Return to CryptoMoms.com
Welcome, Guest!!

Author Topic: SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger  (Read 635 times)

SIGEN

  • Jr. Member
  • **
  • Posts: 15
    • View Profile
SIGEN is a platform for trading cryptocurrency for any fiat currency in the world. Our name is derived from two words: SIGma + ENergy. Sigma (Σ) is the name of a Greek symbol that signifies knowledge. Energy is associated with vitality and constant movement forward.

Our platform gives you 3 options all in one place:

- Trade on an exchange. Trade cryptocurrency with others and earn money on fluctuations in the exchange rate. We charge a minimum fee and allow you to withdraw the cryptocurrency automatically and without any delays
- Buy/sell cryptocurrency for fiat money on our P2P platform. Your transactions are protected by ESCROW and Social Trust Scoring. You can use various currencies and payment systems.
- Exchange currency rapidly in 1 click without signing up. Use our exchanger to buy/sell cryptocurrency at the current exchange rate without bothering with trades.

In addition to minimal fees, safety, convenient and fast transactions, and automatic withdrawals, you will find online 24/7 support, the ability to create orders with multiple offers, a double affiliate program, and much more.

SIGEN is next-generation cryptocurrency trading!

Start trading right away SIGEN .pro

Manish

  • Full Member
  • ***
  • Posts: 137
    • View Profile
Thanks for the Information! That is really helpful.


SIGEN

  • Jr. Member
  • **
  • Posts: 15
    • View Profile
Hidden Order: Why You Need It and How You Can Submit It​

For certain reasons, some investors prefer to hide large-size orders submitted for trading. These orders are the so-called “hidden orders”.

A hidden order allows the trader not to display the real number of buy / sell transactions for large amounts of cryptocurrency. This order is not displayed in the order book.

Creating a hidden order on https://sigen.pro/

On the Sigen.pro cryptocurrency exchange, you can create a hidden order whenever you fill up the “Buy” or “Sell” request. You can just tick the relevant checkbox, and the market players will not see your order.

According to research, hidden orders are a manifestation of growing trading activity on the market.



Finding a hidden order

Observant traders may notice the exchange has a hidden order out there. If you can see a certain number of buy or sell requests, but you can actually buy or sell more at the indicated price, it means a hidden order has been activated.

Moreover, the total volume of the order book will be larger than the amount of all visible orders. Finding hidden orders may be useful to amend the forecast for the cryptocurrency exchange.

SIGEN

  • Jr. Member
  • **
  • Posts: 15
    • View Profile
70% of cryptocurrency exchanges allow user accounts to have weak passwords. SIGEN does not.

The creators of the Dashlane password manager analyzed the password requirements imposed by cryptocurrency exchanges.

They concluded that over 70% of all cryptocurrency exchanges allow users to use weak passwords. This can actually be seen as indifference to users' welfare, because their savings are at risk: accounts with weak passwords are vulnerable to hackers.

What is required to make a strong password?

- A password must be at least 8 characters long;
- It must have both lowercase and uppercase letters;
- It must include numbers.

It turns out that only about 30% of cryptocurrency exchanges and trading platforms fully comply with these requirements. The remaining 70% do not. Moreover, 43% of the analyzed platforms allow passwords shorter than 8 characters, and 34% do not require both letters and numbers.

Exchanges are unlikely to earn a good reputation with such an attitude toward user accounts. We recommend that you do not open accounts on such exchanges and certainly never keep funds there.

The SIGEN cryptocurrency exchange cares about your security

The SIGEN cryptocurrency exchange imposes stringent password requirements that comply with established standards. Additionally, mandatory two-factor identification has been introduced on the platform, as noted in a previous article. These security measures can reliably protect your savings from thieves. Using the SIGEN platform is simple and safe: we care about you!

SIGEN

  • Jr. Member
  • **
  • Posts: 15
    • View Profile
Pumping: what it is and what to do

The unregulated nature of the cryptocurrency market allows crypto traders to engage in so-called "pump and dump" schemes, i.e. buying up and selling off cryptocurrencies on a large-scale.

