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Showing posts from November, 2022

What Are Spreads and Bid-Offer Spreads?

A spread in trading is the difference between the asking and closing prices for an asset. Since the spread determines the prices of both derivatives, it is a crucial component in CFD trading. Brokers, market makers, and other providers frequently display their prices using spreads. This implies that a purchase of an asset will always cost a little more than the market's base price. While the selling price will always be a little less. In the financial world, spread can refer to a variety of things, but it always refers to the difference between two prices or rates. It is also a type of trading strategy, such as an option spread. This is done by buying and selling the same amount of options with various strike prices and expiration dates. Offer-Bid Spread The spread that is added to the price of an asset is known as the bid-offer spread, which is sometimes referred to as the bid-ask spread. The bid-offer spread reveals the price range at which buyers and sellers are interested in an

Which Week Is Ideal For Cryptocurrency Purchases?

  Cryptocurrency traders are constantly hunting for profitable opportunities. However, they require more than luck to succeed. To predict the future movement of cryptocurrencies, you must be able to "read" patterns. These elements include market news, historical market performance data, volume, buying time, regulations, and many others. This makes it difficult to determine the optimal timing to buy or sell cryptocurrencies. The Ideal Weekday To Invest In Cryptocurrencies Tuesday appears to be the greatest day of the week to purchase cryptocurrencies, followed by Thursday and Saturday. This conclusion was derived using the same statistics that determined the optimal timing to purchase cryptocurrencies. But the crypto winter of 2022 has caused prices to plummet quickly and abruptly, and it appears to have little to do with anything other than fears that the market will continue to decline. Moreover, the concern that the market would collapse further has led to a reduction in pr

GameFi Investors Now Value Fun Over Profitability: Survey

Eighty-nine percent of GameFi investors succumbed to Crypto Winter 2022, despite the fact that about half of the investors first entered the GameFi area in pursuit of profits. GameFi, the marriage of gaming with decentralized finance (DeFi), attracts a group of investors who select projects based on their use case rather than their potential to generate revenue. The GameFi ecosystem is attractive to GenZ investors and gamers. Therefore, it serves as an entrance point for a large number of first-time investors. A ChainPlay poll of 2,428 GameFi investors indicated that 75% of respondents entered the cryptocurrency industry because of GameFi alone. 89% of GameFi investors succumbed to Crypto Winter 2022, with 62% of them losing more than 50% of their profits. Initially, nearly half of investors entered the GameFi market in pursuit of gains. However, investors think that poor design of the in-game economy was the primary cause of their losses. In accordance with this sentiment, the poll in

Putin's Rallying Of Patriotism Overwhelms Doubts Regarding Russia's Power.

No cost is spared in demonstrating to the Russian people how large and gleaming their fleet and military forces are. Consider, however, April and the loss of the Moskva, the flagship of Russia's Black Sea navy. The Ukrainian defense ministry reported a direct hit; Russia reported an onboard fire. A serious blow to Russia's prestige and capability in the Black Sea. Nor is it the only loss for the Black Sea fleet, which faces a Ukrainian navy that has been drastically reduced since the takeover of Crimea and is essentially confined to its ports, along with its commercial vessels. The blockade of the Black Sea has been a big strategic victory for Russia, compelling Ukraine to mine its own borders. Stasis at Ukraine's ports has deprived vast swaths of the world, most notably of grain, but also of fertiliser, sunflower oil, and a host of other products that would have poured much-needed cash into the Ukrainian economy. Despite the grain agreement reached in Istanbul, no sh

Snap dissolved its Web3 division amid massive layoffs.

In the second quarter, the company's growth rates reached their lowest point in the past five years; consequently, the company has decided to lay off one-fifth of its employees. Snap (SNAP) has decided to terminate its Web3 team in an effort to reduce expenses in light of the company's significantly slowed growth. Jake Sheinman, co-founder of Snap's Web3 team, announced his retirement in a tweet published on Thursday. In the tweet, he also disclosed the social media behemoth's future plans. According to the tweet, "As a result of the company's restructuring, the decision was made to disband our [W]eb3 team." CoinDesk's request for comment from Sheinman was not immediately met with a response. In July, following the release of the company's second-quarter earnings, Snap CEO Evan Spiegel disclosed that the company's executives were concerned about the company's underperformance. The company acknowledged in a note to investors that its second-

