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Dorjoy12

Different kind of crypto wallet

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What is crypto  wallets?? 

 

Crypto Wallet is a tool which you can use to interact with blockchain networks.. There has difference  crypto   wallets.. If you want to difference  crypto wallet then you need to divided 3 part  of crypto wallet.. Such as software  wallet, hardware  wallet and paper wallet.. 

Again those wallet has difference  according  to the working  system  and you can divided them into two part.. Such as  Hot wallet and cold wallet.. 

Almost  all crypto wallet provider based on software.. Because software  wallet is easy to use than hardware  wallet.. But hardware  wallet is most secure  than another  wallet.. And paper Wallet is a printed paper with your wallet information QR code, where your wallet address  and private  key get stored.. Paper wallet has much less user.. 

 

How crypto wallet works?? 

 

Mostly  member  believe  that crypto Wallet  don't  store any crypto currency.. Rather, it is a tool through which to interact with the blockchain... In another  way, you can say wallets generate information needed for cryptocurrency transactions through blockchain..  For this, wallets need a private  and public  address ... 

Usually  wallets made by two address ..from the two address, one is public  address  and another  is private  address .. From this you can share your public  address  to send and received  crypto  currency .. But privet key, you never should share with people .. Always  keep your privets  key in a secure  place .. 

Private  key is a address  by which  you can Control  your wallet.. If any one able to know your privet  key then they  can easily  access  your wallet.. For this reason, you must  need to be aware about  your privet  key.. 

 

Hot  wallet and cold wallet :

 

Usually  hot wallet connected  with internet .. Its mean anyhow this wallet is connected  with internet .. For example : if you open  a binance  account  and you want  to deposit some funds   in your Binance  account  from any site  then its mean you store your funds in hot wallet.. You can easily set up hot wallet and use it..but for safety, usually  member  keep small funds in Hot  wallet..

 

Opposite  site, cold wallet is a wallet which is not connected with internet.. And its privets  key always  remain  offline  because  for the safety from  hacker.. But for use this  wallet you need to face some problem.. The member usually  do big investment  and hold for long time use cold wallet.. 

 

Software  wallet : There has different  kind of software  wallet.. And mostly  wallet connected  with internet  Which  means  hot wallet..  Now we discussed  about those software  wallet that we usually  use.. Such as web wallet, desktop  wallet, mobile wallet..

 

Web wallet :  Web Wallets is a very simple and easy wallet that will allow you to easily connect to the blockchain through the browser interface, without having to download or install anything... Web wallets means some exchange  wallet  and some browser based   wallet.. To make web wallet , usually you need email and unique  password.. This wallet very beneficial  for Newbie ..  Normally  in web wallet, the privet  key dont give to user.. Its mean your wallet privets  key remain stored to  third party  provider..but some web wallet provider give  private  key to its user and again sometimes  wallet  control  share  with user by multi signature  method ... 

But a important  thing  is, whenever  you use  web wallet,  you must be careful  about  your  security .. 

 

Desktop  wallet : It's  the wallet that you can installed  in your privet  computer..Desktop  wallet  also has two part.. In one part of desktop  wallet where private  key dont given  to user.. And in another  part  of desktop  wallet, you can take the full control  of your wallet password... When a wallet is created by installing wallet software that gives the wallet user complete control of the wallet, a file called "wallet.dat" is created.  Which can be encrypted with a password..But when you encrypted  those  wallet  by password  then you must keep safe the password ...because whenever  you going to do any transaction  you must  need to give  the password  to complete  your transaction.. If you lose your password  then you can lose your funds.. 

.. 

Mobile wallets : Mobile wallet is same as desktops  wallet.. That made Only  for smartphone .. To received  and sent  crypto currency  mobile  wallet is best for every  one.. Because  by using  QR code you can easily transfer your funds... For this reason mobile  wallet  is favourite  for smartphone  user..Trust  wallet is the most favourite  smartphone  wallet provided  by Binance.. By this wallet you can store your crypto currency  while from there you can easily  trade  too.. But we all need to be careful for using  mobile  wallet because in phone  we usually  have different  apps.. Also you might have those  kind of app that is dangerous for phone.. For this, whenever  you use Mobile wallet  then you must encrypted  the wallet by password.. Again you must keep backup of your privet  key and seed phrase  so that in any bad situation  your wallet  can be safe.. 

 

Hardware  wallet : hardware  is a physical  electronic  device, that generates  random number to generates  privet key and public  key.. And the privet  key remained  stored in wallet that never  connected  with internet.. You can think  hard wallets  as one kind of cold wallet.. For this reason, hardware  wallet called  Most  secure  wallet.. You can take Hardware wallet safety from online hacker.. But it can have risk for its farmware mistake.. Its hard to use hardware  wallet..for this reason this wallet user is not Friendly .. 

 But if you want to do big invest  or  hold for long time then you can use hardware  wallet.. Becuase  its the most secure  wallet.. 

Mostly  hardware  wallet gives you the facilities  to keep your funds safe.. For this, when you first set hardware  wallet then they usually  give  you recovery  phrase..Because  if sometimes your account get damage  then you can easily recover  it by use recovery  phrase ..  Ledger Nano S/X is the best hardware  wallet.. 

