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Showing posts with the label Token Trading

Cryptocurrency Trading: Understanding Pump & Dump for Utility Tokens

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This is when persons manipulate developments of a certain token that they are interested in, as most tokens are marketed as being utility based it is simple to manipulate the market. To understand how this works it is imperative how utility and utility token works and affect the economy. Utility, according to economists is the measure of happiness, enjoyment or a sense of security that a person receives from a commodity or a service in comparison to many other commodities. Utility is basically seen as a measure of the value of one particular commodity, for various different people. In economics it is usually assumed that an individual is rational, if utility is maximized in their care about money and life, that is to say that if an individual chooses one particular commodity from among many such in a group, the rationality of the individual is based on whether his option outweighs the rest in propelling their satisfaction. For example: if Sarah is given a choice between having ...

General Trading Strategies For XcelToken!

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XcelToken Plus is an ERC20 token on the Ethereum Blockchain Platform that is fashioned to build, involve and foster a large crypto-community within the hospitality, retail and gaming sectors. XcelLab is delighted to announce that XcelToken Plus will now be available for trading on 14 Exchange Platforms . One of the best ways to method the trading world is with an open mind, just like anything new that you want to learn. Get your loofa ready and absorb the following general trading strategies listed below: Long/Short  – These are basic verbiages that are being used in the trading world. When a trader is in a “Long” trade this means that they have bought something and are eager that the price will go up to make a profit. On the other hand, when a trader is doing “Short” trades this means that the trader sells what they have in hand. Pairs Trade  – Taking the idea of long/short trading and making a profit on whether the price goes up or down. Thi...