blockchain app development company Archives - Page 4 of 6 - Winklix

August 17, 2020August 17, 2020

How did Bitcoin surge in the backdrop of the fall of USD?

The fall of the US dollar & the rise of Bitcoin coincided at the same time. So, let us find out the various factors in the background that have led to the consistent descending adjustment of interest rates on US Treasury bonds and substantive easing policies. These policies were instrumental in the selling of large amounts of US dollars, resulting in the fall of the dollar index. Going by the brand new data, the US dollar index has taken a beating and it is now languishing below 93. This fall is not only the steepest of this year, but also happens to be a two-year low. As for the US dollar offshoots market, short positions have also hit a new peak since April 2018. In fact, Global Hedge funds are expecting further erosion of the value of the US dollar: The betting pegs USD downfall to approximately $5.3bn this week to reach $24.5bn. Purely from the perspective of association, the connection amid Bitcoin & US dollar & gold & US dollar decreased, at the same time the interconnection between Bitcoin & gold strengthened. This has made gold & Bitcoin to realize their potential in the light of a tumbling US dollar index.

Demand for yellow metal surges

The economic prospect of gold can easily be explained by the downfall of the US currency, which has created a global demand for safe-haven assets like yellow metals. However, Bitcoin has some distance to cover to emerge as a safe-haven asset, the fact can’t be denied that it has the potential to be an alternative investment to gold. Also, as gold continues to dominate the mind of people, the greenback will increasingly flow to Bitcoin and other crypto currency avenues.

USD turns to USDT

Meanwhile, the demand for gold has come down, implying that more US currencies have made their way into the digital currency arena for stamping than before. Later on, these US dollars were turned into USDT, some of them made it to the exchanges. The USDT’s inpouring into exchanges improved by 282,539,130 USDT to 725,857.429 USDT on July 27, an important single day surge in 143 days. Despite a huge sum of USDT going into exchanges, data from Glass node indicates that the USDT amount is diminishing since April. During the same time, the Bitcoin equilibrium of exchanges has risen. Based on this, we can infer that the USDT going into exchanges were utilized to purchase Bitcoin.

Rise of Bitcoin

Observing these numbers, it clearly points that Bitcoin’s ascendancy this time has been drastically affected by the US dollar. It can be abridged as trails: There has been a steep fall of the US dollar index. The uncertainty scaled new heights , the value of gold multiplied. With gold value going through the roof high, investors begin to search for an alternative instrument of investment. A lot of USD turned into USDT, a large number of USDT flew into interactions. This led to the selling of USDT and purchase of Bitcoin. Balance of Bitcoin in exchanges rises. In case the dollar continues to fall, there is a huge chance of Bitcoin to rise. So, Bitcoin is a good investment option. If you wish to put your money in Bitcoin, then it is advisable to do so on a secure platform.

If you are looking for Blockchain developer to build your next bitcoin or else platform , feel free to to contact us .

June 2, 2020June 2, 2020

How Can Market Moving News Curate Your Bitcoin Trading?

In April 2013, someone sent a fake tweet purporting that the White House was going to get attacked. The fake tweet sent the Dow Jones 150 points in under 2 minutes. The same tweet caused a lot of disruption in worldwide trading as people anticipated the worst.

While it later emerged that the tweet was fake and everything went back to normal, it highlighted the tremendous influence which News and Social Media have on both forex and bitcoin trading. Seven years since the infamous tweet, the market moving news had an even bigger impact owing to the overreliance on social media for news.

If you are into cryptocurrency trading, you will know how much social media drives cryptocurrencies for users and brands. There has also been increased coverage of cryptocurrencies on mainstream media which means more resources for traders looking for insights.

If you follow some credible mainstream media that rampantly spreading cryptocurrency news, you most probably have a great arsenal that you can use to improve your trading.

Read on to find out how you can curate your Bitcoin trading by taking advantage of market-moving news.

Why Access To Market Moving News Is Critical In Bitcoin Trading

For starters, what is market-moving news?

Market moving information is any piece of news or information that can influence an individual’s decision to buy or sell. The market-moving news includes everything from political implementations with a direct impact on the economy, financial eventualities like inflation to events like Bitcoin halving.

Access to market-moving news will make your market analysis much easier and more accurate. You will make accurate predictions and increase your chances of reaping off your trades. With access to real-time market-moving news, you will always be ahead of the game and make better decisions in your trades.

On the other hand, if you have no access to information, you will always be caught by surprise. This is counterproductive and can lead to money loss or even bankruptcy. Therefore, you should strive to get access to market-moving information as soon as it breaks.

But how do you get access to this information? How can you use this information to improve your trading? Read on to find out.

How To Get Access to Cryptocurrency Trading Market Moving

Curate Your Social Media Platforms

Social media platforms are fulfilled with information on trading. As FXPro’s Angus Campbell put it, social media platforms like Twitter and Facebook contain information that influences traders’ decisions. Mr. Angus noted that tweets and social media posts reach millions in nanoseconds which is vital in the world of trading.

In fact, most cryptocurrency trading professionals believe that social media plays a vital role in trading. As a budding trader, you have to heed the professionals’ call and curate your Twitter and other platforms to give you market-moving information.

Follow, thought leaders in Bitcoin on Twitter, join Bitcoin Pages and Groups on Facebook and turn on notifications to get information as soon as it is posted. You can also follow relevant pages on Instagram and join Telegram channels which churn out important updates on Bitcoin.

With every social media page curated towards BTC trading, you will never miss out on important updates.

Mainstream Media Is Very Resourceful

In addition to large social media platforms, you should keep your eye open for updates from mainstream news. Mainstream media are the platforms with a lot of governmental breaking news which can potentially affect the performance of trading markets.

It is imperative to still follow mainstream news especially business news as you can get important signals from these channels. Follow their accounts on social media, install their apps on your phone, and always check their notifications. You never know which information will change your trading fortunes.

Not All Information Calls For Action

While it is nice to get as much information as possible, it is crucial to learn to distinguish which information deserves your attention and which news shouldn’t affect you. The ability to filter through the news and choose the right piece of information is a must if you want to make the right trading decisions. It is something that differentiates great traders from the average ones.

Mind that there are a lot of fake news peddlers about Bitcoin online. If you are not careful, you can easily find yourself at the mercy of scammers. You should, therefore, get news from verified and trusted sources only.

Double-check the news before you proceed to make a financial commitment in your trade. Spend some time to counter-check with more than one source before even thinking about making a trading decision. This will reduce your chances of falling for scams.

The ability to filter through credible sources information comes with time and experience. The more you put market-moving news to use in your trading, the more you learn which news is worth following and which to avoid at all costs.

Conclusion

A lot of information and resources on Bitcoin trading are free for access. It really is up to you to use the information for your benefit or not. Curate the news that you receive and use it to make a living from Bitcoin trading. Use our guide above and make the most out of the freely available news and resources on BTC trading.

Cryptocurrencies are the future of trading. The sooner you acquaint yourself with knowledge on how to trade, the better it will be for you. Always strive to be ahead of the game when it comes to matters trading and learning to use market-moving news in the best way to always step with the times.

Are you looking for Blockchain app development , feel free to reach us .

January 18, 2019

Blockchain and Mobile App Development

Blockchain technology is latest buzz in almost every sector of different kind of business . The main reason why it has gained so much popularity is due to significant increase in the Bitcoin and its users.

Blockchain is known to be decentralised network which carries out the transactions in most secured way which is also fast , traceable and transparent . Now a days blockchain development technology is also one of the hottest topic among tech giants .

But the question is how do you actually trust that blockchain technology is 100% fit for carrying out secured transaction that fits in your application project ? You can get the answer to this question by having a deep understanding of fundamentals of Bitcoin and Blockchain .

Also Read : Blockchain Vs Bitcoin : What Future Holds ?

What Is Blockchain ?

In order to understand blockchain in a better way , let’s take the first step of understanding Bitcoin .

So what do you think Bitcoin is ? Bitcoin is known to be the very first decentralised currency in the world which has gained huge popularity over the last couple of years . Bitcoin has been developed using the concepts of the blockchain technology which is totally based on the concept of carrying out transactions on the basis of chain . The information about transactions updates at all devices in the world simultaneously .

Even in the world of mobile app development , blockchain technology seems to be one of the growing area of technology and mobile app developers are actually using various tired and tested methods in order to bring out the best solution out of the blockchain technology .

Before moving further let me tell you that blockchain technology has become so popular that many of the website has started accepting cryptocurrency as payment for taxes .

In order to carry our any transaction using blockchain technology , peer to peer payment architecture is used rather than carrying out the old server based architecture .

So in order to get the best mobile application , a blockchain software development company who also has deep understanding of the concept of bitcoin can help you reaping the full benefits of blockchain .

Want to develop mobile app based on blockchain technology ? Hire a mobile app development company for it .

Blockchain Adds Digital Ledger System

Blockchain uses digital ledger technology that is backed up by expansive network technology , all sending and parsing data collaboratively . It works on chain module , wherein the information on one system is directly transmitted to other machines on network and at the same time it also ensures authenticity and consistency of information .

As in 2019 , wherein the data across the smartphone world is experiencing with very heavy traffic and everyone is relying on getting the data wirelessly , there may be the possibilities of loss of information being transmitted . Blockchain can help featuring advance storage and data streaming thereby improving data transmit significantly .

Transparency Features Creating More Secured Environment

Transparency is one of the important function for any application to function properly , and it must be carried out in secured way . While taking take of transparency , security is another major concern in order to facilitate user with tracking in secured environment , and thereby at the same time making it impossible to carry out any fake transactions .

Thanks to Blockchain ledger that facilitates you to see everything at one place . The information storage and categorisation all can be tracked , verified and secured at one place .

In case there is a situation wherein there is overflow of entries , blockchain has a special feature of expanding itself automatically . So what are you waiting for ? Hire a blockchain app developer for creating your next big tech app .

Digital Data Is Safe Even If Accessed By Multiple Users At A Time

Encryption is made very complex with the use of Blockchain technology . Every user in blockchain has their own decryption key and hence it is impossible for anyone to fool the system .

In some professions mostly in case of financial and legal , multiple signatures are required at different stages . Blockchain technology can help them with carrying out the transaction with ease by allowing multiple parties to communicate with each other .

We have already discussed that blockchain is decentralised network which implies their is no mother and father for storage and management of information which makes it unique from other apps technologies that are till now available in market . These decentralised applications are completely open source and there is a need to operate autonomously .

A mobile application created with the merger of blockchain technology is latest and most effective way to create application that reflect your brand shininess .

Winklix is leading mobile app development company facilitating blockchain based app development .

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