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Author Topic: SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger  (Read 88 times)
SIGEN
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April 01, 2018, 08:52:15 PM
 #21

Trust your money to no one
 
Beginning traders often get hooked by "experienced investors" who offer their services regarding some "profitable" investment, promising only profits and no losses. But most of the time, such proposals are cover for amateurs seeking to make money at someone else's expense.
 
Trusting such people puts you at risk of going bust, while your "benefactor" won't lose anything at all. After all, if the deal ends up being profitable, he gets a percentage for his services, well. If the investment tanks, only you lose since he isn't investing his own money, only yours.
 
Do your own research
 
Since the cryptocurrency market is virtually unpredictable, even a truly experienced trader with solid capital can't say with 100% certainty how a particular coin will behave in the near future. Honest people simply won't promise you anything. Mountains of gold "no matter what" are usually promised by scammers who have no qualms about profiting from your naivete and trust.
 
To stay in the black, study the market yourself and learn to do analysis. Do not succumb to the desire to make money quickly with someone else's help. Be wise: don't trust your assets to outsiders; manage your own funds.
 
May good profits come your way!
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April 02, 2018, 09:02:34 PM
 #22

What's a trend line?
 
When trading cryptocurrencies, everyone would like to know where the price is going—up or down. A trend line is an analytical tool that can help with this. It is a simple tool for trading analytics that is available to everyone.
 
How to build a trend line
 
A trend line is built by two low points or two high points, and a third point, which serves to confirm the trend line. You don't have to limit yourself to just 3 points: the more points you use, the more obvious the trend and the more reliable the forecast.
 
The points used to build a trend line should not be too close together temporally. Such a forecast wouldn't not be reliable.
 
When building a trend line, you also need to consider its angle. When the angle changes, it means that the asset's price is also changing. The steeper the angle, the faster the change in price.
 
Downtrends and uptrends
 
During a downtrend, the trend line is built above the chart, while the line for an uptrend is built below the chart.
 
During a rising ("bullish") trend, each new price peak is higher than the previous one.  With a ("bearish") downtrend, each next price point is lower than the previous one.
 
Support and resistance lines
 
The line that passes through the lows is called the support line. As soon as the price reaches the low point, it bounces back, trying to climb upward again.
 
The line connecting the price highs is the resistance line. The price is not expected to rise above this line.
 
If the trend breaks through the support line, you should expect the asset's value to collapse. If it breaks through the resistance line, you should expect a strong increase in price.
 
If the price remains at about the same level, we say there is a flat or sideways trend. Experienced traders have learned how to take advantage of this type of trend. Using insignificant exchange rate fluctuations, they can anticipate when the stability will end and whether the price will up or down.
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April 03, 2018, 09:00:32 PM
 #23

Investors need to be calm and collected
 
Cryptocurrency traders fail when they succumb to their fears and begin to panic. Fear and panic are dangerous allies. They can wipe out all previous efforts and achievements.
 
A drop in the exchange rate is no reason to panic
 
A typical mistake made by inexperienced traders is to panic when the cryptocurrency exchange rate starts to decline. The fear of a loss pushes them to sell assets for less than their purchase price, thus sending them into negative. However, exchange rate fluctuations are a normal phenomenon for the cryptocurrency market. We have already repeatedly observed very sharp and prolonged slumps, followed by the subsequent recovery of not only bitcoin, but also virtually all leading altcoins.
 
Stay calm regardless of the situation
 
If a coin's exchange rate begins to slide, remain calm and coolly analyze the situation. As a rule, a rise generally begins after each fall, so don't rush to sell. Even when exchange rates are falling across the board, there is no need to panic. If you rush, you will probably make mistakes, so don't rush. Common sense will help you to build the right strategy and avoid or minimize losses. Just look at the annual cryptocurrency charts and you'll see that all the leading coins are appreciating in value from year to year.
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April 04, 2018, 09:55:56 PM
 #24

Pumping: what it is and what to do
 
The unregulated nature of the cryptocurrency market allows crypto traders to engage in so-called "pump and dump" schemes, i.e. buying up and selling off cryptocurrencies on a large-scale.
 
What does "pump and dump" mean in simple terms?
 
