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Making Cryptocurrency Easy to Use for Everyone

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Image by Tip Blockchain

Since the beginning cryptocurrencies have always been favored by the tech-savvy crowd. Even though buzzwords like “Bitcoin” and “blockchain” are often heard on the mainstream media these days, using cryptocurrencies remains a cumbersome process for most people. Wallet addresses are long and random cryptographic hashes. A small mistake in a single character would result in permanent loss of funds. Double/triple checking every address before every transaction has become common practice among cryptocurrency users. For businesses that accept cryptocurrencies, as wallet addresses are usually not directly linked to customer accounts, there is often no easy way to tell who made which payment until the customer presents payment proof separately. These are some of the main hurdles facing cryptocurrency mass adoption today.

Tip Blockchain is an ambitious startup working to make cryptocurrency easy to use for everyone including the average non-techie grandparents.

To achieve this, the TIP light wallet/chat app, Kasakasa features short usernames as smart addresses.  Typical usernames like @HanSolo12 or @BurgerShop78 will be used as wallet addresses, replacing long cryptographic hashes like 0x016b1eA9A2B62AADD771DeA418AbE84693877C09. Users are able to search and find other users and businesses by username, as well as adding contacts from their phone’s contact list. Sending transactions can be done directly in a chat conversation. The initial release of the Kasakasa light wallet/chat app is scheduled for August 2018. The TIP ecosystem will also include a cryptocurrency point of sale (POS) system for businesses. This POS system will incorporate convenient features from traditional fiat POS systems, such as order/customer management, sales analysis and reporting. The backbone of the TIP ecosystem will be the TIP Blockchain – a unique blockchain that allows users to store data on-chain, attached to accounts and transactions. It will automatically index the stored data making it easily available for future use.

Tip BlockchainTip Blockchain has a professional team of developers, entrepreneurs, and business people. Their expanding advisory board is stacked with advisors who have a proven track record of delivering successful blockchain startups and ICOs, and seasoned blockchain investors with in-depth industry knowledge and connections. They also have top lawyers in the cryptocurrency and business law fields on their board.

The project is currently hosting their Seed Round token sale with 200% bonus. The Seed Round started at 12:00 am UTC on June 1, 2018, and will end at 11:59 pm UTC on June 15, 2018. TIP tokens are priced in ETH, with ETH being the only accepted payment method during the token sale. Tokens are valued at 1 ETH = 10,000 TIP, or 1 TIP = 0.0001 ETH. However, the current seed round offers a 200% bonus, allowing participants to purchase TIP tokens at 1 ETH = 30,000 TIP. Only 4% of the total TIP token supply is available for purchase during the current seed round.

Website: https://tipblockchain.io/

Seed Round Signup: https://tokensale.tipblockchain.io

Telegram: https://t.me/TipBlockchain

LinkedIn: https://www.linkedin.com/company/tip-blockchain-network

Twitter: https://twitter.com/TipBlockchain

Medium: https://medium.com/tipblockchain

Facebook: https://www.facebook.com/tipnetworkio/

 

*This is a sponsored post. Readers should do their own due diligence before taking any actions related to the promoted company, product or service. Bitcoin Africa Ltd. is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this sponsored post.*

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How to Trade Double Tops And Double Bottoms
 With Up to 79% Winning Percentage

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Double Tops

Many of my clients acknowledge that my FREE double top and bottom indicator is a very good indicator for intraday trading across various markets. This includes forex, stock indices, commodities and futures.

But there is a simple trick or a method that you can apply to greatly improve the performance of this Double Top/Bottom indicator. On average, my indicator currently gives a 57%-win rate. But using the methods I outline below, you can extend your wining rate of trades to as high as 79%.

This is no marketing hype but mere common sense and understanding of how the financial markets work. So, read on to know more.

As I explain this indicator, you will see why it can give you up to 79% winning trades using some simple methods.

But before we go into the details of how to use the double top/bottom indicator, I want you to understand the concept before you start using this great tool.

The reason is that, when you understand the concept that I teach, you can use this indicator to dramatically improve your trading performance. In fact, you do not need to stick to the four methods that I outline here.

You can very well experiment on your find and something that is unique to you and works for you to improve your trading.

Up to 79% winning trades with the Free Double Top/Bottom Indicator:

The double top and double bottom indicator is a simple yet robust trading indicator. It is available free of cost and you can download it to see how well it captures the double top and double bottom patterns in the market.

Forex chart

By just following my advice and reading below, you can improve your results by up to 22% with this indicator.

A simple way to understand what I’m about to teach you is by this example.

If you want to cross a street with heavy traffic and not get hit by a vehicle, then you need to be patient until you have a high probability to get to the other side safely. My trading concept is no different to this.

