logo
logo
Sign in
Danial jack
Followers 1 Following 8
Danial jack 2021-06-18
img

Cryptocurrency has made many people successful millionaires, but at the same time, it has also pushed many towards suicide and crippled many organizations.

However, some two weeks into May, the value came crashing to a little over $30,000.

With risk parity, you divide your funds into different sectors, which means your gains come from various sources.

If Bitcoin reduces in its value, most other crypto assets will follow suit.

This dependence on the market makes it hard for risk parity to be the best risk management method.

Fortunately, DeFi also depends totally on the blockchain, so there is no fear.

collect
0
Danial jack 2021-06-08
img

For a variety of reasons, including public opinion, the news, and social media, market trends can shift.Many traders use market sentiment to forecast a crypto asset’s short- and medium-term potential.

Thus, investigating crypto market sentiment, in addition to technical and fundamental analysis, can be a valuable addition to a trader’s toolkit.

However, before we move further, let us look at what ‘market sentiment’ means in the crypto world.What Is Market Sentiment?The aggregate attitude of traders and investors toward a financial asset or market is known as market sentiment.

The ability of market sentiment to impact market cycles is undeniable.Essentially, market sentiment is influenced by a number of elements.

Information collected from fundamental analysis (FA) and technical analysis (TA) indicators may be included.

Making decisions based on a combination of all available information is usually a bright idea, just like the technical or fundamental analysis.

collect
0
Danial jack 2021-05-26
img

The bulls managed to push the price back to the $0.41 resistance but they couldn’t break the resistance as the price went on a strong course downward.On Wednesday, the price continued on a strong bearish course to $0.38 at the opening hours of the day.

A sharp drop was then realized at midday taking the price to a low of $0.21.

This was partly due to the announcement from Tesla to stop accepting Bitcoin as a payment option because of environmental reasons which affected the prices of most cryptocurrencies in the markets.Fanspel rebounded from the strong downtrend and went on to progress to the $0.32 mark, still on Wednesday.

The rebound ended at the $0.32 resistance and went on another sharp dump to $0.24.

It was a very busy and volatile day for Fanspel as the price fluctuated strongly at various intervals.The opening hours on Thursday were pretty much decided from the closing on Wednesday.

The bears kept pushing the price downwards until it dipped at $0.23.

collect
0
Danial jack 2021-04-29
img

You watch many games on TV and have a favorite team that you root for.

But you’re yet to play fantasy basketball.

The NBA is full of exciting talent, from veteran superstars such as Kevin Durant and LeBron James to reigning MVP Giannis Antetokounmpo and youngsters such as Luka Doncic.

Creating or Joining a Fantasy Basketball League  Although the 2020/2021 NBA season is already on, you can join or even create an ESPN Fantasy Basketball league any time.

Memorable Moments As a fantasy manager, there are just some of the moments you’ll live to remember.

It could be Russel Westbrook’s triple-double or Damian Lillard or James Harden’s epic scoring night.

collect
0
Danial jack 2021-06-17
img

Thailand’s central bank has ordered all banks and other financial institutions to cease all dealings with digital currencies, citing concerns over uncontrolled trading.

According to the central bank, virtual currencies are not legal cash in Thailand, and they can be used for money laundering and terrorism financing.

Finance Minister Apisak Tantivorawong, on the other hand, stated that regulators could not prevent the use of cryptocurrencies in Thailand.“The government will not ban cryptocurrency trading.

A regulatory framework to govern digital currencies will become clearer within a month,” the Finance Minister said, as quoted by the Bangkok Post.“After a recent discussion, related agencies agreed that regulators cannot stop the use of virtual currencies but will have to regulate and appropriately control them,” he added.Influence of Cryptocurrency on the World EconomyCryptocurrencies have an impact on humanity’s economic, political, cultural, and social lives.

There is currently a possibility of unscrupulous individuals surfacing on the market due to the lack of rules and warranties to protect bitcoin customers, which is one of the reasons to push some nations into having a crackdown on some coins with strict laws, regulations, and bans.Meme Coins, NFTs, and Exchange Tokens as Part of Thailand Crypto BanThailand is the most recent country to enforce cryptocurrency trading restrictions.

