The hivr wallet isn’t just a wallet – it’s a social media platform for Bitcoin BCH

Hivr which is still under the beta testing mode for Android has attracted many eyeballs due to its unique offering of – a wallet, native tipping, a social news feed, and an instant messaging platform. The best feature is posting of social media post/status for free.

Once the user has registered, he/she can configure their interest, post that a BCH wallet is created for the user.  The wallet allows individuals to share posts to their feed and accepts GIFs, photos, media files, text posts, and URLs. The instant messaging feature will enable users to interact one on one or initiate a group chat. Under every post is a “gift box,” which allows a user to tip BCH to others.

Read more at coingeek

Trading Bots – Could they help in Crypto Margin Trading?

Most of the crypto Traders look for passive income owing to the nature of the market. The market shifts are so random and quick that an investor could lose all his money if he did not act on time, that’s where Trading bots come handy and have been evolving in functionality and sophistication. Our post of today would talk about the trading bots and their role in Crypto Margin Trading. Let’s get started –

What are Trading Bots?

Just as Algorithmic Trading is used by the buy-side in equity, currency or commodity markets, Trading bots that first appeared in FX or foreign exchange market, are now making their way into the cryptosphere.

A Trading Bot is nothing but a piece of code or software or a computer program that takes various indicators as inputs, analyzes the trends and market sentiments, and automatically executes your orders. Bots are a unique form of Artificial Intelligence or AI that answers your queries, shares information, perform actions and you may even not now it’s a computer program.

Bots are designed to improve over time, based on their past decisions and results they have the intelligence to refine themselves and provide precise answers/appropriate action.

Rewards of Trading Bots

One of the primary advantages of Bots is the reason for their evolution. They came into existence to make quick and precise decisions. We all are well aware of the fact that crypto world never sleeps and even a light rain shower could move the candlestick up or down, so irrespective of whether the trader is active or passive he needs to be watchful and be alert and active 24*7 is humanly impossible, then why not ask a piece of code to work for us.

Bots are the “trader” that knows the necessary data, patterns and exactly when to trade — and when not to.

Risks of Trading Bots

While Trading Bots help you to analyze patterns and get insights to indicators, they do not help you to choose trades. Which trade to pick is something you as an experienced trader need to learn yourself. So, it comes with a risk of what if you chose a wrong trade and the bot would only take it a step further may be towards gain or loss.

Another disadvantage that is associated with Trading bots is given the nature of the market; the program is yet not mature to know all the combination and probabilities of an event happening and make a decision that shows a gain. The technology is evolving, and so they need to have a working knowledge of how the market works to make the right decisions.

Trading Bots assisting in Margin Trading?

There are many Trading bots available on crypto traders to assist with Crypto Margin Trading, and each has their own distinctive features. Listing down few of them based on the popularity [ Please use these strategies at your own risk]

Optibot Margin

A premium strategy can be used at Bitfinex and Poloniex follows early trends rather than predicting the future. The bot will buy when the market is gaining momentum and sell when it’s dropping. You can know about its features and uses here.

 

Wave Trader Margin

Another premium strategy that can be used at Kraken, Bitfinex, and Poloniex is a trend bot that has built-in safe scalping. For the novice, it can be run on default settings with minimal effort. The strategies have been tuned across many coins and exchanges. You can know about its features and uses here.

While the Trading Bots sound like an effective trading strategy, it is challenging to gauge their actual performance, and no bot provider would ever provide this. In Arbitrage trading, these bots could be quite useful and have a distinct advantage as they can quickly learn about the slightest price movement and make a decision and keep scanning for such price differences across geographies. However, as the strategy gets complicated and affected by more inputs, it gets tough to rely on a computer program entirely. So, make sure to trade cautiously and be fully aware of the actions performed.

Nexo adds support for Bitcoin Cash

Nexo, the crypto lending firm from Switzerland has announced adding support for bitcoin cash [BCH] as a plan to expand their service offerings. Quite recently the firm added Ripple’s XRP and now support Litecoin and bitcoin cash. The coins BTC, ETH, BNB, and NEXO, would grant cryptocurrency holders the ability to borrow anywhere from $1,000 – $2 million. In case the user requires access to capital, rather than selling their Bitcoin Cash, individuals can lock Bitcoin Cash in the NExo Platform, before retrieving their coins once their loans have been repaid.

All the BCH holders will be able to stake their cryptocurrency as collateral and obtain instant funding in more than 40 fiat currencies.

 

Read more at bitcoinschannel

Four Facts of Crypto Margin Trading

Crypto Margin trading is rewarding as well as risky, while the investor needs to be smart and familiar with the basics he also needs to be aware of basic facts about crypto margin trading. Sample this –

You are an investor putting money worth $10,000 in cryptos and couple of days later the same $10,000 is valued at $20,000, and a few days later the investment is just $200. It’s insane! Isn’t?

Hence, it gets crucial for investors to know the basic facts of crypto margin trading. Let’s get started –

Facts of Crypto Margin Trading

Experience Pays

You could be next Vitalik Buterin, but margin trading needs only veterans. The investor should know the rules of the game. The world of cryptocurrency and on top of it applying margin trading strategy is a risky approach, and hence best suited for experts. Reading a book or a Reddit comment that says how I made $10,000 via crypto margin trading could be fabricated stories with no supported base. Hence before making any investments gain experience, get trained, acquire skills and then jump onto the arena.

Start Slow

Being a pro does not entitle you to opt for higher levels of leverage. With crypto margin trading, the mantra is – BE A TURTLE. Effective risk strategy is essential but starting slow is also much more crucial. Start by using a lower level of leverage and do not put a massive investment from day one, estimate your loss in case the market isn’t expected as you speculated.

IF you are trading too much in the crypto world that is a highly volatile market, it can even lead investors losing 200-300 BTC in a few days.

Risk Management is critical

Starting slow is one of the active risk management strategies and so is the option of using a stop loss. It boils down to “How much you can lose”? So if you bought bitcoin at $10,000, you could set a stop loss order at $8,500. It would help in limiting your loss to $2,500.Be very cautious while using stop-loss as a risk management tool, because if you set a price too close to buying price, you may lose and put a stop occur before any profit is seen. Or if you select a broader range that could also result in substantial losses. Read more here at Five Crypto Margin Trading Tips Investor Should Know

 

Cushioning is prime

Last but not the least is never ever put all your money on a single trade, even though you are 200%sure of returns. Make sure to keep some spare cash for unforeseen circumstances and when the market is not on your side.

Do you have any fact to share about Crypto Marin Trading? Feel free to post on our twitter page here.

 

References

Finder, Coinsutra, cryptopotato

 

Shipping MCO visa cards – crypto.com

Crypto.com previously known as Monaco, the payment and cryptocurrency platform announced that they have initated shipping of MCO Visa cards to its users in Singapore. The MCO Visa cards are a range of prepaid cards that gets easily linked to the mobile crypto wallet app. Talking about the features, the firm stated- a metal design with no annual or monthly fees. There are also free ATM withdrawals, tap-and-pay functionality and even airport lounge access for certain card types.

Read more at sludgefeed.

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