 

Paper wallet :  Paper wallet is what is called a physical wallet in which your wallet information is printed on a paper in QR code form.  You can make cryptocurrency transactions by scanning that QR code..

Some paper  wallet  will give you the chance to download  their code and by Which  you can generate public  address  and private  key  though  you are in offline..for this reason this kind of wallet is safe from online  hacker.. You can take this wallet as a cold wallet.. 

This paper  wallet has a big problem that you cant do transaction  half of your Funds and for this reason  people  dont want to use it..

 

Good luck cryptotalk member ❤

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Edited by Dorjoy12
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I currently use TrustWallet, I like it because it has a wide variety of cryptocurrencies available to store, later as my capital increases if I plan to acquire a cold wallet to store my money since the security of your coins is always important.

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Mostly I have used cold wallet for my funds. The hot wallet which is exchange Wallets are my daily  usage where I have placed the low amount. For mobile wallet I used coinbase for better support, Atom, trust wallet and Tron wallet. Other wallets don't  look promising to me and can place funds in many wallets. 

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On 10/3/2020 at 10:06 AM, Dorjoy12 said:

Software  wallet : There has different  kind of software  wallet.. And mostly  wallet connected  with internet  Which  means  hot wallet..  Now we discussed  about those software  wallet that we usually  use.. Such as web wallet, desktop  wallet, mobile wallet..

Well explained @Dorjoy12 there are many types of wallets which we can use to store our coins, I use software wallets most. Maybe i will shift to hardware wallets after i reach a certain amount of capital because hardware wallets are the most recommended in storing large amounts.

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Time is the ultimate weapon!

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A cryptocurrency wallet is a piece of software that keeps track of the secret keys used to digitally sign cryptocurrency transactions for distributed ledgers. Because those keys are the only way to prove ownership of digital assets, and to execute transactions that transfer or modify them in some way, they are a fundamental piece of the cryptocurrency ecosystem.

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5 hours ago, Calvinpriva said:

Well explained @Dorjoy12 there are many types of wallets which we can use to store our coins, I use software wallets most. Maybe i will shift to hardware wallets after i reach a certain amount of capital because hardware wallets are the most recommended in storing large amounts.

@Calvinpriva   whenever talked about hardware wallet  then the cold wallet description comes to my head becuase its the only wallet which is most secure place to store big amount as you wanted to mean..  Yah software wallet is unsafe all the time but its not big problem for low capital crypto member like us 😂..  Choice the best hardware wallet            

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20 minutes ago, Dorjoy12 said:

Yah software wallet is unsafe all the time but its not big problem for low capital crypto member like us 😂..  Choice the best hardware wallet

@Dorjoy12 You know gate.io exchange? Is the leading exchange in security, you can use that exchange to store any large amount, i use it to store some amount as well, and it has quick transactions and low fees even than Yobit! You have to pass KYC first even to withdraw $1, after you pass KYC, also you must activate OTP and 2FA to withdraw your money! That means it doesn't matter if you have pass KYC but you must activate all those securities to withdraw your money. If you'll use their app, authenticator is a must. Search more about gate.io security on google and you'll be surprised... Just like cold wallets!

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25 minutes ago, Calvinpriva said:

Search more about gate.io security on google and you'll be surprised... Just like cold wallets!

@Calvinpriva  unfortunately i didnt have any idea about it before.. But from your information its prove that the exchange site is more secure than the yobit platform.. Definitely i will follow your suggestion and try to use the exchange site to check out whenever i will need it..  Though there has kyc verification system but its not a big problem in this way..               

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3 hours ago, Dorjoy12 said:

@Calvinpriva   whenever talked about hardware wallet  then the cold wallet description comes to my head becuase its the only wallet which is most secure place to store big amount as you wanted to mean..  Yah software wallet is unsafe all the time but its not big problem for low capital crypto member like us 😂..  Choice the best hardware wallet            

@Dorjoy12 first of all we don't have such amount so the current wallet are best because I know these are secure if we have much more then we will take help from senior members here like you are but I will remember that wallet you mentioned whenever I have more amount I will prefer that one..

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10 minutes ago, Mark wood said:

@Dorjoy12 first of all we don't have such amount so the current wallet are best because I know these are secure if we have much more then we will take help from senior members here like you are but I will remember that wallet you mentioned whenever I have more amount I will prefer that one..

@Mark wood as you wish friend.. If you want to use cold wallet now then no one prohibited you but usually crypto member use cold wallet who has planning to invest huge amounts crypto or want to hold any currency for long time.. Because its hard to use cold wallet than the normal mobile wallet we use in our daily life..                

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Just now, Dorjoy12 said:

@Mark wood as you wish friend.. If you want to use cold wallet now then no one prohibited you but usually crypto member use cold wallet who has planning to invest huge amounts crypto or want to hold any currency for long time.. Because its hard to use cold wallet than the normal mobile wallet we use in our daily life..                

@Dorjoy12 after seeing your post I search for cold wallet for the purpose knowing this wallet because I didn't use this wallet before so it is better to read this wallet features and overview what people say about that so it is good for me because entering anywhere first to know about that..

