SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger

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This topic contains 28 replies, has 1 voice, and was last updated by  SIGEN 5 days, 19 hours ago.

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  • #27928

    SIGEN
    Participant

    SIGEN is a platform for trading cryptocurrency for any fiat currency in the world. Our name is derived from two words: SIGma + ENergy. Sigma (Σ) is the name of a Greek symbol that signifies knowledge. Energy is associated with vitality and constant movement forward.

    Our platform gives you 3 options all in one place:

    – Trade on an exchange. Trade cryptocurrency with others and earn money on fluctuations in the exchange rate. We charge a minimum fee and allow you to withdraw the cryptocurrency automatically and without any delays
    – Buy/sell cryptocurrency for fiat money on our P2P platform. Your transactions are protected by ESCROW and Social Trust Scoring. You can use various currencies and payment systems.
    – Exchange currency rapidly in 1 click without signing up. Use our exchanger to buy/sell cryptocurrency at the current exchange rate without bothering with trades.

    In addition to minimal fees, safety, convenient and fast transactions, and automatic withdrawals, you will find online 24/7 support, the ability to create orders with multiple offers, a double affiliate program, and much more.

    SIGEN is next-generation cryptocurrency trading!

    Start trading right away SIGEN.pro

  • #27951

    SIGEN
    Participant

    PRIZM (PZM) – now on SIGEN!

    Dear friends, we’ve got great news for you – a new cryptocurrency has been listed to be traded on our exchange, P2P platform and instant exchanger. The SIGEN platform has added PRIZM (PZM) to its portfolio. This cryptocurrency has a fast-growing audience and unique features.

    PRIZM’s Features and Advantages:
    – Rapid transactions. Block generation in the PRIZM network takes only 59 seconds. It’s a lot faster than for most other cryptocurrencies.
    – Fixed fee – 0.5% of the transfer amount, but no more than 10 PZM. While other tokens use a floating fee for all transactions, in the PRIZM network the fee is fixed on the level of 0.5% of the transfer amount. However, once the fee reaches 10 PZM, it’s fixed on this level and does not grow regardless of the transaction size. In other words, even if you make a transfer of 10,000,000 PZM, you’ll still be charged with a fee of 10 PZM.
    – Paramining Based on Proof-of-Stake. This is a unique and easy way to mine new coins developed specifically for PRIZM. Paramining does not require powerful computers, and the reward depends on the account balance. The more coins a miner owns, the bigger the reward is. To start paramining, you only need to transfer tokens to your account, and coin mining will start automatically. All you will have left to do is watch your account balance grow continuously.
    – Partnership Program. Paramining also allows you to get a reward for bringing in new users which is not an option with other cryptocurrencies. If you build your own structure, your reward for paramining will rise. The more tokens your referrals own, the bigger your reward will be.

    More about PRIZM (PZM) – http://en.prizm.club/
    Start trading now! – https://sigen.pro/trading/PZMBTC

    P. S. Please note that we have no fees charged for cryptocurrency deposits/withdrawals while the transaction fee is just 0.1%.

    • #28231

      SIGEN
      Participant

      Pumping: what it is and what to do

      The unregulated nature of the cryptocurrency market allows crypto traders to engage in so-called “pump and dump” schemes, i.e. buying up and selling off cryptocurrencies on a large-scale.

      What does “pump and dump” mean in simple terms?

      A pump (pumping) looks like a sharp increase in a cryptocurrency’s exchange rate. At some point, after the coin has reached a very high price relative to the beginning of the pump, the price of the coin falls sharply. This is called dumping, or a dump.

      A pump and dump can be orchestrated by even one user on a single exchange if he or she has enough money to start mass buying followed by a massive sell-off.

      But, of course, truly large-scale pumps are organized by groups of traders who coordinate their actions in advance and start manipulating the market at a specific time. The current “gathering place” for pumpers is social networks, where they special groups that coordinate their actions before and during a pumping / dumping operation.

      Pumping is planned in advance and follows as scheme like this:

      – “Positive” news, whether fabricated or overblown, is published on informational websites;
      – Everything possible is done to bolster potential investors’ interest in the breaking news;
      – More and more inexperienced traders are brought in;
      – The novices’ hopes of price growth are stoked.

      How to recognize pumping

      The start of pumping can be easily seen on a particular cryptocurrency exchange based on users’ activity in the local chatroom. Experienced traders start telling unbelievable stories about how the coin rate is growing and is about to start growing even faster, and that you need to buy it as soon as possible.

      Before the pump, traders push cryptocurrency price so high that inexperienced players do not believe it might fall, so they continue to buy as the exchange rate rises. At some point, the pumpers stop buying, but inexperienced traders continue. Then the pumpers sell everything at a high price, and the exchange rate goes down. Then, inexperienced traders panic and sell what they bought. Thus, pumping “victims” buy high and sell low. Meanwhile, the pumpers make a profit.

      Follow the rules!

      Inexperienced trader don’t have to lose money during pumping if they follow a few rules.

