CEX SIGEN - sigen.pro

[Nortrom]

crypto?
still relevant these days?

 

[SIGEN]

Key Concepts of the Bitcoin Network​

Bitcoin is a whole virtual world. To find a way in this world, you need to know the key concepts. Today, we'll tell you all about blockchain, blocks, nodes and mining.

Block

Blocks in the Bitcoin blockchain are, in essence, registers that contain both information about each particular transaction (transfer) and information about all network transactions. Each block has a fixed size which imposes certain restrictions on the Bitcoin network operations.

Blockchain

This is the cornerstone of Bitcoin. One might as well say that it was not Bitcoin that created the blockchain — rather, it was the blockchain that created Bitcoin. All types and kinds of existing blockchains are based on the Bitcoin blockchain. Blockchain is, in essence, a linked chain of blocks, which one block following another chronologically. A block in the Bitcoin network is no more than 1 MB. Overall, the entire Bitcoin network is about 142.5 GB.

Mining

Mining is a process of supporting network operations and generating bitcoins. It involves solving mathematical problems — hashes — by making calculations. When the right answer is obtained, new blocks are created and new coins are generated. The process is automatic and uses special software. In the first few years of Bitcoin's existence, mining could be carried out using regular computers, but now it can only be done using specialized powerful equipment. Bitcoin is virtually not mined by separate users — it's a real industry: huge “farms” with maintenance costs amounting to the biggest part of mined coins.

Miner

Before traders and investors owning huge amounts of bitcoins appeared, miners were dominating the Bitcoin network. But even now the network's very existence depends on miners since their main functions is validating transactions, adding new blocks into the blockchain and generating new bitcoins which are then given to them as a reward after hash is calculated. The reward is large — 12.5 ВТС per generated block. In addition, miners receive the fees paid by other network users for transaction validation.

Node

A node is any computer in the Bitcoin network (where mining is “enabled”). Miners use nodes to support network operations. Each node stores a copy of blockchain and verifies the block chain sequence against that stored by other nodes on a continuous basis. If a node finds a block that does not correspond to the block chain sequence in the network, this block is rejected and is not included into the blockchain. This principle explains the invulnerability of Blockchain that cannot be hacked and modified.

 

[SIGEN]

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.

 

[SIGEN]

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.

 

[SIGEN]

70% of cryptocurrency exchanges allow user accounts to have weak passwords. SIGEN doe

The creators of the Dashlane password manager analyzed the password requirements imposed by cryptocurrency exchanges.

They concluded that over 70% of all cryptocurrency exchanges allow users to use weak passwords. This can actually be seen as indifference to users' welfare, because their savings are at risk: accounts with weak passwords are vulnerable to hackers.

What is required to make a strong password?

- A password must be at least 8 characters long;
- It must have both lowercase and uppercase letters;
- It must include numbers.

It turns out that only about 30% of cryptocurrency exchanges and trading platforms fully comply with these requirements. The remaining 70% do not. Moreover, 43% of the analyzed platforms allow passwords shorter than 8 characters, and 34% do not require both letters and numbers.

Exchanges are unlikely to earn a good reputation with such an attitude toward user accounts. We recommend that you do not open accounts on such exchanges and certainly never keep funds there.

The SIGEN cryptocurrency exchange cares about your security

The SIGEN cryptocurrency exchange imposes stringent password requirements that comply with established standards. Additionally, mandatory two-factor identification has been introduced on the platform, as noted in a previous article. These security measures can reliably protect your savings from thieves. Using the SIGEN platform is simple and safe: we care about you!

 

[SIGEN]

SIGEN.pro Fast Cryptocurrency Exchange in a Single Click with No Registration

1). 11 languages available: English, Chinese, Russian, Spanish, French, Arabic, Hindi, Indonesian, Burmese, Portuguese, and Turkish.
2). 24/7 operations, no weekends.
3). Regular addition of new cryptocurrencies for exchange.

The following cryptocurrencies are currently available for exchange:
Bitcoin, Litecoin, SPARTA, Ethereum, Ethereum Classic, Bitcoin Cash, DASH, Zcash.

Buy/sell cryptocurrency rapidly and easily at any time:
- Buy/sell in a single click.
- Automatic.
- Instantaneous.
- Always based on the market exchange rate.
- No registration required.
- Easy and convenient.
- Ideal for newbies.

How it works:
- Select a pair for exchange.
- Transfer coins to the specified wallet.
- Receive another cryptocurrency to your wallet.

