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Welcome to Reddit, the front page of the internet. Become a Redditor and join one of thousands of communities. Finally, we have a little bit more fundamental analysis. A cleverly named website called PricePrediction has had a shot at making a call on the future price of Reddcoin.
PricePrediction has looked at the roadmap and pulled out some positive news and some negative news. Look at the technical analysis chart below. To someone who knows absolutely nothing about technical analysis, this probably looks great. Look at how the arrows point upwards!
That said, if you know anything at all about technical analysis you will quickly spot that these are just half a dozen lines drawn on a chart. However, the arrows added later do not. That leads us neatly onto my next section — the problem with technical analysis when used to predict prices for investments.
Technical analysis is a skill that involves using the past performance of an asset to judge its prospects. For those who have become skilled at technical analysis, it can be used to make some seemingly telepathic trading decisions. However, because cryptocurrency is a market that never stops trading, for technical analysis to be successful it requires constant watching of the charts. What looks like a bullish trading signal can turn bearish pessimistic in a matter of hours.
Trying to use technical analysis for long-term price predictions is therefore foolish unless you can do it yourself or are receiving constant updates of the analysis in real time. As you can see, the chart from PricePrediction as displayed in the previous section is very out of date now.
In fact, a more recent chart would show that the lines drawn on were not accurate Reddcoin price predictions at all! The Reddcoin roadmap is something of a mystery. The closest thing to a current version of it is below. Even on the section talking about PoSV verifications, there are no indications as to when it will come to Reddcoin. This means that even if it is mass adopted, who is going to want to hold more than a few dollars of it to tip their favorite YouTube celebrity or Cryptocurrency writer hint, hint!
With the right partnership — Facebook, YouTube, Spotify, etc. Think about the business model. As a successful internet personality, you decide to accept Reddcoin. Your legions of fans tip you in Reddcoin — brilliant! Now what? Do you sit on it for a rainy day? No, you sell it for a cryptocurrency with an exciting roadmap, a proven store of value, or even plain old dollars to buy your groceries with.
Although there might be some buying pressure to drive the price up, there will also be considerable selling pressure as people want to switch their Reddcoin for a currency with more functionality or chance of becoming more valuable. Of course, this is just my gut feeling about the project.
If you like the idea behind Reddcoin then go do some hard research about it — join the forums dedicated to it, the Slack channel, and the Telegram channel. Only after learning a lot about it should you look up where to buy Reddcoin. Above all, remember that cryptocurrency investments are always a high risk with a potentially high reward. Be as informed as you can before parting with any money and never invest more money in than you can afford to lose.
Best Bitcoin mining hardware: Your top choices for choosing the best Bitcoin mining hardware for building the ultimate Bitcoin mining machine. Wondering what is SegWit and how does it work? Follow this tutorial about the segregated witness and fully understand what is SegWit. Hopefully, you learned something about this cryptocurrency, as well as how to decide for yourself if a certain coin has a chance to make substantial gains.
Only then should you look up how to buy Reddcoin. Ultimately, the golden rule of cryptocurrency investment is to never invest more than you can afford to lose. If Reddcoin went to absolute zero overnight, you must be able to continue living the life you want to live. If you cannot, that is too much of an investment. Will you be investing in Reddcoin?
Do you have a Reddcoin price prediction of your own? Let me know in the comments! We do not publish biased feedback or spam. So if you want to share your experience, opinion or give advice - the scene is yours! Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. That said, many users believe that Coinbase is one of the simpler exchanges on the current market.
The exchange platform i. Binance acts as a middleman - it connects you your offer or request with that other person the seller or the buyer. When considering cryptocurrency exchange rankings, though, both of these types of businesses exchanges and brokerages are usually just thrown under the umbrella term - exchange.
This is done for the sake of simplicity. No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States i. Coinbase or Kraken , there are other very well-known industry leaders that are located all over the world. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.
By Laura M. All the content on BitDegree. The real context behind every covered topic must always be revealed to the reader. Feel free to contact us if you believe that content is outdated, incomplete, or questionable. Aaron S. A warning about price prediction websites. Some analysis of various shorter-term price predictions for Reddcoin. Some analysis of various longer-term price predictions for Reddcoin.
A warning about using technical analysis to make long-term price predictions. Some of my own thoughts about where the Reddcoin project is heading and whether it will be successful. Table of Contents 1. What is ReddCoin? Reddcoin Price Prediction ? A Wild Reddcoin Price Prediction 3. Finally, Some Fundamental Analysis! John McAfee and Reddcoin 4. Reddcoin Price Predictions and Beyond? Some More Fundamental Analysis to Finish? Is Reddcoin a Good Investment?
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With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet.
For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations. As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe.
There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic. You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop.
If you prefer, you can also use an online wallet to keep your holdings safe on the internet. There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department.
The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them. Yes, you are basically exchanging your Bitcoin with this. The fastest way is to use a credit card but you will then be charged higher fees. We recommend using hardware wallet, here are some recommendations:. Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence. It has a completely different network and structure than the regular Bitcoin. Reddcoin can be used to do P2P transaction in social media with large market as it is already integrated to various platform. PoSV algorithm makes it secure, fast and environmentally friendly. Users will have unique ID to be used as identification on the system which means you need to know how to buy Reddcoin yourself to be able to use it.
This social cryptocurrency aims to bridge content creator and social media users in easy and user-friendly transaction method. Table of Contents. Reddcoin can be integrate to various social media platform which means it has large market. Reddcoin is using PoSV algorithm that is more environmentally friendly to lessen the impact of mining.
Tipping Reddcoin has tipping system which can be used to send coin using blockchain technology. Users will have unique ID which will be associated with username as public keys used as identification on blockchain level. No hard cap. Click here to register opens in new tab You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform.
Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. Helping people to solve their technical issues and needs as student job. I do a bit of everything, but mostly I make sure our members enjoy their RddMC experience!
From programming to building construction I have elevated the Reddcoin MineCraft World to be fun and exciting. The ability to interact with other Reddheads in game play is going to be wonderful! Please Build, Explore and be Happy Reddheads. We are currently taking requests for Alpha testing. Reddcoin is a first generation cryptocurrency launched in A cryptocurrency is a digital peer-to-peer medium of exchange with no central authority or banks managing its transactions, unlike fiat money that derives its value from government regulation or law e.
The U. Dollar, Euro, etc. You do not need a bank or any third party to use cryptocurrency. Simply put, Reddcoin is digital money with real monetary value. Reddcoin is a decentralized, blockchain-based cryptocurrency used to tip or send payments for social content. This allows you as a user to send or receive payments without a middleman across your favorite social platforms for the content you create and enjoy.
Reddcoin will be dedicated to tipping on social networks as a way to bring cryptocurrency awareness to the general public. Social networks are now part of our everyday lives. They give every person on this planet a fair chance at showing the world how awesome they are.
Getting an upvote, like, or retweet for your well-received comment or picture is fun, but unfortunately, they have no real value. Fortunately, there is now something better than imaginary internet points — Reddcoins. Cryptocurrency is complicated. They would like to get involved, but usually have no idea where to start. Reddcoin will fill those voids by integrating a seamless cryptocurrency tipping system with all major social networks to make the process of exchanging coins simple, fun, and rewarding both for the giver and the receiver.
Larry Ren introduced Reddcoin on January 20, and officially launched February 2, The idea is to have a system which will make it easy for people and businesses to auto-tip people, re-posts, etc. Then people can use their Reddcoins on websites to purchase items or use them in games like Freemium games which have in-game credits that you purchase, but you can use Reddcoins instead.