We are in a world that has become more global with Cryptocurrency Facts. This is an entirely new type of financial system that cuts out the middleman and lets people borrow and lend directly from each other. This is a decentralized finance that lets people buy and sell assets without any form of middleman-ship:
- no traditional banks
- no stock brokers
- void of stock exchange
- and more interestingly without the big central banks of the world that debase the currency that our assets are denominated in.
There are a multitude of cryptocurrencies now available and this includes Bitcoin. Here we will be exposing you to some cryptocurrency facts and key details to help you have more insight about these currencies and what they really mean to you.
So, stay on for more information
What Cryptocurrency Represents:
Many cryptocurrencies are in use today. But Bitcoin is the world’s first form of decentralized money for the following reasons:
- It is store of value that is censorship-resistant,
- Also it is immutable against manipulation by central entities, authorities and governments. With no one entity, person or control point with unequal “authority”. Consensus is verified without anyone controlling it.
Bitcoin has a decentralized structure and peer-to-peer protocol. As a result, the Bitcoin network is able to operate as its own economy, without intermediaries or third party service providers. It is the world’s first widely adopted cryptocurrency. And obviously it marked a major advance in technology and finance and paved the way for years of innovation.
First, with the fast pace of the blockchain technologies comes risk and reward. With everything good there is always the bad. To protect the consumers from this, regulations are in place across the globe. And note that OMINEX is the leader in making this happen. They are the ones to watch.
Facts On Global Operation Of Cryptocurrency–It’s Compliance and Legality:
The leader in this is a company called OMINEX. OMINEX has it’s support from engineering and solutions of regulatory guidelines in the IPO and Crowd Funding Space. In 2017 they took their knowledge and understandings of regulations to the blockchain and ICO space. Their role in the new future is offering Compliant Token Solutions.
Therefore, to handle this huge task, OMINEX put together the “Open Compliance Project”. This is to support international regulations. Also, this allows for an ongoing platform and support community to keep up with this infinite space of growth. New tokens are coming out daily. Therefore, the need to be regulation compliant was done to protect the users and investors. The number of new ICO (coin offerings) is over 20 they offer each day. For this reason, they need regulation to protect the consumers. This is where OMINEX comes in.
Solutions OMINEX Offers About Cryptocurrency
Furthermore, among the solutions they offer include:
- Solutions for vetting out and verifying legitimacy of the new coins offered to the World.
- Allowing the Users (via the OMINEX WALLET) to participate in new vetted ICO’s easily.
- Easy access to view the top Coins and to be able to buy/sell/acquire easily within a single Wallet.
- Paving the way to the Future. This will be about the first and top User Wallet, and Solution for accessing and working with Cryptocurrencies.
The things that OMINEX is doing is therefore becoming larger and larger in scale. Furthermore, they are rolling out new benefits and features. For this reason, OMINEX can handle the demand that Cryptocurrencies and Blockchain deployment is creating.
Cryptocurrency offers great opportunity for good financial income. Therefore I want to encourage you to cash in and partake of the amazing benefits it provides.
Essential crypto tools for making money (RSI)
RSI is the Relative Standard Index The primary trend of a Bitcoin or asset is an important tool to ensure that the indicator readings are properly understood. For example, noted market technologist Constance Brown notes that in an uptrend, the Relative Standard Index (RSI) can be more than 30% oversold, while in a downtrend the RSI can be well below 70% overbought.
As the chart below shows, in a downtrend, the RSI will peak at around 50% rather than around 70%, an indicator investor can use more reliably to signal a bear market. Many investors will use the trendline for sideways investing strategies between the 30% and 70% levels to better identify extremes when there is a strong trend. When the price of a stock or asset is at a long-term level, adjusting to an overbought or oversold level, a horizontal channel is usually not needed.
More about the RSI
The use of overbought or oversold concepts applied to trend levels is mainly a focus on trading signals and trend following techniques. In other words, using a bullish signal when the price is in a bullish trend and a bearish signal when Bitcoin is in a bearish trend will help avoid many of the false positives that the RSI can produce.
Generally speaking, when the RSI crosses the 30-reference level, it is a bullish signal, and when it falls below the 70-reference level, it is a bearish signal. In other words, a price surface of 70 or higher is overbought; overvalued and likely poised for a trend; reversal and price correction; pull back. An RSI reading of 30 or below indicates an oversold or undervalued condition.
Further information on crypto RSI
During a trend, RSI readings may fall within a band or range. In an uptrend, the RSI tends to stay above 30 and usually reaches 70. In a downtrend, the RSI rarely exceeds 70 and the indicator frequently reaches 30 or below. These guidelines help determine trend strength and spot potential reversals. For example, if the RSI fails to reach 70 several times during an uptrend, but then falls below 30, the trend has weakened and may reverse down.
The downtrend is just the opposite. If the downtrend fails to reach 30 or below and then bounces back above 70, the downtrend loses strength and may be reversing to the upside. Trendlines and moving averages are useful tools, including when using RSI in this way.
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