A pump (pumping) looks like a sharp increase in a cryptocurrency's exchange rate. At some point, after the coin has reached a very high price relative to the beginning of the pump, the price of the coin falls sharply. This is called dumping, or a dump.
 
A pump and dump can be orchestrated by even one user on a single exchange if he or she has enough money to start mass buying followed by a massive sell-off.
 
But, of course, truly large-scale pumps are organized by groups of traders who coordinate their actions in advance and start manipulating the market at a specific time. The current "gathering place" for pumpers is social networks, where they special groups that coordinate their actions before and during a pumping / dumping operation.
 
Pumping is planned in advance and follows as scheme like this:
 
●      "Positive" news, whether fabricated or overblown, is published on informational websites;
 
●      Everything possible is done to bolster potential investors' interest in the breaking news;
 
●      More and more inexperienced traders are brought in;
 
●      The novices' hopes of price growth are stoked.
 
How to recognize pumping
 
The start of pumping can be easily seen on a particular cryptocurrency exchange based on users' activity in the local chatroom. Experienced traders start telling unbelievable stories about how the coin rate is growing and is about to start growing even faster, and that you need to buy it as soon as possible.
 
Before the pump, traders push cryptocurrency price so high that inexperienced players do not believe it might fall, so they continue to buy as the exchange rate rises. At some point, the pumpers stop buying, but inexperienced traders continue. Then the pumpers sell everything at a high price, and the exchange rate goes down. Then, inexperienced traders panic and sell what they bought.  Thus, pumping "victims" buy high and sell low. Meanwhile, the pumpers make a profit.
 
Follow the rules!
 
Inexperienced trader don't have to lose money during pumping if they follow a few rules.
 
●      Don't buy coins if the rate has instantly increased by more than 20%.
 
●      Don't sell coins after there has been a brief price surge followed by a decline or contraction, since it will likely be followed by growth.
 
●      Don't believe sensational news, especially if traders are spreading it in chatrooms.
 
●      And, of course, don't use all your savings to buy coins when the price rises.
 
In any case, whether or not pumping is happening, cryptocurrency trading requires caution, experience, and common sense. So consider each step carefully. We wish you successful trades and profitable investments!
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April 05, 2018, 09:31:45 PM
 #25

What is cryptocurrency fundamental analysis?

Fundamental analysis is based on the fact that any cryptocurrency tends to its real price. The task of fundamental analysis is to determine that price.

Fundamental analysis of the traditional financial market relies on corporate financial statements. There is little information about the cryptocurrency market, but there are other tools that will help traders estimate a cryptocurrency's potential.

What is cryptocurrency fundamental analysis based on?

Every cryptocurrency has a document called a white paper. It is created by the cryptocurrency's developers. The document sets forth the idea behind the cryptocurrency and the mechanism for its implementation.

You use the white paper to evaluate the team's professionalism, mining parameters, and issue size (number of coins). GitHub developers have a website, where you can see a project's current stage of development and what its developers are offering that is new. Developers's activity and their ability to communicate online with users can say a lot about a coin's potential.

Pay attention is to a cryptocurrency's unique characteristics, i.e. what makes it different from existing cryptocurrencies, the reliability of its technology, its capitalization, initial investments, and how profits are distributed.

These indicators are used to estimate the cryptocurrency's long-term potential. That's why we recommend that you carefully read a cryptocurrency's white paper before investing in it. 
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April 12, 2018, 08:55:11 PM
 #26

What is cryptocurrency technical analysis?
 
Technical analysis can tell you the best time to enter a cryptocurrency, when to invest, and when to wait. To perform technical analysis, you need to learn something that scares beginning investors: tables and charts.
 
There's actually nothing frightening in the tables, charts and figures offered by cryptocurrency exchanges. Anyone who has decided to trade cryptocurrency and invest can understand them.
 
What is cryptocurrency technical analysis based on?
 
You analyze the trading volumes and price dynamics of the asset, in this case, a cryptocurrency. Technical analysis relies on the idea that events repeat themselves. History has a way of repeating itself. That's why an analysis of traders' reactions to any previous event lets us say that in most cases when an event repeats itself, the reaction will be similar.
 
Technical analysis requires that you have a good knowledge of past and present events, and that you account for forecasts. All of this can influence an asset's price.  You must also closely monitor indicators of supply and demand.
 
