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What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto

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What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto
What is cryptocurrency? “jeopardy! ” features entire category on crypto

Is cryptocurrency becoming more mainstream? It could be if one of America’s most prominent game shows features an entire category devoted to it.

The November 29, 2018, episode of “Jeopardy!” — which has been on the air since 1964 — offered five unique questions centered around cryptocurrencies and their technology to test out its contestants’ knowledge on the subject: The results reveal that they did indeed know their fair share.

The “cryptocurrencies” category occurred in the game’s first round, with answers worth $200, $400, $600, $800 and $1,000 depending on their order and level of difficulty. The category was also among the final two to be tackled by the players, suggesting they may have felt a little less confident heading into it.

The first clue, selected by Phil Tompkins, a portable restroom service technician from Indiana, was a rather basic one: “An altcoin is any unit of cryptocurrency other than this original one.” Chris Williams, a consultant from New York, responded with the correct answer: “bitcoin.”

The contestants then moved to an entirely new category before Adriana Ciccone, a data scientist from San Francisco, jumped back to “cryptocurrencies” with less than a minute to go in the round. In true cryptocurrency fashion, the stakes suddenly got higher when the selected clue turned out to be a “daily double” — meaning she was able to risk any or all of her accumulated winnings on the result of that one answer.

Ciccone chose to risk $2,500 of her $5,200 pot, and the clue that followed read, “In 2018, this South American country launched the petro currency backed by oil reserves.” After just a moment’s thought, she responded with the correct answer of “What is Venezuela?”

Two more of remaining clues — both which were answered successfully — also focused on tokens, including one about Kik’s “Kin” token and the ill-fated “Coinye” token.

The $600 clue finally got technical: “Each transaction is a ‘block’ connected in these digital ledgers that enable cryptocurrencies to work.” (Okay.) Fortunately, Ciccone was able to respond with “What is a blockchain?”

This isn’t the first time “Jeopardy!” has tested players’ knowledge of digital assets. Back in April 2018, the show featured a clue in which “What is bitcoin?” was the correct response. The clue read, “In December 2017, one unit of this cryptocurrency was 15 times more than an ounce of gold.”

In early November 2018, “Jeopardy!” was renewed through 2023. This will bring its television run to nearly 60 years. The fact that such a long-running show would feature cryptocurrencies in such a prominent way, combined with the fact that the clues were all answered correctly by men and women from such different walks of life, suggests that digital assets are indeed venturing deeper into mainstream territory.

Test your own bitcoin knowledge in our quiz:  Novice, Intermediate or Expert? A Quiz to Test Your Bitcoin Knowledge

This article originally appeared on Bitcoin Magazine.

What is cryptocurrency? “jeopardy! ” features entire category on crypto What is cryptocurrency? “jeopardy! ” features entire category on crypto

What is cryptocurrency? “jeopardy! ” features entire category on crypto

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3Commas – Smart Tools for Intelligent Cryptocurrency Traders

3Commas is a suite of “smart tools” to help cryptocurrency investors minimize risks, limit losses, grow profits, and manage their portfolios across multiple exchanges.


Saint Petersburg, Russia-based 3Commas offers experienced and beginning traders alike a suite of “smart tools” designed to help them manage their portfolios across multiple cryptocurrency exchanges while maximizing profits and limiting losses.

Before test-driving the platform, Bitcoinist sat down with 3Commas CMO Mike Goryunov to talk about what prompted the team to develop the platform in the first place:

It’s kind of a funny story because we originally built this platform for our own use only. When we showed our project to friends in the crypto community, we saw a big need for the kinds of tools 3commas has and so we decided to open the project to everyone.

3Commas opened to the public in September 2017 and, primarily through word of mouth, has grown to over 5000 active traders and an average daily trade volume of over $5 million USD.

