Torque trading platform recommendations? Altcoins and Bitcoins tend to react to each other. Sometimes they do the opposite of each other and sometimes they do exactly the same thing. It is not rare to see Bitcoin go down while alts go up (and vice versa). This is because almost everyone who has alts has Bitcoin, so they tend to move out of Bitcoin when it goes down and move into alts (and vice versa). Almost just as often as this is the case it isn’t the case. Many times, all coins will go up or down together (generally following Bitcoin’s lead). This dance often results in Bitcoin outperforming altcoins, however every x months we will see an alt boom where alts outpace Bitcoin quickly. If you can time that, great. Try to spot it coming and there is big money to be made. Meanwhile, alts can be tricky to just HODL, as they tend to lose value against fiat and BTC in the off season. Learn more about the relationship between Bitcoin and Alts. In a word, alts are generally more volatile than Bitcoin.
Most beginners make one common mistake: buying a coin because it’s price seems to be low or what they consider affordable. Take, for example, someone who goes for Ripple instead of Ethereum simply because the latter is much cheaper. The decision to invest in a coin should have very little to do with its affordability but a lot to do with its market cap. Just like the conventional stocks are gauged by their market caps, which is evaluated using the formula Current Market Price X Total Number of Outstanding Shares, the same applies to cryptocurrencies.
Who is the CEO of Torque Trading Systems? Then I managed to find the CEO of Torque Trading Systems, Bernard Ong, because I’m a bit paranoid. This guy has lots of businesses on hand and this is one of his new projects that he has been working on for nearly a year behind the scene. After talking to Bernard, he invited me (I was as surprised as you are, you should contact him for any inquiries btw he’s super nice and passionate about what he does) to go down to his Singapore office for a simple introduction of torque trading systems. So, I flew down to meet him and his team of managers in Singapore. Discover even more details on Torque trading bot.
But what makes Torque trading system so special are these few things: Due to the high volume of trades every day, they are able to trade in very low commission environment setup for higher profitability.
If you cannot afford to invest 1 ETH without not able to sleep peacefully at night, this investment is not for you (or any investments btw you should be able to provide your basic needs and save some emergency funds for your health). You should just put your savings in bank and let it depreciate… for now. If you are a risk-taker, you can invest more, and reinvest the profits to make your initial investment come back at a much faster rate (some sort of cash flow). Once you get back your initial investment, everything else is profits, and let that be a passive investment forever.
Torque Trading Systems has been created with the sole purpose of providing everyone an alternative to self-managed cryptocurrency portfolios. Torque is currently operating in 5 countries across Asia, driven by a team of traders with each of them having more than 10 years of trading experience in traditional markets and instruments, have discovered huge opportunities in the world of cryptocurrencies. Torque is now 60 men strong with the largest team of coders based in Vietnam. See a few extra info at torque.asia.