Crypto trading signals: who is the best crypto trading signal provider?
Since cryptocurrency is anchoring its root as a digital asset, people are working towards making it more up-to-date, advanced and easier to deal with. With the passage of time, modern systems are replacing traditional systems. People are now more focused on making this asset easier to approach, understandable and predictable. Although predicting crypto is not possible, all thanks to its volatile nature, attempts are made to make as close to a guess as possible. That’s where Crypto Trading signals step in. These can be defined as advice or suggestions made through close analysis and tracking of market conditions in order to help traders make more informed decisions as to when they should buy or sell the crypto. They aid in obtaining financial security through profit and protective stop loss to avoid going bankrupt when making trades. Usually managed by professionals manually, some are automated trading bots for more efficiency. There are many functional crypto signals and amongst them, we are listing the top three.
- HIRN CRYPTO: known for its celestial performance and readings with no subscription charges. One of the leading crypto signal providers. Yields profitable and reliable trades.
- CQS PREMIUM: it has been recording highly accurate signals with competitive amounts per day. Making it an excellent choice for everyday trading. Backed by experts of technical analysis, Fundamental Analysis, and Market Sentiment Analysis along with cutting edge technology, this is everyone’s go-to channel.
- BLOCKCHAIN SPARROWS SIGNAL: Lead by veteran traders who utilize artificial intelligence and the latest technologies to generate the most accurate analysis. Claims to never send wrong signals or misleading advice.
FIVE STOCKS TO BUY FOR BITCOIN EXPOSURE
To beginners who want to delve into the depths of cryptospace, take our advice and hold on! Gather as much information as possible before betting on your first coin. This will help you understand the crypto world and make sensible decisions. One way of doing so is to invest in the stocks of companies offering Blockchain products or dealing with bitcoin or have bitcoin already in their portfolios. This will give you indirect exposure to the virtual coin. Here are five stocks you can look forward to investing in:
MICROSTRATEGY
In August 2020 came the first bitcoin purchase worth $250 million using cash reserves on the firm’s balance sheet. The company continues adding Bitcoin to its reserves and now holds a total of 91,579 Bitcoin worth over $5.3 billion. Since these purchases, the company’s stock is heavily associated with Bitcoin. Last year MSTR’s stock increased by 498% while Bitcoin has increased nearly 681%. The company’s huge coin reserves and its CEO’s continuous support for it helped both asset’s price move simultaneously. This trend is still seen in 2021 indicating how intervened these two assets are.
SQUARE
In 2020, Square announced its first purchase of 4,709 Bitcoins worth $50 million. Later that year, another purchase of around $170 million was done making its Bitcoin holding over 8,000. Square is one of the earliest embracers of Bitcoin. In 2018, it allowed its customers to buy, sell and store Bitcoin and other cryptocurrencies. At the start of the year, Square’s stock prices followed Bitcoin pretty closely, until they broke off in February 2021. Square stayed at -0.10% compared to Bitcoin’s 51%. Although its stocks aren’t following bitcoin that well, its presence as a product provider and investor gives a clear exposure of cryptocurrency as a whole.
MARATHON DIGITAL HOLDING
Marathon Digital Holding is a massive crypto mining company. Due to the nature of its work, people speculate that its stocks and Bitcoin’s price might move together. Marathon holds over 5,000 Bitcoin on its balance sheet. Owing to its impressive performance, there is a massive increase in its stock prices. Earlier this year, Marathon experienced a 153% increase contrary to Bitcoin’s over 51%.
PAYPAL
While PayPal doesn’t own any Bitcoins, it still has its roots embedded in the crypto ecosystem. With it being a crypto wallet, exchange and payment provider its stocks correlate pretty well with Bitcoin’s going forward. It is also expanding its roots by investing in Blockchain and crypto-related companies like TaxBit and Cambridge Blockchain. This was evident earlier this year when the stock price of PayPal increased by 8%.
TESLA
Only recently, the electric car manufacturing company announced in an SEC filing about a $1.5 billion investment in Bitcoin. Later it announced that it will be accepting Bitcoin as a payment method for its cars. Along with that, the Tesla CEO’s constant support for cryptocurrency made it clear that this company has gotten deep into the Bitcoin business. Although Tesla’s shares didn’t perform well after the news, one can be very sure that any major increase in Bitcoin’s price might have the same effect on Tesla’s stocks.
HOW TO BUY BITCOIN IN JUST 2 MINUTES
As Bitcoin adoption is increasing, more people are pouring in their money to buy Bitcoin. With this number increasing, many companies are now introducing various innovative ways to buy cryptocurrencies. The traditional method requires users to buy Bitcoins through wallets or credit/debit cards. With new innovations, like Bitcoin ATMs, it is now much easier, quicker and safe to purchase this digital currency. Bitcoin Depot is one of the first companies to embrace this technology and has already installed 2,000 kiosks in the U.S. over a span of four years. According to Brandon Mintz, CEO of Bitcoin Depot the ATM installed are very competitive. As compared to other exchanges Bitcoin Depot ensures excellent price locks, verification procedures, customer support, protection against hacks, and comfort the user experiences with limited bank account requirements. Getting your hands on Bitcoin now requires just 2 minutes! All thanks to Bitcoin ATMs (BTMs).
BEST EXCHANGES TO BUY CRYPTO IN PAKISTAN
Crypto exchanges are digital platforms that act as an intermediary between buyers and sellers of the cryptocurrency. The exchange of crypto is facilitated by using different fiat currencies or altcoin. Similar to a stock exchange, traders can trade crypto by opting for either a limit order or market order. When choosing the limit order option, the trader sets a price bid and direct exchange to trade coins above or below the bid depending on whether they are buying or selling. Upon opting market order, the trader authorizes the exchange to trade for the best price in the online market. Exchanges offer many payment options like bank wires, direct bank transfers, credit or debit cards, bank drafts, money orders and even gift cards. Interestingly, if you are willing to buy crypto in Pakistan you can come across many crypto exchanges to make your first purchase. Here are some best exchanges to look at in Pakistan.
- COINMAMA
- CEX.IO
- ETORO
- LOCALBITCOINS
- KRAKEN
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