      – Don’t buy coins if the rate has instantly increased by more than 20%.
      – Don’t sell coins after there has been a brief price surge followed by a decline or contraction, since it will likely be followed by growth.
      – Don’t believe sensational news, especially if traders are spreading it in chatrooms.
      – And, of course, don’t use all your savings to buy coins when the price rises.

      In any case, whether or not pumping is happening, cryptocurrency trading requires caution, experience, and common sense. So consider each step carefully. We wish you successful trades and profitable investments!

    • #28323

      SIGEN
      Participant

      What is an Order Book on the Cryptoexchange?

      An order book is a serious and efficient tool that can be used to analyze the cryptocurrency situation. This is how it works.

      Buying and selling

      The order book is a visualization of bids and asks on the exchange. It provides you with in-depth information about the correlation and volume of cryptocurrency demand and supply in real time.

      On SIGEN the blue part (green or other colors on other exchanges) of the order book shows Buy Orders. The red part shows Sell Orders. Consequently, the market price is most often between the best sell price and the best buy price.

      Information in the order book reflects the depth and sentiment of the market and can be used to make pretty accurate forecasts regarding cryptocurrency price movement. The order book shows the biggest orders that can be used to make trading decisions.

      Pricing

      The order books allows you to simultaneously see two price categories: the topmost Buy Order reflects the highest price buyers are ready to pay for cryptocurrency while the topmost Sell Order reflects the lowest price sellers are ready to sell the asset for.

      For instance, the price in the order book is fixed the following way: when cryptocurrency is sold at a favorable price, it’s replaced by another order with the ask price higher than in the previous order. Transactions follow one another, with each subsequent one more expensive than the previous one. With falling prices, the situation is similar, except that the buyer creates a low-price order and when this order “plays out”, another order is created, with an even lower price.

      As a rule of thumb, picking the entrance point with the help of the order book works best for players who aim to hold their positions over some trading sessions.

      Whatever purposes you are to use the order book for, you should do so carefully. Why? We’ll tell you in our next publication.

  • #27982

    SIGEN
    Participant

    Using Exchange on SIGEN Platform

    The SIGEN platform has its own cryptocurrency exchange with easy-to-use and convenient functionalities. You can use it to make profit on price fluctuations. Buy cryptocurrencies at one price and sell them at another price to make money.

    How do I start trading?

    First of all, fill up your exchange account. To do this:
    – Click the profile icon in the upper right corner of the page to open the menu. In the Deposit/Withdrawal section, select the line with the appropriate cryptocurrency wallet and click it to see your one-time address to deposit funds (the address will automatically change after each deposit).
    – Transfer funds to the indicated address and wait for the proper validation of the transaction in the blockchain for the transfer to be deposited on your account.

    After the transfer is completed, you can start trading on the exchange. Navigate to the Exchange section and create an order with the terms you want. To do this:
    – Select the cryptocurrency pair of your choice in the upper right corner of the page.
    – Create a buy or sell order. Click the amount next to the Available label, and the system will automatically make a calculation for the entire amount based on the current market price. If you want to change the price and the amount, do so manually. You can also create multiple orders with varying terms.

    Please note: you can buy/sell cryptocurrency instantaneously if the Buy orders and Sell orders columns already include orders that comply with your terms. If currently there’s no match, your order will need some time to work — you’ll need to wait for other exchange users to respond.

    An order may require one or multiple transactions to work, depending on the market demand. After each transaction, the appropriate amount will be displayed on your balance.

    As you can see, using the SIGEN exchange is really easy, and your profit may be quite large since cryptocurrencies are very volatile, and their price may change by hundreds of percent in a single day. All you need to do is understand how the exchange works and start trading.

    We wish you successful trading and large profits!

  • #27999

    SIGEN
    Participant

    Traders: Professionals and Amateurs

    A trader is a person who trades in assets, such as cryptocurrencies, on their own initiative. They do this at their own risk and peril to make profit.

    Trading is not an easy occupation; it’s based on conducting trading transactions in order to make money. Traders deals with all kinds of assets: securities, precious metals, raw materials, options and futures, currency and cryptocurrency. They must be able to obtain and properly analyze incoming data, correctly respond to market changes and avoid falling into despair if their actions have been unsuccessful. Key traits for a trader are attention to detail and patience.

    Types of traders

    There are multiple trader classifications: in terms of strategy, behavior on the market and trading psychology. You already know some types of traders: bulls and bears, whales and hamsters. All traders may generally be divided into two big categories: professionals and amateurs.

    – For professional traders, trading is a job that generates an income for them. Most often they have economic or financial education, work in investment funds, brokerage firms or banks. They can also work independently. Their decisions are the most informed and educated; they rarely fail and know how to make profit regardless of market performance.
    – An amateur is a trader with no specialized education who regards trading as an additional means of making money. An amateur trader may also be successful if they know how to follow their instinct and contain emotions. Ultimately, an amateur may become a professional.

    What trader category do you think you are in?

  • #28003

    SIGEN
    Participant

    One of the most common crypto traders’ complaints is high transaction fees in many crypto exchanges. But it is not about SIGEN.pro. SIGEN.pro has no fees charged for cryptocurrency deposits/withdrawals while the transaction fee is just 0.1%.