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1 minute ago, Mark wood said:

@Dorjoy12 after seeing your post I search for cold wallet for the purpose knowing this wallet because I didn't use this wallet before so it is better to read this wallet features and overview what people say about that so it is good for me because entering anywhere first to know about that..

@Mark wood you are totally right about it as if you dont about that thing which you want to use then you will easily face probelm.. You know that whenever a member withdrawal money from coinbase then he need to use privet key Which is boring for manu members.. So only big capital crypto member use cold wallet as they withdrawal money rare time..                   

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I use yobit wallet account... I think yobit wallet account is best and secure account..this account have many feature.. We know that  There are many mobile wallet account such as coinbase wallet account, Trust wallet account, cold wallet, blockchain account..all are account good...       

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19 minutes ago, Artugul78 said:

I use yobit wallet account... I think yobit wallet account is best and secure account..this account have many feature.. We know that  There are many mobile wallet account such as coinbase wallet account, Trust wallet account, cold wallet, blockchain account..all are account good...       

@Artugul78 of course yobit exchange secured so their offers wallet also secured, but after all its exchange wallet and do not trust any exchange wallet blindly,

Because in crypto world there so many exchages hacked and their investors loss their funds, so if we have good amount of crypto assets then use strong wallets, like you mention coinbase block chain because these wallets more secure then exchange wallets.

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This is a very good explanation of what crypto wallets are, there ate two main types which are cold and hot wallets, I prefer the cold because it is more difficult for hackers to hack unlike hot wallets. But there are many hot wallets with good reputation that can be used to save crypto. I use electrum do bitcoin, while coinbase for multicoin. 

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The best crypto wallets are the hardest wallets, the safest ones are cold wallets, online wallets like coinbase are also good but they can not be good like hardware wallets and also can not be safe like cold wallets. 

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On 10/31/2020 at 8:43 AM, Artugul78 said:

I use yobit wallet account... I think yobit wallet account is best and secure account..this account have many feature.. We know that  There are many mobile wallet account such as coinbase wallet account, Trust wallet account, cold wallet, blockchain account..all are account good...       

Yes also we can use Yobit wallet @Artugul78 and Coinbase, Binance, Blockchain......etc wallets. But only for small quantity if you plan to hold a high amount the best and more secure are hardware wallets. About the website exchange wallet is not at 100% safe, they are exposed to hackers at any time if they will be hacked you will loss all your coins. 

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Right @tienda i agree with you.. Yobit account is best account for small quantity... But i do not know which account is better for high amount...  I came to know about the large amount of account... So many many thanks @tienda for useful information...  

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It's a good post about all kind of Wallet, any one should know about all and use the best one for his crypto, personally I use the soft Wallet on desktop or mobile and also the website Wallet like blockchain or coinbase ,but never use the hard Wallet I really can't pay for a Wallet and I have something for free

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On 11/2/2020 at 1:33 PM, scorpiali said:

It's a good post about all kind of Wallet, any one should know about all and use the best one for his crypto, personally I use the soft Wallet on desktop or mobile and also the website Wallet like blockchain or coinbase ,but never use the hard Wallet I really can't pay for a Wallet and I have something for free

 Before try to use hardware wallet we all need to know that usually hardware wallet get used for safety... Hardware wallet get used by those member who planning to hold their thousands usd or invest them...   Its also hard to open hardware wallet every time and sent the crypto as you always need to use privet key... That is why hardware wallet use big investor who open wallet once in  a week..                

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44 minutes ago, Dorjoy12 said:

 Before try to use hardware wallet we all need to know that usually hardware wallet get used for safety... Hardware wallet get used by those member who planning to hold their thousands usd or invest them...   Its also hard to open hardware wallet every time and sent the crypto as you always need to use privet key... That is why hardware wallet use big investor who open wallet once in  a week..                

Exactly the Hard Wallet is specially for the investors who have a big amount of coins and don't move them all the time they stack them for a long,but for holders with low amount they really don't need to use the hard Wallet, maybe if they grow her amount they can buy one because it's the most secure Wallet in the moment 

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On 10/3/2020 at 9:06 AM, Dorjoy12 said:

What is crypto  wallets?? 

 

Crypto Wallet is a tool which you can use to interact with blockchain networks.. There has difference  crypto   wallets.. If you want to difference  crypto wallet then you need to divided 3 part  of crypto wallet.. Such as software  wallet, hardware  wallet and paper wallet.. 

Again those wallet has difference  according  to the working  system  and you can divided them into two part.. Such as  Hot wallet and cold wallet.. 

Almost  all crypto wallet provider based on software.. Because software  wallet is easy to use than hardware  wallet.. But hardware  wallet is most secure  than another  wallet.. And paper Wallet is a printed paper with your wallet information QR code, where your wallet address  and private  key get stored.. Paper wallet has much less user.. 

 

How crypto wallet works?? 

 

Mostly  member  believe  that crypto Wallet  don't  store any crypto currency.. Rather, it is a tool through which to interact with the blockchain... In another  way, you can say wallets generate information needed for cryptocurrency transactions through blockchain..  For this, wallets need a private  and public  address ... 

