The Trump family and its allies are interested in the crypto industry's excitement in the Bitcoin Gulf rally

The Trump family and its allies are interested in the crypto industry’s excitement in the Bitcoin Gulf rally

December 9, 2024 techsmartworld team

NEW YORK, Several key players in President-elect Donald Trump’s new cryptocurrency venture will head to Abu Dhabi on Monday for the largest bitcoin gathering in the Gulf region as the digital currency sets record highs.

Speakers include the president-elect’s son Eric and billionaire Steve Witkoff, the new White House envoy for the Middle East and co-founder of World Liberty Financial, a crypto platform launched in September that Donald Trump and his family helped form.

Eric Trump will deliver Tuesday’s keynote address at the Bitcoin MENA conference, which is projected to draw more than 6,000 people, and will then hold a “whale-only” chat in the conference’s VIP lounge, according to the event’s agenda.

Witkoff will also speak separately to that more exclusive crowd, which requires a $9,999 “whale” pass, a nickname for large players who have the potential to move a market.

The president-elect is World Liberty Financial’s chief crypto advocate, and sons Eric, Don Jr., and Barron are ambassadors, according to the WLF website. Company filings show Donald Trump is entitled to 22.5 billion WLF tokens and a share of its revenues.

“The Bitcoin conference carries a lot of significance for crypto as it’s one of the longest-running conferences focused on bringing our industry together,” said Marshall Beard, chief operating officer of Gemini, the crypto exchange founded by Trump backers Cameron and Tyler Winklevoss.

“It’s been incredible to see the rise of bitcoin alongside the growth of the conference … and crypto became a major campaign issue in this year’s presidential election.”

Other speakers also have close ties to World Liberty Financial, including Justin Sun, the 32-year-old Chinese founder of the blockchain platform Tron.

Three weeks after Trump won the Nov. 5 election, Sun posted on X that he bought $30 million worth of WLF tokens, making him the venture’s largest investor. Sun was charged with crypto-related fraud and securities violations under the Biden administration.

The Gulf gathering is occurring at an inflection point for the industry as Trump, once a crypto skeptic, has vowed he will be the “crypto president” and make America the new “crypto capital of the planet.”

Buoyed by these promises, bitcoin smashed records last week when it hit $100,000.

Trump also named a White House czar for artificial intelligence and cryptocurrencies, former PayPal executive David Sacks, a close friend of Trump adviser and megadonor Elon Musk.

Musk, whose companies include X, SpaceX, and Tesla, spent more than a quarter of a billion dollars to help elect Trump in 2024, records show. According to analytics firm Breadcrumbs, other technology and digital asset veterans also gave millions to candidates who were friendly to the industry.

Trump’s 2016 campaign manager, Paul Manafort, will address the conference on “A Life of Politics with the Man Closest to Donald Trump.”

Binance founder Changpeng Zhao, who served a four-month U.S. prison sentence this year for crypto-tied money-laundering law violations, will also hold a whale session at the conference.

Trump, his family members, other speakers, and their firms did not respond to requests for comment.

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Everything You Need To Know Before Investing In Cryptocurrency 2022

June 20, 2022 TECH TEAM cryptocurrencies, cryptocurrency, digital currency

The cryptocurrency industry such as Bitcoin, Dogecoin, and Ethereum is growing hot buzzwords that are fueling the crypto craze these days. Although the crypto industry is only a decade old, inexperienced investors are looking for a quick way to make a profit.

Unlike the stock market, the crypto market has no control and, as a result, its value moves up and down every day. Due to the extreme volatility of these digital currencies, here is everything you need to know before investing in the cryptocurrency market.

What is a cryptocurrency?

Cryptocurrencies are digital assets- you can also use them as investments and for online purchases. It is cryptographically safe, counterfeit, or almost impossible to double the cost.

Note that cryptocurrency does not physically exist, which means you cannot pick up and hold bitcoin in your hand. And unlike the Indian rupee, there is no central authority to manage the value of cryptocurrency. Instead, these functions are widely distributed among cryptocurrency users via the Internet.

Furthermore, each coin of cryptocurrency has a unique program or code. This means that it will not be copied, tracking them easily and identifying them as being traded.

How does it work?

Cryptocurrencies do not have the support of central authorities such as the government. Instead, they run on a range of computers. It is a peer-to-peer exchange on the web without any intermediaries.

Cryptocurrencies are decentralized – that is, no government or bank manages how they are made, what their value is, or how they are exchanged.
All crypto transactions are cryptographically secure – meaning that only the sender and the intended recipient can view its contents.

Is cryptocurrency the same as blockchain?

No, blockchain is a technology that enables the presence of cryptocurrencies. Blockchain is a digital ledger of transactions distributed over a network of computer systems. Think of it as a ledger that shows the entire history of the currency.

