The past couple days have looked pretty grim for the majority of the crypto markets, But a few smaller coins still seem to remain stable and profitable. So I wouldn't let all these red candles scare you, that 1 trillion dollars in fiat isn't gonna vanish anytime soon.
Take Algorand for example, (one of my favorite crypto currencies)
They have a amazing system built with great technology. Their wonderful pure proof of stake that rewards you anywhere between 6% - 7.5% APR not matter what just for holding depending where you hold it. This also means the more you have the more you earn, but that's not even the best part.
The Algorand network fee is only 0.001 ALGO. If you hold over 10 ALGO and wait for a block reward, it will reward you with enough ALGO to pay the fee and then some, making sending it basically free. Read more about ALGO and it's fees HERE There's always the DOGE but that's more of a Magical Internet Money and probably a topic for another day, but is a fun Coin to play around with nonetheless. Then we have ADA and DOT slowly rising to the stars amongst all this chaos. I'll need to do more research on those before ill openly share my opinions of them but for now they are going to be fun to watch.
Check out Binance for a awesome way to monitor all the different markets and keep track of your portfolio. Advanced features could scare away newcomers,
They do offer a lite version that's much simpler on the mobile app.
Don't Forget Coinbase is always a great place to buy and sell the more mainstream Crypto Currency's. Highly recommended for people new to The World Of Crypto.
With the world the way it is today, things might never be the same again. So it is probably best to use this time to your advantage, by learning something new and better your future. Currently I'm learning Python to build a small trade bot for Coinbase to simplify my life. I just built a small profit calculator to save me the trouble of doing the math in my head manually every time.
Still in the learning processes for Python and I did make this last night at 3am.
lol but it works! 🤣
def percentage(percent, whole): return (percent * whole) / 100.0 def algo(a,b): per5 = percentage(105, a) x = a * b fee = percentage(0.50, x) profit = ((per5 * b) - x) newFee = percentage(0.50, (profit + x)) print('\n') print(' Trade Amount =',b, 'Magical Coins') print(' Buy Price = ' + '%.8f' % a) print(' 5% Sell Price = ' + '%.8f' % per5) print('\n Fee = ' + '%.8f' % fee) print(' Total = ' + '%.8f' % (x - fee)) print('\n Est Profit = ' + '%.8f' % profit) print(' Est New Fee = ' + '%.8f' % newFee) print(' Est Total = ' + '%.8f' % ((profit + x)-newFee)) print('\n') # Enter Some Numbers Here And Watch the Magic Happen # 0.50% per trade fee calculated based on coinbase pro current Current = 0.00002500 Amount = 46 algo(Current, Amount)
Stay tuned as I will have more posts to come on the my progress with my trading bot. Follow My Twitter @OfficialNovixel for my live updates and Free Crypto Giveaways