Singapore takes the top spot, followed by a tie between Switzerland and Canada. Singapore ranks #1 as the country most interested in the Ethereum Merge, based on a new worldwide research study by CoinGecko, the world’s largest independent cryptocurrency data aggregator.

The research examines global Google Trends data of English search terms frequently used by people interested in the upcoming Ethereum Merge. These terms were then combined to give each country a ‘total search score’ to discover which countries have been the most interested in the Ethereum Merge after the Gray Glacier Hard Fork on June 30, 2022.

With a total search score of 377, Singapore leads by a landslide, with its population having the highest search levels for phrases ‘Ethereum Merge’, ‘ETH Classic’ and ‘Ethereum’ worldwide, and sees the second-highest search levels for ‘ETH merge’, after Switzerland.

Switzerland and Canada draw a tie, both placing second with a total search score of 286 each. While the Switzerland population has the most searches for ‘ETH’ and ‘ETH Merge’, Canada ranks highest globally for the term ‘ETH PoW’, an abbreviation of the Ethereum Proof of Work consensus mechanism.

Germany, the United States and Turkey see highest search levels for the term ‘Ethereum PoW’ (Ethereum Proof of Work), and Netherlands and Australia rank third and fourth in search levels for ‘ETH Merge’. These countries, alongside Singapore and Switzerland, contribute to worldwide search levels for ‘Ethereum Merge’ and ‘ETH Merge’, and make up 16% of the study’s total search score.

Among these top 8 countries, ‘Proof of Work’-related searches are 169% more than ‘Proof of Stake’-related searches, and ‘Ethereum’ and ‘ETH’ searches are 40% higher than ‘Ethereum Classic’ and ‘ETH Classic’ searches.

The Ethereum blockchain’s Merge is a milestone event in the cryptocurrency industry. The Merge refers to the long-awaited upgrade of the Ethereum blockchain, where it will merge with the Beacon chain. This will represent a shift from a Proof of Work to a Proof of Stake consensus mechanism, and aims to increase its scalability and security. Preparations for the Merge are currently taking place, and the Merge is expected to complete between September 13 and 15, 2022.

Bobby Ong, COO and co-founder of CoinGecko commented on the findings: “Anticipation for the Merge is at an all-time high, as its effects will ripple throughout the entire cryptocurrency ecosystem. The top 8 rankings in this list seem to encompass countries with strong Ethereum communities, which might explain their high search scores in this study.

On a more technical level – there is a slew of miners who want to continue mining the Proof of Work version of Ethereum, which will likely result in the formation of multiple, contentious hard forks post-Merge. It is therefore unsurprising that search terms like ‘Ethereum PoW’ and ‘ETH PoW’ trend higher in these last two months.”

The research examines global Google Trends data of English search terms frequently used by people interested in the upcoming Ethereum Merge, namely ‘Ethereum Merge’, ‘ETH Merge’, ‘Ethereum’, ‘ETH’, ‘ETH Classic’, ‘Ethereum Classic’, ‘Ethereum PoW’, ‘ETH PoW’, ‘Ethereum PoS’ and ‘ETH PoS’. ‘PoW’ and ‘PoS’ are abbreviations for Proof of Work and Proof of Stake respectively. Other similar terms were considered but later omitted from the data set due to insignificant or insufficient data.

These terms were then combined to give each country a ‘total search score’ to find out which countries have been the most interested in the Ethereum Merge, from July 1 to September 4, 2022.

About CoinGecko

Since 2014, CoinGecko has been a trusted source of information by millions of cryptocurrency investors. Its mission is to empower the cryptocurrency community with an in-depth, 360-degree overview of the market. CoinGecko delivers comprehensive information from thousands of data points such as price, trading volume, market capitalization, developer strength, community statistics, and more. It currently tracks over 13,000 crypto assets from over 500 exchanges worldwide. For more information about CoinGecko, visit www.coingecko.com.

The post <strong>CoinGecko Reveals Top 8 Countries Most Interested in the Ethereum Merge</strong> first appeared on NAZING written by Olivia Bradley

Since its launch, Bitcoin (BTC) has emerged as the most stable cryptocurrency, thanks to its positive adoption, enhanced safety, and stability. Bitcoin is a digital currency that operates free from the influence of any central authority such as a bank or government.

It depends on peer-to-peer software and cryptography and its transactions are recorded in a public ledger.

Many global leaders have come forward in the support of Bitcoin and one such global leader is Carl Runefelt, alias, The Moon, who believes that Bitcoin is the best form of money. He says, “Bitcoin is genuinely game-changing and that it represents a massive transformation for the global economy and, indeed, the whole globe. It represents a paradigm change.”

He believes that Bitcoin has the potential to change the global financial system which is mired with the challenges of fiat such as inflation and corruption.

As Bitcoin is gathering widespread recognition, its trade charts present an excellent opportunity for individuals to understand it. Bitcoin trade chart in the recent past formed a McDonald’s pattern “M” that was some news for many. This pattern was promoted by many as it showed Bitcoin fluctuations over a period.

Let us find how important is Bitcoin for a secure future of cryptocurrency.

Understanding the Importance of Bitcoin

Bitcoin has gradually become the most stable and profitable cryptocurrency because of its increasing demand and higher value. The Bitcoin ledger ensures better profits and enhanced safety to individuals. Carl believes that Bitcoin presents the best opportunity for investment to anyone in the coming five to ten years.

He says, “I think within five years we’re gonna have another 10 countries at least that have made Bitcoin legal tender and I hope it’s big countries but even if it’s small ones I think it’s very cool.”

