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Saturday, April 7, 2018

8 must read tips for trading Bitcoin and Altcoins

YUVAL GOV 

Safety rules were written with blood. That statement sounds familiar to every soldier around. Although we are not dealing with a risk to human lives, losing your expensive Bitcoins by making mistakes trading is definitely not a fun situation.
So, how we can avoid those mistakes in our trading? How to be mostly on the green side? First, it is important to note that to trade right requires attention and your one hundred percent focus. Secondly, trading is not for everyone. The following tips are easy to internalize because these tips were “written in blood” (my own blood). However, it’s still difficult to apply them in real-time. After all, we are not rational human beings.
  1. Have a reason before entering each trade: Start a trade only when you know why you’re starting and have a clear strategy for afterwards.
    Not all traders make gains from trading, since this is a zero-sum game (for everyone who benefits someone else loses on the other side).The Altcoins market is driven by large whales (yes, the same ones responsible for placing huge blocks of hundreds of Bitcoins on the order book). The whales are just waiting patiently for innocent little fish like us to make mistakes. Even if you aspire to trade on a daily basis, sometimes it is better not to earn and do nothing, instead of jumping into the rushing water and exposing your coins to losses. From my experience, there are days where you only keep your profits by not trading at all.
  2. Target and stop when starting a trade: For each trade we must set a clear target level for taking profit and more importantly, a stop-loss level for cutting losses. A Stop-loss is setting the level of loss where the trade will get closed.
Here again, it is important considering a number of factors when choosing a stop loss level correctly. Most traders fail when they fall in love with a trade or the coin itself. They may say, “Here it will turn around, and I will get out of this trade with a minimum loss, I’m sure”. They’re letting their ego take control of them and unlike the traditional stock exchange where extreme daily movements are considered 2-3% in value, Crypto trades are a lot more riskier: in my life as a trader I’ve seen a coin dumping by 80% just in a few hours! And nobody wants to be the one who is left holding it.
  1. Meet FOMO (fear of missing out): Indeed, it really isn’t fun to see such situations from the outside – when a certain coin is being pumped up like crazy with huge two-digit gains in minutes.
That bold green candle yells at you “you are the only one not holding me”. At exactly this point you will notice lame people flooding the Crypto forums and the exchanges’ Troll boxes to talk about this pump. But what do we do now? Very simple, Keep moving forward. True, it’s possible that many may have caught the rise ahead of us and it can continue raising, but bare in mind that the whales (as mentioned above) are just waiting for small buyers on the way up to sell them the coins they bought in cheaper prices. Prices are now high and it’s clear that the current coin holders only consist of those little fish. Needless to say, the next step is usually the bright red candle which sells through the whole order book.
  1. Risk Management: little pig eats a lot, big pig gets eaten. This statement tells the story of the market profits from our perspective. To be a profitable trader, you never look for the peak of the movement. You look for the small profits that will accumulate into a big one.
Manage risk wisely across your portfolio. For example, you should never invest more than small percentage of your portfolio in a non-liquid market (very high risk). To those trades we will assign greater tolerance – the stop and target levels will be chosen far from the buying level.
  1. The underlying asset creates volatile market conditions: Most Altcoins are traded according to the Bitcoin value.
Bitcoin is a volatile asset (relative to FIAT) and this fact should be taken into consideration, especially in the days when the Bitcoin value is moving sharply. Bitcoin and Altcoins have an inverse relationship in their value, i.e. when the value of Bitcoin rises then Altcoins are losing their Bitcoin value, and vice versa. When Bitcoin is volatile, our conditions for trading are kind of foggy. During fog we can’t see much ahead, so it is better to have close targets for our trades or not to trade at all.
Foggy Market
Foggy Market
  1. Tips for trading Altcoins: Most Altcoins lose their value over time. They simply bleed their value away slowly (sometimes rapidly).
