Why It's Easier to Succeed With communication platform Than You Might Think

[Kilby Duong]

If you have been investing in cryptocurrency, you know that considering the market conditions is of paramount importance. As an investor, you should be aware of what's going on with different currencies and what other traders say about the future.

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Therefore, if you want to make wise investment decisions, it's better to consider the predictions about cryptocurrency. Fortunately, there are a lot of sources on the web that allow you to research and look for predictions. This can help you stay ahead of others in the market. Make sure you stay away from fraudulent people and other schemes that claim to make you rich overnight. Given below are a few credible sources of predictions that can help you achieve success as an investor.

TradingView

If you are looking for a reliable source of predictions, check out TradingView. This platform offers great charting tools that everyone can use. It doesn't matter whether you are a beginner or advanced user. This platform lets you know how different types of cryptocurrencies behave with the passage of time. So, you can predict their behavior down the road.

One of the main reasons this platform offers reliable predictions is that it has a vast community of experienced investors who are always ready to share their knowledge. As a matter of fact, over 3.3 million active investors are part of this platform.

Finder.com

Finder is your ideal source if you want to get valuable insight into the future of cryptocurrency from different, reliable authorities. Actually, Finder consults the experts in finance and cryptocurrency on a regular basis and publishes their predictions for other investors.

Also, the platform works with panelists from different industries, such as news, finance, and technology. Based on the discussions with these professionals, Finder can make accurate predictions.

Bitcoin Wolf

Bitcoin Wolf is another great platform that can provide accurate predictions about cryptocurrencies. By joining the chat room of this platform, you can chat with other experienced investors around the clock. Aside from this, you can benefit from the other excellent features offered by the platform, such as real-time alerts, peer advice centers, technical analysis, and so on.

This place is the best platform where you can talk about the future of these currencies. And the great thing is that the experts will give you a deeper insight into this world, and help you make informed decisions.

As far as investing in cryptocurrency is concerned, make sure you do your homework first. It's a great idea to consider the predictions so you can make the right decisions down the road. You need to pay heed to what other experienced investors think about the future. Aside from this, you might want to get the viewpoint of experts in the industry.

Final Thoughts

So, if you check out the above sources, you will be able to get an insight into the minds of other investors in the industry. By doing so, you can make better decisions, which will make sure your business becomes profitable. It's better to check out predictions on a regular basis.

This year we can observe that cryptocurrencies tend to move up and down even by 15% of value on a daily basis. Such changes of price are known as a volatility. But what if... this is totally normal and sudden changes are one of blockchain the characteristics of the cryptocurrencies allowing you to make a good profits?

First of all, the cryptocurrencies made it to the mainstream very recently, therefore all the news regarding them and rumors are "hot". After each statement of government officials about possibly regulating or banning the cryptocurrency market we observe huge price movements.

Secondly the nature of cryptocurrencies is more like a "store of value" (like gold had been in the past) - many investors consider these as backup investment option to stocks, physical assets like gold and fiat (traditional) currencies. The speed of transfer has as well an influence upon volatility of the cryptocurrency. With the fastest ones, the transfer takes even just couple of seconds (up to a minute), what makes them excellent asset for short term trading, if currently there is no good trend on other types of assets.

What everyone should bear in mind - that speed goes as well for the lifespan trends on crypto currencies. While on regular markets trends might last months or even years - here it takes place within even days or hours.

This leads us to the next point - although we are speaking about a market worth hundreds of billions of US dollars, it is still very small amount in comparison with daily trading volume comparing to traditional currency market or stocks. Therefore a single investor making 100 million transaction on stock market will not cause huge price change, but on scale of crypto currency market this is a significant and noticeable transaction.

As crypto currencies are digital assets, they are subject to technical and software updates of cryptocurrencies features or expanding blockchain collaboration, which make it more attractive to the potential investors (like activation of SegWit basically caused value of Bitcoin to be doubled).

These elements combined are the reasons why we are observing such huge price changes in price of cryptocurrencies within couple of hours, days, weeks etc.

But answering the question from the first paragraph - one of the classic rules of trading is to buy cheap, sell high - therefore having short but strong trends each day (instead of way weaker ones lasting weeks or months like on stocks) gives much more chances to make a decent profit if used properly.