Crazy stat of the day: You can trade cryptocurrencies on over 170+ different exchanges throughout the world.

Compare this to the stock markets in the United States which have a whopping…2. You know them very well by now (NYSE and Nasdaq), but these markets have had decades of consolidation and mergers.

While this is not an apples-to-apples comparison, cryptocurrency exchange consolidation is a natural market force that will happen eventually.

However, we do not know if this will take months, years…or even decades.

The abundance of choices in exchanges presents a multitude of problems, one of which is a large distribution of prices across all platforms.

Many Exchanges Breeds Many Problems

New markets such as cryptocurrencies all experience the following problems:

  1. Transactional inefficiency
  2. Differences in prices
  3. Illiquidity
  4. Changing spreads

These problems exist due to imbalances in supply and demand. If there is a lack of sellers or buyers, the problems mentioned above are enhanced.

Complicating the matter even further, each pricing discovery process is silo’d within each different exchange.

Smart arbitragers recognize this as an opportunity, and they specifically hone in on #2: Differences in prices.

Source: A Super Simple Cryptocurrency Arbitrage Spreadsheet for Finding Mismatched Prices

The cause of today’s chaos is likely large hedge funds using expiring BTC futures contracts as safety nets to exploit the only sure-thing in this market: a large amount of new/overextended investors who are easily moved to panic sell during a flash-crash.

On December 10, BTC futures trading went live. The first set of those contracts is set to expire tomorrow, January 17.

For those who don’t know, futures contracts are agreements to buy/sell an asset (like BTC) at a specified future date and price. As the price of BTC was ~$15,000 on Dec. 10 , the first BTC futures contracts, which expire tomorrow, were fixed at about that same price. In a simplified form, this means that tomorrow:

the “short” side of those contracts must give the “long” side a BTC (which, if they don’t already have, could simply be bought at tomorrow’s market price); and

the “long” side of those contracts must pay the “short” side $15,000 in return.

Now imagine you are a large hedge fund evaluating these contracts, and the crypto market as a whole, on Dec. 10. Obviously, making a large bet on either the “long” or “short” side is extremely risky, since the price of BTC when the contracts expire (January 17) could very easily be $50,000 or $500. This makes large bets on either side a bad option for a large institutional investor like yourself.

However, you also know that crypto is still an emerging market with a large amount of new investors and “dumb money.” And because you are a large hedge fund, futures contracts opens the door to a third option: use large bets on both sides to manufacture market chaos and make money on the ripple effects with little to no risk. Here is how:

Bet big on the “short” side of the futures contracts on Dec. 10. Let’s say you do this for 10,000 BTCs. This means that on January 17 you will owe 10,000 BTCs to the “long” side of those contracts, receiving $15k per ($150,000,000) in return.

Buy an equally large amount of BTC on Dec. 10 at the market price ($15k/BTC). This cancels out your risk/reward for the futures contracts, making you essentially immune to changes in BTC’s price while you hold both the contracts and BTCs. This also allows you to accumulate and hold an extremely large portion of the BTC market while taking little if any risk……..read full article from source below:

Source: Possible Rektage explanation

 

 

Trading Details:

Below is a trading forecast you can trade with for profit.

Warning: Note that trading involves risk taking. Thus, trade amount you can bear the sole risk of losing in case of capital/profit loss because Foskaay will not be liable for any loss.

Market Pairs: BTC/RBY

Recommended Buy Rate: 0.00019500 (or below)

Stop Signal (If trading bittrex etc. use stop loss): Good coin for HODL

Forecast Price For Profit Targets: 0.00021000 – 0.00030000

Forecast Price For Profit Targets Percentage: 10-50%+ of traded amount

New To Cryptocurrency trading and investment and ready to be trained? – We train you to Pro. (use the contact page to reachout to us). 

Do you trade any of our previous signals successfully or even at loss? – we like to hear from you.

Kindly share MyCD App with others, comment below and share this article on social media.

This is an article you will not want to miss out considering the revealed truth of making it big with Crypto sooner than you could have imagine when starting out by Hackernoon.

Do you like making money at the push of a button?

How about working from home in your underwear? Do you hate corporate meetings worse than the plague? Would you rather be traveling the world, having adventures and sleeping on a beach in Thailand than grinding your life away in an office for fifty years?

Then you might just be a trader, my friend.

But what kind of trader are you?