Take this into account when holding Alts for the medium and long term, and of course choose them carefully. What kind of Alts are recommended for the long term? Remember, this is only when there is a reason for making a trade. The projects/coins that have a higher daily trading volume and which have a widespread community behind them, with continuous development, are here to stay with us:
Ethereum ETH, Monero XMR, Factom FCT, DASH, are all leading coins and traded the most volume daily. You should follow the coin’s chart and identify low and stable periods. Such periods are likely to be a consolidation period by the whales, and when the right time comes, accompanied by a good press release of the project, the pump will start and they will sell in profit.
  1. A word about public ICOs (crowd-sales): Many new projects choose to make a crowd-sale where they offer investors an early opportunity to buy a share of the project (tokens or coins) in what is meant to be a good price for the tokens.
The motivation for the investors is that the token will be traded from day one on the exchanges and would yield a nice profit to the ICO participants. In recent years, there have been many successful ICOs, both the project itself and especially in measuring the yield for investors. Coins doubled, or tripled, their value and much more in relation to their value on the crowd sale. Augur’s preliminary crowd-sale (we reported on it previously here) yielded investors a phenomenal 1,000% for their investment. Okay, but what’s the catch here? Not all the projects benefit their investors. Many ICOs proved to be complete scams, not only were they not being traded at all but some projects disappeared with the money and we have not heard from them right up to this day.
So how do you know if you should invest in an ICO? It’s not about science, it is important to pay attention to the level of seriousness of the project and its team. Look for the project’s website (does it look like a child has built it during computer school?), Who is the team behind the project – Are they hiding behind nicknames or proudly present themselves on their website? Pay attention to the Bitcointalk thread (does it exist at all?) and how the team members respond to technical questions. Is there a large community behind the project? Expect to see a Slack gathering its community. Watch out the amount raised: A project which had raised too little will probably will not be able to develop over time, a project which had raised huge amount – there won’t be enough investors left out there to buy coins on exchanges. And most importantly is risk management. Never put all eggs in one basket and invest too much of your portfolio in one ICO.
  1. A final tip – practical steps to implement right away:
  • Fees, fees, fees: Multiple trade actions = More fees. It’s always advisable to post the command (maker) and not to buy from the order book (taker). In Poloniex exchange, the difference is 0.1% in favor of the maker. That’s quite a bit.
  • Traders with no pressure: Don’t start trading unless you have the optimal conditions to make the decision to start a trade and know when and how to get out of it. Pressure almost always creates losing trades. Wait for the next opportunity, you will get there.
  • Setting goals and placing sell orders: always set your goals by putting sell orders. You don’t know when a whale will pump your coin up to catch your command (and pay a reduced fee on the “maker” side, remember?).
augur_selloff
Augur Sell-off. Losing 75% in one second and back up
A successful strategy regarding this is placing very low buy orders. About a week ago a crazy dump occurred, selling off Augor coin down to 25% of its value! After a short while the market recovered slightly and anyone who had low buy these low orders could easily double or triple their investment. Placing buy orders requires special care, don’t wake up when you’re far away from the market to find your buy order is suddenly higher than the current market price!
  • Buy the rumor, sell the news. When major news sites publish articles it is usually exactly the right time to actually get out of the trade.
  • You have made a good trade, but as always, the moment you sold your coin runs up again! First, meet this guy – Murphy’s Law. Secondly, read over what was written previously here and never enter position again under pressure. As long as there is profit – you are ok. Go on to your next trade and don’t find yourself losing it.
  • Leave your ego aside. The goal here is not to be right on your trades, but to make a profit. Do not waste resources (time and money) to try to prove that you should’ve been entering that trade. Remember, there is no trader who never loses, at least sometimes. The equation is simple – get the total profits to be higher than the total losses.
  • What is short? long? how to leverage your trades? Follow here 
  • crypto margin trading for beginners

