Defining Bitcoin Mining Bitcoin mining is the process in which new Bitcoins are created by solving complex puzzles. For solving puzzles, a computing system with a specialized chip is required. Many miners are competing to solve the puzzle. The Miner who solves the puzzle first is rewarded with new Bitcoin tokens. During mining, the transactions […]
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Category: Cryptocurrency
DeFi Altcoin Predicted For a 10X Rally
Crypto analyst under the alias name Credible Crypto believes that there is one decentralized finance (DeFi) altcoin that could see a 10x rally in its prices. The analyst informed his Twitter followers, that the short-term price action of the Curve Dao token (CRV) doesn’t worry him. CRV is a governance token of Stablecoin-focused decentralized exchange […]
Does Volatility Make Crypto an Unreliabl...
The Volatility of Crypto Market The Crypto market can be characterized in many ways. It can be considered engaging, dynamic, innovative, and can be regarded as volatile. In the past decade, the crypto market has seen many ups and downs. The uncertain price swings have always kept the investors on their toes, as no one […]
Long and Short Trade Positions
Long and Short trade is related to buying and selling of cryptocurrencies based on the market price movement. In long trade cryptocurrencies are bought at a price, hoping that prices would increase in the future. The traders would sell the cryptocurrency at increased prices and make a quick profit. In short trade the cryptocurrency is […]
According to Analyst PlanB, Manipulation...
Quantitative analyst PlanB is talking about one of the properties of Bitcoin (BTC) that makes it harder to manipulate than gold. In a recent interview, the trader under the alias PlanB revealed that the intrinsic properties of Gold make it harder to be collected. He further added that every year insurance and vault cost run […]
Well Known Candlestick Patterns
Candlestick charts are used to depict the price fluctuations of an asset for a specific time interval. They provide investors with complete insight into price movement in the market. The price change of an asset is depicted through different colors on the candlestick charts. Green depicts a rise in prices, whereas red depicts a fall […]