Convert Bitcoin Cash (BCH) and Binance Coins (BNB ...

Crypto Investing: Month 1

Good morning all.
I'm technically not 1 month in crypto but I'm planning to do this every month just to give people an idea. Forgive me in advance, I am not a good storyteller so baka in the end nagsulat ako ng pagkahaba-haba, wala rin kayong nakuha.
Ok. Started thinking with what to do with some funds. I decided between stocks at COL or get into crypto. I chose the latter kasi less papers at sa tingin ko less din ang processing time. Nakatulong din na hindi pa covered by law ang cryptocurrency (I think, hehe) so I got into crypto.
This all started 2nd week of the month. I made an account in coins.ph. Verified until level 2 (Level 1 is 2,000 deposit a day while Level 2 is 50k a day). While in the process, I started putting money into it. My end goal was to place at least gradually investing $1000 by the end of the month in my other account.
Made also an account in Binance. All funds in my coins.ph this is where it was converted to Bitcoin (BTC). This is like a marketplace where I buy other currency using BTC.
When I started, state of crypto world was I'd considered good. BTC was hovering around 600k pesos at the time. Also started to lurk in CryptoCurrency. Funfact. This subreddit was one of the fastest growing subreddit last month.
I'm a noob so I didn't research on the coins yet. I based my alt coins based on the most talked about and at the time I would consider affordable (Anything less than 5$, 1$)
Divided all my BTC money to 3 different coins. After that I monitored my money by the hour, even by the minute. A coin changes its amount almost immediately. If you refresh everytime, it will change. It is that fast.
3rd week of the month was the hardest for me to look at. Almost every coin dropped in price. BTC dropped in the 500k range (I think it reached 490k not sure). I lost around $100-150 at the time on one day. But I just kept hodling on to my coins as that was everyone was suggesting and I was aware how quickly price changes in the world of crypto.
After a few days, my money started slowly rising until 1 time I looked at it I made $100. So in a span of two weeks, from being 200 down I made 300 up in days. I knew then that this could be a good investment for me. As long as I picked out carefully the good coins. I'll be getting a good return.
But as of this morning, when I looked st my profile. I invested $100, I'm hovering from $900-950.
Note: There are 2 prices usually displayed your BTC value and its current conversion. If I based on BTC value, I think I got a 5-10% increase in that but BTC right now but I looked at BTC now and it's at 540k hence the drop.
Tldr: 400 -> 300 -> 250 -> 400 -> (add 200) 600 -> (add 400) -> 1000 -> 1100 -> 900. As I remember it. Some parts are missing.
That's all. Thank you.
Note: Invest if you think you can handle how things quickly changes. Otherwise, don't. 😜
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Beyond USD: The Next Frontier for Stablecoins

Beyond USD: The Next Frontier for Stablecoins

https://preview.redd.it/hj213pg9i3j31.png?width=860&format=png&auto=webp&s=5f170802f499c617d21c300abcfc2358c6458697
George Harrap is CEO and co-founder of Hong Kong based Bitspark, a bankless money transfer ecosystem focused on Asia and Africa.
This essay is presented as a part of No Closing Bell, a series leading up to Invest: Asia 2019 focused on how the Asian crypto markets are interacting with and impacting global investors. To keep the conversation going in person, register for Invest: Asia 2019 coming up in Singapore on Sept. 11–12.
Stablecoins are prevalent at all levels of crypto transactions these days, from the largest spot markets on exchanges like Binance to the trading pair of choice by many Hong Kong and mainland China OTC desks. The reason for the demand is simple: stablecoins provide a bridge between the fiat and crypto worlds.
However, not all stablecoins are the same. From currency peg to counterparty risk, there are two competing models duking it out at the moment: trusted and trustless stablecoins, with each referring to different levels of counterparty collateral risk.
We prefer trustless stablecoins as that model eliminates the counterparty risk of needing to trust a company, auditor, bank and humans in general.
The top 5 stablecoins in the market are all pegged to the US dollar and while USD is a reserve currency, that market is quite saturated already. In contrast, the opportunity in the other 180 fiat national currencies used by the majority of the world has barely been realised. That’s where the next frontier for stablecoins is.
In operating Bitspark in many emerging markets we have heard first hand from individuals, NGOs and companies how bank collapses are somewhat common and trust in government and banking is rock bottom. Access to digital cash that’s publicly visible and under the ownership of the individual would eliminate these problems and this is what Bitspark has been pioneering with PHP, IDR, VND pegged stablecoins for our remote money exchange agents.

