SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger

SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger - Printable Version

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RE: SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger - SIGEN - 11-09-2018

Important Rules of Cryptotrading: No Greed, No Panic

In one of the previous publications, we already told you about the main rules to be followed by a trader on the cryptocurrency market. Today, we'd like to consolidate this knowledge and tell you about the two key rules to be known by each trader.

Don't fall victim to greed

Don't fall victim to the desire to earn as much and as fast as possible by buying cryptocurrencies with no regard to the price and the trend. Don't expect the price to always soar or slump unless analysis tools unambiguously prove it. If an aspiring trader feels the thrill that cannot be analytically explained, it's time to stop and exit the trade.

Don't surrender to panic

Panic is even more dangerous than greed. It's harder to tackle since usually it attacks you when the price collapses — it seems you could lose all your assets. However, you often need to stop and exit the trade to avoid becoming a part of panic selling.

As regards cryptocurrencies during panic selling events, it's worth remembering that, despite their volatility in the short and medium term, in the long term cryptocurrencies demonstrate a constant growth, and it's best to be able to trade in the current prices rather than surrender to emotion, sell all your assets and quit trading for good.

RE: SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger - LigmaSugma - 11-10-2018

That's quite a useful resource you offer. As far as cryptocurrency is spread wide such platforms will be more and more in demand. As well as bitcoin casino usa. There are so many bitcoin gambling sites I didn't even know. Check them too!

RE: SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger - SIGEN - 11-24-2018

Hidden Order: Why You Need It and How You Can Submit It

For certain reasons, some investors prefer to hide large-size orders submitted for trading. These orders are the so-called “hidden orders”.

A hidden order allows the trader not to display the real number of buy / sell transactions for large amounts of cryptocurrency. This order is not displayed in the order book.

Creating a hidden order on Sigen.pro

On the Sigen.pro cryptocurrency exchange, you can create a hidden order whenever you fill up the “Buy” or “Sell” request. You can just tick the relevant checkbox, and the market players will not see your order.

According to research, hidden orders are a manifestation of growing trading activity on the market.

Finding a hidden order

Observant traders may notice the exchange has a hidden order out there. If you can see a certain number of buy or sell requests, but you can actually buy or sell more at the indicated price, it means a hidden order has been activated.

Moreover, the total volume of the order book will be larger than the amount of all visible orders. Finding hidden orders may be useful to amend the forecast for the cryptocurrency exchange.

RE: SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger - SIGEN - 12-04-2018

What is a “Short” and a “Long”?

The terms “long position (a long)” and “short position (a short)” are key concepts for the stock exchange. Despite what their names suggest, these fundamental trading strategies have no connection with the transaction duration.

Long Position (or Long)

A long (or long position) is the main method of trading wherein a trader expects the asset to rise in value over short or long term. In other words, the trader buys cryptocurrency “in the hope of growth”. This is what “bullish” traders do. Traders who go long on cryptocurrencies virtually shoulder the entire market preventing cryptocurrencies from falling in price too much.

Short Position (or Short)

A trader who “goes short”, i. e. enters into a short position, sells cryptocurrency with the expectation that it will fall in value.

Short positions allow the trader to make profit when cryptocurrencies become cheaper. In this case the trader borrows tokens or buys them on credit. They sell the tokens at the current price during a downturn and buy them back at a lower price in order to cover their debts. Traders who choose this strategy are “bearish”.

Experienced traders can make profit on both long and short positions. However, most of them will only opt for one option rather than use both. Please note that long positions are much more favorable for the growth of the cryptocurrency market.

RE: SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger - SIGEN - 12-14-2018

What is a Node in a Cryptocurrency Network?

A node is, in essence, any computer connected to the blockchain network and using the P2P protocol. Nodes use this protocol to communicate with each other distributing information about transactions and blocks across the network. Strictly speaking, nodes are the key component of the blockchain network.

Nodes may be lightweight and full

A full node is any computer that is fully synced with the blockchain network. Each full node has a copy of all blockchain data — starting from the genesis block and ending with the last generated block — on its hard drive. After each new block is created, information is updated, i. e. it's always up-to-date.

A light node is also fully synced with the network, but it does not store all the information from the blockchain on its hard drive — it only services the network. Most nodes in the network are lightweight; however, full nodes form the backbone of the network.

What are nodes for?

All nodes support network operations: they automatically validate transactions and generate new blocks while protecting the network from fraudulent activities. In many networks, node owners (miners) are rewarded with new coins that are generated with new blocks.

RE: SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger - SIGEN - 12-27-2018

Using Exchange on SIGEN Platform

The SIGEN platform has its own cryptocurrency exchange with easy-to-use and convenient functionalities. You can use it to make profit on price fluctuations. Buy cryptocurrencies at one price and sell them at another price to make money.

How do I start trading?

First of all, fill up your exchange account. To do this:

- Click the profile icon in the upper right corner of the page to open the menu. In the Deposit/Withdrawal section, select the line with the appropriate cryptocurrency wallet and click it to see your one-time address to deposit funds (the address will automatically change after each deposit).
- Transfer funds to the indicated address and wait for the proper validation of the transaction in the blockchain for the transfer to be deposited on your account.

