When a stock analyst says that a stock is a strong buy, we don't assume he is just shilling his holding to make a quick profit. With crypto, we always know it is a discrete possibility.
So, where do new traders look for advice on selling and buying altcoins? Here in the 21st century, they look on social media.
Some investors are informed of pump and dump plots, and many are wary of those with a social media presence who tout their favorite coins. Some seemingly do believe in the projects they announce through tweets and youtube videos, but it doesn’t mean they do not profit from their influence. Not to mention disgraced projects like Bitconnect which claimed to have a special trading algorithm which nobody could ever see.
Blockchain may be the best technology to keep everyone honest.
And while the market grows and matures, the blockchain may be the best tech to keep things nice and fair.
One thing that makes the cryptosphere so great is also what can make it so dangerous: anonymity. Like in Swiss bank accounts, crypto wallets do not need names, only numbers. Though we may remember the story of Silk Road, it is just a piece of dark history in a technological story filled with light.
Traders and shillers can prove their honesty and success without having to divulge the contents of their wallets.
Though some may really trust the coins they promote, we can never know how much of those coins the shillers have before they start a pump, and we may never know when they sell.
Lately, complaints of internal conflict and collusion have begun to come to light. Rising crypto social media stars have been accused of many things, resulting in doubt being cast on their calls.
Yet the answer to such doubt has been under our noses the whole time: the blockchain itself. By tracking trades, profits, volatility and other statistics on the blockchain, traders and shillers can show their confidence and success without having to divulge the contents of their wallets and accounts.
Though social media is an awesome platform for showing off one's skills, we need a better instrument with a fair tracker of history instead of tweets and posts.
Tradelize’s ecosystem creates a Tradelize.score for ProTraders who want to profit off sharing their results. Since the transactions and statistics will be stored on the trustless blockchain, it will be impossible for one of these traders to fake results or attempt to manipulate the market. The actual changes in their portfolios will be immutable.
The Tradelize.score system shows a rank, adjusted return, risk profile, profitability and other statistics for different traders based on their histories. The better the score, the more likely Tradelize users will be to follow and copy their trades, and the more money they will make. For professional traders, this means a swelling of the profits on top of what they make already. For private investors, it implies being able to ensure your money is in good hands. The best traders will be proven, not just someone with many twitter followers. Great results for traders means good results for investors, no question. And the results will be unfakeable.
With Tradelize, the best traders will be proven, not just someone with many twitter followers.
As investors see the potential in keeping their guides in crypto honest with this technology, they will migrate to platforms like Tradelize which reward good trades based on fundamental and technical analysis-- not just hype. This migration will help to bring clarity into the mainstream without any severe regulation.
The crypto market will regulate itself simply because it is an open and honest market.
This anonymous transparency, that is the ability of people to make calls with the immutability of the blockchain, will ensure that that regular investor won’t miss real buy or sell signals. The movement towards this standard is inevitable. Seeing the profits, investors will flock in bigger and bigger numbers to Tradelize. It can transform how we trade crypto.
Seeing the advantages, investors will flock in bigger and bigger numbers to Tradelize.
It could make sure traders of any kind are working to make profits for all, not just manage for themselves. Accomplishing this kind of clarity in stocks could take years. Tradelize makes sure traders are just and have the interests of their followers in mind because not doing so would result in a loss of profit.
Implementing this technology in stocks could take years. In crypto, it is already here.
The copy-trading and blockchain trade system is likely to grow this year as trading is more aggressive and more investors become veterans. People who have been burned by blindly following a trade on social media have understood the risks and are going to seek out systems like Tradelize.
With Tradelize, when a real ProTrader makes a trade, that trade can be mimicked by lay traders who won't be left in the dust.
Honestly, it is the only way to be confident that your capital is being managed fairly.
Tradelize
Trade faster. Invest smarter.
This is a very promising project. The innovative idea in combination with experienced and creative team will bring success to the project Tradelize