The Volatile Cryptocurrency Market
One of the most common arguments I have come across against cryptocurrencies is that they lack an intrinsic value. In contrast to forex stocks, cryptocurrencies are not hard-core commodities that can be sold, or products that can generate revenue. In the absence of these traditional evaluators, the value-judgment of cryptocurrencies is a tricky task. As a result, their prices can often fluctuate due to external factors like the news media or the 'whales' in the market that create false waves to gain advantage.
The high and sporadic volatility of cryptocurrencies discourages traditional investors from entering the market and attracts undisciplined players who make half-informed decisions and lose money to their whims.
The Opportunity
Don't get me wrong, I don't mean to suggest that cryptocurrencies have a bleak future. In fact, I firmly believe in their revolutionary potential which is all the more evident on blockchains like Ethereum. What I believe in is the opportunity for players to leverage this volatility to their advantage.
The Solution
If you wonder how, look no farther than Countinghouse. This blockchain-based hedge fund platform aims at enabling investors to exploit the uncertainties of the cryptocurrency market to their advantage by deploying algorithms and mathematical techniques. Those who doubt whether such a method can indeed work would be surprised that Countinghouse already has a tried and tested product that has netted 70-120% profit for its clients for years on foreign exchange. The algorithms yield even better results in crypto exchange precisely due to its high volatility! A detailed information on the idea and the financial report can be found on their website.
Owing to the fact that Countinghouse already has a functional product, it stands a far greater chance at success than most ICOs that spend significant costs on building one. The capital generated from crowdfunding can thus be utilized on management and other strategies.
ICO and Team
Over 5000 ETH were raised in the private sale alone by existing investors of Countinghouse - a strong indication of the trust of past customers in the platform. The crowdsale is running and CHT tokens can be bought on the website at a price of 1000 tokens per ETH before the sale concludes on the 12th of June. The team, right from the director Tim Dawson and Mike Pomery, consists of coders, programmers and traders with robust backgrounds in their fields.
Conclusion
Making trading in cryptocurrencies less chaotic by the use of codes and algorithms can help new players to avoid mistakes and expert traders to make prudent decisions. In any case, it would be interesting to see the effects that platforms like Countinghouse will have on the cryptocurrency market.
Website - https://www.countinghousefund.com/ico
Whitepaper - https://www.countinghousefund.com/whitepaper
ANN - https://bitcointalk.org/index.php?topic=3406903.0
Telegram - https://t.me/Countinghouse
Written By - Icomantra
Profile - https://bitcointalk.org/index.php?action=profile;u=2152283