Technical analysis makes it possible to predict the dynamics of coins that have been traded on the market for a long time. But it should be used with caution on a new cryptocurrency. It is better to use fundamentals to analyze new cryptocurrencies.
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April 13, 2018, 10:36:22 PM
 #27

The dollar is used for illicit trade far more often than cryptocurrencies
 
Governments and central banks of many countries have repeatedly accused bitcoin and other cryptocurrencies of complicity in illicit trade and money laundering. They say that bitcoin is used to finance terrorists, sell weapons and drugs, etc.
 
We disagree with this view. To justify our position, we would like to cite the recent statement by the US Treasury Department, which personally refuted this torrent of negativity. The agency's representatives directly stated that fiat money, especially the dollar, is used for criminal purposes far more than bitcoin.
 
Criminals prefer fiat money
 
So, no matter what people say, officials indicate that criminals prefer dollars. Moreover, most trade happens through banks and various payment services that position themselves as law-abiding businesses.
 
According to the UN, illicit trade brings criminals an annual income of about $2 trillion. By comparison, cryptocurrency-based revenues from such activities are a drop in the bucket.
 
This statement by the US Treasury is an excellent response to all cryptocurrency detractors, who occasionally call for banning bitcoin because it is frequently used by criminals for illicit trade. Logically, the dollar should also be banned, since it is used for these purposes much more often. But nobody is demanding this.
 
This statement can also be regarded as a positive signal for cryptocurrencies' further development and legalization.
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April 14, 2018, 08:58:16 PM
 #28

Don't trust bots when trading on a cryptocurrency exchange
 
You've probably heard of trading bots. These are special programs that trade autonomously on stock exchanges: They buy, sell, and make money. That seems like an excellent way to make trading easier. But things are not so simple, and many traders have come to regret their trust in them.
 
Trusting bots is very risky. Why?
 
●      Working properly with bots requires that you thoroughly study them and understand how they will behave in the market. A bot is just a program does not always make the best decision in critical situations, something a trader could do. There are plenty of examples where bots have started trading at a loss and created a financial disaster.
 
●      Free bots are infected with computer viruses that compromise traders' computers and steal money from their accounts. This happens quite often. It's best to avoid jeopardizing your computer, let alone your savings.
 
●      Paid bots also cannot be called 100% reliable. There are many instances where they've simply "frozen", causing traders to lose large amounts or even bankrupting them. In a word, a machine is a machine. There are no guarantees it won't breakdown.
 
Is it worth it to trust your money to bots when their reliability is so questionable? Hardly. Of course, those who have had success using bots may object to our arguments. But we still recommend that you be more careful and don't risk all your savings.
 
Good luck with successful trades and great profits!
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April 15, 2018, 09:08:25 PM
 #29

Analyzing trend lines:
entering and exiting the cryptocurrency market

 
When to enter and exit the cryptocurrency market is essentially equivalent to when you should buy and sell coins. There are several ways to analyze trend lines to determine the best time to enter/exit:
 
●      Using a third point. A trend line is defined by two price extremes (lows/highs), which are confirmed by a third point. The third point tells you the best time to buy or sell cryptocurrency. Accordingly, a third point with an uptrend is a signal to buy. A third point with a downtrend is a signal to sell.
 
●      Using the resistance line. You should enter the market when the price breaks, i.e. exceeds the resistance level and begins to increase. But you need to closely monitor the correction. Watch for price changes in short periods, while the overall price is growing rapidly.
 
●      Using the support line If the market is clearly falling and breaking through the support line, you should sell assets given the slightest break above this line. Once again, this point was noted in previous stages of the downtrend.
 
●     Using the countertrend line You can profitably enter or exit a position by playing on the so-called countertrend. For example, a rising countertrend may occur just behind the trend line. In this case, the resistance line turns into a support line. Experienced traders often buy if prices touch this line. With the opposite movement, you can profitably exit the market when the countertrend breaks the support line, turning it into a resistance line. But you always need to watch the correction.
 
●      Using the sideways trend line When there is no price movement up or down, or when movement is weak, investors can profit from a sideways trend through short-term and medium-term trading. To do this, we use a horizontal line to split the area where the sideways trend has been observed: a price above this line is a signal to buy; a price below this level is a signal to sell.
 