  • #28018

    SIGEN
    Participant

    What is a Node in a Cryptocurrency Network?

    A node is, in essence, any computer connected to the blockchain network and using the P2P protocol. Nodes use this protocol to communicate with each other distributing information about transactions and blocks across the network. Strictly speaking, nodes are the key component of the blockchain network.

    Nodes may be lightweight and full

    A full node is any computer that is fully synced with the blockchain network. Each full node has a copy of all blockchain data — starting from the genesis block and ending with the last generated block — on its hard drive. After each new block is created, information is updated, i. e. it’s always up-to-date.

    A light node is also fully synced with the network, but it does not store all the information from the blockchain on its hard drive — it only services the network. Most nodes in the network are lightweight; however, full nodes form the backbone of the network.

    What are nodes for?

    All nodes support network operations: they automatically validate transactions and generate new blocks while protecting the network from fraudulent activities. In many networks, node owners (miners) are rewarded with new coins that are generated with new blocks.

  • #28030

    SIGEN
    Participant

    How much should I invest in cryptocurrencies?

    What one feature of cryptocurrencies must an investor take into consideration when deciding on an investment strategy. This is volatility.

    Pros and cons of volatility

    Volatility, i.e. fluctuation in value, is both a pro and a con of cryptocurrencies. The downside is that the price can collapse, precipitously and very rapidly. In an instant, investments can bring losses instead of profits. The upside is that the price can also skyrocket. Insignificant investments can multiply not hundreds, but thousands of times.

    However, over the long term, the price of cryptocurrencies is unequivocally rising, and this is certainly a plus. At least the leading cryptocurrencies, such as Bitcoin and Litecoin, have been showing steady growth for several years now.

    Basic investment strategies

    Thus, there are two basic strategies for investing in cryptocurrencies:

    – Make long-term investments of no more than 20% of your monthly income, according to experienced investors. It is best to do this at regular intervals, such as once a month. Another option is to invest a large lump sum (available money) somewhere for at least a year. And don’t forget your wallet password!

    – Make short-term investments in the hope of rapid price growth and with a high risk of losses. In this case, investing is more like gambling, so you should never invest an amount which, if lost, would worsen your quality of life. It should be an amount that you can afford to lose painlessly. You can also invest saved money that you normally would have squandered on all sorts of trifles, alcohol, games, etc.

    You decide which strategy to use, but be sure to carefully weigh the pros and cons. We wish you success in your trading and investments!

  • #28066

    SIGEN
    Participant

    Google Authenticator is the most reliable two-factor authentication method

    The SIGEN cryptoexchange offers users 3 forms of two-factor authentication: email, Google Authenticator, and a table of printed paper codes.

    Google Authenticator (GA) may be called the most reliable of these methods.

    Why is Google Authenticator best?

    – With email confirmation, users are still vulnerable. For example, if an email account is not protected by a strong password, hackers may access it and thereby be able to break into your SIGEN account. Additionally, many people use the same password on multiple websites. GA confirmation eliminates this problem. Google Authenticator generates a new code every 30 seconds. Moreover, you have the device with the GA program on your person. Hackers don’t have enough time to read, calculate, and enter the required code.

    – Confirmation using a table of printed paper codes may have risks. For example, you might lose the printed sheet of codes, or a malicious party might discover the codes and exploit them. Once again, GA confirmation eliminates this problem. Of course, a would-be attacker near you could secretly observe the genearted code, but, as we already mentioned above, he or she would not have enough time. Suppose an attacker knows your username and password and has secretly seen your code. He is unlikely to have enough time to get to his device and enter all the required information, because the code he lifted will become invalid after 30 seconds. And he would have to remember the code correctly. Furthermore, it is not so convenient for users to hunt to find the required code on a sheet of paper and constantly safeguard it.

    If you lose access to the device with GA and cannot get into your account, know that each account on the platform also has a Security Code that you can use to change the 2FA method, if necessary.

  • #28084

    SIGEN
    Participant

    What’s the best way to buy the leading cryptocurrencies?

    Many novices start buying the leading cryptocurrencies (BTC, LTC, etc.) when their prices surge upward. For example, the exchange rate rises rapidly when there is good news or favorable forecasts, i.e. based on what media outlets are saying. This strategy is fraught with huge risks and likely to result in financial losses.

    Buying cryptocurrency when the exchange rate peaks is a typical mistake made by rookie traders. Why?

    Practice has shown that a sharp rise in the exchange rate is always followed by a decline—an unavoidable correction. As a result, the novice suffers losses. Will the novice every come out ahead? That’s the question.

    The wrong way

    When you purchase cryptocurrency at the top of the market, the price begins to fall and you will always experience losses. You see that you’re losing money and begin to panic, which leads you to do something even worse: in your panic, you sell all your cryptocurrency at a lower price in order to preserve at least some of your money. After a while, the market stabilizes and the exchange rate again starts to rise. And you could have made up your losses and could have even come out ahead, but you don’t have any cryptocurrency because you sold it at a loss.

