The appeal of profits incurred through cryptocurrency trading has only increased for those not already participating in the market. However, despite Bitcoin’s average return being over 800% and other altcoins offering comparable numbers, such as Ethereum at 400%, the cryptocurrency market is one of the most difficult to navigate for beginners, often being considered more complex than the traditional market. Although the barriers are high, investors are still not deterred. After all, with more risk often comes higher rewards.
At its foundation, one reason that makes investing in this market so challenging is that it is never closed. With its doors being available 24/7, traders are more likely to incur perpetual FOMO as they attempt to stay on top of all the ups and downs in the market at all times.
With no break, investors quickly face burnout and unnecessary stress; as they learn to navigate a series of technical indicators and charting methods. In addition to the time consumed, new traders are often being heavily influenced by those on social media platforms, some of the most common being Instagram and TikTok creators. On these platforms, investors quickly gain a considerable following, taking on the appearance of an experienced investor, when in reality, they are just as inexperienced as their followers. These are just a few reasons that the learning curve remains steep, especially for those without prior experience.
With copy trading, first-time investors no longer need to spend time learning about trends, charts or making the weighty decision to buy, sell or hold one of the many assets available to them. Instead, they can choose an investor who has continuously generated high returns and duplicate these trades in their
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