Financial markets have a custom of not shifting in straight, vertical positions. They raise in price suddenly and then experience a brief period of decrease as traders sell off their positions, followed by another raise and decrease. The market comes up and down clearly when looked at from a long-term time-frame, but when you are trading hour by hour, they cannot afford to watch a losing position fall further and further into a loss.
The market way was a clear warning sign for investors. The market way is crucial and lets you know whether you should be looking to purchase coins, take profits or move to cash. In a confirmed uptrend, most coins/tokens are likely to increase, and leading coins are more likely to deliver huge gains. In a bear market, even top-rated projects find it hard to make headway. When the market is under pressure, breakouts may happen but are more likely to fail, and other leading coins struggle.
There are several likely reasons behind the decrease. Goldman Sachs has been one of the major banking institutions which had shown real interest in Bitcoin, having funded Bitcoin startup Circle back in 2015, and reportedly mulled the idea of launching a crypto trading desk since late 2017. While the concern that institutions are mislaying interest in cryptocurrencies is a valid enough reason for caution, crypto traders become visible to be more concerned about dangers hiding in the shadows of black-market platform Silk Road. A Reddit user has pursued more than 111,000 thousand bitcoins (worth more than $700 million) associated with Silk Road, that have recently been transferred to wallets of various online exchanges, possibly with the purpose to sell. Huge amounts of bitcoins being moved to exchange wallets give traders the shakes, as it likely means a lot of selling pressure on the price. In any case, the crypto market’s upward momentum that started August has been brought to a screeching halt. The crypto world is still eagerly awaiting SEC’s decision on a few proposed Bitcoin ETFs, which should come in late September, A positive ending to that could finally give the crypto market the kick in the butt that it needs, while a negative one would likely drive the prices even lower.
We look at history when we intend to predict future events. Has there been any similar incident in the past? How did the incident end? Many people believe the future can be predicted partially. In late 2013, The price of Bitcoin went from $100 to about $1,000 after a series of very positive events (culminating in the famous Bitcoin Lovefest Senate Hearing). Many of the current cryptocurrency blockchain founders were apart of the industry, but only really got serious about the industry after this event. What followed this was a prolonged bear market that didn’t fully bottom out until January of 2016 and didn’t fully recover until 2017. While the industry kept active and continued to innovate, the market didn’t reflect this change until 2017. If we look at what the overall market looks like today, it’s easy to see a resemblance to this event I’m not one to rely on similar looking charts to make decisions about a market, but the circumstances and the subject matter are too similar to chalk up to coincidence.
Cryptocurrencies and ICOs are one of the most profitable investment instruments in the entire financial markets history. Today, no other asset class can even come close to the Return on Investment (ROI) made from cryptocurrencies. Cryptocurrencies have pretty much been a topic of intense discussion over the last few years. How many times have we heard stories of people becoming overnight millionaires and, at the same time, stories of people who lost hundreds of thousands of dollars hoping to make a quick buck?
Geco.one — The Solution For The Future Investment
Geco.one is a platform that enables you to securely invest in the cryptocurrency market using the skills and knowledge of experienced traders. Our flagship service called PAMM trading account, allows you to invest in cryptocurrency pairs by entrusting resources to experienced traders as well as providing you with all the tools necessary to become crypto- trader yourself. Geco.one provides the platform where you have full control over the most critical issues related to investment in the cryptocurrency market by providing the highest security level of transactions through our PAMM system. One of the main features is a precise trader ranking based on multiple factors like risk management strategies and the history of every transaction made. A Geco.one platform is a place where you have access to extensive knowledge supported by our experts’ in many areas such as investment, crypto-economics, and analysis of trader psychology.
PAMM trading platform is the place where skilled traders who have limited starting capital, meet investors with little time for exchange trading but want to trade and make a profit. Different managers can hold multiple PAMM accounts within a single platform. The number one goal of a trading establishment is to make a profit, as a result of this, the traders/managers of PAMM accounts, are highly skilled professionals. You can analyse the traders’ history in any specific time and area of your interest. Imagine that you can give the trader your money so he can make a profit for you when he makes it for himself. That’s PAMM. You can choose a trader’s account and join it, giving him the ability to invest your money together with his money.
The ultimate goal of the PAMM trading system is to serve as a platform to ensure constant liquidity of cash, transparent transactions and maximisation of profit for investors. Those criteria enable any user to analyse the success or failure behind the operator/investor. The
trading history allows to analyse the PAMM account age and define if the trader who operates it is someone with experience. Drawdown and profitability enable you to analyse the risk potential and investor strategy and interpret if accounts are more or less risky. The equity level on the account defines the role in the account. The higher the equity value, the more own capital PAMM manager risks during trading. Also, the number of investors who are already on the account can indicate if the trader has the confidence to deliver the promised results.
Imagine giving your money to a trader, so he can make a profit for you when he makes one for himself — introducing cryptocurrency PAMM accounts by Geco.one.
Official website: https://geco.one
White paper: https://geco.one/static/files/whitepaper.pdf
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