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Monday, April 2, 2018

VIDEO: Poetic prayer makes Erdoğan couple shed tears in Albania

TIRANA

VIDEO: Poetic prayer makes Erdoğan couple shed tears in Albania
DHA Photo
Turkish President Recep Tayyip Erdoğan and his wife Emine Erdoğan shed tears on May 13 while a student recited a patriotic, Islamic-toned poem that Erdoğan had recently read on television.

Erdoğan was in the Preza village near the Albanian capital Tirana to inaugurate a mosque during his official visit to the Balkan country. 

During the ceremony, which turned into a political rally with more than 8,000 attendees, a student of a Turkish religious vocational imam-hatip school recited “Dua” (Prayer), a poem by Turkish nationalist poet Arif Nihat Asya, who passed away in 1975. The Erdoğan couple could not stop their tears while the student read the poem.

Erdoğan himself had read the poem last month in a television commercial filmed to commemorate the 100th anniversary of the Turkish victory in the Gallipoli campaign during World War I. 

The choice of the poem and the way that it was repeatedly broadcast by many Turkish TV channels had stirred a political debate at the time, amid claims that the video amounted to “exploitation of history, religion and emotions,” as well as being a “personal advertisement” for Erdoğan.

Here is the English translation of Asya’s “Dua” (Prayer): 

“We all have hoarse voices... Do not leave 
our minarets with no call to prayer, my God!
Bring us those who make honey
Do not leave us with no hive, my God!
Minarets have no mahya [a string of lights set up between two minarets to flash a short text, often featuring moral or religious themes]
Do not take the Milky Way away from our skies, my God!
Do not leave this country, which was kneaded by Muslims,
with no Muslims, my God”
Give us strength... Do not leave the field of jihad
with no pahlevan [wrestler], My God!
Do not leave these masses, who look for a hero,
with no hero, My God!
Let us know how to resist the foe, 
do not leave us lifeless, my God!
On the path to tomorrows, do not leave
our years with no Ramadan [month], my God!
Disperse your herd, if left unattended,
Do not leave them with no shepherd, my God!
Do not leave us with no love, no water, no air
and with no country, my God!”

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Sunday, January 14, 2018

7 Secrets: Tips to Make a Perfect Cup of Coffee

Amanda Gutterman February 16, 2014

With many things in life, the fantasy is not quite the same as the reality. I’m talking about coffee of course. Though I have a more than fairly discriminating palate, in the morning before heading to work I only have time for the bare minimum. Really just bare. I have one of those electronic-drip Cuisinart machines, the advanced kind–thing basically has an LCD screen–pre-set to start brewing at 6 am. When I wake up at 6:30 or so, my morning perk is waiting. The whole process takes five minutes: three to load the pre-ground coffee and filter the night before, two to add enough almond milk and agave syrup to drown the less-than-ideal flavor in sweet nuttiness. Unromantically, my beans are often sourced from Dunkin’ Donuts.

Enough with the confessions. This may be what I drink in the morning, but I also know how the perfect cup of coffee should look, smell, and taste. The question is: how can I make one?

Enter the Chemex. The Chemex coffee maker is a wonky invention: a double-bodied glass sculpture with an hourglass curve cinched by a leather strap invented in 1941 by one Peter Schlumbohm. Considered one of the classic designs of the 20th century–perhaps you’ve seen it at the Museum of Modern Art?–the Chemex has not changed one bit in 73 years. Nor has the technique for using it. I am tempted to think that Mr. Schlumbohm had quite a bit of time on his hands as making a cup of coffee with a Chemex takes 20 minutes. Could it possibly be worth it? 

To find out, I decided to pack up and head to the 1940s in search of the perfect cup of coffee. Who knows? I may come back with non-elastic stockings and an unexplainable love of Mahjong. But if I manage to make a perfect cup, the rest is collateral:

Photographs by Nicole Franzen for Gardenista.

Step 1: Find the right beans. They mean the difference between diluted dishwatery yuck and a deeply concentrated aromatic blend, with that rich-great-coffee flavor (that am I crazy for saying is just the tiniest bit salty)?

I purchased my dream beans from Ninth Street Espresso and from Brooklyn Roasting Company, my top New York contenders–going local here–for top coffee beans of the year. The beans are fervently brown and buttery. When I run my fingers over them, I can feel some of the pungeant oils seep into the pores on my hands. 


Step 2: Procure a Chemex coffee maker. These come in a variety of sizes, designed for a single cup of coffee, a duet, a trio, or a family of five. Chemex coffee makers are expensive–the one I bought cost nearly $75 with tax and shipping–but deserve to be considered as a double investment, since they are also works of art, with long, curvy bodies. Hourglass figures. And believe me, making coffee in them can fell like it takes that long.

