custom subnets.

How is Avalanche different from other scalable blockchains?

The problems and solutions we've bought up aren't unique to Avalanche. In fact, Avalanche is competing with other scalable platforms and interoperable blockchains like Polkadot, Polygon, and Solana. So what is it that makes Avalanche different from the alternatives?
Consensus mechanism

By far, the most significant difference is the DAG-optimized Avalanche consensus mechanism. However, Avalanche is not the only blockchain with a novel consensus mechanism. Solana has Proof of History that allegedly can handle up to 50,000 TPS (transactions per second), outperforming the 6,500 TPS Avalanche claims. Still, the validity of both these claims in real-life usage is uncertain.
Transaction speed and finalization

Another noticeable difference is Avalanche's finality time of sub 1 second. What does this mean exactly? TPS is just one metric when measuring speed. We also need to factor in the time it takes to guarantee that a transaction is finalized and cannot be reversed or altered. You could process 100,000 transactions in one second, but if there is a delay in finalization, the network will still be slower for users.
Decentralization

One of Avalanche's biggest claims is its commitment to decentralization. Compared to its size and age, it does have a large number of validators due to its reasonably minimal requirements. However, as the price of AVAX has risen, it's become more expensive to become a validator.

Interoperable blockchains

Avalanche's interoperable blockchains are also unlimited in number. This is in direct competition with Polkadot, one of the most famous projects offering customized and interoperable blockchains. Polkadot has limited space auctioned off in Parachain Slots auctions, whereas Avalanche works with a simple subscription fee.


Closing thoughts

With Decentralized Finance (DeFi) platforms looking for Ethereum alternatives, blockchains like Avalanche are attractive due to their EVM compatibility and low fees. However, DeFi platforms already have a long list of alternative platforms when it comes to scalability and speed. Avalanche has increased in popularity since its release, but whether it will be able to compete with other blockchains like Solana or Polygon is yet to be seen.

Source: Binance


Continue Reading

What Happens to Bitcoin After All 21 Million Are Mined?

One of the chief characteristics of Bitcoin (BTCUSD) is its limited supply. Other forms of money, including fiat currencies, can be printed at will by central banks—i.e., they have unlimited supply. 

Bitcoin inventor Satoshi Nakamoto capped the number of bitcoin at 21 million, meaning there will only ever be 21 million bitcoins in existence. On average, these bitcoins are introduced to the Bitcoin supply at a fixed rate of one block every 10 minutes. In addition, the number of bitcoins released in each of these aforementioned blocks is reduced by 50% every four years. By August 2021, 18.7 million bitcoins were available, leaving roughly 2.3 million to be mined.1 The supply limitation makes Bitcoin scarce and controls inflation that might arise from an unlimited supply of the cryptocurrency. 

As Bitcoin reaches its capped supply, its economics will alter. The incentives for various members in its ecosystem, such as miners and traders, will change. For example, miners may rely less on block rewards and more on transaction fees to earn revenue and profits for their operations. The cryptocurrency's network will also transform, and its participants will be different from the retail traders that populate its current ecosystem.

However, given the cryptocurrency's relatively undeveloped ecosystem, it is difficult to predict with certainty the effect of Bitcoin reaching its capped supply.
KEY TAKEAWAYS
  • There are only 21 million bitcoins that can be mined in total.
  • Bitcoin will never reach that cap due to the use of rounding operators in its codebase.
  • As of Aug, 2021, 18.77 million bitcoins have been mined, which leaves roughly 2.3 million yet to be introduced into circulation.
  • When Bitcoin reaches its supply cap, block rewards will vanish, and miners will depend on fees from transactions occurring on the cryptocurrency's network for revenue.
  • Bitcoin's network may evolve from its current unfinished state to becoming a bridge for monetary transactions and trading.
  • Bitcoin the cryptocurrency will have a defined identity in the financial ecosystem.

Will Bitcoin Ever Reach the 21 Million Cap?
Before delving into the implications of Bitcoin's 21 million cap, it might be interesting to consider the question of whether it will ever reach that figure. Based on the cryptocurrency's current codebase and mining process, some observers say that Bitcoin may fall just shy of the 21 million figure.
To recap, Bitcoin is "mined" by miners who solve cryptographic puzzles to verify and validate a block of transactions occurring in its network. Block rewards, consisting of a set number of bitcoins, are distributed to miners who successfully confirm a transaction block. The rewards are halved every four years.

When the cryptocurrency was launched, the reward for confirming a block of transactions was 50 bitcoins. In 2012, it was halved to 25 bitcoins, and it went down to 12.5 in 2016. In May 2020, miners stood to earn 6.25 bitcoin for every new block. Block rewards for Bitcoin miners will continue to be halved every four years until the final bitcoin is mined. Current estimates for mining of the final bitcoin put that date somewhere in February 2140.

The Bitcoin mining process provides bitcoin rewards to miners, but the reward size decreases periodically to control the circulation of new tokens.
According to Andreas M. Antonopoulos, author of a book about Bitcoin's workings, the 21 million figure is an "asymptotic cap" on the number of bitcoin in existence.2 In simple words, this means that, while it may reach very close to figure, the cryptocurrency will never reach that limit. This is because block rewards and Bitcoin supply are never expressed in exact terms. Bitcoin's code uses bit-shift operators—arithmetic operators used that round decimal points to the closest smallest integer in certain programming languages. Therefore, a total supply of 6.2589 bitcoins will be rounded out to the closest smallest integer, in this case 6.

While it makes calculations easier, the practice leads to losses in satoshis, Bitcoin's constituent units, during each block confirmation. One bitcoin is equal to 100 million satoshis. According to some, the final bitcoin block will be numbered 6,929,999, and the total supply at that time will be 20,999,999.9769 satoshis. Since bitcoin uses a bit-shift operator system,3 its algorithm will round off that figure to 20,999,999 and leave the cryptocurrency just shy of its 21 million targeted cap.

Join our cryptocurrency course (Click below picture)

What Happens When All 21 Million Bit
coin Are Mined?  
A consequence of Bitcoin not reaching its planned cap is that it leaves open the possibility that the cryptocurrency's network will remain functional for a long time after 2140. No bitcoins will be issued, but transaction blocks will be confirmed, and fees will become the primary source of revenue. Ultimately, Bitcoin's network may function as a closed economy, in which transaction fees are assessed much like taxes are.

Can the rewards be in satoshis instead of actual bitcoin? Such a practice is unlikely and would require a change in the cryptocurrency's protocol to take effect.

That said, it is difficult to predict the effects of Bitcoin almost reaching the overall supply promised by Satoshi Nakamoto. This is partly because Bitcoin's ecosystem is still undeveloped. The cryptocurrency was originally conceptualized as a medium of exchange but it has found more popularity as a store of value—an investing asset—instead. It is possible that Bitcoin's ecosystem and workings might undergo a transformation, similar to the one that has occured in its identity, between now and 2140.

 Although there can only ever be a maximum of 21 million bitcoins, because people have lost their private keys or have died without leaving their private key instructions to anybody, the actual amount of available bitcoins in circulation could actually be millions less.
For example, there could be a protocol change in the cryptocurrency's blockchain to allow for more than 21 million bitcoin in existence. Remember, Bitcoin is an open source cryptocurrency and can be changed to create hard or soft forks that create new cryptocurrencies or alter its functioning. Some examples of the former are bitcoin cash (BCHUSD), litecoin (LTCUSD), and dogecoin (DOGEUSD), which have made minor modifications to Bitcoin's source code and created new coins that have racked up billions of dollars in market valuations.

Effect on Bitcoin Miners 
Block rewards and transaction fees are the most important sources of revenue for miners—the former more so than the latter in the current setup. High prices for bitcoin enable miners to cover operational costs and sustain business profits because they can sell their rewards stash in cryptocurrency markets.

When Bitcoin is close to reaching its limit, the reward amounts may not be enough to cover operational costs at miners, let alone generate profits. If and when the supply limit is reached, Bitcoin rewards are supposed to vanish.

In both instances, transaction fees are expected to pick up the slack. The amount of and mechanism for these fees depends on the state of Bitcoin's network at that point in time—i.e., whether it is being used as a medium of exchange or as a store of value. The former may incur reasonable fees to enable Bitcoin's use in daily transactions, while the latter scenario will have miners conducting fewer and more expensive transactions.

Another possibility being put forward is that of miners forming cartels amongst themselves. They might control supply to set high transaction fees or a fee amount that guarantees them a minimum in profits. Selfish mining is another possibility. In this form of mining, miners collude amongst themselves to hide new blocks and release orphan blocks that are not confirmed by Bitcoin's network. This practice will delay production of the final block in Bitcoin's network and ensure high rewards for the new blocks when they are finally released into the network.

The formation of a Bitcoin miners' cartel is not a far-reaching conclusion. Such groupings already exist in other commodities whose supply is constrained or controlled. For example, oil prices are influenced to a large degree by OPEC's production output. Prices in the diamond industry are also reportedly set by a cartel led by mining giant DeBeers.4

Effect on Bitcoin's Network  
The most valuable and useful aspect of Bitcoin is its network. Distributed ledger technology is a technological solution to the time-consuming bookkeeping and accounting that characterizes most financial transactions today.

If Bitcoin becomes popular as a medium of exchange in the future, its transaction numbers will surge. Past precedent has shown that there is a significant chance that the network will slow down. This is because Bitcoin's architecture, which relies on a distributed database to hold copies of massive ledgers, sacrifices speed for accuracy and integrity.

In such a scenario, it is likely that Layer 2 technologies, like the Lightning Network, will become responsible for confirming a majority of transactions on its network. Therefore, the cryptocurrency's actual network itself will be used only to settle large batches of transactions.

A second possibility is that the number of transactions on Bitcoin's network falls. Such a situation is possible when Bitcoin becomes a reserve asset. Trades involving the cryptocurrency will be few. Retail traders and small trading firms, who dominate its current trading ecosystem, will be eliminated and replaced by large institutional players and established trading firms. They will conduct fewer and more expensive trades that will incur high transaction fees from miners. 

Effect on Bitcoin the Cryptocurrency
Bitcoin's inventor Satoshi Nakamoto designed the cryptocurrency to function as a medium of exchange for daily transactions. But its network has high transaction fees and slow processing times. Meanwhile, its scarcity and rising prices have become a magnet for speculative investors. Their bets on the cryptocurrency roulette have led to volatile price swings in the asset class deterring serious investors away from it. Regulators have criticized its ecosystem as a Wild West. 

By the time that the last bitcoin is mined (or close to being mined), Bitcoin may have a more defined identity that it does currently. Side channels, like the Lightning Network, may have increased its network's transaction processing speed and enabled its use as a medium of exchange. Some countries like El Salvador are betting on such an eventuality and have made the cryptocurrency legal tender.

El Salvador made Bitcoin legal tender on June 9, 2021.5 It is the first country to do so. The cryptocurrency can be used for any transaction where the business can accept it. The U.S. dollar continues to be El Salvador's primary currency.

In the United States, the latest significant events are the Office of the Comptroller of the Currency (OCC) letter in January 2021 authorizing the use of crypto as a method of payment, PayPal Holdings, Inc.'s (PYPL) introduction of Bitcoin, and Tesla, Inc.'s (TSLA) acceptance of Bitcoin to purchase Tesla cars and solar roofs. Tesla reversed course on accepting Bitcoin in May 2021, citing environmental concerns around the resources required for Bitcoin mining.

The increasing scarcity in its numbers will also have driven up bitcoin's price and the corresponding valuation of cryptocurrency markets. Regulators tend to move quickly when increasing amounts of capital flows into an asset class, and it is likely that crypto markets and Bitcoin will also have come under the regulatory umbrella. That will be a sign for institutional investors to move into the cryptocurrency's ecosystem and stabilize its price swings with massive liquidity.

The Bottom Line
Bitcoin's 21 million supply cap is meant to control inflation that might, otherwise, result from an unlimited supply. But it has inflated the cryptocurrency's prices by making it a scarce commodity.

When Bitcoin reaches the supply cap, it is likely that miners will shift from block rewards to transaction fees as their main source of revenue. Development of side channels, like the Lightning Network, may result in Bitcoin's blockchain restricting itself to confirmation of large batches of transactions or ones that involve movement of significant numbers of bitcoins from one address on its blockchain to another. Bitcoin's identity—as a store of value and a medium of exchange—will also be more clearly defined than it is currently.

But none of these predictions are set in stone. The kinetic pace of developments in Bitcoin's ecosystem means that it is difficult to accurately predict its future. For example, the cryptocurrency's protocol may be changed to accommodate the production of more than 21 million bitcoins. Or, it may fall just shy of reaching 21 million.  

Frequently Asked Questions
  • What is Bitcoin's total supply? 
The total supply of bitcoins is capped at 21 million. 

  • What will happen to miner fees when Bitcoin's supply limit is reached? 
When Bitcoin supply reaches 21 million, miners will rely on transaction fees rather than block rewards, which will have vanished by then, for revenue.

  • What will happen to Bitcoin's network when it reaches the supply limit? 
When Bitcoin reaches the 21 million supply limit, it is likely that side channels, like the Lightning Network, will do most of the heavy lifting in confirming its transactions. The cryptocurrency's blockchain be responsible for confirming only very large batches of transactions or ones that involve movement of large sums of bitcoin from one address to another.  

  • What happens if Bitcoin supply fails to reach the 21 million cap? 
One consequence of Bitcoin not reaching its planned cap is that it leaves open the possibility that the cryptocurrency's network will remain functional for a long time after 2140. In keeping with Bitcoin's economics, rewards for confirming these blocks will be minimal.


Continue Reading

Bitcoin and the Stock to Flow Model

What is the Stock to Flow model?

In simple terms, the Stock to Flow (SF or S2F) model is a way to measure the abundance of a particular resource. The Stock to Flow ratio is the amount of a resource held in reserves divided by the amount it is produced annually.

The Stock to Flow model is generally applied to natural resources. Let’s take the example of gold. While the estimates may vary, the World Gold Council estimates that around 190,000 tons of gold have ever been mined. This amount (i.e., the total supply) is what we can refer to as the stock. Meanwhile, there are about 2,500-3,200 tons of gold mined each year. This amount is what we can refer to as the flow.
We can calculate the Stock to Flow ratio using these two metrics. But what does it actually mean? It essentially shows how much supply enters the market each year for a given resource relative to the total supply. The higher the Stock to Flow ratio, the less new supply enters the market relative to the total supply. As such, an asset with a higher Stock to Flow ratio should, in theory, retain its value well over the long-term.

In contrast, consumable goods and industrial commodities will typically have a low Stock to Flow ratio. Why is that? Since their value typically comes from them being destroyed or consumed, the inventories (the stock) are usually only there to cover demand. These resources don’t necessarily have high value as possessions, so they tend to work poorly as investment assets. In some exceptional cases, the price might rise quickly if there’s an anticipation of shortage in the future, but otherwise, production keeps up with demand.

It’s important to note that scarcity alone doesn’t necessarily mean that a resource should be valuable. Gold, for example, isn’t all that rare – after all, there are 190,000 tons available! The Stock to Flow ratio suggests that it’s valuable because annual production compared to the existing stock is relatively small and constant.

What is the Stock to Flow ratio of gold?

Historically, gold has had the highest Stock to Flow ratio out of precious metals. But how much is it exactly? Going back to our previous example – let’s divide the total supply of 190,000 tons by 3,200, and we get a Stock to Flow ratio of ~59. This tells us that at the current production rate,  it would take around 59 years to mine 190,000 tons of gold.
It’s worth keeping in mind, though, that the estimates for how much new gold will be mined each year are just that – estimates. If we increase the annual production (the flow) to 3,500, the Stock to Flow ratio decreases to ~54.
While we’re at it, why not calculate the total value of all gold that’s been mined? This, in some ways, can be compared to the market capitalization of cryptocurrencies. If we take a price of about $1500 per troy ounce of gold, the total value of all gold comes to around $9 trillion. This sounds like a lot, but actually, if you’d combine it all into one cube, you could fit that cube into a single football stadium!
Comparably, the highest total value of the Bitcoin network had been around $300 billion in late 2017 and is hovering around $120 billion at the time of writing.

