How To Protect Against Ransomwares Attacks
Ransomware is an aggressive piece of malware that usually takes over a victimβs data or device and holds it hostage until a sum of money is released to free it.
The followings are the steps that should be taken to avoid ransomwares attacks:
πΉ Never click on insecure links;
πΉ Avoid disclosing personal information;
πΉ Do not open suspicious email attachments;
πΉ Never use unknown USBs;
πΉ Keep all of your softwares and operating systems updated;
πΉ Use only known download sources;
πΉ Use of VPN services on Public Wi-Fi Networks.
If you are the victim of a file encryption ransomware attack, you can follow these steps to remove the encryption Trojan:
1οΈβ£ Disconnect your system from the Internet;
2οΈβ£ Do some scan with your internet security software;
3οΈβ£ Utilize a ransomware decryption tool;
4οΈβ£ Restitute the backup.
π Read more with examples:
https://nominex.io/blog/education/how-to-prevent-and-remove-ransomware/
#tutorial
Ransomware is an aggressive piece of malware that usually takes over a victimβs data or device and holds it hostage until a sum of money is released to free it.
The followings are the steps that should be taken to avoid ransomwares attacks:
πΉ Never click on insecure links;
πΉ Avoid disclosing personal information;
πΉ Do not open suspicious email attachments;
πΉ Never use unknown USBs;
πΉ Keep all of your softwares and operating systems updated;
πΉ Use only known download sources;
πΉ Use of VPN services on Public Wi-Fi Networks.
If you are the victim of a file encryption ransomware attack, you can follow these steps to remove the encryption Trojan:
1οΈβ£ Disconnect your system from the Internet;
2οΈβ£ Do some scan with your internet security software;
3οΈβ£ Utilize a ransomware decryption tool;
4οΈβ£ Restitute the backup.
π Read more with examples:
https://nominex.io/blog/education/how-to-prevent-and-remove-ransomware/
#tutorial
π5
How to start trading?
Real practice on a demo account is a great way!
The #tutorial for those who want to learn how to compete with other traders and win. Check how good you are at trading without risking anything!
πΉ Each participant receives 10,000 virtual USDT in their demo account at the beginning of each round of the tournament.
πΉ The higher your profit (ROI), the higher you rank on the leaderboard and the larger your prize.
Participation in the tournament 24/7.
Track statistics of your tournament in real time!
πParicipate:
https://nominex.io/en/tournaments/arenas/demo/
Real practice on a demo account is a great way!
The #tutorial for those who want to learn how to compete with other traders and win. Check how good you are at trading without risking anything!
πΉ Each participant receives 10,000 virtual USDT in their demo account at the beginning of each round of the tournament.
πΉ The higher your profit (ROI), the higher you rank on the leaderboard and the larger your prize.
Participation in the tournament 24/7.
Track statistics of your tournament in real time!
πParicipate:
https://nominex.io/en/tournaments/arenas/demo/
π4
Dow Theory
Technical analysis #tutorial to help you start trading
Dow's work gave rise to the concept of market trends, which is considered an important element of the financial world.
According to Dow theory, there are three main types of market trends:
β³ Long-term β lasts from a couple of months to many years, this is the main market movement.
β± Intermediate β from weeks to several months.
βοΈ Short-term β goes out in a week or a maximum of ten days, sometimes in a few hours.
The primary trend is key, and opportunities tend to occur when secondary or short-term trends counter the main trend.
Long-term trends are divided into three phases:
π° Accumulation is the time of buying after the previous trend.
π Public participation β most have noticed the trends and assets are growing rapidly.
πΈ Excess and distribution β smart traders sell assets to the inert majority.
π Read more:
nominex.io/blog/education/dow-theory/
Technical analysis #tutorial to help you start trading
Dow's work gave rise to the concept of market trends, which is considered an important element of the financial world.
According to Dow theory, there are three main types of market trends:
β³ Long-term β lasts from a couple of months to many years, this is the main market movement.
β± Intermediate β from weeks to several months.
βοΈ Short-term β goes out in a week or a maximum of ten days, sometimes in a few hours.
The primary trend is key, and opportunities tend to occur when secondary or short-term trends counter the main trend.
Long-term trends are divided into three phases:
π° Accumulation is the time of buying after the previous trend.
π Public participation β most have noticed the trends and assets are growing rapidly.
πΈ Excess and distribution β smart traders sell assets to the inert majority.
π Read more:
nominex.io/blog/education/dow-theory/
π6
6 ways to avoid psychological traps
#tutorial
1. Understanding your own psycho type
The following types are most often taken into account:
-intellectual;
-intuitive;
-instinctive.
This knowledge will help you find the market and strategies that are right for you.
2. Emotional control
Successful traders can track when emotions are blocking their minds and have practices to help them return to rational trading.
3. Work on mistakes
Many people record deals on video and analyze the recordings at the end of the week.
