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A Beginner’s Guide To Password Management

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Online Password Management is a booming industry.  Maybe you’re “one of the millions of Americans using the most popular passwords, such as ‘password,’ ‘trustno1,’ ‘abc123,’ ‘monkey’ or ‘letmein.’”

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 If so, you’re at risk, as Morgan Slain, CEO of SplashData, a provider of password management applications, warns. He explains, “Hackers can easily break into accounts just by repeatedly trying common passwords.”

1Password By AgileBits (https://agilebits.com/)

With 1Password, passwords are stored on locals devices and backed up to the cloud. The password file itself is password protected and encrypted, and one need only remember a single password and 1Password handles the rest. Their desktop provides a plug-in for the top browsers and mobile platforms as well. As Jonathan Lyons of Lyons Digital Media, LLC imparts, “With the constant syncing to the master file in the cloud, I’m never out of date on a password and I always have a password wherever I am on whichever device I’m using. I just love this software.”  

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1Password can be used “to store all of our passwords, software serial numbers, credit cards, and other important information. 1Password has dramatically increased our security by allowing us to easily use random and complex passwords that are different for each service. It also speeds up the login process within the auto fill hot key of passwords, address forms, and billing details.”

LastPass (https://lastpass.com/)

LastPass is a browser extension that remembers all of your passwords across multiple computers and devices.  Matt Ramos, Director of SEO at LocalVox Media Inc., says he is “currently managing 500+ passwords in LastPass. Fighting with forms is no longer a problem. Every password I’ll ever need is always at my fingertips.” LastPass comes with mobile, as well.

Dashlane (https://www.dashlane.com/en/)

Dashlane syncs across multiple devices, remembers credit card information and autofills whenever a page requests your contact and password/billing info.

RoboForm (http://www.roboform.com/)

Kevin Varnon, an MBA, uses RoboForm.  RoboForm has been around the block, having been around since 1999, the company “has been simplifying password management for nearly 15 years.” RoboForm offers phone support and includes syncing, backups and use on multiple computers and mobile devices (up to 10 logins).” They boast the age of their users ranges from 9-99.

Password Plus https://itunes.apple.com/us/app/passwords-plus-secure-password/id486941825?mt=8

A popular password management app  for iOS, Android, Windows and Mac. Easily downloadable from the iTunes store.

MobileVaults

MobileVaults “lets you forget remembering and changing passwords.” According to Gyle Iverson, CEO & Co-founder of MobileVaults, “…no competitive password managers exist that automatically and safely store, manage, type, and change passwords. We also wanted to store passwords on our smartphone to keep physical control, have our passwords changed for us automatically to protect us from hackers, and use proximity connections with laptop or tablet web browsers as passwords are needed.” MobileVaults plans to launch in November.

The Old School Way

You could, for instance, use a spreadsheet. That’s what Breck Carrow, President of StopSpreadsheetErrors LLC, does.

“My business and personal data are on separate tabs and each tab isorganized into categories for easy retrieval. Also included are a hyperlink to the pertinent website, logon name, multiple security clues, reference email account and the last revision date. The ability to peruse all of this data at once also facilitates the establishment of unique logon data sets, thus avoiding duplication. And yes, the file is password protected.”

Carrow defends his “low tech” approach to password management. “…it is simple and secure, there is no system to learn, nothing to purchase and it is inaccessible to hackers on the cloud. Even though cars have new high tech accident avoidance systems, anti-lock brakes and SRS airbags, the low tech seat belt is still the most effective safety feature. Sometimes simple is better.” (http://www.stopspreadsheeterrors.com)

David J Dunworth, Founder of BlueStone Networks LLC, devised quite the imaginative system for password management. It even allows him to manage his passwords from the grave. He chose a word that had nothing to do with him. A simple word. He then found a simple word that reminds him of that word. This simple word is used on sites with no financial data, address, phone number and so on. Dunworth then changed that word with capital letters and symbols strategically placed for other sites, clubs, etc.