Stock to Flow and Bitcoin

If you understand how Bitcoin works, it won’t be difficult for you to understand why applying the Stock to Flow model to it might make sense. The model essentially treats bitcoins comparably to scarce commodities, like gold or silver.
Gold and silver are often called store of value resources. They, in theory, should retain their value over the long term due to their relative scarcity and low flow. What’s more, it’s very difficult to significantly increase their supply within a short period of time.
According to the advocates of the Stock to Flow model, Bitcoin is a similar resource. It’s scarce, relatively costly to produce, and its maximum supply is capped at 21 million coins. Also, Bitcoin’s supply issuance is defined on the protocol level, which makes the flow completely predictable. You also might have heard about the Bitcoin halvings, where the amount of new supply entering the system is halved every 210,000 blocks (roughly four years).

BTC Total Supply Mined (%) and Block Subsidy (BTC).

According to the proponents of this model, these properties combined create a scarce digital resource with profoundly compelling characteristics to retain value over the long-term. In addition, they assume that there’s a statistically significant relationship between Stock to Flow and market value. According to the model’s projections, Bitcoin’s price should see a significant increase over time due to it’s continually reduced Stock to Flow ratio.

Amongst others, applying the Stock to Flow model to Bitcoin is often attributed to PlanB and his article Modeling Bitcoin’s Value with Scarcity.

What is the Stock to Flow ratio of Bitcoin?

The current circulating supply of Bitcoin is approximately 18 million bitcoins, while the new supply is approximately 0.7 million per year. At the time of writing, Bitcoin’s Stock To Flow ratio is hovering at around 25. After the next halving in May 2020, the ratio will increase to the low 50s.
In the image below, you can see the historical relationship of the 365-day moving average of Bitcoin’s Stock to Flow with its price. We’ve also indicated the dates of the Bitcoin halvings on the vertical axis.

Stock-to-Flow Model for Bitcoin. Source: LookIntoBitcoin.com


The limitations of the Stock to Flow model

While Stock to Flow is an interesting model for measuring scarcity, it doesn’t account for all parts of the picture. Models are only as strong as their assumptions. For one thing, Stock to Flow relies on the assumption that scarcity, as measured by the model, should drive value. According to critics of Stock to Flow, this model fails if Bitcoin doesn’t have any other useful qualities other than supply scarcity.

Gold’s scarcity, predictable flow, and global liquidity have made it a relatively stable store of value compared to fiat currencies, which are prone to devaluation.

According to this model, Bitcoin’s volatility should also decrease over time. This is confirmed by historical data from Coinmetrics.

200-day Moving Average of 180-day Volatility of Bitcoin. Source: Coinmetrics.io

The valuation of an asset requires taking into account its volatility. If the volatility is predictable to some extent, the valuation model may be more reliable. However, Bitcoin is notorious for its large price moves.

While volatility might be decreasing on the macro level, Bitcoin has been priced in a free market from its inception. This means that the price is mostly self-regulated on the open market by users, traders, and speculators. Combine that with relatively low liquidity, and Bitcoin is likely to be more exposed to sudden spikes of volatility than other assets. So the model may not be able to account for this either.
Other external factors, such as economic Black Swan events, could also undermine this model. Though it’s worth noting that the same applies to essentially any model that tries to predict the price of an asset based on historical data. A Black Swan event, by definition, has an element of surprise. Historical data can’t account for unknown events.

Closing thoughts

The Stock to Flow model measures the relationship between the currently available stock of a resource and its production rate. It’s typically applied to precious metals and other commodities, but some argue it may be applicable to Bitcoin as well. 

In this sense, Bitcoin may be viewed as a scarce digital resource. According to this method of analysis, the unique propositions of Bitcoin should make it an asset that retains its value over the long-term. 

However, every model is as strong as its assumptions, and it may not be able to account for all aspects of Bitcoin valuation. What’s more, at the time of writing, Bitcoin has only been around for a little more than ten years. Some might argue that long-term valuation models like the Stock to Flow need a larger data set for more reliable accuracy.


Continue Reading

The Psychological Pitfalls of a Market Cycle

How to make investment decisions
When making investment decisions, investors have a wide variety of tools at their disposal.
For example, fundamental analysis can be used to estimate a stock’s intrinsic value. Technical analysis, on the other hand, requires an investor to analyze price movements to identify trends.
While these tools can form the basis of a sound investment thesis, their effectiveness is limited by one’s emotions. In today’s Markets in a Minute chart from New York Life Investments, we illustrate how sentiment can get in the way of rational decision making.

The Mentality of the Herd
Allowing emotions to dictate decisions is a common mistake made by many investors, yet they may not even realize it. Herd mentality, which refers to an individual’s tendency to be influenced by his or her peers, often leads to heightened emotions and less rational decision making. In the context of investing, this tendency becomes particularly troublesome—market developments can be sensationalized in the media, by online blogs, or through word-of-mouth.

Mapping the Sentiment Cycle
Similar to how markets move in a series of patterns and cycles, the behavior of the investor herd tends to follow a continuous “sentiment cycle.”
1. Market Recovery
Today’s chart begins at the recovery stage of a market cycle, and assumes that emotional investors have recently suffered losses.
Although a support level has been clearly established, the herd is likely too afraid to act. Their fear of making another mistake causes them to miss the optimal window to re-enter the market.

2. Market Peak
Only after prices have substantially risen does the herd begin to take notice. Many of these investors will experience the fear of missing out (FOMO), and overzealously begin buying. Valuations at this point are likely no longer attractive.

3. Market Decline
What comes up must come down, and prices eventually peak as demand weakens. Investors who become too emotionally attached can find it difficult to cut their losses early.

4. Market Trough
By this point, the sentiment cycle has run a full course. Investors who followed the herd have likely sold at a loss, and will be reluctant to re-enter the market again.

Navigating Rough Waters
Investors are prone to falling into the sentiment cycle at any time, but especially when things get rough. So-called black swan events, such as the COVID-19 pandemic, can bring volatility to markets on short notice. In these situations, it’s common for investors to flock to safe-haven assets.
Since COVID-19 was classified as a global pandemic, money market funds have been in extremely high demand:
While this dramatic shift does have its merits—equity markets have seen deep selloffs—it may be a tad drastic. Governments around the world are making serious commitments to providing economic stimulus. In the U.S., the CARES Act amounts to a massive $2 trillion, and provides direct payments to families as well as support for both the private and public sector.

Keeping a Clear Mind
Now that we’ve outlined the psychological pitfalls of a market cycle, what can one do to break away from the herd?
A good start is becoming aware of the cognitive biases we commonly exhibit when investing. These biases can be linked to many of the emotions outlined in today’s chart. Finally, maintaining a growth mindset and learning from our past mistakes can also help us make better decisions in the future.

Source: Visualcapitalist


Continue Reading

Sàn binance tạo râu nến 48XXX$, làm thế nào tránh cháy tài khoản?

Như mọi người cũng biết có rất nhiều sàn để đánh Future, tuy nhiên trong thời gian vừa qua có một số sàn có các hiện tương "Râu nến" để quét các lệnh đánh Margin Future cho nên Stock Investing Academy đã tìm ra một sàn để đánh Future rất mượt và không bị lag khi thị trường có biến động mạnh.

1. Sàn binance tạo râu nên 48XXX$ để Kill Short.


2. Sàn Bybit (Không có râu nến)

Đăng kí tài khoản: Đăng kí theo liên kết ưu đãi

Quan trọng: Đăng kí theo liên kết để được nhận tín hiệu Future miễn phí.


Lưu ý: Nếu bị cảnh báo thị cài Hola vào và chuyển IP sang nước Anh để đăng kí nhé.
Link hola
Hình hola.
 


Continue Reading

What Is V-Shaped Recovery?

What Is V-Shaped Recovery?
V-shaped recovery is a type of economic recession and recovery that resembles a "V" shape in charting. Specifically, a V-shaped recovery represents the shape of a chart of economic measures economists create when examining recessions and recoveries. A V-shaped recovery involves a sharp rise back to a previous peak after a sharp decline in these metrics.

KEY TAKEAWAYS
  • A V-shaped recovery is characterized by a quick and sustained recovery in measures of economic performance after a sharp economic decline.
  • Because of the speed of economic adjustment and recovery in macroeconomic performance, a V-shaped recovery is a best case scenario given the recession.
  • The recoveries that followed the recessions of 1920-21 and 1953 in the U.S. are examples of V-shaped recoveries. 
Understanding V-Shaped Recovery
V-shaped recovery is one of the countless shapes a recession and recovery chart could take, including L-shaped, W-shaped, U-shaped and J-shaped. Each type of recovery represents the general shape of the chart of economic metrics that gauge the health of the economy. Economists develop these charts by examining the relevant measures of economic health, such as employment rates, gross domestic product (GDP), and industrial production indexes.

In a V-shaped recovery, after the economy suffers a sharp economic decline, it then quickly and strongly recovers. Such recoveries are generally spurred by a significant shift in economic activity caused by rapid readjustment of consumer demand and business investment spending. Because of the rapid adjustment of the economy and the quick recovery in major aggregate metrics of macroeconomic performance, a V-shaped recovery can be thought of as a kind of best-case scenario once an economy has hit a recession. 

Historical Examples of V-shaped Recovery
Two periods of recession and recovery in the U.S. stand out as examples of V-shaped recoveries.
The Depression of 1920-21
In 1920 the U.S. entered a steep recession that at the time was feared to have the potential to become a major depression. The U.S. economy was still adjusting from large shifts in government spending, industrial activity, and inflationary monetary policy that had been directed to the war effort during the First World War, as well reeling from the impact of the Spanish Flu Pandemic of 1918-1920. GNP fell by 6.9%, unemployment doubled, and extreme deflation set in pushing the price level down by 18% - the largest one-year drop in the price level on record even today. The Dow Jones Industrial Average lost 47% of its value as businesses across the nation failed. 

By modern standards, the policy response to the disaster in terms of both monetary and fiscal policy was wholly inadequate to address the deep downturn. Unemployment insurance as we know it did not yet exist, though state and local committees to provide some relief were set up late in the recession. The federal government ran budget surpluses throughout the recession and recovery, which would today be called contractionary fiscal policy and virtually guaranteed by current wisdom to make a recession even worse. 

On the monetary policy front, the Federal Reserve increased the discount rate, its main policy tool at the time. The Fed raised this key interest rate and kept it high through the recession, then lowered interest rates late as the economy recovered in 1921 and beyond - what today would be called contractionary monetary policy and almost the exact reverse of what modern policy makers would do. 

The outcome of these apparent policy missteps was a sharp, V-shaped recovery as failing businesses were quickly liquidated and their assets reallocated to new uses, businesses, and industries. Prices and wages fell and adjusted to reflect the new structure of production and consumption in the post-war, post-pandemic, and increasingly urbanizing society. Workers found new jobs in the new businesses and industries, and the economy quickly recovered and entered a renewed period of expansion. 

The Recession of 1953
The recession of 1953 in the United States is another clear example of a V-shaped recovery. This recession was relatively brief, and mild with only a 2.2% decline in GDP and unemployment rate of 6.1%. Growth began to slow in the third quarter of 1953, but by the fourth quarter of 1954 was back at a pace well above the trend. Therefore, the chart for this recession and recovery would represent a V-shape.

As in 1920-21, an important factor contributing to the quick recovery was the (by modern standards wildly inappropriate) policy response, or rather the lack thereof. In monetary policy, the Fed’s response was underwhelming, with a half percentage point drop in the discount rate and a ¾ point drop in the fed funds rate late in the recession. This represents the weakest monetary policy response in the post-Second World War era. In terms of fiscal policy, the federal government took no steps to increase spending and overall tightened fiscal policy during the recession and recovery as measured by the high-employment budget surplus, an indicator of the direction of fiscal policy popular among economists.

Once again a restrained approach to monetary and fiscal policy in the face of recession facilitated the V-shaped recovery that followed. Marring the recovery is the fact that unemployment continued to rise even after the end of the declared recession, peaking in September 1954, possibly due to the Fed’s policy shift to interest rate cuts in 1954, which may have slowed the recovery.
Source: investopedia


Continue Reading

7 Dạng NFT Phổ Biến Hàng Đầu.

Giới thiệu

Trước khi có các mã thông báo không thể thay thế , việc tạo ra sự khan hiếm tài sản kỹ thuật số là vô cùng khó khăn. Mặc dù đã có các biện pháp bảo vệ bản quyền, người tiêu dùng tương đối dễ dàng sao chép hoặc ăn cắp tác phẩm nghệ thuật kỹ thuật số.
Sự phát triển của NFT đã mang lại cho chúng ta nghệ thuật tiền điện tử và các bộ sưu tập kỹ thuật số, nhưng nó không dừng lại ở đó. Từ bất động sản đến hậu cần, bạn có thể sử dụng NFT để chứng minh tính xác thực của nhiều loại hàng hóa độc đáo và có thể sưu tầm được.

Mặc dù hệ sinh thái NFT vẫn còn non trẻ, nhưng có rất nhiều dự án thú vị để khám phá và một số dự án đã tạo ra giá trị lớn cho người sáng tạo và người tiêu dùng.



NFT nghệ thuật

Các mã thông báo không thể thay thế đã giúp giải quyết các vấn đề lâu dài về sự khan hiếm trong nghệ thuật kỹ thuật số. Làm thế nào để bạn giữ cho tác phẩm nghệ thuật ảo trở nên hiếm hoi khi bạn có thể sao chép nó bằng kỹ thuật số? Mặc dù cũng có nghệ thuật giả trong thế giới thực, nhưng chúng tôi thường có thể xác thực chúng.

Nghệ thuật tiền điện tử nhận được hầu hết giá trị của nó từ việc xác minh tính xác thực và quyền sở hữu của nó bằng kỹ thuật số. Mặc dù bất kỳ ai cũng có thể nhìn vào một CryptoPunk trên chuỗi khối Ethereum và tải xuống hoặc lưu hình ảnh, nhưng chúng tôi không thể chứng minh rằng chúng tôi sở hữu bản gốc.
Ví dụ: nghệ sĩ kỹ thuật số ẩn danh Pak đã tạo ra một loạt NFT , mỗi NFT giống hệt nhau về tên gọi. Với những cái tên như Rẻ, Đắt và Không bán được, Pak đã đặt cho mỗi tác phẩm một giá trị khác nhau dựa trên tiêu đề. Bộ sưu tập khiến chúng tôi suy nghĩ về những gì mang lại giá trị cho một tác phẩm nghệ thuật. 
Khi nói đến NFT, giá trị không nhất thiết là về tác phẩm nghệ thuật đính kèm. Đôi khi, điều quan trọng hơn là chứng minh quyền sở hữu đối với tài sản cụ thể đó. Khía cạnh này là điều làm cho nghệ thuật tiền điện tử trở thành một trong những trường hợp sử dụng NFT phổ biến nhất hiện có.


NFT sưu tầm được

Cho dù đó là PancakeSwap Bunny hay Binance Anniversary NFT, nhu cầu sưu tầm kỹ thuật số rất lớn. Trường hợp sử dụng này thậm chí đã trở thành xu hướng phổ biến với thẻ giao dịch NBA NFT sưu tầm NBA Top Shot .
Cùng với nghệ thuật NFT kỹ thuật số, các mã thông báo không thể thay thế này chiếm một tỷ lệ đáng kể trong doanh số bán hàng trên các thị trường NFT như Opensea, BakerySwap và Treasureland. cái. Hai trường hợp sử dụng này là phát triển nhất mà chúng tôi hiện có.
Dòng tweet đầu tiên của Jack Dorsey là một ví dụ tuyệt vời về bộ sưu tập NFT. Trong khi CryptoPunk có thể sưu tầm và mang tính nghệ thuật trực quan, thì NFT của Dorsey có giá trị hoàn toàn về tính sưu tầm của nó.


