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| February 18, 2018

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Crypto Trading in 2018: New Strategies, Bigger Crowds and Diminishing Returns

February 17, 2018 |

Crypto Trading in 2018: New Strategies, Bigger Crowds and Diminishing Returns

The cryptocurrency landscape has changed significantly over the past 12 months. Gone are the guaranteed returns of 5x, 10x or greater on ICOs, as a growing number of investors clamor for a piece of the pie. New coins, new forks, and new airdrops have created a competitive marketplace characterized by diminishing returns and reduced profits. The best traders are still able to claim the lion’s share of the rewards though, leaving the rest to fight it out for the scraps.

Also read: Telegram Followers – The New Metric for Cryptocurrency Success

Welcome to 2018, Where 20% Is the New 20x

Crypto Trading in 2018: New Strategies, Bigger Crowds and Diminishing ReturnsUp until last year, the best performing ICOs could be expected to net investors an easy 10x profit by flipping tokens the moment they were listed on an exchange. 2017’s best performers include Spectrecoin, which has provided a 2,143x return on its token price, Qtum (106x) and Neblio (103x). 2018’s best performer, Bluzelle, in comparison, has managed a mere 5x on its ICO price to date. That’s still a healthy profit admittedly, especially when compared to the sort of single digit gains to be enjoyed in traditional asset markets. But by cryptocurrency standards, 500% is small fry.

There are a number of reasons behind the reduced dividends. For one thing, the world has now caught on. Telegram groups promote the most promising ICOs, while projects that attract rapid community interest are prominently promoted, leaving fewer undiscovered gems. Everyone’s looking for the next Stratis, Dragonchain, or Antshares, and it’s not just crypto investors who are wise to this – so are the ICOs issuing the tokens. The best projects, or rather the ones that are generating the most hype, are able to raise their hard cap, increase the number of tokens issued, and bump up the token price in the knowledge that they’ll still sell out in hours. As notorious Twitter trader and shitposter Romano put it, “20% is the new 2x”.

Big Exchanges Are Triggering Smaller Pumps

20% seems an accurate figure for the sort of price bump that tokens added to major exchanges such as Binance and Kucoin can now expect. Bittrex, which has stagnated for months, has finally begun clearing out some of the deadwood, delisting tokens with low trading volume and replacing them with newer entrants. Its latest addition, Vatoms (VEE), was introduced on Friday, whereupon its price pumped by a modest 20%. Six months ago, the same feat would have seen a token previously only available on decentralized exchanges comfortably double in price.

Crypto Trading in 2018: New Strategies, Bigger Crowds and Diminishing Returns

Sites like Etherdelta and IDEX used to be frequented by more experienced traders on account of the complexities of using them, though the masses are catching on. Etherdelta’s interface is notoriously counterintuitive to use, even after successfully completing numerous transactions, while IDEX is at least a little more user-friendly. It’s not rocket science, but neither is it as seamless as setting a buy order on Binance. In January’s altcoin market, everyone was a winner, with everything from scamcoins to shitcoins pumping, causing newbs to conclude that they’d mastered the art of trading. As the mania dispersed and more bearish conditions set in, many of these newfound “pros” were forced to conclude that hodling was perhaps a safer strategy, leaving the riskier trades to those with the crypto wealth and TA skills to make it work.

100x Leverage Is Not for the Fainthearted

One exchange where it’s still business as usual for the top dogs is Bitmex. Thanks to its margin trading of up to 100x, skilled traders can profit handsomely off even the slightest moves in bitcoin’s price. It’s a high risk strategy that’s not for the fainthearted or the charting illiterate. The best of the best are still doing as well as ever though, with AngeloBTC the Twitter trader currently top of the heap.

Crypto Trading in 2018: New Strategies, Bigger Crowds and Diminishing Returns

The changed cryptocurrency landscape hasn’t entirely disadvantaged new traders and investors of low means. Thanks to the craze for airdrops, in which free tokens are awarded to community members for tasks such as following an ICO’s social channels, it’s possible to net up to $ 500 a month in freebies. It’s not a lot to play with, but with patience and perseverance these meager crumbs can be turned into a respectable pile, aided by a few shrewd trades along the way. The easy money in cryptocurrency may be no more, but there are still plenty of ways for enterprising investors to turn a little into a lump sum.

Do you think cryptocurrency trading has gotten more competitive? Let us know in the comments section below.


Images courtesy of Shutterstock, Twitter, and Bitmex.


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The post Crypto Trading in 2018: New Strategies, Bigger Crowds and Diminishing Returns appeared first on Bitcoin News.