The Securities and Exchange Commission (SEC) of the Southeast Asian nation has banned meme currency like Dogecoin.

collect
0
Danial jack 2021-06-04
img

While some invested in this digital currency, many ran away from the opportunity out of fear.

But some twelve years down the line, the price of Bitcoin now ranges between $30,000 and $50,000.

The stability of Bitcoin, over these years, has made many traders investors.

What Affects the Value of Bitcoin Because Bitcoin is a cryptocurrency, many forget that it’s a commodity.

On the other hand, commodities like gold have more value because they aren’t readily available.

The market trend of Bitcoin behaves similarly to the gold market because Bitcoin is a scarce commodity.

collect
0
Danial jack 2021-05-25
img

The cryptocurrency market is in free fall with the prices dropping heavily by 25% last week.

Though there are various reasons for this dump, the most recent reason is due to concerns about Chinese making moves to crackdown on crypto mining and trading.

After trading above $3,000 on Tuesday, Ethereum fell below $2,000 per unit before regaining some of its lost ground.

Ether was trading at approximately $2,600 on Wednesday afternoon, down about 22%.

Dogecoin, the meme-turned-cryptocurrency, has lost more than 24% of its value.Three government-backed organizations, including the China Banking Association, issued an alert that many interpreted as implying that the country will control cryptocurrencies more strictly.They cautioned that digital currencies are not “absolute” and “cannot be used as market currency.” According to the joint statement, people’s property and the “natural order of economy and finance” were being jeopardized by the “speculation practices” that have engulfed virtual currencies, which have come amid surging and falling prices.Bitcoin was already on the decline earlier this month after Tesla (TSLA) CEO Elon Musk expressed concern about the cryptocurrency’s environmental effect.

However, a recent statement from a Chinese financial and banking regulators group seems to have stunned cryptocurrency markets even more.On Tuesday, the agencies said that financial institutions and payment companies should not engage in cryptocurrency transactions or offer cryptocurrency-related services to their customers.“Prices of cryptocurrency have skyrocketed and plummeted recently, and speculative trading has bounced back.

collect
0
Danial jack 2021-04-14
img

There are a few that have lately been on the rise and are worth watching in 2021.Crypto analysts and experts predict that some of the best cryptocurrencies that will go boom this year include Litecoin, Cardano, Bitcoin, and Ethereum.

To help you plan on how you will buy or invest in cryptocurrencies in 2021, we have compiled a list of the top three cryptocurrencies that will go boom this year.1.BitcoinBitcoin is considered the king of cryptocurrencies because it is currently the most widely used digital currency.

Bitcoin was one of the first cryptocurrencies, and most other digital currencies have been developed from its framework.There are many indicators that Bitcoin will be the best cryptocurrency for 2021.

At the beginning of the year, tech giant Tesla bought a $1.4 billion stake in bitcoin and may even start accepting the digital currency as payment in the near future.

Miners are likely to stick around Litecoin because of its high block reward of 12.5 LTC and short average mining time.Experts also predict that Litecoin is likely to remain immune to future market changes seeing that it currently ranks as one of Coinbase’s big four.

Even with the strong competition and limited supply of coins compared to other major cryptocurrencies like Bitcoin, Litecoin is likely to keep standing strong throughout the year.

collect
0
Danial jack 2021-06-10
img

As a newbie in the cryptocurrency space, it’s normal for you to get confused of the difference between coins and tokens.

In most cases, you’ll see these two terms often used interchangeably in cryptocurrency platforms and blogs.

Asides from being a currency, a crypto coin is a means of exchange as well as a means of saving passively.

Some features common to most crypto coins include;They are primarily decentralized entitiesThey depend on a blockchainThey follow the cryptocurrency graph system.You can use crypto coins in many ways.

In most cases, you can even liken a coin to the regular money you have, as you can use it to pay for items.

Some ways to use crypto coins include;Money TransfereCommerceSavingsToken building (Ethereum)Making network decisions (Dash)What is a Crypto Token?The primary difference between crypto coins and tokens is the blockchain difference.

collect
0
Danial jack 2021-05-31
img

For many years now, cryptocurrency has proven to doubters that it’s here to stay.

Millions of individuals make money through the cryptocurrency markets.

Very recently, the crypto market value came crashing down based on Chinese regulations and Tesla’s CEO, Elon Musk.

