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A Comprehensive Guide to Cryptocurrency Trading Strategies

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A Comprehensive Guide to Cryptocurrency Trading Strategies

Are you a Crypto Enthusiast who wants to learn crypto-related trading strategies? Well, we have got you covered. This article talks about what crypto trading is, the most common trading strategies, and represents ways to learn the crypto market and trading strategies.

Table of Contents 

  • What Exactly is Crypto Trading?
  • Types of Trading Strategies 
  • Concluding Lines: Ways to Learn Cryptocurrency Market and Trading Techniques

What Exactly is Crypto Trading?

Cryptocurrency trading is the act of speculating on cryptocurrency price via buying and selling the underlying coins through an exchange. The market of Cryptocurrency is decentralized, meaning they run across a network of computers and are not backed by a central authority. The underlying technology behind Cryptocurrency is Blockchain which is a peer-to-peer, decentralized distributed ledger technology. 

Out of all the cryptocurrencies, Bitcoin is undoubtedly the first and most widely used one all across the globe and has the biggest market cap of $54,280.00 at the time of writing. 

Interested in learning more about cryptocurrency trading and becoming a Certified Cryptocurrency Trader? Get started today with Blockchain Council!

Types of Trading Strategies 

  • Scalping 

Scalping is a crypto-based strategy of taking advantage of small market movements, promptly entering and exiting trades during a day, or maybe even an hour or seconds. The major advantage of this technique is that it is relatively safer than other trading strategies. And since this strategy employs minimal time frames, therefore it is possible to exit the trade anytime, even in case if you have a series of bad trades. This technique empowers users to control how much they win and lose. 

While utilizing this strategy, the trader has to watch charts precisely and stay near the trading terminal in order to be able to react promptly to market change.

  • Swing Trading 

In comparison to day trading(that involves entering and exiting positions within the same day) and trend trading(that involves holding positions for a longer period of time), this trading strategy sits in the middle between the two. It holds positions for longer than a day(unlike scalping) but typically not longer than a few weeks or a month. This strategy uses a combination of technical and fundamental factors to formulate their trade ideas.  With this particular trading, decisions can be made with less haste and more rationality unlike day trading that requires fast decisions and speedy execution. 

  • Automated Trading Bots 

This is another popular strategy for trading that is used widely. We can define automated trading bots as automated computer programs that can sell and buy cryptocurrencies independently. The primary purpose of such types of bots is to produce as much profit as possible for their consumers. The trading by these bots is done by constantly monitoring the market and reacting to the specific set of predetermined rules. Based on user preferences, these bots can analyze the various market criteria such as price, volume, orders, and others.

  • Arbitrage 

This one is the most common trading strategy in which a trader buys an asset when the price is low and sells when the price goes higher. 

  • Dollar-Cost Averaging (DCA)

Dollar-Cost Averaging (DCA) is a type of investment strategy whose aim is to lessen the impact of volatility when an investor purchases large financial assets like equities. In the UK, it is recognized as Pound Cost Averaging, whereas in the US, it is known as Constant Dollar. The major benefit of this trading strategy is that it eliminates emotional investing, reduces risks, and avoids bad timing.

  • Fundamental Analysis

In fundamental analysis trading strategy, traders use several different indicators to know if an asset is undervalued or overvalued. This strategy is used majorly by those traders who want to hold their assets for longer periods of time. The strategy is based on the idea that if an asset is undervalued, then its price and worth can be improved over time. 

  • Staking Coins and Tokens 

Staking coins and tokens is the other technique that traders opt for. They perfectly align with the diversification goal, as they generate staking profits over time. The process is simple; you just have to buy them, lock them, and stake and become a validator node in their respective network.

The best part is that you need not require any additional maintenance, as after buying and locking the staking tokens, you can forget them until the next staking cycle. Also, you can sell them at any moment, and they don’t devalue.

Concluding Lines: Ways to Learn Cryptocurrency Market and Trading Techniques

As we have explored some of the most common trading techniques, let’s explore how to master the Cryptocurrency market and learn trading through online certifications. 

