Jump to content

Recommended Posts

The First Cryptocurrency

In this episode of Crypto Corner, Eddie and Anton talk about Bitcoin and how it was the first cryptocurrency to gain popularity and kickstarted the crypto market as we know it today. 

The ability to conduct transactions and have them recorded on a decentralized network was one of the initial reasons Bitcoin was adopted. This network is able to function without a central party due to the concept of proof of work, which simply means that the ledger with the most computational work is the one that is trusted. 

However, there is still room to improve for Bitcoin, as it sees low transaction speeds and limited applications outside transferring funds.


tastytrade and IG.png

Link to comment

What is the Blockchain? 

In this episode of Crypto Corner, Eddie and Anton talk about what the blockchain is and how it works.

A blockchain is a shared, immutable ledger that records transactions and tracks assets. This ledger is distributed to all network participants, and they are able to see every transaction recorded, but nobody can alter a transaction after it has been approved and recorded to the ledger. 

One of the benefits of transactions on a blockchain is that they can utilize smart contracts, which are programs stored on the blockchain and then run when set conditions are met. 



tastytrade and IG.png

Link to comment

How Does a Blockchain Work?

In order for a transaction to occur and be recorded on a blockchain, a series of steps must be done. First, a block is created to hold the necessary information for the transaction, such as the amount, a signature, and the hash of the previous transaction. 

After a block is created, it is sent to everyone on the network and verified, through a process known as mining – which is basically guessing and checking. Once verified, the transactions are bundled together and chained to the existing blockchain via the hash of the previous block.



tastytrade and IG.png

Link to comment

The Economics of the Blockchain

With crypto’s infrastructure based on computing power processing transactions, the biggest cost of the blockchain lies in energy consumption, computing power, and sending information. Over time, those costs are expected to decrease, making blockchain more feasible to use on a global scale, but this decline in costs must outpace the increase in users. 

The biggest current risk to the entire crypto economy is the looming presence of regulation. Since crypto is a direct threat to existing government sponsored and controlled currencies, this puts crypto at the top radar for all governments to limit. 



tastytrade and IG.png

Link to comment

How Currencies Get Their Value

In the first episode of Crypto Corner, Anton and Eddie from the tastytrade Research Team discuss where decentralized currencies and centralized currencies derive their fundamental value from. A successful currency that is used in everyday transactions and as a store of future spending power has three main components to it. 

The currency must be trustworthy; it must have anti-counterfeit measures, and it must be accepted by a large number of participants. Both crypto and traditional currencies must have these in their systems, but they achieve it in different ways. 


tastytrade and IG.png

Link to comment
  • 2 weeks later...


You might have heard of Bitcoin, but what about Ethereum? Ethereum was the biggest evolutionary crypto since Bitcoin, because it expanded the scope of what crypto and blockchain technology could be used for. Both Bitcoin and Ethereum use a centralized ledger, they are both decentralized, and they both use the same mining methods as of now. Later in 2022, Ethereum is planning to switch to a much more efficient, proof of stake method to verify transactions rather than the energy consuming proof of work. Proof of stake is not the fundamental difference between Bitcoin and Ethereum, but it will be a differentiating factor going forward.



tastytrade and IG.png

Link to comment

Use Cases of Cryptocurrencies

Crypto use cases have dramatically increased over the last year. From being only a transactional benefit a few years ago, there are now many uses and platforms to use different crypto on. 

In addition to payments, crypto can be used for decentralized financial services (de-fi), intellectual property protection (NFTs are the biggest example for this), investment diversification, and privacy protection. Most notably, with these increased use cases, there have been many more people gaining exposure to crypto in one of these areas, which has helped spread the growth of the industry.



tastytrade and IG.png

Link to comment

Storage and Ownership of Crypto

What's in your wallet? The most common way to store your crypto assets is via a wallet. A wallet is like a digital bank account for your crypto, and you can store, send, and receive assets via a wallet. The first type of wallet is a hot wallet, which means that it is always connected to the internet. 

