Being smart in trading is something that many people strive for. Of course, this also applies to cryptocurrencies.
Let’s take a look at how to buy and trade smart.
Cryptocurrencies have been with us for some time and have made many people rich. However you do not hear many stories about them. And what unites them all? They are connected by smart trading. And yes, smart trading does not always mean shouting into the world what do you buy and how you do it. The smartest ones buy in silence and do not want publicity.
However it is when the large players enter the game, when it gets more public. Last year, huge names such as Paul Tudor Jones and Microstrategy, Stanley Druckenmiller, Jack Dorsey’s Square, MassMutual and Guggenheim Partners joined those who started investing in Bitcoin. Now we see a great spike in its price, because we are not talking about any nameless investors, these are the names of very sophisticated investors who know how to invest a lot of money to make even more. People know that and follow their lead. But now the prices of Bitcoin are more than 300 % higher than at the same time last year.
The reasons are simple. In many cases, this is a “buy and hold” strategy, so Bitcoin is seen as a new store of value – like gold, for example. At the same time, we are still facing fears of inflation and financial crisis we are rushing into because of the pandemic. Although it may sound awful, a pandemic has basically helped cryptocurrencies reach more people.
Be smart today
Even though Bitcoin is now taking off and starting to be mainstream, it is still not too late to buy other digital currencies and join the world where you own your property. At PlatonLife, we strive for an ecosystem that is friendly and safe for all. All the information about how our ecosystem works and all the information you need to know before establishing your own can be found here. At Platon Academy, you will learn all the information you need to successfully enter the world of cryptocurrencies with our PlatonCoin (PLTC). Cryptocurrencies are for everyone, don’t miss your chance.