Step 3: Grind the beans by hand. (I used a Hario Skerton Grinder ($39.95 from Crate & Barrel). As a proud leftie, I needed a moment longer to configure the thing, but after I got grinding, it was easy.) You appreciate coffee for its own sake so much more when you do all the steps yourself. Grinding by hand, for instance, I found that there are more inconsistencies in the size of the coffee granules, and it is that human inconsistency that adds the magic, personal touch.


Step 4: Prepare the filter. Gently embed the circular filter into the rounded upper body of the Chemex, and heat a pot of water in a kettle on the stove. Pour a stream of boiling water onto the filter. It shouldn’t be so much water that it starts to percolate into the bottom lobe of the Chemex, just enough to make the paper stick to the grounds.


Step 5: Put one rounded tablespoon of coffee grounds per desired cup of coffee into the top of the Chemex. Don’t skimp on the 1:1 proportions here; you do not want watery coffee.

So now you throw a bunch of boiling water over the grounds? Think again. This is a gradual process.

Step 6: First and foremost, you need to “bloom” the grounds, extracting the best flavors from the coffee and getting the beans “acclimated to” the heat. Yes, it is like trying to bathe a small child. Pour enough water over the grounds (let’s say, at 200 degrees) to cover them by about a quarter inch. You will see the “blooming” in progress as the grounds start to bubble and fizz with surprising energy.


Step 7: Now you can be freer with your distribution of boiling water. Keep pouring until you fill the top lobe of the Chemex. It’s best to pour in a circular motion onto the sides so grounds are infused evenly and don’t stick to the sides. As coffee percolates into the bottom of the Chemex, you can pour in more water. Trick of the trade: if the coffee is percolating super slowly–trust me, it will–use a spoon to swirl the grounds. This motion will allow the filter more surface area for the grounds to pass through.


Voilí ! After all the water has passed into the bottom of the Chemex, toss the filter and drink the coffee. The liquid should still be hot and so thick and flavorful that it is almost entirely opaque when you hold it to the light. (You should be able to taste the subtle flavor of salt that I insist is present in the highest quality coffee.)


I can brew a cup of coffee with the hand grinder and the Chemex maker in about 20 minutes. Admittedly, this is far more time than I’d be able to allow myself on a weekday morning, but I find that the more that I use it, the faster it seems. And what better ritual than brewing a cup of fantasy coffee to set the stage for an extra magnificent kind of day?

This is me with my cup of coffee (and a knife collection somewhat ominously in the background). Here I am drinking it black; in the New Year I have decided to try to cut down on lactose and processed sugar, so I sometimes complete my coffee with unsweetened almond milk and a dash of agave syrup.

Was it my perfect cup? Oh yes. It may have taken me 20 minutes to make. But the results blow my Cuisinart drip out of the water (so to speak). Mahjong, anyone?


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Monday, November 20, 2017

What is a 'Cryptocurrency'

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Monday, October 16, 2017

$50,000+ Bitcoin Could Happen if This Isn’t a Bubble But an S-Curve

$50,000+ Bitcoin Could Happen if This Isn’t a Bubble But an S-Curve
Countless experts and pundits, including Chase CEO Jamie Dimon, have proclaimed that Bitcoin is in a massive bubble right now, and it certainly could be. Yet these “experts” fail to consider one possibility that some in the Bitcoin community are beginning to suspect: mass adoptionmay be imminent.

Permanently high plateau

First, let’s get something out of the way. Yes, with every bubble there are people who insist that it really isn’t a bubble. It’s “the new normal” or “a new paradigm.” Perhaps the most infamous such example is that of Yale economist Irving Fisher. At the height of the 1929 stock market bubble, just before the crash, a jubilant Fisher proclaimed:
“Stock prices have reached what looks like a permanently high plateau.”
He couldn’t have been more wrong.