Are you looking to make steady, slow, conservative profits, year after year and protect yourself from big risks? Or are you looking to hit the home run trade, knock it out of the park and retire early to travel the world eating fine food and hiking in the rain forest?

Trading Details:

Below is a trading forecast you can trade with for profit.

Warning: Note that trading involves risk taking. Thus, trade amount you can bear the sole risk of losing in case of capital/profit loss because Foskaay will not be liable for any loss.

Market Pairs: BTC/BYC

Recommended Buy Rate: 0.00018000 (or below)

Stop Signal (If trading bittrex etc. use stop loss): Good coin for HODL

Forecast Price For Profit Targets: 0.00020000 – 0.00023000

Forecast Price For Profit Targets Percentage: 5-20%+ of traded amount

New To Cryptocurrency trading and investment and ready to be trained? – We train you to Pro. (use the contact page to reachout to us). 

Do you trade any of our previous signals successfully or even at loss? – we like to hear from you.

Kindly share MyCD App with others, comment below and share this article on social media.

Trading Details:

Below is a trading forecast you can trade with for profit.

Warning: Note that trading involves risk taking. Thus, trade amount you can bear the sole risk of losing in case of capital/profit loss because Foskaay will not be liable for any loss.

Market Pairs: BTC/GCR

Recommended Buy Rate: 0.00002400 (or below)

Stop Signal (If trading bittrex etc. use stop loss): Good coin for HODL

Forecast Price For Profit Targets: 0.00002800 – 0.00004100

Forecast Price For Profit Targets Percentage: 10-50%+ of traded amount

New To Cryptocurrency trading and investment and ready to be trained? – We train you to Pro. (use the contact page to reachout to us). 

Do you trade any of our previous signals successfully or even at loss? – we like to hear from you.

Kindly share MyCD App with others, comment below and share this article on social media.

Trading Details:

Below is a trading forecast you can trade with for profit.

Warning: Note that trading involves risk taking. Thus, trade amount you can bear the sole risk of losing in case of capital/profit loss because Foskaay will not be liable for any loss.

Market Pairs: BTC/Tron

Recommended Buy Rate: 0.00000900 – 0.00001100 (or below)

Stop Signal (If trading bittrex etc. use stop loss): 0.00000800 (or a bit below)

Forecast Price For Profit Targets: 0..00001500 – 0.00003500

Forecast Price For Profit Targets Percentage: 10-100%+ of traded amount

New To Cryptocurrency trading and investment and ready to be trained? – We train you to Pro. (use the contact page to reachout to us). 

Do you trade any of our previous signals successfully or even at loss? – we like to hear from you.

Kindly share MyCD App with others, comment below and share this article on social media.

Trading Details:

Below is a trading forecast you can trade with for profit.

Warning: Note that trading involves risk taking. Thus, trade amount you can bear the sole risk of losing in case of capital/profit loss because Foskaay will not be liable for any loss.

Market Pairs: BTC/Edgeless

Recommended Buy Rate: 0.00015000 – 0.00016000 (or below)

Stop Signal (If trading bittrex etc. use stop loss): 0.00013500 (or a bit below)

Forecast Price For Profit Targets: 0.00018000 – 0.00024000

Forecast Price For Profit Targets Percentage: 10-70%+ of traded amount

New To Cryptocurrency trading and investment and ready to be trained? – We train you to Pro. (use the contact page to reachout to us). 

Do you trade any of our previous signals successfully or even at loss? – we like to hear from you.

Kindly share MyCD App with others, comment below and share this article on social media.

Yeah, there are times you have applied for Airdrops and other ERC-20 tokens based platforms but confusion sets in on how to check if you have received the Airdrop, ICO and others into your Ethereum address. This guide will help.

Whats is ERC20 Tokens?
Get our App and check the dictionary for details, just go to http://MyCryptoDictionary.com/Downloads to download free.

How To Check Airdrop and Other ERC20 Token Balance?

There are different ways to do that but one of the most common we have tested so far is EtherScan

1) Click Here to open etherscan

2) Put your Ethereum address in the search box

3) Search and it will scan and display details of the account

4) Locate section called Token Tracker

5) You will notice a dropdown in front of it (Check screenshot below), click and it will reveal all the list of ERC20 tokens you have and their value in dollars.

That is it, hope it helps. To access more airdrops and earn more in crypto giveaways, download MyCD App and check under Airdrops/Bounty. Also share this in with friends!