Dorsey đã bán NFT bằng cách sử dụng Giá trị, một nền tảng mã hóa các tweet. Bạn có thể đặt một đề nghị trên bất kỳ tweet nào. Bất kỳ ai cũng có thể sử dụng một đề nghị ngược lại và trả giá cao hơn bạn. Sau đó, tùy thuộc vào tác giả tweet để chấp nhận hoặc từ chối một đề nghị. Nếu họ chấp nhận, tweet sẽ được đúc trên blockchain, tạo ra một NFT có 1 không 2 với chữ ký của họ.

Mỗi NFT được ký bởi Twitter @handle của người sáng tạo đã được xác minh của nó, có nghĩa là chỉ người sáng tạo ban đầu mới có thể chuyển các tweet của họ thành NFT. Quá trình này tạo ra một bộ sưu tập kỹ thuật số, quý hiếm để giao dịch hoặc lưu giữ. Khái niệm bán một tweet có thể hơi khó để nắm bắt, nhưng đó là một ví dụ tuyệt vời về cách NFT tạo ra tính thu thập. Về cơ bản nó là phiên bản kỹ thuật số của một chữ ký có chữ ký.

NFT tài chính

Thật dễ dàng để quên rằng không phải mọi NFT đều có giá trị từ một bài hát, hình ảnh hoặc vật phẩm sưu tầm được. Trong lĩnh vực tài chính phi tập trung (DeFi), NFT cũng cung cấp các lợi ích tài chính độc đáo. Hầu hết sẽ có một số tác phẩm nghệ thuật, nhưng giá trị của chúng đến từ tiện ích của chúng.
Ví dụ: JustLiquidity cung cấp một mô hình đặt cược NFT . Người dùng có thể đặt cược một cặp mã thông báo trong một nhóm trong một khoảng thời gian nhất định và nhận được NFT để truy cập vào nhóm tiếp theo. NFT hoạt động giống như một vé vào cửa và bị phá hủy khi bạn tham gia vào nhóm mới. Mô hình này tạo ra một thị trường thứ cấp cho các NFT này dựa trên quyền truy cập mà chúng cung cấp.
Một ví dụ khác là các combo thực phẩm NFT của BakerySwap cung cấp phần thưởng đặt cược tăng lên cho người sở hữu. Bằng cách đóng góp BAKE, bạn sẽ nhận được một combo NFT cung cấp một lượng sức mạnh đặt cược khác nhau. Người dùng suy đoán về các kết hợp này, bán chúng trên thị trường thứ cấp hoặc sử dụng chúng để đặt cược. Sự kết hợp NFTs với gamification và DeFi này tạo ra một trường hợp sử dụng thú vị khác cho các token không thể thay thế.


NFT chơi game

Trò chơi có nhu cầu rất lớn về các mặt hàng độc đáo có thể giao dịch và mua được. Độ hiếm của chúng ảnh hưởng trực tiếp đến giá của chúng và các game thủ đã quen với ý tưởng về những món đồ kỹ thuật số có giá trị. Các giao dịch vi mô và mua hàng trong trò chơi đã tạo ra một ngành công nghiệp trò chơi trị giá hàng tỷ đô la có thể khai thác NFT và công nghệ blockchain.

Đây cũng là một lĩnh vực thú vị về những gì mà NFT đại diện. Token cho trò chơi điện tử kết hợp các khía cạnh nghệ thuật, tính sưu tầm và tiện ích cho người chơi. Tuy nhiên, khi nói đến các trò chơi điện tử kinh phí lớn, việc triển khai NFT còn lâu mới có.

Trong khi đó, các dự án khác đã tích cực xây dựng công nghệ blockchain vào các trò chơi của họ. Axie InfinityBattle Pets đều là trò chơi theo phong cách Pokémon với vật nuôi và vật phẩm có thể giao dịch. Bạn cũng có thể mua và bán các mã thông báo này trên các thị trường bên ngoài (bán hàng ngang hàng). 
NFT chơi game có thể là mỹ phẩm, nhưng nhiều thứ cũng có tiện ích. Mỗi vật nuôi của Axie đều có một bộ khả năng chiến đấu. Những khả năng này cũng ảnh hưởng đến giá trị của vật nuôi khi giao dịch. CryptoKitty có thể cực kỳ có giá trị chỉ vì các thuộc tính lai tạo mong muốn của nó. Việc xác định giá trị của mỗi vật nuôi phụ thuộc vào sự kết hợp của ngoại hình, tính năng và tiện ích quý hiếm. Trong ví dụ dưới đây, chúng ta không chỉ thấy một khía cạnh mong muốn, hiếm gặp mà là nhiều khía cạnh.


NFT âm nhạc

Giống như tệp hình ảnh hoặc video, bạn cũng có thể đính kèm âm thanh vào NFT để tạo một bản nhạc sưu tầm. Hãy coi nó như một “ấn bản đầu tiên” kỹ thuật số của một bản ghi. Việc đính kèm bài hát vào NFT tương tự như ví dụ nghệ thuật của chúng tôi, nhưng có những trường hợp sử dụng khác.

Một vấn đề lớn đối với các nhạc sĩ là được chia tiền bản quyền một cách công bằng. Nhưng có ít nhất hai cách khả thi để đạt được kết quả cân bằng: nền tảng phát trực tuyến dựa trên blockchain và theo dõi tiền bản quyền blockchain. Việc cạnh tranh với Amazon Music hoặc Youtube cho các dịch vụ phát trực tuyến là điều khó khăn đối với các dự án blockchain nhỏ. Ngay cả khi một gã khổng lồ như Spotify mua giải pháp tiền bản quyền blockchain có tên là MediaChain vào năm 2017, không có lợi ích thực sự nào cho các nghệ sĩ.

Trong khi đó, các dự án nhỏ hơn đã kết thúc hoạt động chủ yếu với các nghệ sĩ độc lập. Rocki trên Binance Smart Chain cung cấp cho các công ty độc lập một nền tảng để bán tiền bản quyền và phát trực tuyến nhạc của họ. Lần bán NFT tiền bản quyền đầu tiên của họ trên nền tảng đã huy động được 40 ETH với 50% tiền bản quyền bằng cách sử dụng tiêu chuẩn mã thông báo ERC721.

Mô hình này có trở nên phổ biến hơn hay không sẽ phụ thuộc vào việc áp dụng nó bởi các dịch vụ phát trực tuyến lớn hơn. Kết hợp âm nhạc với NFT là một ý tưởng tuyệt vời cho một trường hợp sử dụng, nhưng nó có thể gặp khó khăn để đạt được thành công nếu không có sự hỗ trợ của các hãng âm nhạc.


NFT tài sản trong thế giới thực 

Liên kết tài sản trong thế giới thực với NFT có thể số hóa cách chúng tôi chứng minh quyền sở hữu. Ví dụ, trong lĩnh vực bất động sản, chúng tôi thường xử lý các giao dịch tài sản vật chất. Việc tạo các tài sản kỹ thuật số được mã hóa từ những việc làm này có thể chuyển các mặt hàng có tính thanh khoản cao (như nhà hoặc đất) vào blockchain. Khi nói đến ứng dụng này, chúng tôi đã không thấy các cơ quan quản lý cung cấp nhiều hỗ trợ cho đến nay. Nó vẫn còn rất nhiều trong quá trình phát triển nhưng là một trong những điểm đáng chú ý trong tương lai.

Vào tháng 4 năm 2021, Shane Dulgeroff đã tạo ra một NFT đại diện cho một bất động sản để bán ở California. Nó cũng có một tác phẩm nghệ thuật tiền điện tử được gắn vào mã thông báo. Bất kỳ ai thắng cuộc đấu giá sẽ nhận được NFT và quyền sở hữu ngôi nhà. Tuy nhiên, tình hình pháp lý chính xác của việc mua bán và quyền lợi của người mua hoặc người bán là không chắc chắn.


Khi nói đến các mặt hàng nhỏ hơn, như đồ trang sức, NFT có thể giúp chứng minh quyền sở hữu hợp pháp khi bán lại. Ví dụ, một viên kim cương chính hãng, có đạo đức thường đi kèm với giấy chứng nhận tính xác thực. Giấy chứng nhận này cũng là một cách chứng minh bạn có quyền sở hữu. Bất kỳ ai cố gắng bán lại mặt hàng mà không có chứng chỉ đều không thể xác nhận tính xác thực của nó và có thể gặp khó khăn trong việc thuyết phục người mua rằng họ là chủ sở hữu hợp pháp.

Khái niệm tương tự cũng có thể xảy ra với NFT. Bằng cách có một NFT được liên kết với một mặt hàng, việc sở hữu NFT có thể trở nên quan trọng như sở hữu tài sản. Bạn thậm chí có thể nhúng NFT vào một mặt hàng có ví lưu trữ lạnh vật lý. Khi chúng ta thấy Internet of Things phát triển, chúng ta có thể sẽ thấy nhiều NFT hơn được sử dụng để đại diện cho tài sản trong thế giới thực.

NFT Logistics

Công nghệ chuỗi khối cũng có thể hữu ích trong ngành hậu cần, đặc biệt vì tính bất biến và tính minh bạch của nó. Những khía cạnh này đảm bảo rằng dữ liệu chuỗi cung ứng vẫn xác thực và đáng tin cậy. Với thực phẩm, hàng hóa và các loại hàng hóa dễ hỏng khác, điều quan trọng là phải biết chúng đã ở đâu và trong bao lâu.

NFT cũng có thêm lợi ích là đại diện cho các mặt hàng độc đáo. Chúng tôi có thể sử dụng NFT để theo dõi một sản phẩm chứa siêu dữ liệu về nguồn gốc, hành trình và vị trí kho hàng của sản phẩm đó. Ví dụ:

  • Một đôi giày cao cấp sang trọng được tạo ra tại một nhà máy ở Ý. Nó được chỉ định một NFT mà bạn có thể nhanh chóng quét trên bao bì của nó.

  • Siêu dữ liệu có dấu thời gian được bao gồm về thời gian và địa điểm đôi giày được tạo ra.

  • Khi sản phẩm đi qua chuỗi cung ứng, NFT được quét và siêu dữ liệu có dấu thời gian mới được thêm vào. Dữ liệu có thể bao gồm vị trí kho hàng và thời gian đến hoặc đi.

  • Khi đôi giày đến điểm đến cuối cùng, cửa hàng có thể quét chúng và đánh dấu là đã nhận. Lịch sử chi tiết chính xác có sẵn để xem và xác nhận tính xác thực và hành trình hậu cần của đôi giày.

Có rất nhiều cách giả định để triển khai NFT vào chuỗi cung ứng. Tuy nhiên, tất cả chúng đều yêu cầu mỗi giai đoạn của chuỗi phải sử dụng cùng một cơ sở hạ tầng. Với rất nhiều người chơi và các bên liên quan khác nhau tham gia trên toàn cầu, việc triển khai các hệ thống này trong cuộc sống thực có thể là một thách thức. Yếu tố này đã dẫn đến chỉ một số ít trường hợp sử dụng trong đời thực. 

Hiện tại, hệ thống TradeLens của MAERSK và Foot Trust của IBM là hai ví dụ về các giải pháp hậu cần blockchain lớn. Cả hai đều sử dụng Hyperledger Fabric, một blockchain của IBM hỗ trợ việc sử dụng NFT. Tuy nhiên, không rõ liệu NFT có đóng vai trò gì trong hoạt động của chúng hay không.


Continue Reading

Amazon is hiring a digital currency and blockchain expert, signaling a growing interest in cryptocurrency

Amazon is looking to add a digital currency and blockchain expert to its payments team, suggesting the company could be taking a more serious look at cryptocurrencies such as bitcoin.

According to a recent job posting, Amazon’s payments acceptance and experience team is seeking to hire an “experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap.”

“You will leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities,” according to the job posting, which was previously reported by Insider.

Amazon confirmed the job posting.

An Amazon spokesperson said in a statement: “We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon. We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.”

The company’s cloud-computing unit, Amazon Web Services, offers a service called managed blockchain. But Amazon doesn’t accept any cryptocurrencies as payment for its products. Amazon CEO Andy Jassy (then CEO of AWS) said in 2017 that the company wasn’t particularly focused on blockchain technology, though he acknowledged Amazon was “watching it carefully.”

Digital currencies like bitcoin have grown in popularity in recent years, leading to more institutional adoption. Technology companies have also warmed up to cryptocurrency, including Facebook, which has backed a digital currency project called Diem. In May, Apple said it was looking to hire a lead negotiator to strike partnerships with “alternative payments” partners, listing cryptocurrency as one area of potential job expertise.


Continue Reading

Cổ phiếu tập đoàn bất động sản Evergrande ngừng giao dịch trên sàn chứng khoán Hongkong

Cùng bị ngưng giao dịch còn có cổ phiếu của công ty Dịch vụ bất động sản Evergrande (EPSG), một công ty con của Evergrande. Nhà điều hành sàn chứng khoán Hongkong thông báo quyết định ngừng giao dịch với hai cổ phiếu trên đây trong sáng ngày 4/10, chính thức có hiệu lực từ 9 giờ sáng cùng ngày (giờ địa phương).

Tuy nhiên, giới điều hành không nói rõ lý do ngưng giao dịch này. Evergrande cũng không phản hồi trước yêu cầu của giới báo chí, đề nghị cho biết phản ứng trước thông tin này. Chốt phiên giao dịch cuối cùng ngày 1/10, giá cổ phiếu của Evergrande được giao dịch ở mức giá 2,95 đôla Hongkong/cổ phiếu (38 xu/cổ phiếu).

Từng là nhà phát triển bất động sản hàng đầu tại Trung Quốc, Evergrande đang lún sâu trong núi nợ lên đến 305 tỉ USD, tương đương với 2% tổng GDP của Trung Quốc. Đã từng xuất hiện nhiều quan ngại rằng khủng hoảng Evergrande có thể ảnh hưởng lớn tới hệ thống tài chính Trung Quốc và tác động đến thị trường toàn cầu. Lo ngại được giải tỏa phần nào khi Ngân hàng Nhân dân Trung Quốc (PBoC) cam kết bảo đảm quyền lợi cho nhà đầu tư mua nhà của Evergrande.

Cổ phiếu của nhiều tập đoàn bất động sản lớn khác tại Trung Quốc niêm yết trên sàn chứng khoán Hongkong ngay lập tức chịu tác động mạnh. Giá cổ phiếu của tập đoàn bất động sản Quảng Châu R&F rớt 7%, của Sunac China Holdings và Country Garden giảm lần lượt 8% và 4% trong phiên giao dịch buổi sáng ngày 4/10.

Từng là nhà phát triển bất động sản hàng đầu, Evergrande hiện được đưa vào diện cần phải tiến hành một đợt tái cấu trúc lớn nhất trong lịch sử Trung Quốc. Tính từ đầu năm đến nay, cổ phiếu của Evergrande đã mất tới 82% giá trị. Cổ phiếu của EPSG giảm giá 43%. Trong khi vay nợ, phát hành trái phiếu, Evergrande ưu tiên tiếp cận các nhà đầu tư nội trước nhà đầu tư nước ngoài.

Nhưng rắc rối hiện nay lại đến từ khối nhà đầu tư nước ngoài. Evergrande đã hai lần không thể thực hiện nghĩa vụ thanh toán lãi suất trái phiếu đúng hạn cho nhà đầu tư nước ngoài. Giới đầu tư toàn cầu đang nắm giữ trái phiếu bằng đồng USD của Evergrande đã không thể nhận được khoản chi trả lãi suất đáo hạn ngày 23/9. Khoản tiền này trị giá khoảng 83,5 triệu USD, ứng với lượng trái phiếu phát hành 2,93 tỉ USD. Kế đến là khoản lãi suất trái phiếu 45,2 triệu USD đáo hạn trong tuần trước.

Evergrande cũng sẽ phải đối diện với khoản trả lãi suất trái phiếu bằng đồng USD trị giá 162,38 triệu USD trong tháng tới. Tính tổng cộng, Evergrande đang phải gánh khoản nợ khoảng 20 tỉ USD trái phiếu phát hành cho nhà đầu tư nước ngoài. Evergrande có 1 tháng (gọi là vùng xám) để thanh toán khoản lãi thay vì trả đúng ngày. Về mặt kỹ thuật, công ty sẽ chỉ bị tuyên bố vỡ nợ khi chậm thanh toán 30 ngày.

