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Showing posts from November, 2022

What Is a Spread and What Is a Bid-Offer Spread?

  A spread is the difference between the prices to purchase (offer) and sell (bid) an item in trading. The spread is an important aspect of CFD trading since it determines the prices of both derivatives. Spreads are a popular method for brokers, market makers, and other service providers to display their rates. This means that the cost of purchasing an asset will always be slightly greater than the market price. While the selling price will always be slightly cheaper. In the financial world, a spread can refer to a variety of things, but it always refers to the difference between two prices or rates. It is also a trading method known as an option spread. This is accomplished by purchasing and selling the same amount of options with various strike prices and expiration dates. Bid-Ask Spread The bid-offer spread, also known as the bid-ask spread, is simply the spread added to the price of an item. The bid-offer spread indicates how much money individuals are ready to pay for an asset. Wh

What is the best week to buy cryptocurrency?

People who trade in crypto are always looking for the right chance. But to do well, they need more than just luck. You need to be able to "read" patterns to figure out how cryptocurrency will move in the future. Some of these factors are market news, information about how the market has done in the past, volume, buying time, rules, and a lot more. It's hard to know when the best time is to buy or sell cryptocurrency because of this. When is the best time to buy cryptocurrency? The best day of the week to buy cryptocurrency seems to be Tuesday, with Thursday and Saturday coming in second and third, respectively. The same data that was used to figure out the best time to buy cryptocurrency was also used to come to this conclusion. But the crypto winter of 2022 has caused prices to drop quickly and unpredictably, and it doesn't seem to have much to do with anything other than fears that the market will go even lower. Prices have also gone down because people are afraid t

Investors in GameFi are now putting fun over money, according to a survey.

About half of the investors got into the GameFi space in the beginning to make money, but 89% of those investors lost money in Crypto Winter 2022. GameFi is the combination of gaming and decentralized finance (DeFi). It attracts investors who choose projects based on how they can be used instead of how much money they can make. GenZ investors and gamers are interested in the GameFi ecosystem. Because of this, it is a good place for many first-time investors to start. A ChainPlay survey that 2428 GameFi investors took part in showed that 75% of them only got into crypto because of GameFi. About half of the investors got into the GameFi space because they thought they could make money. However, Crypto Winter 2022 killed 89% of GameFi investors, and 62% of them lost more than 50% of their profits. But investors think that the main reason they lost money was because of how the in-game economy was set up. In line with this feeling, the survey found that investors around the world spent an a

Doubts about Russia's power are blown away by the strong force of patriotism that Putin stirs up.

When it comes to showing the Russian people how big and shiny their navy and military are, no expense is spared. Think back to April, when Russia's Black Sea fleet's most important warship, the Moskva, sank. Ukraine's defense ministry said it was a direct hit, while Russia said there was a fire on board. A big blow to Russia's reputation and its ability to defend itself in the Black Sea. It's also not the only loss for the Black Sea fleet, which is up against a Ukrainian navy that has been greatly reduced since Crimea was taken over and is mostly stuck in its ports, just like most of its commercial shipping. The blockade of the Black Sea has been a huge strategic win for Russia because it has forced Ukraine to mine itself in. Stalls at Ukraine's ports have left large parts of the world without grain, but also fertilizer, sunflower oil, and a whole host of other exports that would have brought the Ukrainian economy much-needed cash. Even though a grain deal

Snap got rid of its Web3 unit as a result of a lot of layoffs.

The company's growth rates hit their lowest point in the last five years during the second quarter. As a result, the company has decided to let go of 20% of its employees. Snap (SNAP) has decided to get rid of its Web3 team in order to cut costs because the company's growth has slowed down a lot. Jake Sheinman, who helped start Snap's Web3 team, said he was leaving the company in a tweet on Thursday. In the tweet, he also talked about what plans the social media giant has. "As a result of the company restructure, decisions were made to shut down our [W]eb3 team," the tweet said. The comment request that CoinDesk sent to Sheinman was not answered right away. After the company reported its earnings for the second quarter in July, Snap CEO Evan Spiegel said that the company's executives were worried about the company's poor performance. In a note to investors, the company said, "Our financial results for Q2 do not match the size of our goals." "

Here's what you need to know about short selling cryptocurrency.