    The right way

    You need to buy the leading cryptocurrencies when the price is falling. That is the right strategy. And don’t be afraid of negative rumors that a drop in the exchange rate means a cryptocurrency is experiencing a full collapse. Take bitcoin as an example: how many times have naysayers called it a bubble and predicted its demise? But it continues to grow, albeit with fluctuations that can be significant at times.

    That’s why you should buy cryptocurrency when the exchange rate is falling for external reasons or when it is correcting after a big surge upward. That’s the best time to buy. After all, the market always begins to rise after a correction.

    Why is this the rule specifically for leading cryptocurrencies? Because little-known coins can surge at any time, and their exchange rates can experience steep and long growth. Buying them when they begin to grow rapidly can still prove to be very profitable. But remember that buying unknown coins is a big risk, but it does offer the possibility of huge rewards.

    Conclusion

    A successful trader must know how to buy leading cryptocurrencies when everybody is selling, and to sell when everybody is buying. That is precisely the strategy employed by investors who have used their skills to amass considerable wealth. Follow this rule and come out ahead!

  • #28110

    SIGEN
    Participant

    How to properly diversify your cryptocurrency portfolio

    When investing in cryptocurrencies, it is important to achieve the right balance. Proper diversification of your cryptocurrency portfolio lets you increase investment profits and minimize potential risks. In other words, you need to distribute your investments correctly.

    How much should be in the portfolio?

    According to analysts, diversification is helpful for investors working with sums starting at $500. With smaller amounts, distributing your funds doesn’t make much sense. Of course, you could work with amounts such as $100, $50, and even $1. But creating a portfolio this way is not the best idea.

    So if you haven’t yet reached the $500 mark, just keep saving more money. However, nothing is stopping you from thinking ahead about diversifying your future cryptocurrency portfolio.

    Strategy to create a portfolio

    As a rule, a diversified portfolio has three types of investments:

    Low risk – Investments in bitcoin and other established coins among the top 10 cryptocurrencies, such as Ethereum or Litecoin;
    Moderate risk – Investments in cryptocurrencies with high market capitalization; these are usually cryptocurrencies in the top 30;
    High risk – Investments in cryptocurrencies that have recently appeared on the market and do not yet have a reputation or trust in the crypto community.

    As for the ratio of these types of investments, most investors use the following allocations: 50%/30%/20% or 60%/30%/10%. This is the distribution they consider to be the best.

    Your portfolio will need to be adjusted

    Once you have created a portfolio, you can’t just forget it and always make a profit. In fact, you must not forget about it, because it will need constant adjustment and additional investments. The cryptocurrency market is dynamic, so you need to carefully track your portfolio and regularly run the numbers. This is the only way to confidently stay afloat.

    Good luck!

  • #28127

    SIGEN
    Participant

    Key Concepts of the Bitcoin Network

    Bitcoin is a whole virtual world. To find a way in this world, you need to know the key concepts. Today, we’ll tell you all about blockchain, blocks, nodes and mining.

    Block

    Blocks in the Bitcoin blockchain are, in essence, registers that contain both information about each particular transaction (transfer) and information about all network transactions. Each block has a fixed size which imposes certain restrictions on the Bitcoin network operations.

    Blockchain

    This is the cornerstone of Bitcoin. One might as well say that it was not Bitcoin that created the blockchain — rather, it was the blockchain that created Bitcoin. All types and kinds of existing blockchains are based on the Bitcoin blockchain. Blockchain is, in essence, a linked chain of blocks, which one block following another chronologically. A block in the Bitcoin network is no more than 1 MB. Overall, the entire Bitcoin network is about 142.5 GB.

    Mining

    Mining is a process of supporting network operations and generating bitcoins. It involves solving mathematical problems — hashes — by making calculations. When the right answer is obtained, new blocks are created and new coins are generated. The process is automatic and uses special software. In the first few years of Bitcoin’s existence, mining could be carried out using regular computers, but now it can only be done using specialized powerful equipment. Bitcoin is virtually not mined by separate users — it’s a real industry: huge “farms” with maintenance costs amounting to the biggest part of mined coins.

    Miner

    Before traders and investors owning huge amounts of bitcoins appeared, miners were dominating the Bitcoin network. But even now the network’s very existence depends on miners since their main functions is validating transactions, adding new blocks into the blockchain and generating new bitcoins which are then given to them as a reward after hash is calculated. The reward is large — 12.5 ВТС per generated block. In addition, miners receive the fees paid by other network users for transaction validation.

    Node

    A node is any computer in the Bitcoin network (where mining is “enabled”). Miners use nodes to support network operations. Each node stores a copy of blockchain and verifies the block chain sequence against that stored by other nodes on a continuous basis. If a node finds a block that does not correspond to the block chain sequence in the network, this block is rejected and is not included into the blockchain. This principle explains the invulnerability of Blockchain that cannot be hacked and modified.

  • #28171

    SIGEN
    Participant

    Cryptocurrency Trading: Where to Start

    Investing in cryptocurrencies attracts more and more people, as does cryptocurrency trading. However, before entering the cryptocurrency market, one should do certain things to create a solid base for further success.

