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Absolute Security Trust
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Our experience โ€“ your financial security!
Our experience โ€“ your financial security!

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๐Ÿ’ก Kiwi biggest mover in Asia forex trading

โ˜ The New Zealand dollar was the biggest mover in an otherwise quiet morning session in Asia currency markets on Wednesday.

๐Ÿ”ฅ The kiwi gained as much as 1 per cent after the latest labour market statistics showed wages grew and unemployment fell in the September quarter.

๐Ÿ”น The New Zealand currency pared back losses from a day earlier as it climbed back above the $0.69 mark against the US dollar to an intraday high of $0.6913 from $0.6840 earlier in the session.

๐Ÿ“Œ The US dollar index, measuring the greenback against a basket of peers, was up 0.1 per cent.

๐Ÿ’ฐ The Australian dollar was flat at $0.7657 while the Japanese yen weakened 0.2 per cent to ยฅ113.86.

๐Ÿ“ In the debt markets, yield on 10-year Treasuries was up 1 basis point to 2.38 per cent, the Australian equivalent was up 4 basis points to 2.7 per cent and the Japanese 10-year note was flat at 0.057 per cent.

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๐Ÿ‘ Bitcoin Unlimited

๐Ÿ”ฅ The development of bitcoin was jumpstarted by Satoshi Nakamoto, who published a paper in 2008 called โ€œBitcoin: A Peer-to-Peer Electronic Cash Systemโ€. The paper described the use of a peer-to-peer network as a solution to the problem of double-spending. The problem โ€“ that a digital currency or token can used in more than one transaction โ€“ is not found in physical currencies, as a physical bill or coin can, by its nature, only exist in one place at a single time. Since a digital currency does not exist in the physical space, using it in a transaction does not remove it from someoneโ€™s possession.

๐ŸŽฏ The software standard for Bitcoin developed by Nakamoto is referred to as Bitcoin or Bitcoin Core. Since its launch, a number of improvements to the software have been proposed. These proposals often focus on increasing the number of transactions that the system can handle, either by speeding up the process or by increasing the size of bitcoin blocks.

๐Ÿ™Œ Blocks are files where bitcoin network data is permanently recorded. A block records recent bitcoin transactions, and serves a similar purpose as a ledger page or record book. Each time a block is completed it gives way to the next block in the blockchain. Blocks in Bitcoin Core are limited to one megabyte. Bitcoin Unlimited proposed that the size of blocks should be increased, and that miners โ€“ individuals and companies that provide the computing power required to maintain records of bitcoin transactions โ€“ will step up to increase capacity.

๐Ÿ’ก Because bitcoin is not controlled by a single entity, decisions concerning upgrades are done made through consensus. One of the primary reasons for this approach is that any organization that pushes forward with a change that other groups have not agreed to can result in bitcoin โ€œforkingโ€, which means that the network that runs bitcoin splits between different standards. A consensus-driven approach can, however, make it harder to tackle issues that bitcoin adoption faces.

๐Ÿ‘‰ Concern over forking is one of the reasons why Bitcoin Unlimited is not the new standard. Another concern voiced over Bitcoin Unlimited is that allowing bigger blocks could result in only miners with large processing power being profitable, while smaller miners with more limited resources will be pushed out. The concentration of capacity generation in the hands of fewer miners could increase costs. Proponents of Bitcoin Unlimited believe that moving away from the block size limit will democratize the system, as miners and node owners are free to choose how large of a block size to accept.

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๐Ÿ’Ž Bitcoin Cash

โœจ Bitcoin Cash differs from Bitcoin Classic in that it increases the block size from 1 MB to 8 MB. It also removes Segregated Witness (SegWit), a proposed code adjustment designed to free up block space by removing certain parts of the transaction. The goal of Bitcoin Cash is to increase the number of transactions that can be processed, and supporters hope that this change will allow Bitcoin Cash to compete with the volume of transactions that PayPal and Visa can handle by increasing the size of blocks.

๐Ÿ’ฅ Because the computer power required to process larger blocks could price out some smaller miners, critics worry that adopting Bitcoin Cashโ€™s approach will lead to power being concentrated in the hands of companies that can afford more and better equipment. Opponents to the fork worry that this will threaten the consensus-driven approach to Bitcoin, as a small number of companies could control Bitcoin and more readily force changes on the community in the future.