4. Technology limits and restrictions
Pre-set limits will ensure that you cannot lose too much.
5. Community support
When communicating, experienced traders can notice alarming signals in the behavior of their colleagues and track, as well as help with adaptation to the market.
6. Knowledge and systems approach
The ability to apply theory at the right time will help you avoid mistakes in the future.
π Learn to trade:
https://nominex.io/my/education/courses/1
#tutorial
1. Understanding your own psycho type
The following types are most often taken into account:
-intellectual;
-intuitive;
-instinctive.
This knowledge will help you find the market and strategies that are right for you.
2. Emotional control
Successful traders can track when emotions are blocking their minds and have practices to help them return to rational trading.
3. Work on mistakes
Many people record deals on video and analyze the recordings at the end of the week.
4. Technology limits and restrictions
Pre-set limits will ensure that you cannot lose too much.
5. Community support
When communicating, experienced traders can notice alarming signals in the behavior of their colleagues and track, as well as help with adaptation to the market.
6. Knowledge and systems approach
The ability to apply theory at the right time will help you avoid mistakes in the future.
π Learn to trade:
https://nominex.io/my/education/courses/1
π3
Scalping is a trade in which a trader makes a small profit from each price movement on short timeframes.
Trading in the medium term is the most optimal and less risky option for beginners. Profit / loss is formed from price movements for periods equal to an hour, several hours, days.
Trading on long-term timeframes (week, month) β here decisions on deals are formed based on the analysis of economic processes and external factors.
Instant trading is a rare type when you trades on different timeframes.
Technical trading β it based on technical analysis.
Fundamental trading β in the medium term trader using fundamental analysis.
High-frequency trading is trading that is carried out not by people, but by powerful computers and algorithms.
#tutorial
With Nominex, trading is more profitable than anywhere else, and you can also practice trading in a demo tournament:
nominex.io/tournaments/arenas/demo/
Which of the directions is closest to you?
Trading in the medium term is the most optimal and less risky option for beginners. Profit / loss is formed from price movements for periods equal to an hour, several hours, days.
Trading on long-term timeframes (week, month) β here decisions on deals are formed based on the analysis of economic processes and external factors.
Instant trading is a rare type when you trades on different timeframes.
Technical trading β it based on technical analysis.
Fundamental trading β in the medium term trader using fundamental analysis.
High-frequency trading is trading that is carried out not by people, but by powerful computers and algorithms.
#tutorial
With Nominex, trading is more profitable than anywhere else, and you can also practice trading in a demo tournament:
nominex.io/tournaments/arenas/demo/
Which of the directions is closest to you?
π9
DeFi vs Fiat
DeFi is not an attempt to replace fiat money, but the intention to create a financial system based on the same government money, but implementing an alternative, more equitable, income distribution system.
How fiat loses to DeFi:
πΉ Territorial limitation.
95% of banks can only lend to local companies. To apply for an international loan, you will need to collect dozens of different certificates, statements, letters, etc.
πΉ Limited loan amount.
As a rule, banks have a strict limit on the amount of a loan, and DeFi applications can provide almost unlimited loans;
πΉ The high cost of bank loans.
And loans in cryptocurrency can cost users a penny.
The future challenge for the industry is to make finance open, fair, secure and accessible to all.
π Read more:
nominex.io/blog/education/what-are-defi-tokens/
#tutorial
DeFi is not an attempt to replace fiat money, but the intention to create a financial system based on the same government money, but implementing an alternative, more equitable, income distribution system.
How fiat loses to DeFi:
πΉ Territorial limitation.
95% of banks can only lend to local companies. To apply for an international loan, you will need to collect dozens of different certificates, statements, letters, etc.
πΉ Limited loan amount.
As a rule, banks have a strict limit on the amount of a loan, and DeFi applications can provide almost unlimited loans;
πΉ The high cost of bank loans.
And loans in cryptocurrency can cost users a penny.
The future challenge for the industry is to make finance open, fair, secure and accessible to all.
π Read more:
nominex.io/blog/education/what-are-defi-tokens/
#tutorial
π7
γ½οΈ Moving Average is a technical indicator that market analysts and investors may use to determine the direction of a trend.
The data points summarize financial security over a specific period of time and divide the total by the number of data points to reach an average. This average is called βmovingβ because it is constantly recalculated based on the latest price data.
β± Moving Average is the average price of an asset over a period of time.
Traders can only add one moving average or have different time frames on a chart.
The moving average is usually calculated to identify the direction of a stock or to determine its support and resistance levels.
π Investors may choose different time periods to calculate the moving average based on their trading goals.
Once you have learned how to use the moving average types, you can look at the sell signals that this indicator has given in the past to get the success of the trades.