Certified Cryptocurrency Expert

This certification course provides an advanced level of training that provides you with profuse expertise on cryptocurrencies and digital assets. A cryptocurrency expert is one who has a wide knowledge of cryptocurrencies and the functioning of distributed ledger technology. He possesses expert-level knowledge about bitcoin protocols and can develop and integrate applications with the bitcoin network. The training covers all the fundamentals of Cryptocurrency, such as the concept of blockchain, Initial Coin Offering (ICO), educates how to trade, what to buy, wallets, and much more.

Certified Cryptocurrency Trader

This course is meant for you if you are one of those who wants to know all about trading rules and predicting markets. A Cryptocurrency Trader is a skilled professional who knows in-depth what Cryptocurrency is and how it works and uses the acquired knowledge to make new utility tokens and Cryptocurrencies. This certification is suitable for beginners and professionals who want to give their careers a boost specializing in cryptocurrency trading. This course will help you explore trading in-depth, understand risk management and trading psychology. Additionally, you will learn about candlestick charts and trading strategies. 

Online Degree in Cryptocurrency and Trading 

This cryptocurrency certification provides detailed information on cryptocurrencies, blockchain, the technology behind cryptocurrencies, the concept of trading, how to trade, and more deeply. An Online Degree holder works closely with cryptocurrency trading, investments, & crypto consultation. With the help of this course, you will also learn about spotting the current trends and analysis, which will definitely enhance your crypto-trading skills. After completing this Online Degree, you will be able to master the concepts of Cryptocurrency & trading that are commonly used across multiple industries to solve large-scale problems.

To get instant updates about Blockchain Technology and to learn more about online blockchain certifications, check out Blockchain Council.

A Comprehensive Guide to Cryptocurrency Trading Strategies

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Cointelegraph Consulting: Research outlines how DeFi can merge with traditional finance

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Whilst public adoption of crypto assets is increasing, the global regulations continue to progress and recognise decentralized technologies as a suitable infrastructure for the dematerialisation of securities. In Luxembourg, the country that is second in the world in terms of assets under management, the country’s regulator adopted a bill that explicitly recognised the possibility of using distributed ledger technology for the dematerialisation of securities. 

The regulation is moving quickly elsewhere across Europe: Tokenized securities now fall under the same rules and regulations as traditional financial instruments in many other European countries including France, Switzerland, Germany, Italy, the Netherlands, Romania, Spain and the UK.

Read the ebook to discover how you can be part of this emerging digital asset industry. Download the full report here.

What next for the industry? Due to the increase in public adoption and the favourable regulatory environment, demand from the financial industry to access digital networks is on the rise. So far, banks have digitized the retail industry but not much has evolved in capital markets.

The digitization of this industry is now possible through the blockchain, an infrastructure now widely recognized by the largest governments globally for financial instruments. Funds and asset managers can now upgrade their distribution channels by launching Digital Asset Marketplace (DAM) and connecting to others via decentralized networks.

DAMs will help their customers discover new opportunities, manage their investments and even open secondary market possibilities. In this ebook, industry participants explain how capital market players can benefit from blockchain by launching a DAM and maximizing the monetization of their investor base.

Financial institutions are beginning to publicly embrace and adopt the technology. So far they have started, as expected, with crypto-assets. Once they begin to trust the technology and it becomes embedded within their portfolios, it will mean one thing: curiosity will peak and these institutions will realise the operational benefits of decentralized technology.

Driven by increased confidence in the technology, and pressured by DeFi replacing many traditional banking functions, institutions will begin to learn that the technology can solve long-standing and deeply entrenched industry problems, particularly in the opaque and highly illiquid private markets.

Digital Asset Marketplaces, i.e. primary and secondary venues where investors meet, will be the driver for this according to the study. However, open source standards like the Token for Regulated EXchanges (T-REX), are required to enforce compliance onchain in a heavily regulated world.

Cointelegraph Consulting: Research outlines how DeFi can merge with traditional finance

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Blockchain Developer: Responsibilities, Skills, Salaries, and Tips to Become One

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Blockchain Developer Responsibilities, Skills, Salaries, and Tips to Become One

Are you a Blockchain enthusiast? Want to become a Blockchain Developer and upskill? You have landed on the right page. This article talks about the responsibilities, qualifications, salaries of a Blockchain developer and teaches how to become a successful developer.

Table of Contents 

  • Who is a Blockchain Developer?
  • What are the Roles and Responsibilities of a Blockchain Developer?
  • What are Skill Sets Required?
  • How Much They Get Earned?
  • Concluding Lines: How to Become One?