Theo báo cáo tài chính mới nhất của Evergrande, tập đoàn này có khoản nợ ngắn hạn phải trả lên đến 240 tỉ nhân dân tệ (37 tỉ USD) tính tới thời điểm tháng 6/2022, trong đó có tiền vay ngân hàng, tiền trả cho nhà đầu tư trong nước và trả lãi trái phiếu cho trái chủ là nhà đầu tư nước ngoài.

Làm thế nào để có khoảng lợi nhuận cổ phiếu như chúng tôi.




Continue Reading

Toast’s three co-founders are all billionaires after company’s IPO

KEY POINTS
  • Toast’s three co-founders previously worked together at Endeca, which Oracle acquired for $1 billion in 2011.
  • After Toast’s market cap topped $30 billion in its debut Wednesday, each of the founders owns shares worth over $1 billion.
  • They are among a long and growing roster of tech founders who have joined the three-comma club in 2021.
Toast’s surge past $30 billion in market cap in its stock market debut on Wednesday turned all three of its co-founders into billionaires.

Steve Fredette, Aman Narang and Jonathan Grimm started the company in 2012 after their prior employer, Endeca, was sold to Oracle for $1 billion. They stayed home in Cambridge, Massachusetts, where Endeca was based, and built their restaurant hardware and software system by testing products on local bars, restaurants and cafes.

Fredette, Toast’s president, owns 33.2 million shares, for a stake worth $2.1 billion as of Wednesday’s close. Grimm, the company’s chief technology officer, controls 26.8 million shares, worth $1.7 billion, while Narang, the chief operating officer, owns 24.6 million shares, for a stake valued at just over $1.5 billion.
The three founders and other insiders are restricted from selling stock for 180 days as part of the lockup agreement, so the value of their stakes could go up or down dramatically by the time they can start cashing out.

But based on the stock’s debut price Wednesday, the trio joins a growing list of tech executives and founders who are seeing their net worth swell during a booming year for IPOs and expanding tech valuations. The founders of Coinbase, UiPath, Roblox and Robinhood are among others who have joined the three-comma club in 2021. At least 19 tech companies that have gone public this year are now worth at least $10 billion, according to FactSet.

Full circle to mobile payments

Toast’s initial product almost a decade ago focused on mobile payments, allowing consumers to pay for meals from their devices. However, the point-of-sale systems at restaurants made integrations difficult, if not impossible, at that time.

To make real headway in an industry with low margins and tight budgets, Toast decided it needed to rebuild the entire tech stack, including all the hardware and software that restaurants use to manage their operations.
The founders also sought out more experienced help from their Endeca network, hiring Chris Comparato as CEO. He was previously an executive vice president at Endeca and after that spent over two years running customer success at Acquia. Comparato’s stake in Toast jumped to over $700 million in value on Wednesday.

By the time Comparato joined, Toast had made a critical decision that seemed risky at the time but turned out to be critical in the long run.

Some payments start-ups were using iPads as their business cash registers, but Toast chose to build on Android, even though the technology was clearly inferior.

“Early on, iOS was the better platform,” Fredette said, in an interview on Wednesday from the New York Stock Exchange. “The devices were more expensive and higher grade.”

But as sleek as iPads looked and felt, Toast recognized a number of potential problems if they followed the Apple route. Most important, Apple’s system is locked down — it owns all of the hardware and software. As a third-party developer, the best Toast would be able to do is build a killer app.

Android’s technology, though plagued by buggy software and frequent updates, was all open source. That meant Toast could design its own hardware and go deep into the software, using a core operating system that Google originated but that nobody really controlled. That gave Toast immense flexibility to meet customer demand.

“Over time as we got greater scale, we could go direct to manufacturers to build whatever we needed to for the industry,” Fredette said.

The company’s offerings, which include a full point-of-sale terminal, handheld devices for waitstaff and mobile ordering and payment software used by consumers, are now deployed by 29,000 customers in 48,000 restaurant locations.

Over the last year, consumers have become much more familiar with Toast — for reasons the founders never could have predicted.

Covid-19 initially hammered the business, which is almost entirely dependent on a thriving dine-out industry. But as restaurants grappled with pandemic restrictions and tried to find ways to satisfy consumer demand for takeout options and contactless ordering, Toast showed up with a suite of options that most upscale eateries had never considered.

One of the most popular products has been mobile ordering, which consumers use from their device to avoid physical menus and to pay automatically without waiting for a check. It’s exactly what the company wanted to do eight years ago, when the technology was far from ready.

“We certainly see it as something that’s come full circle,” Narang said on Wednesday. “It’s amazing to see some of the growth.”


Continue Reading

[Forex] - How To Use Tradingview

TL;DR

TradingView is a browser-based charting platform and screener for cryptocurrencies and other financial assets. Its charting tools are also available to use natively in Binance’s trading UI. Apart from charting, you can also share your trading strategies and live stream your analysis.

When it comes to free options, TradingView is a powerful tool for all experience levels. The basic features should be enough for most traders. However, be careful browsing through other users’ ideas and streams. It’s important to filter out the information that adds value to your strategy rather than blindly following others.

Introduction

For traders who love technical analysis, robust charting tools are essential. TradingView is one option for both amateur and experienced traders. It offers numerous trading and charting tools and also a free membership option. Let’s face it... not everyone has the money or need for a Bloomberg terminal subscription.

If you’ve been trading on Binance, you might have already noticed TradingView’s tools available on the exchange. But without understanding them, it can look a little intimidating. There’s a huge amount to try, but where’s the best place to begin? Dive into our beginner’s guide to see what TradingView can offer.
What does TradingView do?

TradingView is a platform that lets you customize technical indicators, create charts, and analyze financial assets. These indicators are patterns, lines, and shapes that millions of traders use every day. TradingView is entirely browser-based, with no need to download a client. You can also download an app for iOS and Android if you prefer a mobile experience.
TradingView was launched in Westerville, Ohio, in 2011 and now boasts a large user base, with eight million accounts created in 2020 alone. Users can chart and analyze various stocks, commodities, and cryptocurrencies like Bitcoin with either a free or paid account. Once you’ve created strategies and templates, you can publish your findings to the community. This way, you can build your skills with feedback from other TradingView members.

TradingView in Binance

Binance has built-in TradingView tools in its exchange UI, allowing users to create charts and trade simultaneously. The tools you see on the left are just a small selection of what’s available and offer a similar experience to TradingView’s website.

For a quick tour of the interface, find out How to use the Binance Web TradingView Tool
How expensive is TradingView?

As we mentioned, TradingView is free for anyone to use. There are also paid subscriptions that increase the number of indicators and charts you can view simultaneously. For beginners, a free account with one chart and three indicators is a good start. You’ll also have to put up with adverts, but they aren’t too intrusive. Below you can see more details on the differences in the packages:


What is TradingView’s social network?

TradingView offers Instagram-like features for sharing and showing off trading strategies. The website’s Ideas and Streams pages give you a chance to pick up tips or get feedback. If you navigate to the Ideas page, you’ll see charts, videos, and commentaries from other users. Community members can also get involved in discussions and chat rooms. But remember that any user can create and share ideas, so be careful. Every trader has a different style and strategy, so you should not take these as financial advice.

Just like you might watch a Twitch stream of your favorite gamer, TradingView Streams let you observe other traders create charts in real-time. It’s a fun extra feature but still in beta, and the amount of content is relatively low.

Understanding the TradingView UI

If you’ve never used charting tools before, TradingView can look a bit confusing. Let’s break it down a bit first.
Toolbar 1

This toolbar contains all the charting and drawing tools usable directly in the chart area. From simple lines to long/short positions, there’s a lot to explore. You can also right-click each tool to see an extended selection. Some are more advanced than others, but the default lineup contains enough basics to get started.
Toolbar 2

Here you’ll find options to change the look of the chart. You can choose between candlesticks, line graphs, area graphs, and more. There’s also a search bar to the left to change the asset displayed. Another tool to note is the [Indicators & Strategies] button to insert premade analysis patterns like a moving average.

Toolbar 3

TradingView doesn’t offer a brokerage service, but you can trade within the website using the [Trading Panel] tab. You’ll find a list of partners you can exchange with if you already have an open account with them. You can also backtest your strategies using the [Strategy Tester] function. 

Toolbar 4

This section mainly covers news and TradingView’s social elements. You can customize your watchlist, private message other users, explore Ideas and Streams, and access a personalized calendar. If you need to find any data, lists, or information, this is the area to visit.

Chart area

When you change the asset you’re looking at, use any tools, or place indicators, you’ll find them displayed in the main chart area. You can also customize almost everything you see, which we’ll cover in the next section.

Personalizing your TradingView charts

Everyone has their preferences when it comes to chart layout. Customizing colors, lines, and axes makes it easier to read and understand your graphs quickly. You can find all the options you’ll need by right-clicking the graph area and clicking [Settings...].

You can also reset your chart if it gets messy and set custom email price alerts from the [Settings...] menu.

Once you’ve clicked [Settings...] you’ll find yourself in the [Chart settings] window where you can play with a range of options. Let’s quickly go through the basics.

1. [Symbol] lets you change the way that your candlestick charts look. Every part of the candlestick pattern can be color-coded the exact way you like. 

2. [Status line] contains options to change the information you’ll find in the top left of the chart, such as OHLC (open, high, low, and close prices) data and buy and sell buttons. The red box shows the lowest ask price (38,345.96), and the blue box the highest bid (38,345.97). In between, you have the bid-ask spread (0.01).

3. [Scales] provides options to change the trackers you can see on the right-hand axis. For example, you could add the day’s high and low prices or the countdown to bar close.

4. [Appearance] lets you change your grid lines, background color, axes, and other cosmetic features.

5. [Trading] allows you to customize visual elements if you’ve logged into a broker account.

6. [Events] gives you options to display dividends, splits, and other events on the chart area.

Along with setting up the chart view, you might also want to change the intervals of your candlesticks or other symbols. To do this, go to the top bar and click the far left button. You’ll now find a long list of different intervals, ranging from seconds to months. You can also favorite some intervals so they will show up on your top bar.


Once you start customizing your chart, there’s no need to save it manually. TradingView saves all your edits in real-time, so you can log out and come back to them later.

Drawing trend lines

For your first chart, you can’t go wrong with a trend line. It’s a beginner-friendly way of modeling price action and one of the most commonly used chart patterns for day trading and swing trading. 
1. To start the tutorial, select the line tool from the left side toolbar.

2. You also might want to turn on the magnet tool. Your lines will snap to any nearby OHLC points, which is helpful for improved accuracy.
3. For a downtrend, start at a local high point (point 1) before a price dip, known as a swing high. Click where you want the line to start and try to include as many highs as possible. Click again when you want to complete your trend line.

Points 1, 2, and 3 indicate points of resistance. It’s always best to have at least three points testing your trend line, as two points could be coincidental. Point 4 shows a breakout from the trend, meaning that it’s best to draw a new trend line. 

Once you have an established downtrend, one possible strategy is to sell when the price meets and tests your line. If you decide to draw an uptrend, make sure you start your line using a low price so that the line is underneath your candlestick.

For more information on this, please check The Basics of Support and Resistance Explained.

Drawing a pitchfork

A pitchfork is a more advanced chart that develops the trend line concept. The technical indicator was created by Alan Andrew, a famous 20th-century American investor and educator. It’s easy to draw and provides more insight than a simple trend line, so let’s go through it step-by-step.

1. To begin, select the pitchfork tool underneath the line tool.

2. We’re going to create our pitchfork by picking three points at the beginning and end of trends. 

3. You can see in the example below that we’ve started with point 1, the swing low of a downtrend. We’ve then clicked point 2, the swing high of an uptrend, followed by point 3, the swing low of the next downtrend.

4. These points create a pitchfork shape, with the top line extending from point 2 showing the resistance level and the bottom line extending from point 3 showing the support level. The median line is where the price is expected to gravitate towards.

5. Similar to our trendline example, the support line shows possible areas to buy and the resistance line where you could sell. You could also place a stop-loss order just below the bottom trendline as a risk management method. Note that, just like any other indicator, pitchfork won’t always work as expected. Consider combining it with other tools and strategies to reduce the risks.

If you’re interested in learning more, check out How To Create TA Indicators on TradingView.

Pros and cons of TradingView

TradingView is just one choice out of many when it comes to asset screeners. Most offer a similar set of charting and trading tools, but let’s take a look at the main aspects. TradingView certainly does some things very well, but there is also room for improvement.

Pros

  • HTML5 charting - Any device with an internet browser can access TradingView. You don’t need to install any software and can view your charts anywhere. 
  • Free membership - Anyone can access the majority of features available.
  • Server-side alerting system - If you set an alert, TradingView will keep track of this on their servers. You don’t need to have TradingView open to receive alert notifications. 
  • Binance compatibility - While you can’t access Binance from TradingView’s website, you can use TradingView in Binance’s trading UI. You can easily buy and sell crypto with Binance and also create charts on the fly. 
  • Scripts - More advanced users can create custom indicators saved to TradingView’s servers. This feature is powered using Pine Script, TradingView’s custom coding language that is simple to use.
  • Asset selection - There’s a considerable amount of equities, securities, commodities, and forex info available to chart. We’re not just limited to cryptocurrencies here! 
  • Backtesting - Once you’ve developed a strategy, it’s simple to backtest using the inbuilt feature.
Cons

  • Community issues - While the Streams and Ideas tab concept is interesting, the quality of what you’ll find varies greatly. A lot of advice given is highly speculative and not very helpful for new users. The comments section also has occasional trolling.
  • Customer support - The TradingView community commonly reports problems with TradingView’s customer support. Only paying customers can raise issues, and free users receive no support.
  • Brokerage integration - TradingView has incorporated some brokers and trading platforms, but the options are still quite limited.
  • Cboe BZX data - TradingView’s prices for U.S. stocks don’t come directly from their associated stock markets. NASDAQ stocks, for example, get their price from the Cboe BZX exchange, which can differ slightly from the actual price. Real-time data from an exchange is available for a fee.

Closing thoughts

For anyone looking for a free solution with a significant amount of tools to use, TradingView is a solid option to explore. Their educational material is also free to access and easily covers the basics of charting and technical indicators in detail.

The social side, however, isn’t so strong. Chat rooms often contain speculative advice that you should avoid. This factor makes the social aspects less valuable for beginners as you need to sift through good and bad advice. 

Nevertheless, TradingView is worth trying for its chart tools alone and is a great place to backtest trading strategies. Technical analysis is a deep topic, and you'll have more than enough to explore with just a free account.
Disclaimer: The content presented here is for educational purposes. This article is not an endorsement or recommendation, and the information provided should not be regarded as financial advice. All screenshots were taken from TradingView's official website and are in accordance with their Terms of Use.


Continue Reading

[Crypto] - How to use tradingview

TL;DR

TradingView is a browser-based charting platform and screener for cryptocurrencies and other financial assets. Its charting tools are also available to use natively in Binance’s trading UI. Apart from charting, you can also share your trading strategies and live stream your analysis.

When it comes to free options, TradingView is a powerful tool for all experience levels. The basic features should be enough for most traders. However, be careful browsing through other users’ ideas and streams. It’s important to filter out the information that adds value to your strategy rather than blindly following others.

Introduction

For traders who love technical analysis, robust charting tools are essential. TradingView is one option for both amateur and experienced traders. It offers numerous trading and charting tools and also a free membership option. Let’s face it... not everyone has the money or need for a Bloomberg terminal subscription.

If you’ve been trading on Binance, you might have already noticed TradingView’s tools available on the exchange. But without understanding them, it can look a little intimidating. There’s a huge amount to try, but where’s the best place to begin? Dive into our beginner’s guide to see what TradingView can offer.
What does TradingView do?