There are some factors that you must consider before you invest in cryptocurrency.

Also, crypto can go good and bad.

But with proper mind control, you’ll always make the right decisions.

collect
0
Danial jack 2021-05-21
img

COVID-19 causes a lot of financial havoc, and now that vaccines have been created, people are hopeful for this year, hoping to make up for what they lost the previous year.

Things will gradually return to normal, but despite the extensive damage, one sector has defied the trend and is expected to rise faster.

It’s the cryptocurrency market, which is led by bitcoins.If you have capital and want to pursue a high-yielding but high-risk project, cryptocurrency is where you can put your money.

But, before you rush in, keep in mind that it is a highly volatile digital asset, with equal chances of making a fortune or going bankrupt.

You can choose to hold, trade, invest, and many more.Have a full grasp of volatilityCryptocurrencies are inherently unpredictable, which means that their value fluctuates a lot.

Many people, including well-known celebrities, have labeled cryptocurrencies as scams since their inception.

collect
0
Danial jack 2021-04-01
img

Investors all over the globe are now looking to benefit from the many advantages that bitcoin provides.

The primary aim of mining bitcoin is to reap valuable rewards with bitcoin.

An alternate method is to purchase it through fiat currency and trade it on cryptocurrency exchanges.

The same way transactions are documented by banks, receipts, and so on, bitcoin is stored in blocks that are added into public records called the “Blockchain”.

Bitcoin miners are responsible for adding bitcoin in blocks by performing complex computations and making sure that the data stored is accurate.

This system is heavily regulated and performed based on the value it adds to the economy.

collect
0
Danial jack 2021-06-09
img

Did you realize that the terms blockchain and Bitcoin aren’t synonymous?

To put it another way, it’s an open, distributed ledger (database), which means the information stored in the blockchain is distributed (duplicated) among multiple computers and hence decentralized.

However, Bitcoin is only one type of cryptocurrency; blockchain technology also powers other cryptocurrency networks.

Moreover, it was unusual because it tackled a prevalent problem in digital currencies: “double spending.” This guarantees that each Bitcoin is one-of-a-kind and cannot be duplicated.

Because all Bitcoin transactions are immutable and confirmed by a network of independent miners, you always know where your money has gone.

While blockchain was created for digital money, it is currently being used for smart contracts and tracking items along the supply chain.

collect
0
Danial jack 2021-05-29
img

These currencies have grown in popularity because of their large market cap value and market stability.

Through fundamental analysis, a currency with a lower market cap can potentially give you way more gain than a large market cap.About a week ago, the values of Bitcoin and other popular cryptocurrencies like Ethereum and Dogecoin all came crashing down.

Let’s examine it first.What exactly is Polygon?Of course, polygon is a cryptocurrency that came into the market in 2017.

The co-founders of this currency are all Indians with the names; Anurag Arjun, Jayanti Kaman, and Sandeep Nailwal.

After a little while, a Serbian, Mihailo Bjelic, joined the team as a Co-Founder.

When the polygon crypto first launched, it was known initially as the Matic Network.If you’ve ever had issues with Ethereum on another blockchain or maybe a congestion issue because of the demand, polygon may be the solution.

collect
0
Danial jack 2021-05-07
img

Cardano is the first proof-of-stake blockchain platform, based on peer-reviewed studies and designed using evidence-based methods.

It integrates cutting-edge technology to provide decentralized applications, processes, and communities with unrivaled protection and long-term viability.

Should you have it in your cryptocurrency portfolio?

Charles Hoskinson, a former co-founder of Ethereum, is the official founder of Cardano.

Multiple layers for settlements and computations, evidence of stake agreement, and the potential to update quickly in the future are some of Cardano’s core improvements.

Since then, the ever-expanding team of developers has been hard at work, preparing the Cardano Computation Layer to launch smart contracts.

collect
0
Danial jack 2021-03-25
img

Below are some ways in which blockchain has impacted the education sector.

They are also especially prone to manipulation and damage.

It Makes Issuance of Certificates Easier Certificates are vital pieces of information that highlights your completion of a particular discipline.

Fortunately, similar to storing grades and other irks information, blockchain is a platform that can store and distribute certificates digitally.

