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August 14, 2018, 01:43:25 AM |
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BitStation Weekly 2018-08-13
R&D activities continue to progress in primarily the following areas:
- Data verification, high frequency transaction testing, bug fixing
- Optimizing graphics charting tools and indicators configurations
- The AI-Trade functions are being implemented with great huge potential: the follow-trade module is added; users can choose to follow-trade or vote according to the back-test yield and the real rate of return of each strategy. We believe (and will facility) that various crowdfunding funds and new digital-currency money-market platform flourish out of this module. On this platform, people can choose trustworthy investors to follow and trade side-by-side; this will help eliminate problems seen in traditional market places where funds are raised; but afterwards, customers have no visibility about how funds managed and more often fund supervision is not in place.
This new mode of investing will also provide another set of benefits to small and medium-sized investors; e.g. their small funds are pooled together to form large funds enough to get more attentions and services of the market they can not otherwise; therefore effectively reducing risks. With this, BitStation can become a platform that really help individual traders and investors make money.
In this week, bitcoin price touched down at $6141 and rebounded slightly afterwards; but the volume of trading dropped significantly; it seems that the market may oscillate in this range for a while. For short-term traders, it is still not a good time to enter the market. However, for long-term investors, it is possible to open positions at this range. In the current market, risk control is the key; and making money should be placed in the second priority. BitStation wish everyone a smooth investment.
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