π₯ Trading training course:
nominex.io/my/education/courses/1
#tutorial
The data points summarize financial security over a specific period of time and divide the total by the number of data points to reach an average. This average is called βmovingβ because it is constantly recalculated based on the latest price data.
β± Moving Average is the average price of an asset over a period of time.
Traders can only add one moving average or have different time frames on a chart.
The moving average is usually calculated to identify the direction of a stock or to determine its support and resistance levels.
π Investors may choose different time periods to calculate the moving average based on their trading goals.
Once you have learned how to use the moving average types, you can look at the sell signals that this indicator has given in the past to get the success of the trades.
π₯ Trading training course:
nominex.io/my/education/courses/1
#tutorial
π5
Metamask Guide
If you are dealing with something, then you need to understand it. Therefore, we make posts for you under the heading #tutorial.
Our community is constantly growing, and among us there are newcomers who will find this information useful.
βΉοΈ We have prepared for you another step-by-step guide with screenshots that will help everyone deal with the wallet! Just follow the instructions.
Metamask is a browser extension that allows you to store your assets outside of cryptocurrency exchanges under your own control.
π Metamask is needed primarily to trade or swap on centralized exchanges or DEXs.
π This is the most popular, secure and in-demand tool for trading, buying and storing tokens based on Ethereum or BSC.
π Read the guide:
https://nominex.io/blog/how-to-use-metamask/
________
Nominex Resources
If you are dealing with something, then you need to understand it. Therefore, we make posts for you under the heading #tutorial.
Our community is constantly growing, and among us there are newcomers who will find this information useful.
βΉοΈ We have prepared for you another step-by-step guide with screenshots that will help everyone deal with the wallet! Just follow the instructions.
Metamask is a browser extension that allows you to store your assets outside of cryptocurrency exchanges under your own control.
π Metamask is needed primarily to trade or swap on centralized exchanges or DEXs.
π This is the most popular, secure and in-demand tool for trading, buying and storing tokens based on Ethereum or BSC.
π Read the guide:
https://nominex.io/blog/how-to-use-metamask/
________
Nominex Resources
π4π₯1
Cryptocurrency Guides
We regularly make educational posts for you under the #tutorial section, where we briefly and to the point talk about the basic concepts from the world of cryptocurrency.
We also compile all kinds of guides designed to help users (especially beginners) master crypto technologies.
Our posts will introduce you and your friends to the crypto world and help you navigate it better.
Read with pleasure, share with your friends, raise your level of crypto erudition with us.
List of latest tutorials:
π Differences between BTC and ETH
πΈ Trading during altcoin season
π³ How to purchase assets in the Nominex ecosystem
π How to read cryptocurrency quotes correctly
π Web 3.0 difference
γ°οΈ Reasons of cryptocurrency volatility
π What are DeFi applications?
π°How to connect MetaMask by WalletConnect
π‘ Ransomware Protection
βοΈ DeFi vs Fiat
γ½οΈ Moving average indicator
β¬ οΈ Previous lists of tutorials
π DEX guides
We regularly make educational posts for you under the #tutorial section, where we briefly and to the point talk about the basic concepts from the world of cryptocurrency.
We also compile all kinds of guides designed to help users (especially beginners) master crypto technologies.
Our posts will introduce you and your friends to the crypto world and help you navigate it better.
Read with pleasure, share with your friends, raise your level of crypto erudition with us.
List of latest tutorials:
π Differences between BTC and ETH
πΈ Trading during altcoin season
π³ How to purchase assets in the Nominex ecosystem
π How to read cryptocurrency quotes correctly
π Web 3.0 difference
γ°οΈ Reasons of cryptocurrency volatility
π What are DeFi applications?
π°How to connect MetaMask by WalletConnect
π‘ Ransomware Protection
βοΈ DeFi vs Fiat
γ½οΈ Moving average indicator
β¬ οΈ Previous lists of tutorials
π DEX guides
π7
Fear and greed today
To date, the crypto market fear and greed (F&G) index has fallen to its lowest level since March 28, 2020
The Fear and Greed Index is a scale that reflects the mood of investors in the market. 0 on the scale means "extreme fear" and 100 means "extreme greed"
π More about the index:
https://t.me/nominex_announcements/1137
The user sentiment indicator has moved to the 8/100 mark (extreme fear), indicating strong investor anxiety
Anxious moods in the market began with the collapse of the price of the stablecoin TerraUSD (UST) and the temporary loss of the peg of Tether (USDT) to the US dollar
On May 12, the bitcoin rate fell to a local low of $26.7 thousand. Today it is trading at about $30.5K
On March 28, 2020, the fear and greed indicator was also at 8/100, which happened two weeks after the collapse of the crypto market due to the pandemic. At that time, the value of bitcoin was falling to $3.7K
π Trade on Nominex CEX:
Nominex.io
π° Trading and farming on Nomiswap DEX:
Nomiswap.io
To date, the crypto market fear and greed (F&G) index has fallen to its lowest level since March 28, 2020
The Fear and Greed Index is a scale that reflects the mood of investors in the market. 0 on the scale means "extreme fear" and 100 means "extreme greed"
π More about the index:
https://t.me/nominex_announcements/1137
The user sentiment indicator has moved to the 8/100 mark (extreme fear), indicating strong investor anxiety
Anxious moods in the market began with the collapse of the price of the stablecoin TerraUSD (UST) and the temporary loss of the peg of Tether (USDT) to the US dollar
On May 12, the bitcoin rate fell to a local low of $26.7 thousand. Today it is trading at about $30.5K
On March 28, 2020, the fear and greed indicator was also at 8/100, which happened two weeks after the collapse of the crypto market due to the pandemic. At that time, the value of bitcoin was falling to $3.7K
π Trade on Nominex CEX:
Nominex.io
π° Trading and farming on Nomiswap DEX:
Nomiswap.io
π7
What is P2P?
