Crypto Currencies and Copy Trading
In recent years, the trading of cryptocurrencies has experienced a real boom, not least driven by the lucky folks who participated early in cryptos and became the so-called "bitcoin millionaires".
Unlike at the beginning, there are now a variety of ways to trade cryptocurrencies yourself. Well-known crypto exchanges are, for example, Binance, Kraken or Coinbase.
There are now so many cryptocurrencies that a normal investor can quickly lose track. If you want to become a "bitcoin millionaire" yourself, which of the numerous coins should you choose? Or is it better to pick out the best-known coins and actively trade them on the way to the million? Just as in stock trading, you should then have a strategy that allows you to expect a positive return in the long term, even after deducting the transaction costs, which can quickly become significantly high with very active trading.
Similar to copy trading platforms like wikifolio.com in classic asset classes such as bonds or equities, there is also the possibility of copy trading with cryptocurrencies. If you don't want to look for a needle in a haystack among all the coins and don't have an active investment strategy, you can follow active crypto traders on copy trading platforms like shrimpy.io and invest in them. At shrimpy.io you can link your own crypto account on Binance, Kraken, Coinbase & Co with the account of an experienced trader and automatically trade the same coins as the trader. In doing so, one should be aware of the risk that the past performance of the trader is no guarantee of his future performance and that the risk of a total loss should be taken into account.
Unlike at the beginning, there are now a variety of ways to trade cryptocurrencies yourself. Well-known crypto exchanges are, for example, Binance, Kraken or Coinbase.
There are now so many cryptocurrencies that a normal investor can quickly lose track. If you want to become a "bitcoin millionaire" yourself, which of the numerous coins should you choose? Or is it better to pick out the best-known coins and actively trade them on the way to the million? Just as in stock trading, you should then have a strategy that allows you to expect a positive return in the long term, even after deducting the transaction costs, which can quickly become significantly high with very active trading.
Similar to copy trading platforms like wikifolio.com in classic asset classes such as bonds or equities, there is also the possibility of copy trading with cryptocurrencies. If you don't want to look for a needle in a haystack among all the coins and don't have an active investment strategy, you can follow active crypto traders on copy trading platforms like shrimpy.io and invest in them. At shrimpy.io you can link your own crypto account on Binance, Kraken, Coinbase & Co with the account of an experienced trader and automatically trade the same coins as the trader. In doing so, one should be aware of the risk that the past performance of the trader is no guarantee of his future performance and that the risk of a total loss should be taken into account.