Bubbles throughout history

History is replete with examples of financial bubbles that popped disastrously. Britain’s South Sea bubble came about in the early 1700s, when investors became convinced that the South Sea Company, which was given a monopoly on trade with South America, would produce enormous profits. Their hopes were dashed, and the entire economy shaken, when the bubble popped and the value of South Sea Company stock bottomed out.
The Mississippi bubble was caused when financier John Law convinced the French regent of a plan to pay off France’s massive debts. In 1716, Law’s Mississippi Company agreed to assume the entire French national debt in return for a complete monopoly on all trade and mineral wealth in France’s Louisiana territory.
Seeing no way to lose, and spurred to a frenzy by Law’s marketing, investors drove the price of Mississippi Company stock sky high. When Law realized the bubble had gotten out of hand, he tried to gradually deflate his stock price. Unfortunately, this resulted in a complete collapse of the company and wrecked the French economy.
Tulip mania is arguably the most famous bubble in history. In the 1630s, Dutch traders drove the price of tulip bulbs to absurd levels. As prices kept rising, retail investors got involved in futures trading, betting on the price continuing to rise. At the bubble’s peak, the price of a single tulip bulb was equal to the price of a riverfront home in Amsterdam.
Eventually the price stopped going up, people began to sell, and the price of tulip bulbs dropped to near zero. The panic was so severe that the Dutch government offered to buy underwater futures contracts for 10% of the contracts’ value, but continued price declines forced the government to withdraw its promise.

Recent bubbles

The two most famous bubbles of recent times are the dot-com bubble of the late-1990s/early-2000s and the housing bubble of the mid-2000s.
In the case of the dot-com bubble, people were so drawn to the potential of the Internet that they invested in any company with a “.com” in its name. Venture capital and over-subscribed IPOs loaded these companies with so much cash that they didn’t have to turn a profit right away.
Often with no business model at all, dot-com companies believed that if they attracted enough users, they would eventually find a way to profit. They were wrong, and the vast majority of them went bankrupt, tanking the value of the NASDAQ index.
The recent housing bubble was triggered by government policies and loose credit, enabling people to buy houses that were far beyond their financial means. Seeing the demand, banks created derivatives which gave investors more ways to get exposure to the growing housing sector. These derivatives added more fuel to the housing boom, as banks saw they could make outsized profits so long as the market continued to rise.
Lenders loosened credit restrictions even further, and anybody that said they wanted to buy a house was given a mortgage. Virtually no questions were asked and no documentation required. Such mortgages were labelled “NINJA” loans: no job, no income, no assets were required to borrow money.
Eventually buyers began defaulting on their mortgages en masse, causing a massive drop in housing prices and bringing about the Great Recession.

On S-Curves--why it really might be different this time

Diffusionofideas
The adoption of new technologies over the last century has resembled an S-Curve. As the technology is introduced, it takes time for people to learn about it and realize its potential. Once public awareness reaches a critical mass and the technology is perfected, adoption occurs extremely rapidly, resulting in exponential growth. Finally, once everybody has adopted the technology, the curve flattens out again.

Key questions and bubble follow-up

Below is a picture of the Bitcoin market since late 2013. See how even the “massive” bubble of November/December 2013 is dwarfed by the current one?
Bitcoin November/December 2013What happens if today’s Bitcoin bubble isn’t a bubble at all, in the traditional sense? What happens if we are actually on the cusp of that massive near-vertical adoption uptake? A look back at the dot-com bubble and the housing bubble might shed some light on current circumstances.
On March 2, 2015, the NASDAQ index hit an all-time high, surging above the 5,000 mark as it finally surpassed its peak price, reached at the top of the dot-com bubble. Today, the index stands at 6,449. It took 15 years, but the markets fully recovered, eventually reaching new highs.
Likewise the Case-Shiller index of housing prices is approaching its pre-bubble heights. The index stopped at 198 in 2006 and is now back to 194. As the economy continues to improve, it’s likely that home prices will continue to rise above their 2006 peak.

What’s the difference?

