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MyCryptoParadise Blog
Stories from the best &
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What are stablecoins?
It is fair to say that virtually every sector will be elevated by Blockchain. The technology is aimed at introducing innovative and enhanced payment systems for people around the world through a number of its emerging applications. The technology of Blockchain seeks...
What is stop-loss in crypto trading? How to use it?
With the cryptocurrency market cap crossing $2 trillion over the weeks, more and more people are jumping in on the bandwagon and trying out cryptocurrency trading. While cryptocurrency trading shares most of the same fundamentals of conventional trading, the medium...
How To Trade Ethereum in 2021
Ethereum has gained quite a lot of criticism over the past couple of years; however, a significant part of the community believes it will have the potential to provide better gains than Bitcoin itself soon. With the expectation of Ethereum 2.0 to roll out in the...
What Is Uniswap and How Does It Work?
For years, centralised exchanges have always been the basis of the cryptocurrency industry. With fast settlement times, high trading volumes, and increasingly improving liquidity, Centralized exchanges have been the cryptocurrency market’s backbone. Interestingly,...
Is it too late to invest in Bitcoin? Let’s find out.
Bitcoin topped at almost $58,000 this week, a record high. With the market cap inching towards $1 trillion, is it really okay to consider that Bitcoin has gone mainstream? Larger companies such as Tesla, Paypal, and Square are catalyzing Bitcoin’s mass adoption by...
How to trade cryptocurrency using Moving Averages in 2021
Moving averages are one of the most influential indicators across all markets. As the name suggests, the moving average measures the average price at which the asset is trading for a given duration. The 'moving average' is widely known as the arithmetic mean or the...
3 Best Crypto Trading Strategies of 2021
Despite the digital asset market being lucrative, its volatility has always been an issue to most crypto traders. If you’re new to crypto trading you are perhaps curious to know how traders keep track of market dynamics and continuously make profits from invested...
What are the Key Elements in Performing Fundamental Analysis of Cryptocurrency
Whatever investment one decides to venture into, there are always inevitable risks involved. Crypto investing, being one of the ventures considered to be risky due to the high volatility nature of digital currencies, as an investor, you can either gain or lose money...
Dogecoin Price Prediction of 2021
What started as a meme cryptocurrency has taken its place as the 12th largest cryptocurrency with a $7 billion market cap under Dogecoin. The cryptocurrency was created by a duo, Jackson Palmer and Billy Markus, as a dig at cryptocurrencies in the market. Centered...
Everything you need to know about Dogecoin
Dogecoin (Doge) is a cryptocurrency that rapidly gained the interest of investors, following the support of SpaceX creator Elon Musk and other giant companies including Nissan Motor Manufacturers. Dogecoin is a digital currency that can be used to safely carry out...
What is Ethereum 2.0, and Why does it Matter?
Ethereum gained a lot of success in early 2015 after its founder, Vitalik Buterin and his team of talented developers introduced a groundbreaking smart contract ecosystem to the blockchain industry. The smart contract soon created a whole new universe in the crypto...
What is Swing Trading Strategy?
Crypto trading has come a long way since the inception of the first digital currency, Bitcoin, in 2009. During the period after its launch, Bitcoin largely remained valueless. No one had purchased the coin nor invested in it. Today, more and more investors and...
What is Ethereum and Ethereum Classic?
If you follow the cryptocurrency ecosystem, you probably know about Ethereum and Ethereum Classic. The community is pretty divided on this topic. It all started with the infamous DAO Attack and Ethereum trying to mitigate damages nearly made a whole new Ethereum....
How to purchase Bitcoin in 2021
Bitcoin is inching towards $50,000 as we speak. The digital gold hit a record $49,000 yesterday. Investors worldwide have sent the price of the digital asset skyrocketing during the COVID pandemic as the U.S Federal Reserve crashed its interest rate to near zero in...
Fundamental Analysis Versus Technical Analysis? What is the main difference
Crypto trading is as cumbersome as traditional trading as it involves the analysis of complex parameters. Crypto trading applies the same principles as in forex, commodity, and stock markets. However, there may be some variations in how the crypto trading realm...
What is a Bitcoin ETF?
With Bitcoin breaking through the $45,000 ceiling, the cryptocurrency ecosystem’s total market cap has crossed $1 trillion in value. Today, Bitcoin itself has a whopping $882 million market cap, making it the largest and most popular cryptocurrency. Bitcoin is quickly...
What are the key elements in performing technical analysis of a cryptocurrency
The Crypto market is known for its volatility, an aspect that can bring you misery or a fortune at the same time. That being the case, cryptocurrency technical analysis becomes the key to trade successfully for either newbie or veteran traders in the industry. To...