    Sources of knowledge
    First, you need to try and find out as much as possible about the blockchain, cryptocurrency, crypto market — study all materials you possibly can. But don’t delve too deeply into the technical details and blockchain history — focus on the financial aspect instead. You can find abundant information on YouTube, Telegram channels, etc.

    Storage for money
    When working on the crypto market, you must select a storage for your coins. Historically, cryptocurrency exchanges are not a safe place for storage — they’re prone to technical glitches, hackers carry out successful attacks on them, exchange management can even change the rules at their discretion. This is why a more reliable option is a wallet or multiple wallets on computers that must also be copied to the external media. You should, however, retain some money on the exchange — just in case you will need to rapidly react to leaps prices.

    Market gurus
    The key and most influential news of the cryptocurrency market originate with cryptocurrency founders, advanced crypto enthusiasts with multi-million income and successful crypto investors. Among others, they include Charlie Lee, Vitalik Buterin, Roger Veer and about 10 more names. You should follow them in the social media.

    Colleagues
    You should also join chats of cryptocurrency traders. Here you can find practical knowledge about trading and consult experts avoiding mistakes. But don’t trust all of them blindly. First of all, trust what you’ve learned yourself.

    Cool head and iron nerves
    One of the first rules to be adopted by a fledgling cryptocurrency trader is avoiding to trade on an impulse. In other words, don’t give in to excitement or panic. Learn to play cool from the very beginning, stay reasonable casting aside greed and fear.

  • #28227

    SIGEN
    Participant

    70% of cryptocurrency exchanges allow user accounts to have weak passwords. SIGEN does not.

    The creators of the Dashlane password manager analyzed the password requirements imposed by cryptocurrency exchanges.

    They concluded that over 70% of all cryptocurrency exchanges allow users to use weak passwords. This can actually be seen as indifference to users’ welfare, because their savings are at risk: accounts with weak passwords are vulnerable to hackers.

    What is required to make a strong password?

    – A password must be at least 8 characters long;
    – It must have both lowercase and uppercase letters;
    – It must include numbers.

    It turns out that only about 30% of cryptocurrency exchanges and trading platforms fully comply with these requirements. The remaining 70% do not. Moreover, 43% of the analyzed platforms allow passwords shorter than 8 characters, and 34% do not require both letters and numbers.

    Exchanges are unlikely to earn a good reputation with such an attitude toward user accounts. We recommend that you do not open accounts on such exchanges and certainly never keep funds there.

    The SIGEN cryptocurrency exchange cares about your security

    The SIGEN cryptocurrency exchange imposes stringent password requirements that comply with established standards. Additionally, mandatory two-factor identification has been introduced on the platform, as noted in a previous article. These security measures can reliably protect your savings from thieves. Using the SIGEN platform is simple and safe: we care about you!

  • #28237

    SIGEN
    Participant

    PRIZM trading has been resumed

    Dear friends, all issues with the PRIZM (PZM) cryptocurrency have been fixed and it is available for trading again! You can start trading PZM right away!

    PRIZM

    Sincerely yours,
    SIGEN Team

  • #28240

    SIGEN
    Participant

    Trust your money to no one

    Beginning traders often get hooked by “experienced investors” who offer their services regarding some “profitable” investment, promising only profits and no losses. But most of the time, such proposals are cover for amateurs seeking to make money at someone else’s expense.

    Trusting such people puts you at risk of going bust, while your “benefactor” won’t lose anything at all. After all, if the deal ends up being profitable, he gets a percentage for his services, well. If the investment tanks, only you lose since he isn’t investing his own money, only yours.

    Do your own research

    Since the cryptocurrency market is virtually unpredictable, even a truly experienced trader with solid capital can’t say with 100% certainty how a particular coin will behave in the near future. Honest people simply won’t promise you anything. Mountains of gold “no matter what” are usually promised by scammers who have no qualms about profiting from your naivete and trust.

    To stay in the black, study the market yourself and learn to do analysis. Do not succumb to the desire to make money quickly with someone else’s help. Be wise: don’t trust your assets to outsiders; manage your own funds.

    May good profits come your way!

  • #28250

    SIGEN
    Participant

    Bulls Pushing Up: What is the Bull Trend in the Cryptocurrency Market

    The cryptocurrency market is governed by two types of traders — the bulls and the bears. Today, we’re going to review what the bulls do.

    Why the Bull?

    As traders themselves say, if the bull attacks it’s always from the bottom upwards, by thrusting the opponent with its horns and tossing them up. In other words, a bull trend is an increase in the price of cryptocurrencies when the market is kind of pushing the price from the bottom point upwards.

    It’s easy to see that a bull trend is developing — it’s sufficient to have a look at the cryptocurrency price diagram. An upward trend is a sequence of price values, with each subsequent value higher than the previous one. If the price goes up and immediately back down again — this is no trend, it’s a short-term price increase. When, however, the price moves from one maximum value to another, i. e. when the overall price grows fast with slight downward fluctuations, this is the upward — bull — trend.

    What shall I do?

    A trader must be able to see when the market enters the bull trend rather than simply being adjusted. Many traders think that the start of a sustainable bull trend is the best time to enter the market since the stock price is constantly rising.