Why did the South Sea bubble, Mississippi bubble, and Dutch tulip mania all eventually go to zero, never to rise again? Why did Internet companies enjoy a new resurgence and eclipse past bubble levels? Why do housing prices seem to be following the same path?
More important, what does all this have to do with Bitcoin?
It’s simple. The bubbles of old were driven by hype, with nothing of value actually backing them. A tulip bulb has zero intrinsic value, and absolutely no potential to become something more. The South Sea company was backed by a worthless monopoly, since South America was under Spanish control. The Mississippi company never could exploit the wealth of the new world, because unlike Spanish territories, Louisiana had no gold or silver to export.
Internet companies like Amazon, Facebook, PayPal and the others are completely different. The Internet offers unmatched potential for growth, with world-changing consequences. Yes, things got overheated in the early 2000s, but prices recovered and the upward trajectory was renewed. Housing prices went out of control in the mid-2000s, but as the population grows, housing is always in demand. A house represents a real asset with real value that meets a real need.
Bitcoin represents a sea change in the way business is conducted on the Internet. It is the world’s first decentralized, non state controlled, truly global currency. Bitcoin is a promising monetary technology that seems more apt to follow the path of an S-Curve than that of a boom-and-bust.
Bitcoin could still be overpriced for this stage of its development. It could be in a bubble that deflates before rising again in a few years. But if Bitcoin is what I think it is, then at some point (maybe even now) we will rapidly shoot up that S-Curve to prices that are presently unimaginable.

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Sunday, October 15, 2017

Cryptogloassary

Because I see a lot of new altcoin enthusiasts joining the crypto world, I made a simple glossary with crypto jargon. Do you miss anything? Don’t hesitate to add it as a comment (I will edit the post).