You already know how to cross the street. What I will teach you is when you should cross the street safely.

This is the same philosophy in my trading.

You should only trade those signals that give you a high probability of winning. In the rest of this article, you will learn how to do this.

The 1 + 1 = 3 Effect

chart

Yes, 1 + 1 is not three. But in trading, you can have the effect of 1 + 1 = 3.

This is because when you combine two edges rather than one, your trading performance will simply skyrocket. This simple tweak can improve your risk-reward ratio tremendously.

Of course, you have to put in some effort on your end as well.

The 1+1 =3 effect is the very concept behind increasing your winning percentage to up to 79%.

In my Free Telegram group, I select only those double top and bottom signals from the M30 and H1 time frame if they have an edge. How do we find this edge, you ask?

We look to the bigger time frame such as the H4 and D1 which will enable use to edge to our advantage. We combine the larger and smaller time frame charts to get this envious edge in the market.

M30/H1 Signal + H4/D1 Edge = 3 Times Better Trading!

Yes! As you can see above, we use the larger time frame charts to give us the edge to trade from the smaller time frame chart. There are of course different signals that you can trade. This combination is what I will teach you on how to improve your winning performance.

A Mechanical Winning Percentage of 57%

If you are thinking where I got the above number from, then below is an explanation. It is not made up, but rather an enthusiastic member of my group stumbled upon this when researching the winning probability of the Double Top/Bottom indicator.

Recently, a member of my Telegram group analyzed 182 signals that were sent to the community during a span of the past 10 months.

The signal was based on the double top and bottom indicator which also gave an exact entry, target and stop price level. The risk or the distance between the entry and the stop loss level had a ratio of one. In other words, the risk/reward ratio was 1:1.

A profitable trade was identified as followed for the purpose of this analysis:

  • If price moved from the entry price with at least one time the risk into profit, then this was a winning trade
  • Thus, a risk/reward ratio of 1:1 was used in this analysis.

In the next screenshot, you can see the mechanical signals from the Free double top and bottom indicator. This produced 57% of winning trades out of 182 signals over 10 months.

The 57% of winning trades is already outstanding for a mechanical trading system. Most would agree!

A mechanical trading system can be compared to a set of rules for a blind and a deaf person who wants to cross the street. They can’t hear or see the street. They only walk to the other side.

A mechanical trading system is a type of a tool that will ensure that the blind and deaf person crosses the street safely simply by following the rules.

The next chart below is a screenshot from the analysis that was done.

The conclusion of the study was that the free double top and bottom indicator had a 57%-win ratio which reached the initial profit level which was the same as the risk.

Chart

But you can greatly improve the win ratio by just using common sense 🙂

Increase your win rate to 79% with applied concepts

If you apply the concepts that I will teach you, then you can improve the win ratio from 57% to 79%. I will show you how you can use simple logic to achieve this. It is as simple as waiting for the traffic to allow you to cross the street.

The member of my Telegram group also conducted this analysis to see the improvement in the performance.

I will teach multiple strategies on how to select the best double top or bottom trading signals. By using this concept, the strategy quickly improved to 79%-win rate.

forex 1

forex 2

How is this performance increased possible? Read further! You can pick and choose from any of the concepts that I will explain below. It is best that you find one concept from the below which you are comfortable with and keep practicing it.

Strategies to select high probability trading signals!

Just like there are many ways to cross a street, I will also show you the different strategies you can use to trade only the high probability setups. I will explain these multiple strategies very briefly in this article, so you can get an understanding.

You do not have to use all the strategies mentioned. Just pick one that you line and you will automatically see an increase in your trading performance with a factor of 3!

Here are the strategies we use to get that winning edge:

Strategy #1: H4 Divergence for M30/H1 signals

Strategy #2: Trading signals directly at the trend line

Strategy #3: Trading signals when a trend line is broken

Strategy #4: M30/H1 Signals After Steeper Trend Lines

Strategy #1: H4 Divergence for M30/H1 signals

The first strategy is making use of divergence on the H4 chart to trade the double bottom and top pattern on the 30-minute or 1-hour chart.

The next screenshot gives an example of an effective trading set up. This is when a double top or a double bottom pattern is formed on the smaller time frame chart such as the M30 or H1 time frame.

We trade this pattern only when there is a MACD divergence on the H4 chart.

In the article, you will come across divergence analysis of over 34 instruments on the H4 time frame.

The screenshot shows how a double bottom can be traded within the bullish divergence of a MACD on the H4 chart. It is as simple as that!

forex 9

The next chart shows a double top pattern that is formed within a bearish MACD divergence on the H4 chart.

forex 8

Strategy #2: Trading signals directly at the trend line

A trend line is probably the most important tool you can use to gauge the trend of an instrument. Double top and double bottom patterns that form directly at the trend line and in the direction of the trend can greatly improve your probability of winning trades.