Usually  wallets made by two address ..from the two address, one is public  address  and another  is private  address .. From this you can share your public  address  to send and received  crypto  currency .. But privet key, you never should share with people .. Always  keep your privets  key in a secure  place .. 

Private  key is a address  by which  you can Control  your wallet.. If any one able to know your privet  key then they  can easily  access  your wallet.. For this reason, you must  need to be aware about  your privet  key.. 

 

Hot  wallet and cold wallet :

 

Usually  hot wallet connected  with internet .. Its mean anyhow this wallet is connected  with internet .. For example : if you open  a binance  account  and you want  to deposit some funds   in your Binance  account  from any site  then its mean you store your funds in hot wallet.. You can easily set up hot wallet and use it..but for safety, usually  member  keep small funds in Hot  wallet..

 

Opposite  site, cold wallet is a wallet which is not connected with internet.. And its privets  key always  remain  offline  because  for the safety from  hacker.. But for use this  wallet you need to face some problem.. The member usually  do big investment  and hold for long time use cold wallet.. 

 

Software  wallet : There has different  kind of software  wallet.. And mostly  wallet connected  with internet  Which  means  hot wallet..  Now we discussed  about those software  wallet that we usually  use.. Such as web wallet, desktop  wallet, mobile wallet..

 

Web wallet :  Web Wallets is a very simple and easy wallet that will allow you to easily connect to the blockchain through the browser interface, without having to download or install anything... Web wallets means some exchange  wallet  and some browser based   wallet.. To make web wallet , usually you need email and unique  password.. This wallet very beneficial  for Newbie ..  Normally  in web wallet, the privet  key dont give to user.. Its mean your wallet privets  key remain stored to  third party  provider..but some web wallet provider give  private  key to its user and again sometimes  wallet  control  share  with user by multi signature  method ... 

But a important  thing  is, whenever  you use  web wallet,  you must be careful  about  your  security .. 

 

Desktop  wallet : It's  the wallet that you can installed  in your privet  computer..Desktop  wallet  also has two part.. In one part of desktop  wallet where private  key dont given  to user.. And in another  part  of desktop  wallet, you can take the full control  of your wallet password... When a wallet is created by installing wallet software that gives the wallet user complete control of the wallet, a file called "wallet.dat" is created.  Which can be encrypted with a password..But when you encrypted  those  wallet  by password  then you must keep safe the password ...because whenever  you going to do any transaction  you must  need to give  the password  to complete  your transaction.. If you lose your password  then you can lose your funds.. 

.. 

Mobile wallets : Mobile wallet is same as desktops  wallet.. That made Only  for smartphone .. To received  and sent  crypto currency  mobile  wallet is best for every  one.. Because  by using  QR code you can easily transfer your funds... For this reason mobile  wallet  is favourite  for smartphone  user..Trust  wallet is the most favourite  smartphone  wallet provided  by Binance.. By this wallet you can store your crypto currency  while from there you can easily  trade  too.. But we all need to be careful for using  mobile  wallet because in phone  we usually  have different  apps.. Also you might have those  kind of app that is dangerous for phone.. For this, whenever  you use Mobile wallet  then you must encrypted  the wallet by password.. Again you must keep backup of your privet  key and seed phrase  so that in any bad situation  your wallet  can be safe.. 

 

Hardware  wallet : hardware  is a physical  electronic  device, that generates  random number to generates  privet key and public  key.. And the privet  key remained  stored in wallet that never  connected  with internet.. You can think  hard wallets  as one kind of cold wallet.. For this reason, hardware  wallet called  Most  secure  wallet.. You can take Hardware wallet safety from online hacker.. But it can have risk for its farmware mistake.. Its hard to use hardware  wallet..for this reason this wallet user is not Friendly .. 

 But if you want to do big invest  or  hold for long time then you can use hardware  wallet.. Becuase  its the most secure  wallet.. 

Mostly  hardware  wallet gives you the facilities  to keep your funds safe.. For this, when you first set hardware  wallet then they usually  give  you recovery  phrase..Because  if sometimes your account get damage  then you can easily recover  it by use recovery  phrase ..  Ledger Nano S/X is the best hardware  wallet.. 

 

Paper wallet :  Paper wallet is what is called a physical wallet in which your wallet information is printed on a paper in QR code form.  You can make cryptocurrency transactions by scanning that QR code..

Some paper  wallet  will give you the chance to download  their code and by Which  you can generate public  address  and private  key  though  you are in offline..for this reason this kind of wallet is safe from online  hacker.. You can take this wallet as a cold wallet.. 

This paper  wallet has a big problem that you cant do transaction  half of your Funds and for this reason  people  dont want to use it..

 

Good luck cryptotalk member ❤

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Very good explanation, dear colleague of this great insurance forum, it will come in handy for many users, especially beginners, of what wallets consist of, where I would recommend Hardware wallet and Paper wallet wallets since they are the safest
Good luck and big winnings for the whole community
A big greeting

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6 minutes ago, scorpiali said:

but for holders with low amount they really don't need to use the hard Wallet, maybe if they grow her amount they can buy one because it's the most secure Wallet in the moment 

 Without any doubt you are right.. Because having 1k usd in a mobile wallet  is not a big matter.. And usually low amount holder has not more than 1k usd in their wallet and for this amount if any member want to use hardware wallet then its look funny lil bit... So we need to use always suitable thing  that is Perfect for us.. But we cant prohibited someone to dont use hardware wallet or cold wallet.. They can use it for gather experience too..              