Simply put, it is a recording information system that makes it impossible to hack the system. Each block in the blockchain contains multiple transactions and whenever a new transaction is made on it, a record of that transaction is attached to each participant ledger.

The blockchain database can store large amounts of information that multiple users can access and use at the same time.

But what makes Blockchain unique is that it is not owned by a single person or company — making it more secure and reliable. Since no one controls the blockchain, they cannot take or rewrite records.

How can you store your cryptocurrency?

Cryptocurrency can be stored in so-called ‘wallets’, which can be accessed using your ‘private key’ —the crypto equivalent of a super-secure password — without which the crypto owner cannot access the currency.

A crypto wallet stores a private key that gives the user access to their cryptocurrencies – allowing someone to send and receive cryptocurrencies such as bitcoin and Ethereum.

Note that your coins are stored in a blockchain and a private key is required to transfer those coins to another person’s wallet.
There are different types of crypto wallets available that cater to different needs related to security, reliability, accessibility, etc.

What types of cryptocurrencies exist?

Bitcoin is the most traded cryptocurrency that everyone knows and talks about, but it is not the only type of cryptocurrency.
There are Litecoin, Polkadot, Chainlink, Mooncoin, Shiba Inu, Dogecoin, etc. According to Coinmarketcap, there are currently over 6,000 coins in existence.

Bitcoin is the most stable coin. As the first cryptocurrency, bitcoin was trading below a dollar. Over the years, bitcoin has gained price momentum and surpassed the $1 trillion market cap. Related:-How to know when to Buy and Sell Cryptocurrency 2020

Meanwhile, investors should explore their options and choose an asset that can meet their needs.

How to buy cryptocurrency?

Just like the stock market, the crypto market has exchanges or brokers who are facilitators. These exchanges often charge a fee or commission for each transaction. Some even offer rewards for hitting milestones, some as a joining bonus. This policy may vary with each exchange.

Some of the top crypto exchanges in India are – WazirX, CoinDCX, CoinSwitch Kuber, and Unocoin – users need to sign up with their KYC credentials, download the app and buy cryptocurrency. These exchanges also help you monitor the value of cryptocurrency and buy or sell it.
Crypto exchanges rely on investors for possession of the cryptocurrency. This happens when users deposit crypto to sell and some new users come to the exchange to buy it – facilitating trading.

Cryptocurrency can be partially bought. For example, if you are willing to buy one bitcoin you do not need to buy a full bitcoin (BTC) to own something.
You can buy a fraction of a bitcoin. You can own at least 0.0000000001 BTC. The same is the case with all cryptocurrencies.

Can you get cryptocurrency for free?

Yes, you do not need to buy cryptocurrencies. You can also obtain cryptocurrency by solving cryptographic equations through the use of a computer. This process involves validating a data block and adding transaction records to the blockchain.

It is also worth noting that some cryptocurrencies like bitcoin are limited in supply, which means there is a maximum number of coins that will ever be in circulation.

Others like Ethereum do not have a maximum limit but do limit the number of new coins that can be generated each year.

What can you buy with cryptocurrency?

India is slowly opening up to the idea of accepting it as a valid payment method. There are some practical issues with cryptocurrency – as it absolutely cannot be used for daily transactions.

However, there are ways to use your crypto to facilitate payments. Bitcoin trading site Unocoin is now allowing its users to purchase vouchers from over 90 different brands using bitcoin.

Using these vouchers, you can buy Domino’s Pizza, ice cream from Baskin Robbins, beauty and health products from Himalaya, and even home appliances from Prestige.

In the US, retailers such as Whole Foods, Nordstrom, Etsy, Expedia, and PayPal are now letting people pay using crypto.

How stable are cryptocurrencies?

Bitcoin rose to $40,000 (around ₹ 29.70 lakh) in January this year. Continuing its bull run, it reached an all-time high of $65,000 (approximately ₹48.27 lakh) by the end of April.

Then in May, it fell and remained below $30,000 (approximately ₹ 22.28 lakh) throughout June. Again the prices have skyrocketed, and at the time of writing this article, bitcoin is worth around Rs 51 lakh.

This shows that cryptocurrencies are extremely volatile. The cryptocurrency market thrives on speculation. Investors place speculative bets that cause a sudden inflow or sudden outflow of funds, leading to high volatility.

Additionally, the crypto market is seen as a way to make quick profits. Part-time people come with the hope of making a quick profit but sometimes when it doesn’t happen, they lose patience and hold back from it. This recurring participation and withdrawal contribute to the volatility of digital coins.

Is it a legal tender in India?