This is because the trend from the larger time frame carries the price away from the entry point as you use the smaller time frame to pinpoint the trade entry with precision.

We start with drawing trend lines on the H4 or the D1 chart time frames. This becomes your major reference point.

The chart below illustrates a double bottom pattern that appears directly near the trend line.

forex 7

The next screenshot below shows a bearish double top pattern formed near the falling trend line.

forex 6

Strategy #3: Trading signals when a trend line is broken

The next strategy is using the trading signals when a trend line is broken. Finding a double top or a double bottom pattern after a trend is broken is a great way to picking successful or high probability trades.

Finding the double top and bottom pattern after a trend line break can be compared to a football that is held under water. You know that the football wants to pop up above the water line. It is the same case with this strategy.

You can expect price to rapidly rise after the double top or bottom is formed when a trend line is broken. Price action is quite volatile here and this set up can give big results very quickly.

forex 5

The screenshot above shows a double bottom pattern that is formed after a falling trend line broken. In the next screenshot below, you will see a double top pattern that is formed after a rising trend line is broken.

You can expect a big move once this pattern appears right after a major trend line break.

forex 4

Strategy #4: M30/H1 Signals After Steeper Trend Lines

Trading with the steeper trend line set up is yet another way to capture the big move in price just before it happens.

In this strategy, we look at two trend lines. The first trend line is a major trend line and is often sloped at a 45-degree angle. This is the major trend line that is respected and can potentially signal a trend reversal if it is breached.

The second trend line or the steeper trend line is smaller in scope. At the same time, this second trend line is steeper compared to the first trend line. The second trend line can slope to an extent of 60 degrees if not more.

Between the two trend lines, there is a significant space. This space is your profit potential. The entry of the double top pattern (between the two rising trend lines) or the double bottom pattern (between the two falling trend lines) is the trigger for the trade.

The following screenshot shows such a steeper trend line setup:

forex 3

Also, my trading system V-Power (a day trading system for trading reversals) can highly benefit from such steeper trend line setups.

Conclusion:

As you can see from the above, the presented “1+1 = 3” effect is a great way to increase the performance of your trading. This effect is universal in the financial markets and is not just limited to forex or futures.

In fact, this effect is not bound to the signals of just the double top or the double bottom indicator. For example, you could also use my MagicEntry-system (a momentum trading system) which will give you the same desired effect when you use the bigger picture to your advantage.

Make use of the “1+1 = 3” effect and see the results with your own eyes.

This article was contributed by Mike Semlitsch, founder of PerfectTrendSystem. 

Disclaimer: This is a sponsored post. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this paid sponsored post.

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The Current State of Cryptocurrency Regulations in South Africa

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Cryptocurrency Regulations in South Africa

Changes in regulations can have a profound impact on digital asset investors. A supportive regulatory framework can provide a more secure trading environment that could attract more investors to this new digital asset class and spur on innovation. Conversely, regulations that are too strict can hamper positive developments in the cryptocurrency sector and the economic benefits that come from it.

In this article, we will discuss the current and potential future state of cryptocurrency regulations in South Africa.

Cryptocurrency Is Currently Not Regulated

Currently, cryptocurrencies are not regulated in South Africa, which means investors can legally buy and sell all types of cryptographic assets. However, there is no legal backstop for investors who lose funds by dealing on insecure exchanges or falling for cryptocurrency scams.

In the ‘Position Paper on Virtual Currencies,’ which the South African Reserve Bank (SARB) issued in 2014, the central bank cautioned South African citizens against the risks of investing in cryptocurrencies and highlighted that they are not legal tender in Africa’s second-largest economy. Nonetheless, the position paper was well-received in the local bitcoin community as it meant that the central bank was adopting a laissez-faire, wait-and-see approach to crypto. This allowed local cryptocurrency and blockchain startups to flourish and led to a substantial increase in bitcoin trading volumes on local exchanges in the years to follow.

The Potential Future of Cryptocurrency Regulations in South Africa

south africaOn January 16, 2019,  the South African Reserve Bank published a consultation paper on policy proposals for cryptoassets, which has been composed by South Africa’s Intergovernmental Fintech Working Group (IFWG).

The IFWG was established in 2016 with the aim “to develop a common understanding among regulators and policymakers of fintech developments, as well as policy and regulatory implications for the financial sector and economy.” The working group is composed of members from NT, the SARB, FSCA, SARS, and FIC. In 2018, the Crypto Assets Regulatory Working Group was formed as part of the IFWG to focus on formulating a cryptocurrency regulation framework.

In the consultation paper, the Crypto Assets Regulatory Working Group looks at cryptocurrencies from two angles: financial trading and as a payment method.