    Most traders prefer the bull trend as its makes earning a profit easier and faster. When the stock price has been rising for a long period of time, the bulls are said to govern the market.

    One should remember, however, that a trend must persist for at least several days rather than hours. If a trader prematurely views a short-term market move as a long-term trend, they might sustain losses. It bears a special importance on the cryptocurrency market, with expensive cryptocurrencies such as Bitcoin or Litecoin in particular, since the price behavior may change at rapid-fire pace, within a few hours, while losses may be huge. However, if a trader is right about picking up on a bull trend, their profits are going to be high.

  • #28259

    SIGEN
    Participant

    Bears pushing down: what is the bear trend in the cryptocurrency market?

    Last time, we told you about the bulls in the cryptocurrency market. Today, we are going to talk what the bears do.

    The bears attack from above

    Many traders believe that the bears attack their prey swiping its paws downward. Therefore, when the price of the cryptocurrency is falling, and each subsequent value is lower than the previous one, and it is called bear trend. In such situation, people say bears dominate the market and sell their assets.

    Among them, there are many bears who know how to earn on the falling price. However, many participants of the market wait for the approximation to the lowest point of the trend and the further growth. It’s considered a good moment for the entry on the market. Therefore, many people believe that the start of the bear trend is a good time for selling, and the end of the bear trend is a good moment for purchases.

    How to recognize the bears

    The trader should determine the start of a bear market as soon as possible. For that, it’s necessary to see the cryptocurrency price diagram or draw it on your own using two or three points of the cryptocurrency price. One can easily see the downward trend.

    It is just the same as with the bull trend. There’s no need to hurry up and take hasty decisions. If the price is moving down it doesn’t mean the bear trend. It can be just a correction at the market. Wait for several days, then you will be able to determine the presence of the sustainable trend. For the cryptocurrencies market, it’s extremely important as the price fluctuations can occur very quickly, just in several hours.

  • #28264

    SIGEN
    Participant

    Cryptocurrency Trading Strategies: Scalping

    Cryptocurrencies as a trading asset have not been around for long, but many traders have figured out pretty fast that cryptocurrency trading has its own patterns which allow to develop trading strategies. One of these strategies is scalping.

    Basics of scalping

    Scalping is the execution of multiple short-term transactions aiming to make profit on the intraday fluctuations of cryptocurrency prices. Profits made in each transaction are small, but they can compound into a large gain.

    The trader will first carefully study cryptocurrency price trends using charts, latest transactions and the order book. They will then position their orders and closely monitor cryptocurrency behavior to make an instant profit.

    Advantages of scalping

    Scalping uses the high volatility of cryptocurrency prices while decreasing dependence on market trends. In other words, the trader who uses this strategy can make profit in any market conditions: both on the rise, and on the downturn. Even though this strategy requires a great deal of concentration and self-discipline, it can also bring in a fair daily return.

    Trade in Cryptocurrency at Sinen.pronull

  • #28271

    SIGEN
    Participant

    Cryptocurrency Trading Strategies: News Based Trading

    It is rightfully assumed that cryptocurrency prices are strongly affected by news. News based trading is one of the popular methods to trade on cryptoexchange. Let’s have a closer look at some of the fundamental principles you need to adhere to in order to preserve and increase your funds.

    Most traders operate as follows:

    – When news are bad, all traders fear a drop in price and engage in a “sale”.
    – When news are good, they buy cryptocurrency.

    This is an adequate response to news. However, in terms of making profit this is not always the right strategy.

    If you want to make profit, the right strategy would be the opposite one:

    – When news is bad, buy cryptocurrency.
    – When news is good, sell cryptocurrency.

    In this case, you’ll be able to make profit since cryptocurrency price is lower when news are bad.

    Sources

    A lot of beginning investors and traders notice that news have an impact on the Bitcoin price. A lot of them try to trade based on their own interpretation of the news. They soon can see that they suffer losses or fail to make profit by misinterpreting an event.

    The key reason for misinterpreting is using an unreliable source of news or, more often, a source that publishes the news too late for making trading decisions.

    Therefore, you need to find an adequate source of news. One of the best sources is forums and blogs. It’s also important that forum and blog participants share their trading knowledge and experience and analyze errors and problems.

    Local manipulators

    Some players on cryptocurrency exchanges set up groups tasked with initiating cryptocurrency price movement in the right direction. They can have significant means and use them to rapidly increase or decrease the price.

    However, local manipulators don’t need to spend their own funds — they could just make a stir around a piece of news and force traders buy or sell cryptocurrency. This is exactly when manipulators make a profit by making the right bids. If an exchange has a chat, it’s an advantage for manipulators since they can use it to directly influence traders.

    There’s some speculation — though having no proof just yet — that certain global news regarding cryptocurrencies are also initiated by manipulator groups. Operations of some exchanges were even suspended this and last years on suspicion of using insider information.