Address – A bitcoin address is essentially the same thing as your home address. It’s the location from which you would receive, send or hold your currency. These addresses generally manifest in a long string of alphanumeric characters and will look something like:
1MhN5qfH1vgx9CLL17i3DK9D2gzrHR7dZF
A wallet address is the public portion of the two encrypted keys necessary for a holder to accept or verify a transaction.
Altcoin, the abbreviation for alternative coin, or alternate coin, or all blockchain projects and related currency that exist in addition to Bitcoin.
ASIC – Application Specific Integrated Circuit (ASIC)
An Application Specific Integrated Circuit (ASIC) is a computer chip created to perform one specific function, and only that function. Since mining of cryptocurrency data blocks can demand a lot of computer space and time, some miners set aside entire devices—or partition off a section of their computers—to do nothing but mining.
Bearish, a downward trend.
Bip – Bitcoin Improvement Proposals. A set of proposals that members of the bitcoin community have submitted to improve bitcoin. For example BIP0021 is a proposal to improve the bitcoin URI scheme.
Block is a part of the Blockchain and is usually associated with an encrypted hash with the previous block in the block.
Blockchain, very neatly explained by Nieuwsuur (or here), but in text: a decentralized database that maintains a data list that can not be manipulated.
BTC (฿). I do not intend to spell out all currencies, but Bitcoin is an exception.
Bullish, an upward trend.
Confirmations – Once a transaction is included in a block, it has “one confirmation”. As soon as another block is mined on the same blockchain, the transaction has two confirmations etc. Six or more confirmations is considered sufficient proof that a transaction cannot be reversed.
Core wallet, a wallet that contains the whole blockchain and most of the time delivers tools to give developers the ability to program in or on the blockchain.
Dapps aka applications written in the blockchain, which means it’s a decentralized application aka Dapp.
Difficulty – A network-wide setting that controls how much computation is required to find a proof-of-work.
Difficulty target – A difficulty at which all the computation in the network will find blocks approximately every 10 minutes.
Difficulty re-targeting – A network-wide re-calculation of the difficulty which occurs once every 2106 blocks and considers the hashing power of the previous 2106 blocks.
Electrum wallet, a light weight wallet to store coins. Doesn’t download the blockchain, but gets the information from a thirth party.
Encryption, data lock that can only be unlocked with a private key.
Exchange, sometimes called coinexchange, is the exchange office where buyers and sellers can trade in Bit and Altcoins. Examples are Litebit, BTCdirect, Kraken and Bittrex.
Fees – The sender of a transaction often includes a fee to the network for processing their requested transaction. Most transactions require a minimum fee of 0.5mBTC.
FOMO means Fear Of Missing Out. As the term suggests, the Bitcoin or an altcoin rises sharply in value and investors take steps without rationale – so emotion – because they are afraid to miss the boat.
FUD stands for Fear, Uncertainty & Doubt. In the world of crypto FUD means spreading fear, uncertainty or doubt about a certain blockchain project.
Genesis block – The first block in the blockchain, used to initialize the crypto-currency.
Hash, an encryption that can no longer be undone.
HODL, either hold, but then written wrong. Reportedly a Bitcointalk user wearing a drunk mood over his keyboard. HODL is currently jargon for long-term investor cryptocurrency trader. Nice acronym mentioned in the comments: Hold On Despite Loss.
ICO, Initial Coin Offering. A crowd sale that offers the opportunity to purchase digital coins from a new blockchain project.
Long – to be long on bitcoin (or any other coin); trading term that means buying, with the expectation to sell at a higher price in the future and realize a profit.
Miner, device validating the blockchain (transactions).
Mining reward, the reward that a miner receives for the computing power he delivers to check the nodes in the blockchain.
Mnemonic Phrase a fancy version of your private key, that is actually used to derive multiple private keys.
Network – A peer-to-peer network that propagates transactions and blocks to every bitcoin node on the network.
Public key, publicly accessible “key”, in crypto currency jargon your wallet.
Private key, the key to open your wallet.
Proof of Stake, verification of the blockchain is done by (wallet) adresses with a certain amount of coins. The more coins means the more authority and computing power for verifying the blockchain.
Proof of Work is roughly a method where blockchain(transactions) are verified with computing power.
Reward – An amount included in each new block as a reward by the network to the miner who found the proof-of-work solution. It is currently 25BTC per block.
Satoshi is the smallest part of a bitcoin. 1 Satoshi = 0.00000001 ฿.
Short – trading term; Shorting bitcoin means selling first (before buying), with the expectation to buy the stock back at a lower price and realize a profit.
Transaction – In simple terms, a transfer of bitcoins from one address to another. More precisely, a transaction is a signed data structure expressing a transfer of value. Transactions are transmitted over the bitcoin network, collected by miners and included into blocks, made permanent on the blockchain.
Wallet, a digital wallet on cryptocurrency. Examples are JaxxExodus and the Gulden Wallet.
51% Attack – When more than half of the computing power of a cryptocurrency network is controlled by a single entity or group, this entity or group may issue conflicting transactions to harm the network, should they have the malicious intent to do so.

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Top stocks, companies, and cryptocurrencies to invest in for the blockchain boom

How to Invest in Cryptocurrency

Blockchain technology has been heating up in the past several months, thanks in large part to the surge in Bitcoin's price since early May. The cryptocurrency skyrocketed from less than $1,000 in March to an all-time high of $4,440 on August 14.
Given this meteoric rise, it's no surprise that investors are clamoring to figure out how to break into the Bitcoin marketplace. But there are many other cryptocurrencies (such as Ethereum) and blockchain companies on the stock exchange where investors can funnel their money.
However, investing in a cryptocurrency is different than investing in a regular stock. When you invest in a company, you're buying shares of that company and essentially own an extremely small percentage of it. When you invest in Bitcoin or Ethereum, you receive digital tokens that serve different purposes. With Bitcoin, you get decentralized currency that also happens to be partially anonymous. With Ethereum, you get a piece of the power that runs decentralized apps and smart contracts.
Trading cryptocurrencies occurs on dedicated exchanges. Larger exchanges like GDAX, Kraken, Bitfinex, and Gemini typically offer solid volume to trade cryptocurrencies through bank transfers or credit cards. Coinbase is also an option that is growing in popularity thanks to its ease of use and a built-in wallet. But the trade off here is comparatively higher fees.
Poloniex is another exchange that offers more than 80 cryptocurrencies for trading, but the catch is you can only use Bitcoins or other cryptocurrencies to fund these trades.