At the moment, there is legislature covering cryptocurrencies in India. But that doesn’t mean that owning cryptocurrencies is illegal.
Meanwhile, India is yet to present the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which will lay down the regulatory framework for the launch of an “official digital currency”, which was to be introduced in the budget session of Parliament, but It was organized.

As the government continues the discussion with the stakeholders. So far, only a few countries have accepted cryptocurrencies as legal tender and the list is expected to remain short.

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cryptocurrency

What is cryptocurrency copy trading and is it worth the risk for beginners?

October 21, 2021 TECH TEAM copy trading, cryptocurrency, What is cryptocurrency

As Bitcoin jumps to an all-time high of $64,000, novice investors are more eager than ever to participate in the cryptocurrency craze, aiming to book easy profits.

Interestingly, any investment in Bitcoin would have generated an 834% return over the last 12 months, while other currencies such as Cardano yielded over 3500% while Ethereum offered a 464.1% return.
Crypto trading has also spawned a social layer, with millions of users gathering on Reddit and Discord forums to discuss the potential market with experienced traders, hoping for some advice and investment tips in the process. Capitalizing on this trend, companies are now developing copy trading platforms, aimed to target novice investors who are seeking to earn profits.

What is copy trading?

Copy-trading platforms let users mimic the trades of more experienced traders. This allows novices to shorten the steep learning curve, while still maintaining full control of their accounts.
For instance, if an expert trader buys 100 shares of saying Tesla stock, you will do the same. If they sell coins when the price is high, you imitate them and do the same.
If they buy a cryptocurrency when the price falls, you will do the same, trusting that the trader expects the price to go up in the future.
Hayden Hughes, CEO of Alpha Impact, a crypto copy trading platform said, “There is too much noise and too much volatility from unqualified people hyping or hating coins.
We want to remove that noise and educate people about crypto trading and value investing by building a hub for investment insights where users can identify a top trader based on the trader’s actual trading history, and copy that expert’s trades through our platform.”
Crypto copy trading platforms are designed so that newbie investors don’t have to go through years of trial and error to learn how profits are booked.
You don’t have to take courses that explain how the crypto market works. In short, you don’t need to lose money while learning how the crypto market works.

But is it worth it?

This is completely dependent on who you copy and how much money you put in. Now, if the expert trader you are mimicking has a low-risk profile, you can safely put in more money without worrying much about losing your investment.
On the other hand, if the trader you are copying makes high-profit margins but also has a high-risk profile, you might want to consider investing less money. To put into perspective, copy trading is worth it only if you choose the right trader.
However, it is often beginners who benefit the most from copy trading, as they are the ones who are most likely to lose money if they were to trade themselves.
It is worth noting that a major risk of using a copy trading platform is that it has high transaction fees. These fees can eat into your profit. You should always be on the lookout for hidden fees when copy trading.

How does a copy trading platform work?

Apart from copying the trades of seasoned traders, community members, especially beginners, can also access the latest news from crypto experts, and learn the art of crypto investing through masterclasses and guides.
In turn, traders on the platform benefit from growing a follower base as a trusted opinion leader, which allows them to earn passive income from subscriptions and via a revenue share model that lets them earn a commission for each trade.
Hughes asserted that the goal is to allow people to invest smarter in cryptocurrencies “by connecting with the industry’s best traders with performance history and proven statistics; and the best part is, people, do not need to put money on our platform to copy traders–– they can copy traders from their existing Binance or investment account.”

“We encourage traders to become key influencers and bridge communication between followers and traders, aiming to not only simplify copy trading but empower people to profit from cryptocurrencies by providing an educational platform where traders can explain their rationale behind trades and discuss strategies and industry news,” he added.

cryptocurrency

How to know when to Buy and Sell Cryptocurrency 2020

June 13, 2020 TECH TEAM blockchain, Crypto currency, virtual coins

“When is the Best Time to Buy / Sell Assets in the Cryptocurrency Market?” This is the million dollar question that is at the back of every crypto trader’s mind.
Like traditional assets and commodities trading, it pays to observe the price movements of virtual coins. Market timing is a matter of debate when it comes to trading strategies. While some traders are for it, those who claim it is impossible.
In short, market timing is a buy / sell trading strategy that is built on the notion that the market is hitting its price fluctuations. Predictors enter into technical and fundamental analysis to assess market and financial conditions.

How to know when to Buy and Sell Cryptocurrency

If the investor is certain of price movements, they can move their assets quickly and turn it into profit. Many Cryptocurrency traders and investors use this strategy to predict which virtual coins will grow or form tanks.

