Throughout the history of the cryptocurrency era, there has been a significant amount of money made by traders when it comes to trading in cryptocurrencies. The idea of making money quickly may seem like a smart idea to some people, but the reality is that there are always risks involved.
This is a short list of pro tips for new traders to review before they enter the crypto market.
1. Learn the basics
Properly preparing to trade requires understanding the key elements of the market. Learn how blockchains work and how cryptocurrencies might be used in the future. You need to understand smart contracts (ERC20 and ERC223) and tokens on the blockchain. The market should also be assessed for crypto futures.
The trading of bitcoin and ETH futures requires an in-depth understanding of the futures market and the markets of these specific coins. Tokens and coins typically have much lower market capitalizations than stocks. So, they are risky but also have a higher potential for growth.
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...