The P2P platform allows buyers and sellers to transact without intermediaries.
π Essentially, a P2P system is supported by a distributed network of users. They usually don't have a central administrator or server because each node keeps a copy of the files, acting as both a client and a server for other nodes.
Each node can download files from or upload files to other nodes. This is what distinguishes P2P networks from more traditional client-server systems, in which client devices download files from a centralized server.
The P2P architecture inherent in blockchain technology allows bitcoin and other cryptocurrencies to be transferred around the world without the need for intermediaries or a central server.
In addition to being secure, P2P is also more resistant to regulatory censorship.
#tutorial
π Read more:
https://nominex.io/blog/education/peer-to-peer-networks/
The P2P platform allows buyers and sellers to transact without intermediaries.
π Essentially, a P2P system is supported by a distributed network of users. They usually don't have a central administrator or server because each node keeps a copy of the files, acting as both a client and a server for other nodes.
Each node can download files from or upload files to other nodes. This is what distinguishes P2P networks from more traditional client-server systems, in which client devices download files from a centralized server.
The P2P architecture inherent in blockchain technology allows bitcoin and other cryptocurrencies to be transferred around the world without the need for intermediaries or a central server.
In addition to being secure, P2P is also more resistant to regulatory censorship.
#tutorial
π Read more:
https://nominex.io/blog/education/peer-to-peer-networks/
π5
What is NFT and how to create it?
Submit your NFTs in the comments!
NFT (non-fungible token) is a blockchain asset, which is an intangible and unique digital object that cannot be replaced by other assets. Each NFT is unique and limited.
πΌ NFTs are distinguished by metadata and unique identifiers such as barcodes. The ownership of the NFT is registered on the blockchain platform, is immutable, and no one can encroach on it.
NFTs are stored and transferred in the same way as other digital currencies, but the difference is that each unit of non-fungible tokens has its own value.
The most common types of NFTs on the market are:
β’ artistic and digital images;
β’ music;
β’ films;
β’ game objects;
β’ collection and business cards;
β’ domain names;
β’ memes;
β’ virtual fashion items;
You can create your own NFT on the respective site by uploading your artwork to the auction and paying a fee.
Would you like to see NFT in the Nominex ecosystem? π
#tutorial
Submit your NFTs in the comments!
NFT (non-fungible token) is a blockchain asset, which is an intangible and unique digital object that cannot be replaced by other assets. Each NFT is unique and limited.
πΌ NFTs are distinguished by metadata and unique identifiers such as barcodes. The ownership of the NFT is registered on the blockchain platform, is immutable, and no one can encroach on it.
NFTs are stored and transferred in the same way as other digital currencies, but the difference is that each unit of non-fungible tokens has its own value.
The most common types of NFTs on the market are:
β’ artistic and digital images;
β’ music;
β’ films;
β’ game objects;
β’ collection and business cards;
β’ domain names;
β’ memes;
β’ virtual fashion items;
You can create your own NFT on the respective site by uploading your artwork to the auction and paying a fee.
Would you like to see NFT in the Nominex ecosystem? π
#tutorial
β€9π4
How to start trading?
Real practice on a demo account is a great way!
The #tutorial for those who want to learn how to compete with other traders and win. Check how good you are at trading without risking anything!
πΉ Each participant receives 10,000 virtual USDT in their demo account at the beginning of each round of the tournament.
πΉ The higher your profit (ROI), the higher you rank on the leaderboard and the larger your prize.
Participation in the tournament 24/7.
Track statistics of your tournament in real time!
πParticipate:
https://nominex.io/en/tournaments/arenas/demo/
Real practice on a demo account is a great way!
The #tutorial for those who want to learn how to compete with other traders and win. Check how good you are at trading without risking anything!
πΉ Each participant receives 10,000 virtual USDT in their demo account at the beginning of each round of the tournament.
πΉ The higher your profit (ROI), the higher you rank on the leaderboard and the larger your prize.