What’s a Cryptocurrency Exit Scam? How Do You Spot One?
A crypto exit scam is a sham activity by deceitful cryptocurrency promoters who disappear after receiving investors' money. The scammers either vanish during or after the ICO with the funds they have collected. Crypto exit scams are often in the form of Bitcoin scams,...
Will Bitcoin or Cryptocurrency become the widely accepted currency in the world?
Over the last decade, cryptocurrencies have come a long way. The user base has grown substantially, the market is blossoming with fruitful colors, and the ecosystem is just getting better. Considering how far they’ve come, Cryptocurrencies are undoubtedly posing a...
Why does the cryptocurrency value change so often?
Since the introduction of cryptocurrencies in 2009, The digital asset has found itself hailed as one of the world's most volatile elements. No one knows when, why, and how but they do know how to capitalize on it. Cryptocurrency is undoubtedly one of the most...
What type of problems or risks could cryptocurrency pose to the financial system in the future.
Bitcoin soared over $32,000 over the weekend, people have resumed speculating the promising future of cryptocurrencies. Chief experts from notable investment companies suggest that Bitcoin could potentially replace the dollar as a global reserve currency....
What are the tips and tricks for someone wanting to invest in Cryptocurrencies in 2021?
Cryptocurrencies are booming once again, heading into 2020. The long-awaited crypto spring is finally here; Bitcoin is reaching new heights after hitting a record high of $27,000 in value. No one knows where it will stop when it is going to correct; however, one thing...
Where Is the Cryptocurrency Industry Headed in 2021?
The cryptocurrency Industry saw one of the best years in 2020. Digital currencies saw steady rises in their values owing to economic pressure due to the coronavirus pandemic. Companies and individuals alike invested heavily in cryptocurrencies in 2020 in a bid to curb...
How to Keep Safe from Cryptocurrency Scams
Crypto-related scams have continued to be on the rise ever since cryptography virtual currencies gained popularity globally. Inasmuch as operating in a digital environment has many advantages, including peer to peer focus and elimination of third parties,...
Top 5 DeFi projects to invest in 2021
Decentralized finance (DeFi) is an umbrella terminology that describes various financial technologies built on blockchain networks. These applications are geared towards disrupting traditional monetary systems by eliminating all intermediaries. With DeFi, the focus is...
10 Worst Performing Cryptocurrencies of 2020
2020 has been an eventful year as businesses and family clamor stays afloat and braces the aftermath of the storm the pandemic has caused. In particular, Cryptocurrencies were able to persevere as the market soared significantly in value all year long. With Bitcoin...
Top 5 Crypto Wallets to use in 2021
Cryptocurrency does not exist in reality but is instead a currency in digital form stored in crypto securely wallets for users and is used for online purchases of goods and services. Users with wallets can receive, spend and trade cryptocurrencies via their wallets...
10 Best performing Cryptocurrencies of 2020
The cryptocurrency market has soared significantly in value all year long, headless of the melancholic global economy and the aftermath of COVID-19 chaos. Bitcoin prices have crossed its once found peak, and the leading crypto asset in terms of market capitalisation...
Top 5 Reasons to Start Trading Crypto in 2021
Trading crypto is a lucrative investment, especially for those who understand the fundamentals of trading. The value of bitcoin, for example, in July 2010, was 0.06/coin USD. Bitcoin's value made the past 20,000$ mark for the first time on 16th December 2020. Such a...
5 Reasons why Bitcoin is at the beginning of the bull run
Ever since the crypto market saw the surge of bitcoin prices in 2017, the market has somewhat retained a predictable stance until recently, when the all-time highest bitcoin price of $20,000 has been surpassed. At the close of 2017, BTC prices had moved from below...
Everything You Need To Know About Crypto Signals
Over the years, the cryptocurrency market has taken a very successful route. Starting in 2009 as a peer-to-peer electronic cash system, Bitcoin was introduced by the still anonymous and mysterious pseudonym Satoshi Nakamoto. Priced at around $0.00001 in 2010, a large...
How to use MACD indicators on altcoin and Bitcoin
The basic concept of trading is quite simple, traders buy an asset at a lower price with the expectations of the price going up; and they sell the asset at a higher price when the price starts to drop. At the core, the mechanisms of trading may seem quite simple;...
What is the best cryptocurrency to buy on Binance in 2021
The cryptocurrency ecosystem has evolved with a plethora of diverse choices available to anyone at any time. With over $460 Billion shared among 7000 different cryptocurrencies, each has its unique liquidity, prices, functionalities, trends, and market movements. The...