TradingView is a platform that lets you customize technical indicators, create charts, and analyze financial assets. These indicators are patterns, lines, and shapes that millions of traders use every day. TradingView is entirely browser-based, with no need to download a client. You can also download an app for iOS and Android if you prefer a mobile experience.
TradingView was launched in Westerville, Ohio, in 2011 and now boasts a large user base, with eight million accounts created in 2020 alone. Users can chart and analyze various stocks, commodities, and cryptocurrencies like Bitcoin with either a free or paid account. Once you’ve created strategies and templates, you can publish your findings to the community. This way, you can build your skills with feedback from other TradingView members.

TradingView in Binance

Binance has built-in TradingView tools in its exchange UI, allowing users to create charts and trade simultaneously. The tools you see on the left are just a small selection of what’s available and offer a similar experience to TradingView’s website.

For a quick tour of the interface, find out How to use the Binance Web TradingView Tool
How expensive is TradingView?

As we mentioned, TradingView is free for anyone to use. There are also paid subscriptions that increase the number of indicators and charts you can view simultaneously. For beginners, a free account with one chart and three indicators is a good start. You’ll also have to put up with adverts, but they aren’t too intrusive. Below you can see more details on the differences in the packages:


What is TradingView’s social network?

TradingView offers Instagram-like features for sharing and showing off trading strategies. The website’s Ideas and Streams pages give you a chance to pick up tips or get feedback. If you navigate to the Ideas page, you’ll see charts, videos, and commentaries from other users. Community members can also get involved in discussions and chat rooms. But remember that any user can create and share ideas, so be careful. Every trader has a different style and strategy, so you should not take these as financial advice.

Just like you might watch a Twitch stream of your favorite gamer, TradingView Streams let you observe other traders create charts in real-time. It’s a fun extra feature but still in beta, and the amount of content is relatively low.

Understanding the TradingView UI

If you’ve never used charting tools before, TradingView can look a bit confusing. Let’s break it down a bit first.
Toolbar 1

This toolbar contains all the charting and drawing tools usable directly in the chart area. From simple lines to long/short positions, there’s a lot to explore. You can also right-click each tool to see an extended selection. Some are more advanced than others, but the default lineup contains enough basics to get started.
Toolbar 2

Here you’ll find options to change the look of the chart. You can choose between candlesticks, line graphs, area graphs, and more. There’s also a search bar to the left to change the asset displayed. Another tool to note is the [Indicators & Strategies] button to insert premade analysis patterns like a moving average.

Toolbar 3

TradingView doesn’t offer a brokerage service, but you can trade within the website using the [Trading Panel] tab. You’ll find a list of partners you can exchange with if you already have an open account with them. You can also backtest your strategies using the [Strategy Tester] function. 

Toolbar 4

This section mainly covers news and TradingView’s social elements. You can customize your watchlist, private message other users, explore Ideas and Streams, and access a personalized calendar. If you need to find any data, lists, or information, this is the area to visit.

Chart area

When you change the asset you’re looking at, use any tools, or place indicators, you’ll find them displayed in the main chart area. You can also customize almost everything you see, which we’ll cover in the next section.

Personalizing your TradingView charts

Everyone has their preferences when it comes to chart layout. Customizing colors, lines, and axes makes it easier to read and understand your graphs quickly. You can find all the options you’ll need by right-clicking the graph area and clicking [Settings...].

You can also reset your chart if it gets messy and set custom email price alerts from the [Settings...] menu.

Once you’ve clicked [Settings...] you’ll find yourself in the [Chart settings] window where you can play with a range of options. Let’s quickly go through the basics.

1. [Symbol] lets you change the way that your candlestick charts look. Every part of the candlestick pattern can be color-coded the exact way you like. 

2. [Status line] contains options to change the information you’ll find in the top left of the chart, such as OHLC (open, high, low, and close prices) data and buy and sell buttons. The red box shows the lowest ask price (38,345.96), and the blue box the highest bid (38,345.97). In between, you have the bid-ask spread (0.01).

3. [Scales] provides options to change the trackers you can see on the right-hand axis. For example, you could add the day’s high and low prices or the countdown to bar close.

4. [Appearance] lets you change your grid lines, background color, axes, and other cosmetic features.

5. [Trading] allows you to customize visual elements if you’ve logged into a broker account.

6. [Events] gives you options to display dividends, splits, and other events on the chart area.

Along with setting up the chart view, you might also want to change the intervals of your candlesticks or other symbols. To do this, go to the top bar and click the far left button. You’ll now find a long list of different intervals, ranging from seconds to months. You can also favorite some intervals so they will show up on your top bar.


Once you start customizing your chart, there’s no need to save it manually. TradingView saves all your edits in real-time, so you can log out and come back to them later.

Drawing trend lines

For your first chart, you can’t go wrong with a trend line. It’s a beginner-friendly way of modeling price action and one of the most commonly used chart patterns for day trading and swing trading. 
1. To start the tutorial, select the line tool from the left side toolbar.

2. You also might want to turn on the magnet tool. Your lines will snap to any nearby OHLC points, which is helpful for improved accuracy.
3. For a downtrend, start at a local high point (point 1) before a price dip, known as a swing high. Click where you want the line to start and try to include as many highs as possible. Click again when you want to complete your trend line.

Points 1, 2, and 3 indicate points of resistance. It’s always best to have at least three points testing your trend line, as two points could be coincidental. Point 4 shows a breakout from the trend, meaning that it’s best to draw a new trend line. 

Once you have an established downtrend, one possible strategy is to sell when the price meets and tests your line. If you decide to draw an uptrend, make sure you start your line using a low price so that the line is underneath your candlestick.

For more information on this, please check The Basics of Support and Resistance Explained.

Drawing a pitchfork

A pitchfork is a more advanced chart that develops the trend line concept. The technical indicator was created by Alan Andrew, a famous 20th-century American investor and educator. It’s easy to draw and provides more insight than a simple trend line, so let’s go through it step-by-step.

1. To begin, select the pitchfork tool underneath the line tool.

2. We’re going to create our pitchfork by picking three points at the beginning and end of trends. 

3. You can see in the example below that we’ve started with point 1, the swing low of a downtrend. We’ve then clicked point 2, the swing high of an uptrend, followed by point 3, the swing low of the next downtrend.

4. These points create a pitchfork shape, with the top line extending from point 2 showing the resistance level and the bottom line extending from point 3 showing the support level. The median line is where the price is expected to gravitate towards.

5. Similar to our trendline example, the support line shows possible areas to buy and the resistance line where you could sell. You could also place a stop-loss order just below the bottom trendline as a risk management method. Note that, just like any other indicator, pitchfork won’t always work as expected. Consider combining it with other tools and strategies to reduce the risks.

If you’re interested in learning more, check out How To Create TA Indicators on TradingView.

Pros and cons of TradingView

TradingView is just one choice out of many when it comes to asset screeners. Most offer a similar set of charting and trading tools, but let’s take a look at the main aspects. TradingView certainly does some things very well, but there is also room for improvement.

Pros

  • HTML5 charting - Any device with an internet browser can access TradingView. You don’t need to install any software and can view your charts anywhere. 
  • Free membership - Anyone can access the majority of features available.
  • Server-side alerting system - If you set an alert, TradingView will keep track of this on their servers. You don’t need to have TradingView open to receive alert notifications. 
  • Binance compatibility - While you can’t access Binance from TradingView’s website, you can use TradingView in Binance’s trading UI. You can easily buy and sell crypto with Binance and also create charts on the fly. 
  • Scripts - More advanced users can create custom indicators saved to TradingView’s servers. This feature is powered using Pine Script, TradingView’s custom coding language that is simple to use.
  • Asset selection - There’s a considerable amount of equities, securities, commodities, and forex info available to chart. We’re not just limited to cryptocurrencies here! 
  • Backtesting - Once you’ve developed a strategy, it’s simple to backtest using the inbuilt feature.
Cons

  • Community issues - While the Streams and Ideas tab concept is interesting, the quality of what you’ll find varies greatly. A lot of advice given is highly speculative and not very helpful for new users. The comments section also has occasional trolling.
  • Customer support - The TradingView community commonly reports problems with TradingView’s customer support. Only paying customers can raise issues, and free users receive no support.
  • Brokerage integration - TradingView has incorporated some brokers and trading platforms, but the options are still quite limited.
  • Cboe BZX data - TradingView’s prices for U.S. stocks don’t come directly from their associated stock markets. NASDAQ stocks, for example, get their price from the Cboe BZX exchange, which can differ slightly from the actual price. Real-time data from an exchange is available for a fee.

Closing thoughts

For anyone looking for a free solution with a significant amount of tools to use, TradingView is a solid option to explore. Their educational material is also free to access and easily covers the basics of charting and technical indicators in detail.

The social side, however, isn’t so strong. Chat rooms often contain speculative advice that you should avoid. This factor makes the social aspects less valuable for beginners as you need to sift through good and bad advice. 

Nevertheless, TradingView is worth trying for its chart tools alone and is a great place to backtest trading strategies. Technical analysis is a deep topic, and you'll have more than enough to explore with just a free account.
Disclaimer: The content presented here is for educational purposes. This article is not an endorsement or recommendation, and the information provided should not be regarded as financial advice. All screenshots were taken from TradingView's official website and are in accordance with their Terms of Use.


Continue Reading

[Stock] - A Beginner’s Guide to TradingView

TL;DR

TradingView is a browser-based charting platform and screener for cryptocurrencies and other financial assets. Its charting tools are also available to use natively in Binance’s trading UI. Apart from charting, you can also share your trading strategies and live stream your analysis.

When it comes to free options, TradingView is a powerful tool for all experience levels. The basic features should be enough for most traders. However, be careful browsing through other users’ ideas and streams. It’s important to filter out the information that adds value to your strategy rather than blindly following others.

Introduction

For traders who love technical analysis, robust charting tools are essential. TradingView is one option for both amateur and experienced traders. It offers numerous trading and charting tools and also a free membership option. Let’s face it... not everyone has the money or need for a Bloomberg terminal subscription.

If you’ve been trading on Binance, you might have already noticed TradingView’s tools available on the exchange. But without understanding them, it can look a little intimidating. There’s a huge amount to try, but where’s the best place to begin? Dive into our beginner’s guide to see what TradingView can offer.
What does TradingView do?

TradingView is a platform that lets you customize technical indicators, create charts, and analyze financial assets. These indicators are patterns, lines, and shapes that millions of traders use every day. TradingView is entirely browser-based, with no need to download a client. You can also download an app for iOS and Android if you prefer a mobile experience.
TradingView was launched in Westerville, Ohio, in 2011 and now boasts a large user base, with eight million accounts created in 2020 alone. Users can chart and analyze various stocks, commodities, and cryptocurrencies like Bitcoin with either a free or paid account. Once you’ve created strategies and templates, you can publish your findings to the community. This way, you can build your skills with feedback from other TradingView members.

TradingView in Binance

Binance has built-in TradingView tools in its exchange UI, allowing users to create charts and trade simultaneously. The tools you see on the left are just a small selection of what’s available and offer a similar experience to TradingView’s website.

For a quick tour of the interface, find out How to use the Binance Web TradingView Tool
How expensive is TradingView?

As we mentioned, TradingView is free for anyone to use. There are also paid subscriptions that increase the number of indicators and charts you can view simultaneously. For beginners, a free account with one chart and three indicators is a good start. You’ll also have to put up with adverts, but they aren’t too intrusive. Below you can see more details on the differences in the packages:


What is TradingView’s social network?

TradingView offers Instagram-like features for sharing and showing off trading strategies. The website’s Ideas and Streams pages give you a chance to pick up tips or get feedback. If you navigate to the Ideas page, you’ll see charts, videos, and commentaries from other users. Community members can also get involved in discussions and chat rooms. But remember that any user can create and share ideas, so be careful. Every trader has a different style and strategy, so you should not take these as financial advice.

Just like you might watch a Twitch stream of your favorite gamer, TradingView Streams let you observe other traders create charts in real-time. It’s a fun extra feature but still in beta, and the amount of content is relatively low.

Understanding the TradingView UI

If you’ve never used charting tools before, TradingView can look a bit confusing. Let’s break it down a bit first.
Toolbar 1

This toolbar contains all the charting and drawing tools usable directly in the chart area. From simple lines to long/short positions, there’s a lot to explore. You can also right-click each tool to see an extended selection. Some are more advanced than others, but the default lineup contains enough basics to get started.
Toolbar 2

Here you’ll find options to change the look of the chart. You can choose between candlesticks, line graphs, area graphs, and more. There’s also a search bar to the left to change the asset displayed. Another tool to note is the [Indicators & Strategies] button to insert premade analysis patterns like a moving average.

Toolbar 3

TradingView doesn’t offer a brokerage service, but you can trade within the website using the [Trading Panel] tab. You’ll find a list of partners you can exchange with if you already have an open account with them. You can also backtest your strategies using the [Strategy Tester] function. 

Toolbar 4

This section mainly covers news and TradingView’s social elements. You can customize your watchlist, private message other users, explore Ideas and Streams, and access a personalized calendar. If you need to find any data, lists, or information, this is the area to visit.

Chart area

When you change the asset you’re looking at, use any tools, or place indicators, you’ll find them displayed in the main chart area. You can also customize almost everything you see, which we’ll cover in the next section.

Personalizing your TradingView charts

Everyone has their preferences when it comes to chart layout. Customizing colors, lines, and axes makes it easier to read and understand your graphs quickly. You can find all the options you’ll need by right-clicking the graph area and clicking [Settings...].

You can also reset your chart if it gets messy and set custom email price alerts from the [Settings...] menu.

Once you’ve clicked [Settings...] you’ll find yourself in the [Chart settings] window where you can play with a range of options. Let’s quickly go through the basics.

1. [Symbol] lets you change the way that your candlestick charts look. Every part of the candlestick pattern can be color-coded the exact way you like. 

2. [Status line] contains options to change the information you’ll find in the top left of the chart, such as OHLC (open, high, low, and close prices) data and buy and sell buttons. The red box shows the lowest ask price (38,345.96), and the blue box the highest bid (38,345.97). In between, you have the bid-ask spread (0.01).

3. [Scales] provides options to change the trackers you can see on the right-hand axis. For example, you could add the day’s high and low prices or the countdown to bar close.

4. [Appearance] lets you change your grid lines, background color, axes, and other cosmetic features.

5. [Trading] allows you to customize visual elements if you’ve logged into a broker account.

6. [Events] gives you options to display dividends, splits, and other events on the chart area.

Along with setting up the chart view, you might also want to change the intervals of your candlesticks or other symbols. To do this, go to the top bar and click the far left button. You’ll now find a long list of different intervals, ranging from seconds to months. You can also favorite some intervals so they will show up on your top bar.


Once you start customizing your chart, there’s no need to save it manually. TradingView saves all your edits in real-time, so you can log out and come back to them later.

Drawing trend lines

For your first chart, you can’t go wrong with a trend line. It’s a beginner-friendly way of modeling price action and one of the most commonly used chart patterns for day trading and swing trading. 
1. To start the tutorial, select the line tool from the left side toolbar.

2. You also might want to turn on the magnet tool. Your lines will snap to any nearby OHLC points, which is helpful for improved accuracy.
3. For a downtrend, start at a local high point (point 1) before a price dip, known as a swing high. Click where you want the line to start and try to include as many highs as possible. Click again when you want to complete your trend line.

Points 1, 2, and 3 indicate points of resistance. It’s always best to have at least three points testing your trend line, as two points could be coincidental. Point 4 shows a breakout from the trend, meaning that it’s best to draw a new trend line. 

Once you have an established downtrend, one possible strategy is to sell when the price meets and tests your line. If you decide to draw an uptrend, make sure you start your line using a low price so that the line is underneath your candlestick.

For more information on this, please check The Basics of Support and Resistance Explained.

Drawing a pitchfork

A pitchfork is a more advanced chart that develops the trend line concept. The technical indicator was created by Alan Andrew, a famous 20th-century American investor and educator. It’s easy to draw and provides more insight than a simple trend line, so let’s go through it step-by-step.

1. To begin, select the pitchfork tool underneath the line tool.

2. We’re going to create our pitchfork by picking three points at the beginning and end of trends. 

3. You can see in the example below that we’ve started with point 1, the swing low of a downtrend. We’ve then clicked point 2, the swing high of an uptrend, followed by point 3, the swing low of the next downtrend.