    Therefore, even if you trust your source, you must always double-check all news, employ analytical tools and compare price movement on various trading platforms

  • #28282

    SIGEN
    Participant

    Cryptocurrency Trading Strategies: Arbitrage

    In previous publications, we talked about some popular trading strategies, such as scalping and news based trading. Today, we’ll tell you about another strategy — arbitrage.

    The arbitrage strategy is when a trader trades on multiple exchanges. They use the difference in cryptocurrency prices on different exchanges and makes a profit on this difference. The trader compares prices on multiple exchanges and calculates the profit: where cryptocurrency can be bought at a lower price and sold at a higher price. In other words, the trader compares the price of the same cryptocurrency on different exchanges and calculates when the profit will be larger.

    Arbitrage is not an easy-to-use strategy, but it’s quite profitable

    This strategy cannot be regarded as an easy-to-use strategy, but such trading can be the most profitable. To engage in arbitrage, you need to register accounts on multiple cryptoexchanges and carefully analyze and memorize their respective functionalities. You need to do it to rapidly respond and not to lag behind when you create buy/sell orders.

    It’s important to correctly calculate fees to be paid for transferring funds between exchanges and to account for the deposit/withdrawal rate. You should also analyze and memorize how prices usually change on specific platforms. Just like with any other strategy, it’s good to master analytical tools, learn how to rapidly and competently read and understand charts

  • #28377

    SIGEN
    Participant

    Movement in the order book: Trend and Manipulation

    As mentioned in the previous publication, the order book may be a useful aid in determining the trading strategy on the cryptomarket.

    Trend

    The information in the order book clearly reflects the predominating market sentiment — buy or sell. You can see how demand and supply correlate. Each trader makes their own decision as to how they are going to trade using the order book data. However, most of them will follow the trend while strengthening it further.

    When the price change dynamics is especially high, aspiring traders must be very careful not to fall victim to the stir around buying at a high price and not to take part in the panic selling of cryptocurrencies.

    The trend may be modified by a big player or multiple players who create very big orders against the general trend. The price may also change under pressure from a lot of traders who simultaneously respond to certain events on the cryptocurrency market, such as the news.

    Manipulations

    Aspiring traders often confine themselves to the order books since the latter visualize things very well, and traders think they don’t need any other tools. This strategy, however, is a mistake.

    The truth is the order book does not show the entire picture of the market:
    – Big players may create false order and later cancel them. This will cause the trader to respond to changes in order book data randomly and incorrectly, thus suffering losses.
    – Big orders with the price being 1 or 2 points lower or higher than the market price can be created for manipulation purposes, to create the feeling a massive buy or sell is about to happen.
    – Some players don’t even create orders — they just store coins on their balance and sometimes use orders previously created by other players; therefore, the order book will not reflect the real demand / supply picture.

    Order books are often manipulated; to prevent it, you need to crosscheck order book data using other tools for price movement analysis or even turn to the order book as the last thing. If price movement seems suspicious, you should compare prices on a few exchanges.

  • #28391

    SIGEN
    Participant

    How Can You See the “Double Bottom” and Use It to “Hit the Skies”?

    A lot of trading players look forward to the so-called “double bottom”. The name derives from a very particular charting pattern. Why this name and what’s interesting about it?

    Chart

    The “double bottom” looks like the letter W. This chart pattern is generated when the price hits a low (the “first bottom”), then rebounds and drops again (the “second bottom”) to finally soar.

    This movement demonstrates that the market is out of balance, with traders fighting to close transactions during the “first bottom”. When the price starts to rebound, some traders open positions, and the price drops. Traders with a good reaction manage to make quite a profit from the W-shaped pattern. Holders, i. e. traders who hold their assets and do not respond to minor market movements.

    The “double bottom” may be forecast even before it starts to form. For example, when a long-term slump in price is interrupted by good news and the price starts to slowly grow.

    Using the double bottom

    It’s important to promptly notice that the “double bottom” is forming: drop – rebound — drop and subsequent price growth. The point is that a part of investors leaves on each curve of this pattern believing that they know how the trend is going to change further. Obviously, they make the same mistake three times before they can see that the price, having gone through the drop – rebound – drop sequence, starts to soar.

    In this case, the most patient players are the ones that win. This patience is based on a better knowledge of how to use the tools for price movement analysis and on not jumping to conclusions.

  • #28419

    SIGEN
    Participant

    Accumulating and Distributing: a Thing or Two About the Accumulation/Distribution Indicator

    The Accumulation/Distribution indicator (AD) was first described by L. Williams in 1972 in his book “How I Made One Million Dollars”. Let’s talk about it in a little more detail.

    AD

    Accumulation/Distribution is a volume-based indicator accounting for the general trend, volume of trading as well as the opening/closing prices and low/high prices. On the plus side, this indicator is synced with the price rather than based on calculating an average value. AD is primarily a trend indicator that both adequately determines the price at the observed point in time and is a useful tool for making forecasts. If selected, this indicator is usually displayed below the main chart of security price movement.

    Interpreting AD

    There’s a mathematical formula that helps interpret this indicator. However, most traders confine themselves to the visual observation since the Accumulation/Distribution indicator is sufficiently insightful in itself.

