Saturday 30 April 2016

MY DAY TRADING EXPERIENCE WITH MONERO (XMR)

I  would like to share with you my day trading experience with MONERO (XMR). After the profit i made from syscoin yesterday, i decided to day trade with Monero.

Day trading is another strategy you can adopt if you want to make profit on a short term. There are some factors to consider before day trading though. A key is to identify a good entry point and a good closing point.

Anyways, i started my trade at 0.00201446 sats and i started monitoring the market at different intervals. When you day trade, the intervals at which you monitor the market is very very key to the amount of profit you can make.

A 1,2,4 and 6Hrs interval is good for a 24hr trade. It should be noted that many intervals could however bring a better result.

Below is the detailled analysis of my day trading with Monero.


The first image shows my average buying price , the amount of bitcoin i used in buying and other information. look at it well and take note of the date and time i bought the coins.





The second image shows my average buying price and my average selling price as well as the profit i made.

So in summarry I used 2.69 bitcoins to purchase monero at an average buying price of 0.00197429 and sold at an average selling price of 0.00209476 which resulted in a profit of 0.164 bitcoins($72 approx N21,000) within 24 hrs.

Day trading is a very good way of making profit everyday. However, this is a function of your ability to identify a good entry point and exit point. And most importantly make sure you know what you are doing.

Thanks.





Friday 29 April 2016

SYSCOIN! OH SYSCOIN!!

Syscoin seems to be very active today. I personally have made about 0.3bitcoins profit not to long ago. it seems it is a coin really sought after. i will be watching to see how things turn out by the end of today.

I have my proof to show to you and not just making any lofty claims. The date and time  i purchased and the date and time i sold which is today will be there for you to see. As well as the amount and price i bought. All the information will be made available for any one who cares to confirm.

From my trading records i started my purchase on   2016-03-19 17:52:18 up to 2016-03-22 18:14:11. At this point i will like you to do the calculation of how many bitcoins i used in buying syscoin and the amount of syscoin i got.

i started selling my syscoin from 2016-04-12 11:08:06 up to 2016-04-29 12:06:16 which is today. The complete data is available in the image for confirmation and verification.




Wednesday 27 April 2016

ONE WEEK TRADING PLAN WITH 1 BITCOIN INVESTMENT

There are many trading plans you can adopt to bring out the result you seek irrespective of the amount of bitcoins you have.

I want to discuss a one week trading plan with 1 bitcoin investment. We shall make use of a one week chart with a 24hr candle stick. This plan is best suited for busy people or part time trader who don’t have the time to be monitoring the market always. But if you are a full time trader like me then this is not the best for you.

Let us start

  1. first you split your bitcoin in 3 parts 0.3, 0.3. 0.4.
  1. When you look at the chart we have 7 candle sticks representing buying and selling.
  2. The first candle stick is the first day of the trading week on a 24 hr interval. Identify the low point where you can enter the market, in this case that will be 0.002348 bitcoin.
  3. So you purchase whatever coin it is you are dealing with at 0.002348 with 0.3 bitcoins and that will give you about 127.7 of the coins. Take not of the time you bought and the return back 24 hrs later to check.
  4. 24hrs later will result in the second candle stick. But instead of rising it falls again. At this point identify the lowest point you can buy again with another 0.3 bitcoin. That will be 0.002272 which will give 132 of the coins. Take note of the time you bought and return 24hrs again to check
  5. This will result in the third candle stick. There is a further fall in price and lowest point is 0.002205. buy with the remaining 0.4 bitcoin. This will give 181 of the coins.
  6. At this point, find your average buying price. Which will be 0.002272. take note of it and return by 24 hrs again.
  7. This is the fourth candle stick and there is sign of increase in price. Identify the highest point to sell and make a profit. In this case that point is 0.002281. if you sell at this point you will come out with  1.00364. that is just a profit of 0.00364 amounting to about N527.8 profit which is small but it is still a profit. So patience is required. Leave everything as it is and return the next 24 hrs.
  8. The fifth candle stick shows a highest point of 0.002540. at this point sell sell sell. You will come out with 1.1176 btc that is a profit of 0.1176 amounting to about N17,052 or so which is very decent profit if you ask me.
  9. repeat the process again for another week.