Unique trading opportunities

There are interesting trading opportunities here too. Exotic currencies around the world almost always depreciate against the US dollar with recent examples found in Venezuela, Argentina, Turkey, Zimbabwe and Iran.
A good trade here would be to short those currencies via placing a dollar stablecoin as collateral to back the issuance of these currencies and then selling them for dollars. Bitcoin traders, merchants, and individuals need to use these currencies everyday anyway, so there is a market of buyers to which issuers can sell to.
Over time as the issued currency depreciates, the collateral value backing it becomes more valuable relative to the issued currency, enabling the issuer to withdraw or exchange excess collateral. Having already sold their issued coins on Day 1, they have effectively shorted the exotic currency without having to deal with any questionable local custodian — that’s almost impossible to do within traditional financial services
At Bitspark, we are creating trustless stablecoins for every currency in the world having recently launched an exciting product with Stable.PHP, a stablecoin pegged to the Philippine Peso backed by BitUSD (the first and oldest stablecoin in existence) using the Bitshares protocol.
I will be discussing more about some of the trading opportunities in taking short positions on Stable.PHP at this year’s Invest.Asia conference in Singapore. For example, when your collateral is BitUSD and you are issuing an exotic currency like Stable.PHP, you can take a leveraged position long or short.
Our set of exotic stablecoins will only be expanding through the year enabling more people to access a digital financial system in their local currency.
Abacus image via Shutterstock
submitted by GTE_IO to u/GTE_IO [link] [comments]

How to Buy Tron (TRX) Using Ethereum (ETH) in Binance How to CONVERT cryptocurrencies using coinbase (litecoin to bitcoin) Buy Bitcoin Cash  Binance How to Buy Ravencoin on Binance US How to convert BTC to INR? - తెలుగులో Binance Exchange Tutorial - How to Get Bitcoin onto Binance to Buy Altcoins

Binance Coin - Indonesian Rupiah Chart (BNB/IDR) Conversion rate for Binance Coin to IDR for today is Rp387,293. It has a current circulating supply of 148 Million coins and a total volume exchanged of Rp5,697,566,933,364 The DCForecasts Binance Calculator tool gives you an option to convert any financial amount to and from Binance (BUSD) with up to six decimal places. You can convert USD to BUSD, EUR to BUSD and any of your preferred world fiat currencies, with conversion rates based on the live DCForecasts Binance Price Index. The non-USD BPI prices are implied based on the rates obtained This Bitcoin Cash and Binance Coin convertor is up to date with exchange rates from September 8, 2020. Enter the amount to be converted in the box to the left of Bitcoin Cash. Use "Swap currencies" to make Binance Coin the default currency. Click on Binance Coins or Bitcoin Cash to convert between that currency and all other currencies. Conversion from Binance Coin to Philippine peso can be done at current rates as well as at historical rates – to do this, select the desired exchange rate date. Today’s date is set by default ... This Binance Coin and Philippine Peso convertor is up to date with exchange rates from November 2, 2020. Enter the amount to be converted in the box to the left of Binance Coin. Use "Swap currencies" to make Philippine Peso the default currency. Click on Philippine Pesos or Binance Coins to convert between that currency and all other currencies. The DCForecasts Binance Coin Calculator tool gives you an option to convert any financial amount to and from Binance Coin (BNB) with up to six decimal places. You can convert USD to BNB, EUR to BNB and any of your preferred world fiat currencies, with conversion rates based on the live DCForecasts Binance Coin Price Index. The non-USD BPI prices are implied based on the rates obtained Binance Coin - Philippine Peso Chart (BNB/PHP) Conversion rate for Binance Coin to PHP for today is ₱1,520.88. It has a current circulating supply of 148 Million coins and a total volume exchanged of ₱19,638,050,258

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How to Buy Tron (TRX) Using Ethereum (ETH) in Binance

[email protected] For consulting, speaking, or other business inquiries, please feel free to reach me. ★ DISCLAIMER ★ I am not a financial advisor. In this Video I will show you how to send your Bitcoin to Binance exchange so you can trade it for other alt coins. Binance is a great exchange and free to register. If you want to purchase alt ... Do you want to earn money online, work from home, extra income online, and earn free bitcoins or crypto currencies?? If yes, then SUBSCRIBE LIKE NOTIFICATION Send your comment guys This video is a ... This video tutorial will show you how to buy TRX (or any other cryptocurrency really) using your Ethereum from your Binance ETH wallet. Whether you are trading Bitcoin, Bitcoin Cash, or Litecoin ... Live demos are provided that demonstrate how to move bitcoin and other cryptocurrencies from one place to another. Set up a Coinbase account here and get $10 Free bitcoin: https://www.coinbase.com ... STEP 4: You can then trade your Bitcoin, Etherium, or other currency for Bitcoin Cash(BCC) , under the Exchange tab as shown in the video, by selecting the currency you want to exchange for BCC ...

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