The primary way anyone earns a profit when investing in cryptocurrencies is by closely monitoring price predictions and movements. Many times, they are close to accurate and lead to specific price changes. If you can invest in Bitcoin at the right time, you can make a substantial profit.
Suppose you’re already making a good profit by making accurate price analyses on the BTC value fluctuation. There’s no need to stop there. You can also earn tokens by making successful and precise forecasts for others.
You can earn a profit by selling them to novice traders. If you’re wondering where to start, this guide has all you need to know about making money on BTC predictions.
Using Social Trading to Make Money on BTC Predictions
How Social Trading Works
Recommended Social Trading Platforms
eToro
ZuluTrade
Shrimpy
HedgeTrade
KoCurrency
Covesting
Make Profit with BTC Predictions
Using Social Trading to Make Money on BTC Predictions
Social trading, like the name implies, combines the elements of social networks with trading. The point is to connect cryptocurrency traders on one platform and allow them to share strategies. Many of these platforms also allow for copycat trading, where novice investors do precisely what the veterans are doing.
How Social Trading Works
- First, you have to create an account on one of the most popular social trading platforms out there. This list will be provided later on in this guide.
- Then, you will connect your account with the platform, show your BTC trading results, and compete with other traders.
- Other investors can look at the top traders’ list, copy their strategies, and use their rules.
- Whenever investors copy other traders, they get compensated by the platform.
Recommended Social Trading Platforms
The list below consists of the top and most popular social trading platforms you should go for to make money off your experience and BTC predictions.
eToro
The eToro social trading network requires all veterans or those interested in using forecasts to make a profit to join the Popular Investors Program. So you open an account and start trading on any cryptocurrency pairs while inexperienced investors copy you.
ZuluTrade
Founded in 2007, ZuluTrade is more like an open platform. Anyone can be a part of it and share their knowledge and experience in trading. It is also a global network and makes it easy for traders and brokers to come together.
Shrimpy
Shrimpy is a social trading platform and one of the top sites for automated trading of cryptocurrency. It makes it easy for investors to manage their portfolios.
HedgeTrade
This social trading platform features a diverse predictions market. Experienced traders can publish their strategies, called Blueprints, and novices can buy them.
KoCurrency
This is mainly a BTC price prediction platform. It allows its members to bet on and wager their Intelligence coins to predict the BTC price trend. If the trend moves as you expected, you win the bet.
Covesting
Finally, we have Covesting, which was initially only a trading platform for cryptocurrency before the social aspect came into play. It features algorithmic trading, top-notch charting tools, and quick execution speed.
Make Profit with BTC Predictions
If you’re good at predicting BTC price movements, you can turn your knowledge and experience into profit and help others too. By using a social trading platform, you have the best way to earn money with your expertise.
Suppose you need a reliable platform to take care of a BTC to XMR exchange and other cryptocurrency pairs. In that case, you can go for Godex today for reliability, speed, and anonymity.
