Practical Tips on How to Trade Cryptocurrencies

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For some time now, I have been closely monitoring the performance of crypto currencies to get an idea of ​​the market direction. The routine my primary school teacher taught me - was to wake up, pray, brush your teeth, and have breakfast - has changed a little to wake you up, pray, and then go online (starting with coinmarketcap) to find out in which position the cryptographic assets are in red.

The beginning of 2018 was not a good time for altcoins and recognizable assets. Their performance was paralyzed by the bankers' frequent opinion that the crypto bubble would burst shortly. Nevertheless, the cryptocurrency's passionate supporters are always "HODLing," and they are reaping great.

Bitcoin has recently returned to almost $ 5,000. Bitcoin Cash came close to $ 500, while Ethereum found peace for $ 300. Almost every piece was hit by newcomers who were still in the exciting phase. At the moment, Bitcoin is back on track and is selling for $ 8,900. Many other cryptos have doubled since the upward trend began, and the market cap is $ 400 billion, compared to the recent high of $ 250 billion.

If you are slowly warming up to cryptocurrencies and want to become a good trader, the tips below will help.

Practical tips for exchanging crypto currencies

• Start modestly

You've already heard that crypto currency prices are skyrocketing. You have probably also learned that this upward trend might not last long. Some opponents usually valued bankers and economists, generally call them fast, prosperous regimes with no stable foundation.

Such messages can cause you to hurry up, invest, and avoid moderation. A little analysis of market trends and the good currencies you can invest in can guarantee you a good return. Whatever you do, don't invest all your hard-earned money in these assets.

• Understand how the exchange works

I recently saw a friend who sent a Facebook feed to one of their friends who wanted to trade on the stock exchange. He didn't know how it works. It is a dangerous decision. Always check the website you want to use before signing up, or at least before you start trading. If you have a dummy account to play with, take the opportunity to learn what the dashboard looks like.

• Don't insist on exchanging everything

There are over 1,400 crypto currencies to trade, but you can't tackle all of them. Spreading your portfolio over a large number of cryptos than you can effectively manage will minimize your profits. Pick a few; learn more about how to get your trading signals.

• Stay sober

Crypto currencies are volatile. It is both her curse and her blessing. As a trade with bitcoin storm, you need to understand that wild price fluctuations are inevitable. The uncertainty of when to do it makes someone an ineffective trader. Use hard data and other research methods to know when to act.

Successful traders belong to several online forums, in which crypto currency discussions about market trends and signals are discussed. Of course, your knowledge may be enough, but you have to trust other traders to get more relevant data.

• Clearly diversify

Almost everyone will tell you to expand your portfolio, but no one will remind you to manage real-life currencies. There are some worthless coins that you can use to make money quickly, but the best crypts to deal with are the ones that solve existing problems. Coins used in the real world are generally less volatile.

Don't diversify too early or too late. Before you decide to buy a crypto asset, you should know the market capitalization, price changes, and daily trading volume. If you keep a healthy wallet, you can make the most of these digital resources.

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Learn About the Bitcoin Trading

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Bitcoins are the new form of digital currency that is used by many traders and investors. Any currency market can trade bitcoins, but it's risky because you can lose your hard-earned money. You have to be

very careful before proceeding.

About Bitcoin:

A Bitcoin is identical to currency, although it has a digital form: you can save, invest, and spend it.

Cryptocurrency is already in circulation in the market that leads to Bitcoin. It started in 2009 with an anonymous person named Satoshi Nakamoto.

Became popular this year when the price dropped from $ 2 to $ 266. This happened in February and April.

A process known as mining would generate

Bitcoin using powerful computer algorithms called blocks. Once a block is decrypted, you will earn about

50 bitcoins.

Typically, solving a single problem takes a long time, maybe a year or so. If you can't do this, there is another way to get these bitcoins. That is, you buy it.

Working with Bitcoin:

When you buy Bitcoin, you exchange your real money and receive digital currency in Bitcoin.

It is very easy; if you want to exchange currency, you have to pay to get that currency. The same applies to

bitcoins.

You pay the current Bitcoin rate. Let's say its $ 200, and then you spend $ 200 and get Bitcoin. It is a kind of product. Most of the market exchanges make a lot of money by moving the currency in the market.

You get US dollars from donating these bitcoins and get rich instantly. However, the fact is that these exchanges lose money easily, as it seems easy to make money crypto online trading by converting

bitcoins to dollars.

Become a market participant:

There are many ways to become a player in the Bitcoin market. The easiest is to buy a dedicated computer, install the Bitcoin mining software, and decode the blocks. This process would be the easiest way, but it is slow.

If you want to make money faster, you need to form a team. You need to organize a Bitcoin pool with four to five members.

Then you can build a mining pool and decrypt blocks faster than one person. You could potentially decrypt multiple blocks at the same time.

The fastest way to make money with bitcoins is to go straight to the markets. Opt for reliable and reliable bitcoin exchanges that operate in the market.

You have to register first. Sign in and create an account. You then have to react to confirmations accordingly. This way, you stay informed about all Bitcoin work stocks.

You can trade bitcoins on any online trading platform. Some companies even accept Bitcoin payments.

Smart Asset Managers Founder Believes Filipinos Should Benefit From Filipino-Owned Businesses

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Who else should primarily benefit from businesses owned by Filipinos but their own fellow Filipinos. Thus, many should be excited about this new firm that is about to launch as well in the Philippines.

As the saying goes, love local - prioritizing every Filipino-made brand, product or service, to primarily patronize the brands made in the Philippines. Thus it goes the same for entrepreneurs or businessmen to put into consideration giving the Filipinos the most opportunity  to gain the best possible benefits out of Philippine-owned firms.

Rommel Santos is Philippine-born and he may be Australia-based but the Smart Asset Managers (SAM) founder and entrepreneur, said that his company, is a subscription-based firm that aims to revert to the conventional method of entrepreneurial journey through sharing economy, and this means that he also pushes for the creation of a cooperative wherein every subscriber automatically becomes a member of a coop.

"…… the State shall recognize cooperatives as associations organized for the economic and social betterment of their members, operating business enterprises based on mutual aid, and founded upon internationally accepted cooperative principles and practices” as per Republic Act 6939 that created the Cooperative Development Authority (CDA).

Santos wants SAM subscribers to be covered by a cooperative so Filipinos will benefit from whatever profit SAM will gain.

For now, a subscriber of 300USD gets rewarded of up to 15% monthly distributed daily to his SAM E-wallet account. It entails pre-development capital raising.

With a subscriber’s coop membership, he then has the sense of ownership or belongingness. Another is for Filipinos to have the income opportunity or beneficiaries are the general public.

AsTAs mentioned, the Melbourne, Australia-registered firm will soon have a grand launch in the country after settling all its amenabilities and formalities with the Philippine government.

Santos says that Smart Asset Managers Project Developments (SAMPD), wants to disrupt a long-going business practice of some foreign companies operating in the Philippines “where they write off or deduct their taxes by bringing out money from the Philippines to avoid paying appropriate local taxes should which should not be the case. "Let the benefit go where it should,” he explains. “We are not after any tax holidays, tax breaks or tax reliefs.” Santos has long announced that he wanted to contribute to bring positive changes to Filipinos’ financial state.

Especially now that the Philippine economy needs a big boost during the Covid-19 Pandemic when many businesses have either closed down or laid-off their employees, we have to commend the founder for such an honorable endeavor.