Bitcoin News

CNN

13 dead as Mexican copter crashes in tour of quake area

February 17, 2018 |

A military helicopter carrying officials surveying earthquake damage crashed Friday night in southeastern Mexico, killing 13 people, officials said.
CNN.com – RSS Channel – Regions – Americas

TMZ

Lil Yachty and Offset Surprise Crowd of At-Risk Kids at ‘Black Panther’ Screening

February 17, 2018 |

Lil Yachty and Offset are the latest celebs to join the ‘Black Panther Challenge’ … and they got their crowd of kids pumped up to watch the blockbuster movie. The rappers hit up Hollywood’s El Capitan Theatre Saturday, where “This is Us” writer…

TMZ.com

Couple makes millions off Medicaid managed care as oversight lags

February 17, 2018 |

Norma Diaz and her husband, Joseph Garcia, have dedicated their careers to running a nonprofit health insurer that covers some of California’s neediest residents.

For three decades, they have worked for a Medicaid managed-care plan, Community Health Group, serving nearly 300,000 poor and disabled…


L.A. Times – Business

The Benefits, and Costs, of Higher Metal Tariffs

February 17, 2018 |

Aluminum and steel producers hope tariffs under consideration by the Trump administration will heat up demand for their products, but the U.S. remains an expensive place to make the metals.
WSJ.com: US Business

Parkland Survivor Goes Viral by Calling Out Trump, NRA

February 17, 2018 |

“Politicians who sit in their gilded House and Senate seats funded by the NRA telling us nothing could have ever been done to prevent this, we call BS,” Emma Gonzalez said Saturday at a gun-control rally in Florida. “They say that tougher gun laws do not decrease gun violence. We…
Newser

‘Spiritual Heart of Tibetan Buddhism’ Catches Fire

February 17, 2018 |

A 1,300-year-old monastery “considered the spiritual heart of Tibetan Buddhism” caught fire Saturday and may have suffered serious damage, the AP reports. Images on social media showed flames visible from hundreds of yards away covering a roof of the Jokhang monastery in Lhasa. According to Reuters , no casualties were…
Newser

PR: Hybrid Blockchain XinFin ICO Enters Second Week, Announces Institutional Partnerships

February 17, 2018 |

Hybrid Blockchain XinFin ICO

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

XinFin’s Hybrid Blockchain ICO was announced last week after launching minimum viable products and ongoing pilot projects with several institutions. The utility coin XDCE offering enters second week.

XinFin, the first of it’s kind Hybrid blockchain platform is entering into the second week of it’s ICO for it’s utility coin XDCE. XDCE is an ERC 20 token that is also 1:1 swappable with the XDC that has utility in hosting masternodes as well as to be used on tradefinex.org platform for Global Trade and Finance beta platform.

Youtube : https://www.youtube.com/watch?v=K-tHZkV6zAs
Telegram : https://t.me/xinfintalk
Token Sale Page : www.xinfin.io
Main Website : www.xinfin.org

“XinFin XDC Masternodes can float tokenized or non-tokenized private subnetworks which can be used by banks, utility companies, communities or enterprises for blockchain enabling and tokenizing their assets. XinFin network is a peer to peer contract platform running on stake based DPOS consensus which can use existing approved payment channels or use XDC as a settlement layer only through approved financial institutions. The architecture makes XinFin fully compliant with laws of the land.” said Karan Bharadwaj, CTO of XinFin.

“TradeFinex.org Platform is the first app launched on the XinFin’s hybrid blockchain platform aimed at bridging the $ 27 trillion infrastructure deficit globally. It is connecting buyers, suppliers and financiers through it’s trusted network of trade associations, financial institutions, policy makers and regulators.” he added.

XinFin launched the tradefinex platform at second peer to peer Digital Asset summit organized by Assocham in India and extended the platform to over 450,000 enterprise members of Assocham. Amongst its institutional tie ups are Global Youth Economic Summit by NM College group that extends the XinFin platform to over 35,000 students of various affiliated colleges. Singapore based Ramco Labs also announced to build hybrid blockchain solutions with XinFin on its XDC01 protocol for global supply chain finance. Upcoming major global expansion includes Canada and Sri Lanka to be announced in the coming weeks.

Twitter: https://twitter.com/XinfinF
Slack: https://xinfin-public.slack.com/
Slack Invitation : https://launchpass.com/xinfin-public

Contact Email Address
info@xinfin.org
Supporting Link
xinfin.io

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Hybrid Blockchain XinFin ICO Enters Second Week, Announces Institutional Partnerships appeared first on Bitcoin News.

Bitcoin News

School Hid Sex Abuse for Decades. Now It’s Paying Up

February 17, 2018 |

For 27 years, Dr. Robert Browne drugged, raped, and psychologically tortured students of Hawaii’s Kamehameha Schools under the guise of psychiatric care, the Washington Post reports. Now 32 of his victims and their families have been awarded what is believed to be the largest personal injury settlement in Hawaiian history,…
Newser

Winter Olympics: Biggest moments in photos from Day 8

February 17, 2018 |

Highlights from the 2018 Pyeongchang Winter Olympics
FOX News