There are two types of hot wallets, custodial or non-custodial, and each offers its own set of benefits and drawbacks. The less common but more secure type of wallet is a cold wallet, which is only connected to the internet when you want to make a transaction. This can come in the form of a physical wallet, similar to a USB stick, or a paper wallet, that simply contains your wallet address and private key.



tastytrade and IG.png

Link to comment
  • 2 weeks later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 04/10/22 18:59
  • Posts

    • Stocks: AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. Elliott Wave  SP500 US Stock Bear Market: AMZN, AAPL, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM, GS. Elliott Wave Technical Analysis  Stock Market News: Stocks rise, however the move up continue to move up on lower volume, divergence and corrective bear market rally, that should complete in the next trading session Stock Market Summary Elliott Wave Count: Elliott Wave Analysis - (iv) of c) of 4 of (1) Analysis US Stocks: Tesla TSLA, Amazon AMZN, Nvidia (NVDA), Apple AAPL, Microsoft MSFT, Berkshire Hathaway (BRK/B),Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS) Stock Market Trading strategies: Looking to short the top and turn in the trading session Video Chapters 00:00 SP500 06:58 Apple (AAPL) 12:22 NVIDIA (NVDA) 14:40 Amazon (AMZN) 18:35 Meta Platforms (META) 20:17 Netflix (NFLX)  21:41 Enphase (ENPH) 24:14 Tesla (TSLA) 27:59 Alphabet (GOOGL)  30:35 Microsoft (MSFT) 31:31 Berkshire Hathaway (BRK.B) 32:33 Block Inc. (SQ)  33:38 Banks JPM, GS 36:14 End. Thanks for supporting! US Stocks: Basic Elliott Wave Counts Apple AAPL  Elliott Wave 4  Corrective rally Amazon AMZN  Elliott Wave 4 Nvidia (NVDA) Elliott Wave  ii) Berkshire Hathaway BRK/B Elliott Wave 4 Alphabet GOOGL  Elliott Wave 4 Meta Platforms FB Elliott Wave iv) Netflix (NFLX)  Microsoft MSFT  Elliott Wave 4 Tesla TSLA  Elliott Wave iii) Square SQ /Block Inc. Elliott Wave 4 JPMorgan Chase (JPM) Elliott Wave 4 Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com  
    • US DOLLAR TALKING POINTS: The US Dollar has dropped by as much as 3.3% from the high that was set last Wednesday and many are asking if the USD has topped. Given how aggressively overbought the greenback had become, this retracement looks to be a correction in the trend with no evidence yet of anything larger. However – price is approaching some major supports and performance around those levels will be key for determining near-term strategy. Of particular importance is the fact that the US Dollar is a composite of global currencies so the bigger question is when sell-offs in EUR/USD or GBP/USD might return and, in a related item, how will USD/JPY hold up with the pair pegged to the 145 level thought to be the line-in-the-sand for Japan’s Ministry of Finance? Oct 4, 2022 | Full article on DailyFX James Stanley, Senior Strategist
    • EUR/USD and GBP/USD edge up while USD/JPY falters at ¥145.00 again A pause in the dollar rally sees USD/JPY stuck below recent highs, but both the euro and sterling have made gains in early trading against the greenback.    Chris Beauchamp | Chief Market Analyst, London | Publication date: Tuesday 04 October 2022  EUR/USD rebound continues After falling to a twenty-year low last month, the euro continues to rebound against the US dollar with EUR/USD. This still looks very much like a counter-trend bounce that sees the price head back to the 50-day simple moving average (SMA), currently $1.1018 and then begins to falter. This would be in line with previous bounces since April, all of which have found it impossible to hold above the 50-day SMA. This move could see the price head back to $1.01. Further targets lie at $1.02 and then $1.0374. Source: ProRealTime GBP/USD recovers $1.13 The GBP/USD continues to defy the doomsters with a recovery above $1.13. Its own counter-trend bounce remains intact, and if previous bounces are any guide there is still some potential for upside, even if it only reaches the 50-day SMA. Like EUR/USD, the pound is still making lower highs and lower lows against the dollar, with the previous peak at $1.176 marking out the initial target for this bounce. Both stochastics and moving average convergence/divergence (MACD) have room to move up to support this move, but selling the rallies still appears to be the approach here for this downtrending market, although it looks like for now there is still a desire to push the pair higher in the short-term. Source: ProRealTime USD/JPY stalls below ¥145.00 It does look like ¥145.00 is the ceiling in USD/JPY for the time being – repeated attempts to break higher have come to naught, despite the continued strength of the US dollar. Indeed, it is perhaps precisely that we need a pullback in order for the trend to revive. The pair rallied hard from the August-lows, and now sits at some distance from the 50-day SMA (currently ¥139.15). A pullback towards this level might ‘clear the air’, create a higher low and provide a springboard for fresh bullish momentum. Source: ProRealTime
  • Create New...