The Innovation Behind CryptoFollow’s Model
One of the hindrances to crypto-market’s further growth is the lack of verifiable performance history aggravated by the complexity of crypto-investing. Although this doesn’t stop the increasing number of veteran traders from stepping in and embracing the opportunities for gaining profit with crypto, many traditional traders find it rather intimidating.
Currently, first-time traders and beginner investors remain the most disadvantaged and massive group of potential crypto users. They are both equally challenged to compete with day-traders for profits. At the same time, they represent a customer segment that many exchanges so desperately need to continue growing.
As of today, many among the biggest crypto-exchanges are missing a significant trend that existed in stock markets for decades, namely, brokers trading on behalf of their clients on the stock market. Let’s face it, crypto day-trading is not for everyone, but it doesn’t mean that it should remain inaccessible for crypto investors especially at the entry-level.
Facing The Challenge
Unlike the traditional stock markets, where investors can passively select managed funds, there’s no way crypto-investors can do it without having to search for traders with proven and verifiable track records. That also puts them under a lot of risks of being approached by fraudulent brokers. Without sufficient research, many beginners buy into the so-called ‘inflated claims’ – promises of huge profits by a group of day-traders with a strong presence on social media. Many rely on social media too much when making their assessment of the broker who one day disappears with the investors’ funds. Thus, the trust continues to be an unresolved equation in the crypto-sphere.
Crypto-market is open 24/7, and the correct timing here is everything. It means you have to be vigilant at all times and you have to react to the rapid change of trends that happens in minutes due to cryptos’ high volatility.