Jumbled words

He further changed that same word and symbol combination with extensions of additional words and symbols. He then identified one letter or symbol to represent each variation of the password, and keeps a simple one or two digit code listing near his desk. He files a complete list of the code and what it stands for in his “after I’m gone” secret file that only one family member knows of. He describes his process in detail:

 

According to Dunworth, “There is sufficient differentiation between each of the passwords, and the code is progressive as you utilize them.” His process is “a take on the old OICU812, only using symbols to replace letters that you can remember. Extensions of OICU812 are OICU8124me, OICU8122day,OICU812UC.

Brian Pancoast, President of The Pancoast Concern (http://mrktpros.com/), prefers an old-school way of password management as well. He laments how, while managing three companies, he had issues with upgrading his password keeper alongside the new technology of the day. At first, it was palm pilot, then a Blackberry. When he tried to export/import his passwords, it was incompatible. When he got a Droid, he had the same problems. When he upgraded to the iPhone, he decided to go old school.

“After watching the movie ‘Ghost’ I figured if a little black book was good for Patrick Swayze its good for me. I have had no compatibility issues since.

Featured image from Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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Justin O'Connell is the founder of financial technology focused CryptographicAsset.com. Justin organized the launch of the largest Bitcoin ATM hardware and software provider in the world at the historical Hotel del Coronado in southern California. His works appear in the U.S.'s third largest weekly, the San Diego Reader, VICE and elsewhere.




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Altcoins

Cryptocurrency Investing: What is a Healthy Portfolio and Where Does Bitcoin Stand

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Over the past 12 months, year-to-date, bitcoin has fallen behind Ripple, Litecoin, and Ethereum in terms of price growth.

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Bitcoin’s Year-to-Date Return

Bitcoin still has recorded a massive price increase of 14-fold, from $1,000 to $14,000. But, other cryptocurrencies in the market such as Ripple have recorded a staggering 163.5-fold increase in value. Merely a $1,000 dollar investment in Ripple in the beginning of 2017 would have led to a profit of $162,500, while an investment in bitcoin would have led to $14,000.

Yearly bitcoin price growth provided by Coinbase

The top three cryptocurrencies in the market bitcoin, Ethereum, and Bitcoin Cash have less potential to increase by large margins in comparison to cryptocurrencies with market valuations of less than $10 billion. Unless the entire cryptocurrency market surges exponentially and the valuation of the market grows to many trillions of dollars by the end of 2018, in the short-term, it is unlikely that leading cryptocurrencies including bitcoin, Ethereum, and Bitcoin Cash will record an astronomical surge in value, by more than 100-fold.

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Billionaire hedge fund investor Mike Novogratz, Fundstrat’s Tom Lee, and highly respected financial analyst Max Keiser have established an interim price target of bitcoin at around $50,000, which would place the market valuation of bitcoin at $1 billion. Solely in terms of price growth, a $50,000 target would be a 3.5-fold increase in value over a 12-month period.

Consequently, many investors in the market have started to diversify their investments into other cryptocurrencies, and the trend has been evident in the decline of the dominance index of bitcoin. Three cryptocurrencies at the top of the market are considered as reserve assets or safe haven assets. They have low risk but low returns. That is, a low return relative to other cryptocurrencies in the market. Bitcoin, Bitcoin Cash, and Ethereum have drastically outperformed all of the currencies and assets in the traditional finance sector year-to-date.

Investors like CNBC analyst Brian Kelly and cryptocurrency-focused hedge funds spread out their funds across many cryptocurrencies with strong technologies, active developer communities, solid markets, and applicability.

John McAfee for instance, has emphasized the necessity of private or anonymous cryptocurrencies like Dash, Monero, and Zcash, as in the future, more investors will seek out for cryptocurrencies that are capable of providing a high level of confidentiality.

Combination of Low-Risk and High-Risk Cryptocurrencies

A healthy portfolio of cryptocurrencies would be a certain amount of funds spread across both strong low-risk cryptocurrencies like bitcoin, Ethereum, and Bitcoin Cash, and high-risk cryptocurrencies with lower market caps like Monero, Zcash, and Dash.

