Unique Control Panel and Arbitrage solution to get rid of the fragmented Crypto market
Cryptocurrency trading is a hot topic nowadays. Triple-digit growth, amazing risk/reward ratios, and promising returns are only a few reasons why cryptocurrencies should not be overlooked by any smart investor. In just one year, the total market cap for cryptocurrencies rose from USD 20 billion in 2016 to USD 610 billion in 2017. The most popular cryptocurrency, Bitcoin, rose from just over USD 1.000 all the way to USD 19.000. Bitcoin is not the only coin/token; there are currently more than 1.500 cryptocurrencies in the digital cosmos, and it’s worth getting acquainted with more than just bitcoin. Here are the top ten cryptocurrencies in order of market capitalization:
Which cryptocurrency will give the highest return in 2018? How to find a coin that has a high growth potential? We should not forget that each different cryptocurrency has its own features, and there are vast differences between them. Moreover, there’s every chance that established cryptocurrencies will suddenly become obsolete in the future.
A wise advice would be to hedge against losses diversifying portfolio and actively managing the investments. There are many (reliable) digital assets exchanges we can use to reach our goal. The number of Exchanges is growing very fast: currently, there are more than 8,000 active ones, but none of them is offering more than 100 pairs to trade, the average is around a dozen. Therefore, we may need to open multiple accounts in different exchanges, only to be able to trade all the coins we have chosen and in order to have access to a wide market spectrum and a liquid place to trade the symbols we wants.
Managing a portfolio split around is not so easy and practical. We should learn and get use to how every exchange’s order book works. This is crucial for our daily trading activities because not feeling completely comfortable with some exchange platform’s front-end could turn out to be very upsetting experience especially in times of fast-market moves when sending an order few seconds later can result in significant losses. These are aspects that often are underestimated by investors, but our platform will perfectly fit traders’ needs and great attention will be given also to the smaller detail, DESIGNED BY TRADERS FOR TRADERS.
Furthermore, we should not forget the liquidity risk in our crypto portfolio. Each coin/token is liquid only on few exchanges. We can find this liquidity risk also in the top 10 most capitalized coin/token, here are few examples:
Being lazy could be dangerous for our crypto portfolio, with liquidity risk typically reflected in unusually wide bid-ask spreads or large price movements. Coinadvisor platform will deliver to users a ready-to-use APIs connection with main crypto and traditional brokers, allowing users to aggregate and manage all the accounts from one single control panel featuring our own trader-friendly order book front-end.
Last but not least, using our platform your safety won’t be compromised. We will connect to your accounts using APIs so that Coinadvisor will never store your assets. Speaking of safety, never underestimate exchange-related risks, such as, for example, the risk of get hacked like happened to MtGox in 2011. Just like the old proverb advises not to “put all your eggs in one basket”, it’s a savvy choice to spread out your assets across multiples exchanges and, again, Coinadvisor platform will turn out to be a very useful tool helping you managing different wallets and balances.
Our strength is based on three pillars; one of them is the idea to offer a Unique Control Panel to better approach the very fragmented Crypto World. If you want to discover the other pillars of Coinadvisor project, visit:
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