Wax Token – Who is behind the crypto currency?

The Wax Token development was initiated by OPSkins, a trading platform for skins, but not on a blockchain basis. This is the largest trading platform for skins. Its CEO, William Quigley, wants to bring all platforms under one roof with the crypto currency and offer players the widest possible range of products. In November 2017, Quigley announced its partnership with Xsolla and will accept the token as a means of payment. Xsolla is a global supplier of video games and is supported by Twitch, Steam and Ubisoft.

The Initial Coin Offering shows that this crypto currency is not a stupid idea, but a concept with hands and feet: OPSkins was able to raise a total of 41 million dollars in private and public sales in order to advance token development. In addition to the partnership with the Bancor network, other major companies have pledged their support for the project. These include Pantera Capital, Hyperchain Capital, Galaxy Investment Partners, Fenbushi Capital, Kenetic Capital and Kyber Network. Etehreum co-founder Anthony Di Iorio joins from the blockchain development sector and the well-known developers Dave Anthony and Brian Fargo from the world of video games.

Wax Token – advantages and disadvantages explained by https://www.onlinebetrug.net/en/

Many who are not familiar with this part of online gaming will probably not be aware of the market behind this www.onlinebetrug/en. And it won’t shrink in the long run. E-Sports events are hugely popular and are streamed to enthusiastic fans all over the world. And many professional players use their own skins. The platform of the crypto currency has the advantage that it tries to unite all trading places for skins and would theoretically result in a huge user community. The fact that the tokens can be converted into other ERC20 tokens at will only makes the purchase with the Wax Wallet more attractive. Otherwise, the money would only be on the platform if the player could get exactly the skin he wanted, but had no idea what to do with the remaining currency units. The exchange into other crypto currencies https://www.onlinebetrug.net/en/ gives the coin the flexibility that could tempt one or the other to buy this token. The same is basically true for investors.

But you have to keep in mind that the wax crypto currency is still very young. According to the roadmap, the actual platform will not go online until the 4th quarter of 2018, the connection of other exchange exchanges of skins will take place in 2019. Until then, the price will probably be quite quiet. Buying W/ax tokens will certainly be quite cheap, but it is also very early to really be able to say whether it will pay off. But one thing makes us confident: William Quigley is familiar with the skin business and can already build on a large customer base.

Wax Token Course – Development – Forecast

The Wax Token price started with a value of 1 Euro at stock exchanges, the next day the value was already 2 Euro per coin. The crypto currency may have gone to the stock exchanges too late, but the hype about the coins was at its peak. After that the prices calmed down, just like at W ax. In the course of January the Wax Token price dropped to around 1 Euro, at the end of the month around 50 Cent. In the course of February there was a further loss of value, the token here cost around 20 cents per coin.

It is difficult to say what the forecast looks like for the long term with such a young coin. It will be a while before the project has matured enough to show that an investment is really worth it. Until then, the price will probably follow the trends on the crypto market and could just as well continue to fall or sometimes rise. In the long run the Wax Token could be worth buying, because at the start of the platform the Wax Token price will certainly rise again.

Create Wax Wallet
There is no own Wax Wallet yet, instead you can use one of many Ethereum based Wallets, like the MyEtherWallet which is popular for this purpose. On its page you select the option “create new wallet” and download a keystore file. Then you upload this file back to the wallet and you get your own address.

Bitcoin Bull Run was killed by Bitcoin Futures

While Bitcoin’s fluctuations in price and trading volume continue to confuse the “oracles of CNBC”, a prominent Japanese economist has written an article to explain what he believes stopped the 2017 Bull Run and why the roller coaster ride in 2018 caused almost the entire market to “crash”.

Did futures end the Bitcoin Code?

The Japanese economist Yukio Noguchi wrote an article for the Japanese magazine Diamond last week, which was very well received by crypto traders. It combines the beginning of the Bitcoin futures market with the end of the rapid price increase in December 2017. Read more about it.

The CBoE began trading Bitcoin futures on December 10, 2017, when Bitcoin’s price stumbled and fell by about $3,000. The Bitcoin price recovered and gained new highs to the $20,000 threshold, where the price jumped back and forth by thousands of dollars every other day. Noguchis emphasizes the following:

Display

“Because it is now possible to trade Bitcoin futures, you will never see a rapid rise again.

Apparently, Noguchi is not alone in believing that the Bitcoin futures market was to blame at the end of the bull run in 2017. Fortune had published almost the same argument by economist of the Federal Reserve Bank in San Francisco under the title “How Futures Trading Changed Bitcoin Prices”.

“The rapid run and subsequent fall in prices following the introduction of futures does not appear to be a coincidence, but is in line with the trading behaviour typically associated with the introduction of futures markets for an asset.

While many suspect that the Bitcoin futures have negatively affected the price, an analysis suggests that the futures have had and continue to have virtually no impact on the Bitcoin price. In fact, futures trading only has an impact of 0.009 percent on the price of BTC.