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Good informative topic. Novice members should know about the types of wallets. I like cold storage hardware wallets like Ledger Nano. Software wallets are also good to load some coins into them.
 

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Yes, there are a lot of cyrptocurrency wallet out there because it serves the needs of the customers. Also yes again, you cannot have all of their needs in one, that is why there are a lot of cryptocurrency wallet. So know your priority first before choosing one.

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    • Добавлена система реферальных вознаграждений. Получайте бонусы за своих друзей! Делитесь своей реферальной ссылкой с другом, и получай 4% с его покупок себе на баланс магазина! С любовью, @ProxyUniverseBot
    • Видимо проблемы есть в этом направлении и проект ещё может быть сырым в том числе в плане счётчика рефералов. Хотя когда есть ссылка для рефералов, то система должна работать, но может дело в другом, и будет удивительно, если считают рефов у которых тоже должны быть рефы 😅
    • Снифтра у меня пока, что 0.1 штк м вряд ли в следующий раз повезёт что-то заполучить из-за огромного количества рафли игроков. А NFT их тоже заминтил, можно это что-то даст, а вот с кристаллами их и вправду прибавилось, хотя у меня почему-то идут постоянные сбои с начислением 2-х 💎 за лайки, которые можно минтить через сутки.
    • Добрый день, дорогие форумчане! В воскресенье, 26 мая, биткоин (BTC) торгуется около отметки $69 тыс., его цена за прошедшую неделю выросла примерно на 2,5%. Вы можете зафиксировать свои средства с помощью нашего сервиса Cryptonet.pro !
    • Forex and Cryptocurrency Forecast for 27 – 31 May 2024 EUR/USD: The Battle of Europe and US PMIs   Overall, the past week favoured the dollar, but the advantage over the European currency was minimal. If you look at where the EUR/USD pair was on 15 May, it returned to this zone on 24 May, regaining the losses of recent days. Recall that the report from the US Bureau of Labor Statistics (BLS) released on 15 May showed that the Consumer Price Index (CPI) decreased from 0.4% to 0.3% month-on-month (m/m), against a forecast of 0.4%. On an annual basis, inflation also fell from 3.5% to 3.4%. Retail sales volume demonstrated an even more significant decline, from 0.6% to 0.0% month-on-month (forecast 0.4%). These data indicated that inflation in the country, though resistant in certain areas, is still on the decline. At that moment, there were renewed discussions in the market about a possible rate cut by the Fed as early as this autumn. As a result, the Dollar Index (DXY) went down, and EUR/USD went up. Stock indices S&P 500 and Nasdaq reached record highs.   The most volatile day of the past week was Thursday, 23 May. Preliminary business activity data in the Eurozone exceeded expectations, strengthening the euro and lifting the pair to 1.0860. In Germany, the main locomotive of the European economy, the Manufacturing PMI rose from 42.5 to 45.4 points (forecast 43.2). This is still below the 50.0-point threshold separating decline from growth, but the trend is clearly positive. The Services PMI reached its highest level since June last year, hitting 53.9 against a forecast of 53.5 and a previous value of 53.2.   Germany's Composite PMI increased from 50.6 to 52.2 (market expectations were 51.0). Overall, business activity statistics in the Eurozone were also positive. The Composite PMI updated multi-month highs and, with a forecast of 52.0, actually reached 52.3 points (previous value 51.7).   However, the euro bulls' joy was short-lived. Later on Thursday, similar preliminary data on the US economy were released. They showed that business activity in the country's private sector grew at the highest rate in the past two years. The Manufacturing PMI rose from 50.0 to 50.9 points, and the Composite PMI jumped from 51.3 to 54.8 in a month. Market expectations were much lower, at the previous level of 51.3, so such a sharp rise signalled a surge in the DXY to 105.05 and a fall in the EUR/USD pair to 1.0804, as the likelihood of a rate cut in September decreased.   But the bears' joy was also short-lived. The GDP data released on Friday, 24 May, for Q1 2024 in Germany showed that the country's economy is saying goodbye to recession and moving into the growth zone. After a decline of -0.3%, GDP increased by 0.5%, resulting in a net growth of +0.2%.   In the end, after all these fluctuations, EUR/USD returned to the Pivot Point of the past one and a half weeks, closing at 1.0845. As for analysts' forecasts for the near future, as of the evening of 24 May, most (65%) expect the dollar to strengthen, 20% expect it to weaken, and the remaining 15% are neutral. All trend indicators on D1 are green, while 60% of oscillators are also green. Another 15% are red, and 25% are neutral grey. The nearest support for the pair is in the zones of 1.0830-1.0840, 1.0800-1.0810, then 1.0765, 1.0710-1.0725, 1.0665-1.0680, and 1.0600-1.0620. Resistance zones are located at 1.0880-1.0895, 1.0925-1.0940, 1.0980-1.1010, 1.1050, and 1.1100-1.1140.   The following week's calendar highlights Tuesday, 28 May, when the US Consumer Confidence Index will be announced. On the next day, 29 May, data on consumer inflation (CPI) in Germany will be released. On Thursday, 30 May, preliminary US GDP data for Q1 2024 will be published. The last working day of the week and the month might be quite eventful. On Friday, 31 May, Germany's retail sales volumes, preliminary inflation indicators (CPI) in the Eurozone, and the US Core Personal Consumption Expenditure Price Index will be announced. Traders should also note that Monday, 27 May, is a public holiday in the US, as the country observes Memorial Day.   