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eToro Continues to Receive Praises from the Trading and Crypto Communities

Global trading and investment platform eToro has been praised for being easy to use, community-focused, transparent, and educational, according to various testimonials. Little wonder the site, which launched over a decade ago, now boasts nine million users.

What is so special about eToro, which has made a name for itself as go-to a cryptocurrency platform, compared to similar websites? Firstly, through educational guides – accessed via www.etoro.com – and also a virtual trading account, newcomers are able to find their feet.

“My advice to any new traders would be: definitely open an eToro demo account, open some trades, and then dip your toes in the water and start opening some real trades,” says Wayne Ryan, who goes by ‘goodgoing’ on the platform.

Mr. Ryan enjoyed a 588 percent gain on his investments in 2016 and 84 percent last year. He is one of eToro’s Popular Investors (PIs), and his investments are copied by many other traders, who make use of the innovative CopyTrader tool.

This facility, which is straightforward to use – eToro clients can view and copy anyone with a profile – is ideal for those who lack time or experience in the markets.

Mr. Ryan continues: “The main features of the website that help me specifically in trading are the live feeds and the charts. To be one of the best traders on eToro is a big achievement. I feel I have worked really hard to get to that level.”

Another PI, Lena Birse – ‘Onegirl’ – who enjoyed a 36 percent gain on her eToro investments in 2017, says: “What I love about eToro is that you can see exactly what each trader is doing. I started trading on eToro because I just loved how easy it was to navigate the website. It felt like anyone could do it. I have no financial background. My main profession is being a housewife.”

Jay Edward Smith, one of the most copied PIs, who goes by the moniker ‘jaynemesis’ on eToro, believes the sense of community is unique. “I think eToro is a very different experience to using any other trading platform,” he suggests. “Most platforms are quite solitary – you don’t really interact with very many people – whereas eToro really focuses on making sure people can communicate with each other and see what each other are doing and check each other’s profiles.”

Mr. Smith yielded a 340 percent return last year. Emphasising the eToro CopyTrader tool, he adds: “A lot of my friends are the kind of people who work in a warehouse and have no idea how markets work. That doesn’t matter on eToro, because you can just find someone else who does.”

Pros and cons of trading on eToro

Pros

– Straightforward, user-friendly, trustworthy and experienced platform
– Instant execution of trades, thereby locking in a price
– Ability to use CopyTrader and other innovative tools

Cons

– Only nine cryptocurrencies offered by the platform, currently
– Users are unable to withdraw the cryptocurrencies directly
– Users’ cryptocurrencies are held by eToro

Call to action: Join eToro’s Global Community Now!

All trading involves risk. Only risk capital you’re prepared to lose. Past performance is not an indication of future results.

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

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A goodbye note from Deblock’s now-former Head of Research revealed the progress of their ICON blockchain project in all these months. And they looked extremely positive. As he left the company to pursue his startup, Markus Jun noted ICON as one of the very few blockchain projects that showed significant accomplishments despite staying inside a bleeding crypto market. “My time at Deblock and ICON coincided with one of the worst downturns in the cryptocurrency market. In spite of this, I can say that the ICON team has made incredible progress,” Markus wrote while asserting that their interoperable blockchain project till this date leads the South Korean blockchain industry. “I’ve seen ICON push for significant progress in legitimizing blockchain and cryptocurrencies with the Korean Government, receiving the Minister Award for being an industry leader in the blockchain space, and launching demonstrations and several projects in conjunction with the Seoul Metropolitan Government. I’ve seen several hires in every ICON department, including senior positions, most of which weren’t made public and the team is still actively hiring to this day.” Markus also brought focus to ICON’s international expansion stories, which included the launch of their global accelerator program ICONLOOP in partnership with the Singapore government, followed by its continuation in Tokyo and San Francisco. “Beyond this, there are ongoing efforts to expand ICX Station globally. All things considered, it’s clear that ICON isn’t letting the market downturn affect them in moving forward,” Markus explained. The said expansion is also bringing valuable partners to ICONLOOP. In addition to the Seoul government, ICON has gained support from LINE, Smilegate, Kyobo Insurance, and Jeju Island to develop blockchain solutions for them. It overall makes a long-term use-case for ICON’s ICX public network, indicating a stable growth for its native token ICX as well. Solvent after Crash At the time of the ICO, ICON’x ICX token sale raised close to 75,000 ETH. Their smart contract split the funds into 30 separate Ethereum wallets. Between December 2016 and November 2018, ICO team moved circa 70% of their funds to other portfolios – perhaps as part of a sale. After the post-ETH crash adjusments, the team holds around $5 million in ETH reserves. The figures prove that ICON is far from being insolvent at this time, in contrast to several other ICO projects that have either gone out of business or in a money crisis. Forrester Research’s chief analyst Martha Bennett predicts that a majority of these ICOs are heading towards an outright extinction in absence of users and funds. “Sooner or later, this would have led to a contraction anyway. The crypto crash acted as both catalyst and wake-up call.” Big crypto startups like Coinbase and ConsenSys have also laid off employees in the past two months, indicating that the crypto market, in general, is running out of money. ICON, with a provable business model and an increasing use-case among well-known organizations, could still survive the bloodbath owing to an actual demand for service. “I’ve seen the best of ICON in the worst of times. That’s why I’m confident ICON is here to stay,” Markus noted. The post In Bear Market, Korea’s Biggest Crypto Project ICON Showed Solid Progress appeared first on NewsBTC.

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