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Understanding Crypto Concepts and Terminologies

By
Paul Ugbede Godwin
-
0

Every industry has its own terminology used to describe the scheme of things, that isn’t limited to the crypto industry. Understanding these concepts and terms help shape one’s knowledge of the industry. We will try to explain some basic terminologies used while engaging in crypto trading.

Bitcoin or BTC A decentralized digital currency that uses cryptography to secure transactions and control its creation.

Blockchain: A distributed ledger that records all bitcoin transactions in chronological order and is maintained by a network of nodes.

Node: A computer that participates in the bitcoin network by validating transactions and blocks.

Block: A batch of transactions that is added to the blockchain after being verified by nodes.

Mining: The process of creating new bitcoins by solving a complex mathematical problem that requires a lot of computing power.

Miner: A node that performs mining and receives a reward in bitcoins for each block it creates.

Halving: An event that occurs every 210,000 blocks (approximately every four years) and reduces the mining reward by half.

Wallet: A software or hardware device that stores the private keys that allow users to access and spend their bitcoins.

Address: A string of alphanumeric characters that represents a destination for sending or receiving bitcoins.

Transaction: A transfer of bitcoins from one address to another that is recorded on the blockchain.

Fee: A small amount of bitcoins that is paid to the miners for including a transaction in a block.

Confirmation: A measure of how many blocks have been added to the blockchain after a transaction, indicating its security and finality.

BIP: A Bitcoin Improvement Proposal, a significant proposal to change Bitcoin at the protocol level.

ASIC: An application-specific integrated circuit, a computer chip customized for Bitcoin mining.

Atomic Swap: A smart contract-enforced exchange of cryptocurrencies across different blockchains.

Batching: The practice of combining multiple bitcoin payments into a single transaction with multiple outputs.

BTO: Buy to Open, buy in order to establish a new long position.

STO: Sell to Open, sell short in order to establish a new short position.

BTC: Buy to Close, buy in order to cover an already-open short position.

STC: Sell to Close, sell in order to exit an already-open long position.

Fork: A split in the blockchain that occurs when different nodes follow different versions of the protocol or rules.

Hard fork: A type of fork that creates a permanent divergence in the blockchain and results in two incompatible networks and currencies.

Soft fork: A type of fork that creates a temporary divergence in the blockchain and can be resolved by upgrading all nodes to the same version of the protocol or rules. – Bitcoin candlestick and chart movement are tools for analyzing the price action of bitcoin in different time frames. A candlestick is a graphical representation of the open, high, low and close prices of a bitcoin trading session.

A chart is a collection of candlesticks that show the historical and current trends of bitcoin price movements. Candlestick and chart movement can help traders identify patterns, trends, support and resistance levels, and potential entry and exit points for their trades.

Some common types of candlesticks and chart movement are:

Bullish and bearish candles: Bullish candles indicate that the price increased during the session, while bearish candles indicate that the price decreased. The color and size of the candles can show the strength and momentum of the price movement.

Doji candles: Doji candles have very small or no bodies, meaning that the open and close prices are very close or equal. They indicate indecision or uncertainty in the market and can signal a reversal or continuation of the trend depending on the context.

Hammer and inverted hammer candles: Hammer candles have long lower shadows and small or no upper shadows, meaning that the price rejected lower levels and closed near the high. Inverted hammer candles have long upper shadows and small or no lower shadows, meaning that the price rejected higher levels and closed near the low. They indicate a potential reversal of a downtrend or an uptrend respectively, especially if they occur near support or resistance levels.

Shooting star and hanging man candles: Shooting star candles have long upper shadows and small or no lower shadows, meaning that the price rose to a high level but then fell back to close near the low. Hanging man candles have long lower shadows and small or no upper shadows, meaning that the price fell to a low level but then rose back to close near the high. They indicate a potential reversal of an uptrend or a downtrend respectively, especially if they occur near support or resistance levels.

Engulfing candles: Engulfing candles are composed of two consecutive candles of opposite colors, where the second candle completely covers the body of the first candle. They indicate a strong change in sentiment and momentum in the market and can signal a reversal or continuation of the trend depending on the context.