๐Ÿ’ก A successful hard fork for Bitcoin Cash entails surviving long enough to entice individuals and companies to use and mine the new digital currency if it is able to build substantial interest and reach critical mass. Once this point is reached, however, Bitcoin Cash may find that its success has prompted others to develop their own alternative coins, which would put the same pressure on Bitcoin Cash that it had placed on Bitcoin Classic. Since the issue of scalability tends to be at the forefront of cryptocurrency debates, developers have made increasing block size and improving transaction processing speeds their top focus areas.

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โ“ธ Types Of Indicators FX Traders Must Know

โœน Indicator No.1: A Trend-Following Tool

โœ“ It is possible to make money using a countertrend approach to trading. However, for most traders the easier approach is to recognize the direction of the major trend and attempt to profit by trading in the trend's direction. This is where trend-following tools come into play. Many people misunderstand the purpose of trend-following tools and try to use them as separate trading systems. While this is possible, the real purpose of a trend-following tool is to suggest whether you should be looking to enter a long position or a short position. So let's consider one of the simplest trend-following methods โ€“ the moving average crossover.

โ—Œ A simple moving average represents the average closing price over the number of days in question. To elaborate, let's look at two simple examples โ€“ one longer term, one shorter term. (For related information on moving averages, see Exploring The Exponentially Weighted Moving Average.)


โœน Indicator No.2: A Trend-Confirmation Tool

โœ“ Now we have a trend-following tool to tell us whether the major trend of a given currency pair is up or down. But how reliable is that indicator? As mentioned earlier, trend-following tools are prone to being whipsawed. So it would be nice to have a way to gauge whether the current trend-following indicator is correct or not. For this, we will employ a trend-confirmation tool. Much like a trend-following tool, a trend-confirmation tool may or may not be intended to generate specific buy and sell signals. Instead, we are looking to see if the trend-following tool and the trend-confirmation tool agree.

โ—Œ In essence, if both the trend-following tool and the trend-confirmation tool are bullish, then a trader can more confidently consider taking a long trade in the currency pair in question. Likewise, if both are bearish, then the trader can focus on finding an opportunity to sell short the pair in question.

โœน Indicator No.3: An Overbought/Oversold Tool

โœ“ While traders are typically well advised to trade in the direction of the major trend, one must still decide whether he or she is more comfortable jumping in as soon as a clear trend is established or after a pullback occurs. In other words, if the trend is determined to be bullish, the choice becomes whether to buy into strength or buy into weakness. If you decide to get in as quickly as possible, you can consider entering a trade as soon as an uptrend or downtrend is confirmed. On the other hand, you could wait for a pullback within the larger overall primary trend in the hope that this offers a lower risk opportunity.
โ—Œ For this, a trader will rely on an overbought/oversold indicator.

โœน Indicator No.4: A Profit-Taking Tool

โœ“ The last type of indicator that a forex trader needs is something to help determine when to take a profit on a winning trade. Here too, there are many choices available. In fact, the three-day RSI can also fit into this category. In other words, a trader holding a long position might consider taking some profits if the three-day RSI rises to a high level of 80 or more. Conversely, a trader holding a short position might consider taking some profit if the three-day RSI declines to a low level, such as 20 or less.

โž  Another useful profit-taking tool is a popular indicator known as Bollinger Bandsยฎ. This tool adds and subtracts the standard deviation of price data changes over a period from the average closing price over that same time frame to create trading "bands". While many traders attempt to use Bollinger Bandsยฎ to time the entry of trades, they may be even more useful as a profit-taking tool.

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โ˜ Innovation in payment systems - Part III

๐Ÿ‘‰ Trust and integrity

โœจ Bitcoin offers solutions to many of the trust problems that plague banks. With selective accounting transparency, digital contracts, and irreversible transactions, Bitcoin can be used as a ground to restore trust and agreement. Crooked banks cannot cheat the system to make a profit at the expense of other banks or the public. A future in which major banks would support Bitcoin could help to reinstate integrity and trust in financial institutions.