Although you may think this to be very difficult to achieve, it is already being done in multiple countries.

For example, schools like MIT have begun using blockchain to issue certificates to their most recent graduates.

collect
0
Danial jack 2021-06-18
img

Cryptocurrency has made many people successful millionaires, but at the same time, it has also pushed many towards suicide and crippled many organizations.

However, some two weeks into May, the value came crashing to a little over $30,000.

With risk parity, you divide your funds into different sectors, which means your gains come from various sources.

If Bitcoin reduces in its value, most other crypto assets will follow suit.

This dependence on the market makes it hard for risk parity to be the best risk management method.

Fortunately, DeFi also depends totally on the blockchain, so there is no fear.

Danial jack 2021-06-10
img

As a newbie in the cryptocurrency space, it’s normal for you to get confused of the difference between coins and tokens.

In most cases, you’ll see these two terms often used interchangeably in cryptocurrency platforms and blogs.

Asides from being a currency, a crypto coin is a means of exchange as well as a means of saving passively.

Some features common to most crypto coins include;They are primarily decentralized entitiesThey depend on a blockchainThey follow the cryptocurrency graph system.You can use crypto coins in many ways.

In most cases, you can even liken a coin to the regular money you have, as you can use it to pay for items.

Some ways to use crypto coins include;Money TransfereCommerceSavingsToken building (Ethereum)Making network decisions (Dash)What is a Crypto Token?The primary difference between crypto coins and tokens is the blockchain difference.

Danial jack 2021-06-08
img

For a variety of reasons, including public opinion, the news, and social media, market trends can shift.Many traders use market sentiment to forecast a crypto asset’s short- and medium-term potential.

Thus, investigating crypto market sentiment, in addition to technical and fundamental analysis, can be a valuable addition to a trader’s toolkit.

However, before we move further, let us look at what ‘market sentiment’ means in the crypto world.What Is Market Sentiment?The aggregate attitude of traders and investors toward a financial asset or market is known as market sentiment.

The ability of market sentiment to impact market cycles is undeniable.Essentially, market sentiment is influenced by a number of elements.

Information collected from fundamental analysis (FA) and technical analysis (TA) indicators may be included.

Making decisions based on a combination of all available information is usually a bright idea, just like the technical or fundamental analysis.

Danial jack 2021-05-31
img

For many years now, cryptocurrency has proven to doubters that it’s here to stay.

Millions of individuals make money through the cryptocurrency markets.

Very recently, the crypto market value came crashing down based on Chinese regulations and Tesla’s CEO, Elon Musk.

There are some factors that you must consider before you invest in cryptocurrency.

Also, crypto can go good and bad.

But with proper mind control, you’ll always make the right decisions.

Danial jack 2021-05-26
img

The bulls managed to push the price back to the $0.41 resistance but they couldn’t break the resistance as the price went on a strong course downward.On Wednesday, the price continued on a strong bearish course to $0.38 at the opening hours of the day.

A sharp drop was then realized at midday taking the price to a low of $0.21.

This was partly due to the announcement from Tesla to stop accepting Bitcoin as a payment option because of environmental reasons which affected the prices of most cryptocurrencies in the markets.Fanspel rebounded from the strong downtrend and went on to progress to the $0.32 mark, still on Wednesday.

The rebound ended at the $0.32 resistance and went on another sharp dump to $0.24.

It was a very busy and volatile day for Fanspel as the price fluctuated strongly at various intervals.The opening hours on Thursday were pretty much decided from the closing on Wednesday.

The bears kept pushing the price downwards until it dipped at $0.23.

Danial jack 2021-05-21
img

COVID-19 causes a lot of financial havoc, and now that vaccines have been created, people are hopeful for this year, hoping to make up for what they lost the previous year.

Things will gradually return to normal, but despite the extensive damage, one sector has defied the trend and is expected to rise faster.

It’s the cryptocurrency market, which is led by bitcoins.If you have capital and want to pursue a high-yielding but high-risk project, cryptocurrency is where you can put your money.

But, before you rush in, keep in mind that it is a highly volatile digital asset, with equal chances of making a fortune or going bankrupt.

You can choose to hold, trade, invest, and many more.Have a full grasp of volatilityCryptocurrencies are inherently unpredictable, which means that their value fluctuates a lot.

