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Tag: altseason

  • Canada To Ban Leveraged Crypto Trading

    Canada To Ban Leveraged Crypto Trading

    Here’s a solution for Canadian Crypto enthusiasts who may suffer from the Canadian Ban on Leveraged Crypto Trading

    Following recent massive frauds and business failures in the crypto industry, regulators around the world have been blatantly caught with their pants down. Indecision and political foot-dragging left customers unprotected. Billions in customer funds have been lost and regulative bodies are ’embarrassed’.

    Now the Canadian Securities Administrators (CSA) is finally taking crypto seriously by expanding existing requirements for crypto exchanges operating in Canada (listed below).

    This is a very good development for the crypto industry and the benefits will become clear in the next few years.

    Regulation will bring the biggest boom in crypto history and yet another chance for a new generation of Crypto Millionaires in 2023!

    We can see it coming and we are preparing like a Canadian Grizzly Bear.

    Grizzly Bear Traders know when it is Altcoin Season
    Take bite out of the next altcoin season in 2023

    What is Grizzly Bear Crypto Trading?

    Let me explain why we call this grizzly bear trading.

    The grizzly bear knows about salmon run and they know what season to expect it. They position them selves where they know salmon are going to be jumping.

    Grizzly bear trading is a similar philosophy that selects the right time to find the lowest risk way to speculate on the ebb and flow of Altcoin Seasons in the Cryptocurrency financial sector without using leveraged crypto trading.

    Altcoins Trend Together

    We know from past experience that the altcoin price patterns come and go in waves over and over again – know as Altcoin Season. We also know that the entire sector moves together as prices top out after a bull run and as prices make bottom formations after a bear run.

    Price levels MUST pass a specific place in ‘the stream’… that is, price levels must make specific technical price patterns as the trend changes direction. 

    We can identify the best opportunity seasons where a crypto trader in Canada can position for the explosive potential moves in crypto, while enjoying the lowest risk.

    This diversified trend following approach will take fewer trades per year in any crypto market – keeping the tax and trading fee exposures lower.

    Yes. We can take advantage of the opportunities in crypto, without struggling against the reasons why leveraged crypto trading is banned in Canada.

    Make Your Money Do The Work

    Just like the Canadian Grizzly Bear, we can identify the correct season to sit in waiting for the next altcoin boom and bust wave.

    More importantly, with our strategy we can task our money with the job to sit in the waiting, while we do other things!

    All we need is this objective and diversified trend following approach that I like to call ‘grizzly bear trading’.

    Our proprietary Crypto SmartWatch model portfolio provides us with a clear visual of when the next Altcoin Season is approaching and when it is finishing.

    Our trading plan identifies the specific zone of the trend change, and we manually scan all the crypto markets to identify the charts passing that specific zone! Then we can be like the grizzly bear, and take a bite of all of those that are passing our trading signal, or ‘that spot in the river’.

    The grizzly trading strategy isn’t simply about the knowledge, it’s about the consistent daily process of taking action on it.

    The Trading Plan is totally transparent. We’ve been using it successfully and taught it to thousands of people since 2015… and now we are automating the entire portfolio through 3commas so that you can simply allocate funds from within your exchange account, and copytrade!

    It works like a flow chart so you can see and understand how we manage risk and how we capture profits when the season is right.

    The Grizzly Bear Crypto Trading Bot.

    The Grizzly Trading puts together the knowledge and the perspective on the seasonality of crypto prices and exactly where a grizzly bear should stand to get the best meal every time this season passes.

    More about Why Regulations Will Bring A New Boom To Crypto

    Crypto Exchanges in Canada

    Recent regulations help assure the safety of investor funds – crypto exchanges in Canada must hold Canadian clients’ assets with a custodian and segregate customer assets and exchanges may NOT provide margin or leverage for any Canadian client. A grey area is that exchanges are prohibited from permitting Canadian clients to trade, or obtain exposure to, any crypto asset that is itself a security and/or a derivative (while the CSA still refusing to define exactly what that is).

    Crypto Trading Platforms Authorized to Do Business with Canadians

    Perhaps in the years to come we will enjoy more advanced and trusted financial products for leveraged trading in crypto – yet the opportunity setting up is going to dwarf any crypto season in the past.

