₦airaland Forum

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Over the years there have been many news.Bitcoin.com tutorials about the very basics of trading, market indicators, and the multitude of websites that collect vast amounts of data. Some of these resources give traders a step towards making their first trades. Now after a few losses and some lucky gains these individuals are interested in how to read the market. Learning to trade can be difficult but there are so many experts in the field and online resources that can teach anyone to trade cryptocurrencies. The first thing to realize is that bitcoin markets or any cryptocurrency markets are very different than your average stock or FX trading arena

Over the years there have been many news.Bitcoin.com tutorials about the very basics of trading, market indicators, and the multitude of websites that collect vast amounts of data. Some of these resources give traders a step towards making their first trades. Now after a few losses and some lucky gains these individuals are interested in how to read the market. Learning to trade can be difficult but there are so many experts in the field and online resources that can teach anyone to trade cryptocurrencies. The first thing to realize is that bitcoin markets or any cryptocurrency markets are very different than your average stock or FX trading arena

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Zhao Dong Discourages Retail Bitcoin Speculation
Despite his reputation as an OTC trader, Zhao Dong rejects the notion that he is a professional speculator. Zhao Dong states that he “doesn’t do technical analysis. I’m not a speculator. In fact, I’ve always been a small profit maker and I’m not a speculator.” Looking back on his experiences, Mr. Dong emphasizes risk management as the most important thing for traders to observe, before citing attributing a quote to Mark Zuckerberg – “not risking is the biggest risk. But adventure plus risk control is perfect.”

Zhao Dong seeks to discourage retail traders from entering the cryptocurrency markets, stating “Honestly, if you are not a professional speculator, then I suggest that you do not want to invest in speculation. For most of the speculation, losing money is almost inevitable. It’s like going to a casino.”

In spite of up-and-down experiences with bitcoin, Zhao Dong describes BTC as comprising “far more than just a technology,” adding that bitcoin “will have a profound impact on human history […] Bitcoin is the first time in human history to use technical means to ensure that private property is sacred and inviolable.”

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China’s First Central Bank Governor in 15 Years Likes Bitcoin
The People’s Bank of China, the nation’s central bank, has a new governor, its first in 15 years. His name is Yi Gang and judging by previous comments the 60-year-old has made, he’s perfectly okay with cryptocurrency. His positive stance towards bitcoin and other cryptos bodes well for their future within China.

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NEWS UPDATE
Bitcoin Cash Ecosystem Sees a Tidal Wave of Merchant Acceptance
Just recently it was reported on Bitpay launching bitcoin cash (BCH) integration for the firm’s loadable Visa debit cards. Since then the company has implemented BCH invoice support for all of the firm’s vendors, and now bitcoin cash can be spent with thousands of merchants worldwide.
Bitcoin cash supporters have been extremely pleased to see some of their favorite merchants accepting BCH as a form of payment and network fees are considerably less. This also includes a wide variety of nonprofits and charities

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European Brokerage Adds Cryptocurrency CFDs for 24/7 Trading
Robomarkets,a Cyprus Securities and Exchange Commission (CYSEC) registered investment company a brokerage that operates in the European markets, has added access to trading CFDs (contracts-for-difference) based on cryptocurrencies for its clients. Some of the most popular cryptocurrencies such as bitcoin, bitcoin cash, dash, ethereum, litecoin, and ripple, have been added to the list of available trading instruments.

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NEWS UPDATE
The Financial Stability Board, G20’s global watchdog, does not consider cryptocurrencies a risk to financial stability. In a letter to the Group of 20 central bankers and finance ministers, its Chair Mark Carney said FSB was pivoting away from designing new policies and focusing on reviewing existing rules. His comments suggest there is no G20 consensus on common crypto regulations, despite calls from member-states for adopting global guidelines.

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