Squeeze, a prominent cryptocurrency trader, noted that price is not an accurate representation of the size of a cryptocurrency. Rather, investors should consider the market valuation of a cryptocurrency to decide its potential and space to grow.

“For new investors in crypto, think in market cap. Not price per coin. Market cap gives an estimate of the potential growth. Price per coin doesn’t mean anything as the supply for each altcoin differs $0.1 per coin doesn’t mean it’s cheap $100 per coin doesn’t mean it’s expensive,” said Squeeze.

An example of a high market cap but low price cryptocurrency is Ripple. The market valuation of Ripple is at nearly $40 billion but its cryptocurrency remains at $1. Meanwhile, Dash, Litecoin, and Monero have tokens valued at more than $300. Yet, their market valuations are substantially lower than that of Ripple.

For investors and bitcoin holders that have seen significant returns over the past few years, diversifying funds across unique and potent cryptocurrencies could lead to better returns in the short-term.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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3.4 stars on average, based on 3 rated postsJoseph Young is a finance and tech journalist based in Hong Kong. He has worked with leading media and news agencies in the technology and finance industries, offering exclusive content, interviews, insights and analysis of cryptocurrencies, innovative and futuristic technologies.




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Analysis

On Speculative Bubbles, Strategies, FOMO, and Early Exits

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In the 16 years that I have spent observing and trading the markets, there were several incredible events that changed how I look at investments. The bull market in stocks that is fuelled by free money, the Lehman-Crash, and the Dot-Com bubble were among them. To be clear, the current cycle in cryptocurrencies is not one of those, even as some of the coins routinely double daily.

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Why is that? Because the dynamics behind the moves are familiar; precious metals in 2011, the Chinese stock market a couple of times in the past 10 years, oil in 2008, the Dot-Com bubble, and so on. All of these trends had an eerily similar dynamic, although the exact path of price movements and the volatility of the moves differed substantially.

“History doesn’t Repeat itself but often Rhymes”

Allegedly Mark Twain observed that, and I couldn’t agree more. As a certain topic goes through boom-bust cycles with spectacular gains and higher and higher bottoms, it naturally draws in new investors that are standing on the sidelines waiting for confirmation of some sorts.

After a while, as publicity rises, the success stories go mainstream, and the number of participating investors multiplies, the market reaches an inflection point where the influx of capital won’t be enough to hold the marginal selling by the already invested public. To be precise, this inflection “point” is sometimes a longer period of grinding gains, one blow-off advance, or another topping pattern such as a double top for instance.

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Tha Nasdaq Bubble and the Aftermath

Here is the catch though; in advance, you never know when this point arrives, as the pool of potential investors, the willingness of the previously entered investors to hold, and several other factors are unknown. That said, as the market matures, it will be harder and harder to sustain the gains that drove the valuations far from reality already, and the market will be more and more similar to an old-fashioned pyramid scheme, where the last entrants lose almost everything.There were several potential tops along the way, just as it has been the case with BTC, and the majority of the most successful long-term investors sold very early, in line with their tested strategies.

The Crypto-Boom is Legit, But…

(more…)

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.7 stars on average, based on 103 rated postsTrader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.




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Trading 101

Trading 101: Moving Averages and Moving Average Strategies

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What are Moving Averages?

Moving Averages are among the most popular trend indicators in Technical Analysis. They provide a simple, yet powerful visualization of the ongoing trends in an asset. They are used for a wide variety of reasons, primarily for trend following and reversal strategies.

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Simply put moving averages are connected points calculated for every day (or whatever the timeframe is). The calculation itself is simple; you take a given number of previous days and calculate their average. Of course, you don’t have to do the calculations yourself. All basic charting software and trading platforms do the math for you and plot the moving average (or up to dozens of averages for that matter) on the chart of the asset.

How to Interpret Moving Averages?

(more…)

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Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.7 stars on average, based on 103 rated postsTrader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.




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