NOTE: your ability to identify this high and low points is what determines how much you can make. Also note that results in profit are not always the same.

thanks

Tuesday 26 April 2016

LITECOIN TAKING AN UPWARD SWING

It is interesting to note that litecoin as been quiet for quite a while and all of a sudden as bitcoin started showing an upward trend litecoin followed suite.

I think this goes to show that litecoin is directly related to bitcoin. As the price of the latter rises the former follows and vice versa.


BUYING ALTCOINS NOW IS A GOOD DECISION

Most altcoins have fallen in value by more than 20% and the reason is not farfetched. Anytime bitcoin rises in value, investors tend to pull out their buy support from other altcoins so as to cash in on the bitcoin frenzy while it lasts.


By the time bitcoin maintains a fairly stable price or even a fall then altcoins will start increasing in value. This trend has become a reoccurring decimal which I have noticed since I started crypto trading.


Therefore,It will not be a bad idea to buy into some of those cheap coins now.

Ethereum, maid and monero fall



BITSTAMP IS NOW A NATIONALLY LICENSED BITCOIN EXCHANGE.

What this means is that bitstamp can now operate as a licenced financial institution in europe. The Minister of finance Pierre Gramegna in the country of luxembourg signed and granted the licence.

source
https://www.cryptocoinsnews.com/bitstamp-becomes-worlds-first-nationally-licensed-bitcoin-exchange/

   


Monday 25 April 2016

ALTCOINS FALLING BECAUSE OF BITCOIN RISE.

This is always a common factor. Anytime the price of Bitcoin increases the prices of altcoins begin to fall.

What is the explanation to this? It is a very simple explanation. People who placed buy orders for altcoins are simply pulling their orders to cash in on the Bitcoin frenzy.

Anyone who bought Bitcoin when it was $420 and noticed it has increased to $450 will do what anybody will do. Sell at $450 and make a profit. And this is the major reason for the fall in altcoins prices.

I will bet you that when the price of Bitcoin start to fall which will definitely happen , you will begin to notice a rise in price of altcoins again.

Now that coins are low. It is a good time to start buying those altcoins cheap.

Friday 22 April 2016

A CRITICAL ANALYSIS OF A 24 HR CHART

As a crypto trader, it is very possible to make money everyday. I want to do a critical analysis of a 24 hr chart on Ethereum that occurred between the 20th of April 19:30hrs to 21st of April 19:30hrs.

The analysis is on a 30mins candle stick. The purpose of analyzing a chart is to enable you make a good or near accurate forcast or prediction for the next trading day or week.

This analysis will help somebody with just 1 bitcoin or 100 bitcoins to make profit daily or weekly  as the case may be. I shall do a calculation of profits from the above investment based on the result from the chart analysis.

Analysis
Analysis was carried out on Bitcoin/Ethereum 24hr chart with a 30 mins candle stick which occurred  between the 20th of April 19:30hrs to 21st of April 19:30hrs.

Findings from the Analysis
  1. A total of 48 candle sticks with different buying and selling volume were observed which is a strong indication of volatility.
  2. 24 candle sticks indicating selling and another 24 candle sticks representing buying was also observed.
  3. 13 out of the 24 selling candle sticks showed a high selling volume.
  4. 8 out of the 24 buying candle sticks showed a very high buying volume.
  5. The chart further revealed 5 volatile ranges where profit could be made.

Results from the findings

5 volatile ranges were observed at various points and there are as follows:

  1. The first volatile range occurred between the 1st and 3rd candle stick with an estimated profit of 1.68% within 90 mins of trade.
  2. The second volatile range occurred between the 7th and 8th candle stick with an estimated profit of 0.945% within 60 mins of trade.
  3. The third volatile range occurred between the 9th and 11th candle stick with an estimated profit of 1.57% within 90 mins of trade.
  4. The fourth volatile range occurred between the 16th and 28th candle stick with an estimated profit of 4.37% within 6 hours of trade.
  5. The fifth volatile range occurred between the 33rd and 38th candle stick with an estimated profit of 1.6% within 3 hours of trade.




