Welcome to this cryptocurrency video posted by The Crypto Lifestyle. In this video you will learn about Digitex Futures ladder trading strategy and also get a quick overview of the Digitex Futures platform.
Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who is saying them. The information presented to you on this site is made available for discussion purposes only, and are not cryptocurrency investing recommendations. Under no circumstances does the information on this page represent a recommendation to buy or sell crypto securities.
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Welcome to this episode of DataDash. In this special episode Nicholas takes a closer look at Ripples XRP to help explain the underlying technology and what Xrapid is going to be used for.
Ripple Labs the parent company of XRP the 3rd ranked cryptocurrency video at the time of this post. Recently XRP has taken the number 2 spot based on total market capitalization. XRP runs under Ripple Labs which has made a number of technologies around the remittance payments market. The remittance market is a 100 billion dollar market per year where people and companies send cross boarder payments.
The cross boarder payments system that currenty exists is very much out dated. 'Swift' was made in the 70's and banks have not worked in the favor of customers to improve this out dated technology. It is slow and costly for cross boarder payments. The money transfer system that currently is widely used takes multiple days - even after 5 days of waiting for a transfer to occur the fail rate is still around 5%. So had you sent money across the world which was urgent it may not even arrive after a period of time.
XRP Cross Boarder Payments
Xrapid 'XRP' is a new type of payment gateway that will swap your native value into XRP and swap into the requested foreign currency. Xrapid does this in a distributed way which reduces cost and drastically speeds up the time to accomplish the money transaction.
XRP Trading Tips
The current value vs actual use case is not matching 21 billion dollars. What is currently carrying XRP's value (similar to many cryptocurrencies) is speculation. There is however very steady volume backing XRP from mainly retail investors. The total supply is still 75% held and not yet released into the total supply. This means that a great deal of inflation is still to come.
If Ripple can get the Xrapid technology in 25% of the remittance system it will provide a great deal of liquidity and demand for XRP tokens. It is hard to measure this because Xrapid has not been turned on and the demand which is to come is not yet measurable. The value of XRP could be diluted by a large total supply.
There has been high volume in XRP trading, however not from institutions and banks. This may change when Xrapid is turned on, but as of now it has not been. XRP is a risky investment and a speculative one with current conditions. Looking at previous price action XRP tests its previous highs relative to BTC. It is a momentum play and with price action repeating itself an indicator to look into is the 200 moving day average. Learn more by watching the XRP DataDash video above.
Swell Event: October 1st 2018 Ripple XRP Event - Brad Garlinghouse, CEO of Ripple will be talking along with a number of other Ripple team members. Learn more here.
Top 3 CryptoCurrencies End of 2018 Picks | DataDash
Welcome to this episode of DataDash.You can hear some technical analysis, crypto trading positions, and opinion on three crypto currency picks that may rally in the end of 2018.
Nano - Nano is on the radar of DataDash for a token to rally in the later part of 2018. You can watch the episode above to see the opinions of Nicholas Merten. You must determine your own trades based on your own research, but it is always good to see the opinions of seasoned traders. Nano was one of the most oversold cryptocurrencies since the highs that were seen in December/January. It fell about 20x since its highs.
Dash - Due to the marketing efforts of Dash and adoption in places such as Venezuela. Speculation and hype come into play and Dash is one of the tokens that are on the list to watch and perhaps one that will have a nice rally in the end of 2018. Dash went down 10x since the September highs. Closing a position that is already held into Dash will be released at the $350 and more closed out at around the $450/$500 range. Marketing is a big part of why Dash may do well.
Monero - Monero seems to have an easy trading pattern to follow. History does not necessarily repeat itself. Monero may test the $150 level again and then perhaps consolidate and move higher.
Welcome to this episode of DataDash! In this episode you can ear the opinions of Nick Merten as he discusses market trends and technical analysis on whether or not Bitcoin and other cryptocurrencies have hit the bottom. Which way will the market go from here? Listen and watch one of the most popular cryptocurrency traders talk about the current state of the market in this episode of DataDash.
Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who is saying them. The information presented to you on this site is made available for discussion purposes only, and are not crypto currency investing recommendations. Under no circumstances does the information on this page represent a recommendation to buy or sell crypto securities.
Stay informed on the latest blockchain and crypto news:
Understanding Market Cycles in CryptoCurrencies | DataDash
Learn about current price action, look at daily, weekly, monthly trading action. People get concerned about short term price trends. Understanding market cycles in cryptocurrencies and market manipulation can help you get through the short term scares.
In a short time frame, whales in the market are able to trade on some exchanges and then use leveraging systems on margin to profit off market manipulation. Eyes seem to be on the short term cycles of the market, but we must remember to look at the long term cycles and try to remove unwarranted emotion out of your trading equation.
The people who usually win in markets are not the day traders. 90-95% of day traders do not usually win, and the 5-10% of day traders that do win, usually do not win in comparison to the swing cycle investors. Watch this video to learn why swing cycle investing can be a better choice, this is an opinion video by DataDash.
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