Many people, including well-known celebrities, have labeled cryptocurrencies as scams since their inception.

Danial jack 2021-04-29
img

You watch many games on TV and have a favorite team that you root for.

But you’re yet to play fantasy basketball.

The NBA is full of exciting talent, from veteran superstars such as Kevin Durant and LeBron James to reigning MVP Giannis Antetokounmpo and youngsters such as Luka Doncic.

Creating or Joining a Fantasy Basketball League  Although the 2020/2021 NBA season is already on, you can join or even create an ESPN Fantasy Basketball league any time.

Memorable Moments As a fantasy manager, there are just some of the moments you’ll live to remember.

It could be Russel Westbrook’s triple-double or Damian Lillard or James Harden’s epic scoring night.

Danial jack 2021-04-01
img

Investors all over the globe are now looking to benefit from the many advantages that bitcoin provides.

The primary aim of mining bitcoin is to reap valuable rewards with bitcoin.

An alternate method is to purchase it through fiat currency and trade it on cryptocurrency exchanges.

The same way transactions are documented by banks, receipts, and so on, bitcoin is stored in blocks that are added into public records called the “Blockchain”.

Bitcoin miners are responsible for adding bitcoin in blocks by performing complex computations and making sure that the data stored is accurate.

This system is heavily regulated and performed based on the value it adds to the economy.

Danial jack 2021-06-17
img

Thailand’s central bank has ordered all banks and other financial institutions to cease all dealings with digital currencies, citing concerns over uncontrolled trading.

According to the central bank, virtual currencies are not legal cash in Thailand, and they can be used for money laundering and terrorism financing.

Finance Minister Apisak Tantivorawong, on the other hand, stated that regulators could not prevent the use of cryptocurrencies in Thailand.“The government will not ban cryptocurrency trading.

A regulatory framework to govern digital currencies will become clearer within a month,” the Finance Minister said, as quoted by the Bangkok Post.“After a recent discussion, related agencies agreed that regulators cannot stop the use of virtual currencies but will have to regulate and appropriately control them,” he added.Influence of Cryptocurrency on the World EconomyCryptocurrencies have an impact on humanity’s economic, political, cultural, and social lives.

There is currently a possibility of unscrupulous individuals surfacing on the market due to the lack of rules and warranties to protect bitcoin customers, which is one of the reasons to push some nations into having a crackdown on some coins with strict laws, regulations, and bans.Meme Coins, NFTs, and Exchange Tokens as Part of Thailand Crypto BanThailand is the most recent country to enforce cryptocurrency trading restrictions.

The Securities and Exchange Commission (SEC) of the Southeast Asian nation has banned meme currency like Dogecoin.

Danial jack 2021-06-09
img

Did you realize that the terms blockchain and Bitcoin aren’t synonymous?

To put it another way, it’s an open, distributed ledger (database), which means the information stored in the blockchain is distributed (duplicated) among multiple computers and hence decentralized.

However, Bitcoin is only one type of cryptocurrency; blockchain technology also powers other cryptocurrency networks.

Moreover, it was unusual because it tackled a prevalent problem in digital currencies: “double spending.” This guarantees that each Bitcoin is one-of-a-kind and cannot be duplicated.

Because all Bitcoin transactions are immutable and confirmed by a network of independent miners, you always know where your money has gone.

While blockchain was created for digital money, it is currently being used for smart contracts and tracking items along the supply chain.

Danial jack 2021-06-04
img

While some invested in this digital currency, many ran away from the opportunity out of fear.

But some twelve years down the line, the price of Bitcoin now ranges between $30,000 and $50,000.

The stability of Bitcoin, over these years, has made many traders investors.

What Affects the Value of Bitcoin Because Bitcoin is a cryptocurrency, many forget that it’s a commodity.

On the other hand, commodities like gold have more value because they aren’t readily available.

The market trend of Bitcoin behaves similarly to the gold market because Bitcoin is a scarce commodity.

Danial jack 2021-05-29
img

These currencies have grown in popularity because of their large market cap value and market stability.

Through fundamental analysis, a currency with a lower market cap can potentially give you way more gain than a large market cap.About a week ago, the values of Bitcoin and other popular cryptocurrencies like Ethereum and Dogecoin all came crashing down.