Calculation of profit with 1 bitcoin investment on each of the volatile range

Volatile range
%profit
Bitcoin investment
Bitcoin profit
Naira value
1st
1.68
1
0.0168
2,184
2nd
0.945
1
0.00945
1,228
3rd
1.57
1
0.0157
2,041
4th
4.37
1
0.0437
5,681
5th
1.6
1
0.016
2,080
Total
10.165

0.10165
13,214

Summary
Assuming all volatile range was achieved then a total of 10.165% profit would have been realized from 1 bitcoin investment within 24 hours which will amount to N13, 214 profit.



Calculation of profit with 100 bitcoins  investment on each of the volatile range

Volatile range
%profit
Bitcoin investment
Bitcoin profit
Naira value
1st
1.68
100
1.68
218,400
2nd
0.945
100
0.945
122,800
3rd
1.57
100
1.57
204,100
4th
4.37
100
4.37
568,100
5th
1.6
100
1.6
208,000
Total
10.165

10.165
1,321,400

Summary
Assuming all volatile range was achieved then a total of 10.165% profit would have been realized from 100 bitcoin investment within 24 hours which will amount to N1, 321,400 profit.



Conclusion

From the whole analysis you will agree with me that crypto currencies are very very volatile and a lot of money to be made from this volatility if you are an experienced crypto trader.

None of the candle sticks from the chart shows any stable prices. There  all have different prices both on the selling and buying side.

I will say it again and again and again, crypto currency trading is the easiest, legitimate and a near risk free way of making money anytime anyday.

This an open call to any investor either individual or company that can afford to purchase 100 bitcoins or more for trading and speculative purpose to engage my services and get good return on investment.

You will not loose your investments rather it will be working for you round the clock while you bother about other things.




NOTE: inasmuch as the above profit margins are realistically possible it should be noted that results are not the same everyday. 

Tuesday 19 April 2016

BITCOIN IS BITCOIN BECAUSE OF THE BLOCKCHAIN. PART 2

The underlying technology behind the success of bitcoin is the blockchain. What then is the blockchain?

I will explain it in the simpliest way that I can. You and me are the blockchain. How? Simple, As long as you have bitcoin and the software running on your system and you are also involved in mining of some sort then you are part of the blockchain.

The blockchain consist of group of miners ranging from 2 to as many as possible connected in a peer to peer manner.

Miners are the ones that bring more bitcoin into existence but that would require them to successfully confirm every transactions and the process of confirming every transactions require the solving of complex mathematical   equations with the help of their computer power. When this process is completed, there are rewarded with bitcoin. This is the process called mining.

What features make the blockchain so unique

  1. It is technically impossible to hack.
  2. It has no central authority.
  3. Every transactions are recorded in a public ledger for every one to see.
  4. It is trustless and yet every transaction are legitimate.
  5. It has so many uses and application yet to be deployed apart from the area of money. Eg bitcoin.


Money is one the most prominent application of the blockchain that we are all used to. For example, Bitcoin is able to function as money on the internet and accepted as money on the internet world wide because of the properties the blockchain has.

Well, it is not only money that the blockchain can be used for. Let me tell you another use of the blockchain.

The voting system
It is strange right but it will work if properly implemented.

We have all heard of rigging, stealing of ballot boxes, manipulation of results, tampering of election materials, bribing of voters to secure votes and every form of negative vices characterized in a typical election period.

If the blockchain technology is implemented and used for election purposes, all this vices mentioned above will be eliminated totally. There will be no need to go to court to file an appeal, there will be no need to spend so much money on election materials and so on and so forth. Infact the cost of running a successful election will be reduced from a 100% to about 20% if not less. Thereby saving the government of any nation a lot of money.

Dalemat you are very funny. How do you think this will work?

Well, this is my theory of how it will work.

  1. Firstly, a certain amount of  digital token is created just like bitcoin with no value of course.
  2. One token is  issued to all eligible voters with their token address either on their mobile device or online wallet. This can be confirmed on the blockchain just to make sure every eligible voter has only one token.
  3. The candidates say governorship are also issued their own token address without any token in it.
  4. A QR code can be generated for each candidate for easier voting.
  5. On election day, the voter simply scans the QR code and sends his or her token to the candidate of choice address. If you don’t have a phone it can also be done on the online wallet with the candidates details there to choose from and cast your vote.