When you think about investing, you might think that you'll make money if the value of your asset goes up and lose money if it goes down. Short-selling is a more complex way to make money. When you short sell, you bet against an asset, hoping that its price will go down in the future. What is it to "short"? Short selling, also called "shorting," is a way to invest when the price of an asset is expected to go down. You are short because you don't have enough money to buy the asset that you can then sell for a profit. Another thing that many people have had to learn recently is the difference between a crypto coin and a token. Let's try to figure this out! In the world of cryptocurrency, the word "token" is used a lot. Bitcoin could be called a "crypto token" or something similar, since all crypto assets could, in theory, be seen as tokens. Over time, the word has come to mean two different things, both of which are used often enough th

NFTS Offering "Game of Thrones" Funko Pops

"Game of Thrones" is Funko's latest Digital Pop! collection, made up of non-fungible tokens (NFTs) that replicate its stylised figurines. The October 4 drop will feature Arya Stark, The Hound, Jon Snow, and Jaime Lannister. Each Digital Pop! can be redeemed for a matching limited-edition physical collectible. "Game of Thrones" drop items include Jaime Lannister, Arya Stark, Jaqen H'ghar, The Hound, Jon Snow, and Daenerys with a Dragon Egg. On October 4, fans can buy Standard packs (five Digital Pop!) for $9.99 and Premium packs (15 Digital Pop!) for $29.99 on the pop-culture NFT portal Droppp.io. The collection is limited to 31,250 packets per, with 625,000 NFTs available in the drop. See the "Game of Thrones" Digital Pop! collection below. LANNISTER The Kingslayer wears crimson and gold Lannister armor. arya stark Arya's virtual model wears a grey kilt and brown leather belt. Jaqen H'ghar Jaqen H'ghar wears a grey robe, brown belt, and

The Best Day of the Week to Invest in Cryptocurrency

A class of assets known as cryptocurrency is known for its high levels of volatility and frequent price swings. People frequently have the misconception that they should try to time their investments by making purchases at specific times in order to obtain the best possible price for their investments. The timing of a purchase of cryptocurrency is notoriously difficult, however, due to the fact that bitcoin is traded by investors all over the world around the clock. If you want to invest in cryptocurrency, your best bet is to use dollar-cost averaging, which means buying a very small amount of cryptocurrency at a time and spreading out your purchases over a period of time. Even if you choose to invest at intervals that aren't exactly the most cost-effective, you'll eventually run into other people who are, and the playing field might end up being leveled. The cryptocurrency market is subject to ebbs and flows, which significantly differ from one purchasing coin to the next. Tok

What are crypto IDOs?

What's IDO? Initial DEX Offering, or IDO, is a way for projects to sell their crypto tokens to the community using a decentralized exchange. This is called an IDEO (DEX). A typical IDO lets investors lock their funds into a smart contract before issuing a project's native token. At the token generation event, investors receive new tokens in exchange for frozen funds. IDOs offer projects a simple, low-cost way to distribute tokens and collect funds while providing investors with more security than an ICO (ICO). IDO investors need a cryptocurrency wallet like MetaMask. To join IDO and pay transaction fees, add cryptocurrency to your wallet. You should avoid IDOs. Always do independent research. This requires examining a project's IDO mechanisms, token economics, vesting durations, and founding team, which can vary by platform and project. Also, IDO mechanisms can be found in different projects. Before investing in DEX ventures, make sure you can trust them. IDO function: IDOs

US military accesses crypto security threats

The military's innovation branch is examining cryptocurrencies to identify the threats to law enforcement and national security. DARPA will conduct the year-long research. DARPA built the first internet-supporting tech. The startup will give the Pentagon tools to help law enforcement clamp down on illegal digital asset use. Mark Flood, the organization's program manager, told The Washington Post that the report "maps out the cryptocurrency ecosystem in depth." The government hopes to use the data to acquire insights into traditional financial market trends and fight illicit funding. The deal is the latest example of federal authorities' efforts to stop terrorists, rogue states, and other bad actors from using cryptocurrencies to finance their activities. Last month, the Treasury Department sanctioned Tornado Cash, a service that let North Korean hackers repurchase stolen cryptocurrency. This week, the agency asked the public about cryptocurrency hazards to nationa

Google's Easter Egg on Ethereum Merge

Google's new countdown timer for Ethereum Merge shows support for the imminent upgrade. When you search for "Ethereum Merge" or "The Merge," a countdown ticker displays the projected time left until the Merge depending on the current difficulty, hash rate, and merge difficulty. On the side is a cartoon of two delighted pandas sprinting toward each other with outstretched hands. Google Cloud developer Sam Padilla said the timer was "a nice little surprise" and a way to express appreciation for "years of work." He said Google's search and laboratories team did the work, but he helped "kickstart" the idea and discussion. In the same post, Padilla revealed the timer is directly tied to the blockchain, updating the countdown in real-time. He also said, tongue-in-cheek, that pandas get closer as Merge approaches. Google's Web3 team under Google Cloud was launched on May 6. Not just Google developers are interested in Merge. Recent

What exactly is meant by the phrase "double top"?

