- This topic has 15 replies, 2 voices, and was last updated 2 years, 5 months ago by Anonymous.
August 15, 2018 at 8:00 am #28228AnonymousInactive
1). 11 languages available: English, Chinese, Russian, Spanish, French, Arabic, Hindi, Indonesian, Burmese, Portuguese, and Turkish.
2). 24/7 operations, no weekends.
3). Regular addition of new cryptocurrencies for exchange.
The following cryptocurrencies are currently available for exchange:
Bitcoin, Litecoin, SPARTA, Ethereum, Ethereum Classic, Bitcoin Cash, DASH, Zcash.
Buy/sell cryptocurrency rapidly and easily at any time:
– Buy/sell in a single click.
– Always based on the market exchange rate.
– No registration required.
– Easy and convenient.
– Ideal for newbies.
How it works:
– Select a pair for exchange.
– Transfer coins to the specified wallet.
– Receive another cryptocurrency to your wallet.
What you get:
– Complete security.
– 24/7 support.
– Powerful servers.
– Tips for newbies and useful publications in the social media.
It’s more than an exchanger!
SIGEN combines 3 platforms in 1: auto-exchanger, exchange and P2P platform.
You can both exchange cryptocurrencies and trade them with other players while making profit from trading and investing; you can also buy/sell cryptocurrencies for fiat money on the Peer-to-Peer basis, with no intermediaries involved.
Buy, sell and make profit from cryptocurrencies.
It’s fast, safe and profitable!
September 2, 2018 at 7:55 am #28251AnonymousInactive
Almost everything can be bought with Bitcoin
And that’s true indeed. Despite constant rumors about the approaching Bitcoin banning, it becomes ever more firmly entrenched in everyday life. It is also misleading to consider it just as an investment tool, since it has already been actively used as a means of payment.
Today you can pay for many goods and services with Bitcoin all over the world
Here are a few examples:
– In Czechia, most auto dealers accept payment in Bitcoins, including a popular Alza – it is the easiest thing to pay here using “digital gold”, while in a matter of minutes.
– Many think that Bitcoin is banned in China; however, reality says otherwise. A lot of stores accept Bitcoins, whereas not hiding it from the government at all. For example, you may buy sports cars with cryptocurrency – right on the stand there are prices in Bitcoin and in the national currency.
– The Knox Group of companies in the United Arab Emirates sells real estate for Bitcoins – houses, apartments, and commercial property. It should be mentioned that it has quite a few customers. In addition, in Dubai it is possible to buy and rent cars using cryptocurrency, which is very popular.
– The Magnum Real Estate, a property management company based in New York, is engaged in similar activity with Bitcoin.
– Tesla electric cars are sold worldwide for Bitcoins. It has already become a kind of the mainstream – to buy innovative cars for innovative money.
– Many European and American airline companies have already been selling air tickets for Bitcoins worldwide. Some of them also offer to pay with cryptocurrency for meals and drinks on board, whereas often with zero transfer fees.
– A number of travel companies accept Bitcoin as well, for instance, Destina travel agency in Spain. You can buy there all inclusive tours, in other words, to rest absolutely without cash. By the way, after the company have added the possibility to make settlements with Bitcoin, demand for its services increased by 150%.
– It is also possible to use Bitcoins to pay education at high ranking universities – University of Cumbria in Great Britain, Kings College in the USA, and others. A pioneer in this direction became one of Cyprus universities.
– Thousand web shops around the world accept Bitcoins for payment. With cryptocurrency you can buy virtually everything: ranging from foodstuff to household appliances.
– In big cities it is already possible to pay with cryptocurrency at a cafe: order a cup of coffee, pizza, beer, and various snacks.
But this list is far from complete – in fact, you can pay with Bitcoin in much more cases. With each passing day, the number of companies and stores willing to accept cryptocurrency for payment grows. So soon in everyday life, we will be able to do without cash. Isn’t it cool!?