4. These points create a pitchfork shape, with the top line extending from point 2 showing the resistance level and the bottom line extending from point 3 showing the support level. The median line is where the price is expected to gravitate towards.

5. Similar to our trendline example, the support line shows possible areas to buy and the resistance line where you could sell. You could also place a stop-loss order just below the bottom trendline as a risk management method. Note that, just like any other indicator, pitchfork won’t always work as expected. Consider combining it with other tools and strategies to reduce the risks.

If you’re interested in learning more, check out How To Create TA Indicators on TradingView.

Pros and cons of TradingView

TradingView is just one choice out of many when it comes to asset screeners. Most offer a similar set of charting and trading tools, but let’s take a look at the main aspects. TradingView certainly does some things very well, but there is also room for improvement.

Pros

  • HTML5 charting - Any device with an internet browser can access TradingView. You don’t need to install any software and can view your charts anywhere. 
  • Free membership - Anyone can access the majority of features available.
  • Server-side alerting system - If you set an alert, TradingView will keep track of this on their servers. You don’t need to have TradingView open to receive alert notifications. 
  • Binance compatibility - While you can’t access Binance from TradingView’s website, you can use TradingView in Binance’s trading UI. You can easily buy and sell crypto with Binance and also create charts on the fly. 
  • Scripts - More advanced users can create custom indicators saved to TradingView’s servers. This feature is powered using Pine Script, TradingView’s custom coding language that is simple to use.
  • Asset selection - There’s a considerable amount of equities, securities, commodities, and forex info available to chart. We’re not just limited to cryptocurrencies here! 
  • Backtesting - Once you’ve developed a strategy, it’s simple to backtest using the inbuilt feature.
Cons

  • Community issues - While the Streams and Ideas tab concept is interesting, the quality of what you’ll find varies greatly. A lot of advice given is highly speculative and not very helpful for new users. The comments section also has occasional trolling.
  • Customer support - The TradingView community commonly reports problems with TradingView’s customer support. Only paying customers can raise issues, and free users receive no support.
  • Brokerage integration - TradingView has incorporated some brokers and trading platforms, but the options are still quite limited.
  • Cboe BZX data - TradingView’s prices for U.S. stocks don’t come directly from their associated stock markets. NASDAQ stocks, for example, get their price from the Cboe BZX exchange, which can differ slightly from the actual price. Real-time data from an exchange is available for a fee.

Closing thoughts

For anyone looking for a free solution with a significant amount of tools to use, TradingView is a solid option to explore. Their educational material is also free to access and easily covers the basics of charting and technical indicators in detail.

The social side, however, isn’t so strong. Chat rooms often contain speculative advice that you should avoid. This factor makes the social aspects less valuable for beginners as you need to sift through good and bad advice. 

Nevertheless, TradingView is worth trying for its chart tools alone and is a great place to backtest trading strategies. Technical analysis is a deep topic, and you'll have more than enough to explore with just a free account.
Disclaimer: The content presented here is for educational purposes. This article is not an endorsement or recommendation, and the information provided should not be regarded as financial advice. All screenshots were taken from TradingView's official website and are in accordance with their Terms of Use.


Continue Reading

These 12 Habits Will Help You Reach Financial Freedom

Achieving financial freedom is a goal for many people. It generally means having enough savings, investments, and cash on hand to afford the lifestyle you want for yourself and your family—and a growing nest egg that will allow you to retire or pursue the career you want without being driven by earning a certain amount each year.

Unfortunately, too many people fail to achieve it. They are burdened with increasing debt, financial emergencies, profligate spending, and other issues that thwart them from reaching their goals. Then there are unexpected events, such as a hurricane or earthquake—or pandemic—that overturn plans and reveal holes in their safety nets that weren't visible before.

Trouble happens to nearly everyone, but these 12 habits can put you on the right path.

KEY TAKEAWAYS
  • Set life goals, both big and small, financial and lifestyle, and create a blueprint for achieving those goals.
  • Make a budget to cover all your financial needs and stick to it.
  • Pay off credit cards in full, so you carry as little debt as possible, and keep an eye on your credit.
  • Create automatic savings via your employer’s retirement plan and by setting up an emergency fund.
  • Take care of your belongings, as maintenance is cheaper than replacement, but, more important, take care of yourself and stay healthy.

1. Set Life Goals
What is financial freedom to you? A general desire for it is too vague a goal, so get specific. Write down how much you should have in your bank account, what the lifestyle entails, and at what age this should be achieved. The more specific your goals, the higher the likelihood of achieving them.

Next, count backward to your current age and establish financial mileposts at regular intervals. Write it all down neatly and put the goal sheet at the very beginning of your financial binder.

2. Make a Budget
Making a monthly household budget—and sticking to it—is the best way to guarantee that all bills are paid and savings are on track. It’s also a regular routine that reinforces your goals and bolsters resolve against the temptation to splurge.

3. Pay Off Credit Cards in Full
Credit cards and similar high-interest consumer loans are toxic to wealth-building. Make it a point to pay off the full balance each month. Student loans, mortgages, and similar loans typically have much lower interest rates; paying them off is not an emergency. Paying on time is and will build a good credit rating.

4. Create Automatic Savings
Pay yourself first. Enroll in your employer’s retirement plan and make full use of any matching contribution benefit. It’s also wise to have an automatic withdrawal for an emergency fund, which can be tapped for unexpected expenses, and an automatic contribution to a brokerage account or something similar.

Ideally, the money should be pulled the same day you receive your paycheck, so it never even touches your hands, avoiding temptation entirely. However, keep in mind that the recommended amount to save is highly debated. In some cases the feasibility of such a fund can be a question.

5. Start Investing Now
Bad stock markets can make people question this, but historically there has been no better way to grow your money than through investing. The magic of compound interest will help it increase exponentially over time, but you need a lot of time to achieve meaningful growth. Don’t try to be a stock picker or trick yourself into thinking you can be the next Warren Buffett. There can only be one.

Instead, open an online brokerage account that makes it easy for you to learn how to invest, create a manageable portfolio, and make weekly or monthly contributions to it automatically. We’ve ranked the best online brokers for beginners to help you get started.

 Achieving financial freedom can be very difficult in the face of growing debt, cash emergencies, medical issues, and overspending, but it is possible with discipline and careful planning.

6. Watch Your Credit
Your credit score determines what interest rate you are offered when buying a new car or refinancing a home. It also impacts seemingly unrelated things, such as car insurance and life insurance premiums.

The reasoning is that someone with reckless financial habits is also likely to be reckless in other aspects of life, such as driving and drinking. This is why it’s important to get a credit report at regular intervals to make sure that there are no erroneous black marks ruining your good name. It may also be worth looking into one of the best credit monitoring services to further protect your information.

7. Negotiate
Many Americans are hesitant to negotiate for goods and services, worrying that it makes them seem cheap. Overcome this cultural handicap and you could save thousands each year. Small businesses, in particular, tend to be open to negotiation, where buying in bulk or repeat business can open the door to good discounts.

8. Continuous Education
Review all applicable changes in the tax laws each year to ensure that all adjustments and deductions are maximized. Keep up with financial news and developments in the stock market and do not hesitate to adjust your investment portfolio accordingly. Knowledge is also the best defense against those who prey on unsophisticated investors to turn a quick buck.

9. Proper Maintenance
Taking good care of property makes everything from cars and lawnmowers to shoes and clothes last longer. As the cost of maintenance is a fraction of the cost of replacement, it’s an investment not to be missed.

 Learn to know the difference between the things you want and the things you need.

10. Live Below Your Means
Mastering a frugal lifestyle by having a mindset of living life to the fullest with less is not so hard. Indeed, many wealthy individuals developed a habit of living below their means before rising to affluence.

This isn’t a challenge to adopt a minimalist lifestyle or a call to action to head to the dumpster with things you’ve hoarded over the years. Making small adjustments by distinguishing between the things you need and the things you want is a financially helpful habit to put into practice.

11. Get a Financial Advisor 
Once you’ve gotten to a point where you’ve amassed a decent amount of wealth—be it liquid investments or tangible assets that aren’t as readily available to convert to cash—get a financial advisor to educate you and help make decisions.

12. Take Care of Your Health
The principle of proper maintenance also applies to the body. Invest in good health with regular visits to doctors and dentists, and follow health advice about any problems you encounter. Many problems can be helped—or even prevented—with lifestyle changes such as more exercise and a healthier diet. Some companies have limited sick days, making it a notable loss of income once those days are used up. Obesity and ailments make insurance premiums skyrocket, and poor health may force earlier retirement with lower monthly income.

The Bottom Line
These 12 steps won’t solve all of your money problems, but they will help you develop healthy habits that can get you on the path to financial freedom—whatever that means for you.

Source: Investopedia



Continue Reading

The Wyckoff Method Explained

What is the Wyckoff Method?
The Wyckoff Method was developed by Richard Wyckoff in the early 1930s. It consists of a series of principles and strategies initially designed for traders and investors. Wyckoff dedicated a significant part of his life teaching, and his work impacts much of modern technical analysis (TA). While the Wyckoff Method was originally focused on stocks, it is now applied to all sorts of financial markets.
A lot of Wyckoff’s work was inspired by the trading methods of other successful traders (especially Jesse L. Livermore). Today, Wyckoff is held in the same high regard as other key figures, such as Charles H. Dow, and Ralph N. Elliott.

Wyckoff did extensive research, which led to the creation of several theories and trading techniques. This article gives an overview of his work. The discussion includes:

  • Three fundamental laws;

  • The Composite Man concept;

  • A methodology for analyzing charts (Wyckoff’s Schematics);

  • A five-step approach to the market.

Wyckoff also developed specific Buying and Selling Tests, as well as a unique charting method based on Point and Figure (P&F) charts. While the tests help traders spot better entries, the P&F method is used to define trading targets. However, this article won’t dive into these two topics.

The three laws of Wyckoff
The Law of Supply and Demand
The first law states that prices rise when demand is greater than supply, and drop when the opposite is true. This is one of the most basic principles of financial markets and is certainly not exclusive to Wyckoff’s work. We may represent the first law with three simple equations:

  • Demand > Supply = Price rises

  • Demand < Supply = Price drops

  • Demand = Supply = No significant price change (low volatility)
In other words, the first Wyckoff law suggests that an excess of demand over supply causes prices to go up because there are more people buying than selling. But, in a situation where there is more selling than buying, the supply exceeds demand, causing the price to drop.

Many investors who follow the Wyckoff Method compare price action and volume bars as a way to better visualize the relation between supply and demand. This often provides insights into the next market movements.

The Law of Cause and Effect
The second law states that the differences between supply and demand are not random. Instead, they come after periods of preparation, as a result of specific events. In Wyckoff's terms, a period of accumulation (cause) eventually leads to an uptrend (effect). In contrast, a period of distribution (cause) eventually results in a downtrend (effect). 

Wyckoff applied a unique charting technique to estimate the potential effects of a cause. In other terms, he created methods of defining trading targets based on the periods of accumulation and distribution. This allowed him to estimate the probable extension of a market trend after breaking out of a consolidation zone or trading range (TR).

The Law of Effort vs. Result
The third Wyckoff law states that the changes in an asset’s price are a result of an effort, which is represented by the trading volume. If the price action is in harmony with the volume, there is a good chance the trend will continue. But, if the volume and price diverge significantly, the market trend is likely to stop or change direction.

For instance, imagine that the Bitcoin market starts to consolidate with a very high volume after a long bearish trend. The high volume indicates a big effort, but the sideways movement (low volatility) suggests a small result. So, there is a lot of Bitcoins changing hands, but no more significant price drops. Such a situation could indicate that the downtrend may be over, and a reversal is near.

The Composite Man
Wyckoff created the idea of the Composite Man (or Composite Operator) as an imaginary identity of the market. He proposed that investors and traders should study the stock market as if a single entity was controlling it. This would make it easier for them to go along the market trends.

In essence, the Composite Man represents the biggest players (market makers), such as wealthy individuals and institutional investors. It always acts in his own best interest to ensure he can buy low and sell high. 

The Composite Man’s behavior is the opposite of the majority of retail investors, which Wyckoff often observed losing money. But according to Wyckoff, the Composite Man uses a somewhat predictable strategy, from which investors can learn from.

Let’s use the Composite Man concept to illustrate a simplified market cycle. Such a cycle consists of four main phases: accumulation, uptrend, distribution, and downtrend.

Accumulation
The Composite Man accumulates assets before most investors. This phase is usually marked by a sideways movement. The accumulation is done gradually to avoid the price from changing significantly.

Uptrend
When the Composite Man is holding enough shares, and the selling force is depleted, he starts pushing the market up. Naturally, the emerging trend attracts more investors, causing demand to increase.

Notably, there may be multiple phases of accumulation during an uptrend. We may call them re-accumulation phases, where the bigger trend stops and consolidates for a while, before continuing its upward movement.

As the market moves up, other investors are encouraged to buy. Eventually, even the general public become excited enough to get involved. At this point, demand is excessively higher than supply.

Distribution
Next, the Composite Man starts distributing his holdings. He sells his profitable positions to those entering the market at a late stage. Typically, the distribution phase is marked by a sideways movement that absorbs demand until it gets exhausted.

Downtrend
Soon after the distribution phase, the market starts reverting to the downside. In other words, after the Composite Man is done selling a good amount of his shares, he starts pushing the market down. Eventually, the supply becomes much greater than demand, and the downtrend is established.

Similar to the uptrend, the downtrend may also have re-distribution phases. These are basically short-term consolidation between big price drops. They may also include Dead Cat Bounces or the so-called bull traps, where some buyers get trapped, hoping for a trend reversal that doesn’t happen. When the bearish trend is finally over, a new accumulation phase begins.

Wyckoff’s Schematics
The Accumulation and Distribution Schematics are likely the most popular part of Wyckoff’s work - at least within the cryptocurrency community. These models break down the Accumulation and Distribution phases into smaller sections. The sections are divided into five Phases (A to E), along with multiple Wyckoff Events, which are briefly described below.

Accumulation Schematic
Phase A
The selling force decreases, and the downtrend starts to slow down. This phase is usually marked by an increase in trading volume. The Preliminary Support (PS) indicates that some buyers are showing up, but still not enough to stop the downward move.

The Selling Climax (SC) is formed by an intense selling activity as investors capitulate. This is often a point of high volatility, where panic selling creates big candlesticks and wicks. The strong drop quickly reverts into a bounce or Automatic Rally (AR), as the excessive supply is absorbed by the buyers. In general, the trading range (TR) of an Accumulation Schematic is defined by the space between the SC low and the AR high.
As the name suggests, the Secondary Test (ST) happens when the market drops near the SC region, testing whether the downtrend is really over or not. At this point, the trading volume and market volatility tend to be lower. While the ST often forms a higher low in relation to the SC, that may not always be the case.

Phase B
Based on Wyckoff’s Law of Cause and Effect, Phase B may be seen as the Cause that leads to an Effect.

Essentially, Phase B is the consolidation stage, in which the Composite Man accumulates the highest number of assets. During this stage, the market tends to test both resistance and support levels of the trading range.
There may be numerous Secondary Tests (ST) during Phase B. In some cases, they may produce higher highs (bull traps) and lower lows (bear traps) in relation to the SC and AR of the Phase A.

Phase C
A typical Accumulation Phase C contains what is called a Spring. It often acts as the last bear trap before the market starts making higher lows. During Phase C, the Composite Man ensures that there is little supply left in the market, i.e., the ones that were to sell already did.

The Spring often breaks the support levels to stop out traders and mislead investors. We may describe it as a final attempt to buy shares at a lower price before the uptrend starts. The bear trap induces retail investors to give up their holdings. 
In some cases, however, the support levels manage to hold, and the Spring simply does not occur. In other words, there may be Accumulation Schematics that present all other elements but not the Spring. Still, the overall scheme continues to be valid.

Phase D
The Phase D represents the transition between the Cause and Effect. It stands between the Accumulation zone (Phase C) and the breakout of the trading range (Phase E). 

