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#CryptoCharts101 Crypto charts display price movements of cryptocurrencies over time, helping traders identify trends and patterns. They typically use bar charts or candlestick charts, showing the open, high, low, and close prices for a specific period. Understanding these charts is crucial for making informed trading decisions, as they reveal the strength and direction of price fluctuations.
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#TradingMistakes101 The first mistake that most traders tend to make is not understanding the current trend of the market. There are many different tools that can be utilized to understand the current trend, but one of the most common is the Moving Average indicator. A Moving Average Ribbon indicator is visualized on the chart below, displaying five moving averages of varying lengths. Traders can set the lengths to any values they’d like but it is generally recommended to utilize an even distribution of short and long lengths. As you flip through the symbols in your watchlist, you can very quickly see where the price is relative to each of these moving averages and where they are relative to one another. If the price is trading above the moving averages and they’re in alignment, meaning they’re in order from top to bottom, shortest to longest, then the asset is in a strong uptrend. This is visualized in the below image.
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#CryptoFees101 Cryptocurrencies are supported by a technology known as blockchain, which maintains a tamper-resistant record of transactions and keeps track of who owns what. The use of blockchains addressed a problem faced by previous efforts to create purely digital currencies: preventing people from making copies of their holdings and attempting to spend it twice [1] . Individual units of cryptocurrencies can be referred to as coins or tokens, depending on how they are used. Some are intended to be units of exchange for goods and services, others are stores of value, and some can be used to participate in specific software programs such as games and financial products.
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#SouthKoreaCryptoPolicy “mining farm” in Gwangju turned out to be a front for money-spinning of a different kind: illegal gambling. On Wednesday, South Korean police busted a makeshift gaming room that funneled over $95,000 (₩140 million) through unlicensed machines under the pretense of mining crypto. Gwangsan Police Station announced that they are investigating a man identified only as “Mr. A” for violating the Game Industry Promotion Act, per a local media report. The suspect reportedly installed 50 modified gaming machines and two kiosks in an office in Gwangsan-gu earlier this month, running the site under the guise of a virtual currency exchange and mining operation. Following the bust, authorities confiscated the gaming equipment and are expanding their investigation to identify possible accomplices. “Mr. A” allegedly modified a free mobile game, charging players $38 (₩50,000) per hour to play, and rewarded them with cash based on their scores. “We will actively block illegal gaming centers from reopening or spreading even after being cracked down on,” Chief Jeong Gyeong-ho said after the raid. Another police official added, “We plan to continuously and strongly crack down on illegal gaming rooms that threaten the people’s economy
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#BTC The Bitcoin community has been having a heated debate, and now one of its most outspoken members is raising the alarm. Samson Mow, the former Blockstream CSO and current CEO of JAN3, says that Bitcoin Core — the main software most nodes use — has become a "risk to Bitcoin."btc is crypto mother coin.btc all time moving high, those who have btc have not been harmed yet, they are the smartest people in the world.$BTC
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