Here's What You Should Know About Short Selling

It is normal to believe, when contemplating an investment, that you would profit if the value of your asset grows and lose money if it falls. Short selling is an advanced trading technique. Short selling is the sale of an asset with the anticipation that its price will fall in the future. What Is Shortselling? Short selling, or shorting, is an investment strategy used when an asset's price is predicted to drop. You are short because you lack the funds to acquire an asset that you can resell for a profit; you are short. The correct meaning of crypto currency and token is something else that many persons have recently been compelled to understand. Let's shed some light on this topic! In the cryptocurrency sector, "token" is a common phrase. Bitcoin may be referred to as a "crypto token" or something similar because, technically, all crypto assets might be considered tokens. Progressively, the word has acquired two separate meanings, each of which is common eno

Offering NFTS with "Game of Thrones" Funko Pops as a part of the promotion.

The "Game of Thrones" digital collection is the latest addition to Funko's Digital Pop! range. The collection is made up of non-fungible tokens (NFTs), which are virtual collectibles that are designed to look like Funko's stylized figures. The drop, which will be available for purchase on October 4, will feature characters including Arya Stark, The Hound, Jon Snow, and Jaime Lannister from the critically acclaimed HBO series Game of Thrones. Despite the fact that the collection is only obtainable in digital form, each Digital Pop! can be exchanged for a corresponding limited-edition collectable that is made of tangible material. The "Game of Thrones" drop includes a number of redeemable things, some of which include Jaime Lannister, Arya Stark, Jaqen H'ghar, The Hound, Jon Snow, and Daenerys Targaryen with a Dragon Egg. Fans will be able to explore the entire collection beginning October 4 on the pop-culture NFT website Droppp.io, which will offer Standa

Is There a Best Day of the Week to Invest in Cryptocurrencies?

The cryptocurrency market experiences frequent and dramatic swings. In order to maximize their returns, investors often think they need to strategically time their purchases. Timing a cryptocurrency purchase is always difficult due to the fact that bitcoin is traded by investors around the world around the clock. Doing dollar-cost averaging, or buying a little bit at a time over time, is your best bet if you want to invest in cryptocurrency. It's possible that things will even out even if you invest at more expensive intervals than the majority of people. The ebb and flow of the cryptocurrency market varies widely depending on the coin you use to make your purchases. There is a chance that tokens will trade in a different way. Can You Tell Me When It Is The Best Time To Invest In Cryptocurrency? Simply put, the best time to purchase cryptocurrency is when you decide to purchase cryptocurrency. By using dollar-cost averaging, you can smooth out (at least some of) your investment'

How exactly do crypto IDOs function?

IDO stands for what, exactly. An Initial DEX Offering, sometimes referred to as an IDO, is a technique that projects can utilize to offer their newly produced crypto tokens to the community by making use of a decentralized exchange. This method is also known as an Initial Decentralized Exchange Offering (DEX). Before issuing a project's native token, a typical IDO provides investors with the opportunity to lock their funds into a smart contract. When a project launches its token at the token generation event, investors receive these new tokens in exchange for the monies that have been frozen until the project is completed. IDOs provide projects with a straightforward and low-cost method to distribute their tokens and collect funds, while also providing investors with a higher level of security than they would receive through an initial coin offering (ICO). Investors who are interested in participating in an IDO are need to have a cryptocurrency wallet such as MetaMask. To join the

The military of the United States to investigate potential cryptographic security risks to the nation

The purpose of the investigation that the military's innovation office is currently carrying out on cryptocurrencies is to identify the threats that the proliferation of digital assets poses to the integrity of the judicial system as well as the safety of the country as a whole. The Defense Advanced Research Projects Agency usually referred to as DARPA, will be in charge of conducting the study, which will endure for an entire calendar year. The Defense Advanced Research Projects Agency (DARPA) is credited with developing the very first technology that supported the internet. The corporation will supply the Pentagon with tools that offer a comprehensive view of the inner workings of cryptocurrency marketplaces. This move is being made in order to aid law enforcement in putting a stop to the illegal utilization of digital assets. Mark Flood, a program manager for the organization, said in an interview with The Washington Post that the ongoing research "involves mapping out the

Google Joins in on the Exciting Ethereum Merge Conversation with a Clever Easter Egg

Google, a global leader in information technology, has introduced a new countdown timer on the internet in order to show its support for the Ethereum Merge, which is scheduled to take place in the near future. When you use the search engine and type in any version of "Ethereum Merge" or "The Merge," you will see a countdown ticker that provides an estimate of the amount of time that is still remaining before the Merge based on the current difficulty, hash rate, and merge difficulty. As the date of the Merge grows closer, there is a cartoon of two happy pandas sprinting toward one other with their hands extended. According to the legend, the pandas will become closer together as the date approaches. Sam Padilla, a developer for Google Cloud, tweeted on Friday that the timer was "a nice little surprise" and that it was a way to show their appreciation for "the work that has been going into this for years." Sam Padilla said this in response to a que

In other words, what does it mean when someone says that something is a "double top"?