How to spot an ICO scam
With the global crypto market inching towards a $500 Billion market capitalization, it is no surprise that the ecosystem is set to emerge even higher. As more people adopt the asset and its functionality, malicious users and hackers are working just as hard to...
How much do people make by trading cryptocurrency?
The Internet is filled with massive opportunities and possibilities. With the cryptocurrency ecosystem picking up its pace in mainstream media, the possibilities have amplified ten folds. Today millions of traders are ready to invest and capitalize on digital assets....
What are the advantages of Hodling Bitcoin and other crypto altcoins?
The cryptocurrency community is no stranger to the term ‘HODL,’ since it’s used so often, everyone coming up in the cryptocurrency community encounters it. While setting its origin in a popular bitcoin forum, Bitcointalk; Today, it refers to a strategy where investors...
How to make most of the bitcoin bull run
Bitcoin’s reign continues to rule over the cryptocurrency ecosystem with poise and mastery. Having surged almost 50% to its price, Bitcoin is bearing fruits for the cryptocurrency market. While Bitcoin inches towards its once achieved peak for $20,000 per bitcoin, The...
Everything you need to know about Bybit crypto trading signals in 2021
Crypto signals are predictions that show clients how the curve of market prices is likely to be shaped. The traders then put measures to make the most of the market curve. These indications could also show how other products price shift could have an impact on the...
What is a Mempool? Everything you need to know about Mempool
As all agree that Knowledge is power, Mycryptptoparadise focuses not only on crypto trading signals but also as a source of cryptocurrency know-how to its subscribers and crypto community at large. That being said, today, we shall look inside out the meaning of...
How to configure a ledger Nano S?
Ledger Nano S is a crypto ledger hardware wallet which, as per the popular opinion, is the most secure place to keep your crypto coins. It adds few procedures to complete a trade, but what counts for the most is the protection of your assets, more so when huge funds...
What are the disadvantages of HODL-ing Bitcoin and other cryptocurrencies?
The cryptocurrency community is no stranger to the term ‘HODL,’ since it’s used so often, everyone coming up in the cryptocurrency community encounters it. While setting its origin in a popular bitcoin forum, Bitcointalk; Today, it refers to a strategy where investors...
Litecoin vs. Bitcoin; The difference, which one is better
In what may seem like not so long ago, a person going by the alias, ‘Satoshi Nakamoto,’ struck the world with a powerful opportunity. While it still may be a mystery who is behind this revolution, either way, this powerful invention led to a global movement. Satoshi...
How to manage a crypto portfolio in 2020
As cryptocurrencies continue to revolutionize the financial industry with emerging inventions, millions of traders are making the shift towards finding financial success. A decade ago, Bitcoin led the crypto ecosystem; However, today, there are over 500 different...
What is Crypto Arbitrage, and how does it work?
You’ve probably come across the term arbitrage before. Especially now when Cryptocurrencies and cryptocurrency trading is at the headline for a majority of traders today. The Cryptocurrency ecosystem continues to mass-produce innovative products, and as a result,...
What is a Trezor Wallet and how does it work?
Developed by the SatoshiLabs, Trezor was the pioneer of cryptocurrency hardware wallets. Trezor has brought innovation to the cryptocurrency ecosystem by allowing crypto asset owners to safely store, and make transactions on a wide range of cryptocurrencies. In...
Top 10 Cryptocurrencies to invest in 2021
With more than six thousand cryptocurrencies in the digital market amid moments of volatility in the wake of the Covid19 pandemic, choosing the best cryptocurrency to invest in can be challenging. That should not mean investors should refrain from investing in...
Binance Crypto Trading 2021 – What You Need To Know Before You Start Trading Crypto!
Binance is undoubtedly one of the largest cryptocurrency exchanges within the crypto-sphere today. Founded back in 2017 by Changpeng Zhao, Binance soared to prominence during the historic cryptocurrency market-wide bull run in 2017. Binance was one of many...
Cardano project – Is it a good project?
The Crypto ecosystem is always on the rise to provide scalable, interoperable, and sustainable currencies that could actively replace traditional financial systems. While more significant and notable cryptocurrency companies compete to replace conventional financial...
How to use Binance futures – Binance Futures Guide 2021
The leading cryptocurrency exchange Binance has paved the way for the crypto trading space by introducing innovative features and opportunities. With over 2000 different assets listed on the leading exchange, millions of traders and users buy, sell, trade, and use...
What Every Trader Must Know before Trading on Bitmex?
When considering making a trade of popular cryptocurrencies, the first thing to think about is an effective peer-to-peer platform that is most efficient and with leveraged trades. BitMEX is one of the best platforms so far for trading on Bitcoins and many other...