Here Are 3 Reasons Why Copy Trading Strategies from Other Traders Makes Sense

 

  1. Profit without the usual trading chaos as a social trader

We all have to start somewhere, and trading is not an exception. Nevertheless, amateur traders with little to no previous trading experience have to master trading techniques and strategies on their own, which involves a great deal of risk. As a newcomer, you have to be really tough in order to bear the burden of analyzing news and market trends on a daily basis, to say nothing of learning to use advanced charting tools and following market signals. All these efforts often end up pushing beginners away. Social trading takes away a lot of the pressures away and provides traders with several ways to start closing profitable trades from day one.

The major advantage social trading has to offer, compared with the traditional trading opportunities, is a copy trades feature that allows everyone to copy the more experienced users of the same trading platform. Thus, newcomers are simply able to copy the experts’ elaborate trading strategies without any overwhelming preparation.

  1. Best effort-outcome ratio with Copy Trading

Among a number of outstanding social trading features, the copy trading feature provides the best effort-outcome ratio. Copy trading gives any newbie trader a chance to get easy profits by copying experienced traders. Moreover, this feature not only eliminates the newcomer’s fear of increasing their initial capital by trading, but it also allows them to quickly come up with their own trading strategies, which they will be able to use in the future.

Now, even this simple feature may sometimes raise more questions than answers when you get to the financial part of it, namely earning bonuses from getting copied.

Bonuses while trading stocks: myth or reality?

Trading platforms strive to make their award bonuses more and more appealing to traders. NAGA Trader, a German social trading platform, for example, has recently updated its bonus structure to incentivize those in the trading community whose trades are being copied and add more transparency to the scheme.

The new NAGA Trader copy trading structure allows traders to get up to €0.60 for a single copier on a trade.

There is also more to this: while those with fiat NAGA Trader accounts are able to receive bonuses in EUR, USD, and GBP, cryptocurrency stock trading bonuses can also be gained by setting up an NGC trading account.

There are some pretty straightforward conditions to be eligible for this award: the bonus can only be gained from a real-money trade held open for a minimum of 5 minutes before being closed.

Thus, not only do traders get a chance to gain insight into successful trading but the experts they are copying the trades of can gain an extra bonus on top of the profit made on their trades.

 

 

The post Here Are 3 Reasons Why Copy Trading Strategies from Other Traders Makes Sense appeared first on NewsBTC.

Here Are 3 Reasons Why Copy Trading Strategies from Other Traders Makes Sense

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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Ethereum (ETH) Possible March to $250, Up 22 Percent

  • Ethereum prices up 22 percent from last week’s close
  • Andreas M. Antonopoulos warns of technical community in-fighting
  • Transaction volumes on the rise, likely to propel prices above $170

Andreas M. Antonopoulos is against the toxicity within Ethereum’s developer community. He says this can cause fragmentation and slow down Ethereum (ETH) bulls that are up 22 percent in the last week.

Ethereum Price Analysis

Fundamentals

Open source, public blockchains do symbolize decentralization. As attractive as they may be, they can be a source of fragmentation in an otherwise stable platform. We can draw some lessons from Ethereum and Ethereum Classic.

Before the DAO attack, there was a consensus that Ethereum will follow the immutability route, the main building block of Bitcoin. In light of the “disaster,” changes were made, and immutability given a back seat leading to a new faction of maximalists including Charles Hoskinson who still believe the code is law and rectification shouldn’t be irreversible amendments. Nevertheless, a hard fork was done, and the result was the eventual recovery of lost funds but at the cost of immutability and the general integrity of the Ethereum blockchain.

Now that Afri Schoedon, a core developer and the man behind several EIPs, left, Andreas M. Antonopoulos is warning against in-fighting. As he was delivering a keynote speech at the ETHDenver, the author of “Mastering Bitcoin” and “Mastering Ethereum had this to say:

“Be careful of fragmentation … in difficulty, people become more insular in their thinking, and they start magnifying differences instead of focusing on commonalities. When things are easy, it’s easy to get along. When things get hard, that’s when you need to stop and remember the things we share rather than the things that divide us.”

Candlestick Arrangements

In the top 10, ETH is up 22 percent from last week’s close and at second place in the liquidity and market cap table. With this, it is clear that the path of least resistance is up. In a bull breakout pattern, every low is technically a buying opportunity with first targets at $170. After all, our ETH/USD trading plan is valid, and risk-off traders are in green territory after Feb 17 upswings confirmed gains of Feb 8. Once prices rally above $170, the bear breakout pattern of early Nov will be null as bulls march towards $250 and even $300.

