Is Cryptocurrency Definitely A Profitable Market?
Hey! I just ORD-ed and I’ve gained interest in investing my savings to prepare myself for the future! I just wanted to share with you guys what I learnt so far too.
The popular financial instruments that people look towards are bonds and stocks. Just as all financial instruments, volatility is a given in market forces affecting all markets. Imperfect information, irrational markets and different risk aversities, are some of the many factors that affects the fluctuations.
In Singapore, bonds are issued in durations of 1-year and 10-year.
Bond investors receive semi-annual coupon — which are interest payments and the principal amount will be returned at the end of the bond. The interests rates are favorable for risk averse investors because they are backed by the Singapore government and it is steady stream of money from the coupon payments.
On the other hand, stocks are issued in lots of 100 shares in Singapore.
For instance, at the time of writing, 1 Singtel share is $3.23 and 1 lot will cost you $323. You can buy stocks of companies that you choose (#DYOR) or indices (a weighted average of all the stocks in that index). Diversification is key to reducing your risk.
Then, my friends and family introduced to me cryptocurrency investment. Some of you may be familiar with Bitcoin and Ethereum because everybody is talking about it now. The last time I checked today, the 2 currencies are dropping quite crazily. I’m thinking if it is a right time for me to enter but I’m worried about losing my money.
With so much volatility and uncertainty, I see Spiking as a saving grace. They are an ICO entered the market with a proposal to bridge this knowledge gap between trading enthusiasts and whales with a good investment track record.
Currently, Spiking boasts its own trading app where it allows users to follow whales and get notified of their trading patterns. Losses and gains of the big investors are also made known to users.
This application has been wildly successful and widely received by the public, with a 4.3 star rating and also peaked at Top Number 1 Finance grossing application in the App Store.
Riding on the application’s success, Spiking has launched its very own coin, SPIKE, with the same concept and SPIKE as the investment currency. A questionnaire will be done to gauge your risk taking level and whales will be suggested by the AI RoboBull that matches the risk level of the user. Subsequently, if you follow a whale, their transactions are automatically mirrored. Investors are incentivised by earning 21% of the returns thus ensuring they carefully strategise their moves and allowing yourself to have a higher chance at profit!
by Shawn Tan, Blockchain Enthusiast
Drawing from its successful and rich experience in the stock market since 2016, Spiking is expanding to cryptocurrency trading! With its unique and powerful trading tool and its AI robot Robobull, Spiking enables traders to easily find whales and mirror the trades automatically. At Spiking, we strive to help traders make better decisions and take the steps toward fulfilling their dreams of achieving financial freedom. Check out Spiking App, Top Grossing Finance App at App Store & Google Play.
Keep in touch with us.
- View the Spiking White Paper https://spiking.io
- Join the Community https://t.me/SpikingOfficial
- Like us at Facebook https://www.facebook.com/stockspiking
- Follow us at Twitter https://twitter.com/stockspiking
- Bitcointalk ANN Thread:https://bitcointalk.org/index.php?topic=3629292.0
