The majority of traditional research methods are obsolete when dealing with cryptos.
Investors in the capital markets have a broad range of information sources to research; quarterly reports, earnings calls, financial statements, analyst reports, and a long history of price charts for analysis.
However, with the explosive rise of Cryptocurrency popularity in 2017, investors now face an unprecedented challenge. The majority of traditional research methods are obsolete when dealing with crypto and clearly the very nature of Cryptocurrencies means fundamental analysis is impossible.
Instead, there is a constant flow of information and news that needs to be monitored incredibly closely. This gives investors a new task: to find reliable information and solid research methods that will enable them to get to grips with the wild and often unexpected crypto market.
Cryptocurrency research tools
So what available resources are there for individual investors looking to get an edge in a new stormy market? Alternative datasets and research tools allow investors to react to price-changing crypto events almost instantaneously. Three key examples of these alternative datasets are:
News sentiment and insights
Since there are no measurable fundamentals, the main factor driving prices of cryptocurrencies is the media. Massive amounts of cryptocurrencies articles on leading publishers every day is what made this market mainstream - and the altering sentiment of the news is what determined the prices.
Knowing the news “summary” saves investors the need to read everything published and get the bottom line and not surprisingly the amount of news and the sentiment has a direct correlation on prices, as in the example of the Ripple coin below:
Search trends
Data visualization of internet trends provides valuable insights that can be capitalized on and recognizing these trends early on is valuable for investors. The most searched keyword on Investopedia was Bitcoin in 2017 and that was obviously a strong signal.
Google trends provide an interesting and sticky experience when looking for trends and while Google is irreplaceable when it comes to searches, there are many resources for getting search trends that, like Google, do not show the exact number of searches.
Crowd wisdom
Harnessing the wisdom of the crowd was always a great way to create benchmarks and get immediate insights for different areas in life. But when it comes to investing in crypto it is even more powerful, as investors can not only see what other investors are buying or selling they can also learn how to diversify a portfolio which in the capital markets is a basic service provided by any investment advisor.
Pictured above: CFDS - Retention and Deposits Workshop, 2017 FM London Summit
By utilizing a community of crypto investors you can optimize portfolios through better diversification based on crowd wisdom and you can generate ideas based on what the best performing crypto-investors are trading.
Other than the tools above, crypto brokers or research platforms can always offer investors the obvious technical analysis, screeners and heat maps, though experience from the capital markets show the value users get is limited.
Uri Gruebaum is the co-Founder and CEO of Tipranks, provider of actionable research tools offered by over 100 banks, investment houses and retail brokers. If you’re interested to learn more about tools that cryptocurrency traders engage with or where the industry is going, feel free to contact us on bizdev@tipranks.com
Investors in the capital markets have a broad range of information sources to research; quarterly reports, earnings calls, financial statements, analyst reports, and a long history of price charts for analysis.
However, with the explosive rise of Cryptocurrency popularity in 2017, investors now face an unprecedented challenge. The majority of traditional research methods are obsolete when dealing with crypto and clearly the very nature of Cryptocurrencies means fundamental analysis is impossible.
Instead, there is a constant flow of information and news that needs to be monitored incredibly closely. This gives investors a new task: to find reliable information and solid research methods that will enable them to get to grips with the wild and often unexpected crypto market.
Cryptocurrency research tools
So what available resources are there for individual investors looking to get an edge in a new stormy market? Alternative datasets and research tools allow investors to react to price-changing crypto events almost instantaneously. Three key examples of these alternative datasets are:
News sentiment and insights
Since there are no measurable fundamentals, the main factor driving prices of cryptocurrencies is the media. Massive amounts of cryptocurrencies articles on leading publishers every day is what made this market mainstream - and the altering sentiment of the news is what determined the prices.
Knowing the news “summary” saves investors the need to read everything published and get the bottom line and not surprisingly the amount of news and the sentiment has a direct correlation on prices, as in the example of the Ripple coin below:
Search trends
Data visualization of internet trends provides valuable insights that can be capitalized on and recognizing these trends early on is valuable for investors. The most searched keyword on Investopedia was Bitcoin in 2017 and that was obviously a strong signal.
Google trends provide an interesting and sticky experience when looking for trends and while Google is irreplaceable when it comes to searches, there are many resources for getting search trends that, like Google, do not show the exact number of searches.
Crowd wisdom
Harnessing the wisdom of the crowd was always a great way to create benchmarks and get immediate insights for different areas in life. But when it comes to investing in crypto it is even more powerful, as investors can not only see what other investors are buying or selling they can also learn how to diversify a portfolio which in the capital markets is a basic service provided by any investment advisor.
Pictured above: CFDS - Retention and Deposits Workshop, 2017 FM London Summit
By utilizing a community of crypto investors you can optimize portfolios through better diversification based on crowd wisdom and you can generate ideas based on what the best performing crypto-investors are trading.
Other than the tools above, crypto brokers or research platforms can always offer investors the obvious technical analysis, screeners and heat maps, though experience from the capital markets show the value users get is limited.
Uri Gruebaum is the co-Founder and CEO of Tipranks, provider of actionable research tools offered by over 100 banks, investment houses and retail brokers. If you’re interested to learn more about tools that cryptocurrency traders engage with or where the industry is going, feel free to contact us on bizdev@tipranks.com
Worldcoin Defies Regulatory Challenges: Seeks Partnership with OpenAI
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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