Technical Indicators

After two weeks of higher highs, market participation is tapering as traders take their profits. What we need is a sharp break and close above $170 with the accelerants being high trade volumes exceeding those of Feb 18—677k.

The post Ethereum (ETH) Possible March to $250, Up 22 Percent appeared first on NewsBTC.

Ethereum (ETH) Possible March to $250, Up 22 Percent

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
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Bitcoin Could Swell To $1.5 Million If It Absorbs All Fiat and Gold Holdings

Bitcoin (BTC) was built to be an alternative to the traditional of finance. While Satoshi Nakamoto, the creator of the cryptocurrency, never explicitly made such a comment, many have come to understand this underlying raison d’etre.

Former Blockchain.com product manager Dan Held, for instance, once issued an extensive 47-part thread on Twitter to claim that Satoshi meant to build a new backbone fo the financial system, rather than a peer-to-peer digital cash system in and of itself.

While the crypto godfather’s dream has yet to come to fruition, some are convinced that it is only a matter of time before Bitcoin begins to make a noticeable move on fiat currencies and Wall Street.

Bitcoin Is The Hardest Money… Ever

Travis Kling, the chief investment officer of Ikigai that “fell down the Crypto rabbit hole,” recently took to Twitter to issue what he called a “bear market reminder.” In a bid to keep diehards of this space optimistic, even as the Bitcoin price has remained stuck between a rock and a hard place, he remarked that BTC remains the “hardest money we’ve ever had in the history of humanity,” echoing rallying cries touted by Saifedean Ammous.

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Alongside his innocuous, yet strong comment, Kling, a former portfolio manager at Steven Cohen’s Point72, posted an infographic from analytics provider Crypto Voices that touched on the dichotomy between Bitcoin and legacy forms of money.

Citing data from a number of sources, the Crypto Voices team claimed that the fiat supply in existence right now equates to a U.S. dollar value of about $19.6 trillion. All the gold in circulation, deemed just as important as fiat by some economists, is currently valued at $7.83 trillion. Bitcoin, on the other hand, was valued at a relatively mere $60 billion at the time they compiled the report, indicating that there is asymmetric upside potential for the cryptocurrency.

Thus, Crypto Voices noted that if Bitcoin was to theoretically absorb both gold and fiat at all the assets’ currency supply levels, BTC could swell to $1,571,316 a pop.

While this staggering price point is obviously theoretical, some argue that it wouldn’t be illogical to assume that Bitcoin could begin to eat up some, or even much of fiat money’s current hegemony.

The Argument For Crypto To Oust Fiat

Anti-establishment figure Max Keiser once told Bitcoinist that the flagship cryptocurrency is much like a monetary black hole, and will “gobble up all fiat” over time as the ongoing (in Keiser’s eyes) financial crisis continues to wreak havoc on society.

Trace Mayer echoed Keiser’s thoughts to a tee. The long-time Bitcoiner and a zealous anti-centralization thinker remarked that it’s been a mere 11 years since the 2008 recession, but that governments and society at large haven’t learned, accumulating $87 trillion more debt as humanity’s relentless lust for growth continues. In separate comments, he noted that with the advent of the Lightning Network and other innovative protocols, coupled with the eventual arrival of Wall Street, BTC will become the de-facto go-to investment for any intelligent consumer. Mayer even quipped that holding BTC will easily outpace an IRA or 401k, as the latter investments may get nationalized as debts hit the economy hard, and hyperinflation becomes the norm.

While these comments are being issued as if the legacy world of finance is already on the verge of collapse, this might not be far from the truth.

Related Reading: Bitcoin Giant BitMEX: Major Financial Crisis Could Be Several Years Away

At the World Government Summit in Dubai, the International Monetary Fund’s Christine Lagarde, deemed the 22nd most powerful person in the world by Forbes in 2018, commented that there are “four clouds” closing in on the global financial environment, even quipping that a “storm” might strike. The finance heavyweight explained that these clouds include the trade spats between the U.S. and China, quantitative tightening, Brexit, and, arguably most importantly, the “heavy debt” that governments, individuals, and corporations alike have garnered.