After the transfer is completed, you can start trading on the exchange. Navigate to the Exchange section and create an order with the terms you want. To do this:

- Select the cryptocurrency pair of your choice in the upper right corner of the page.
- Create a buy or sell order. Click the amount next to the Available label, and the system will automatically make a calculation for the entire amount based on the current market price. If you want to change the price and the amount, do so manually. You can also create multiple orders with varying terms.

Please note: you can buy/sell cryptocurrency instantaneously if the Buy orders and Sell orders columns already include orders that comply with your terms. If currently there's no match, your order will need some time to work — you'll need to wait for other exchange users to respond.

An order may require one or multiple transactions to work, depending on the market demand. After each transaction, the appropriate amount will be displayed on your balance.

As you can see, using the SIGEN exchange is really easy, and your profit may be quite large since cryptocurrencies are very volatile, and their price may change by hundreds of percent in a single day. All you need to do is understand how the exchange works and start trading.

We wish you successful trading and large profits!

RE: SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger - SIGEN - 12-31-2018

Quote:Happy New Year from SIGEN

Save on fees with SIGEN

Different crypto exchanges charge different fees on transactions, deposit, and withdrawals. Most often the fees are pretty high. Is there a way to avoid high fees? Yes.

Fees are a headache for traders and investors.

When trading in crypto exchanges, the thing traders and investors complain about most is high fees. A fee is in the amount of some percentage of each transaction. Moreover, in some crypto exchanges only buyers are charged with a fee whereas in others both buyers and sellers have to pay a percentage.

A crypto exchange can also charge different fees on withdrawal to different payment systems. Sometimes, with the help of the amount of a fees, crypto exchanges give preference to a particular cryptocurrency. In other words, most of cryptocurrency exchanges use fees as a great possibility to manipulate users' behavior and make money on it. However, not all exchanges stick to this policy.

SIGEN has no fees charged for cryptocurrency deposits/withdrawals while the transaction fee is just 0.1%.

The SIGEN platform doesn't use fees as a means of pressure on traders. It has the lowest possible fees.

- No fees are applied to cryptocurrency deposits and withdrawals
- The fee for a transaction on P2P platform and exchange is charged both for the buyer and the seller, and equals to 0.1% from each party.

These conditions are attractive for all traders but they are most favorable for newbies who due to high fees on other platforms, can't make a big profit.

Low transaction fees and no fees applied to deposit and withdrawal allow traders including those trading with a small amount to trade with no losses. We follow this policy as we intend to make cryptocurrencies available for anyone.

Use the SIGEN platform and take advantage of the lowest possible fees.

RE: SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger - SIGEN - 01-17-2019

Cryptocurrency Trading: Where to Start

Investing in cryptocurrencies attracts more and more people, as does cryptocurrency trading. However, before entering the cryptocurrency market, one should do certain things to create a solid base for further success.

Sources of knowledge

First, you need to try and find out as much as possible about the blockchain, cryptocurrency, crypto market — study all materials you possibly can. But don't delve too deeply into the technical details and blockchain history — focus on the financial aspect instead. You can find abundant information on YouTube, Telegram channels, etc.

Storage for money

When working on the crypto market, you must select a storage for your coins. Historically, cryptocurrency exchanges are not a safe place for storage — they're prone to technical glitches, hackers carry out successful attacks on them, exchange management can even change the rules at their discretion. This is why a more reliable option is a wallet or multiple wallets on computers that must also be copied to the external media. You should, however, retain some money on the exchange — just in case you will need to rapidly react to leaps prices.

Market gurus

The key and most influential news of the cryptocurrency market originate with cryptocurrency founders, advanced crypto enthusiasts with multi-million income and successful crypto investors. Among others, they include Charlie Lee, Vitalik Buterin, Roger Veer and about 10 more names. You should follow them in the social media.

Colleagues

You should also join chats of cryptocurrency traders. Here you can find practical knowledge about trading and consult experts avoiding mistakes. But don't trust all of them blindly. First of all, trust what you've learned yourself.

Cool head and iron nerves

One of the first rules to be adopted by a fledgling cryptocurrency trader is avoiding to trade on an impulse. In other words, don't give in to excitement or panic. Learn to play cool from the very beginning, stay reasonable casting aside greed and fear.

RE: SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger - SIGEN - 02-26-2019

Trading Volume as a Trader's Basic Tool

The trading volume indicator reflects the number of cryptocurrency transactions over a period of time, i. e. whether traders are interested or not in a coin. Let's review this indicator in more detail:

Volume and price

Volume is a basic cryptocurrency trading indicator that can be used to make decisions regarding investment and trading. It allows you to forecast price movements fairly accurately. It's because, surprisingly enough, it's not the price that dictates the volume; rather, it's the cryptocurrency market volume that determines the cryptocurrency price.

It's easy to prove. You can just have a look at the share of Bitcoin on the crypto market and at its price in comparison to other cryptocurrencies. Bitcoin price hike is made possible by a huge market volume. Volume always comes first, ahead of price. Volume indicators are the first to change followed by price. Accordingly, when a cryptocurrency falls away in traders' interest, volume shrinks first followed by a decrease in price.

Price patterns

Trading volume may be used to analyze price patterns based on the established dependency between volume and price. With any price pattern, volume growth must be followed by cryptocurrency price growth. Additionally, you must pay attention to the stability of support and resistance lines. A stable support line shows that the volume is high.

Moreover, it's important to analyze volume movements both vertically — based on the current volume — and horizontally which allows you to assess trend stability over time.