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ICO / Crypto

Not Financial Advice

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The new sector of cryptocurrency is extremely enticing and it has been filled with ultimate gains, losses too. As we know, the bear market is currently ensuing and the ultimate shakeout is upon us. It is critical to protecting capital in bear markets. Yet, how do you keep track of your gains? Do you?

Here are a few strategies I like to use:

Excel is your friend

Learning Microsoft office is something they taught us in grade school and something they emphasize in the business college at UF. It’s quite funny actually because every student puts it on their resume as some sort of skill. Yes, it takes awhile to get used to it, but any average 5th grader could make beautiful spreadsheets. All this means is you can too.

First excel spreadsheet is strictly for your trades.

So, the date, type of trade, leverage(if used), entry/exit, stop loss, PNL %, starting balance, ending balance.

Here is an example of one of my losing trades: I did not fill in certain boxes for my own reasons, but you can see it is effective. If you do this, it will improve your trades no doubt. It doesn’t allow you to get away with mistakes and emotion. Trust me, when you document those losses it hurts.

Outside income source budget

I have started to record all of my gains outside of crypto onto an excel sheet as well. It helps me keep track of where my money is and where it’s going. Also, it pushes me to make money every day. Not filling out that sheet each day puts a bit of a strain on me. As an entrepreneur, it is crucial to do some sort of income generating activity each day. Often times its trading, writing articles for Omniloquent, working, selling my program etc., you get the point.

I have also found it vitally important to track your monthly income and expenses. Set some goals and go get them.

All in all, documenting your personal finances can really wake you up to how much money you are really making. Enjoy the summer, do not stop grinding.

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ICO / Crypto

In a bloodbath be a market vampire

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Cryptocurrency is hemorrhaging and im a hungry vampire

Since the beginning of 2018 the cryptocurrency markent has experienced an epic sell off. Currently 90% of all cryptocurrencies are down atleast 80% from their highs a year ago. Some of you probably think this is the end of Bitcoin, but it is more likely the end of many Shitcoins with inactive platforms or illconcieved concepts. It is likely that over the next few months many coins will begin to get delisted a their values drop below $0.00, only the strong will survive this rapture.

You’ll live if you have an active platform

Platforms like Stellar, Binance, and Steemit are likely to endure through this apocolypse mainly due to their strong platforms and huge fanbases that, not only believe but also work hard to keep the blockchain running as a commnity. The coins that are still hinged upon promises and illusions will fall to oblivion. Take this time to evaluate you portfolia and rid yourself of shitcoins and prepare for the great buying opportunity that is about to present itself.

The long road ahead

The last bitcoin bear market lasted around 14 months and when it ended it still took nearly a year for crypto to really rally in 2017. This recession was an inevitable happenstance that many professional analysts predicted. In 2018 all the rumors were that Bitcoin would drop over 70% before rebounding and surpassing its all time highs. With all this news about institutional investments coming into cryptocurrency It is doubtful that the industry is dead. On the contrary I think it is the beginning of a new period in the crypto economy. Regulation is coming and when that happens the Institutional investors will begin pumping crypto as they build their corporate positions for the future.

### Watch the charts

Right now is not a very good buy situation but it would be a good idea to open positions after BTC droppes below $6000 because a strong rebound is likely. I say that because around $5900 is the mining profitability threshhold. We all know miners control the BTC market so it is a logical pivot and point of support for bullish traders. Try to average into the market and remember that your in it for the long haul.

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ICO / Crypto

Bitmex The Boss Of Margin Trading

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bitmex

No It Does Not Mean Bit Mexico

The Bit Mercantile Exchange aka Bitmex has become know as the worlds highest volume trading platform with over 1 million daily transactions and growing! As far as cryptocurrency exchanges go it has a pretty solid history starting back in 2014 and running smoothly up until today. Bitmex has established itself as the go to Exchange for traders looking to leverage their holdings and trade on the market. It is not an eachange to be used by novices because you could wind up emptying your account.

Leverage Leverage Leverage!!

The margin trading options available to you on Bitmex represent a smattering of the top cryptos and the opportunity to trade some of them up to 100x leverage. Thats righ you could basically trade with a minimum of .0006 btc and leverage it to be worth .06 btc. OF course havign such a position is risky because it may get liquidated quickly depending on the markets volatility. If you can understand the threat of liquidation and plan around it then trading on bitmex can be an attractive option.

Perfect For Down Markets

With cryptocurrency in general experiencing a year long downturn, exchanges like bitmex that allow you to go long or short on cryptocurrencies is a helpful tool. Using Shorts one could track the market as it declines and profit (in BTC) on the declining market. That means you would end up with a larget bitcoin positions when the market begins to reverse upwards. Of course being able to short Bitcoin is not an easy task but can be done, especially if you understand the RSI and MACD indicators.

Its Kinda Like Gambling

When you use bitmex you are in essence bettin on which direction the chosen market is going to go. If your right it pays, if your wrong its costs. Although its not as simple as picking a direction, you can learn how to trade on bitmex relativley easily by readingthrough thir FAQs and reaching out to the Bitcointalk community. As always remember when using trading platforms, only invest what you are prepared to lose.

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ICO / Crypto

What is the 0x Protocol?

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0x

All assets will be on a blockchain eventually

Atleast thats what the creators of 0x protocol believe. It’s not trade secret that cryptocurrency exchanges are plauged with security threats onana almost daily basis. Many Blockchain evangelists beileve that the key to stemming the tide of hackers is to create a decentralized exchange. 0x has found a way to incorporate the best of both the centralized and decentralized worlds.

the 0x protocol is no shitcoin, in fact it is probably one of the most useful tokens to exist on the ethereum blockchain. Its creators believed that eventually the ethereum blockchain will trade assets of all kinds, and will need a way to exchange those tokens easily.

0x attempts to help improve decentralized exchanges

The 0x Project is more like a decentralized exchange than a centralized one with some key differences. 0x was created to solve the primary problems decentralized exchanges present. mainly the facts that they are expensive, slow, illiquid, and are not interoperable. operating an exchange on a blockchain usually means fees associated with transactions and trades that become prohibitive. The 0x protocol was designed to solve those problems by standardizing the protocol. this protocol sends orders back to the blockchain after settlement instead of on a transactional basis. Thus the 0x protocol is much faster and more efficient.

Built to be a foundation

The 0x protocol is designed to be used as a means for developers to build their own decentralized exchanges. An added bonus for Devs is that 0x charges no fees so you have the option of having a fee free exchange. Currently unfortunately you can only use the 0x protocol with Ethereum Erc20 tokens. 0x is only compatible with the Ethereum virtual machine so it is unlikely you will be able to trade other promising coins like Stellar with it. IF you are an investor i can only suggest that you remember that 0x is directly dependent on the continued growth of the ethereum platform and its production of tradeable coins. If another platform takes over the smart contract game then it is likely 0x will be quickly forgoten.

Use case matters

My favorite coins to talk about are coins with actual use cases that are ACTIVE, not those undeployed promises some platforms offer. THis coin was designed in conjunction with some of the biggest names in cryptocurrency including Coinbase. With their recent publicity i though it would be good to teachfolks about what 0x actually does. Now that you know you can check out the exchange they created here

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