Trading in cryptocurrency (digital currencies, ICOs, tokens) is trading in a lot of uncertainty and different variables need to be kept in mind as compared to trading in fiat currencies. Fiat currencies generally lower set of variables and less volatility compared to cryptocurrencies. Traders who have traded in other markets like stock exchange and foreign exchange have repeatedly maintained that the cryptocurrency is the most unpredictable market in the world right now. When we are dealing with this kind of unpredictability in the market, you need to be ahead of your game to make it profitable.
The volatility in crypto markets is much more so than the conventional markets and if you have followed the price of Bitcoin (1., 2.) over the last few months alone, you would understand the level of uncertainty we are talking about. Just since March 2017, the worth of Bitcoin has increased five times and has seen plenty of ups and downs in between too. Bitcoin exchanges and data websites help you keep track of the latest performance trends and devise a robust strategy of your own.
Now just like other exchanges, cryptocurrency market has also tried its luck with price prediction for Bitcoin and other cryptocurrencies as well as the market as a whole. There are a number of new AI-based platforms that try to predict the future of all cryptocurrencies including Bitcoin. They include predictions on volume, future price, latest trends and compare it with the real-time performance of the market. WalletInvestor is one of these AI-based price predictors for the cryptocurrency market that appears quite promising.
Due to the massive fluctuations of the market, relying on predictions alone is not considered a viable option at all. If you are looking for an easy-fix solution and price prediction, you are placing your considerable investments at higher risk. You can use the predictors to make an educated guess about the future of the cryptocurrency and keep in mind the latest news and global impacts on the cryptocurrency. But, ultimately, if you want a good ROI on your investment and scale down risk, you shouldn’t rely entirely on price predictors.
If you look at the WalletInvestor's model, predictions have been made for the future of most popular cryptocurrencies. We are designed to follow the long-term trend of the coin in particular but that doesn’t account for the massive fluctuations that Bitcoin faces week in week out. So, a particular emphasis is on long-term investment strategies like buy-and-hold that have proven to be quite successful for amateur investors. Many people now like to invest their savings in Bitcoin and other virtual coins for long-term without having to do the difficult research required for short-term investment.
It is an attempt to dial down the noise in the currency history and look at the overall price of Bitcoin and see where it is going in the long-term. Even if it isn’t going to be a perfect model, you can always consult it to see where the cryptocurrency of your choice is expected to go. Since Bitcoin is on an upward curve for a long time and no saturation point is expected for some time as the cryptocurrency markets continue to grow, it is somewhat safe to consider these market predictions while investing in the digital coins for long-term. This approach is also called HODL in crypto circles and has proven very successful!
There are other advantages to WalletInvestor as well while using cryptocurrency Ai prediction side of things. Apart from the Forecaster, you can also use the our system as a regular portal for knowing the latest trends of the cryptocurrencies that are much more useful in making short term predictions for trading purposes. There are plenty of useful graphs of volume, price points and trending news on the platform that will help you in this regard. Our website is an extensive portal and you can view the currency’s progress and latest price points.
You can also use the handy cryptocurrency calculator and converter that converts currencies according to the price differences. It is pertinent to mention that fiat currencies have no direct role in conversion rates between different cryptocurrencies. Even if Bitcoin dives against fiat currencies like Dollar and Euro, it might be rising against Ripple and Ethereum. So, you can make intelligent trades without having to worry about the fiat currency conversion rates.
There is also a conversion history portion below the Converter that can prove extremely useful. You can see the latest convesions being done on the portal between different cryptocurrencies. It will tell you the future trend of cryptocurrencies and what kind of currencies are in demand right now. If Bitcoin worth in Dollars is being calculated more, then it shows that there is a trend towards selling Bitcoin and the price might drop. If the ETH to BTC conversion is showing up in history, there is a big chance there is going to an Ether selling exodus and its price might drop against Bitcoin and so on.
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