GBP/USD: Uncertain Times for the Pound   The prospects for the British currency, as well as the national economy as a whole, are ambiguous. Additional uncertainty is brought by the fact that early parliamentary elections are scheduled for 4 July. As Prime Minister Rishi Sunak stated, "economic instability is just the beginning. [...] The time has come for Britain to make a choice. [...] Uncertain times require a clear plan and bold actions." However, what these "bold actions" will be remains unknown.    The macro statistics released last week did not add clarity. The preliminary Services PMI in the UK decreased from 55.0 to 52.9 points in May, against expectations of 54.7. And although in the manufacturing sector, this figure increased from 49.1 to 51.3, the Composite PMI stood at 52.8, below both the previous value of 54.1 and market expectations of 54.0.   As the latest data from the Office for National Statistics (ONS) showed, published on Friday, 24 May, retail sales in the country fell by -2.3% (m/m) in April, against a forecast of -0.4% and a result of -0.2% in March. The annual retail sales volume decreased by -2.7% compared to the previous result of -0.4%, and core retail sales fell by -3.0% (y/y) against 0% a month earlier, with all figures significantly below forecasts.   In such a situation, experts' opinions regarding the timing of the Bank of England's (BoE) rate cut also do not provide clear guidance. Analysts at JP Morgan (JPM) stick to their previous forecast of a rate cut in August but are cautious, citing still high consumer price inflation (CPI). "We adhere to our forecast [...] but believe that the risks have clearly shifted towards a later cut. Now it is a question of whether the Bank of England will be able to ease its policy at all this year." Strategists at Goldman Sachs, Deutsche Bank, and HSBC have also shifted their rate cut forecasts, moving the date from June to August for now. But this is only "for now"...   The maximum of the past week for GBP/USD was recorded at 1.2760. According to economists from Singapore's United Overseas Bank (UOB), the pair's upward momentum has slowed, and the likelihood of the pound rising to 1.2800 is decreasing. UOB believes that in the next 1-3 weeks, the British currency will trade in the range of 1.2685 to 1.2755.   The week ended at 1.2737. The median forecast of analysts for the near future is as follows: 60% voted for the pair's movement to the south, 20% for the northern direction, and 20% preferred neutrality. As for technical analysis, all trend indicators and oscillators on D1 point north, but a third of the latter signal overbought conditions. In case of further decline, the pair will encounter support levels and zones at 1.2695, 1.2635, 1.2575-1.2600, 1.2540, 1.2445-1.2465, 1.2405, 1.2300-1.2330. In case of growth, the pair will meet resistance at levels 1.2760, 1.2800-1.2820, 1.2885-1.2900.   No significant economic data releases for the United Kingdom are scheduled for the coming week. However, it should be noted that Monday, 27 May, is a bank holiday in the UK.   USD/JPY: Calmness, Ladies and Gentlemen, Just Calmness!   For such a super-volatile pair as USD/JPY, the past week was surprisingly calm. There were no currency interventions, and verbal interventions were as usual – lots of words, little action. Thus, Japan's Finance Minister Shunichi Suzuki once again expressed concern about rising prices caused by the weak national currency.   According to Suzuki, one of the main goals of monetary authorities is to achieve wage growth exceeding inflation. "On the other hand," the minister added, "if prices remain high, achieving this goal will be difficult." In general, as usual, the government is closely monitoring the situation, understanding that everything is complicated, and therefore ... will continue to monitor.   Based on this contemplative policy, despite the GDP decline in Q1, on Thursday, 23 May, the Bank of Japan (BoJ) announced that it left the issuance volumes of Japanese government bonds (JGB) at the previous level. According to BoJ Governor Kazuo Ueda, "the economic outlook has not changed." The BoJ's view of the global economy has also not changed significantly. In general, calmness, ladies and gentlemen, just calmness!   Against this positive background, USD/JPY pair reacted only to the yield of US Treasury bonds and the dynamics of the Dollar Index (DXY). As a result, starting the five-day period around 155.70, it gradually moved up and ended it at 156.96. Analysts at United Overseas Bank (UOB) believe that given the weak upward pressure, the pair's growth in the next 1-3 weeks will be slow, and the barrier at 157.50 may prove to be a tough nut to crack. In their opinion, a price breakthrough above 157.00 is possible, but the pair is unlikely to consolidate above this level. The next resistance at 157.50 is unlikely to be threatened. UOB estimates that support is at 156.40, followed by 156.10. If USD/JPY falls below 155.60, it will indicate that the slight upward pressure has weakened, write the bank's economists.     Speaking of the average forecast, only 20% of analysts point south, 40% north, and another 40% east. Technical analysis tools are clearly devoid of such disagreements. Therefore, all 100% of trend indicators and oscillators on D1 point north, with 20% of the latter already in the overbought zone. It should be noted that while the green/north color of indicators regarding the British pound indicates its strengthening, in relation to the yen, it signals its weakening. Therefore, we advise paying attention to the GBP/JPY pair, whose dynamics have been very impressive lately.   