    • Bitbuy Technologies Inc.
    • Bitvo Inc.
    • Coinberry Limited
    • Coinsquare
    • Capital Markets Limited
    • Fidelity Clearing Canada
    • ULC Netcoins Inc.
    • Newton Crypto Ltd.
    • CoinSmart (Simply Digital Technologies Inc. )
    • VirgoCX
    • Wealthsimple Digital Assets Inc.

    Here is the official list of Crypto Exchanges Authorized in Canada:

    The Crypto SmartWatch is an solution for Canadian Crypto enthusiasts who may be worried about the Canadian Ban on Leveraged Crypto Trading. Crypto trading is still legal in Canada and opportunities in altcoins will certainly abound in 2023.

  • Cryptocurrencies That Could Triple Your Money in 2023

    Cryptocurrencies That Could Triple Your Money in 2023

    The next big cryptocurrency that could triple your money in 2023 is not the exotic shitcoin – but the big, stable, proven cryptos that have business use already.

    Even as bearish momentum from 2022 haunts the markets in early 2023, investors are constantly on the lookout for timing the next surge in crypto markets. While no one can predict with certainty which individual coins will perform the very best, a diversified crypto portfolio strategy will like include the following projects that have the potential to deliver significant returns in 2023 and even more in the coming years.

    As we consider which crypto might give the best returns,
    we must consider when to buy them.

    Watching the US Dollar Index and understanding the changes in global money supply can help us prepare for the effects of inflation and rising interest rates and better time when coins might moon as we plan and anticipate when the next altcoin season will begin in 2023.

    How Does The US Dollar Index Affect Crypto Prices?

    The US dollar index (USDX) is a measure of the value of the US dollar relative to a basket of foreign currencies. When the USDX strengthens, it means that the US dollar is worth more compared to other currencies, and when it weakens, it means that the US dollar is worth less. This can affect the price of bitcoin and other cryptocurrencies because bitcoin is often considered as a hedge against fiat currencies like the US dollar.

    When the USDX strengthens, it adds bearish pressure the price of bitcoin. On the other hand, when the USDX weakens, it may add pressure for the price of bitcoin to rise.

    How Does Global Money Supply Affect Crypto Prices?

    Global money supply refers to the total amount of money in circulation in the global economy.

    When the global money supply increased after COVID it has lead to inflation, which can erode the purchasing power of money. This resulted in bitcoin and crypto currencies moving in a huge bull run as they were more attractive as a store of value. When more people start buying bitcoin with the low-cost liquid money supply, the demand for bitcoin increased, causing its price to rise.

    On the other hand, as we are heading into 2023 the global money supply is tightening with the intention to slow inflation – but may even lead to deflation, which can increase the purchasing power of the US Dollar.

    This can make bitcoin, precious metals and real estate prices fall more in 2023.

    It’s important to note that the US Dollar Index and World Money Supply are just some of the factors, along with Bitcoin Dominance and Stable Coin Dominance that can affect the price of cryptocurrencies in 2023.

    The Best Overview of Crypto Trends

    In order to get the best overview of altcoin season start and end, keep in mind that price trends move together for all of the cryptos. We keep an eye on the industry as an average with a tool that manually rates and monitors hundreds of cryptocurrencies each day – we call it the Crypto SmartWatch.

    Here are four cryptocurrencies from the overall list of 300+ coins that we are actively monitoring for bottom formations to confirm in the early part of 2023 – because we believe these coins could potentially triple your money or more!

    Tracking the best Cryptocurrencies of 2023
    Crypto SmartWatch Action Panel for January 6 2023

    Where To Buy Crypto Easy

    1. Bitcoin (BTC)

    It’s difficult to discuss cryptocurrencies without mentioning the granddaddy of them all: Bitcoin. The world’s first and most well-known cryptocurrency. It has a strong track record of functional stability and has been one of the top performing assets in the world, until 2022 that is…

    One of the key factors that makes Bitcoin so appealing is its decentralized nature. It is not controlled by any government or financial institution, which gives it a level of independence and freedom not found in traditional currencies. Its decentralized nature also makes it resistant to censorship and fraud, which has helped to increase its popularity and adoption.

    In recent years, Bitcoin has gained significant mainstream attention and adoption. Major companies and even countries have all made significant investments in bitcoin, and more and more merchants are beginning to accept it as a form of payment.

    1. Ethereum (ETH)

    Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, fraud, or third-party interference… although censorship on the Ethereum network transactions now exists. These smart contracts are powered by the Ethereum network, which is fueled by its native cryptocurrency, Ether (ETH).