Who is a Blockchain Developer?

A Blockchain Developer is one who understands Blockchain technology profoundly and can build Blockchain-based applications. He/she specialize in creating and implementing technical solutions for organizations with Blockchain Technology. 

What are the Roles and Responsibilities of a Blockchain Developer?

The key responsibility of a developer is to analyze requirements, design secure blockchain technologies, develop application’s functionalities and finally build and launch a blockchain network.

Apart from this, their other responsibilities include:

  • Blockchain Developers need to collaborate with managers and engineering teams in order to understand the requirements and envision functionalities.
  • Brainstorm and help create application features and interfaces with new tools and technologies using programming languages.
  • Create and build infrastructure, and apply the latest security measures to protect digital transaction data against cyberattacks and other malpractices.
  • Maintain and extend current client-side and server-side applications.
  • Optimize and secure blockchain-based applications by integrating the latest tools and technologies.
  • Documenting the entire blockchain development processes. Document new solutions as well as existing ones.

What are the Skill Sets Required?

Now, as we have understood who is a Blockchain developer and what are their roles and responsibilities, let’s have a look at the skill sets required to become one. 

Blockchain Fundamentals

In order to become a successful Blockchain professional, one needs to understand and learn what its fundamentals are. Blockchain fundamentals include understanding how the technology works, its benefits and use-cases, what are smart contracts, concepts of networking, cryptography, etc.

Extensive Knowledge of Data Structures and Programming Languages

Since Blockchain has a complex structure, it is essential to understand and learn data structures

along with advanced cryptography for building a secure and immutable system. Also, one should consider learning a few programming languages such as Java, Solidity, C++, Python, JavaScript, Ruby, C#, etc.

In-depth Understanding of Blockchain Architecture

A Developer must have an excellent understanding of the working of a Blockchain and its architecture. Right from understanding its architecture basics to understanding the tools required, one must gain an in-depth understanding of everything related to Blockchain architecture.

Learn Blockchain Security 

One must gain a thorough understanding of Merkle Tree, cryptographic hashing, private key, and public-key cryptography, and much more. Learn about Blockchain’s inherent security features and associated risk, and understand the best security practices for Blockchain infrastructure. In order to become a Blockchain developer, one must know how to mitigate Blockchain security risk.

How Much They Get Earned?

The salaries of Blockchain professionals are skyrocketing. In fact, it is the most demanding skill at present. But to earn high salaries, it is important to have the right skills in the Blockchain space. Other factors that contribute to salary are how much experience one holds and their job location. Blockchain Council, a globally-recognized online platform known for imparting world-class training in Blockchain space with its own market research, found that people with the right skills and certification, on average, make 30% more salary compared to equivalent job profiles.

According to Glassdoor, the national average salary for a Blockchain Developer is $1,01,689 in the United States, and the national average salary of a developer is ₹5,07,137 in India. Glassdoor also reports that the average salary for a Blockchain Developer is £50,137 in London, UK.

Concluding Lines: How to Become One?

Becoming a professional in this domain has become much simpler now, all thanks to tons of online learning material. If you are planning to start a career in the Blockchain space, now is the perfect time to get into Blockchain development.

Backed by the extensive practical-based sessions, Blockchain Council offers online training and certifications to aspiring trainees to render the desired competence to have a successful career in the Blockchain space. Blockchain Council offers the most in-demand certification, specifically in the crypto and blockchain field. It is one of the most renowned names for certifications & training in Blockchain and related fields worldwide.

So what are you waiting for? Get enrolled in Blockchain Council and become a Certified Blockchain Developer today!

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council.  

Blockchain Developer: Responsibilities, Skills, Salaries, and Tips to Become One

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UK firm launches service for company treasuries to invest in Bitcoin

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BCB Group, a global digital financial services firm, is planning to help corporations navigate cryptocurrencies like Bitcoin (BTC) by launching a dedicated service.

According to a Feb. 19 announcement, BCB Group has launched BCB Treasury, a new service designed for corporate treasury departments seeking to get involved in Bitcoin à la Tesla. 

The new service aims to provide a specific solution enabling access to treasury management for companies willing to invest their capital into Bitcoin and other digital assets. With BCB Treasury, executives can enter, hold, manage, and report on a Bitcoin-focused treasury strategy, the announcement states.