With this, voting , collation and result can be concluded in less than 2 hours all in the comfort of your house.
No need for long queues, there will be no harassment, no bribing and all that. You can get the result and know the winner immediately all on the blockchain.

This is an amazing technology if you ask me.


BITCOIN IS BITCOIN BECAUSE OF THE BLOCKCHAIN. PART 1

There will be no bitcoin without the blockchain.
It is this breakthrough technology called the blockchain that gives bitcoin this prominence.

Let me explain it with what will help us understand better.

Take for example A SUPERMAN MOVIE.

Any one who watches it will see superman has the main guy. Intact the movie will not be interesting without the superman character right.


Now let me tell you something that may surprise you. The superman character is nothing, can achieve nothing, without the people in the background. Directors, producers,makeup artist, graphics expert etc.

The irony of it is that these background people don't even appear in the movie. And without them superman has no value.

It is the same way bitcoin is to the blockchain. I shall talk about possible application usage of the blockchain in part 2.

Friday 15 April 2016

BUSINESS PROPOSAL: A BIG TIME INVESTOR NEEDED.

I require a big time investor who as enough funds to spare in acquiring 100 bitcoins or more for trading and speculative purpose.

Benefits to the investor

  1. Funds are not lost during trading activities unlike FOREX where all funds and investments can be lost. I will clearly explain how I shall achieve this to the investor.
  2. The investor is in full charge of the account as only him/her shall have the access to withdraw funds at any time of the day. I shall only have access to the accounts only for trading purpose.
  3. I shall give daily or weekly report to the investor either by soft or hard copy.
  4. Profits may be generated on a daily, weekly or monthly bases depending on the strategy I may choose to use and data available to me at a point in time.
  5. The investor doesn’t need to release any funds or money to me because every transactions in terms of acquiring the digital asset(bitcoin) will be initiated from his/her bank account. 
  6. I shall open a multi currency international bank account with a bank in Europe for the investor with prepaid cards denominated in (USD, EUR, GBP). All this shall be in the investors name at no cost to the investor.
  7. A profit of about 5% to 70%  or more can be made on a weekly to monthly bases depending on volatility without affecting the initial investment.
  8. With the above required  minimum  investment, I can guarantee any investor of not loosing any investments all things been equal. I shall clearly explain how this can be achieved.



My terms and conditions

  1. Profit shall be shared on a ratio of 50: 50 anytime the said profit is made. And I shall only be paid with the digital asset bitcoin only.
  2. I shall have unrestricted access to the account only for trading purposes with the investor fully aware anytime I logg in.
  3. A 2 factor authentication or email authentication shall be setup so that only the investor shall have access to withdraw funds from the account.


Any person willing to invest with the minimum amount of 100 bitcoins and above and in agreement to my terms can contact me on phone or email on how to setup everything and commence immediately.

07031527001
dalematslimited@yahoo.com

Thursday 14 April 2016

A CRYPTOCOIN FOR THE SCOTISH PEOPLE CALLED SCOTCOIN

It is amazing to see how some countries are very passionate about crypto currencies to the point where they create one for themselves and try to adopt it as a national currencies.

I just stumbled on an article about this scotcoin which was quite interesting and out of curiosity i decided to see how coin has fared so far and i was surprised to see that the coin has a fairly significant growth in less than a month.

What does this mean? As more citizens of the country begin to adopt it and accept it as a form of money there will be demand which will lead to an increase in the value of the coin.

Speculators do i need to spell it out for you? I see a future for this coin.

here is the link to the article

http://cointelegraph.com/news/a-coin-of-independence-scotlands-own-cryptocurrency-vs-british-pound

Wednesday 13 April 2016

MAIDSAFECOIN IS TRYING HARD TO STAGE A COME BACK

At this point, for any one who bought about 24 hrs ago will be smiling now. But for those who bought above 25000 sats will still have to wait a bit unless they applied DALEMATS STRATEGY.