The nearest support level is around 156.25, followed by zones and levels of 155.25-155.45, 154.60, 153.60-153.90, 153.00-153.15, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, and 146.50. The nearest resistance is in the zone of 157.20, followed by 157.80-158.00, 158.45, 159.40, and 160.20-160.30.   From the events of the upcoming week, we recommend noting the speech of the Bank of Japan Governor Kazuo Ueda on Monday, 27 May, as well as the publication of consumer inflation (CPI) data in the Tokyo region on Friday, 31 May.   CRYPTOCURRENCIES: A Week Under the Ethereum Flag     In 2024, the crypto community began gradually forgetting the term "crypto winter." However, there was no talk of a "crypto spring" either. After the halving on 12 April, in the absence of a bull rally, small traders and speculators began selling off their coin reserves. According to The Block Research, the rate of opening new BTC wallets fell to a six-year low. However, the whales buying digital gold for the future prevented a complete collapse in prices. And finally, at the end of the calendar spring, it seems spring has come to the crypto market. And it was awakened by the Federal Reserve System (Fed) of the USA with its monetary policy. According to analysts, the surge in investments in digital assets was a response to the May consumer inflation (CPI) report in the US, which positively impacted the risk appetites of institutional investors.   According to CoinShares, investments in crypto funds increased by $932 million from 13 to 17 May, after an inflow of $130 million the previous week. For the first time, there was an inflow of $18 million into Grayscale's ETF. This sharp increase in BTC-ETF investments, the highest in the last nine weeks, triggered a sharp rise in bitcoin on 20-21 May, approaching $72,000 for the first time since 09 April.   After bitcoin rose above $71,000, its price updated historical highs in the local currencies of several Asian and South American countries. According to CoinMarketCap, in Japan, BTC reached a record level of 11.2 million yen at the start of trading on 21 May. This is the first case where the flagship asset's price exceeded 11 million yen. Digital gold prices also peaked in Argentina, where the leading cryptocurrency reached 63.8 million Argentine pesos, slightly above the maximum on 14 March.   In the Philippines, one bitcoin briefly rose to 4.18 million pesos, the highest since mid-March 2024. In several other countries, BTC prices also equalled or were very close to mid-March's maximum prices: in the UK, Australia, Canada, Chile, Colombia, Egypt, Israel, Norway, India, South Korea, Taiwan, and Turkey.   However, the Fed and American macro statistics, having awakened the markets, also calmed them. After strong business activity data in the US, BTC/USD returned to the support zone of $67,000. Another (and probably the main) reason why bitcoin could not update its historical high was its main competitor, ethereum, which drew investors' attention. (More on this below).   QCP Capital expects bitcoin to reach $74,000 and update its ATH (All-Time High) in the coming months. According to the company's economists, institutional acceptance of cryptocurrency is accelerating, and improving conditions in the global economy create conditions for capital inflows into risky assets. The US presidential election, scheduled for 5 November 2024, is also starting to have a strong positive impact on the cryptocurrency market.   Cryptocurrency themes continue to strengthen in the pre-election rhetoric of candidates seeking to gain the votes of the crypto community, which, according to NYDIG, numbers more than 46 million citizens in the US, or 22% of the adult population. Haseeb Qureshi, Managing Partner of Dragonfly Capital, believes that in such a situation, the administration of President Joseph Biden will soon be forced to ease its policy regarding the digital asset industry. A complete turnaround is not to be expected, but a softening of the position will still occur, Qureshi said.   CNN has recently reported on upcoming debates between Biden and his competitor, Donald Trump. The incumbent president will have to answer a number of uncomfortable questions about the harsh policy towards the crypto industry, which led to the outflow of cryptocurrency capital, the closure of large companies, and high-profile lawsuits. From Donald Trump, who turned the topic of cryptocurrency into a weapon against his opponent, in addition to attacks for the current state of affairs, loud pre-election promises can be expected, which could lead to significant volatility in the crypto market. Possible participation of Elon Musk, who expressed willingness to become a moderator, and independent candidate Robert Kennedy Jr., should enliven the debates, the first round of which is scheduled for 27 June, and the second for 10 September.   The main beneficiary of the past week was not bitcoin but ethereum. On Monday, 20 May, news reached the media that the US Securities and Exchange Commission (SEC) asked companies to update Form 19b-4 in applications for launching spot Ethereum ETFs in an accelerated manner. After these news, the financial agency Bloomberg immediately raised the chances of such funds being approved from 25% to 75%. Against this background, the leading altcoin quickly outpaced the flagship cryptocurrency in terms of growth rates.   