๐Ÿ’ฅ Resilience and decentralization

โžก By its high decentralization, Bitcoin created a different form of payment network with an increased level of resilience and redundancy. Bitcoin can handle millions of dollars in trades without requiring military protection. With no central point of failure such as a data center, attacking the network is a more difficult project. Bitcoin could represent an interesting step forward in securing local and global financial systems.

๐Ÿ’Ž Flexible transparency

๐Ÿ™Œ All Bitcoin transactions are public and transparent and the identity of the people behind the payments is private by default. This allows individuals and organizations to work with flexible transparency rules. For instance, a business can choose to reveal certain transactions and balances only to certain employees just like a non-profit organization is free to allow the public to see how much they receive in daily and monthly donations.

๐ŸŽฏ Automated solutions

๐Ÿ‘ Automated services usually have to deal with costs and limitations of cash or credit card payments. This includes all kinds of vending machines, from bus ticket booths to coffee machines. Bitcoin is suited to be used in a new generation of automated services as well as to cut their operating costs. Imagine self-driving taxis, or a store where your basket lets you pay your purchases without waiting at the queue. Many ideas are possible.

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๐Ÿ’ฅ Innovation in payment systems - Part II

๐Ÿ”น Crowdfunding

Bitcoin can be used to run Kickstarter-like crowdfunding campaigns, in which individuals pledge money to a project that is taken from them only if enough pledges are received to meet the target. Such assurance contracts are processed by the Bitcoin protocol, which prevents a transaction from taking place until all conditions have been met.

๐Ÿ”ธ Micro payments

Imagine listening to Internet radio paid by the second, viewing web pages with a small tip for each ad not shown, or buying bandwidth from a WiFi hotspot by the kilobyte. Bitcoin is efficient enough to make all of these ideas possible.

๐Ÿ”น Dispute mediation

Bitcoin can be used to develop innovative dispute mediation services using multiple signatures. Such services could make it possible for a third party to approve or reject a transaction in case of disagreement between the other parties without having control on their money. Since these services would be compatible with any user and merchant using Bitcoin, this would likely lead to free competition and higher quality standards.

๐Ÿ”ธ Multi-signature accounts

Multiple signatures allow a transaction to be accepted by the network only if a certain number of a defined group of persons agree to sign the transaction. This could be used by a board of directors to prevent any member to spend parts of their treasury without other members' consent. This can also be used by banks to prevent theft by blocking payments above a threshold if the user does not provide additional credentials.

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โœ” Innovation in payment systems

The Bitcoin protocol is not just about sending money from A to B. It has many features and opens many possibilities that the community is still exploring. Here are some of the technologies currently being researched and in some cases, turned into real products and services. The most interesting uses of Bitcoin are probably still to be discovered.

โœ” Control against fraud

An unprecedented level of security is possible with Bitcoin. The network provides users with protection against most prevalent frauds like chargebacks or unwanted charges, and bitcoins are impossible to counterfeit. Users can backup or encrypt their wallet and hardware wallets could make it very difficult to steal or lose money in the future. Bitcoin is designed to allow its users to have complete control over their money.

โœ” Global accessibility

All payments in the world can be fully interoperable. Bitcoin allows any bank, business or individual to securely send and receive payments anywhere at any time, with or without a bank account. Bitcoin is available in a large number of countries that still remain out of reach for most payment systems due to their own limitations. Bitcoin increases global access to commerce and it can help international trades to flourish.

โœ” Cost efficiency

With the use of cryptography, secure payments are possible without slow and costly middlemen. A Bitcoin transaction can be much cheaper than its alternatives and be completed in a short time. This means Bitcoin holds some potential to become a common way to transfer any currency in the future. Bitcoin could also play a role in reducing poverty in many countries by cutting high transaction fees on workers' salary.

โœ” Tips and donations

Bitcoin has been a particularly efficient solution for tips and donations in several cases. Sending a payment only requires one click and receiving donations can be as simple as displaying a QR code. Donations can be visible for the public, giving increased transparency for non-profit organizations. In cases of emergencies such as natural disasters, Bitcoin donations could contribute to a faster international response.

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๐Ÿ“Œ Bitcoin Decentralized Resiliance Against Government Seizures

โ–ถ In theory, yes. In practice, no.

