Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann Bit.tube: RealCryptoTips Check out the new hardware wallet Ellipal HERE: https://order.ellipal.com/?ref=5c08236b8e68e Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW: OTC basics: https://bitcoinexchangeguide.com/otc-bitcoin-tradings-impact-on-the-price-of-btc-and-cryptocurrency-tokens/ More details: https://blockonomi.com/bitcoin-otc/ CoinMarketCap: https://coinmarketcap.com/ BTC RichList: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html LTC RichList: https://bitinfocharts.com/top-100-richest-litecoin-addresses.html Today let’s take a look at what OTC trading is, and how it can affect the price of Bitcoin. OTC is a phrase you might have heard floating around this space, along with the implications that it’s this mysterious place where lots of BTC changes hands. So right off the bat, OTC stands for Over the Counter, which means that they are trades that aren’t published on the public order books of crypto exchanges. These trades are facilitated thanks to companies who work with institutional investors and whales. Average OTC trades range from $75,000-250,000 but they can also certainly reach into the millions of dollars’ worth of BTC as well. Some companies that offer these services include: Jump, Circle and Cumberland. There are lots of reasons why a whale would want to conduct these trades over the counter instead of on a public exchange. They might want to keep their identities out of the hands of something like a massively public centralized exchange. They might not want to immediately and directly affect the price of the coin they want to trade. At this point you might be wondering how OTC trades are able to affect the price of BTC at all if they are indeed meant to be private. Like it or not, whales play huge roles in determining the overall sentiment of the crypto markets. They can affect the markets intentionally, like the manipulation I explained in a past series. Or this can happen unintentionally just by their very existence. You can monitor the richest wallets of the coins that you are interested in and see what those wallets are up to. Are they accumulating? Are they decreasing? Lots of people in this space are thirsty for any kind of indication for what the future holds in terms of price. Being able to decipher what is happening behind closed doors is something we are all able to do because remember, these are public bloc ... https://www.youtube.com/watch?v=iAcoS88Gsgo

Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW FCoin: https://www.coindesk.com/new-crypto-exchange-draws-fire-over-controversial-business-model/ https://support.fcoin.com/hc/en-us/articles/360005096773-Regarding-FCoin-s-Revenue-Distribution-Mechanism Bibox: https://www.marketbeat.com/cryptocurrencies/bibox-token/ https://www.cryptoglobalist.com/2018/05/21/three-facts-why-bibox-token-bix-has-been-bullish/ Halo: https://www.haloplatform.tech/ https://steemit.com/cryptocurrencies/@andrewingram/halo-crypto-trading-evolved-part-1 Blocknet: https://www.blocknet.co/ https://coincentral.com/blocknet-block-beginners-guide/ https://www.reddit.com/r/theblocknet/comments/676buj/ https://github.com/BlocknetDX/blocknet-docs/blob/master/blocknet-staking-guide.md FCoin is a centralized exchange based in China that was founded by the same man who was the CTO Huobi. It was launched only a couple of months ago. Here are some notable aspects to the design of FCoin: Total of 10 Billion supply, awfully big number Trans-fee mining 51% of all FCoin will go to the public, 49% is allocated to FCoin itself and its investors. Instead of going the ICO or airdrop route, FCoin’s method of coin distribution is different. You just need to make a transaction, or trade on the exchange, pay the transaction fee in BTC or ETH and you’ll get that equal amount back in FCoin. I mean, technically it’s different from an ICO, but the concept is the same. The benefit for holding FCoin is that 80% of the fees collected are distributed in the form of BTC to all holders of FCoin. If the only real benefit for holding FCoin is to ultimately receive more Bitcoin, it seems the motivation to make trades decreases considering that you still pay 100% of the fees in BTC or ETH. This next one seems a bit boring compared to FCoin, but it’s still new and has potential all the same. Bibox: (BIX) Much like the other exchanges covered in Part 1 of this series, Bibox is a Chinese exchange that has a native token called BIX, it’s an ERC20 token actually. Bibox distributes 20% of its profits to BIX holders on the condition that you make at least one trade a week on that exchange.This one has the same mod ... https://www.youtube.com/watch?v=afRXyRSd-NY