BCB Group founder and CEO Oliver von Landsberg-Sadie said that the launch of BCB Treasury comes in response to growing demand triggered by the recent Bitcoin moves of companies like MicroStrategy and Tesla. The exec said that lots of companies are looking to invest in crypto to hedge against weak fiat currencies:

“We are seeing some powerful signals attracting companies to the digital asset space including the debasement of reserve currencies through unprecedented levels of central bank money supply.”

Last year, BCB Group’s core business BCB Payments received regulatory approval from the United Kingdom’s Financial Conduct Authority.

Headquartered in London, BCB Group is a major European crypto payment services provider, serving some of the world’s largest crypto companies like Coinbase, Gemini, Galaxy Digital, Bitstamp and Kraken. In early February, the firm appointed former Coinbase UK CEO Zeeshan Feroz as an advisor.

UK firm launches service for company treasuries to invest in Bitcoin

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Bitfinex Finally Completes Loan Repayment To Sister Firm Tether

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Crypto exchange Bitfinex said it has finally repaid the $550 million loan to Tether, the issuer of the Tether (USDT) stablecoin.

In 2018, Tether lent the exchange over $600 million, both of which have the same ownership and executives. However, the transaction wasn’t made public until a year later after the report by New York Attorney General’s Office (NYAG). The report alleged that Bitfinex is secretly using Tether’s reserve to cover the $850 million loss suffered from a deal with Crypto Capital Corp.

But Bitfinex came out to clear the air and stated an initial payment has already been made to clear the loan.

According to Bitfinex’s website, the line of credit opened by Tether has been canceled after Bitfinex met the remaining loan payment requirement. The final repayment was made last month, according to the official statement.

Repayment has added more weight to Tether

According to Stuart Hoegner, Tether’s general counsel, Tether’s USDT’s stablecoin was 74% backed by fiat currencies as of April 2019.  He said this was due to the loan given to Bitfinex to cover lost funds. However, Deltec, Tether’s Bahamas-based bank, stated that the Tether (USDT) stablecoin is fully supported by reserve, which is what is in circulation.

Coinbase Looking To Land Killing Blow on Tether USDT
Source: Coin Review

Presently, Tether’s market capitalization is about $28.31 billion. But five months ago, the market cap was less than half the present value. As of the time of writing, Deltec has not responded to emails sent for more information regarding the loan repayment.

Bitfinex said the previous payment made to Tether was made in entirely fiat currency, which has added more backing to USDT tokens. “Bitfinex made this payment in fiat currency wired to Tether’s bank account,” the official statement from Bitfinex reads.

Bitfinex still facing legal issues

While the loan repayment is a good thing for Bitfinex, the crypto exchange is still the target of several lawsuits. The accusation by NYAG is still standing, although Bitfinex has defended itself on several occasions.

According to the crypto exchange, the said fund was deposited to Crypto Capital, a Panamanian-Company. However, it was not the fault of the exchange that it was seized and safeguarded in several jurisdictions in UK, Portugal, the US, and Poland.

Bitfinex has also questioned the accusations meted against it by NYAG, stating that the presentation against the exchange is misleading. The legal battle is still ongoing and Bitfinex would hope to gain more grounds in the lawsuit following the loan repayment.

Bitfinex Finally Completes Loan Repayment To Sister Firm Tether

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Law Decoded: Police and thieves on their screens, Oct 2–9

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Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.

Editor’s note

Historians typically date the birth of international policing as we know it today to the 1800s, a response to the explosion in nationalist movements and non-governmental political radicalism in Europe. Just as new linking technologies like the telegraph and the steam engine aided and abetted new networks of political deplorables and any number of Sherlock Holmes plots, the explosion of communications tech of the last quarter-century has brought about new forms of crime. 

Which is, y’know, something everyone passively knows. In crypto, association with crime is a familiar reputational issue that is present but certainly not unique. New technology giveth and taketh away. Law enforcement’s interest in controlling new networks also grows. Paranational organizations like drug cartels and terrorist cells come to mind.

This week saw the U.S. Department of Justice press criminal charges against ISIS agents behind American deaths including James Foley’s, a move that expands their power to prosecute foreign agents as criminals under U.S. law. The FBI also busted up a home-grown far-right conspiracy to kidnap the governor of my home state of Michigan. In crypto, several jurisdictions have laid claim to new authority, with the DoJ in particular making a number of moves to expand its jurisdiction.