When an asset reaches a high price twice in a row with a small price decrease in between, a double top, a highly unfavorable technical reversal pattern, occurs. It is common for the financial markets to see two peaks at once. When the asset's price drops below the low point between the two prior highs, this pattern is verified. The Meaning of a Double Top. The formation of a double top may indicate a shift in an asset class's medium- to long-term trend. Above is a chart depicting the double top pattern that formed in shares of Amazon.com, Inc. (AMZN) between September 2018 and October 2018 at a price of $2,050. In this case, the amount of backing that grew to roughly $1,880 was really significant.  The double top was not verified until the price of the stock dropped below $1,880, even though it had fallen by about 8% from its October high. After that, the share price fell progressively, eventually settling at a level nearly 31% lower than its previous high. Using Netflix Inc. (

What Are Some of the Benefits Associated with Having a Double-Top Pattern?

Recognizable shapes that appear on a chart as a result of the values of securities at a variety of points in time are called patterns. A line that connects numerous price points across time, such as opening prices, highs, and lows, indicates a pattern. These price points can imply a pattern. It's possible that these pricing points contain closing charges as well. Chartists make accurate forecasts about the future direction of prices by analyzing data patterns and using those patterns to draw conclusions. Patterns, which are the most important part of technical analysis, are what make up the basis of this discipline. There are a number of different trading patterns that can be used to determine if the market is bullish or bearish. What is meant by the term "double-top patterns"? The formation of a double top is an example of a bearish reversal pattern. It is composed of two peaks that are situated on a support level that is referred to as the neckline. If there is a robust

How Can One Improve Their Mental Approach To Trading?

Trading psychology examines traders' mental states and how they affect their trading success. Trading psychology is a person's personality and conduct that affects their trading. Trading psychology may be as important as knowledge, experience, and talent in determining success. Self-discipline and risk-taking are crucial to trading mentality. A trader's execution of these factors is crucial to their trading plan's success. Trading psychology involves fear and greed. Hope and remorse also influence trading. 1. Calm Your Thoughts You must be able to concentrate on a lot of information while trading in a market that moves swiftly. Avoid distractions. You should meditate, go for a stroll, or go to the gym before you start your day. Mind follows body. Physical changes reset your psyche. 2. Imagining Your Trade Adrenaline can overload. especially for beginners. You may panic when your money is at stake. You should get ready for this. Like athletes, practice before a game. Spe

Stop the Bleeding, Dollar Bulls Are Back! This Week's Prediction

The Euro to Dollar exchange rate held its ground for much of the week, but it ultimately ended the week at around 0.9750, down from its opening level of roughly 0.9800. Wall Street saw huge gains to start the fourth quarter, while government bonds continued their upward trend from the previous week. Risk-taking appetite is helping the EUR/USD. Investors anticipated that central banks will slow the rate of quantitative tightening in anticipation of a global recession. Such expectations and the demand for high yield assets were bolstered by the Reserve Bank of Australia's (RBA's) 25 basis point cash rate increase, which was less than expected. However, the positive energy was short-lived. On Wednesday, the value of the euro began to fall as the European Union recommended more sanctions against Russia for its invasion of Ukraine in February. To punish Russia for its illegal takeover of the Ukrainian territories of Donetsk, Luhansk, Kherson, and Zaporizhzhia, the international comm

What is meant by the term "rising wedge"?

A rising wedge is a bearish chart pattern that consists of two trend lines that meet in the center. The trend lines of the rising wedge meet at an angle. The trend lines move upward before eventually converging into a single point. The first trend line connects the most recent higher highs and lower highs, and the second trend line connects the most recent lows. Both lines are connected by the third trend line. The form that was produced resembles an inverted triangle in its overall appearance. A falling wedge is a pattern that results from a rising wedge. Due to the fact that the lower trend line is steeper than the upper one and the low is higher than the high, the rising wedge formation has the potential to be interpreted as a bearish wedge. The only elements that are distinct are the angle formed by the triangle and the significance of the pattern, despite the fact that the falling wedges all have the same general outline. Because it forecasts that prices will continue to fall or t