Typically, the Phase D shows a significant increase in trading volume and volatility. It usually has a Last Point Support (LPS), making a higher low before the market moves higher. The LPS often precedes a breakout of the resistance levels, which in turn creates higher highs. This indicates Signs of Strength (SOS), as previous resistances become brand new supports.
Despite the somewhat confusing terminology, there may be more than one LPS during Phase D. They often have increased trading volume while testing the new support lines. In some cases, the price may create a small consolidation zone before effectively breaking the bigger trading range and moving to Phase E.

Phase E
The Phase E is the last stage of an Accumulation Schematic. It is marked by an evident breakout of the trading range, caused by increased market demand. This is when the trading range is effectively broken, and the uptrend starts.

Distribution Schematic
In essence, the Distribution Schematics works in the opposite way of the Accumulation, but with slightly different terminology.
Phase A
The first phase occurs when an established uptrend starts to slow down due to decreasing demand. The Preliminary Supply (PSY) suggests that the selling force is showing up, although still not strong enough to stop the upward movement. The Buying Climax (BC) is then formed by an intense buying activity. This is usually caused by inexperienced traders that buy out of emotions. 

Next, the strong move up causes an Automatic Reaction (AR), as the excessive demand is absorbed by the market makers. In other words, the Composite Man starts distributing his holdings to the late buyers. The Secondary Test (ST) occurs when the market revisits the BC region, often forming a lower high.

Phase B
The Phase B of a Distribution acts as the consolidation zone (Cause) that precedes a downtrend (Effect). During this phase, the Composite Man gradually sells his assets, absorbing and weakening market demand. 

Usually, the upper and lower bands of the trading range are tested multiple times, which may include short-term bear and bull traps. Sometimes, the market will move above the resistance level created by the BC, resulting in an ST that can also be called an Upthrust (UT).

Phase C
In some cases, the market will present one last bull trap after the consolidation period. It’s called UTAD or Upthrust After Distribution. It is, basically, the opposite of an Accumulation Spring.

Phase D
The Phase D of a Distribution is pretty much a mirror image of the Accumulation one. It usually has a Last Point of Supply (LPSY) in the middle of the range, creating a lower high. From this point, new LPSYs are created - either around or below the support zone. An evident Sign of Weakness (SOW) appears when the market breaks below the support lines.

Phase E
The last stage of a Distribution marks the beginning of a downtrend, with an evident break below the trading range, caused by a strong dominance of supply over demand.

Does the Wyckoff Method work?
Naturally, the market doesn’t always follow these models accurately. In practice, the Accumulation and Distribution Schematics can occur in varying ways. For example, some situations may have a Phase B lasting much longer than expected. Or else, the Spring and UTAD Tests may be totally absent.

Still, Wyckoff’s work offers a wide range of reliable techniques, which are based on his many theories and principles. His work is certainly valuable to thousands of investors, traders, and analysts worldwide. For instance, the Accumulation and Distribution schematics may come handy when trying to understand the common cycles of financial markets.

Wyckoff’s five-step approach
Wyckoff also developed a five-step approach to the market, which was based on his many principles and techniques. In short, this approach may be seen as a way to put his teaching into practice.

Step 1: Determine the trend.
What is the current trend and where it is likely to go? How is the relation between supply and demand?

Step 2: Determine the asset’s strength.
How strong is the asset in relation to the market? Are they moving in a similar or opposite fashion?

Step 3: Look for assets with sufficient Cause.
Are there enough reasons to enter a position? Is the Cause strong enough that makes the potential rewards (Effect) worth the risks?

Step 4: Determine how likely is the move.
Is the asset ready to move? What is its position within the bigger trend? What do the price and volume suggest? This step often involves the use of Wyckoff’s Buying and Selling Tests.

Step 5: Time your entry.
The last step is all about timing. It usually involves analyzing a stock in comparison to the general market.

For example, a trader can compare the price action of a stock in relation to the S&P 500 index. Depending on their position within their individual Wyckoff Schematic, such an analysis may provide insights into the next movements of the asset. Eventually, this facilitates the establishment of a good entry.

Notably, this method works better with assets that move together with the general market or index. In cryptocurrency markets, though, this correlation isn’t always present.

Closing thoughts
It’s been almost a century since its creation, but the Wyckoff Method is still in widespread use today. It is certainly much more than a TA indicator, as it encompasses many principles, theories, and trading techniques. 

In essence, the Wyckoff Method allows investors to make more logical decisions rather than acting out of emotions. The extensive work of Wyckoff provides traders and investors a series of tools for reducing risks and increasing their chances of success. Still, there is no foolproof technique when it comes to investing. One should always be wary of the risks, especially within the highly-volatile cryptocurrency markets.

Source: Binance


Continue Reading

Circle K convenience stores will host thousands of crypto ATMs

Despite suspending service to some crypto ATMs during the early days of the pandemic, Bitcoin Depot has continued to expand.

The largest Bitcoin ATM operator in the world has said it will be expanding into Circle K locations in the United States and Canada.
Bitcoin Depot announced today that more than 700 of its Bitcoin ATM machines had already been installed at Circle K convenience stores in 30 U.S. states as part of the new partnership. The crypto ATM distributer said the expansion could provide underserved communities with financial access tools and attract more people to the crypto space. 

“Over the last year, we have watched cryptocurrency gain mainstream adoption by wealth managers and investment firms, but what about the people that don't have access to those services?” Bitcoin Depot’s director of product Alona Lubovnaya told Cointelegraph. “ATMs being located in Circle K's provide an easy onramp for the underbanked and less affluent, not just someone with a wealth manager.”

The company claims to have more than 3,500 crypto ATMs in operation across the U.S. and Canada allowing customers to purchase more than 30 different types of cryptocurrencies including Bitcoin (BTC), Litecoin (LTC), and Ether (ETH). Alimentation Couche-Tard, the Canada-based operator of Circle K, reports that its brand operates roughly 7,150 stores in the U.S. and 2,111 in Canada.

Bitcoin Depot announced last year that it was suspending service to certain machines in areas at high risk during the ongoing pandemic. The company has since reported that it has restored service to all locations, despite the recent rise in COVID-19 cases and deaths in the United States.

The number of crypto ATMs across the globe allowing customers to exchange fiat for crypto has grown significantly in recent years. At the time of publication, data from CoinATMRadar shows there are roughly 24,000 crypto ATMs in 75 countries, from Kazakhstan to Australia. The majority — more than 20,000 — are in the United States.

“Our mission is to Bring Crypto to the Masses,” said Lubovnaya. “We will continue to do this with significant partner expansions going forward.”

Source: cointelegraph


Continue Reading

Tesla chuyển trụ sở từ California đến Texas

Tesla đang chuyển trụ sở chính từ Palo Alto, California, đến Austin, Texas, CEO Elon Musk đã thông báo tại cuộc họp cổ đông của công ty hôm thứ Năm.

Cuộc họp diễn ra tại nhà máy lắp ráp xe của Tesla đang được xây dựng bên ngoài Austin trên một khu đất giáp sông Colorado, gần sân bay của thành phố. 

Tuy nhiên, công ty có kế hoạch tăng sản lượng tại nhà máy ở California bất kể việc dời trụ sở là gì.

“Để rõ ràng, chúng tôi sẽ tiếp tục mở rộng các hoạt động của mình ở California,” Musk nói. “Mục đích của chúng tôi là tăng sản lượng từ Fremont và Giga Nevada lên 50%. Nếu bạn đến nhà máy Fremont của chúng tôi, nó sẽ bị kẹt. ”

Tuy nhiên, ông nói thêm, “Thật khó để mọi người có đủ tiền mua nhà và mọi người phải đến từ rất xa .... Có một giới hạn cho việc bạn có thể mở rộng quy mô như thế nào trong Vùng Vịnh.”
Về nhà máy đang được tiến hành ở Austin, ông lưu ý rằng sẽ mất một thời gian để đạt được sản lượng đầy đủ ngay cả khi nó đã hoàn thành.

Musk cho biết Tesla sẽ mất ít thời gian hơn để xây dựng một nhà máy so với việc đạt được sản lượng lớn. Ví dụ, nhà máy ở Thượng Hải của Tesla được xây dựng trong 11 tháng, nhưng mất một năm để đạt sản lượng cao. Ông hy vọng nhà máy mới của Tesla gần Austin sẽ theo gương của Thượng Hải.

Sự không hài lòng ngày càng tăng của Musk đối với California đã rõ ràng trong một thời gian. Vào tháng 4 năm 2020, trong một cuộc gọi về thu nhập của Tesla , Musk đã đả kích các quan chức chính phủ California gọi các lệnh y tế tạm thời liên quan đến Covid của họ là “phát xít” với một giọng điệu lộ liễu.

Sau đó, Musk đích thân chuyển đến khu vực Austin từ Los Angeles, nơi ông đã sống trong hai thập kỷ.
Làm như vậy giúp Musk, người cũng là Giám đốc điều hành của công ty hàng không vũ trụ SpaceX, giảm gánh nặng thuế cá nhân và đến gần hơn với địa điểm phóng SpaceX ở Boca Chica, Texas.

Hội đồng quản trị của Tesla đã cấp cho Musk một gói bồi thường điều hành có thể giúp anh kiếm được những giải thưởng cổ phiếu lớn dựa trên mức tăng vốn hóa thị trường của nhà sản xuất ô tô và một số mục tiêu tài chính khác. Theo InsiderScore, nếu anh ta bán các quyền chọn sắp hết hạn vào năm 2021, anh ta có thể tạo ra số tiền thu được hơn 20 tỷ USD trong năm nay.

California đánh một số loại thuế thu nhập cá nhân cao nhất trong cả nước đối với những cư dân giàu có của nó, nhưng Texas không có thuế thu nhập cá nhân.

Tesla không phải là công ty đầu tiên chuyển trụ sở ra khỏi California đến Texas. Ví dụ như Oracle và Hewlett Packard là một trong những gã khổng lồ công nghệ đã quyết định thực hiện động thái đó vào năm ngoái.

Texas đã tích cực tuyển dụng các công ty thông qua Đạo luật Phát triển Kinh tế Texas cung cấp các khoản giảm thuế để đưa các cơ sở mới vào tiểu bang. Austin, với một trường đại học công nghệ hàng đầu và các sự kiện văn hóa như South by Southwest, là một điểm thu hút các nhà tuyển dụng công nghệ.
Luật sư kinh doanh Domenic Romano, đối tác điều hành của Luật Romano ở Thành phố New York, giải thích rằng việc thực hiện một động thái như vậy không có gì là nặng nề. Một doanh nghiệp Delaware đã hoạt động như một tập đoàn “nước ngoài” có trụ sở chính tại California, giống như Tesla, có thể chuyển địa điểm của mình bằng cách thành lập một cơ sở ở một tiểu bang mới, thuê ở đó và chuyển các nhân viên chủ chốt.

Họ sẽ không phải đóng cửa các hoạt động ở các tiểu bang khác, mặc dù họ thường làm cho chúng hoạt động trở lại.

Romano nói: “Từ góc độ pháp lý, có ít gánh nặng pháp lý hơn ở Texas. “Đó là một trạng thái thân thiện với doanh nghiệp và người sử dụng lao động hơn về nhiều mặt. Bạn phải vượt qua ít vòng lặp hơn ở Texas hoặc Florida với tư cách là một nhà tuyển dụng so với bạn ở California về các yêu cầu báo cáo và hơn thế nữa. ”

Thống đốc Texas Greg Abbott cho biết Giám đốc điều hành Tesla cũng ủng hộ “các chính sách xã hội” của bang ông . Tuy nhiên, Elon Musk đã từ chối cân nhắc về luật phá thai mới hạn chế của Texas sau khi Abbott đưa ra tuyên bố đó.

“Nói chung, tôi tin rằng chính phủ hiếm khi áp đặt ý chí của mình lên người dân, và khi làm như vậy, nên mong muốn tối đa hóa hạnh phúc tích lũy của họ,” Musk viết trên Twitter vào thời điểm đó. Musk nói: “Điều đó nói lên rằng, tôi muốn đứng ngoài chính trị hơn.

Tesla nhìn chung đã nhận được sự hỗ trợ rất lớn từ bang California kể từ khi nó được thành lập ở đó vào năm 2003. Nó đã được hưởng các khoản tài trợ không hoàn lại, miễn giảm thuế, khuyến khích và các chính sách thuận lợi từ California Air Resources Board, California Energy Commission và California Cơ quan tài trợ năng lượng thay thế và giao thông vận tải tiên tiến , trong số những cơ quan khác.


Continue Reading

Margin Trading & Futures Contract

Binance Margin trading
Binance Margin trading is a method of trading crypto assets via borrowing funds, and it allows traders to access greater sums of capital to leverage their positions. Essentially, margin trading amplifies trading results so that traders can realize larger profits on successful trades.

A futures contract
A futures contract is an agreement to buy or sell the underlying asset at a predetermined price in the future. When trading futures, traders can participate in market movements and profit by going long or short on a futures contract. Binance futures contracts are divided according to the different delivery dates into quarterly and perpetual futures contracts.
Margin and Futures trading allows users to amplify their profits by using leverage. But what’s the difference between the two products? Let’s have a look.

Markets & Trading assets
Margin Traders place orders to buy or sell cryptos in the spot market. This means that margin orders are matched with orders in the spot markets. All margin related orders are actually spot orders. While trading Futures, traders place orders to buy or sell contracts in the derivatives market. In summary, Margin and futures trading are in two different markets.

Leverage
Margin Traders have access to 3X~10X leverage with assets provided by the platform. The leverage multiplier is based on whether you are using isolated margin or cross margin mode. In contrast, futures contracts offer higher leverage.
Collateral Allocation
Binance Futures and Binance Margin trading both allow traders to switch between “Cross Margin” and “Isolated Margin” modes. So, traders can allocate their funds to a cross position or isolated positions to reasonably share the collateral to control risks.

Trading Fee
Binance Margin allows users to borrow funds from the platform and calculates the loan's interest rate for the next hour. Users will repay the borrowed funds afterward. Traders should make sure that their assets are sufficient to avoid being liquidated.
In contrast, futures are using maintenance margin as collateral, which means there is no repayment, but users should make sure that their collateral is sufficient.
Both Margin and futures will charge users a trading fee. And Margin's trading fee is the same as the Spot's fee.
And due to the price difference between perpetual futures and quarterly futures, the funding rate is used to essentially force convergence of prices between the Perpetual Futures Market and the actual underlying asset. Please note only Perpetual Futures will charge traders the funding rate.

Source: Binance


Continue Reading

The Complete Beginner's Guide to Decentralized Finance (DeFi)

What is Decentralized Finance (DeFi)?

Decentralized Finance (or simply DeFi) refers to an ecosystem of financial applications that are built on top of blockchain networks. 
More specifically, the term Decentralized Finance may refer to a movement that aims to create an open-source, permissionless, and transparent financial service ecosystem that is available to everyone and operates without any central authority. The users would maintain full control over their assets and interact with this ecosystem through peer-to-peer (P2P), decentralized applications (dapps).
The core benefit of DeFi is easy access to financial services, especially for those who are isolated from the current financial system. Another potential advantage of DeFi is the modular framework it is built upon - interoperable DeFi applications on public blockchains will potentially create entirely new financial markets, products, and services. 
This article will provide an introductory dive into DeFi, its potential applications, promises, limitations, and more.

What are the main advantages of DeFi?
Traditional finance relies on institutions such as banks to act as intermediaries, and courts to provide arbitration. 

DeFi applications do not need any intermediaries or arbitrators. The code specifies the resolution of every possible dispute, and the users maintain control over their funds at all times. This reduces the costs associated with providing and using these products and allows for a more frictionless financial system.

As these new financial services are deployed on top of blockchains, single points of failure are eliminated. The data is recorded on the blockchain and spread across thousands of nodes, making censorship or the potential shutdown of a service a complicated undertaking. 
Since the frameworks for DeFi applications can be built in advance, deploying one becomes much less complicated and much more secure.