DoJ vs. everybody

The Justice Department’s new “Cryptocurrency Enforcement Framework” laid claim to a whole host of powers over crypto businesses that had previously been in limbo. Most notable is the generosity of what the DoJ is calling its own jurisdiction — basically anything that touches a U.S. server.

The new framework heralds a new era in the department’s crypto authority, but it’s just the clearest summary of a growing body of precedent that U.S. regulators from the SEC to the IRS have been building out for years.

The DoJ’s criminal charges against Seychelles-registered BitMEX’s leadership last week in some ways telegraphed their particular interest in combatting crime in crypto wherever in the world it may be. Most earlier involvement in crypto-linked prosecutions abroad had been focused on networks the DoJ saw as being primarily designed to finance terrorism or funnel money to sanctioned individuals. While the DoJ accused BitMEX of being a means for such action, the allegations against the leadership are not really accusing them of ideological or political illegality, but rather old-fashioned greed.

Distressing for the crypto community is, as always, the association with criminal activity. The DoJ’s report pays lip service to blockchain technology’s ability to revolutionize payments, finance, international trade, shipping, trust, consensus et al — I assume that this readership is familiar with the myriad use cases — but the report pivots compulsively to crime. From the DoJ’s side of things, that is their trade, so it makes sense, but it also adds to the unfair stigma against a technology.

Another cause for concern is that tech-savvy people in the U.S. can get around the barriers by really any crypto company, given enough time and potential profit. So as with the general trends of the last year, U.S. authorities really do seem to be building out the legal framework to give themselves jurisdiction over crypto basically anywhere. World Police indeed.

UK shuts door on whole genre of crypto investment

The United Kingdom’s Financial Conduct Authority nixed trading of crypto-based derivatives — including futures, options and swaps — for all retail investors starting in January.

While the FCA may not be as globally hawkish on crypto as its U.S. analogues, London remains Europe’s financial center. Much like Brexit itself, the predicted exodus from London has seen delays that seem to mock all bold predictions.

With its focus on retail investors, however, the FCA has obviously designed its new ban to be more of a protective maneuver for regular Britons rather than a handicap on the reigning heavyweight champs of the London Stock Exchange.

Nonetheless, as the UK’s position within both Europe and the global economy is vulnerable, implementing a stringent ban on a new asset class seems like yet another way of recusing itself from the financial future. As mentioned earlier, determined UK crypto investors will almost certainly be able to get around the new ban to access offshore exchanges with less legal accountability to the UK and more extravagant and risky leveraged offerings. 

But maybe a somewhat built-in assumption is that, while the technological implementation of any ban is going to be slow and imperfect, a retail investor capable of working around it is not exactly the person the FCA is most worried about protecting.

DoJ vs. the elusive Mr. McAfee

After decades of intercontinental outrageousness, John McAfee was arrested in Spain for tax evasion. He also faces a suit from the SEC for fraudulent ICO promotion.

McAfee first found success in the 80s at the head of the firm that produces the antivirus software that still bears his name. He left the company in the 90s and has been bouncing around the world more or less ever since, racking up guns, substance addictions, and allegations of sexual assault and murder. Also not paying his taxes, allegedly. He was posted up in Cuba out of the reach of U.S. authorities for a while.

Despite his early successes in technology, McAfee has for decades built a personal brand on foundations of infamy. The SEC’s allegations suggest that he managed to translate that megaphone into millions of dollars by plugging into the curious hypedraulic mechanics of the ICO boom. Earlier this year, he tried to launch a privacy token that he admitted was largely taken from another project. McAfee is hardly what you would call a builder. While everyone is innocent until proven guilty, McAfee’s absence from the crypto scene would be a blessing for the industry’s reputation.

Further reads

The Bank for International Settlements put out a new and extensive report on Central Bank Digital Currencies and the associated risks and prospects.

Tax attorney Jason Freeman runs down the latest memorandum from the IRS on how to get your taxes on virtual assets in order.

Writing for the Electronic Frontier Foundation, Rainey Reitman talks problems with the extradition hearings for Wikileaks founder Julian Assange.

Law Decoded: Police and thieves on their screens, Oct 2–9

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