Morning star and evening star patterns: Morning star patterns are composed of three consecutive candles: a bearish candle, a small candle of any color, and a bullish candle that closes above the midpoint of the first candle. Evening star patterns are composed of three consecutive candles: a bullish candle, a small candle of any color, and a bearish candle that closes below the midpoint of the first candle. They indicate a reversal of a downtrend or an uptrend respectively, especially if they occur near support or resistance levels.

Tekedia Festival of Innovation and Knowledge BEGINS Tomorrow

By
Ndubuisi Ekekwe
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0

We begin on Monday, June 5, 2023. Our classroom is unbounded and unconstrained in capacity, and we have a seat for YOU. From Nvidia business strategy to Indomie noodleS playbook, from Airbnb growth drivers to Okomu Oil Palm Company Plc innovations, etc, and across 14 modules, over 100+ courses, we deliver unparalleled value for N60k or $140.

The #best school begins the next edition of Tekedia Mini-MBA, a festival of innovation & knowledge, tomorrow. Go and register before the early bird registration discount ends

Tekedia Institute >> winning the future with knowledge; come here.

WEB 3 9JA- Greatness needs to lead to writing, rather than a hope that writing will lead to greatness.

By
John Mc Keown
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0

Back to my ‘old skool’ way of penning Tekedia articles. I make an article heading, and then start it off talking about something completely unrelated… well yeah.. but not all is as it seems!

The feature image… ‘WRONG SEQUENCE’ from Port Harcourt is central to the thesis, although this post is nothing about Music!

This is the end of an era in Nigeria. One Muhammadu Buhari ruled Nigeria from 29 May 2015 – 29 May 2023.

Much reflection and introspection has happened in the media, much of it scathing, some few have been supportive.

In an intro to his post on LinkedIn, Samuel Nwite said Buhari’s manifesto pledged –  ‘Make Nigeria one of the fastest-growing, emerging economies in the world with a real GDP growth averaging 10% annually; eradicate state of origin, replacing that with state of residence to ensure Nigerians are Nigerians first, before anything else; creation of 720,000 jobs by the 36 states (20,000 per state) in the federation per annum; generate, transmit and distribute at least 20,000 MW of electricity within four years and increasing to 50,000 MW with a view to achieving 24-7 uninterrupted power supply within 10 years’.

Different people have different perceptions of to what extent these promises were realized, with some feeling it fell somewhat short, while many think it never really began.

My own recollection is of a reactive rather than a proactive regime, with individual reactions or decisions often exhibiting policy conflicts.

The one that baffled me the most, was a restriction placed on Forex to import about 50 products. This effectively bans those products without officially doing so. The Nigerian Naira is a restricted currency, so lack of access to ‘hard currency’ at official rates of exchange just renders a business based on importing those currency-restricted commodities ‘not viable’. This was intended to create market for local suppliers.

The problem was that separately, the administration brought out a grazing rights law. This gave nomadic herders priority over settled farmers on land. Nomads cattle grazed on crops. Countless agrarian families livelihoods were decimated. FMCG manufacturers with no feedstock from imports on the one side, or local farmers on the other side, were incapacitated.

This is one of many cases in point, but lets move on…

Excerpts from ‘Dear Mr. President, Please Don’t Tax It, Fix It First’ – Michael Ango, Partner – Tax Advisory & Regulatory Services – Andersen NG Consulting – 4th Floor, Karaa Place, 5 Acacia Drive, Osborne Phase 2, Ikoyi 23401 LAGOS NG.

The next area of disjoint I would like to mention is Education. Far too often in Nigeria we have under-trained teachers.. teachers barely finished their NYSC… teachers being teachers because it is the only thing they can find.. or those using it as a stepping stone to what they see as greater things.

How can a nations children build intellect if they are being trained by the rejects or future novices of other professions?

In a utopian education for Nigeria, after a dazzling corporate career, Aliko Dangote, Tony Elumelu, Mike Adenuga and Austin Okere would only after all that, be deemed adequately prepared to serve the educational needs of Nigeria’s children. – But where on earth can you find utopian conditions?

