Just like any other business, Bitcoin and digital currency trading needs, skill, providence, and first-rate timing if you want to make a good profit. Auspiciously, a good number of means than ever before have been developed to help traders understanding the existing market conditions and generate profits from price trends which other, semi-skilled merchants might fail to benefit from on.
Let us take a look at the future and formulate hypotheses on the new trends that will characterize the technological scene in 2020 and beyond. We will try to do this by focusing on the predictable areas of application in the Digital Trust sector, i.e. services and solutions that guarantee the security, confidentiality and legal certainty of cryptocurrency transactions, such as blockchain and distributed ledger technologies (DLT).
Privacy is one of the new technological trends of the last year. More and more important companies are shifting this functionality into their core business, even the big giants like Google, Facebook and Amazon.
It is believed that only 10% of traders actually take profits and 90% are at risk of losing everything invested. This is also true on the cryptocurrency market. While only a few traders follow the market trends and try to make the most profitable bets, others prefer to gamble instead of trading.
In October 2019, Bitcoin, Ethereum, Ripple, Monero, and many other cryptocurrencies on coinmarketcap show bearish trends. However, cryptocurrency investors have no time to wait till the market rise again.
According to a recent analysis on Google Trends, it is clear that Bitcoin is a more searched term than Stocks. In this era of technological evolution around the world, several people in the financial industry are turning to using cryptocurrencies rather than traditional assets.
The blockchain and cryptocurrency community is composed of many different kinds of participants, both newbies and veterans, and all of them want to learn how to identify trends in crypto charts, and ascertain breakouts and fakeouts while trading digital currencies including Bitcoin, particularly for margin trading.