Top Cryptocurrencies to Invest In

There are several paths one can take when deciding in which cryptocurrencies to invest, but a handful of these have risen to the top as the most popular options for investment: 
  1. Bitcoin: There's a reason you've heard the name Bitcoin all over the financial news space. The price of the cryptocurrency has increased nearly 8x in the last year as of the time of this writing. Moreover, the original design of Bitcoin ensured that there would never be more than 21 million in existence (and math indicates we'll never actually reach that number). This means Bitcoin is not subject to inflation.
  2. Ethereum: Arguably the second-most well-known cryptocurrency, the price of Ethereum has exploded more than 3000% in the last year. Even with that growth, the price remains at less than 1/10th of Bitcoin, so it could be a better value play for investors who don't have the resources to 
  3. Litecoin: Litecoin has risen more than 2000% in the last year. The peer-to-peer digital currency acts in a complementary way to Bitcoin, and its comparatively low price makes it a solid entry point for new crypto investors.
  4. Monero: Think of Monero as a second level of privacy and anonymity beyond what something like Bitcoin offers. The price exploded in 2016, and the market cap swelled from $5 million to $185 million thanks in large part to the cryptocurrency's adoption by the major darknet market AlphaBay. Law enforcement shut down AlphaBay in July 2017.
  5. Bitcoin Cash: In August 2017, the Bitcoin blockchain spun off a more nimble iteration called Bitcoin Cash. It's essentially identical to Bitcoin, but with the important distinction that it has more block size capacity. The price of the cryptocurrency has already doubled from $300 to more than $600 as of this writing. And if you owned Bitcoin before the split, then you received an equal amount of Bitcoin Cash. There are approximately 16.5 million units of each in existence, which makes Bitcoin Cash the third-most valuable cryptocurrency in the world with a market cap of more than $10 billion.
  6. Ripple: Ripple is a protocol that permits near instantaneous transaction settlements and reduces transaction fees to mere cents. Some VCs and even several major banks (such as Bank of America, UBS, and BBVA) have implemented Ripple into their systems. The key difference from Bitcoin, though, is that it is centralized and pre-mined.
  7. ZCash: ZCash operates in a manner similar to Monero. The price of the cryptocurrency surged in June 2017 to nearly $400, but has since leveled off to the sub-$300 range.
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How to Invest in Blockchain Technology

Blockchain technology powers Bitcoin and other cryptocurrencies, but there are many ways to invest in blockchain tech without pouring your money into these digital currencies. The first is to look into blockchain startups (we'll detail more in the next section).
The second option is crowdfunding platforms, as blockchain startups in their infancy will often look into crowdfunding to get off the ground. A platform called BnkToTheFuture allows investors to place their money into several Bitcoin and blockchain startups.
Another possibility is to invest in the initial coin offerings, or ICOs, of new blockchain projects. Blockchain companies issue cryptocurrencies or other tokens through ICOs in order to raise capital. There is a bit more risk in this route, as this new form of crowdfunding is still rather unregulated, but the returns reported thus far have been stellar.

Top Blockchain Stocks & Companies to Invest In

The following six blockchain stocks and companies have become popular investment choices:
  1. BTCS: With a market cap of more than $7 million and shares trading around 14 cents as of this writing, BTCS is a solid entry point for blockchain investors. It's the first blockchain-centric public company in the U.S. and was one of the first entrants into the digital currency space.
  2. Global Arena Holding: Global Arena Holding acquires patents related to blockchain tech, but it's also working on applying that tech to ATMs. If successful, this could have major implications for the everyday consumer.
  3. DigitalX: DigitalX developed a mobile product called AirPocket that assists with secure cross-border payments from more than 30,000 locations in 14 countries, primarily in North and South America.
  4. BTL Group: The Vancouver-based company offers blockchain solutions across several spaces, including banking and fantasy sports.
  5. Coinsilium Group: This London-based company invests in other blockchain startups and helps develop them. It was also the first recognized IPO for a blockchain tech company.
  6. First Bitcoin Capital: This company focuses on acquiring Bitcoin startups and funding them to develop both hardware and software for the cryptocurrency.

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