Participation in the tournament 24/7.
Track statistics of your tournament in real time!
πParticipate:
https://nominex.io/en/tournaments/arenas/demo/
β€4π1
π¦ MetaMask + Ledger in 10 easy steps π
The combination of these wallets creates a physical U2F and is the most secure way to store cryptocurrencies.
1οΈβ£ Buy a Ledger hardware wallet.
2οΈβ£ Create an Ethereum account when logging into Ledger Live. To do this, select the "Accounts" option on the left side and select the "Add Ethereum Account" option.
3οΈβ£ Convert fiat currency to Ethereum.
4οΈβ£ Activate your Ethereum account via Ledger Live in MetaMask.
5οΈβ£ Connect your Ledger Nano wallet to your computer. Then launch MetaMask on your system.
6οΈβ£ In the upper right part of MetaMask, select the "Connect a hardware wallet" option.
7οΈβ£ Click "Continue" and unlock Ledger.
8οΈβ£ Select your MetaMask account.
9οΈβ£ Enable blind signature in the app settings.
π Open MetaMask settings, then "Advanced settings" and enable use with Ledger Live.
#tutorial
Do you use Ledger?
The combination of these wallets creates a physical U2F and is the most secure way to store cryptocurrencies.
1οΈβ£ Buy a Ledger hardware wallet.
2οΈβ£ Create an Ethereum account when logging into Ledger Live. To do this, select the "Accounts" option on the left side and select the "Add Ethereum Account" option.
3οΈβ£ Convert fiat currency to Ethereum.
4οΈβ£ Activate your Ethereum account via Ledger Live in MetaMask.
5οΈβ£ Connect your Ledger Nano wallet to your computer. Then launch MetaMask on your system.
6οΈβ£ In the upper right part of MetaMask, select the "Connect a hardware wallet" option.
7οΈβ£ Click "Continue" and unlock Ledger.
8οΈβ£ Select your MetaMask account.
9οΈβ£ Enable blind signature in the app settings.
π Open MetaMask settings, then "Advanced settings" and enable use with Ledger Live.
#tutorial
Do you use Ledger?
π7
Trading #tutorial
π· Buying and reselling on P2P sites
The user makes a profit from the spread β the difference between the buy or sell price. Exchanges make money on the spread, but an individual can implement a similar scheme. It is better to use P2P platforms for this purpose, where the seller and the buyer agree directly on the exchange.
π· Inter-Exchange Arbitration
This method is based on the difference in rates of different trading platforms. If on one exchange the rate of some asset is higher than on another, then you can make money on this difference.
π· Hodling
Long-term investment will be more effective if the exchange is made at a favorable rate. It is important here to buy an asset on a dip, and sell at the top, choosing an exchange with the most profitable rate.
π· Your own internet exchanger
This is a full-fledged business in which income is formed from commissions paid by sellers and buyers.
βοΈ It's even more profitable on nominex
nominex.io/markets/
π· Buying and reselling on P2P sites
The user makes a profit from the spread β the difference between the buy or sell price. Exchanges make money on the spread, but an individual can implement a similar scheme. It is better to use P2P platforms for this purpose, where the seller and the buyer agree directly on the exchange.
π· Inter-Exchange Arbitration
This method is based on the difference in rates of different trading platforms. If on one exchange the rate of some asset is higher than on another, then you can make money on this difference.
π· Hodling
Long-term investment will be more effective if the exchange is made at a favorable rate. It is important here to buy an asset on a dip, and sell at the top, choosing an exchange with the most profitable rate.
π· Your own internet exchanger
This is a full-fledged business in which income is formed from commissions paid by sellers and buyers.
βοΈ It's even more profitable on nominex
nominex.io/markets/
π4
π» Bear market stages
The concept of "bulls" and "bears" appeared in exchange terminology in the 18th century!
"Bulls" in the market are buyers, "bears" are sellers.
Buying moves the price up, therefore it is associated with bullish horns tossing it.
The fall of the price is reminiscent of pressing it with bearish power
Stages of a bear market:
π€© Optimism
This is a time of high investor interest: everyone is actively and expensively buying, the market is growing. All this leads to the fading of consumer appetites, the players take profits, growth stops.
π Fall
The sellers are defeating the bulls, pushing asset prices down.
π€ Speculative Phase
To make money in a bear market, buyers buy assets, raising their prices, but not for long. This is necessary so that other people, by inertia, start buying a growing asset, and the first buyers quickly take profits. Despite the short-term growth, the general trend of the market remains downward.
βοΈ Fall Slowdown
The market is entering an oversold phase, and investors are gradually starting to buy assets again at favorable prices. The mood in the market is gradually returning to the bullish one.
π Return to Gowth
At this stage, assets become cheap and unprofitable to sell. Short positions in the market are reduced, the majority starts buying again, ignoring the negative news. The fall is slowed down as much as possible, prices turn into a sideways movement, which after that will most likely be replaced by a bullish breakout.