    Ethereum is unique in that it was the first platform to allow developers to build and deploy decentralized applications (DApps). This has led to the creation of a vast ecosystem of DApps and has helped to establish Ethereum as a leader in the crypto space.

    In addition to its role as a platform for DApps, Ethereum is also a popular choice for initial coin offerings (ICOs) and has played a key role in the development of decentralized finance (DeFi). As the DeFi market continues to grow and gain mainstream attention, Ethereum is likely to benefit from increased adoption and usage.

    1. Cardano (ADA)

    Cardano is a decentralized, open-source blockchain platform that is built on a proof-of-stake (PoS) consensus algorithm. It was created by Charles Hoskinson, co-founder of Ethereum, and is designed to be a more secure and scalable alternative to other blockchain platforms.

    One of the key features of Cardano is its focus on sustainability and scalability. It uses a unique PoS algorithm called Ouroboros that is more energy-efficient than proof-of-work (PoW) algorithms used by other cryptocurrencies. This makes it a more environmentally friendly option, which is becoming increasingly important as the crypto industry grows.

    Cardano is also designed to be highly scalable, with the ability to handle high transaction volumes without sacrificing security or decentralization. This makes it well-suited for use in large-scale applications and could make it an attractive option for businesses looking to integrate blockchain technology into their operations.

    1. Chainlink: A Cryptocurrency Project with Longevity

    Chainlink is a decentralized oracle network that provides secure and reliable data to smart contracts on the blockchain. It has been active in the cryptocurrency space since 2014 and has consistently ranked as one of the top performing assets in the market.

    One of the key factors that has contributed to Chainlink’s longevity is its strong focus on security and reliability. The oracle network uses a decentralized network of nodes to provide data to smart contracts, ensuring that the information being used is accurate and tamper-proof.

    In addition to its strong track record of stability, Chainlink also offers a unique business solution that sets it apart from other projects in the space. By providing secure and reliable data to smart contracts, Chainlink enables businesses to automate and streamline various processes, such as supply chain management, insurance, and financial transactions. This makes it an attractive option for companies looking to integrate blockchain technology into their operations.

    Wait For Altcoin Season To Begin

    Even the best crypto projects have a good time to hold and a good time to stand aside. It is a mistake to dollar cost average without regard to the overall trends of the markets and this is especially try in crypto currency trading.

    Get ready for this signal that altcoin season has started for 2023
    What to look for in Altcoin Season 2023

  • Why Regulations Will Bring A New Boom To Crypto

    Why Regulations Will Bring A New Boom To Crypto

    Exactly because of the difficulties in the crypto financial sector, we believe regulations will bring a new boom to crypto.

    We’ll explain why, and reveal cryptocurrency projects to watch in 2023 as key business sectors will be disrupted by the power of smart contract technology.

    How Regulations Will Affect Crypto in 2023

    In the past year, the cryptocurrency financial sector has seen a series of catastrophic failures. As a result, the sector watchdogs have faced a fair share of criticism at their foot-dragging and lack of regulatory clarity and oversight. However, the implementation of regulations in the cryptocurrency financial sector is not a hindrance, but rather an opportunity for transparency that will permit healthy growth and trusted mainstream adoption.

    It is important to maintain a positive outlook, but this should be coupled with a clear crypto trading plan to manage risks and achieve success.

    Crypto Goes Transparent

    One of the main criticisms of the cryptocurrency financial sector is its lack of transparency and accountability. Without proper regulations, it can be difficult for investors to trust the integrity of cryptocurrency transactions and exchanges. This lack of trust has deterred many potential investors from entering the market.

    On the other hand, the implementation of regulations can help to build trust and confidence in the cryptocurrency financial sector. By establishing clear guidelines and standards for cryptocurrency exchanges and transactions, regulators can provide a sense of security for investors. This, in turn, can attract a wider range of investors and bring new capital into the market.

    In addition to increasing trust, regulations can also help to prevent fraudulent activity and protect consumers. The decentralized nature of cryptocurrencies makes it difficult to track and prosecute fraudulent activity. However, with the implementation of regulations, authorities can more easily identify and prosecute those who engage in fraudulent activity within the cryptocurrency financial sector.

    Business Advantages

    Another advantage of regulations is that they can encourage mainstream adoption of the advantages business efficiencies afforded by cryptocurrency technologies like Smart Contracts.