September 9, 2018 at 1:54 pm #28260AnonymousInactive
Hodlers as the Basis of the Crypto Market
The HODL strategy on the cryptocurrency market refers to an investor holding onto their assets despite all events.
I AM HODLING
The term “HODL” is derived from a misspelling by a Bitcoin investor back in 2013 when a post titled “I AM HODLING” was published at one of the forums. What he meant was “to hold”, but Bitcoin supporters enjoyed this misspelling so much that they started using it to denote their faith in Bitcoin’s ultimate success. Hodlers even have a kind of a motto: “Hold On for Dear Life” — hold your assets as if your life depends on it. Putting emotions aside, this strategy is the easiest for the investor: having bought or mined bitcoins or other cryptocurrencies, the investor has to refrain from selling or exchanging it, they just have to hold it in their wallet. But is it profitable?
Historically, being a hodler in the crypto market is quite profitable. Let’s look at Bitcoin as an example and see how its price changed over time. In 2013, when the term was coined, Bitcoin cost $600. In 2014 and 2015, its price plunged by almost two times, but in 2016 it shot up to $1,000 and continued to rise until late 2017 when it reached $20,000. Even now, after Bitcoin price plummeted, it still costs over 10 times more than back in 2013. If we compare the current price of Bitcoin with its launch price, many hodlers are actual millionaires.
Hodlers “hover” behind many cryptocurrencies. For example, hodlers who bought Litecoin before March 2017 when it cost around $3 per coin made a decent buck. By late 2017, the price of Litecoin surged to almost $400. The profit margin was over 100 times. Even if Litecoin costs about $57, hodlers are at an advantage in any case.
September 16, 2018 at 9:36 am #28273AnonymousInactive
Hashing and Hash Rate as the Basis of the Cryptocurrency World
The world of cryptocurrencies is full of terms which are worth knowing in order to understand how the market operates. Let’s have a look at the concepts of hash rate and hashing.
Hashing is finding a solution to a math problems by using a miner’s computing system. In other words, it’s the cornerstone of the cryptocurrency system. Its functions are similar to the ones of a “printing press” in the conventional monetary system.
A hash rate reflects the number of mining cycles a miner’s computing system can run per second to find the right solution to the problem. Consequently, the higher the hash rate is, the sooner a miner can solve math problems and the more reward they can earn.
Cryptocurrency networks also have a hash rate that reflects the total computing power of all mining devices. Therefore, to be able to mine cryptocurrency in networks with a high hash rate, you must have a high hash rate of your own, i. e. more powerful devices.
Hash rate is measured in:
– hash/second (H/s) — 1 (the lowest);
– kilohash/second (Kh/s) — 1,000;
– megahash/second (MH/s) — 1 mln;
– gigahash/second (GH/s) — 1 bln;
– terahash/second (TH/s) — 1 trillion;
– petahash/second (PH/s) — 1 quadrillion.
The hash rate measured in H/s is not used any more since the difficulty rate of any cryptocurrency network is continuously growing and requires more computing power. The quest to reduce consumption while preserving the rate of solving problems is the key issue for a miner.
FYI, the hash rate is over 33,000,000 TH/s in the Bitcoin network, about 312 TH/s for Litecoin, and 278 TH/s for Ethereum. In other words, the Bitcoin hash rate is and will remain the highest. Bitcoin’s network has the most power, but mining the first-ever cryptocurrency is the most difficult task, too.
The concepts of hashing and hash rate are relevant for the understanding of how cryptocurrency is mined and can clarify the question of cryptocurrency prospects.
September 25, 2018 at 12:46 pm #28301AnonymousInactive
Scam or No Scam — This is the Question
All of you probably know that “scam” literally means con or fraud. However, in the online world, this term has a narrower meaning — raising funds for an allegedly promising project that will then disappear together with the investors’ money.