According to him, “The best reason to invest in Bitcoin is the absence of physical institutions that enable people to make transactions without any hassles. Bitcoin is getting popular with time as many believe it to be the best alternative to fiat.”

Carl further says, “Bitcoin now is accepted in more countries than gold as legal tender that means that Bitcoin is now more useful than gold which has been the form of money in the world for many years.” He is pushing for a crypto-based global economy and shares valuable information about Bitcoin on his YouTube channel, The Moon.

Is Bitcoin Safe?

Cryptocurrency is highly volatile, and its value can fluctuate at any time. However, Bitcoin has emerged as the most stable cryptocurrency, thanks to its safety protocols, which are designed in a way to give a fixed value to a single Bitcoin. The supply and demand of Bitcoin are more stable than other cryptocurrencies as extra Bitcoins are halved over the years.

Bitcoin has a clear edge over fiat as its entire blockchain is encrypted which eliminates the risk of fraud and corruption. Carl believes that Bitcoin would soon become the legal tender worldwide. He says, “Just a big shout out to El Salvador because being the first country out there like this is huge and this is going to put Bitcoin in the big main stage like it’s just going to be huge is there any country in the world that has gold as their legal tender because honestly, I don’t think so.”

Carl is pushing for the mass adoption of cryptocurrency and believes that cryptocurrency is better than fiat and gold. On buying his new watch with cryptocurrency, he said, “If I’m gonna pay exactly what this watch is worth then I’m gonna have to either find a gold bar which is exactly the right weight or I’m gonna have to use a bunch of small gold bars and either way it’s not gonna be very easy but with a crypto, I can send the exact amount and within seconds or minutes.” According to him, Bitcoin is set to reach unprecedented heights in times to come and its mass adoption will help get rid of fiat.

The post What Is a Bitcoin McDonald Pattern? first appeared on NAZING written by Olivia Bradley

Bitcoin margin trading is one of the most important concepts every crypto trader should be familiar with, especially if they are new to the crypto space. Margin trading is one of the most well-known forms of crypto trading. It presents its set of benefits but since it is also a high-risk venture, there are some drawbacks to know about as well.

Knowing about different forms of trading or trading strategies can help the novice parties in determining what kind of trading they should opt for and how they can have a good crypto trading experience with minimum inconveniences.

Therefore, trading Bitcoin for beginners can become easier and less stressful if they learn what margin trading is and some of its relevant factors.

As a novice crypto trader here are the basic details of margin trading you should know.

Bitcoin Margin Trading – Understanding the Concept

As mentioned earlier, margin trading is one of the forms of trading and is a high-risk venture. It is also called leverage trading and offers possibilities for crypto traders to get big benefits. However, the benefits are never guaranteed, regardless of which trading strategy you opt for or what exchange you choose. It depends on other factors as well and a trade can go south due to several factors.

However, learning about the concept of trading and about other relevant factors can make the experience a bit simpler and more convenient. This is why, it is advisable to all new crypto trader to take their time and learn as much as they can about crypto trading or margin trading so they can identify what kind of mistakes to avoid and more.

The basic idea of margin or leverage trading is that traders can borrow funds from the brokers, which allows them to open bigger trading positions. Bigger trading positions means bigger profits and bigger losses. This is why, margin traders need to be careful before they begin.

The details and information mentioned here can make margin crypto trading easier for the beginners in terms of what to expect and how to trade with margin and more.

How do People Trade with Leverage?

Bitcoin margin trading for beginners can make more sense if they take time and understand how it actually works. The best way to understand a complex concept is to consider an example that can simplify multiple aspects of this form of trading.

However, before we consider an example, it is important for you to know that different exchanges offer support to different leverage ratios. Some of the highest leverages offered in the market are 100x, 101x, 125x and 250x.

Therefore, before you start margin trading you must choose a platform according to the leverage ratio it offers to the traders.

Here is an example of margin crypto trading for beginners.

Let us suppose you are a crypto trader and you choose a crypto platform that offers support to a leverage ratio of 10:1. This means that you can choose to open a trading position for $10,000. Out of this amount, you will only be required to add $1,000 from your pocket.

Since you will be able to open a position for $10,000 the profits (if any) you get will also be huge. However, if the trade does not go well the losses can also be huge. Therefore, before you dive into Bitcoin margin trading, it is important to be familiar with the concept as thoroughly as possible.

Helpful Tips and Relevant Factors to Consider

Trading Bitcoin for beginners through margin trading can be a lot easier and less stressful if the interested parties are aware of some useful tips and essential factors that play a part in a somewhat successful margin trading experience.

The tips and factors mentioned here can eliminate unnecessary obstacles and risks for people who are new to the crypto space but want to start Bitcoin margin trading.

• Always start with a small amount.
• Analyze the market movements.
• Be mindful of the leverage ratios offered by each exchange.
• Carefully choose an exchange that supports leverage trading and suits your needs.
• Do not begin trading without proper information.
• Do not go all in if you are a new crypto trader.
• Familiarize yourself with the concept of liquidation.
• Know how much fee you will be required to pay.
• Know how to manage your risks.
• Know the fundamentals of margin trading.
• Learn about short-term trading.
• The profits of margin trading are never guaranteed.

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Final Takeaways!

There are several aspects to know about Bitcoin margin trading, especially for people who are new to the crypto space. Knowing about some helpful tips and relevant factors can help make the overall experience less stressful and more convenient.

The post Basic Details to Know About Bitcoin Margin Trading first appeared on NAZING written by Olivia Bradley