What you get:
- Complete security.
- 24/7 support.
- Powerful servers.
- Tips for newbies and useful publications in the social media.

It’s more than an exchanger!
SIGEN combines 3 platforms in 1: auto-exchanger, exchange and P2P platform.

You can both exchange cryptocurrencies and trade them with other players while making profit from trading and investing; you can also buy/sell cryptocurrencies for fiat money on the Peer-to-Peer basis, with no intermediaries involved.

Follow us in the social media:
Twitter
Instagram

SIGEN.pro platform.
Buy, sell and make profit from cryptocurrencies.
It’s fast, safe and profitable!

Start your exchange right now!​

https://sigen.pro/trading/swap

 

[SIGEN]

Pumping: what it is and what to do​

The unregulated nature of the cryptocurrency market allows crypto traders to engage in so-called "pump and dump" schemes, i.e. buying up and selling off cryptocurrencies on a large-scale.

What does "pump and dump" mean in simple terms?

A pump (pumping) looks like a sharp increase in a cryptocurrency's exchange rate. At some point, after the coin has reached a very high price relative to the beginning of the pump, the price of the coin falls sharply. This is called dumping, or a dump.

A pump and dump can be orchestrated by even one user on a single exchange if he or she has enough money to start mass buying followed by a massive sell-off.

But, of course, truly large-scale pumps are organized by groups of traders who coordinate their actions in advance and start manipulating the market at a specific time. The current "gathering place" for pumpers is social networks, where they special groups that coordinate their actions before and during a pumping / dumping operation.

Pumping is planned in advance and follows as scheme like this:

- "Positive" news, whether fabricated or overblown, is published on informational websites;
- Everything possible is done to bolster potential investors' interest in the breaking news;
- More and more inexperienced traders are brought in;
- The novices' hopes of price growth are stoked.

How to recognize pumping

The start of pumping can be easily seen on a particular cryptocurrency exchange based on users' activity in the local chatroom. Experienced traders start telling unbelievable stories about how the coin rate is growing and is about to start growing even faster, and that you need to buy it as soon as possible.

Before the pump, traders push cryptocurrency price so high that inexperienced players do not believe it might fall, so they continue to buy as the exchange rate rises. At some point, the pumpers stop buying, but inexperienced traders continue. Then the pumpers sell everything at a high price, and the exchange rate goes down. Then, inexperienced traders panic and sell what they bought. Thus, pumping "victims" buy high and sell low. Meanwhile, the pumpers make a profit.

Follow the rules!

Inexperienced trader don't have to lose money during pumping if they follow a few rules.

- Don't buy coins if the rate has instantly increased by more than 20%.
- Don't sell coins after there has been a brief price surge followed by a decline or contraction, since it will likely be followed by growth.
- Don't believe sensational news, especially if traders are spreading it in chatrooms.
- And, of course, don't use all your savings to buy coins when the price rises.

In any case, whether or not pumping is happening, cryptocurrency trading requires caution, experience, and common sense. So consider each step carefully. We wish you successful trades and profitable investments!

 

[SIGEN]

PRIZM trading has been resumed

Dear friends, all issues with the PRIZM (PZM) cryptocurrency have been fixed and it is available for trading again! You can start trading PZM right away!



Sincerely yours,
SIGEN Team

 

[SIGEN]

Trust your money to no one

Beginning traders often get hooked by "experienced investors" who offer their services regarding some "profitable" investment, promising only profits and no losses. But most of the time, such proposals are cover for amateurs seeking to make money at someone else's expense.

Trusting such people puts you at risk of going bust, while your "benefactor" won't lose anything at all. After all, if the deal ends up being profitable, he gets a percentage for his services, well. If the investment tanks, only you lose since he isn't investing his own money, only yours.

Do your own research

Since the cryptocurrency market is virtually unpredictable, even a truly experienced trader with solid capital can't say with 100% certainty how a particular coin will behave in the near future. Honest people simply won't promise you anything. Mountains of gold "no matter what" are usually promised by scammers who have no qualms about profiting from your naivete and trust.

To stay in the black, study the market yourself and learn to do analysis. Do not succumb to the desire to make money quickly with someone else's help. Be wise: don't trust your assets to outsiders; manage your own funds.

May good profits come your way!

 

[FAUZEY_FX]

pegi mamp0ss la cyrpto2 ni semua.. spread punya la besar.. baboon betol