In trading, you need to use an effective strategy. Not every trader has the skills and knowledge to develop it. The popular working style is to alternate between short-term deals and long-term investments. In any case, the trader will inevitably face problems. What coin to make quick deals with, and what token to choose as an investment tool? Cryptocurrency trading signals or just crypto signals help traders in solving these problems. They are formed as a result of serious analytical work. Not every user can do it.
All calculations are given in accordance with the statistics published at the time of 2019, because only after the close of the 4th quarter, you can conduct a comparative analysis. In 2019, despite the unstable market situation, BTC significantly outperformed other cryptocurrencies. Performance indicators emphasize the nature of BTC as an effective means of hedging global risks and stagnation, as well as a highly profitable asset. With a simple buying and holding strategy, BTC could give investors 90% of its annual return in 2019. By comparison, the Nasdaq, one of the world’s most popular market indices, rose 38%, while the SPX grew about 30% a year. Despite the rather outstanding figures, these figures look small, compared to the profitability of BTC.
Just a year ago, Bitcoin was worth about $ 9,000. Today, for one coin, the owner can already gain $ 50 + thousand. At the moment when cryptocurrencies are a hype topic, many people especially want to dive into it. Suddenly I won’t have time, right? But how to enter this world correctly? What questions should a future crypto investor or trader clarify for himself?
The cryptocurrency market is rightly considered one of the most interesting and promising for investment. Despite the serious volatility, investing in virtual money provides high returns, which are significantly higher than any alternative investment options.
The popularity of electronic payments in the world is growing rapidly, new projects and payment systems appear every month. The foreign exchange market changed significantly when cryptocurrencies began to be traded. These digital currencies emerged in 2009 and have already achieved immense popularity, and their value depends primarily on the demand for them. What is the appeal of cryptocurrencies?