Let’s examine it first.What exactly is Polygon?Of course, polygon is a cryptocurrency that came into the market in 2017.

The co-founders of this currency are all Indians with the names; Anurag Arjun, Jayanti Kaman, and Sandeep Nailwal.

After a little while, a Serbian, Mihailo Bjelic, joined the team as a Co-Founder.

When the polygon crypto first launched, it was known initially as the Matic Network.If you’ve ever had issues with Ethereum on another blockchain or maybe a congestion issue because of the demand, polygon may be the solution.

Danial jack 2021-05-25
img

The cryptocurrency market is in free fall with the prices dropping heavily by 25% last week.

Though there are various reasons for this dump, the most recent reason is due to concerns about Chinese making moves to crackdown on crypto mining and trading.

After trading above $3,000 on Tuesday, Ethereum fell below $2,000 per unit before regaining some of its lost ground.

Ether was trading at approximately $2,600 on Wednesday afternoon, down about 22%.

Dogecoin, the meme-turned-cryptocurrency, has lost more than 24% of its value.Three government-backed organizations, including the China Banking Association, issued an alert that many interpreted as implying that the country will control cryptocurrencies more strictly.They cautioned that digital currencies are not “absolute” and “cannot be used as market currency.” According to the joint statement, people’s property and the “natural order of economy and finance” were being jeopardized by the “speculation practices” that have engulfed virtual currencies, which have come amid surging and falling prices.Bitcoin was already on the decline earlier this month after Tesla (TSLA) CEO Elon Musk expressed concern about the cryptocurrency’s environmental effect.

However, a recent statement from a Chinese financial and banking regulators group seems to have stunned cryptocurrency markets even more.On Tuesday, the agencies said that financial institutions and payment companies should not engage in cryptocurrency transactions or offer cryptocurrency-related services to their customers.“Prices of cryptocurrency have skyrocketed and plummeted recently, and speculative trading has bounced back.

Danial jack 2021-05-07
img

Cardano is the first proof-of-stake blockchain platform, based on peer-reviewed studies and designed using evidence-based methods.

It integrates cutting-edge technology to provide decentralized applications, processes, and communities with unrivaled protection and long-term viability.

Should you have it in your cryptocurrency portfolio?

Charles Hoskinson, a former co-founder of Ethereum, is the official founder of Cardano.

Multiple layers for settlements and computations, evidence of stake agreement, and the potential to update quickly in the future are some of Cardano’s core improvements.

Since then, the ever-expanding team of developers has been hard at work, preparing the Cardano Computation Layer to launch smart contracts.

Danial jack 2021-04-14
img

There are a few that have lately been on the rise and are worth watching in 2021.Crypto analysts and experts predict that some of the best cryptocurrencies that will go boom this year include Litecoin, Cardano, Bitcoin, and Ethereum.

To help you plan on how you will buy or invest in cryptocurrencies in 2021, we have compiled a list of the top three cryptocurrencies that will go boom this year.1.BitcoinBitcoin is considered the king of cryptocurrencies because it is currently the most widely used digital currency.

Bitcoin was one of the first cryptocurrencies, and most other digital currencies have been developed from its framework.There are many indicators that Bitcoin will be the best cryptocurrency for 2021.

At the beginning of the year, tech giant Tesla bought a $1.4 billion stake in bitcoin and may even start accepting the digital currency as payment in the near future.

Miners are likely to stick around Litecoin because of its high block reward of 12.5 LTC and short average mining time.Experts also predict that Litecoin is likely to remain immune to future market changes seeing that it currently ranks as one of Coinbase’s big four.

Even with the strong competition and limited supply of coins compared to other major cryptocurrencies like Bitcoin, Litecoin is likely to keep standing strong throughout the year.

Danial jack 2021-03-25
img

Below are some ways in which blockchain has impacted the education sector.

They are also especially prone to manipulation and damage.

It Makes Issuance of Certificates Easier Certificates are vital pieces of information that highlights your completion of a particular discipline.

Fortunately, similar to storing grades and other irks information, blockchain is a platform that can store and distribute certificates digitally.

Although you may think this to be very difficult to achieve, it is already being done in multiple countries.

For example, schools like MIT have begun using blockchain to issue certificates to their most recent graduates.