“Teachers are sinequanon to educational growth and development and in any field, even in vocational studies, you need teachers. Teachers these days are technically disoriented, poorly motivated … In those days, teachers were the kings of the village, but today teachers are seen as the hoi polloi…Everybody wants education, but without a proper teaching capacity development, the growth of education will be in danger and it has been in danger anyway…. – Alhaji Laid Tella.

Do we see a trend here?

And finally, on to writing about Web 3 in Nigeria –  When practiced for online platforms (such as LinkedIn) this is, in itself, a form of education. One common thread of Political Leadership, Classroom Education, and Online Platform Authoring is that they all have mass reach and mass impact.

Getting the details wrong, evading the core technical issues, or creating content unprepared, has the potential for mass misinformation.

Simply put, it is mis-educating.

We all have to start somewhere, but growing in a space must be practiced with efforts to limit consequences.

There’s no room here for ‘fake it till you make it’. We need to create content from the perspective of being technically well informed, because the stakes for not doing that, are just far too high.

‘ …when it comes down to basic knowledge of a task or responsibility, feigning expertise isn’t going to help you. In fact, it will likely hurt.’  – Avery Augustine – ‘When You Should Fake it ‘Til You Make It (and When You Really Shouldn’t)’

Or as the article heading reads:

Greatness needs to lead to writing, rather than a hope that writing will lead to greatness.

 

9ja Cosmos is here…

Get your .9jacom and .9javerse Web 3 domains  for $2 at:

.9jacom Domains

.9javerse Domains

All reference sites accessed 02-04/06/2023

 

thenewsnigeria.com.ng/2018/04/25/national-assembly-wrong-on-reordering-of-elections-sequence-court-rules/

facebook.com/wrongsequencetotheworld/

guardian.ng/sunday-magazine/newsfeature/how-to-make-teaching-profession-attractive-by-tella/

premiumtimesng.com/news/more-news/426204-nigerian-govt-considers-career-path-policy-for-teachers.html?tztc=1

superprof.ng/blog/teaching-certifications-in-nigeria/

themuse.com/advice/when-you-should-fake-it-til-you-make-it-and-when-you-really-shouldnt

tekedia.com/buharis-failed-promises-policies-and-nigerians-memories-of-his-dark-foot-prints/

 

 

Price Prediction: Immutable X and Tradecurve top altcoins set to surge

By
TI Partners
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0

Over the last few years, the cryptocurrency market has recorded rapid development, leading to an increase in the adoption of the technology. With the adoption trend only expected to increase, more investors are beginning to jump into the cryptocurrency market in the quest for gains.

As always, solid projects with good use cases are the ones that yield the most returns. Immutable X and Tradecurve are two exceptional blockchain projects expected to capture even more crypto market share. In this article, we will discuss the price predictions of Immutable X and Tradecurve given their current market performance and the potential they have for future increases.

Immutable X (IMX) Development in Web 3 Gaming Makes it Bullish

Immutable X (IMX) started the year as one of the best-performing assets but has been in consolidation over the last six weeks. Immutable has focused on building the future of Web 3 gaming, attracting more users and investors. Immutable has also recently launched a new gaming passport as a means to onboard new users into the Web 3 gaming space.

This expansion is what gives Immutable X (IMX) a bullish price prediction for the next few months. Immutable is also working with the likes of Polygon Labs, Gaming Engine Unity, and iLogos on several projects aimed at expanding its gaming ecosystem.

Year-to-date, the price of Immutable X (IMX) has doubled – from $0.37 to its current price of $0.7687. As the Immutable Web 3 ecosystem and Layer-3 roll-ups find more usage, experts have predicted that the price of the asset could cross $1 in the third quarter of 2023. From the prediction data of IMX collected, the average price of the asset for 2023 is $1.87, with some predicting prices of up to $2.4 by the end of the year.

Experts Predict a 100x Price Rise for Tradecurve (TCRV)

Just like Immutable X , crypto market experts are very bullish about Tradecurve – a decentralized trading platform that seeks to revolutionize the exchange space. The platform will solve the transparency, security, and privacy challenges by implementing Proof of Reserves, allowing users to manage their private keys and open accounts without the bothersome KYC requirements of centralized exchanges.