What does "pump and dump" mean in simple terms?

A pump (pumping) looks like a sharp increase in a cryptocurrency's exchange rate. At some point, after the coin has reached a very high price relative to the beginning of the pump, the price of the coin falls sharply. This is called dumping, or a dump.

A pump and dump can be orchestrated by even one user on a single exchange if he or she has enough money to start mass buying followed by a massive sell-off.

But, of course, truly large-scale pumps are organized by groups of traders who coordinate their actions in advance and start manipulating the market at a specific time. The current "gathering place" for pumpers is social networks, where they special groups that coordinate their actions before and during a pumping / dumping operation.

Pumping is planned in advance and follows as scheme like this:

- "Positive" news, whether fabricated or overblown, is published on informational websites;
- Everything possible is done to bolster potential investors' interest in the breaking news;
- More and more inexperienced traders are brought in;
- The novices' hopes of price growth are stoked.

How to recognize pumping

The start of pumping can be easily seen on a particular cryptocurrency exchange based on users' activity in the local chatroom. Experienced traders start telling unbelievable stories about how the coin rate is growing and is about to start growing even faster, and that you need to buy it as soon as possible.

Before the pump, traders push cryptocurrency price so high that inexperienced players do not believe it might fall, so they continue to buy as the exchange rate rises. At some point, the pumpers stop buying, but inexperienced traders continue. Then the pumpers sell everything at a high price, and the exchange rate goes down. Then, inexperienced traders panic and sell what they bought.  Thus, pumping "victims" buy high and sell low. Meanwhile, the pumpers make a profit.

Follow the rules!

Inexperienced trader don't have to lose money during pumping if they follow a few rules.

- Don't buy coins if the rate has instantly increased by more than 20%.
- Don't sell coins after there has been a brief price surge followed by a decline or contraction, since it will likely be followed by growth.
- Don't believe sensational news, especially if traders are spreading it in chatrooms.
- And, of course, don't use all your savings to buy coins when the price rises.

In any case, whether or not pumping is happening, cryptocurrency trading requires caution, experience, and common sense. So consider each step carefully. We wish you successful trades and profitable investments!

SIGEN

  • Jr. Member
  • **
  • Posts: 15
    • View Profile
PRIZM trading has been resumed

Dear friends, all issues with the PRIZM (PZM) cryptocurrency have been fixed and it is available for trading again! You can start trading PZM right away!



Sincerely yours,
SIGEN Team

SIGEN

  • Jr. Member
  • **
  • Posts: 15
    • View Profile
Trust your money to no one

Beginning traders often get hooked by "experienced investors" who offer their services regarding some "profitable" investment, promising only profits and no losses. But most of the time, such proposals are cover for amateurs seeking to make money at someone else's expense.

Trusting such people puts you at risk of going bust, while your "benefactor" won't lose anything at all. After all, if the deal ends up being profitable, he gets a percentage for his services, well. If the investment tanks, only you lose since he isn't investing his own money, only yours.

Do your own research

Since the cryptocurrency market is virtually unpredictable, even a truly experienced trader with solid capital can't say with 100% certainty how a particular coin will behave in the near future. Honest people simply won't promise you anything. Mountains of gold "no matter what" are usually promised by scammers who have no qualms about profiting from your naivete and trust.

To stay in the black, study the market yourself and learn to do analysis. Do not succumb to the desire to make money quickly with someone else's help. Be wise: don't trust your assets to outsiders; manage your own funds.

May good profits come your way!

SIGEN

  • Jr. Member
  • **
  • Posts: 15
    • View Profile
Bulls Pushing Up: What is the Bull Trend in the Cryptocurrency Market

The cryptocurrency market is governed by two types of traders — the bulls and the bears. Today, we're going to review what the bulls do.

Why the Bull?

As traders themselves say, if the bull attacks it's always from the bottom upwards, by thrusting the opponent with its horns and tossing them up. In other words, a bull trend is an increase in the price of cryptocurrencies when the market is kind of pushing the price from the bottom point upwards.

It's easy to see that a bull trend is developing — it's sufficient to have a look at the cryptocurrency price diagram. An upward trend is a sequence of price values, with each subsequent value higher than the previous one. If the price goes up and immediately back down again — this is no trend, it's a short-term price increase. When, however, the price moves from one maximum value to another, i. e. when the overall price grows fast with slight downward fluctuations, this is the upward — bull — trend.

What shall I do?

A trader must be able to see when the market enters the bull trend rather than simply being adjusted. Many traders think that the start of a sustainable bull trend is the best time to enter the market since the stock price is constantly rising.

Most traders prefer the bull trend as its makes earning a profit easier and faster. When the stock price has been rising for a long period of time, the bulls are said to govern the market.

One should remember, however, that a trend must persist for at least several days rather than hours. If a trader prematurely views a short-term market move as a long-term trend, they might sustain losses. It bears a special importance on the cryptocurrency market, with expensive cryptocurrencies such as Bitcoin or Litecoin in particular, since the price behavior may change at rapid-fire pace, within a few hours, while losses may be huge. However, if a trader is right about picking up on a bull trend, their profits are going to be high.

seooesboard

  • Jr. Member
  • **
  • Posts: 23
    • View Profile
ceintainly

SIGEN

  • Jr. Member
  • **
  • Posts: 15
    • View Profile
Bears pushing down: what is the bear trend in the cryptocurrency market?

Last time, we told you about the bulls in the cryptocurrency market. Today, we are going to talk what the bears do.

The bears attack from above

Many traders believe that the bears attack their prey swiping its paws downward. Therefore, when the price of the cryptocurrency is falling, and each subsequent value is lower than the previous one, and it is called bear trend. In such situation, people say bears dominate the market and sell their assets.

Among them, there are many bears who know how to earn on the falling price. However, many participants of the market wait for the approximation to the lowest point of the trend and the further growth. It’s considered a good moment for the entry on the market. Therefore, many people believe that the start of the bear trend is a good time for selling, and the end of the bear trend is a good moment for  purchases.

How to recognize the bears

The trader should determine the start of a bear market as soon as possible. For that, it’s necessary to see the cryptocurrency price diagram or draw it on your own  using two or three points of the cryptocurrency price. One can easily see the downward trend.

It is just the same as with the bull trend. There’s no need to hurry up and take hasty decisions. If the price is moving down it doesn’t mean the bear trend. It can be just a correction at the market. Wait for several days, then you will be able to determine the presence of the sustainable trend. For the cryptocurrencies market, it’s extremely important as the price fluctuations can occur very quickly, just in several hours.

SIGEN

  • Jr. Member
  • **
  • Posts: 15
    • View Profile
Cryptocurrency Trading Strategies: Scalping

Cryptocurrencies as a trading asset have not been around for long, but many traders have figured out pretty fast that cryptocurrency trading has its own patterns which allow to develop trading strategies. One of these strategies is scalping.

Basics of scalping

Scalping is the execution of multiple short-term transactions aiming to make profit on the intraday fluctuations of cryptocurrency prices. Profits made in each transaction are small, but they can compound into a large gain.

The trader will first carefully study cryptocurrency price trends using charts, latest transactions and the order book. They will then position their orders and closely monitor cryptocurrency behavior to make an instant profit.

Advantages of scalping

Scalping uses the high volatility of cryptocurrency prices while decreasing dependence on market trends. In other words, the trader who uses this strategy can make profit in any market conditions: both on the rise, and on the downturn. Even though this strategy requires a great deal of concentration and self-discipline, it can also bring in a fair daily return.


SIGEN

  • Jr. Member
  • **
  • Posts: 15
    • View Profile
Cryptocurrency Trading Strategies: News Based Trading

It is rightfully assumed that cryptocurrency prices are strongly affected by news. News based trading is one of the popular methods to trade on cryptoexchange. Let's have a closer look at some of the fundamental principles you need to adhere to in order to preserve and increase your funds.

Most traders operate as follows:

- When news are bad, all traders fear a drop in price and engage in a “sale”.
- When news are good, they buy cryptocurrency.

This is an adequate response to news. However, in terms of making profit this is not always the right strategy.

If you want to make profit, the right strategy would be the opposite one:

- When news is bad, buy cryptocurrency.
- When news is good, sell cryptocurrency.

In this case, you'll be able to make profit since cryptocurrency price is lower when news are bad.

Sources

A lot of beginning investors and traders notice that news have an impact on the Bitcoin price. A lot of them try to trade based on their own interpretation of the news. They soon can see that they suffer losses or fail to make profit by misinterpreting an event.

The key reason for misinterpreting is using an unreliable source of news or, more often, a source that publishes the news too late for making trading decisions.

Therefore, you need to find an adequate source of news. One of the best sources is forums and blogs. It's also important that forum and blog participants share their trading knowledge and experience and analyze errors and problems.

Local manipulators

Some players on cryptocurrency exchanges set up groups tasked with initiating cryptocurrency price movement in the right direction. They can have significant means and use them to rapidly increase or decrease the price.

However, local manipulators don't need to spend their own funds — they could just make a stir around a piece of news and force traders buy or sell cryptocurrency. This is exactly when manipulators make a profit by making the right bids.  If an exchange has a chat, it's an advantage for manipulators since they can use it to directly influence traders.

There's some speculation — though having no proof just yet — that certain global news regarding cryptocurrencies are also initiated by manipulator groups. Operations of some exchanges were even suspended this and last years on suspicion of using insider information.

Therefore, even if you trust your source, you must always double-check all news, employ analytical tools and compare price movement on various trading platforms.


SIGEN

  • Jr. Member
  • **
  • Posts: 15
    • View Profile
Cryptocurrency Trading Strategies: Arbitrage

In previous publications, we talked about some popular trading strategies, such as scalping and news based trading. Today, we'll tell you about another strategy — arbitrage.

The arbitrage strategy is when a trader trades on multiple exchanges. They use the difference in cryptocurrency prices on different exchanges and makes a profit on this difference. The trader compares prices on multiple exchanges and calculates the profit: where cryptocurrency can be bought at a lower price and sold at a higher price. In other words, the trader compares the price of the same cryptocurrency on different exchanges and calculates when the profit will be larger.

Arbitrage is not an easy-to-use strategy, but it's quite profitable

This strategy cannot be regarded as an easy-to-use strategy, but such trading can be the most profitable. To engage in arbitrage, you need to register accounts on multiple cryptoexchanges and carefully analyze and memorize their respective functionalities. You need to do it to rapidly respond and not to lag behind when you create buy/sell orders.

It's important to correctly calculate fees to be paid for transferring funds between exchanges and to account for the deposit/withdrawal rate. You should also analyze and memorize how prices usually change on specific platforms. Just like with any other strategy, it's good to master analytical tools, learn how to rapidly and competently read and understand charts.



* Share Topic

Share via twitter

* Similar Topics

xx
BiTTo - The FIRST Innovative Cryptocurrency Exchange Platform!

Started by FutureICO

0 Replies
427 Views
Last post January 03, 2018, 06:21:09 AM
by FutureICO
xx
CoinSwitch – The HIGHEST RATED Cryptocurrency Exchange platform!

Started by Cryptoworld

0 Replies
451 Views
Last post March 06, 2018, 11:05:51 AM
by Cryptoworld
xx
SIGEN.pro — Fast Cryptocurrency Exchange in a Single Click with No Registration

Started by SIGEN

4 Replies
413 Views
Last post September 16, 2018, 03:26:58 PM
by SIGEN
xx
New trading platform WEX.NZ instead BTC-E

Started by Gelana

0 Replies
705 Views
Last post September 27, 2017, 02:23:47 PM
by Gelana