Trading cryptocurrencies (digital currencies, icos, tokens) involves a lot of uncertainty and different variables need to be taken into account compared to trading fiat currencies. fiat currencies generally have less volatility compared to cryptocurrencies. Traders who have traded in other markets such as stocks and commodities have repeatedly mentioned that the cryptocurrency market is the most unpredictable place in the world right now. when faced with this kind of unpredictability, you need to be ahead of your game to be profitable.
Volatility in the crypto markets is nothing to rule out, if you’ve followed the price of bitcoin (1., 2.) for the last year alone, you probably know why we feel the need to mention it. Since March 2017 alone, the value of bitcoin has increased in value several times in terms of fiat money and has also experienced many ups and downs. bitcoin exchanges and data websites help you keep track of the latest performance trends and design a solid strategy of your own.
Reading: Best bitcoin prediction
Each market has AI-based market prediction (forecast) services to assist new and veteran traders in building their portfolio. digital assets have also seen these services emerge as the market is growing at an unconventional speed. These forecasting services include predictions on volume, future price, latest trends and compare it to the real-time performance of the market. walletinvestor is one of these AI based price predictors for the cryptocurrency market and although we are quite popular in the space, we also kept our original business model which means we keep our service free to use for everyone.
Due to huge market fluctuations, relying solely on predictions is not considered a viable option at all. If you are looking for a simple solution to solve all your problems, like a price prediction, you are putting your considerable investments at greater risk. You can use these predictors to make an educated guess about the future of cryptocurrencies, but keep in mind that breaking news and global trends can have a huge and unforeseen impact on the price. but ultimately, if you want a good return on investment and reduced risk, you can add our tool to your research portfolio. always build a proper research methodology consisting of fundamental research, trading analysis and additional tools like our forecasting feature.
If you look at the walletinvestor model, predictions have been made for the future of the most popular cryptocurrencies. We are designed to follow the long-term trend of the particular coin, as short-term swings in altcoin prices can occur as a result of a massive fluctuation in bitcoin. therefore, special emphasis is placed on long-term investment strategies such as buy and hold, which have proven to be quite successful for amateur investors. Many people now like to invest their savings in bitcoin and other virtual currencies for the long term without having to do the difficult research required for short-term investing.
This is an attempt to attenuate and filter noise in asset graphs. Even if it’s not going to be a perfect model, you can always check it out to see where the trend of your chosen cryptocurrency is expected to go. Given that bitcoin has been on an upward curve for several years now, we can safely predict the growth of the global cryptocurrency market in USD terms. remember though, there will always be pullbacks, there is one almost every quarter, but it is important to see that the market has always had a higher base before from where we could continue our journey. therefore, it is a safe thing to consider these market predictions when investing in digital currencies for the long term. this approach is also called hodl in crypto circles and has proven to be very successful!
There are other advantages to using walletinvestor as your go-to portal for digital assets. In addition to the forecast feature, you can also use our system as a regular statistics portal to learn about the latest trends in cryptocurrencies, such as market capitalization statistics, volumes, list of exchanges and much more. this information is valuable for both short-term and long-term decision-making. there are many helpful graphics to accompany the most important information. another important part of our website is the magazine section where you will find daily news, trading tips, price analysis tips, charts, coin recommendations that will help you with your fundamental research.
We also have a handy cryptocurrency calculator and converter that converts currencies according to their respective prices. It is important to mention that fiat currencies do not have a direct role in the correlation between different cryptocurrencies. even if bitcoin dips against fiat currencies like the dollar and euro, it could be rising against ripple and ethereum. therefore, you can make smart transactions without having to worry about fiat currency conversion fees.
There is also a conversion history section below the converter which can be extremely helpful. you can see the latest conversions, which our users have verified between different cryptocurrencies and fiat currencies. could tell you a thing or two about the current and future trend of cryptocurrencies. If the value of bitcoin in dollars is calculated frequently, then it shows that there is a trend towards selling bitcoin and the price could fall. If the eth to btc conversion shows up in the history, there is a strong possibility of an exodus from ether and its price could drop against bitcoin.