Scam-projects usually spring up in hype industries, i. e. the fastest-growing sectors. Cryptocurrencies and Blockchain are a hype sector now; therefore, a lot of conmen find their investor victims in this area.
A scam project is very hard to identify initially. Since cryptoindustry grows very fast, no developers can be confident their project will be a success.
The difference between a scam and any other project is that scam has no success embedded in it — it’s just about collecting money from the investors.
However, there’s a range of characteristics that might prove a project is a scam.
— Regular technical issues on the project web-site, DDoS attacks and failures may indicated a project is a scam.
– An important scam characteristic is the low activity of the support service. No one answers your questions, no one responds to your comments or replies with trivialities.
– Despite the announced big plans, the project makes no headway and does not grow.
– Problems related to withdrawing or getting back your funds are probably the most obvious characteristic of scam. In the case of cryptocurrencies, it may be an issue related to selling the tokens. Unfortunately, if the investor reaches this stage, it’s hardly possible to get back the invested funds.
– A lot of negative reviews are published online, there’s a strong negative feeling around the project on professional forums — this is what you should look out for. Cryptocurrencies are still an area for the “advanced” investors who understand what they invest in — don’t ignore their opinion.
These are the key characteristics of scam projects. Each characteristic on its own may simply mean that a project is experiencing some growth difficulties. Together, however, these characteristics are a sign it’s not safe and the project is, in all probability, a scam.
October 4, 2018 at 8:07 am #28342AnonymousInactive
Is it Better to Invest in ICO or in the Existing Cryptocurrencies?
Many novice crypto market investors face the problem of choosing the most profitable investment option: ICO tokens or the existing cryptocurrencies. Let’s review the key risks and advantages of both options.
ICO tokens are coins issued in order to raise funds for further cryptocurrency promotion on the market. This procedure is called ICO (initial coin offering). Obviously, anyone may easily join ICO and profit may be huge — as much as dozens of thousands percent of the initial price. But it can only happen if the project is successfully developed and entered the market. Meanwhile, it’s really complicated now when the market is crowded with all kinds of ICO’s.
At the same time, many projects, even those that turn out to be unsuccessful in the end, usually generate profit at the first stage, even if it’s small.
There’re two key points to pay attention to when investing in ICO tokens.
– Make sure the team is honest and the project is promising: the web-site must indicate the team’s contacts, a complete description of the project and the customer support service. Additionally, it must contain a mandatory warning about the risks related to ICO investments.
– ICO investments are passive — ICO tokens cannot be traded which makes them still more risky. In practice, if the project fails, there’s no way to get your investment back.
Currently, over 2,000 various cryptocurrencies that have confirmed their viability are being traded. You can make a passive investment or trade on the exchange. However, not all cryptocurrencies are profitable investment-wise — most coins cost little and are traded in low volumes. At the same time, some new cryptocurrencies are quite promising and could abruptly surge in price and generate a high profit for their holders.
All cryptocurrencies are characterized by volatility, i. e. exchange rate fluctuations. Volatility makes it difficult to forecast the price, thus increasing the risk of losses even if the investment amount is not big.
– Overall, the TOP cryptocurrencies cost more and more with each passing year; therefore, long-term investments in these currencies generally produce an excellent profit.
– Lesser known coins are less predictable and could either surge or remain at the same level for a long time or experience an abrupt fall. However, if a coin does surge, it’ll generate a lot more profit than TOP cryptocurrencies. Off-top coins could grow in price a dozen, hundred or even thousand times.
It should also be noted that even if coin price doesn’t grow, unlike ICO tokens, the existing cryptocurrencies may be sold to retrieve your investment or minimize losses.
– Investing in ICO tokens means a high risk, a huge profit in case of success and inability to make up for losses in case of failure.
– Investing in off-TOP cryptocurrencies involves a high risk, a big income and capability to partially make up for losses in case of failure.
– Investing in TOP cryptocurrencies means the highest level of stability on the crypto market, a lower income than off-TOP coins and ICO tokens and the biggest recovery of losses in case of failure.