Tools and Features

The first thing that caught our attention about 3Commas was the clean, uncluttered interface. The platform offers a simple, logical user experience whether you are accessing it via a desktop computer or mobile device. Russian and English language options are available, as well, with additional languages in the works.

Tools and Features - 3Commas Dashboard

Cryptocurrency exchange integrations

3Commas integrates with Poloniex, Bittrex, Bitfinex, Binance, and any Ethereum wallet and the process of hooking up your exchange account to the platform is fast and simple thanks to easy-to-follow illustrated documentation. Additional exchanges will be added throughout the coming year.

To minimize risk and to encourage smart trading habits, 3Commas has implemented two tools that every trader should learn to take advantage of – Trailing Stop Loss and Trailing Take Profit.

Trailing Stop Loss and Trailing Take Profit.

Trailing Stop Loss

A Trailing Stop Loss order is identical to a standard Stop Loss order in all respects except one. Both let you minimize your losses in the event of a price drop, but unlike a Stop Loss order that is set manually at a fixed price threshold, a Trailing Stop Loss order is percentage-based and automatically adjusts to price fluctuations.

For example, let’s say you purchase 10 ETH at $675 each and to minimize any potential losses, you set a Stop Loss order of 10%. This means that if the price of ETH drops below $607.50, the stop loss order will automatically execute, selling your ETH at that price.

But what if the price of ETH goes *up* during the day? A standard Stop Loss order will still only execute when the price drops below 10% of the original buy-in price. A Trailing Stop Loss order, however, automatically adjusts to the price change. So if the price of ETH goes up by 15%, the Trailing Stop Loss order would trigger when the adjusted price drops by 10%, netting you a 5% gain.

Trailing Take Profit

Just like how the Trailing Stop Loss tool is designed to minimize losses, the Trailing Take Profit tool is designed to maximize gains. Using our Ethereum example from above, let’s say you buy 10 ETH at $675 each and set a standard Take Profit order at $700. This means that you would make a profit of $25 per ETH.

But what if ETH goes higher than $700? You’ve just lost additional potential profit. A Trailing Take Profit order lets you sell at the highest part of a trend by selling at a percentage of the highest value. So if you set a Trailing Take Profit order of 10% and ETH climbs to $800 and then falls, the sell order would take effect when the price falls below $720 ($800 – 10% = $720), netting you a profit of $45 per ETH.

Custom Portfolios

3Commas Portfolios tool is a unique feature that not only lets users track their actual portfolio’s performance over time, but also lets them create custom “dream portfolios” of tokens and coins that they think could be profitable. These custom portfolios are publicly available to other users who can analyze them and even add them to their own actual portfolio.

Custom Portfolios

The Road Ahead

2018 looks to be a very busy year for 3Commas. Several new trading tools will be added, including social trading and arbitrage trading. Social trading, which we are told will be rolled out sometime in February 2018, lets users ‘follow’ their favorite traders and copy their trades.

Arbitrage trading will allow users to take advantage of price differences between one exchange and another. Essentially, traders will be able to buy low on one exchange and sell high on another.  True crypto arbitrage trading capabilities are few and far between, so the launch of this tool, in particular, should be of great interest to the crypto community.

For more information about 3Commas, or to try it out for yourself, visit 3commas.io.

Ringing in the New Year with a 50% Bonus

In true holiday spirit, and to usher in the new year in grand style, 3Commas are giving users a 50% bonus on all deposits from December 31, 2017, through January 3, 2018. No promo code is needed. Just sign up at 3Commas (or sign in if you’re already a registered user) and make your deposits. Bonuses will be credited automatically.

Ringing in the New Year with a 50% Deposit Bonus at 3Commas

Have you tried 3Commas yet? Which of their trading and portfolio management tools do you find to be the most useful? Let us know in the comments below.


Images courtesy of 3Commas, Shutterstock

The post 3Commas – Smart Tools for Intelligent Cryptocurrency Traders appeared first on Bitcoinist.com.

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