Ray Dalio, the co-founder of the world’s largest hedge fund, Bridgewater Associates, also made harrowing comments. Dalio recently drew eerie parallels between today’s environment and the one seen in the midst of the Great Depression. In a comment made at Davos, the world-renowned investor, who has become a market pessimist as of late, explained that from 1929 to 1932, there was a lot of “printing of money, and purchases of financial assets,” much like today.

While all the aforementioned pundits seem to be convinced that trying times are around the corner, will Bitcoin prove itself to be a perfect hedge or do commentators just have stars in their eyes?

Featured Image from Shutterstock

The post Bitcoin Could Swell To $1.5 Million If It Absorbs All Fiat and Gold Holdings appeared first on NewsBTC.

Bitcoin Could Swell To $1.5 Million If It Absorbs All Fiat and Gold Holdings

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
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Community of Ethereum joins to fight against “toxic behavior” in social networks

On Wednesday, was published an open letter signed by several members of the Ethereum community campaigning for the end of toxic behavior around decentralized communities such as Ethereum. The letter came as a result of the latest incident which saw Afri Shoedon, a respectable and significant member of the Ethereum community, quit his role in […]

La entrada Community of Ethereum joins to fight against “toxic behavior” in social networks se publicó primero en Crypto Economy.

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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Another University Endowment Invests in Crypto Fund: 2019 is the Year of Institutions

The University of Michigan’s $11.9 million endowment fund has plans to increase its stakes in a crypto fund managed by Andreessen Horowitz.

The public university said in its Regents Communication agenda that it was looking to make additional investments into the California-based venture capital firm’s CNK Fund I. Earlier, in June 2018, the endowment had committed $3 million to the same fund. However, this time, it didn’t reveal the number it plans to invest.

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CNK invests in startups involved in the cryptocurrency technology at “seed, venture and growth stage” levels. Kevin Hegarty, the chief financial officer at the University of Michigan, wrote that crypto recently became “an important area of innovation and entrepreneurship” that explains converged attention. He said that the cryptocurrency technology was becoming more visible and understandable compared to earlier.

“Crypto is currently regarded as a distinct type of technology by entrepreneurs, funding sources, and developers. By creating a separate fund, AH hopes [to put itself in a better position] within this community that would be the case by continuing to invest through its general IT funds.”

Traditional Funds and Crypto

The University of Michigan’s investment comes amidst growing speculation about institutional investments in the cryptocurrency space. Earlier this week, two Virginia pension funds invested undisclosed sums into Morgan Creek Digital’s $40 million venture fund. The same fund also attracted investment from an insurance company, a university endowment fund, and a private foundation, Anthony Pompliano, the founder of Morgan Creek Digital, confirmed.

Nevertheless, the entire crypto market remains in what is confirmed to be its most extended bear phase. In 2018, the industry lost nearly 1/3rd of its valuation owing to the death of a majority of ICO startups. Universities like Yale, Massachusetts Institute of Technology and Harvard invested in crypto funds even when market sentiments’ were weak.

“There’s a belief in the institutional world that if the industry is around for a long time, it will be [precious],’’ Pompliano told Bloomberg. “The smart money is not distracted by price but looks at the long-term trends, and believes they’re betting on innovation as a great way to deliver risk-mitigated returns.’’

Validating Bulls

Many believe that universities were principally investing in crypto assets via independent funds when the market reached its new lows. For instance, the university endowments invested in crypto funds when analysts predicted that bitcoin would bottom-out at $6,000. Chris Dixon, the general partner at Andreessen Horowitz, said that it was utilizing their clients’ capital to invest in crypto assets despite weak market conditions.

“If there is another ‘crypto winter,’ we’ll keep investing aggressively,” he stated.

The University of Michigan’s undisclosed investment also comes at a time when the crypto market is hinting to bottom-out. According to CoinMarketCap.com, the market has added $35 billion worth of capital since its December low at $100 billion.

Crypto Market Global Chart | Source: CMC

Psychologically, significant endowments/funds gaining stakes in crypto ventures prompt retailers to stay bullish about the industry. With a recovery already in process, the public university’s announcement could strengthen the buying sentiment in the crypto market.

The post Another University Endowment Invests in Crypto Fund: 2019 is the Year of Institutions appeared first on NewsBTC.

Another University Endowment Invests in Crypto Fund: 2019 is the Year of Institutions

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
—————————————————
Trezor: Hardware Wallet
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange