How to Buy/Sell Directly from the Order Books on Poloniex

Hello guys how are you doing today I will be talking about how to buy and sell from the orders books on poloniex and some other exchanges. But first of all let me briefly explain what the order books is all about.

In simple terms the order books is just like a market where different products are been displayed just like how if you go to the market you get different prices for a particular product and those you who is ghetto buyer will have a price in mind also.

Those who cashing out you see their own product on the 'Sell Orders' as ASK the amount they are willing to sell and it's usually arranged from the lowest to the highest. So if you want to buy the directly from the order books you seek out the cheapest to buy and the sellers normally sells to the highest bidder. In same manner those who are buying you see their prices on 'Buy Orders' as BID.

So in general on the order books you see traders their price and the buyers also display the amount they are willing to buy the coin.
On the order books you see alot of movement taking places people buying and selling. So let get started I will try and explain this to the ground level for you to understand let's proceed.


How to Buy via the Order Books

In order to buy directly from the order books, you go to the 'Sell Orders' section that is basically the ask price so as buyer you look out for the best Ask Price and remember in the order books the price are arranged in arrays starting from the lowest to the highest price so the one that appears on the top is the always the cheapest price.

All you have to do is click on it and the price will be displayed on the Buy box on the extreme left above the order books. On the buy box the price, the amount that is the quantity you are purchasing and the total amount which include the transaction fee, please take note the overall amount you are is spending to buy a particular coin and that is the base currency you are using ( The one you initially deposited on your exchange account) most times it's bitcoin.
If you are buying below the amount displayed in the total area you can reduce the quantity of the altcoin on the box before it unroll it's is the amount you are willing to spend you have to be fast doing this. After editing it to suit the amount you want to buy click on the Buy button and a dialog box will pop up notifying to have buy that quantity of currency for the specified price you can see the transaction details on you trade history below the order book.

How to Sell via the Order Books

So also in same manner of you want to sell via the orders books probably you don't want to place an order.
All you need to do is go to the Buy area on the order book look at the buy orders there and choose the one with the highest BID the price is arranged from the highest bidder to the lowest bidder unlike the 'Sell Order' books that is arrange in the opposite way. It more or less like a competition every one want his or her price to be on top because that gives you a better chance of getting filled faster the best bid price always appear on the top click on it do your normal editing and click the sell button.
So that's is it. The whole idea of trading is buying low & selling high make sure their is a buy oppurtunity before buying such that in few hours time, day time, week or month the price will go higher for you to sell. Thanks.


Hope this helps.

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ICO Review : Is IOTA a Good Cryptocurrency Project to Invest

IOTA is the new cryptocurrency that has blows the nternet making it to the top 10 crypto by market capitalization on coinmarketcap.

Cryptocurrency exchange Bitfinex has just officially launched the IOTA token, IOT which is tradable in IOT/USD and IOT/BTC pairs and it was reported to be a record breaking launch with 3000 bitcoin pre sale it's hits $1.5 billion market capitalization.


Described as a scalable, decentralized, modular, and no fees cryptocurrency what's so special about IOTA is it a good investment opportunity let's find out.


IOTA is a new cryptocurrency that claims to be a solution to the rapidly developing internet of things . It's takes a whole different approach compared to bitcoin and many other cryptocurrencies that utilizes the blockchain technology. It's highlight the facts that the traditional blockchain has many draw backs one of such is it's inability to make micro payment, the high transaction fee charged by miners which make no sense to transfering small amount as the miner fee is many times higher.

It's also claim that the heterogeneous systems of existing cryptocurrencies will inevitably creates unavoidable discrimination of some of their elements which in
turn creates conflicts and makes all elements spend resources on conflict resolution.

How's IOTA Different

IOTA is a blockchainless cryptocurrency which means it does not utilizes the blockchain technology instead it is designed to make use of DAG technology ( directed acylic graph) know as the tangle.
The tangle is a graph that will serves as a ledger for storing transactions and it's network is composed of nodes which are entities that issues the transaction that make up the sites that represent the transaction on the tangle graph.

This new technology makes use of simple version of proof of work PoW that can run on most device which is for a user to to successfully issue a transaction, you must first help approve other transaction at least two randomly chosen transactions.


5 Must Know Facts About IOTA

1. IOTA is a direct rival to bitcoin and many other cryptocurrencies that make use of blockchain technology can it's compete with them.

2. IOTA is the first cryptocurrency without a blockchain. It uses the tangle graph which is a new untested technology

3. IOTA aims to have no fees and it does not require mining, it does not cnsider block sizes and lack incentive among users to use.

4. IOTA seeks to be a crypto-application (currency for internet of things market) those items that don't really have an interface but might still benefit from internet connectivity suitable such as your toaster, coffee maker, fridge, smoke detector, and desk fan are all connected to the internet.

But on the other hand just like Bitcoin, IOTA could also similar competition from emerging rivals, based on the same ideas or slightly tweaked or even improved, versions of them.

Team behind IOTA project was not publicly displayed on their website but we learned the Co-founder is Dominik Schiener and one their active developer is Oliver Nitzschke who currently works for Pinpong a android development company

Should I Invest in IOTA

IOTA is good innovative cryptocurrency project you don't see this kind of crypto currency project often the developers has done a really good job trying to create something different ' The internet of things industry '

Many are saying Iota is a game changer well it's up if you have the guts to risk it just like some bitcoin millionare had a feeling that bitcoin would work, they bet big, and they won big.

Don't Buy into Hype

I've learned to give any new coin a week, they typically run high for 10 minutes, then the bottom falls out over the next 5-7 days, that's when you buy. I wouldn't touch it until then.

You can Visit their official IOTA.org or read their White Paper here.

Finally this is not any sort of investment advice, you should always do your own research before investing because this type of ICOs is a moon shoot it's either goes to the moon or goes to the ground, so take caution and good luck.



Hope this helps.

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Cryptocurrency Lessons for Newbie Traders and Investors

Cryptocurrency Lessons

Over the past five years we have seen the crypto community grow and developed tremendously. Bitcoin and other major altcoins have been gaining a very good amount of exposure with new innovation and development always around the corner.
Right now mid 2017 cryptocurrency market has been experiencing massive growth and the numbers of investors keep growing daily that's why I will be sharing some important lessons to keep in mind if you are new to this because there are some people who are brand new to bitcoin and cryptocurrency. This lessons will go a long way to help you in your crypto trading journey and can be extremely profitable if you do it right but you can also loose a lot of money if you do it wrong.

We are in an interesting time in the crypto space you can see over the past two months the price of crypto currency have gone absolutely crazy amongst them we have bitcoin, ethereum, stratis, and some other big moves and this is attracting a lot of public attention. It's funny because alot of people even my friends who were talking trash about bitcoin and Altcoins over the past years are now buying this cryptocurrency at this high price and now we are seeing mass adoption unlike before.

So let go to the main of the day these lesson can be really helpful if you are just starting out even if you've been in to cryptocurrency for a while because have seen many people do the exact opposite of what am about to share.

1. Plan Your Trades Before Pulling The Trigger : Basically before you buy bitcoin or any other cryptocurrency make sure you plan what you are looking to do. Don't just randomly throw your money into the market and buy this is very important the song is buy low sell high. Probably many have heard about this tip but 90% of people are still doing the exact opposite. People don't like buying when its cheap it's high that that it grabs people attention. so before you put your money make sure you do your homework, learn and understand where the market has been in history don't just rely on somebody to do it your for you.

2. Stop Over Trading : Something baffles me really... I wonder why a people will get to know about crypto trading just now and will want to make 100% of his investment in 1day that's a man with a ponzi scheme mentality you need to see crypto trading as an investment not ponzi scheme and that why you see them make this mistake of over trading they are too eager to make money. But in the reality you just need one or two trade to make significant profits.

3. Don't Be Too Greedy : After investing try to take some profits if the price is increasing especially when it's rising fast there's nothing wrong in taking profits at pre define targets and at same time don't get out too early the problem is when you want try to pick a top at the exact time you may end up regretting if this price fall.

4. Manage your Trades with no Regret: Just like you want to be the right person to sell at the right price or know when the market is going rollover or bounce. Whenever you buy manage your trades in such a way that no matter what the market does if it crashes against you or keep going crazy you will be OK and not regret your decision because you can't, nobody can control the outcome of a market the more you force your will on the market the more you sink with it. Let me share with you my experience trading Digibytes I accumulated when the price was around 250 satoshi and sold majority of it when the price clock a 1000 satoshi leaving me with some because for me if the market crashes after reaching that threshold and I did not sell I would've regret that. So manage your trades in a way that no matter what the market does you're not going to regret.

5. Don't Chase Hype Rather Anticipate It: Just like the popular saying of Warren Buffen buy when people are scared and sell when people are greedy don't buy when the price is pumping rather you anticipate the pump. Have seen people chasing hype buying at all time high when the price is pumping especially in when it happens in short period of time its not a good time to buy.

So this are the warning for new traders and investor.

Hope you get value from this.

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Scam Or Real : My Opinion on The Billion Coin (TBC)

Hello guys have been very busy lately which is one of the reasons why I haven't posted here this week. Today I will be doing some cryptocurrency review I met a friend who is also a blogger and graphic designer TolaGrafik one of the best in his field did I tell you he designed the CryptoNG logo. He asked me of my opinion about TBC whether it's a good project to invest if you don't know TBC is an acronym for The Billion coin.