Why is a market timing strategy effective in cryptocurrency investing?

cryptocurrency investing is a relatively new market and still offers some nuances. Like, the market is at risk of deflation when you least expect it, but it offers a good chance of profit.
With this, many existing and iring quick investors are putting their timely buying decisions on the market.
So, how does the strategy keep water in the Cryptocurrency space?
You won’t find replacement tenants until you select your 401 (k) and sell your rental property, and every investment decision you make is somewhat tied to market time.
In cryptocurrency, the market is never closed, it is important to focus on price movements.
With its volatile market, understanding the market and assessing its risk tolerance before buying any investment is an important step.
Knowing the safety of your property, price history and repetitive patterns can help you come up with an educated assessment.
The more you understand how the market operates, the more likely you are to live with a high-risk nest egg that gives you a high return.

When to buy and sell?

If you want an honest answer, yesterday may be the best time to invest in crypto, but the second best time may be right now. Take a look at the Bitcoin price history.
If you pay attention to him and buy BTC’s “minimum amount” when he’s new, you’re a millionaire today.
As we work with the present, here are some tips to help you decide when to buy and sell:

. Use the “Buy low, sell high” strategy

Otherwise known as the “buy dip”, this basic investment technique refers to buying more assets when the price is low and / or settling down.
It is best to use this step in the stable or bull market, where the trend of the general trend is higher or sideways than the bear market (the general direction is downward).
The logic of the “BTD” strategy is to analyze maps, short-term and long-term average movements, historical support trends and ladder acquisition.
Investors can buy “big dip” or “small dip”. The former refers to when the price is below average, while the latter is when the price falls from the previous position.
Those who buy a dip can choose to sell fast for profit, or they can use it to take advantage of the long-term position.
The cross of the Bow Line, strategy is to buy cheap, not too much. Doing so leaves less room for big mistakes.
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. When it is below average historical performance

This is an ideal strategy when buying a needle property, and it is difficult to tell what the price will be for the next hour or the next day.
Only an assessment based on analysis can give you enough information. Meanwhile, there is another way you can consider entering the market: when the price of a popular virtual coin is lower than its average historical projection.
Cryptocurrency websites provide a “moving average” chart that describes the best points for entering and exiting the crypto market. Don’t buy when the price is high. Instead, wait for it to settle and buy after the point of sale.

. Sell when it suddenly gets to its peak

When it comes to selling your coins, you need to consider your financial circumstances, risk tolerance, tax consequences, and the reason why you should initially invest in Cryptocurrency.
Yale researchers studied the price movements of major cryptocurrencies and found that the best risk-free time for trading digital coins would be next week, when the value rises more than 20% and sells for another week

When not to buy or sell

When buying cryptocurrency, you should closely study and study price movements before taking action. The same goes for your sales, just rush in and not jump for a sale to uncover the potential for significant damage to your coins.

. When you have a FOMO case (fear of missing out)

In fact, it is difficult to see bitcoins, tides or other coins in a matter of minutes. It is more difficult to identify people as outsiders to avoid flooding in business groups, readings, telegrams and other discussion groups.
However, you should not allow this fear to trigger your motivation decisions (to buy top coins, to reduce panic) and to join the bandwagon.
Loss of large operations often forces early traders and investors to buy a property before it is too late. The best way to eliminate this situation is to reduce the noise and make your investment decision based on sentiment rather than logic. Related:- What Is Blockchain Technology? How will Blockchain Work? 2020

. When you don’t understand technology

Blockchain is the most innovative and forthcoming technology of cryptocurrency. When you start investing in virtual coins, you cannot rely on other people to tell you what to do next.
If you do not yet have a strong understanding of technical foundations and alternatives, do more research first. Otherwise, it is dangerous to jump into things first.
Once you understand consensus algorithms, rewards, mining, on-chain / off-chain and all the other terminology used in the industry, you will be more comprehensive about industry leaders. As a knowledgeable investor you will soon know when you are ready to enter the market.

. When you are sensitive to FUD (fear, uncertainty and doubt)

The goal of FUD is to encourage you to sell, not buy. For example, when scammers want to buy a coin at a low price, they will intentionally spread negative news about hacking, security issues, and others to destabilize a challenging market and sell to other traders and investors Worry for
Knowing that the Cryptocurrency market is volatile, it can be easy for FUDsters to manipulate the market and launch a pump and dump scheme – investors “dump” their assets with the risk of damage and dumped digital assets To give FUDers a cheap market price.
Again, the best thing to do when you think this is happening is use logic. You bought the property for a reason. Achieve the objectives around this scenario and do not act on impulse.

Bottom-line

Buying virtual coins is now more feasible than before. If you want to practice a buy-and-hold strategy, you don’t have to worry too much about the timing of the market.
Keep in mind that this strategy is meant to satisfy your long-term goals. If you are looking for short term benefits, then from time to time your top priority should be.
Whether your strategy is “hold for dear life” (HODL) or follow the iceberg order, the best time to buy and sell crypto depends on your reasons, available resources, and of course the market.

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