What’s up with Crypto Market and Crypto Copy Trading? Coinmatics CEO Speaks

Must read for beginner copy traders/investors!

Imagine such a situation: you deposited a sum of money to any copy trading platform. Linked an API key. Subscribed to a trader’s strategy. And suddenly you are in substantial drawdown. The strategy is not making deals. Your income drops to 0. Your balance might even shrink a bit. Whose fault is it? Trader? Market? You? Fate?

Thanks to Universe, we have such an amazing feature in our head— critical thinking. Let’s take a deep breath and start analyzing. Have a thorough look at what’s the reason for your autumn season trouble.

Facts:

• you’ve done everything in the right way
• professional traders doesn’t trade at all
• your account is secure, so hacking is cut out

Here we go, ladies and gentlemen. It’s a Market’s fault.

What’s wrong with the market of cryptocurrencies?

To disclose essential information towards the market, we asked Dyanis Zabauski, CEO of crypto copy trading platform Coinmatics, to comment on the current situation:

“Altcoin season is coming to an end. The spot trading is extremely slow, there are no good entry points to trade, and many strategies are standstill. So, traders are influenced by the market environment and it’s hard to predict how long the slowdown is going to last.

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All of us want to earn right now. But unfortunately the cryptocurrency market bosses around and there’s nothing we can do about it.

Currently, altcoin capitalization outflow is taking place: crypto traders shifted their focus to DeFi (decentralized financial technology/open finance) and, additionally, remitted their funds to Bitcoin. It’s quite typical for autumn season — the same situation happens every year.

BTC outperformed the rest of the market with the Bitcoin price up by 5%. Moreover, the DeFi market continues to grow rapidly. Capitalization reached almost $ 7 billion, last month it increased almost 3.5 times.

I would say such a situation reminds us once again on educational importance. We’re sure that any cryptocurrency social trading (even automated) requires reading crypto news and understanding the market situation.

So what can investors do now, while the Spot market is at its lowest point?

Soon Coinmatics platform will release Futures trading. This market hasn’t slowed down and we see it as a solution for the current difficulties. We do care about our users’ profit and want to be honest with our audience and to do everything to keep high revenues for our customers. So, we’ll do everything from our side to make Coinmatics pool satisfied”.

Sofia Gavrilenko for Cryptocurrency Hub and Coinmatics company.

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