Even before I met Tola today I having been receiving messages from friends and even members of Crypto Nigeria community group on whatsapp asking of my opinion on TBC this has prompt me to do a review on this coin. Many have invested in stuffs which they don't much about and that is a very risky thing to do. I always advice people to do their own thorough research before investing in any cryptocurrency.

You see as a shrewd investor and trader I've learned to be incredibly skeptical because I've seen many investment scheme that turn out to be scam some of which have fallen into I must be honest with you.

The billion coin has been really gaining some levels of exposure here in Nigeria have seen posters, adverts online, radio TV about this coin which is one the reasons why I have decided to do a brief review on it for you to understand what you are dealing with.

What is The Billion Coin (TBC)

The billion coin (TBC) claims to be a cryptocurrency that was invented on March 2016 by who? I don't know. This coin also claims it's market value that is the price always increase daily and never goes down in value which means it is not in anyway affected by the logic of the market which is based on the demand and supply of a cryptocurrency. The billion coin is claimed to be a user based and is determined by the number of verify users.

TBC formula: The Price = Number of
Verified Members x 1€.

Which means if TBC reaches 1 billion users, each TBC coin will be
worth 1 billion euros.

However having said all this, it can be concluded that TBC's ideology is totally different from the concept of cryptocurrency which is seen as a digital medium of exchange that is made possible by some certain cryptographic principle

Crryptocurrency are designed to operate as a decentralised and an open source they are either base on the proof of work or proof of stake. TBC claims to be based on the proof of work but the miners are not shown on their public ledger so who are ones minning the coin to crown it all one the website it's was clearly stated that TBC is not regarded as crypto currency but a peer to peer internet currency.

TBC is based on Logistics... 😂😂.

Typical cryptocurrency like bitcoin, ethereum, dash, litecoin and ripple and many others utilizes the blockchain technology the right way by making use of encryption techniques to create and secure transaction while TBC seems to be doing the opposite.

In conclusion The billion coin (TBC) is not a cryptocurrency and should not be regarded as one. In the traditional sense it's the opposite of the cutting edge of financial revolution cryptocurrencies has come to offer. TBC has zero innovations, poor and inactive community the website as am writing is currently down.

Here's my opinion; According to my research on The Billion Coin (TBC) is claimed to be a peer to peer internet currency which could turn out to be a potential scam it's not genuine or legitimate investment I would advice you not to venture into so shouldn't put your money in there.

However there are chances of TBC becoming legit but its slim they claim it will go public if they reach 1 billion users that I doubt that will ever happen considering the way the price is artificially controlled.

Till then don't put your hard earned money on TBC

Here's are some additional facts th prove that The billion coin is not a cryptocurrency.

1. The billion coin (TBC) is not listed on coinmarketcap which is the standard repository of digital currency in the crypto world.

2. The value of TBC is claimed to always go up even refuting the law of gravity. The values is not base on the demand and supply of the coin and it's not speculative.

3. No reliable online exchange is listing the billion coin (TBC) on their exchange that means if the users by the time the coin crashing users who obtained it will be left with a worthless coin. This should be a concern for TBC members as you can not exchange your coin to any digital or fiat currency but only to a fellow member.

4. It makes uses of a multi level marketing system to get new members.

5. The billion coin (TBC) has no source code, no white paper, road map and worsen it is artificially mined as the miners are not displayed on the public ledger.

Hope this helps.

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Blockfolio Review : Track Your Crypto Portfolio All In One Place

Blockfolio is an amazing app i did like to share with you today. With the help of this app i am able to track all my portfolio across multiple online exchanges all in one place. Blockfolio app works as a crypto currency manager with unique features and tools that help keep track of your assets by providing you with the detailed price, candlesticks chart, and other important market information for each currency.

Blockfolio also get you updated with the latest news around the crypto scene, sourced from coindesk, bitcoin magazine and other high profile news site in the blockchain community. The app has a slick design, very simple to use and its a wide range of digital currencies and exchanges.

It is a must have for anyone trading crypto currency and its arguably the best crypto app you can use to follow the trades you've made and their current status of your portfolio. Blockfolio helps you track your position without logging each market it can also be use to monitor a coin without any holding.

Features Of Blockfolio

1. Good Interface : Compare to other apps Blockfolio has a very simple design and easy navigation with one click to different tools and areas. Overall the portfolio overview is cool.

2. Price Notification: Blockfolio has a price notification tool that you can use set alert it notify you when a coin cross a certain threshold. Its a very good tool you can use if you are a daylight trader.

3. Order Books: Here you can see the other exchange market order books of a coin directly from the blockfolio app it gives you real time updates of the buy/sell books.

4. Candlesticks Charts: it also has a small candlestick chart box where you see the coin movement in the market, 24 hour market data, the current volume in circulation, current price high and low and other market info.

5. Holdings : This area is where you input all the trades you've done by selecting the currency you invest in inputing the price you buy it on the exchange and it shows the current value the coin you trade and helo you track your gain and loses.

I love this app and all its has to offer it makes keeping track of my overall crypto portfolio a breeze.

Hope its helps.

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13 Beginner Tips for Cryptocurrency Newbies

A very warm welcome to all the newbies out there if you are just getting started with cryptocurrency then here are few beginner tips that will keep you going on the right track.

The crypto scene is not just anyhow place you jump into its a highly volatile market unpedictable but promise good returns if you trade or invest in the right way

1. Coinmarketcap.com is a great place to research coins – click on coin and the left side nav offers 3rd party links social networks, forums and official site

2. Don’t get overwhelmed by the techie talk in your research – keep reading – your brain will database the important words and make sense of it after you finish reading. (you will be a semi-pro after your 3rd whitepaper 😊

3. Ask questions on forums and community – whenever you have a question feel free to ask the community like bitcointalk.org crypto currency group on facebook reddit they will surely render help.

4. Make sure you do your own research before investing in any cryptocurrency don’t ask people what to buy, rather you can ask for opinions on specific blockchain technology  this way you will learn and not blindly follow market bubbles off the cliffs

5. Please never invest more than you can afford to lose. This is new technology and well... things happen. Companies fall apart, wallets break, hackers hack and well something bigger and better simply appears out of nowhere.

6. Don't ever all of keep your assets or coins on the exchanges that why you have Mycellium, Copay,  Bread wallet best bitcoin wallet and Blockfolio, Jaxx and Coinomi are currently the best multi-wallets – most coins have their own (stand alone wallets / some even mobile)

7. Always add and enable extra security. On everything and anything you can. Google Authenticator, Pins, and 2 step verification processes are your friends.

8. Always back up your wallet off-line. A fire proof safe with printouts of your private keys and a flash drive for immediate access is a good way to go. Remember You ARE YOUR BANK.

9. Buy Low – Sell High. Don’t buy into the hype. Remember a correction is always just around the corner.

10. Diversify! Diversify!! Diversify!!! Spread your portfolio across several assets that you believe have solid opportunity and let them grow for months at a time.

11. Cryptocurrency investments are much like a crazy rollercoaster at times – for every surge there is a correction.

12. Keep your emotions in check. Nothing is worse than allowing your emotions to make decisions for you.
13. Finally, Tell your friends about the blockchain! More importantly than anything else make sure to spread the love of crypto technology and help us grow the crypto community in Africa and share with the world.

Enjoy!

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Bitcoin/Altcoin Trading Made Easy With TabTrader

Tab trader is one of the best altcoin trading app in the crypto space with a user rating of 4.6 on Google play store. It is an excellent app i would recommend you having if you are into crypto trading with the tab trader you don't always have to login to your online exchange account to check up on your trades.
Its an application that helps you simplify trading as it saves you the headache of checking your exchange transaction trades with a very good interface and cool design very functional and clean (No Ads).

Tab trader is completely free trading terminal and it supports quite a number of online exchange platforms including the likes of Poloniex, Bittrex, Kraken, Coinbase amongst others and it also supports arrays of cryptocurrencies.

Features of Tab Trader

Tab trader is very slick and easy to use it allows quick trading for emergency transaction with gorgeous price charts (candlestick, price line, bar) with a technical indicator. You can place your buy/sell orders of the coin you want to trade and it will surely reflect on your exchange account, tab trader has no trade limit on any altcoin and you can also set price alerts.

How to Connect your Online Exchange Account to Tab Trader

Connecting your exchange account to your tab trader to is not hard and doesn't takes much time it just require an API key encryption
Follow this simple steps.

1. Download and install Tab trader on your Android device

2. Go to your online exchange account then to SETTINGS ---> API KEY and create a new API and secret key remember do not give deposit or withdrawal right to the key when you're creating it.

3. After you've successfully created your API key its important to copy/save your API and secret key offline as you will be needing it you also can save them on your google account.

4. The next thing is to connect you tab trade to your exchange account. Open your newly installed tab trader app, click on account and then click on the plus (+) icon down on the right side you will be given two option on how to do it you either connect by using the option scan QR code by scanning the bar code on your desktop page where you created the API key or manually scroll and choose the online exchange you want to connect the tab trader to click on your choice of exchange and enter the API and secret key you've created earlier on the online exchange website and click save.

5. Now that you've successfully connect your exchange to the tab trader the next thing is to go to Watchlist on the tab trader there you can add altcoins you want to keep track of by clicking on the plus (+) icon down the right select your exchange and all the list of bitcoin /altcoins or cryptocurrencies trading supported by that exchange will let displayed all you have to do is tick the altcoins you've trade or invested and would want to keep track of and you can also add coins you did like to watch.


Hope this helps.

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