โ˜ Yes, if the government went round and seized every mining gear out there bitcoin will collapse, at least for a moment. But there are several realities that make this totally impossible.

๐ŸŽฏ First, for this seize to succeed, all governments around the world will have to come together and act at the same time as one world government. Otherwise, one government seizing mining equipment in its territory leaves those in other territories still working and supporting the network.

๐Ÿ‘‰ But what are the chances that the Chinese, American, Russian, North Korean, Iranian โ€ฆโ€ฆ. governments will come together to seize bitcoin mining equipment?

โœจ Second, even if through a miracle the UN Security Council passed a resolution directing all countries to seize bitcoin mining equipment, they would only succeed in reaching the big mining farms. What happens as a result is the mining competition coming down. And suddenly every Joe will be able to mine using an ordinary desktop.

๐Ÿ’Ž That will bring in millions of mining nodes to the network from around the globe, which will be even harder for the governments to overcome.

๐Ÿ’ฐ The sure way to make bitcoin fail is to shut down the internet, an option that is also impossible given critical services around the globe now depend on the internet.

โžก The best and practical option the government has right now to make bitcoin fail is to use propaganda and public relations to dissuade the general public from looking into the direction of bitcoin. That could be done for example by portraying it as an enabler of crime or as a danger to the security of the general public. But even that will work in the short term.


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๐Ÿ”ฅ Would You Make Money Buying $100 of the Top 20 Cryptocurrencies?

โœจ I would say that depends on the period you are willing to let the investment be tied in the cryptocurrencies. And that is supported by data from price graphs of the top 20 cryptocurrencies-by market capitalization.
๐Ÿ”ธ In the short term, it is hard to tell whether cumulatively you will make a profit, especially if you are going to apply the same rules to all the cryptocurrencies. That is because same factors donโ€™t affect the up and down movement of the prices of these cryptocurrencies.
๐ŸŽฏ To make a profit in the short term, you may need to follow closely trends of each cryptocurrency, then buy and sell at the appropriate times for each.
๐Ÿ”น However, if your plan is to have a three month or investment, then the data points to a likelihood of making a profit even if you apply the same rules to all the 20 top cryptocurrencies.
๐Ÿ“Œ Looking at the graphs from coinmarketcap.com, most of the coins in the top 20 list have made price gains in the last three months. That of course includes bitcoin (BTC), Ethereum (ETH), Dash (DASH) and Monero (XMR).
๐Ÿ“ A few like Ethereum Classic (ETC) have pretty much remained in the same price region. Nevertheless, the general trend is upwards.
๐Ÿ‘ Conclusion: putting $100 in each of the top 20 cryptocurrencies will make you profit if you are willing to stake for three months or more. Day or week trading might not work for you. Extrapolating past trends into the future for any type of prediction can be dangerous. Always remember past performance does not guarantee future results.

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๐Ÿ’ฅ The Value Proposition of Blockchain

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โ˜ Before identifying the value proposition of blockchain, first we need to acknowledge that there are dozens of blockchains out there. Some are public blockchains (where bitcoin and Ethereum belong), others company or institutional private blockchains and there are also consortium blockchains (such as R3Cev and Hyperledger).

โ–ถ Furthermore, each of the blockchains in these categories has unique designs and is often targeted at a particular niche. For instant, the bitcoin Blockchain was designed with currency in mind. The platformโ€™s scripting language is very rigid when it comes to building and running other kinds of applications on top of it.

๐ŸŽฏ Having stated that, there are value propositions that cut across all blockchains. They include the following:

๐Ÿ”น Low Cost
All blockchains somehow cut the cost of doing businesses, powering processes and handling data.

๐Ÿ”ธ Security
All blockchains use cryptography to offer secure transaction channels, smart contracts and shared databases

๐Ÿ”น Privacy
Most blockchains afford their users privacy either by masking their real world identities or by denying access to those who are not party to a transaction

๐Ÿ”ธ Speed
All blockchains add speed to transaction mostly by cutting out the middle persons and leveraging on a global network of nodes.

๐Ÿ”น Open source assets
All blockchains act as virtual machine to run decentralized applications, which makes it unnecessary to buy or hire servers. Most of them are also designed to act as free to use databases.

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