    As more and more businesses and financial institutions begin to accept cryptocurrencies as a legitimate form of payment, the demand for cryptocurrencies will increase. This increased demand will lead to a boom in the cryptocurrency financial sector, as more people and businesses look to invest in and use cryptocurrencies.

    Disruption To Invest In

    So, what industries are likely to be disrupted by the adoption of cryptocurrency smart contracts? Here are three top contenders:

    1. Real Estate: Smart contracts have the potential to revolutionize the way we buy and sell real estate. Currently, the process of buying and selling real estate can be lengthy and complex, involving numerous intermediaries such as lawyers, brokers, and banks. With smart contracts, the process can be streamlined and made more efficient. Smart contracts can automate the transfer of ownership and facilitate the exchange of funds, making the process faster and more secure.
    2. Supply Chain Management: Smart contracts can also be used to improve the efficiency and transparency of supply chain management. By using smart contracts, businesses can track the movement of goods and ensure that all parties involved in the supply chain are fulfilling their obligations. This can help to reduce the risk of fraud and improve overall efficiency.
    3. Insurance: The insurance industry is another area that could be disrupted by the adoption of smart contracts. Smart contracts can be used to automate the claims process, making it faster and more efficient. They can also be used to ensure that policyholders receive the coverage they are entitled to in a timely manner. Overall, the adoption of smart contracts in the insurance industry has the potential to improve the customer experience and increase trust in the industry.

    Cryptocurrency Projects to Watch in 2023

    The Crypto SmartWatch monitors over 300 crypto currency price charts and the projects listed below may not be included in our data – but our trading plan can be applied to any market. Projects below are listed for reference to examples of potential industry disruptions and not as a recommendations for the potential of the specific projects.

    Real Estate

    Lets take a look at a few cryptocurrency projects in the real estate industry:

    1. Propy: Propy is a cryptocurrency project that is focused on revolutionizing the real estate industry. The platform allows users to buy and sell real estate properties using cryptocurrency and utilizes smart contracts to streamline the process.
    2. Find a list of projects in the Real Estate Industry

    Supply Chain Management

    Lets take a look at a few cryptocurrency projects in the supply chain management industry:

    1. VeChain: VeChain is a cryptocurrency project that utilizes blockchain technology to improve supply chain management. The platform allows businesses to track the movement of goods through the supply chain and ensure that all parties involved are fulfilling their obligations.
    2. Waltonchain: Waltonchain is a cryptocurrency project that utilizes a combination of blockchain technology and the Internet of Things (IoT) to improve supply chain management. The platform allows businesses to track the movement of goods in real-time and improve the efficiency of their supply chain operations.

    Insurance

    Lets take a look at a few cryptocurrency projects in the insurance industry:

    1. Etherisc: Etherisc is a cryptocurrency project that utilizes blockchain technology and smart contracts to improve the insurance industry. The platform allows users to purchase insurance policies and make claims using cryptocurrency. Etherisc aims to make the claims process faster and more efficient by automating the process using smart contracts.
    2. Nexus Mutual: Nexus Mutual is a decentralized insurance platform that utilizes smart contracts to provide coverage for Ethereum smart contracts. The platform allows users to purchase coverage for their smart contracts and make claims in the event that their smart contract experiences a failure or malfunction. Nexus Mutual aims to provide a more transparent and efficient alternative to traditional insurance, and has gained a reputation for being a reliable and trustworthy provider of smart contract insurance. Overall, Nexus Mutual is a solid cryptocurrency project that aims to disrupt the traditional insurance industry.
    3. Infinity Project: INFINITY PROJECT is a cryptocurrency project that aims to provide insurance for crypto portfolios. The platform utilizes smart contracts and artificial intelligence to assess the risk of crypto portfolio investments and offer customized insurance coverage. INFINITY PROJECT aims to provide peace of mind for crypto investors by offering a safety net in the event of unexpected market fluctuations

    Regulations will bring a new boom to crypto

    In conclusion, the implementation of regulations in the cryptocurrency financial sector is not a hindrance, but rather an opportunity for growth and mainstream adoption. Regulations can increase trust and confidence in the market, prevent fraudulent activity, and encourage mainstream adoption. Additionally, cryptocurrency smart contracts have the potential to disrupt a number of industries, including real estate, supply chain management, and insurance. As the adoption of cryptocurrencies and smart contracts continues to grow, we can expect to see a new boom in the cryptocurrency financial sector.

