Skip to main content

Posts

Showing posts from April, 2020

When and what is bitcoin Halving ??

What is the Bitcoin Halving (Halvening)?                                            Date of halving ( MAY 12 2020 ) New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving" or "halvening". In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. Now, in the 2020 halving, it will drop from 12.5 to 6.25. What is the Significance of the Bitcoin Block Halving? The halving decreases the amount of new bitcoins generated per block. This means the supply of new bitcoins is lower. In normal markets, lower supply with steady demand usually leads to higher prices. Since the halving reduces the supply of new bitcoins, and demand usually remains steady, the halving has usually preceded
How to Know if Trading is Right for You Key points covered in this article • Should you trade? • Ability • Running the numbers • Active or passive mindset Should you trade? Should you trade? It is a simple question, but not easy to answer. There are many factors to consider but the most fundamental factors center around your ability and willingness to trade. If you answered ‘yes’ to the first 2 questions you can start to consider how much capital you are prepared to risk and whether you prefer an active or passive approach in your journey of wealth accumulation. Ability Ability - The first question you should ask yourself is whether you have the ability to trade. In other words, do you have the asset base? Senior analyst, Tyler Yell compares this to a runner’s aerobic base in preparation for a marathon. A stronger aerobic base, means you can run more miles without body breakdown which leads to a more successful race despite the inevitable developments on race
4 Big Mistakes Traders Make When Setting Stops Let’s talk about the four biggest mistakes traders make when using stop losses. We always stress using proper risk management but when used incorrectly, it could lead to more losses than wins. And you don’t want that, do ya? 1. Placing stops too dang tight.  The first common mistake is placing stops tighter than those leather pants that Big Pippin used to wear back in the retro days. They’re so tight that there ain’t no room to breathe! In placing ultra-tight stops on trades, there won’t be enough “breathing room” for the price to fluctuate before ultimately heading your way. Always remember to account for the pair’s volatility and the fact that it could dilly-dally around your entry point for a bit before continuing in a particular direction. For example, let’s say you went long GBP/JPY at 145.00 with a stop at 144.90. Even if you are right in predicting that the price would bounce from that area, it’s a possibility th