October 12, 2018 at 12:22 pm #28378AnonymousInactive
A Common Programmer Becoming Millionaire Thanks to Bitcoin
A person who refuses to his real name and introduces himself as Mr Smith bought bitcoins back in 2010. He spent three thousand dollars to do it when the first-ever cryptocurrency cost next to nothing and very few people realized its huge potential. Mr Smith is now a millionaire.
Mr Smith did not invest in Bitcoin soon after learning about it. He was a programmer in a big firm in the Silicon Valley when he heard about Bitcoin from a co-worker. He studied all available information to understand this new technology. When the price rose from $0.008 to $0.08, Mr Smith made a decision to make a move. He bought 20,000 bitcoins at the price of about $0.15 per coin. Mr Smith was confident Bitcoin had a long-term potential and, as is obvious now, it was the right call to make.
Mr Smith sold 2,000 bitcoins when the price reached $350 (i. e. Bitcoin’s value rose two thousand times since the purchase) and then another 2,000 bitcoins when the price climbed to $800. Thus, he ended up with $2.3 mln on his account.
The very next day, Mr Smith retired and went on a round-the-world cruise. “I’ve got everything I’ve ever dreamed of… I’m now travelling the world and don’t have to worry about money for the rest of my life. I’d be a fool not to sell,” says the investor.
Mr Smith only buys first-class airplane tickets, stays in five-star hotels, and may travel to Singapore, New York, Las Vegas, Monaco, Moscow, Zurich and Hong Kong within a month. As Mr Smith says, he has no minute to spare to be bored.
He still owns enough bitcoins to continue with this lifestyle. In total, he’s earned $25 mln on bitcoins. This is what it means to accurately appreciate a new project’s potential on time.
October 17, 2018 at 2:56 pm #28399AnonymousInactive
How 13 Turtles Became Millionaires
Richard Dennis and Bill Eckhardt — successful and experienced traders — once made a bet. Eckhardt said only a person with a talent could become a trader. Dennis insisted “traders could be grown just like turtles!” — at the time he was really impressed by his recent tour of a turtle farm. So they decided to set up an unusual experiment…
Candidates for the experiment were selected through a newspaper publication. They had to… know nothing about exchange trading. Further selection was supposed to filter out extraordinary people and leave behind the most ordinary ones. In other words, those who were prepared to take excessive risks and were not prepared to learn were excluded from the experiment. Thus, the experimental group ended up with 13 persons who were jokingly called the “turtles”. The group also included two real traders to enable measurement of the “turtles”’ progress against them.
In the course of two weeks Dennis taught the novices to read charts and develop a trading strategy accounting for risks. The “turtles” didn’t read any analytical articles, follow the news or made forecasts. There were no lectures either — there had only been one theoretical training session. For the rest of the time, novice traders guided by Dennis were creating a system of trading which they then followed mechanically. Having mastered the system, they could soon develop strategies and improve the system independently.
Everyone who was trained by Dennis became millionaire traders continuing to trade independently. They all traded in “trends”, i. e. suffered minor losses when the market moved sideways and made a major profit when a stable “bullish” trend was dominating the market.
Anyway, the key conclusion of the experiment was that any reasonable person could become a successful trader. Therefore, dear friends, it’s all in your hands!
October 24, 2018 at 4:08 pm #28415AnonymousInactive
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.
October 29, 2018 at 5:18 am #28420AnonymousInactive
What Are Swing, Flat and Rekt
You should know the trading terms “swing” and “flat” because they are used for important trading situations. You should also know what “rekt” is to avoid it at all times.
A swing is a short-term change in cryptocurrency price within a narrow price range. Even a trader who hasn’t been on the market for a long time can recognize a swing. It looks like leaps that may even seem significant, but they don’t mean a trend has set and don’t reflect the actual direction of price movement. This is why most traders wait until these leaps stop and a certain trend sets in.
However, some experienced and unscrupulous traders make profit at this point by leaning on the active trading by novice traders who think of any price movement as a trend. Thus, on May 15 the price of Bitcoin was 9,000 in the morning falling to 8,500 a few hours later and climbing back again to about 9,000 in an hour or two.
Each price change could seem like a beginning trend to an inexperienced trader making them buy or sell cryptocurrency. There would always be someone willing to buy assets from them at a low price or sell assets to them at a high price.
Flat is the sideways price movement within a horizontal price channel. Simply put, it’s a situation when price fluctuations are insignificant for a long period of time. The price doesn’t rise or fall too much, minimum and maximum values remain at the same level on the chart. In other words, flat is a neutral trend.
Few traders are willing to trade during a sideways trend since the profit generated by price movements is minimal. However, some traders buy near the support line and sell near the resistance line for the entire period of the neutral trend and are able to make a good profit out of it. One should monitor flat closely since a breakout of the technical line will often mean a trend is forming.
Rekt (originating from “Wrecked”) is a loss of funds resulting from a highly unprofitable transaction. Unfortunately, no one is immune to this — especially the novice traders. However, even if it happens, don’t panic and don’t try to make up for it at once — it could aggravate the situation. It’s best to exit trading and carefully analyze your actions and causes for loss to avoid the same situation in the future.
November 6, 2018 at 1:17 pm #28437AnonymousInactive
Ways to store cryptocurrencies
Cryptocurrencies are an excellent way to provide for yourself financially and build an honest financial system. But what’s the right way to save them? There are two ways to store cryptocurrency:
– Hot storage. Hot storage means that you put cryptocurrency in special wallets that let you withdraw and use the funds you need at any time. These wallets are continuously connected to the Internet, so you can access them anywhere with Internet coverage. And almost everywhere civilization has reached has Internet coverage. This type of storage is like storing fiat money in an account with a debit card and online banking abilities.
– Cold storage. Cold storage means storing cryptocurrency in wallets that are not connected to the Internet, i.e. offline wallets. The wallet’s private key is also stored offline, on a hardware device or paper. Cold storage is generally used for saving cryptocurrency – for large and very large amounts. It can be compared to storing valuables in a safety deposit box.
You choose which storage method to use. But you should know that cold storage is safer: your keys are completely safe, because they are not stored on the Internet. Your coins are not vulnerable to hackers or thieves.
The best option is a combination of hot and cold storage. Use hot storage to store the amount that you want to be constantly available. Use cold storage for large sums, i.e. your savings.
In a subsequent article, we will provide a detailed description of the types of wallets used to store cryptocurrency.
November 18, 2018 at 7:25 am #28472AnonymousInactive
What is a Softfork for Cryptocurrency?
A softfork aims to improve the existing cryptocurrency network. It happens without users noticing the very moment of interference — they just take its consequences for granted.
A softfork does not require a major interference with the cryptocurrency’s master code, and all changes are backward-compatible. This is the main difference between a softfork and a hardfork, with the latter, roughly speaking, generating a new coin. A softfork happens within the existing network, and its objective is improving network operations without making significant changes.
It’s a sort of regular software update we all have to make by uploading updated versions of old software, e. g. word processing or image editing apps. Old versions accumulate too many non-critical mistakes, or users request some improvements to be made. It leads to the need for an update; in case of cryptocurrency — for a softfork.
How it happens
In the Bitcoin network, a softfork happens as follows: the system is “rolled back” in time, and new blocks replace the old blocks while the chain of blocks remains unchanged. New blocks are identical to the old blocks in terms of structure. After the softfork, “old” blocks are validated along with the new blocks. All transactions before and after the softfork remain equivalent in value.
A softfork is usually administered by a team of developers after they discuss the idea with the user community. Since, however, cryptocurrency has an open source code, a useful change may be implemented by any user if they approach the community with an idea and the community approves of it.
The most well-known softfork in the Bitcoin network is SegWit that was successfully implemented without a hardfork.
November 29, 2018 at 5:56 am #28505AnonymousInactive
Jaxx Wallet: What It Is and How It Works
The Jaxx wallet is seen as one of the most popular wallets among cryptocurrency users. This wallet is used for “cold” storage of coins; it has a mobile, web-based and desktop versions (the latter is a portable version you can store on and launch from a USB drive). It has no particularly unique features that would make it stand out among other wallets. Let’s have a closer look at it.
Many users think that Jaxx is one of the leading wallets in terms of security. Its set of features allows you to make backups and restore wallets on other devices, use the payment PIN code feature and obtain a private key.
What it can do
– Jaxx is integrated with the ShapeShift cryptocurrency exchange allowing users to exchange coins within the wallet, even though for a fee.
– You can use Jaxx to store BTC and ETH or some new coins growing in popularity. In total, it supports several dozens of coins.
– The wallet can be used with Windows, Linux, OS X, Android and iOS. Additionally, you can set up the Jaxx extension by Google Chrome for your browser. You can also synchronize all wallet types on various devices.
How it works
You’re recommended to select the coins you’re confident you will use — don’t overload the wallet.
Naturally, the most important recommendation is making a backup copy and saving the secret phrase which includes 12 words for this wallet.
December 30, 2018 at 8:35 am #28537AnonymousInactive
I hear about this platform for the first time, despite the fact that the proposal seems to be not bad, I will still change through exchangers that I already trust
January 14, 2019 at 12:09 pm #28563AnonymousInactive
Analysis of News Context for the Crypto Market
The crypto market is strongly dependent on the news. Traders — both bulls and bears that are basically in a real “war” — benefit from it. The “warfare” is also joined in by manipulators and conmen who try to make a stir and make money from random actions by traders.
Implications of the news context
The price of conventional assets, such as company shares, is based on capitalization, financial statements, and observable factors available for analysis. However, it’s still unclear what the cryptocurrency market responds to as this market is very young, and a lot of factors remain to be identified and described.
At the same time, most traders acknowledge that news have a strong impact on the crypto market. Both bulls and bears leverage the news context to shift the cryptocurrency price in their favor. They arrange publications with a negative or positive market assessment or actively support the published articles in the mass media. The conventional asset market would view this behavior as a manipulation attempt that would possibly be punishable, but the cryptocurrency market is still underregulated.
Conmen also contribute to the news context, but more often they try to make a stir around a lesser known coin that is allegedly unique and about to “score a big win”, with its price rising and all those who have been able to buy it making profit. This is the so-called “pump hyping”. The new “promising” coin scores no “big wins” while the investors pay into the pockets of the conmen with real-value coins.
How news should be analyzed
To analyze the news context, select a few reliable sources that have been publishing news regularly, seamlessly and for a long time, at least a few years. There are web-sites that aggregate news from hundreds of sources, but you would have to prioritize them on your own.
A very useful source of news is the social networks and resources for experts.
However reliable a source is, you have to check each piece of news against multiple sources, especially if it’s hyped-up news. No editions or specialized resources, not even the most reliable ones, are insured against fake news.
Below is a list of information types that could affect the price of cryptocurrencies:
– Any changes in legislation related to cryptocurrencies, ICO and blockchain. News about the coin being listed by a well-known crypto exchange.
– News about the coin partnering with a big player at the conventional market, such as a bank or a big corporation in the real sector.
News about a top-class specialist from the real sector joining the team.
– Significant progress in developing the coin: release of new important software, a new stage in the development process, etc.
However, experience has proven that it’s impossible to precisely tell that a particular piece of news is going to affect the market and how it’s going to affect it. You just need to remain vigilant.
January 20, 2019 at 11:40 am #28578AnonymousInactive
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.
- You must be logged in to reply to this topic.