With this strategy, it is very difficult to run at a loss. i can assure you of that. provided you are able to meet up with the few basic requirements.

Tuesday 12 April 2016

SOME COINS TRYING TO PICK UP GRADUALLY

I just notice that some coins are trying to pick up gradually. lets see what happens in days ahead

WHICH IS A BETTER INVESTMENT? CRYPTO CURRENCY, FIXED DEPOSIT OR TREASURY BILLS

I have personally experienced all the 3 investment opportunity and i must be frank with you that there is no other investment opportunity that brings a better return on investment like cryptocurrency. The truth be told.

Please, dont get me wrong, i am not in anyway saying fixed  deposit or treasury bills are not  good investments. I even maintain a fixed deposit myself.

What i am saying is that instead putting all your funds in just one of them you can split it into the 3 investment opportunity.

All of them as its advantages and disadvantages though. Overall, they are all good.

WHAT HAPPENS IF BANKS WORLDWIDE ADOPTS AND IMPLEMENTS THE BLOCKCHAIN TECHNOLOGY INTO THEIR SYSTEM

It is simple. Wire transfer becomes faster and cheaper.There will be no need to start sourcing for foreign currency any longer because your local currency can be used.

Let me paint the scenario for you

 Let assume i want to send 2,000 yuan to china.


  1. I simply walk to the bank and request for a transfer of 2,000 yuan
  2. The bank simply deducts the naira equivalent from my account.
  3. The bank in turn now sends an equivalent in crypto currency to the beneficiary bank in less than 30 mins  .
  4. The beneficiary bank upon receipt of the crypto currency then converts to the countries currency and then credits the account of the recipient.
All this can be done in less than 30 mins at most 1 hour.

Bank of America is in the forefront of adopting and implementing this technology to their system and hopefully other banks all over the world will follow suite. 

This i believe is a way forward for banks all over the world if they still want to remain relevant as far as wire transfer is concerned.

Monday 11 April 2016

BANKS IN EUROPE AND AMERICA TRYING TO ADOPT THE TECHNOLOGY BEHIND BITCOIN: THE BLOCKCHAIN

This is quite interesting if you ask me. Apart from the fact that bitcoin as attained a phenomenal growth over the years, the technology behind it is another marvel on its own.

Many banks abroad  are beginning to see the need to follow this change if not some of the normal banking service they render will become irrelevant.

Take for example, wire transfers takes about 3 to 5 days to get to the beneficiary coupled with the fact that you have to pay high charges for the transfer to be initiated.

But with bitcoin and the blockchain, the same amount can be sent at lesser time of 30mins for little or no cost at all. So, if Mr A in nigeria wants to send $1,000 to Mr B in USA all he has to do is buy bitcoins from a local exchanger at the prevailing market price equivalent to $1,000 and sends to Mr B bitcoin address.

The bitcoin arrives at Mr B wallet in less than 30mins and he in turns sells it in his country and receives dollars with little or no fee at all. And all this is done in the comfort of their house. no queues no stress.

So banks abroad forseeing this change and in their bid to still remain relevant are begining to embrace this blockchain technology.

From my understanding if fully implemented and banks all over the world begins to adopt it then it means that the traditional wire transfer may likely be phased out.

read more
http://www.coindesk.com/bank-of-america-cryptocurrency-wire-transfer-patent/

http://www.nasdaq.com/article/big-banks-are-hopping-on-bitcoins-blockchain-bandwagon-cm546238

WEBSITE WITH USEFUL INFORMATION ON CRYPTO CURRENCY

If you are looking for information on crypto currency. Then i will recommend some of this site for you.

http://www.cryptocoincharts.info/
http://coinmarketcap.com/
http://www.coindesk.com/
https://bitcointalk.org/
http://cointelegraph.com/

Enjoy

Saturday 9 April 2016

BEWARE OF SCAMS RELATING TO CRYPTO CURRENCY

You will hear of things like

1. multiply your bitcoins in few hours
2, send 0.1bitcoin and get 2 bitcoin
3. mine bitcoin for free
4 free sites that pay you bitcoin every minute

and many more schemes like that.

