Stock & Crypto Trading

July 7, 2021

This year we can observe that cryptocurrencies tend to move up and down even by 15% of value on a daily basis. Such changes Stock & Crypto Trading price are known as a volatility. But what if… this is totally normal and sudden changes are one of the characteristics of the cryptocurrencies allowing you to make a good profits?

First of all, the cryptocurrencies made it to the mainstream very recently, therefore all the news regarding them and rumors are “hot”. After each statement of government officials about possibly regulating or banning the cryptocurrency market we observe huge price movements.

Secondly the nature of cryptocurrencies is more like a “store of value” (like gold had been in the past) – many investors consider these as backup investment option to stocks, physical assets like gold and fiat (traditional) currencies. The speed of transfer has as well an influence upon volatility of the cryptocurrency. With the fastest ones, the transfer takes even just couple of seconds (up to a minute), what makes them excellent asset for short term trading, if currently there is no good trend on other types of assets.

What everyone should bear in mind – that speed goes as well for the lifespan trends on crypto currencies. While on regular markets trends might last months or even years – here it takes place within even days or hours.

This leads us to the next point – although we are speaking about a market worth hundreds of billions of US dollars, it is still very small amount in comparison with daily trading volume comparing to traditional currency market or stocks. Therefore a single investor making 100 million transaction on stock market will not cause huge price change, but on scale of crypto currency market this is a significant and noticeable transaction.

As crypto currencies are digital assets, they are subject to technical and software updates of cryptocurrencies features or expanding blockchain collaboration, which make it more attractive to the potential investors (like activation of SegWit basically caused value of Bitcoin to be doubled).

These elements combined are the reasons why we are observing such huge price changes in price of cryptocurrencies within couple of hours, days, weeks etc.

But answering the question from the first paragraph – one of the classic rules of trading is to buy cheap, sell high – therefore having short but strong trends each day (instead of way weaker ones lasting weeks or months like on stocks) gives much more chances to make a decent profit if used properly.

Nano and Nexty: Are these the real and practical cash alternatives? Let’s find out!

Blockchain isn’t a hip geek-talk anymore! Bitcoin revolutionized the way many of us saw currencies, ledgers, funds transfers and transactions. The beauty of all virtual currencies is that nearly each one of them tries to address a problem. And this is where our coin of interest – Nexty – comes in action. During the write-up, the similarity of the Nexty platform will be compared with Nano – XRB to gain a better understanding of this platform.

In very simple terms, Nexty platform is pitched as a transaction system that will eliminate the concept of transaction fee while ensuring ultra swift transfers to facilitate its users. Apart from this, the transfers are ultra quick because the transactions don’t require the miners to perform confirmation as in the case of other virtual currencies such as Bitcoin etc.

However, as per the white paper released by creators of Nexty, the primary usage of Nexty is meant for newly established e-commerce businesses to help generate public funding. Since there are no transaction, ultra fast transfer (2 seconds! And that’s pretty much real time) and confirmation fee, the fund-raising will become hassle less. The coin is surgically targeting the ecommerce stores because that will cultivate an eco-system where these stores will be accepting NTY coins from shoppers.

The concept behind NTY is making daily online trades a smooth experience. The team behind NTY comprises of Blockchain developers and established marketers. Some of the team members have ten to 12 years of experience in full stack development and marketing.

Some of you might argue that Nano – Previously known as Railblocks, XRB – is already performing the same functions as NTY. The XRB coin is a bit unique because it uses its proprietary block-lattice data structures. Due to this, each Nano account has its own blockchain which reduces latency for fast transfer. Apart from this, the XRB is power and resource efficient and doesn’t need high end GPU system for transaction execution. However, Nano doesn’t come with a smart-contract capability. Smart contracts are meant to be exchanging triggers for any crypto currency. These contracts help exchanging funds, real estate, stocks or any tangible or non tangible entity of a financial value. The smart contracts also oust the need for brokers while carrying our crypto to asset exchanging flawlessly. Apart from this one difference, NTV and XRB (Nano) are more or less identical. Another major capability of the Nexty platform is its integration within existing ecommerce applications such as Joomla. As per the developers of NTY, the integration takes 3-4 hours max.

In order to achieve a demand – supply balance of the NTY, the platform comes with a built-in smart staking program. This program offers bonuses and credits on buying, selling and holding Nexty. The system is meant for investors and daily users as the same time.

The capability of the Nexty and Nano platforms are huge. Just imagine a world where crypto replaces conventional wallets and transactions are quick! For instance, if a shop keeper accepts BitCoin, it might not hand you over the goods and service before the transaction is confirmed by a number of minors. And now re-imagine paying for goods and services through a currency that’s quickly transferred with zero transaction fees independent from any minor verifications!

Cryptocurrency market has become very popular and every trader is looking to make it big with bitcoin trading. It is however a very volatile market that can be hard to keep up with, especially considering that this is a market that never sleeps unlike the stock market. To make things easier for traders, trading bots have been developed. A trading bot can be defined as software program which is designed to interact with financial exchanges directly so relevant information is obtained and interpreted so orders can be bought and sold on the traders’ behalf.

In essence, the bots make decision through market price movement monitoring and use of pre-programed rules so that losses can be stopped. The bot analyzes market actions like price, volume and orders according to your preferences and tastes as a trader and makes the decision. If you are into bitcoin trading, then you may want to choose the best bitcoin trading bot to ease out the process for you. But with so many bots now available, how do you know which one is best?

Customization and ease of use

The interface of a good trading bot should be easy to use by any kind of trader including those who know nothing about coding. All information necessary should be easy to find and the gains clearly shown together with all aspects of the trading that matter including buy orders and current sell. All you should be required to do is enter your pairs and numbers and then start your trading with a click of a button. Apart from being straightforward even for first time users, a customizable trading bot is even better. With this function, you will be in a position to change how the skin looks so you can have a program that you are happy to use every time.

Operating system compatibility

Not all bots are designed the same and not all traders will use the same operating systems. For this reason, you want to get a platform that functions on all the operating systems. With this kind of bot on your side, you can access your trades from Linux, Mac or Windows depending on the device you are using. With your orders and settings on a USB, you will only need to plug into any computer to continue trading with the operating system notwithstanding. A standalone bot that requires no installation and is compatible with all systems will prove very convenient in the end.

Support for pairs, coins and exchange

Apart from bitcoin, you could be a trader interested in other pairs, exchanges and coins. It can therefore be more helpful to find a trader bot that can accommodate different coins offered by major exchanges. A full stacked crypto bot will work great for a spontaneous kind of trader.

Other bot features that could prove to be helpful are notifications and reporting, real time and historical back testing among others. Find out what the trader bot can do and select accordingly.

A bitcoin trading bot can take the guesswork out of the trading. There are so many bots readily available and your work should be to choose the best bitcoin trading bot to enjoy a pleasant trading experience.

Article Categories:
Uncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *