In this Lightning Series episode Bitcoin Speaker, Author & Educator Andreas M. Antonopoulos talks about the Lightning Network with developer René Pickhardt. On this episode of What Bitcoin did they discuss how the Lightning Network works and why scaling off-chain is so essential.
OANDA has built a solid reputation for itself since its inception in 1996 and has rapidly become one of the world’s big names in forex trading and CFDs. Spreads, costs, platforms and data access are all highly competitive. You can also trade Bitcoin as BTC/USD.
Open a live account in 3 easy steps
You can open a live account with a bank transfer (local or international), credit/debit card, Skrill or Neteller, and trade in up to four currencies: USD, EUR, HKD and SGD.
The accounts OANDA offers include: standard, core and swap-free. Negative balance protection and premium are in the pipeline. You can also set up a demo – paper or sim – account before committing to live trading. Document verification is not needed when you open an account and deposit below US$9,000.
Deposits and withdrawals
OANDA does not charge a fee for deposits and withdrawals are free except for the bank transfer option that incurs a US$25 transaction fee. All major forms of funding options are accepted including bank transfers, electronic wallets, debit cards, and credit cards.
Excellent range of forex pairs plus Bitcoin
OANDA offers a wide range of CFD and forex products. The CFDs cover indices, commodities and metals. For forex, you have all the majors and a good range of minors. However, metals and cryptocurrencies are narrow in their range. Also note, there are no stock and ETF CFDs, nor is there any option trading available.
Fees, leverage and competitive spreads
OANDA doesn’t charge for account funding options. There are no deposit or withdrawal fees charged, although OANDA does charge account inactivity fees if your trading account remains inactive for 12 months.
OANDA compensates for the lack of individual stocks and ETF options with high leverage (up to 200:1). They apply tiered margin requirements with open trade positions, so, generally, the higher the value of an open trade position the higher the margin you must maintain.
OANDA offers competitive spreads:
- FX spreads from 1.0 (spread only)
- FX core spreads from 0.2 (+ commission at $40 per million notional)
- Gold from 30 cents
Security and regulations
In the Virgin Islands OANDA is regulated by the BVI Financial Services Commission in the British Virgin Islands (BVIFSC). Traders aren’t provided with negative balance protection; only European users get protection through their respective regulatory authority. Servers are located in New York.
OANDA provides you with two-factor authentication for an additional layer of security.
For Virgin Islands accounts OANDA offers the Metatrader 4 web, Premium and downloadable platforms and apps for mobiles and tablets.
OANDA offers a variety of trading order types:
- Market order
- Limit order
- Take-profit order
- Stop loss
- Trailing stop
- OCO (one-cancels-the-other) with MT4 Premium
Order execution is 100% automated, with no dealer intervention.
Charts, alerts, and premium tools
MT4 comes with powerful analytical and charting tools. OANDA integrates market research and charting tools to enhance your trading experience.
Some key features offered by OANDA for charting and analytical purposes include:
- 30 technical indicators
- 24 analytical objects: lines, channels, geometric shapes, as well as Gann, Fibonacci, and Elliott tools
- 9 time frames including M1, M5, M15, M30, H1, H4, D1, W1 and MN
- Popular features such as Renko charts, OCO, keyboard trading, Expert Advisor and MLQ4 language indicator
- MT4 technical analysis powered by AutoChartist
Through MT4 premium you can access quality web content inside your trading platform. From within the MT4 client terminal, you now have direct access to content from Dow Jones, market news sentiment, as well as two calendars to stay up to date. You can also access OANDA’s forex blog content.
Learning and support
OANDA offers an abundance of educational material, industry news, blogs, and trading guides. Its Market Pulse covers comprehensive industry news and events. They also provide useful customer training through live events and webinars.
OANDA offers 24 hours dedicated customer support on 5 weekdays. Its mode of communication are:
- Live Chat with an advisor
- Direct call support
- Email, and
- Chatbot for basic queries
The in-depth industry analysis and market news make up for the lack of 24/7 live support. Fortunately, the level of support on those 5 and a half days of the week is of a high standard with waiting times for calls being about 16 seconds and just 10 to 15 seconds for chat on average.
Things we like
OANDA has been in the trading business for well over two decades now. It ticks most of the boxes for traders looking for forex and CFD trading instruments.
Here are a few benefits that we particularly liked:
- Trusted brand, with a positive reputation
- Ease of account opening – no docs for deposits below USD 9K
- Tier-1 banking relationships
- Best-in-class MT4 bridge
- Excellent market research tools
- A lot of customer education and industry news sources
- Competitive spreads, margins, and trading costs
- No direct withdrawal or deposit fees
Things we would like to see
- Not yet listed on any stock exchange, and no banking licence as yet
- More modern trading platforms (currently offering only MT4)
- No individual stocks, stock CFDs, ETFs or Futures
- Customer portfolio analytical tools
- Social trading tools that most of its competitors offer
- 24/7 live support during market hours from Sunday at 5pm to Friday at 5pm (NY Time)
Good things coming soon
- Proprietary mobile platform
- Single stock CFDs
- Social trading
Eric Edmeades, the creator of one of world’s most effective health, nutrition and weight loss systems – WILDFIT – has just announced a free online Masterclass with Mindvalley.
And you’re invited:
This Masterclass could not have come at a better time.
Because being smack dab in the middle of the year…
This is when most people make or break their health and wellness resolutions.
So… Are you on track to hit yours?
Well, this Masterclass is going to be a game-changer in your relationship with food – allowing you to effortlessly re-correct your weight and put you into a state of optimal health.
The secret lies in a ‘food philosophy’ Eric will share in his Masterclass called:
Food Freedom, according to Eric, occurs once you’ve reprogrammed your beliefs and behaviours around food so you automatically:
* Break free from unhealthy food cravings and no longer feel the urge to reach out for those sugar-filled snacks ~
* Gravitate towards foods your body actually needs that energizes, heals and nourishes you ~
* And allowing your body to effortlessly shed any excess pounds without the need for restrictive diets, counting calories or resorting to brutal exercise regimes.
In this Masterclass Eric will equip you with the very tools you need to regain your vitality and wellness, so you return to a state of optimal health.
This will be BIG – claim your free spot now and join us:
One of the biggest reasons that I love #JustForex is because they give these bonuses from time to time with a little effort put in.
This one is just right up my alley.
All the need is a blog post, and I do that all the time. Even though I’ve never truly used their services, I’ve only ever promoted their services on my website, this is the best thing about them, for me. They give away money in a trading account to try out their services.
This very post you’re reading is the one I’m going to submit for the competition. I’m ofcourse hoping for the quick $25 prize so I’m going to end it right here. Ask you to visit this link and wish you a very good evening.
So a little bit of a clickbaity headline, but wtf, I’ve got to make the most of the 15min of fame and milk it for all it’s worth.
Bitcoin is not only going to the moon, but being adopted by governments now. Let’s make the best of it and help everyone own Bitcoin the right way, like buying from BitVice.
At the conceptual level, you can think of Stacks as being a layer-2 blockchain for Bitcoin like the lightning network but for smart contracts instead of payments.
The Stacks blockchain also uses a novel consensus mechanism called ‘proof of transfer’ that leverages Bitcoin’s proof of work consensus for security Proof of transfer is conceptually similar to proof of stake, as it involves ‘stackers’ who ‘stack’ the STX token on the stacks blockchain and earn Bitcoin as a reward
⛏Stacks BTC Mining & STX Stacking⛏
With the current market price of STX, Stacks miners earn just over 2000 dollars per block, plus any transaction fees in that block from the Stacks blockchain.
The amount of BTC miners need to commit to the Stacks blockchain to mine a block is currently about 1500 dollars. That’s about a 500$ profit in STX, which is not bad Right now, the minimum amount of STX you need to stack is 90 thousand.
That’s worth more than 180 grand!
Thankfully, there are ways that you can stack less STX using exchanges and stacking pools.
While the rewards for stacking are also not entirely clear, they seem to add up to about 10% in BTC relative to the dollar value of STX you’re stacking.
By March, stackers had earned more than five and a half million dollars in Bitcoin rewards, which might have been what enticed the chief strategy officer of Coinshares to join the Stacks Foundation
A few weeks later, the Stacks Foundation announced their accelerator program which provides funding and guidance to any projects building on Stacks for the first 3 months
One of the people who will be guiding projects building on Stacks is Chainlink founder Sergey Nazarov, who seems to have a very close relationship with Stacks founder Muneeb Ali
📈STX Price Analysis📈
The entirety of STX’s initial supply was split between private investors, the Stacks Foundation, Hiro Systems PBC, and the project’s founders
Given how much STX has appreciated compared to its sale price, many of these tokens are probably being sold
When you combine this sell pressure with the sell pressure coming from Stacks miners, you need a lot of demand if you want prices to go higher
Stacks has seemingly struggled with adoption despite having a solid project and raising nearly 100 million dollars in funding
This is evident in the amount of stackers, which less than 300 for this 16 day cycle.
This is concerning because these 300 stackers alone are stacking more than 30% of STX’s circulating supply
This is likely because doing the STX sale by the book within the United States meant that STX was automatically designated as a security by the SEC
One of the side effects of STX being classified as a security is that it cannot be listed for trading on cryptocurrency exchanges inside the United States, which is where most of Stacks partnerships are
🤑Stacks & STX Potential🤑
If STX is deemed a currency by the SEC, it will explode in value.
Multiple US exchanges have signaled their readiness to list STX once its cleared by the SEC, and institutions are on standby as well In addition, Stacks may just provide the incentives required to sustain the Bitcoin network using transaction fees alone once that last BTC is mined
I’ve been involved in spreading the word about Bitcoin since 2013 when I bought my first coin. Because I was in the trading industry, testing and promoting various trading platforms, I got caught up in the worst behaviours putting my money at risk to get a bigger reward.
I’ve subsequently learnt that holding Bitcoin for the long term, securing it properly via a self-hosted wallet, never selling but always adding to your holdings is the best way to secure your future.
My goal is now to help teach and guide other people to buy Bitcoin using a service such as BitVice, storing it on a wallet such as Blue Wallet, a hardware wallet like Ledger, or a multi-sig wallet such as CASA.
I’ve also recently joined the Stacks team as a community builder. Stacks is a project which is bringing smart contract ability to Bitcoin. The first exciting “app” with this new ecosystem is the ability to earn Bitcoin from stacking $STX token.
Currently they’re paying between 7-20% APY (annual percentage yield) on the dollar amount of $STX that you own in Bitcoin.
All this and more we can discuss in a personal one-on-one call and you only pay R250 AFTER we’ve had our call. To book a call with me, please send me a WhatsApp message at +27825614455.
If you’re happy with the call we had and felt like you got sufficient value, then you may go ahead and pay for my time using either PayFast (Credit Card, Instant EFT and other SA based payment systems) or pay using Bitcoin now that you’ve learnt how to do so.
Mindvalley recently broadcasted a free Masterclass where they revealed their brand new fitness protocol to the world.
And it’s unlike anything I’ve ever seen before.
They call it ‘10X.’
And it’s designed to give you the same strength gains, muscle growth and extraordinary levels of fitness that exercising in a gym 4-5 hours a week would give you…
Skeptical? I was too until I heard the science behind it. (More on this in a bit.)
The Masterclass officially ended last week BUT because of it being such a roaring success, my friends at Mindvalley agreed to open a special limited broadcast just for our community.
Now I know what you’re thinking.
“How can exercising as little as 30 minutes a week in TOTAL possibly transform my fitness and my body?”
Well, according to the latest science in muscle conditioning, the key lies in triggering an evolutionary mechanism in our bodies called the ‘adaptive response.’
Essentially, it is what allowed our prehistoric ancestors to quickly become stronger, faster and more agile (or else end up being a sabre-toothed tiger’s next meal).
10X is designed to trigger this very same physiological adaptation.
And in their new Masterclass, Mindvalley founder Vishen Lakhiani, and his Health & Fitness Team will show you exactly how.
But what surprised me the most was when they showed me this picture of one of their 10X ‘test subjects.’
Meet Mary, a 40 year old hispanic woman serving in the US Army.
Just observing the changes in her body shape was impressive enough.
(And yes, she only exercised for 15-minutes, twice a week, for 6 months to achieve these extraordinary results.)
But when they shared her DEXA scan results over the course of those 6 months, it blew my mind.
This Masterclass was a game-changer for so many people, and really challenged what we thought we knew about fitness.
So if you’re looking to crush your 2021 fitness goals, this might just be the perfect place to start.
Stacks Foundation grantees, Boom and Risidio, are projects that forefront NTFs on Bitcoin.
Dan Trevino (Boom) and Mike Cohen and Peter Ponton (Risidio) explore the potential of NFTs to reshape how we view digital arts
You’ve now bought your STX tokens and are ready to start stacking your STX. If you don’t have the multiple hundreds of thousands (or tens of thousands) to stack by yourself, then these places listed below are the best places to delegate your STX to earn Bitcoin.
I found this infographic in the Stacks community and it quickly gives you an idea where you can stack based on your personal situation.
Let’s start with OKCoin because it’s the one that I have the most experience with.
They don’t charge any fees, they have a 50 STX minimum to start with and they pay out daily. Being an exchange they are a custodial service and remember; not your keys, not your coins. F
or now they suit my purposes, but I will move to another, better solution when I have the opportunity to.
Like, for example;
Plan Better Stacking Pool
Staked is another things that I need to explore but since I haven’t investigated any of the others, I’ll simply allow you to find them on the inforgraphic and research them yourself.
If you’re reading this after May 2021, you probably won’t get the double reward but this will still probably be a good way for you to stack the token and earn Bitcoin.
If you don’t want to buy your bitcoin on exchange like most people do AND you want to buy a minimum of R20,000, then pay attention to the video above and what’s written below because this is a super easy way to buy and secure your Bitcoin to secure your wealth.
Because I spend my time looking for ways to earn more bitcoin, I recently became an adviser on BitVice, which helps people to buy and self-custody Bitcoin in their own wallets without going through an exchange to buy the coin and expose yourself to exchange risk.
So I decided to check them out some more and came across this video they uploaded to their YouTube channel.
Here they outline 8 of the most common questions and answers to help you understand Bitvice’s offering and Bitcoin’s value proposition.
Bitcoin to one’s portfolio at certain allocations, over a 3-year period could have equaled an increase in return:
J200: 99% BTC: 1% Increase in return of 19.5%
J200: 90% BTC: 10% Increase in return of 72.2%
J200: 80% BTC: 20% Increase in return of 130.9%