It is either these folks have little or no knowledge about crypto currencies or there stone hearted scammers ready to collect peoples hard earned bitcoins. Please be careful of such schemes.

Let me enlighten you a bit incase you dont know. The only legitimate way i know of getting more bitcoins is by 1. mining 2. trading and probably speculating on a long term.

All the above mentioned ways all come at a cost unless of course you steal someone else's coin. Even a farmer needs to part with a seed in order to have an harvest.

Mining gives you these coins no doubt but you need to invest in hardware equipments to do the computations for you. These hardwares don't fly and appear from the skies, you spend money to get them.

Trading and speculating also gives you more of these coins. But how do you acquire theses coins in the first place. you have to spend money to get them before you can use them to trade and speculate.

Unless of course somebody donates them to you for free. Any other means is a SCAM as far as i am concerned.

I stand to be corrected.

PLEASE I BEG YOU NOT TO FALL VICTIM OF THIS CHEAP SCAM. YOU NEED MONEY TO GET MONEY

A LOT OF COINS SHOWING RED

Many coins are showing red which is indicative of people selling off their coins there by making the prices of this coins to fall. it has become a reoccurring decimal during weekends and holiday period for coins to fall in value.

Well, this is a great opportunity to start buying some of them especially ethereum that is if you have enough bitcoins to follow up as the price falls. Remember and refer to my earlier post on ethereum. I am almost so certain that there will be a significant rise in value of ethereum in the nearest days to come if you keep faith and don't panic.

Remember that it is in the DNA  of cryptos to fluctuate and to be volatile. That is its nature. Having this at the back of your mind will keep you calm and make you ready for a big HAUL. Trust me.

 

Friday 8 April 2016

A HUGE BUY OPPORTUNITY FOR ETHEREUM. BUY! BUY!!

Ethereum has fallen and it is a good time to buy. if it falls further buy again. From the chart data i just studied i forsee a significant and profitable hike in price in a few days to come.





STORJCOIN X IS PULLING A FAST ONE

A one week chart shows a very impressive growth on storjcoin x. It is sitting comfortably at number 3 in terms of volume at poloniex exchange.

Below is the 1 week chart



This is more than a 25%  increase in less than a week.

Thursday 7 April 2016

COINS HAS BEEN KIND OF DULL THIS WEEK

Many coins has been on the low this week, thereby making the suspense high and the anticipation very intense.

Although, this is a typical characteristics of crypto currency and very needed as far as crypto trading is concerned.

One thing to be noted is that during this period, there are a lot of buy opportunities and fewer sell opportunities.

A crypto trader who is able to discern this times will definitely make money on the short and long term.

SELL CHEAP BUY CHEAPER

This another great strategy to eliminate or reduce loss when you notice the coin you bought is falling in value. How can you know when to use this strategy?

When you notice a very rapid 10% and above fall in coin value after purchase. Then you can adopt this method.

Assuming you noticed a 10% fall in price and sold at a 15% loss, chances are that the coin could fall by 35% or more. when you buy back at the 35% loss point then you have gained about 20%.

For it to work well for you always ensure to monitor the buying and selling data and the rate at which they rise and fall.

Tuesday 5 April 2016

BUY OPPORTUNITY FOR MANY COINS TODAY

if you are interested in making some extra cash before this week runs out or early next. then i would like to inform you that some coins are showing signal of BUY ME, BUY ME.


It should be noted that this is just a suggestion based on the data available to me and may not  be 100% accurate. So, before buying into any coin, ensure that you do your own research too.

Thanks

CHECKING COIN WEBSITES AND BLOG AS ITS ADVANTAGES

If you want to improve your level of profits then you must learn to visit the developers website and blog so as to learn about any upcoming developments. As this will give you an hint on what might likely happen to the price or value of the coin in future.

Friday 1 April 2016

SYSCOIN MAY RISE TO OR ABOVE 3000SATS SOON

This speculation is based on data available to me over the past 2 days. I have been watching syscoin closely, despite its fall some days ago. it still maintained its health and gradually i notice the buy support increasing and the trading volume increasing too.

some days ago it was in 7th 0r 8th position in terms of trading volume. it is at no 4 now.

What does this indicate? only time will tell.