We hope these recommendations will help you trade successfully on the cryptocurrency exchange. May you always find profits!
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April 16, 2018, 09:08:49 PM
 #30

Bulls Pushing Up: What is the Bull Trend in the Cryptocurrency Market
 
The cryptocurrency market is governed by two types of traders — the bulls and the bears. Today, we're going to review what the bulls do.
 
Why the Bull?
 
As traders themselves say, if the bull attacks it's always from the bottom upwards, by thrusting the opponent with its horns and tossing them up. In other words, a bull trend is an increase in the price of cryptocurrencies when the market is kind of pushing the price from the bottom point upwards.
 
It's easy to see that a bull trend is developing — it's sufficient to have a look at the cryptocurrency price diagram. An upward trend is a sequence of price values, with each subsequent value higher than the previous one. If the price goes up and immediately back down again — this is no trend, it's a short-term price increase. When, however, the price moves from one maximum value to another, i. e. when the overall price grows fast with slight downward fluctuations, this is the upward — bull — trend.
 
What shall I do?
 
A trader must be able to see when the market enters the bull trend rather than simply being adjusted. Many traders think that the start of a sustainable bull trend is the best time to enter the market since the stock price is constantly rising.
 
Most traders prefer the bull trend as its makes earning a profit easier and faster. When the stock price has been rising for a long period of time, the bulls are said to govern the market.
 
One should remember, however, that a trend must persist for at least several days rather than hours. If a trader prematurely views a short-term market move as a long-term trend, they might sustain losses. It bears a special importance on the cryptocurrency market, with expensive cryptocurrencies such as Bitcoin or Litecoin in particular, since the price behavior may change at rapid-fire pace, within a few hours, while losses may be huge. However, if a trader is right about picking up on a bull trend, their profits are going to be high.
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April 17, 2018, 08:54:07 PM
 #31

Bears pushing down: what is the bear trend in the cryptocurrency market?

Last time, we told you about the bulls in the cryptocurrency market. Today, we are going to talk what the bears do.

The bears attack from above

Many traders believe that the bears attack their prey swiping its paws downward. Therefore, when the price of the cryptocurrency is falling, and each subsequent value is lower than the previous one, and it is called bear trend. In such situation, people say bears dominate the market and sell their assets.

Among them, there are many bears who know how to earn on the falling price. However, many participants of the market wait for the approximation to the lowest point of the trend and the further growth. It’s considered a good moment for the entry on the market. Therefore, many people believe that the start of the bear trend is a good time for selling, and the end of the bear trend is a good moment for the purchases.

How to recognize the bears

The trader should determine the start of a bear market as soon as possible. For that, it’s necessary to see the cryptocurrency price diagram or draw it on your own  using two or three points of the cryptocurrency price. One can easily see the downward trend.

It is just the same as with the bull trend. There’s no need to hurry up and take hasty decisions. If the price is moving down it doesn’t mean the bear trend. It can be just a correction at the market. Wait for several days, then you will be able to determine the presence of the sustainable trend. For the cryptocurrencies market, it’s extremely important as the price fluctuations can occur very quickly, just in several hours.
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April 18, 2018, 08:58:02 PM
 #32

SHA-256 Cryptographic hashing principle

A cryptographic hash code is a digital inscription for some kind of data. Algorithm, called SHA-256, allows to generate a unique signature of 256 bits. This is one of the most popular crypto algorithms, which is used in many cryptocurrencies, including Bitcoin. There is a bit more detailed information next, but without complex technical specifics. 

What is SHA-256

The SHA-256 algorithm is developed by the U.S. National Security Agency. It is intended to form fixed-length values from a random data set. These values will serve as the data identifier. 

In simple terms, the work of the algorithm looks like this: we add all our data to a text file and send it for processing to the algorithm which allows all data to go through hash functions. At the end of the process, we receive a cryptographic message that may appear as follows: ts9fa21bkfb0k21fs00s.

The combination is irreversible, i.e., it cannot be decrypted back, as it is done with regular combinations. That is why it is impossible to decrypt data, encrypted algorithmically, among other things, through SHA-256.