What stage do you think the market is in right now? And what will help him move to a bullish trend faster?
π Exchange tokens on CEX: Nominex.io/markets
π Swap tokens on DEX: Nomiswap.io/swap
#tutorial
The concept of "bulls" and "bears" appeared in exchange terminology in the 18th century!
"Bulls" in the market are buyers, "bears" are sellers.
Buying moves the price up, therefore it is associated with bullish horns tossing it.
The fall of the price is reminiscent of pressing it with bearish power
Stages of a bear market:
π€© Optimism
This is a time of high investor interest: everyone is actively and expensively buying, the market is growing. All this leads to the fading of consumer appetites, the players take profits, growth stops.
π Fall
The sellers are defeating the bulls, pushing asset prices down.
π€ Speculative Phase
To make money in a bear market, buyers buy assets, raising their prices, but not for long. This is necessary so that other people, by inertia, start buying a growing asset, and the first buyers quickly take profits. Despite the short-term growth, the general trend of the market remains downward.
βοΈ Fall Slowdown
The market is entering an oversold phase, and investors are gradually starting to buy assets again at favorable prices. The mood in the market is gradually returning to the bullish one.
π Return to Gowth
At this stage, assets become cheap and unprofitable to sell. Short positions in the market are reduced, the majority starts buying again, ignoring the negative news. The fall is slowed down as much as possible, prices turn into a sideways movement, which after that will most likely be replaced by a bullish breakout.
What stage do you think the market is in right now? And what will help him move to a bullish trend faster?
π Exchange tokens on CEX: Nominex.io/markets
π Swap tokens on DEX: Nomiswap.io/swap
#tutorial
π11β€2
Correlation of cryptocurrencies and causes of market dynamics.
Why is everything in the market connected, and what does it depend on? Forewarned is forearmed!
The correlation of assets is the synchronous movement of their prices. It is generally accepted that in the crypto market, most currencies follow bitcoin.
The correlation is especially pronounced when BTC falls. Bitcoin correction by 10-15% can cause a 20-30% collapse of altcoins. However, with the growth of the first cryptocurrency, the recovery of altcoins is slower.
Alts repeat the movement of BTC, but not exactly the same. And the growth of bitcoin most often outstrips the rest of the market.
There are several popular opinions about the relationship between altcoins and BTC:
πΉ All digital currencies react to external events in the same way, but with different sensitivity.
πΉ So far, many investors see the whole cryptocurrency as one and use it accordingly.
πΉ Whales use bitcoin as a reserve currency during a deep market drawdown.
Also, all cryptocurrencies are affected by the same factors, which is the factor of their correlation:
π₯ Unpredictable Events
Hacking large exchanges, banning accounts of popular personalities in the crypto industry, unexpected news from the world of the economy.
π¬ Opinions of Popular People
For example, Elon Musk often speaks about DOGE, which affects its price.
π Politics
If large states legalize or prohibit operations with crypto assets, this often affects the market.
π Actions of Exchanges
Large sites often hold competitions and listings of tokens, influencing their price in a certain period.
π New Product Launches
Best of all, assets rise in price against the backdrop of news about the development of projects, the implementation of updates and the useful use of tokens
What factors seem to you the most significant, and what other reasons do you single out?
π Trade on DEX: Nomiswap.io/swap
π Trade on CEX: Nominex.io/markets
Send the #tutorial to your friends, bring them up to date!
Why is everything in the market connected, and what does it depend on? Forewarned is forearmed!
The correlation of assets is the synchronous movement of their prices. It is generally accepted that in the crypto market, most currencies follow bitcoin.
The correlation is especially pronounced when BTC falls. Bitcoin correction by 10-15% can cause a 20-30% collapse of altcoins. However, with the growth of the first cryptocurrency, the recovery of altcoins is slower.
Alts repeat the movement of BTC, but not exactly the same. And the growth of bitcoin most often outstrips the rest of the market.
There are several popular opinions about the relationship between altcoins and BTC:
πΉ All digital currencies react to external events in the same way, but with different sensitivity.
πΉ So far, many investors see the whole cryptocurrency as one and use it accordingly.
πΉ Whales use bitcoin as a reserve currency during a deep market drawdown.
Also, all cryptocurrencies are affected by the same factors, which is the factor of their correlation:
π₯ Unpredictable Events
Hacking large exchanges, banning accounts of popular personalities in the crypto industry, unexpected news from the world of the economy.
π¬ Opinions of Popular People
For example, Elon Musk often speaks about DOGE, which affects its price.
π Politics
If large states legalize or prohibit operations with crypto assets, this often affects the market.
π Actions of Exchanges
Large sites often hold competitions and listings of tokens, influencing their price in a certain period.