The deadline for the first two applications from VanEck and Grayscale was Thursday, 23 May. Shortly before the X hour, ETH/USD reached $3,947, showing a growth of almost 30% in three days. According to Coinglass, the amount of liquidations and forced closures of short positions on crypto exchanges amounted to $340 million. A total of 78.8 thousand positions were liquidated, and the largest individual liquidation occurred on the HTX exchange for the ETH/USDT pair for $3.1 million.   The SEC did not disappoint expectations and on 23 May approved not two but a total of eight applications for the issuance of spot ETFs based on Ethereum and gave the go-ahead for trading and listing these funds on exchanges. According to Variant Investments Chief Legal Officer Jake Chervinsky, this step signals a "significant shift in US crypto policy, possibly more important than the ETFs themselves." This may also mean that recognizing ethereum as a commodity, the regulator will not categorize many other altcoins as securities. According to Rekt Capital, the market is already on the verge of an altcoin rally, the peak of which is expected in July.   Experts expect significant capital inflows after the listing of ETH-ETFs and believe that billions of dollars will be invested in derivatives in the first week after trading starts. Analysts from QCP Capital believe that the altcoin rate in the short term can rise to $4,000 and exceed $5,000 by the end of the year.   An even bolder forecast is given by Standard Chartered Bank economists. They expect capital inflows into such funds in the first year to range from $15 to $45 billion (2-9 million ETH). In this case, the fund's demand will lead to the asset's rate rising to $8,000 at a bitcoin rate of $150,000. Moreover, if market dynamics are positive, by 2025, the price of Ethereum will reach $14,000, and bitcoin's rate will increase to $200,000.   As of the evening of Friday, 24 May, BTC/USD is trading at $69,900, and ETH/USD at $3,735. The absence of an immediate pump and some drawdown of this pair on 23-24 May can be explained by the fact that everyone who wanted to has already managed to buy ethereums ahead of the SEC's historic decision. The total cryptocurrency market capitalization is $2.55 trillion ($2.42 trillion a week ago). The Bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has not changed and remains in the Greed zone at 74 points.   And in conclusion of the review, forecasts from Artificial Intelligence. The latest version of GPT-4o from OpenAI believes that the price of bitcoin on 1 August 2024 will be in the range of $76,348 to $89,108 "considering current market factors and historical trends." GPT-4o's competitor, the anthropic AI model Claude 3 Opus, has formed an even more optimistic vision, designating the range between $105,072 and $167,808 by the indicated date. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Там то и тыкать не особо нужно, включил и пускай фармит. Это в других тапалках (и то не во всех) нужно каждый раз тыкать, тут почти пассив 😉
    • Полиция Южной Кореи раскрыла крупную группу криптомошенников   Южнокорейские полицейские арестовали 19 человек, которые выступали участниками мошеннической группы, действующей в социальных сетях. По данным властей, задержанные управляли открытым чатом, через который обманули сотни криптовалютных инвесторов.   Изначально мошенники предлагали пользователям чата законные способы вложений в цифровые активы, используя их некоторые инвесторы даже смогли получить прибыль. Такие действия преступников должны были усыпить бдительность, чтобы в дальнейшем люди без раздумий инвестировали в незарегистрированные криптовалюты. Когда инвесторы поняли, что их обманули, они потребовали вернуть деньги, но мошенники к тому времени уже заблокировали доступ к чату.   В результате расследования правоохранители выяснили, что в сети мошенников попали 308 человек, которые в общей сложности лишились примерно $19 млн.   По данным полицейского управления Южной Кореи, ещё как минимум шесть преступников находятся на свободе, скрываясь в других странах. Интерпол уже получил «красные уведомления», предписывающие арестовать их. Все участники мошеннического чата были завербованы главарём, чьё имя пока не раскрывается. Он помогал им незаконно въезжать в страну, а затем забирал у этих людей паспорта и мобильные телефоны, чтобы принудить к сотрудничеству. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2425428
    • Даа, лучше поздно, чем никогда. Все таки будем вернуть свои ошибки, когда альты тоже будут расти. Но биткоин пока уверенно себя ведёт, я уверен что до конца года дойдет хотя бы до 90к. Эти альты меня так пугали, что с очень осторожностью покупаю их. 
    • Добрый вечер, уважаемые пользователи! Мы работаем ежедневно с 10:00 до 22:00 (МСК)  - Дорогие друзья, напоминаем Вам про #Акцию, дарим бесплатные AML проверки, для этого нужно обратиться в Telegram с сообщением "бесплатная AML проверка". Желаем Всем тем, кто работает - прибыльного и продуктивного дня. А тем, кто не работает - хороших выходных.
    • Залетаем в топовый кликер — Hamster Kombat          Hamster Kombat — игра-кликер, крайне похожая на Notcoin, однако имеющая одно важно отличие: возможность пассивного майнинга!Суть игры в том, что мы становимся CEO криптобиржи, задачей которого является её улучшение и продвижения, благодаря покупке и апдейтам карточек.Проект заключил партнерские отношения с KicksPad, а BingX подтвердила листинг токена игры на бирже.Что делаем?   Заходим в игру по ссылке;   Прокачиваем свой пассивный доход, собираем ежедневки;   Ждём листинг.   Все очень просто, как это и устроено в кликерах. Кто еще не участвует, это ваш шанс получить свою частичку аирдропа.
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