What doesn’t kill Bitcoin Revolution should make it stronger

Taking the real estate crisis and the devaluation of the Japanese stock market in the 1990s as examples, Fed economists point out that new financial instruments have a record number of deflating financial bubbles, like this. In this case, when enthusiastic investors drove up Bitcoin’s price, the futures market opened up and pessimists were able to bet their money against the crypto currency for the first time.

Bitcoin’s rapid rise in 2017 brought public attention to crypto currencies and blockchain technology, which was good for the growth of the emerging blockchain sector. Some analysts have argued that the turbulent 2018 market will end up being good for the future of crypto currencies as weak coins die and disappear and established ones continue to rise, similar to the dotcom era.

Long and short positions

As crypto currencies are quite volatile, traders decide to bet on long or short positions. In a long position you bet that the price will rise, while in a short position you bet that the price will fall. The risk here is immense, because as soon as the price moves into the opposite position, the entire deposit is lost from a certain leverage. On the Bitmex* trading platform you can set long and short positions.

fundamental analysis

The fundamental analysis can also be described with an analysis of causes in which an attempt is made to analyse the reasons for the fluctuating prices. One tries – transferred to the crypto currency market – to evaluate the infrastructure and the economic environment and thus to determine the actual value of the crypto currency.

The Technical Analysis – Terms & Methods explained
In the technical analysis, the price trend from the past is analyzed in order to forecast the future value. We want to present some of the most important indicators and instruments used in technical analysis.

Support / Assistance with Bitcoin Trader

Probably the best known techniques for technical analysis are the terms support and resistance. Support means nothing else than a kind of support line. In this line it is assumed that there will be a strong purchasing power, i.e. that the demand is greater than the supply and the price will rise, since many buyers are willing to buy the respective crypto currency at this price. As soon as the price approaches a support zone, the support is tested. However, if the line is broken, this can be an indicator of a downward trend.

Resistance / Resistance

In the case of resistance it is the other way around. Here the sellers rule, because they want to sell at a certain price. Supply is greater than demand and a price increase will reverse. But if the resistance line is broken, this can be an indicator of an upward trend, as purchasing power is stronger than selling pressure.

Bitcoin Chart from TradingView

SMA – Simple Moving Average
The Simple Moving Average, SMA for short, is the simple moving average. The moving average is a trend sequence indicator that follows rather than leads due to its reference to the past. The shorter the time period for an SMA is selected, the more sensitive the moving average reacts, the less sensitive the long-term average. As you can see in the figure, we have a 100 SMA, i.e. a 100-day moving average. As soon as a closing price rises above the moving average, this is a buy-signal and a sell-signal when closing below it.

Technical analysis of crypto currencies

Traditional financial instruments include analysis tools that can be used for chart analysis. In this article we introduce you to the different tools of technical analysis related to the crypto currency market. But before we go into detail a few more information about the crypto market.

Table of Contents
Crypto Currency Market – Opportunities & Risks of Volatility
HODL vs. day trading
The Bull and the Bear / Bullish vs. Bearish
Long and short positions
fundamental analysis
The Technical Analysis – Terms & Methods explained
Support / Assistance
Resistance / Resistance
SMA – Simple Moving Average
Relative – Strength – Index (RSI)
The Stochastic Oscillator
Combination RSI and STOCH
Moving Average Convergence/Divergence (MACD)
Crypto Currency Market – Opportunities & Risks of Volatility
It should be noted at the outset that the crypto currency market is highly volatile. This means that the value of Bitcoin, Ripple and Co. is subject to strong price fluctuations. The more volatile a market, the more difficult it is to predict.

The opportunities and risks are actually self-explanatory. Due to the extreme price fluctuations, a lot of money can be earned but also lost within a short period of time. Therefore, the principle always applies: Never invest more than you can lose. Because the market is so volatile and sensitive, certain headlines can have extreme effects. Of course, there is also the risk of market manipulation, since there is relatively little capital in crypto currencies compared to traditional markets.

HODL vs. day trading

The term HODL is a bitcoin meme and describes nothing else than to hold crypto currencies for a long time and not to be influenced by market fluctuations. The HODLER intends to hold Bitcoin, Ethereum or other crypto currencies in the long term. There is no speculation of short-term gains.

Day trading is a short-term speculative interpretation for making daily profits. Crypto currencies – with the volatile markets – are of course optimal for day traders. The Daytrader does not aim to hoard Bitcoin and other crypto currencies, but wants to achieve as much as possible out of its use in a relatively short time. For day traders, brokers such as EToro* are better suited for crypto trading.

The Bull and the Bear / Bullish vs. Bearish

We speak of a bull market when prices continue to rise. The bull represents the upswing, is positive and optimistic. In practice, however, a long-running bull market is also seen as a bubble that could burst. A bear market is the opposite, the bear is pessimistic and represents falling prices. Before you can start, however, we recommend the broker eToro, because here you can deposit quickly via Paypal and start trading immediately.