    The indicator shows that the nearer the closing price is to the high or low price, the bigger share is obtained by the bulls (traders operating for a rise) or bears (traders operating for a fall).

    Accordingly, if the indicator shows the price closing in a downtrend (the indicator value is less than zero), bears are dominating; if the price closes in an uptrend (the indicator value if greater than zero), bulls are dominating. On other words, the market is owned by the former or the latter.

    Moreover, if the trend updates the extreme value (maximum or minimum) while AD does not reproduce this update, it may mean the trend is about to reverse.

    As we can see, the Accumulation / Distribution indicator may be the key indicator for selecting the trading strategy on the cryptomarket.

    SIGEN

  • #28422

    SIGEN
    Participant

    SIGEN Resuming Operation! Lots of Useful Upgrades!

    Dear friends! SIGEN platform maintenance has been successfully completed, and you can resume trading. The website was temporarily down due to a large-scale upgrade that will make your user experience on the platform even more secure, convenient and enjoyable.

    What’s new:

    – Platform security features have been upgraded and taken to a new level.
    – Protection against DDOS attacks has been stepped up.
    – Funds can be withdrawn without password re-entry.
    – The header now includes available funds only.
    – Messages from the P2P trading chat are now also sent via e-mail.
    – The message signing button is now more visible and text-based.
    – The exchanger page has been modified — repetitions have been removed, and infographics link has been added.
    – Non-key sections have been hidden under an icon.
    – The deposit/withdrawal feature has been moved to the “Balance” page.
    – Fees have been moved to a separate column.
    – Lots of visual changes have been made: design improved, bell icon added to the header, new dashboard icon added, balance data visualization modified, button color changed to blue, QR code on the wallet page is now displayed sideways + lots of other minor changes.

    We apologize for the temporary website unavailability, but, as you can see, it was not for nothing. We’re happy to do our best for you. We wish successful trading!

    Sincerely yours, SIGEN team.

  • #28443

    SIGEN
    Participant

    Important Rules of Cryptotrading: No Greed, No Panic

    In one of the previous publications, we already told you about the main rules to be followed by a trader on the cryptocurrency market. Today, we’d like to consolidate this knowledge and tell you about the two key rules to be known by each trader.

    Don’t fall victim to greed

    Don’t fall victim to the desire to earn as much and as fast as possible by buying cryptocurrencies with no regard to the price and the trend. Don’t expect the price to always soar or slump unless analysis tools unambiguously prove it. If an aspiring trader feels the thrill that cannot be analytically explained, it’s time to stop and exit the trade.

    Don’t surrender to panic

    Panic is even more dangerous than greed. It’s harder to tackle since usually it attacks you when the price collapses — it seems you could lose all your assets. However, you often need to stop and exit the trade to avoid becoming a part of panic selling.

    As regards cryptocurrencies during panic selling events, it’s worth remembering that, despite their volatility in the short and medium term, in the long term cryptocurrencies demonstrate a constant growth, and it’s best to be able to trade in the current prices rather than surrender to emotion, sell all your assets and quit trading for good.

  • #28513

    SIGEN
    Participant

    What is a “Short” and a “Long”?

    The terms “long position (a long)” and “short position (a short)” are key concepts for the stock exchange. Despite what their names suggest, these fundamental trading strategies have no connection with the transaction duration.

    Long Position (or Long)

    A long (or long position) is the main method of trading wherein a trader expects the asset to rise in value over short or long term. In other words, the trader buys cryptocurrency “in the hope of growth”. This is what “bullish” traders do. Traders who go long on cryptocurrencies virtually shoulder the entire market preventing cryptocurrencies from falling in price too much.

    Short Position (or Short)

    A trader who “goes short”, i. e. enters into a short position, sells cryptocurrency with the expectation that it will fall in value.

    Short positions allow the trader to make profit when cryptocurrencies become cheaper. In this case the trader borrows tokens or buys them on credit. They sell the tokens at the current price during a downturn and buy them back at a lower price in order to cover their debts. Traders who choose this strategy are “bearish”.

    Experienced traders can make profit on both long and short positions. However, most of them will only opt for one option rather than use both. Please note that long positions are much more favorable for the growth of the cryptocurrency market.

  • #28524

    SIGEN
    Participant

    What is a Node in a Cryptocurrency Network?

    A node is, in essence, any computer connected to the blockchain network and using the P2P protocol. Nodes use this protocol to communicate with each other distributing information about transactions and blocks across the network. Strictly speaking, nodes are the key component of the blockchain network.

    Nodes may be lightweight and full

    A full node is any computer that is fully synced with the blockchain network. Each full node has a copy of all blockchain data — starting from the genesis block and ending with the last generated block — on its hard drive. After each new block is created, information is updated, i. e. it’s always up-to-date.

    A light node is also fully synced with the network, but it does not store all the information from the blockchain on its hard drive — it only services the network. Most nodes in the network are lightweight; however, full nodes form the backbone of the network.

    What are nodes for?

    All nodes support network operations: they automatically validate transactions and generate new blocks while protecting the network from fraudulent activities. In many networks, node owners (miners) are rewarded with new coins that are generated with new blocks.

    SIGEN

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