New to crypto but don’t know where to start? You can copy a professional
The turbulence in the crypto markets has led to great uncertainty for investors.
Unsubstantiated rumors run amok on Twitter – causing panic. More recently, apparently credible accounts warned that Mt. Gox was about to dump 140,000 BTC on the market… even though payouts could be weeks away.
Widespread disinformation and conflicting reports mean crypto enthusiasts often don’t know where to turn for reliable intelligence. But one platform says it has the answer: Connecting experienced traders with newcomers looking for guidance.
ICONOMI allows experienced professionals to create a crypto strategy and share it with others. From here, they have a stake in their own success – meaning they’re in the same boat as the people following their tactics and copying their moves.
This can be appealing for many reasons. First, it is invaluable to have an association with top professionals – whose track record can be easily verified. And given how crypto markets never stop, many retail investors who believe in digital assets simply don’t have time to react to wild swings 24/7. According to ICONOMI, top strategists on the site keep their fingers on the pulse around the clock – diversifying portfolios to reduce risk.
A promising start – but it is important to emphasize that ICONOMI has much more than what one needs to see.
A truly social trading platform
One of the biggest advantages of ICONOMI lies in how it is a social trading platform – giving crypto enthusiasts an environment where they can talk to each other. Strategists can explain the reasoning behind their decision to rebalance a portfolio – and users can seek insight and analysis from professionals with stellar reputations.
According to ICONOMI, there are a few features that set the copy shop offering apart from others on the market. First, users retain full control of their assets at all times – giving them the freedom to withdraw whenever they want. And crucially, the fees that private investors pay to mimic a strategist are directly related to portfolio performance.
If you’re looking for an imaginative Christmas present, gift cards are available so you can refer friends and family to your favorite strategists – and even better, users can make regular deposits and automatically gain exposure to their chosen portfolios, benefiting from a proven and trusted tactic known as dollar cost averaging.
But as its vibrant ecosystem grows, there’s even more to look forward to: As users grow in confidence, they also have an irresistible opportunity to create their very own strategies. It can be set up in minutes – with a large selection of cryptocurrencies to choose from. Portfolios can be adjusted and changed with one click, and they can be either private or public.
ICONOMI says it embellishes the deal through a sophisticated trading algorithm that checks over a dozen exchanges in real-time – to ensure strategists and copiers benefit from the best possible prices every time crypto assets are bought or sold.
An exciting market
Looking ahead, ICONOMI plans to improve its platform and develop its engine to deliver even faster trading. And to further spread the word, engaging partnerships are planned with influencers and companies that have established a reputation in the crypto world. It is also entering the UK market and now accepts deposits in GBP.
For those new to what this website has to offer, the best thing to do is explore – and see how current strategists are doing so far. There are endless important statistics you can scrutinize – including the current value of assets under management, the number of people copying a strategy and charts illustrating performance over multiple time frames.
ICONOMI is here to stay – and could be the ultimate democratizing force in crypto.
Disclaimer. Cointelegraph does not endorse any content or product on this site. While we aim to provide you with all important information we can obtain, readers should do their own research before taking any action related to the Company and bear full responsibility for their decisions, nor can this article be considered investment advice.