π New Product Launches
Best of all, assets rise in price against the backdrop of news about the development of projects, the implementation of updates and the useful use of tokens
What factors seem to you the most significant, and what other reasons do you single out?
π Trade on DEX: Nomiswap.io/swap
π Trade on CEX: Nominex.io/markets
Send the #tutorial to your friends, bring them up to date!
π₯13
Forwarded from Nomiswap News
What is staking and how to get passive income from cryptocurrency?
Staking is a way to earn passive income in cryptocurrency from your stake in a pool by providing liquidity.
For this income, you need to hold tokens in a wallet or on a specific platform.
If we talk about mining, you will have to spend money on expensive equipment and electricity, as well as understand the complex processes of its operation.
In trading, you need to study technical analysis and constantly keep your finger on the pulse of the market, making this activity your main job and still take high risks.
To stake, you just need to put funds into the liquidity pool and earn interest on the deposit. But there are still risks here, for example, those associated with the exchange rate, so make these decisions consciously.
Types of staking
π₯Ά Cold staking on hardware wallets
In this case, the user keeps a share of tokens in his wallet and can participate in block validation (the process associated with the generation of rewards in the blockchain), increasing his funds.
This option is quite reliable and safe, and therefore is well suited for those who own large amounts of cryptocurrencies.
β Stablecoins Staking
This method itself differs from others in the features of the assets in which you invest. The stablecoin is pegged to fiat money and does not have increased volatility. That is, in the case of stable coins, an investor can practically not worry about risks, but the income will be significantly less.
Nomiswap.io exchange has the highest percentage of stablecoin returns among the TOP exchanges.
π Staking tokens on exchanges
Many crypto projects today allow users to earn income for liquidity. Decentralized exchanges are good because they do not directly own users' money, and all transactions on them take place directly between people, which speaks in favor of the increased security of this method.
π Profitable staking (92% per annum): https://nomiswap.io/pools
#tutorial
Staking is a way to earn passive income in cryptocurrency from your stake in a pool by providing liquidity.
For this income, you need to hold tokens in a wallet or on a specific platform.
If we talk about mining, you will have to spend money on expensive equipment and electricity, as well as understand the complex processes of its operation.
In trading, you need to study technical analysis and constantly keep your finger on the pulse of the market, making this activity your main job and still take high risks.
To stake, you just need to put funds into the liquidity pool and earn interest on the deposit. But there are still risks here, for example, those associated with the exchange rate, so make these decisions consciously.
Types of staking
π₯Ά Cold staking on hardware wallets
In this case, the user keeps a share of tokens in his wallet and can participate in block validation (the process associated with the generation of rewards in the blockchain), increasing his funds.
This option is quite reliable and safe, and therefore is well suited for those who own large amounts of cryptocurrencies.
β Stablecoins Staking
This method itself differs from others in the features of the assets in which you invest. The stablecoin is pegged to fiat money and does not have increased volatility. That is, in the case of stable coins, an investor can practically not worry about risks, but the income will be significantly less.
Nomiswap.io exchange has the highest percentage of stablecoin returns among the TOP exchanges.
π Staking tokens on exchanges
Many crypto projects today allow users to earn income for liquidity. Decentralized exchanges are good because they do not directly own users' money, and all transactions on them take place directly between people, which speaks in favor of the increased security of this method.
π Profitable staking (92% per annum): https://nomiswap.io/pools
#tutorial
π17β€2
What do the Shadows of Japanese Candlesticks Say?
Domination of Sellers or Buyers
The body of the candle provides important information for analytics, but the shadows carry with them no less important information about the strength of the figure, sellers or buyers. The shadow of a Japanese candlestick always indicates the minimum and maximum price for the period β the timeframe selected by the trader in the trading terminal. The longer the period, the stronger the signals, because more speculators participate in transactions in 1 hour than in 15 minutes.
π― Japanese candlestick shadows on charts
The length of the shadows may be different, they may not be at all, and each case must be correctly interpreted to understand the market situation. Let's analyze several options that can form on the chart:
πΉ Short shadows
Open and close levels are concentrated near the highs and lows of the candle. In the market, at the moment, the strength of buyers (on a green candle) or sellers (if the candle is red, falling) is observed;
π· Long shadows
This is a sign of active trading, a struggle between bulls and bears. If, for example, there is a long upper shadow on an uptrend, sellers are trying to break the trend and actively sell. In the case of a growing trend and a long lower shadow, we can talk about squeezing sellers up due to active purchases;
π¦ Equal length shadows
In this case, there is uncertainty on the market, the forces of sellers and buyers are equal. Examples are the spinning top or doji pattern, which has a body in the form of a horizontal bar and short shadows. For analysis, the candle following the top or doji is important, which can predetermine either a reversal or a continuation of the trend.
It is important to look for the logic of entering an asset only after confirming the entry point based on additional data - indicator indicators, Elliot waves, levels and other available options.