    While a healthy dose of optimism can be a valuable asset, it should not be a substitute for a clear plan for investing in crypto. Optimism alone is not enough to ensure success. Without a clear plan for the correct time to invest in any crypto project, like our proven Crypto SmartWatch, it is difficult to set specific goals, measure progress, and make informed decisions. A clear trading plan helps to provide a roadmap for success and good risk control rules can help to reduce the size of setbacks and pitfalls.

    Be compliant with crypto regulations and tax reporting with cointracking.co

    With a plan like the Crypto SmartWatch, it is easy to learn crypto trading on your own and remain on focus and to keep sight of the end goal.

  • How Bitcoin Dominance affects Altcoin Seasons

    How Bitcoin Dominance affects Altcoin Seasons

    Understanding how Bitcoin Dominance affects altcoin season can provide insight into profit opportunities in the overall trends of the cryptocurrency market. Bitcoin dominance, bitcoin price, and altcoin season are all interconnected with Stable Coin Dominance.

    The Crypto SmartWatch breaks down the effects on Altcoin Seasons caused by Bitcoin Dominance and Stable Coin Dominance and provides a daily action matrix that new DIY traders can learn and actually follow.

    What is Bitcoin Dominance?

    Bitcoin dominance refers to the percentage of the total cryptocurrency market capitalization that is held by Bitcoin. It is a measure of how much of the market is controlled by the leading cryptocurrency. When Bitcoin’s dominance is high, it means that it is a major player in the market and that other cryptocurrencies, known as altcoins, are not gaining as much traction. On the other hand, when Bitcoin’s dominance is low, it means that altcoins are taking a larger share of the market and potentially outperforming Bitcoin.

    Here is a handy way to think of how Bitcoin Dominance affects Altcoin Seasons:

    Altseason Rules
    Bitcoin Dominance Basics

    Bitcoin price, or the value of a single bitcoin, can also affect the market dominance of Bitcoin. When the price of Bitcoin is high, it can increase the market capitalization of the cryptocurrency and therefore increase its dominance. Conversely, when the price of Bitcoin is low, it can decrease the market capitalization and reduce its dominance.

    When Is It Altcoin Season?

    Altcoin season refers to a period of time when the US Dollar value of altcoins, or cryptocurrencies other than Bitcoin, experience a surge in value and market capitalization at a faster pace than bitcoin price.

    This can be caused by a variety of factors, such as increased adoption, new development, or favorable world economic market conditions. During altcoin season, the market dominance of Bitcoin may decrease as investors flock to altcoins in search of potential gains.

    Does Stable Coin Dominance Matter?

    Stable coins, which are cryptocurrencies that are pegged to a stable asset such as the US dollar, can also provide insight into the flow of money into and out of the total cryptocurrency market capitalization.

    Stable coins are often used as a way to store value and move money in and out of the market while remaining in a monetary for that is easy to convert back into other cryptocurrencies.

    When stable coin dominance increases it is bearish for altcoins, it may indicate that investors are seeking to move money out of the market or to protect their investments from volatility.

    On the other hand, a decrease in stable coin dominance is bullish because it may suggest that investors are feeling more confident in the market and are willing to take on more risk by investing into crypto again.

    It is important to note that these relationships are not always straightforward and can change over time and we must always manage our risk exposure and be aware of common trading mistakes. For example, a decrease in Bitcoin’s dominance may not always mean that altcoin season is upon us. It could also be caused by a decrease in the overall market capitalization, as has been seen during market downturns. Similarly, an increase in the use of stable coins may not always indicate a lack of confidence in the market. It could also be a sign of increased adoption and demand for stable coins as a store of value.

    Trading Altcoin Seasons in 2023

    The crypto smartwatch looks inside to see how bitcoin dominance affects altcoin seasons

    In 2023, the relationship between bitcoin dominance, bitcoin price, and altcoin season is even more complex and multifaceted. Stable coin dominance can provide insight into the flow of money into and out of the crypto markets but we need the Crypto SmartWatch to view the start and end of each altcoin season with improved clarity.

    How Bitcoin Dominance affects Altcoin Seasons:

    Understanding how Bitcoin Dominance affects Altcoin Seasons can provide insight into the overall health and maturity of the cryptocurrency market – but the Crypto SmartWatch breaks down that overall data into a simple daily action plan for building, balancing and releasing a diversified crypto portfolio as altcoin seasons come and go.