Good Morning Crypto Traders,
Thanks for your positive comments on our last Crypto Blog ‘How to Short Bitcoin’. I hope you had a lovely weekend and Platinum Crypto Academy is here live and kicking ready to trade the Crypto market with you, and begin your road to profitability with some crypto fuel.
Bitcoin (BTC) having set a six-day high above the $9,000 on early Saturday which was the highest level since Feb 4th.
Other top crypto market cap coins like NEO, Ripple, Cardona, have all seen solid gains. Most markets are still slightly down compared to 24 hours ago, although the massive price decrease has been recovered in quick succession.
The markets have now stabilized with the Current Crypto Market Cap at the time of writing around 418k which is a great recovery and it just shows you that when all the fear kicks in we need to hold our positions and block out the FUD!
To be able to make longer-term gains from cryptocurrencies we need to learn that merely buying a cryptocurrency in hope or without any Proper formulae will not work as this will not support you in times of market volatility.
At Platinum Crypto Academy we use the following Formulae:
When taking a Crypto Trade, we need to have the following to support us:
- Understand the Bull, Bear & Range Market
- Market Volume should be supportive of your trade
- Technical Analysis is the key to ensuing the Entry, Stop Loss and Take Profit
- Understanding the core fundamentals of the actual Coin.
See how we are approaching Bitcoin and Ethereum in the next few days.
Let us give you one session on any given coin today. Schedule your session which is absolutely free and we can show you how easy it is to just trade Cryptos in 15 mins per day and take home some great profits.
Platinum News Desk
“Keeping you up to date with the latest News in Cryptocurrencies.”
Huge News for Cryptos and the U.S.
As you may be aware there was huge news last week for Cryptos in the U.S. Overwhelming support for protective legislation for U.S. consumers and investors in the U.S. market, as well as an overall bullish perspective of the technology.
The Arizona Senate passes a bill to allow Residents to pay in cryptocurrencies
The 8th of February is going to be the landmark and a truly memorable day for cryptocurrencies traders as the Arizona Senate passed a bill to allow their residents in the state to pay their taxes with cryptocurrencies.
“It’s one of a litany of bills that we’re running that is sending a signal to everyone in the United States, and possibly throughout the world, that Arizona is going to be the place to be for blockchain and digital currency technology in the future.”
Cryptocurrency Fever hits the Universities:
The director of M.I.T.’s Digital Currency Initiative, Neha Narula, said that when it didn’t schedule a course for this semester, she got constant requests from students. So, she put one together and is now co-teaching it. Last week, Stanford University hosted a three-day conference on the architecture and security of blockchain software
Princeton and Berkley have also introduced similar courses which only means one thing in our mind: Market Acceptance. The Crypto Generation is here to stay!
Cryptocurrency Jobs now hit the mainstream for 2018
Some of the major job sites have reported that the demand for knowledgeable Crypto Geeks has increased and they have had to create a special section for Crypto Jobs which is dedicated to these job opportunities. With billions of dollars flooding into innovation within the ICO Sector this was only a matter of time!
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Platinum Crypto Lesson of the week:
At Platinum Crypto Academy we have students and clients from all different walks of life, some are new to the concept of cryptocurrencies, whilst some already have coins and need help and assistance to grow their portfolio. Our Aim is to cater and render services to the whole Crypto community.
Mini Lesson of the Day:
Over the coming weeks, we will cover simple subjects which will not only increase your knowledge but give you confidence in understanding cryptocurrencies better!
The starting point is the building blocks of Cryptos. What’s in the Blockchain Technology?
Cryptos was essentially launched to move against the control as well as centralization of the fiat currencies. It’s important to understand that the central banks of respective countries control fiat money.
However, in the case of blockchain technology and cryptos, users maintain a separate ledger and each and every copy of their ledgers are further synchronized with the help of an algorithm. Hence, blockchain technology is essentially a ledger used for maintaining cryptocurrency transactions, which occur inside the cryptocurrency market network.
It is a distributed ledger or database wherein the device used for storing the transactions, as well as ledgers, aren’t linked to any common computer processor. It consists of an ever-expanding ‘chain’ of cryptocurrency transactions in the form of ‘blocks’.
The Need for Blockchain
Blockchain technology has taken the financial world by storm. In fact, the introduction of Bitcoin, as well as other cryptocurrencies, has threatened the global financial systems. Bitcoin’s crypto market cap alone may go well beyond some of the biggest organizations in the United States, and much of this surge in the cryptocurrency’s value has come due to the blockchain.
This is primarily why the technology is being embraced by investors across the world. Blockchain brings along with it a highly secure decentralized system that can be easily accessed by any investor via the P2P network. The technology also allows investors to avoid huge costs in the centralized financial world. According to the financial experts at Platinum Academy, recording, as well as verification of multiple transactions such as that of equity, money, commodities and bonds over a distributed ledger, is definitely a path-breaking as well as a unique concept.
Hopefully, you have enjoyed today’s article. Thanks for reading!
Have a fantastic day!
Live from the Platinum Crypto Trading Floor.
The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgement and perform due diligence before using the information in this article. Your success is still up to you. Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.