And you can practice your analysis skills at Nominex.io/markets
#tutorial
Domination of Sellers or Buyers
The body of the candle provides important information for analytics, but the shadows carry with them no less important information about the strength of the figure, sellers or buyers. The shadow of a Japanese candlestick always indicates the minimum and maximum price for the period β the timeframe selected by the trader in the trading terminal. The longer the period, the stronger the signals, because more speculators participate in transactions in 1 hour than in 15 minutes.
π― Japanese candlestick shadows on charts
The length of the shadows may be different, they may not be at all, and each case must be correctly interpreted to understand the market situation. Let's analyze several options that can form on the chart:
πΉ Short shadows
Open and close levels are concentrated near the highs and lows of the candle. In the market, at the moment, the strength of buyers (on a green candle) or sellers (if the candle is red, falling) is observed;
π· Long shadows
This is a sign of active trading, a struggle between bulls and bears. If, for example, there is a long upper shadow on an uptrend, sellers are trying to break the trend and actively sell. In the case of a growing trend and a long lower shadow, we can talk about squeezing sellers up due to active purchases;
π¦ Equal length shadows
In this case, there is uncertainty on the market, the forces of sellers and buyers are equal. Examples are the spinning top or doji pattern, which has a body in the form of a horizontal bar and short shadows. For analysis, the candle following the top or doji is important, which can predetermine either a reversal or a continuation of the trend.
It is important to look for the logic of entering an asset only after confirming the entry point based on additional data - indicator indicators, Elliot waves, levels and other available options.
And you can practice your analysis skills at Nominex.io/markets
#tutorial
β€8π₯2
What are stablecoins?
This is a #tutorial for beginners and those who want to help their friends understand the world of cryptocurrency
Stablecoins, unlike other cryptocurrencies, are released to the market by pegging their value to a traditional asset such as the dollar, euro, gold, and so on.
β The main task of these digital coins is to maintain an equal value with the assets to which they are linked.
A company issuing a stablecoin usually keeps an equal amount in a bank to keep its price stable.
To issue, for example, one million dollars worth of USDT token, Tether must hold this amount as a reserve and set a price of $1 for each token.
The disadvantages of some stablecoins are that they are based on algorithms, and not on the exact maintenance of a physical reserve of funds.
The algorithm burns the existing volume of tokens in order to maintain a fixed price, but in this case there is a vulnerability β numerous short sales in large volumes can squander the price of the token, deviating it from stability.
With stablecoins, traders often buy other crypto assets, avoiding high transaction fees.
π Stablecoins are especially useful if you want to keep money in cryptocurrency and not be afraid of the risks of price volatility.
Also, stablecoins provide liquidity and a constant opportunity to trade on crypto exchanges.
The stablecoin industry is constantly evolving. For example, Tether has already issued tokens pegged to the euro (EURT), Chinese yuan (CHNT), Mexican peso (MXNT), British pound (GBPT).
βIn what stablecoins do you store your funds?
π On the Nomiswap exchange, you can get the highest stablecoin income among the TOP exchanges on the market:
π¦ USDC-USDT (APR 9.1%): https://bit.ly/3qMM4wN
π§ BUSD-USDT (APR 9%): https://bit.ly/33czbTM
This is a #tutorial for beginners and those who want to help their friends understand the world of cryptocurrency
Stablecoins, unlike other cryptocurrencies, are released to the market by pegging their value to a traditional asset such as the dollar, euro, gold, and so on.
β The main task of these digital coins is to maintain an equal value with the assets to which they are linked.
A company issuing a stablecoin usually keeps an equal amount in a bank to keep its price stable.
To issue, for example, one million dollars worth of USDT token, Tether must hold this amount as a reserve and set a price of $1 for each token.
The disadvantages of some stablecoins are that they are based on algorithms, and not on the exact maintenance of a physical reserve of funds.
The algorithm burns the existing volume of tokens in order to maintain a fixed price, but in this case there is a vulnerability β numerous short sales in large volumes can squander the price of the token, deviating it from stability.
With stablecoins, traders often buy other crypto assets, avoiding high transaction fees.
π Stablecoins are especially useful if you want to keep money in cryptocurrency and not be afraid of the risks of price volatility.
Also, stablecoins provide liquidity and a constant opportunity to trade on crypto exchanges.
The stablecoin industry is constantly evolving. For example, Tether has already issued tokens pegged to the euro (EURT), Chinese yuan (CHNT), Mexican peso (MXNT), British pound (GBPT).
βIn what stablecoins do you store your funds?
π On the Nomiswap exchange, you can get the highest stablecoin income among the TOP exchanges on the market:
π¦ USDC-USDT (APR 9.1%): https://bit.ly/3qMM4wN
π§ BUSD-USDT (APR 9%): https://bit.ly/33czbTM
π8