The scope of application of SHA-256

For example, Bitcoin itself is based on the SHA-256 algorithm, as well as its forks - Bitcoin Cash, in particular. Cryptocurrency mining is carried out on SHA-256 and represents, in fact, the nonstop number sorting to search for the correct hash amount value. Therefore, the greater your computing power, the faster the sorting and the faster the correct value can be received, a block created and the coin mined.

However, we encounter the algorithm much oftener, even though we don’t engage in cryptocurrencies. Because an SSL certificate, by which every website is protected, includes the SHA-256 algorithm for establishing and authenticating a secure site’s connection.
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April 19, 2018, 08:19:06 PM
 #33

Bitcoin isn’t a bubble but the needle to pop the bubble

Cryptocurrency opponents very often call Bitcoin a “bubble”. They say allegedly its price is artificially high and someday it will burst. However, competent experts think otherwise.

Bitcoin isn’t a bubble

Bitcoin Foundation’s co-founder and CEO, Jon Matonis, stated that the fears related to the cryptocurrency ”bubble” are baseless. In fact, the bubbles can always be found on stock exchanges, and such artificial bubbles are constantly being inflated by central banks.     

“Bitcoin is indeed the needle that is going to pop the bubble. A bubble is the insane stock markets and equity markets that are backed by central banks. Those are the bubbles” - said Matonis, bearing in mind that cryptocurrencies penetrate economy increasingly more and sooner or later will put an end to the bubbles triggered by central banks.

A bubble isn’t that bad

Besides this version, there is another one, which is widespread lately. Its supporters say that Bitcoin is really a bubble, though there is nothing wrong with that. This very bubble was once the railroad boom in the United States of America in the 19th century, which ended but left behind a well-developed railway network.

dot.com was the same bubble at the dawn of the Internet age in 90s. The companies that were presented then on the Internet market disappeared, but the Internet itself survived and is still quite successful. 

Now, we can see that Bitcoin price is falling, but the number of companies associated with Bitcoin and other cryptocurrencies is increasing indeed. There are increasingly more hypotheses about what Bitcoin is. However, the very fact of its constant discussion proves that Bitcoin became a real factor of economy and finances.
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Today at 08:31:58 PM
 #34

A crypto investor’s rule: never put all eggs in one basket
 
One of the key rules of investing in the cryptocurrencies and trading on the crypto market is assets diversification. In other words, buying of different coins. In a recent publication we have written about it, and today we would like to proceed with the subject.
 
Selecting the coin
 
Until recently, beginning investors didn’t have difficulties with the main coin choice - it was Bitcoin. But now, even after a chain of price falls, Bitcoin remains a very expensive coin, which imposes restrictions on its buying.
 
So, striving for gradual increasing of investments in the cryptocurrencies, investors for starters choose lighter coins. For example, Litecoin, which many prefer as the main investment asset.
 
However, when the point is buying the rest coins - the choice is complicated, since there are over 1,000 cryptocurrencies on the market nowadays. Meanwhile, experienced investors don’t recommend acquiring relatively unknown coins massively, even though they look very perspective. They recommend starting from the first twenty of well known altcoins of different price and focus.   

In this case, it is still advised buying 1-2 little known coins, because under the appropriate development many of them have great growth potential and may bring profit amounting to thousands of percents at any moment.
 
Portfolio
 
It is necessary to be aware that it is impossible to reach large diversification on the crypto market, since it is different in synchronicity - it often happens that most coins either grow or fall in price simultaneously. 
 
Nevertheless, cryptocurrencies don’t change price in quite the same manner - some more similarly, others less; and some coins stay more stable than the market as a whole. There are coins, though, often unpopular, which can appreciate when all other coins are getting cheap.

Moreover,  quite regularly, separate coins begin to grow in price faster than the market, which allows to quickly transfer money exactly into one of that coins. Or, vise versa, some coin may fall faster than the market in general, thus investors manage to transfer their funds into more stable coins. It is necessary to observe the coin dynamics and create your own investment portfolio.
 
According to one of the most popular diversification scheme, the larger part of the portfolio funds must be invested in the main coin and 10-50% of the rest funds - in additional coins. However, we think that each investor should create their own investment portfolio, allotting cryptocurrencies the way that it is more profitable and convenient for them.
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