Types of cryptocurrency
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Posted in a vastly different subreddit with another acciunt, about how I’m trying out crypto at a fortuitous time (what with the bull run, halving, etc) as a way for me to get ahead (and subsequently get out of this shitty job I’m in).
No memespam please?! Memes are great and unite us with laughter, but too many and then we’re r/cryptomemes. Kindly limit your meme posting to one every 30 days, or we may remove your post. If you have a new account and a meme is your first post, we might remove it. Our goal is to keep this community one where we can enrich each other with solid information and collaboration. Memes are okay peppered into the mix, but please try to add something of higher value to the discussion.
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Cryptocurrency news today
Sayantani Sanyal reported that many factors point to higher Bitcoin prices, namely greater acceptance by businesses in higher demand from Bitcoin ETFs. In Analytics Insight, Sanyal says that market analysts predict that Bitcoin could hit USD $100,000 by the end of 2024, and others say it can climb to the mark in the first quarter of 2022. Others write that Bitcoin won’t reach more than USD $70,000 by the end of 2022.
The meme coin sector rallied on Wednesday as top tokens, including Dogecoin (DOGE), PEPE and BONK, led the charge. With growing anticipation of a DOGE ETF in the US next year, industry experts weighed in on the future of investing in meme coins.
NewsNow aims to be the world’s most accurate and comprehensive crypto news aggregator, bringing you today’s latest headlines from the best alt coins and crypto news sites. Whether it’s Bitcoin, Dogecoin, Diem, Ethereum or Ripple, Monero, Litecoin, Dash or NEM, we’ve got it covered.
Sayantani Sanyal reported that many factors point to higher Bitcoin prices, namely greater acceptance by businesses in higher demand from Bitcoin ETFs. In Analytics Insight, Sanyal says that market analysts predict that Bitcoin could hit USD $100,000 by the end of 2024, and others say it can climb to the mark in the first quarter of 2022. Others write that Bitcoin won’t reach more than USD $70,000 by the end of 2022.
The meme coin sector rallied on Wednesday as top tokens, including Dogecoin (DOGE), PEPE and BONK, led the charge. With growing anticipation of a DOGE ETF in the US next year, industry experts weighed in on the future of investing in meme coins.
NewsNow aims to be the world’s most accurate and comprehensive crypto news aggregator, bringing you today’s latest headlines from the best alt coins and crypto news sites. Whether it’s Bitcoin, Dogecoin, Diem, Ethereum or Ripple, Monero, Litecoin, Dash or NEM, we’ve got it covered.
Cryptocurrency for beginners
Because you’re opening your position on margin, you can incur losses rapidly if the market moves against you. To help manage this risk, you can set a stop-loss level in the deal ticket. If triggered, the stop-loss will automatically close your position and cap your risk.3
Suppose, however, that the market instead decreased and reached your guaranteed stop-loss level, closing your position at 3000. Here, the difference is 204 points, meaning that you’d cut a loss of $2040 (13.6% on your margin deposit), plus a fee for the guaranteed stop-loss being triggered.
In this example, after a spread of 8 points is applied – and excluding other costs – the buy (or offer) price is set at 3204, while the sell (or bid) price is 3196. The CFD you use specifies an amount of $1 per point of market movement, and you opt to trade 10 contracts. This brings your total exposure for the position to $32,040 ($3204 x $1 per point x 10 contracts).
How to make cryptocurrency
The first step in creating a cryptocurrency is obvious but essential: Developers (the term used for cryptocurrency creators) must find a compelling use for their proposed digital currency. Traditional and cryptocurrencies can serve many purposes:
Creating a cryptocurrency typically requires knowledge in blockchain technology, cryptography, smart contracts, and programming languages like Solidity for Ethereum-based tokens or C++ for custom blockchain solutions.
While this step is optional, it’s a good idea to think about an API for your cryptocurrency, as this will allow your users to build new tools and interact with your network in inventive ways. APIs are a fantastic way to build trust with a community of developers and tech enthusiasts.
However, if you decide on issuing a token, you’ll have to adopt the architecture and rules of the underlying blockchain, and likely also all the transaction fees you generate will be denominated in its native asset. For example, all ERC20 token transactions require some ETH for gas in order to execute.
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