Tradecurve will also be the first blockchain platform where users will be able to use cryptocurrency as leverage to trade a wide range of global financial instruments including stocks, bonds, ETFs, forex, commodities, options, and others.

Other advanced features like negative balance protection, algorithmic trading, copy trading, ultra-high fast order executions, high leverage (500:1), and social trading.  lacking from the likes of Binance, Kraken, and Coinbase are present on Tradecurve.

Investors and market experts have shown great interest in Tradecurve because it has revolutionized the trading of financial assets in the crypto space. With this much prospect, many crypto market analysts have predicted that Tradecurve could push to become one of the top 3 crypto exchanges, with its native token gaining up to 100x in the process. Tradecurve is in the third stage of its presale and you can join to become one of the fastest-growing communities by buying TCRV for $0.015 per token.

For more information about the Tradecurve presale:

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The Ultimate Beginner’s Guide to Investing in Meme Coins: Featuring Hollywood X PEPE

By
TI Partners
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0

Disclaimer: Cryptocurrency investments, including meme coins, come with considerable risk. Always ensure you’re well-informed and consider seeking advice from a financial advisor if necessary.

Best MEME Music Video Below, PEPE HXPE PIKA to the moon

https://www.youtube.com/watch?v=8U0oLZmPHLM

As cryptocurrency increasingly becomes mainstream, a unique subset known as meme coins has been gaining traction. Deriving their origins and popularity from internet memes, these coins have seen substantial growth and profitability, often to the surprise of many. The most iconic examples include Dogecoin and Shiba Inu, but there’s an array of other meme coins out there. One such coin is Hollywood X PEPE. But how does a beginner go about investing in these meme coins? Let’s find out.

  1. What are Meme Coins?

Meme coins, like Dogecoin, Shiba Inu, or Hollywood X PEPE, are usually born out of internet humor. They typically don’t have a profound use-case or purpose within the blockchain ecosystem, unlike Bitcoin or Ethereum. Despite this, meme coins have managed to yield considerable returns for investors due to their viral nature and strong community backing.

  1. Importance of Research

Before jumping into investing, conduct thorough research. Look at the coin’s official website, white paper (if available), and assess the online sentiment surrounding it. Understanding aspects like the coin’s supply, its creators, and its listing on cryptocurrency exchanges is crucial. The crypto world can be unpredictable and risky, so it’s essential to approach with caution.

  1. Selecting a Trustworthy Cryptocurrency Exchange

A cryptocurrency exchange is a platform where you can buy, sell, or trade cryptocurrencies. Reputable exchanges include Coinbase, Binance, and Kraken. Choose an exchange that supports the meme coin you’re interested in, and ensure the platform is secure and has a positive reputation.

  1. Set Up and Secure Your Account

After selecting an exchange, you’ll need to set up an account. This usually involves providing an email address and setting a password. For added security, don’t forget to enable two-factor authentication (2FA).

  1. Buying Your Meme Coin

Once you’ve deposited funds into your account, you’re ready to purchase your meme coin. In this case, you’ll be buying Hollywood X PEPE. It’s recommended to start with a small investment, especially if you’re a novice in the crypto space.

  1. Safeguard Your Coins

Post-purchase, it’s crucial to secure your coins. While some investors keep their coins on the exchange, it’s often safer to transfer them to a digital wallet. These wallets come in two types: hot wallets (online) and cold wallets (offline). Although cold wallets are usually more secure, they might be less convenient to access.

  1. Keep an Eye on Your Investment

Lastly, regularly monitor your investment. Crypto prices can be exceptionally volatile, so staying informed is key. Consider setting up price alerts to react swiftly to market fluctuations.

Investing in meme coins, like Hollywood X PEPE, can be an exhilarating journey. However, as with all investments, it comes with its fair share of risks. Thorough research, only investing what you can afford to lose, and seeking professional advice when needed are all vital steps to remember.

Are you ready to embark on your meme coin adventure? Happy investing!

 

Hollywood X PEPE Token | $HXPE Pre-sale is Live

Official Hollywood X PEPE Links | Linktree

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