Another significant advantage of such an open ecosystem is the ease of access for individuals who otherwise wouldn’t have access to any financial services. Since the traditional financial system relies on the intermediaries making a profit, their services are typically absent from locations with low-income communities. However, with DeFi, the costs are significantly reduced, and low-income individuals can also benefit from a broader range of financial services.


What are the potential use cases for DeFi?
Borrowing & Lending
Open lending protocols are one of the most popular types of applications that are part of the DeFi ecosystem. Open, decentralized borrowing and lending have many advantages over the traditional credit system. These include instant transaction settlement, the ability to collateralize digital assets, no credit checks, and potential standardization in the future. 

Since these lending services are built on public blockchains, they minimize the amount of trust required and have the assurance of cryptographic verification methods. Lending marketplaces on the blockchain reduce counterparty risk, make borrowing and lending cheaper, faster, and available to more people.

Monetary banking services
As DeFi applications are, by definition, financial applications, monetary banking services are an obvious use case for them. These can include the issuance of stablecoins, mortgages, and insurance.
As the blockchain industry is maturing, there is an increased focus on the creation of stablecoins. They are a type of cryptoasset that is usually pegged to a real-world asset but can be transferred digitally with relative ease. As cryptocurrency prices can fluctuate rapidly at times, decentralized stablecoins could be adopted for everyday use as digital cash that is not issued and monitored by a central authority. 

Largely because of the number of intermediaries needing to be involved, the process of getting a mortgage is expensive and time-consuming. With the use of smart contracts, underwriting and legal fees may be reduced significantly.

Insurance on the blockchain could eliminate the need for intermediaries and allow the distribution of risk between many participants. This could result in lower premiums with the same quality of service. 

If you’d like to read more on the subject of blockchain and banking, we recommend reading our article How Blockchain Technology Will Impact the Banking Industry.

Decentralized Marketplaces
This category of applications can be challenging to assess, as it is the segment of DeFi that gives the most room for financial innovation. 
Arguably, some of the most crucial DeFi applications are decentralized exchanges (DEXes). These platforms allow users to trade digital assets without the need for a trusted intermediary (the exchange) to hold their funds. The trades are made directly between user wallets with the help of smart contracts. 
Since they require much less maintenance work, decentralized exchanges typically have lower trading fees than centralized exchanges. 

Blockchain technology may also be used to issue and allow ownership of a wide range of conventional financial instruments. These applications would work in a decentralized way that cuts out custodians and eliminates single points of failure.

Security token issuance platforms, for example, may provide the tools and resources for issuers to launch tokenized securities on the blockchain with customizable parameters.  

Other projects may allow the creation of derivatives, synthetic assets, decentralized prediction markets, and many more.


What role do smart contracts have in DeFi?
Most of the existing and potential applications of Decentralized Finance involve the creation and execution of smart contracts. While a usual contract uses legal terminology to specify the terms of the relationship between the entities entering the contract, a smart contract uses computer code.
Since their terms are written in computer code, smart contracts have the unique ability also to enforce those terms through computer code. This enables the reliable execution and automation of a large number of business processes that currently require manual supervision.

Using smart contracts is faster, easier, and reduces risk for both parties. On the other hand, smart contracts also introduce new types of risks. As computer code is prone to have bugs and vulnerabilities, the value and confidential information locked in smart contracts are at risk.


What challenges does DeFi face?
  • Poor performance: Blockchains are inherently slower than their centralized counterparts, and this translates to the applications built on top of them. The developers of DeFi applications need to take these limitations into account and optimize their products accordingly.
  • High risk of user error: DeFi applications transfer the responsibility from the intermediaries to the user. This can be a negative aspect for many. Designing products that minimize the risk of user error is a particularly difficult challenge when the products are deployed on top of immutable blockchains.
  • Bad user experience: Currently, using DeFi applications requires extra effort on the user’s part. For DeFi applications to be a core element of the global financial system, they must provide a tangible benefit that incentivizes users to switch over from the traditional system.
  • Cluttered ecosystem: It can be a daunting task to find the application that is the most suitable for a specific use case, and users must have the ability to find the best choices. The challenge is not only building the applications but also thinking about how they fit into the broader DeFi ecosystem.

What is the difference between DeFi and open banking?
Open banking refers to a banking system where third-party financial service providers are given secure access to financial data through APIs. This enables the networking of accounts and data between banks and non-bank financial institutions. Essentially, it allows new types of products and services within the traditional financial system. 
DeFi, however, proposes an entirely new financial system that is independent of the current infrastructure. DeFi is sometimes also referred to as open finance.

For example, open banking could allow the management of all traditional financial instruments in one application by drawing data from several banks and institutions securely. 

Decentralized Finance, on the other hand, could allow the management of entirely new financial instruments and new ways of interacting with them.

Closing thoughts
Decentralized Finance is focused on building financial services separate from the traditional financial and political system. This would allow for a more open financial system and could potentially prevent precedents of censorship and discrimination all over the world.

While a tempting idea, not everything benefits from decentralization. Finding the use cases that are most suitable for the characteristics of blockchains is crucial in building a useful stack of open financial products.

If successful, DeFi will take power from large centralized organizations and put it in the hands of the open-source community and the individual. Whether that will create a more efficient financial system will be decided once DeFi is ready for mainstream adoption.

Source: Binance


Continue Reading

What Is Margin Trading?

Margin trading
Margin trading is a method of trading assets using funds provided by a third party. When compared to regular trading accounts, margin accounts allow traders to access greater sums of capital, allowing them to leverage their positions. Essentially, margin trading amplifies trading results so that traders are able to realize larger profits on successful trades. This ability to expand trading results makes margin trading especially popular in low-volatility markets, particularly the international Forex market. Still, margin trading is also used in stock, commodity, and cryptocurrency markets.

In traditional markets, the borrowed funds are usually provided by an investment broker. In cryptocurrency trading, however, funds are often provided by other traders, who earn interest based on market demand for margin funds. Although less common, some cryptocurrency exchanges also provide margin funds to their users.

How does margin trading work?
When a margin trade is initiated, the trader will be required to commit a percentage of the total order value. This initial investment is known as the margin, and it is closely related to the concept of leverage. In other words, margin trading accounts are used to create leveraged trading, and the leverage describes the ratio of borrowed funds to the margin. For example, to open a $100,000 trade at a leverage of 10:1, a trader would need to commit $10,000 of their capital.

Naturally, different trading platforms and markets offer a distinct set of rules and leverage rates. In the stock market, for example, 2:1 is a typical ratio, while futures contracts are often traded at a 15:1 leverage. In regards to Forex brokerages, margin trades are frequently leveraged at a 50:1 ratio, but 100:1 and 200:1 are also used in some cases. When it comes to cryptocurrency markets, the ratios are typically ranging from 2:1 to 100:1, and the trading community often uses the ‘x’ terminology (2x, 5x, 10x, 50x, and so forth).
Margin trading can be used to open both long and short positions. A long position reflects an assumption that the price of the asset will go up, while a short position reflects the opposite. While the margin position is open, the trader’s assets act as collateral for the borrowed funds. This is critical for traders to understand, as most brokerages reserve the right to force the sale of these assets in case the market moves against their position (above or below a certain threshold).

For instance, if a trader opens a long leveraged position, they could be margin called when the price drops significantly. A margin call occurs when a trader is required to deposit more funds into their margin account in order to reach the minimum margin trading requirements. If the trader fails to do so, their holdings are automatically liquidated to cover their losses. Typically, this occurs when the total value of all of the equities in a margin account, also known as the liquidation margin, drops below the total margin requirements of that particular exchange or broker.

Advantages and disadvantages
The most obvious advantage of margin trading is the fact that it can result in larger profits due to the greater relative value of the trading positions. Other than that, margin trading can be useful for diversification, as traders can open several positions with relatively small amounts of investment capital. Finally, having a margin account may make it easier for traders to open positions quickly without having to shift large sums of money to their accounts.

For all its upsides, margin trading does have the obvious disadvantage of increasing losses in the same way that it can increase gains. Unlike regular spot trading, margin trading introduces the possibility of losses that exceed a trader's initial investment and, as such, is considered a high-risk trading method. Depending on the amount of leverage involved in a trade, even a small drop in the market price may cause substantial losses for traders. For this reason, it's important that investors who decide to utilize margin trading employ proper risk management strategies and make use of risk mitigation tools, such as stop-limit orders.

Margin trading in cryptocurrency markets
Trading on margin is inherently riskier than regular trading, but when it comes to cryptocurrencies, the risks are even higher. Owing to the high levels of volatility, typical to these markets, cryptocurrency margin traders should be especially careful. While hedging and risk management strategies may come in handy, margin trading is certainly not suitable for beginners. 

Being able to analyze charts, identify trends, and determine entry and exit points won't eliminate the risks involved with margin trading, but it may help to better anticipate risks and trade more effectively. So before leveraging their cryptocurrency trades, users are recommended first to develop a keen understanding of technical analysis and to acquire an extensive spot trading experience.
Margin funding

For investors who do not have the risk tolerance to engage in margin trading themselves, there is another way to profit from the leveraged trading methods. Some trading platforms and cryptocurrency exchanges offer a feature known as margin funding, where users can commit their money to fund the margin trades of other users.

Usually, the process follows specific terms and yields dynamic interest rates. If a trader accepts the terms and takes the offer, the funds' provider is entitled to repayment of the loan with the agreed-upon interest. Although the mechanisms may differ from exchange to exchange, the risks of providing margin funds are relatively low, owing to the fact that leveraged positions can be forcibly liquidated to prevent excessive losses. Still, margin funding requires users to keep their funds in the exchange wallet. So, it is important to consider the risks involved and to understand how the feature works on their exchange of choice.

Closing thoughts
Certainly, margin trading is a useful tool for those looking to amplify the profits of their successful trades. If used properly, the leveraged trading provided by margin accounts can aid in both profitability and portfolio diversification.

As mentioned, however, this method of trading can also amplify losses and involves much higher risks. So, it should only be used by highly skilled traders. As it relates to cryptocurrency, margin trading should be approached even more carefully due to the high levels of market volatility.

Source: Binance


Continue Reading

The Step by Step Portfolio Planning Process

There are few things more important and more daunting than creating a long-term investment strategy that can enable an individual to invest with confidence and with clarity about his or her future. Constructing an investment portfolio requires a deliberate and precise portfolio-planning process that follows five essential steps.

Step 1: Assess the Current Situation
Planning for the future requires having a clear understanding of an investor’s current situation in relation to where they want to be. That requires a thorough assessment of current assets, liabilities, cash flow and investments in light of the investor's most important goals. Goals need to be clearly defined and quantified so that the assessment can identify any gaps between the current investment strategy and the stated goals. This step needs to include a frank discussion about the investor’s values, beliefs, and priorities, all of which set the course for developing an investment strategy.

Step 2: Establish Investment Objectives
Establishing investment objectives centers on identifying the investor’s risk-return profile. Determining how much risk an investor is willing and able to assume, and how much volatility the investor can withstand, is key to formulating a portfolio strategy that can deliver the required returns with an acceptable level of risk. Once an acceptable risk-return profile is developed, benchmarks can be established for tracking the portfolio’s performance. Tracking the portfolio’s performance against benchmarks allows smaller adjustments to be made along the way.

Step 3: Determine Asset Allocation
Using the risk-return profile, an investor can develop an asset allocation strategy. Selecting from various asset classes and investment options, the investor can allocate assets in a way that achieves optimum diversification while targeting the expected returns. The investor can also assign percentages to various asset classes, including stocks, bonds, cash and alternative investments, based on an acceptable range of volatility for the portfolio. The asset allocation strategy is based on a snapshot of the investor’s current situation and goals and is usually adjusted as life changes occur. For example, the closer an investor gets to his or her retirement target date, the more the allocation may change to reflect less tolerance for volatility and risk.

Step 4: Select Investment Options
Individual investments are selected based on the parameters of the asset allocation strategy. The specific investment type selected depends in large part on the investor’s preference for active or passive management. An actively managed portfolio might include individual stocks and bonds if there are sufficient assets to achieve optimum diversification, which is typically over $1 million in assets. Smaller portfolios can achieve the proper diversification through professionally managed funds, such as mutual funds or with exchange-traded funds. An investor might construct a passively managed portfolio with index funds selected from the various asset classes and economic sectors.

Step 5: Monitor, Measure and Rebalance
After implementing a portfolio plan, the management process begins. This includes monitoring the investments and measuring the portfolio’s performance relative to the benchmarks. It is necessary to report investment performance at regular intervals, typically quarterly, and to review the portfolio plan annually. Once a year, the investor’s situation and goals get a review to determine if there have been any significant changes. The portfolio review then determines if the allocation is still on target to track the investor’s risk-reward profile. If it is not, then the portfolio can be rebalanced, selling investments that have reached their targets, and buying investments that offer greater upside potential.

When investing for lifelong goals, the portfolio planning process never stops. As investors move through their life stages, changes may occur, such as job changes, births, divorce, deaths or shrinking time horizons, which may require adjustments to their goals, risk-reward profiles or asset allocations. As changes occur, or as market or economic conditions dictate, the portfolio planning process begins anew, following each of the five steps to ensure that the right investment strategy is in place.


Continue Reading

Over $600M Stolen in Poly Network Cross-Chain Hack

Một cuộc tấn công mạng khổng lồ trị giá 600 triệu đô la nhằm vào Poly Network đã được thực hiện vào sáng thứ Ba. Dòng tweet từ Poly Network có nội dung: “Thông báo quan trọng: Chúng tôi rất tiếc phải thông báo rằng #PolyNetwork đã bị tấn công trên @BinanceChain @ethereum và @ 0xPolygon. Nội dung đã được chuyển đến các địa chỉ sau của tin tặc: 

ETH: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963

BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71. ”

Poly Network là một giao thức trao đổi mã thông báo qua một số blockchain như Bitcoin , Ethereum và các loại khác. Số tài sản bị đánh cắp tổng cộng lên đến 273 triệu đô la ETH, 253 triệu đô la trong mã thông báo BSC và 85 triệu đô la USDC được lấy từ mạng Polygon. 

Trong một loạt các tweet tiếp theo, Poly Network tuyên bố rằng tin tặc đã gửi $ USDC và $ DAI vào đường cong và kêu gọi các thợ đào của các sàn giao dịch và blockchain bị ảnh hưởng liệt kê danh sách đen bất kỳ mã thông báo nào từ các địa chỉ nói trên. Theo một tweet từ CTO của Tether

Paolo Ardoino, Tether đã đóng băng 33 triệu đô la USDT là một phần của tài sản bị đánh cắp, khóa các mã thông báo một cách hiệu quả. Trong khi đó, CRO của Binance Changpeng Zhao đã tweet rằng “chúng tôi biết về việc khai thác https://poly.network xảy ra ngày hôm nay. Mặc dù không ai kiểm soát BSC (hoặc ETH), chúng tôi đang phối hợp với tất cả các đối tác bảo mật của mình để chủ động trợ giúp. Không có đảm bảo. Chúng tôi sẽ làm nhiều nhất có thể. Ở SAFU. ”

Theo dõi những người chịu trách nhiệm

Theo SlowMist , nhóm bảo mật đã thông báo rằng họ đã theo dõi thành công hộp thư, địa chỉ IP và vân tay thiết bị của tin tặc . Kẻ tấn công Poly Network đã được tìm thấy thông qua theo dõi trên chuỗi và ngoài chuỗi. SlowMist cho biết thêm rằng “với sự hỗ trợ kỹ thuật của đối tác của SlowMist là Hoo Tiger Symbol và nhiều sàn giao dịch, nhóm bảo mật SlowMist đã phát hiện ra rằng nguồn tiền ban đầu của hacker là Monero (XMR), sau đó được đổi thành BNB, ETH, MATIC, trên sàn giao dịch, rút tiền đến 3 địa chỉ và sớm phát động cuộc tấn công vào 3 chuỗi. ” Nhóm bảo mật kết luận rằng do dòng tiền và thông tin dấu vân tay, có thể cho rằng đây là một cuộc tấn công được lên kế hoạch tốt, có tổ chức và tốn nhiều thời gian. 


Continue Reading