When an asset reaches a high price two times in a row with a slight price decline in between the two highs, a double top, which is a highly unfavorable technical reversal pattern, occurs. Double tops are extremely negative for investors.  Double peaks are a common occurrence in he markets for financial commodities. It is established when the price of the asset drops below a level of support that is equivalent to the lowest point between the asset's two most recent highs. What exactly is meant by the term "double top"? The formation of a double top may indicate a shift in the medium- to long-term trend of an asset class. This change may be positive or negative. The double top pattern that formed in the share price of Amazon.com, Inc. (AMZN) during the months of September and October of 2018 at a price of $2,050 is depicted in the chart that can be seen just above this one. In light of these particular circumstances, the amount of support that came to be roughly $1,880 was

What Are Some of the Benefits Associated with Having a Double-Top Pattern?

Security values over time develop patterns on charts. Lines connecting opening prices, highs, and lows suggest patterns. Prices may include closing expenses. Chartists forecast prices using data trends. Patterns underpin technical analysis. Several trading patterns suggest market bullishness or bearishness. Double-top patterns? Double tops are bearish. It has two neckline peaks. The neckline will retrace the initial high after a strong bullish move. For the second high, momentum will turn bullish at this level. The double-top pattern must retrace further than it did after the initial retreat after the first peak. This usually indicates that price momentum has broken through the neckline support and that the bearish trend will persist. In anticipation of the double-top pattern's bearish reversal, traders often try to short at the second high. Double-top patterns A pattern won't assist you decide what to do. Reversal and continuation patterns exist. Double-top chart patterns sign

What Do Designs With A Double Bottom Look Like?

A double bottom pattern is a charting pattern that indicates a change in trend and momentum from prior leading price action and is utilized in technical analysis. It symbolizes the fall of a stock or index, the recovery that follows, the second fall to the same or a slightly lower level, and the rebound. The double bottom has a form that resembles the letter "W." The low that has previously been reached twice is a support level. What Does A Double Bottom Mean? Most technical analysts believe that the initial bottom should rise by 10% to 20%. The second bottom should form within 3 to 4% points of the prior low, and the succeeding rally's volume should increase. Like many other chart patterns, a double bottom pattern is best utilized to analyze a market's intermediate- to long-term tendencies. In general, the separation between a chart pattern's two lows improves the likelihood that the pattern will be successful. It is believed that in order for the double bottom p

Stop the fall, the dollar bulls have returned, according to our weekly forecast for the EUR/USD pair.

The EUR/USD pair managed to keep up its upward momentum throughout the first part of the week, but it was unable to achieve parity and finished the week at about 0.9750, which resulted in a modest loss for the week as a whole. At the beginning of the fourth quarter, optimism was at an all-time high, with Wall Street reporting big profits and government bonds extending their gains from the previous week. The increased appetite for risk is providing support for the EUR/USD currency pair. Participants on the market were of the opinion that an increase in the risk of a global recession would force central banks to slow the rate of quantitative tightening sooner rather than later. This type of speculation, together with the desire for high-yielding assets, was fueled by the Reserve Bank of Australia's decision to raise the cash rate by only 25 basis points, which was less than was anticipated. However, the positive energy didn't stick around for very long. On Wednesday, the European

Rising Wedge?

Two intersecting trend lines form a rising wedge, a bearish chart pattern. Trend lines rise and converge. The first trend line connects recent lower highs and higher highs, while the second connects recent lows. It resembles an upside-down triangle. Rising wedges fall. Since the lower trend line is steeper than the upper one and the low is higher than the high, the rising wedge pattern is bearish. Only the triangular angle and pattern varies between the falling wedges. The rising wedge (ascending) pattern is bearish because it suggests a downtrend or price decline. The wedge reduces transaction volume. Even though the wedge shows prices rising, trade volume is falling, which could indicate sellers are strengthening their positions for a negative breakout. The collapsing wedge's bullish slope indicates a near-pattern rebound. A rising wedge can be a continuation or reversal pattern. Indicates The rising wedge pattern usually follows long-term trends, making cryptocurrency trading st

Which Week Is the Best One to Invest in Cryptocurrency?

Traders of cryptocurrencies are constantly on the lookout for profitable opportunities. But luck alone won't get them very far in this competition. It is necessary to have the ability to "read" trends in order to forecast how the price of cryptocurrencies will move in the future. In this category are items like market news, information on how the market has performed in the past, volume, buying time, restrictions, and a great deal more. As a result of this, it can be challenging to determine the optimal timing to either buy or sell cryptocurrencies. When You Should Make Your Cryptocurrency Investments During The Week To purchase bitcoin, it appears that Tuesday is the greatest day of the week to do so, with Thursday and Saturday coming in second and third, respectively. This result was arrived at by using the same data that was utilized to find out when the most advantageous moment was to invest in cryptocurrencies. But the crypto winter of 2022 has caused prices to fall