Bitcoin (BTC)

With the advent of computers, smartphones, and the Internet, fiat money became digitized. Marquez Comelab discusses how Bitcoin pushed the evolution of money and describes how it electronifies a monetary and cash system without the need for intermediaries and go-betweens (like banks) to facilitate transactions between people. In this article, Marquez explains the most fundamental elements of Bitcoin and how it operates to help most people gain the necessary background to understand and start exploring Bitcoin.

What are the specific qualities that make something good money? In this article, Marquez Comelab goes through a brief history of how money evolved from 11,000 years ago until today to determine if a new, modern-age currency like Bitcoin is a good form of money and improves the current monetary system.

Knowing a little about the history of money is important in understanding the significance of a breakthrough like Bitcoin. In his previous article, Marquez Comelab wrote about the early forms of money like cows, rice, and shells, among many others, to the more durable and portable gold and silver coins. In this article, Marquez takes you through a condensed history of how paper money invented in China over a thousand years ago, combined with the development and use of banking, accelerated the evolution of the monetary and financial system we have today.

Before trading any market like Bitcoin and Cryptocurrencies, it is important to develop and test a trading system, method or strategy before committing real funds. Here we discuss how we are paper trading 15 cryptocurrency pairs including Bitcoin (BTC), Ethereum (ETH), Bitcoin SV (BSV), ChainLink (LINK), Cosmos (ATOM), Polkadot (DOT), NEO, IOTA, EOS, Tron (TRX), Cardano (ADA), OMG Network, Stellar (XLM), Tezos (XTZ) and 0x (ZRX). We also discuss how to evaluate a paper trading strategy using our case as an example.

Today, we closed the first big gain from Bitcoin SV (BSV) a couple of days after we closed our first big gain from EOS. However if Bitcoin BTC goes above $12000, that can bring about a fresh bout of buying which might mean we need to reverse and go Long again.