To develop a regulatory framework for cryptocurrencies, the working group has proposed the following definition of crypto assets.

“Crypto assets are digital representations or tokens that are accessed, verified, transacted, and traded electronically by a community of users. Crypto assets are issued electronically by decentralised entities and have no legal tender status, and consequently are not considered as electronic money either. […] Crypto assets have the ability to be used for payments (exchange of such value) and for investment purposes by crypto asset users. Crypto assets have the ability to function as a medium of exchange, and/or unit of account and/or store of value within a community of crypto asset users.”

The Crypto Assets Regulatory Working Group proposes that South Africa moves from its current unregulated position towards crypto assets to implementing what it refers to as “limited regulation.”

Limited regulation would mean that all local cryptocurrency platforms that enable users to buy bitcoin in South Africa would have to adhere to anti-money laundering/combating the financing of terrorism (AML/CFT) rules as they would be classified as “accountable institutions” under the FIC Act. Moreover, exchanges would have to conduct customer due diligence, which would include the monitoring, record-keeping, and reporting of suspicious transactions as set out by the FATF recommendations.

The working group also recommends that businesses and individuals should be able to continue to accept cryptocurrencies as a payment method but that they will have to do so at their own risk.

What’s Next?

The proposed regulations would mean that all investors looking to trade crypto assets would have to use exchanges that have adequate KYC/AML onboarding processes in place as set out by existing financial regulations. Anonymous trading of digital assets, for example on peer-to-peer exchanges, would not be permitted under the proposed rules.

Merchants who accept bitcoin and other digital currencies as payment methods would remain unaffected by the new “limited regulation” framework as they can continue to use cryptocurrencies as they please.

If you want to invest in digital assets such as bitcoin (BTC) and ether (ETH) using South African rand, visit Luno and start investing today.

Disclaimer: This paid sponsored post has been produced in partnership with Luno.

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How to Deposit Money Into Your Betway Account

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Images by Betway

Betway is one of the leading sports betting sites in the world. The world of sports gambling has been growing for the past years. Betway has designed various methods that ensure that the whole market is satisfied.  So, wondering how to get started and how to deposit money into your Betway account?

The Top Methods to Deposit Money to Your Betway Account

BetwayRegardless of what country you are in, Betway has provided numerous options which you can deposit money. Here is a look at some of them, be sure to let us know which one is your favourite.

1. Debit or credit card

The use of Debit cards is very popular and convenient method to deposit funds into your Betway account. You can  opt to use either:

  • MasterCard
  • Visa
  • Electron.

How to deposit money using your debit card:

  • Click on the Betway banking option.
  • Select the option deposit funds via debit card.
  • Enter your personal details.
  • Enter the amount you would like to deposit.
  • Click Confirm.

Benefits:

  • Gives you instant access to your funds.
  • The Betway deposit charges will be added to your account.

On the other hand, you may decide to use a credit card. You can fund your credit card either through

  • MasterCard
  • Visa

How to deposit funds using your credit card:

  • Click the deposit button.
  • Select the credit card button.
  • Enter your credit card details.
  • Enter the amount you would like to deposit.

Advantages

  • You can access your funds instantly.
  • No fees will be charged on the credit card.

2. Neteller

Everything is done on the internet these days. Thus it is not a surprise when one has an e-wallet with them. Neteller is one of the go-to e-wallet options.

How to deposit funds using Neteller:

  • Select Neteller from the list of deposit options.
  • Enter your 12 digit Neteller account number.
  • Enter your 6 digit Neteller security number.
  • Enter your Betway password.
  • Select the amount you would like to deposit.
  • Click Confirm.

Benefits:

  • Funds are available instantly.
  • There are no fee charges while depositing.

3. Skrill

Skrill is also a wallet option. You can deposit funds directly from your  Skrill account to either your credit card, debit card or bank account.

How to deposit funds using Skrill:

  • Select the Skrill option.
  • Enter the amount you would like to deposit.
  • Enter you Betway password.
  • Your browser will direct you to your Skrill’s account.
  • Enter you Skrill’s account details.
  • Confirm your Betway deposits.

Benefits:

  • You have instant access to funds.
  • There is no fee charged once you deposit the funds.

4. PayPal

PayPal is one of the most popular wallets in the world. When it comes to using it you have options to deposit funds either to your credit card, debit card or bank account.

How to deposit funds using Paypal:

  • Click the deposit option and select Betway Paypal.
  • Enter the amount you would like to deposit.
  • Enter your Betway password.
  • Your browser will direct you to PayPal.
  • Enter your PayPal account details.
  • Click to confirm the amount to be deposited to your Betway account.

Benefits:

  • Instant access to funds.
  • No fees are charged when you deposit.
Disclaimer: This is a sponsored post. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this sponsored post.

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