Gone are the days when anyone could invest a little money in the stock market or crypto and make a small fortune in a flash. The past year has been nothing but collapse, with major stock indexes falling into a bear market and crypto crashing by 80% or more.
In the current macro environment, only the strongest and most experienced traders are surviving. Fortunately for those who have struggled in recent months to make a profit, copying top-ranked traders on PrimeXBT can result in as much as 4,000% ROI – even during one of the worst downtrends in recent times.
Examining Risk Versus Reward In Financial Markets
Ever since Bitcoin became a household name in 2017, investors have poured money into cryptocurrencies seeking an outsized return above and beyond what the stock market would produce in a similar amount of time.
Cryptocurrencies are high-beta, speculative assets that are becoming more important to the overall financial system with each passing day. Despite all the risk of volatility, holders buy digital assets in hopes of long-term price appreciation.
From the December 2018 bear market bottom to the bull market peak at $69,000 per BTC, the top cryptocurrency climbed by more than 2,000%. By comparison, the S&P 500 churned out 90% ROI in the same timeframe.
Investors are increasingly picking BTC and other cryptocurrencies due to the potential reward. In the bear market, however, there is a growing trend where savvy investors are taking their capital and using it to copy top traders and tap into returns that have beaten the entire Bitcoin bull run in terms of total profits.
Copy Trade Top-Ranked Covesting Strategies For 4,000% ROI
The Covesting copy trading module on PrimeXBT is a peer-to-peer trading community where some of the best traders globally sign up to become strategy managers. Part of being a strategy manager involves having all performance data tracked in a transparent database. The other main factor is that followers can then copy the trades of any strategy manager they invest with.
The fierce competition in the community means that the ranks of each trader in the leaderboard are constantly changing, which, along with many other filters by default, ranks traders by total profits. At the moment, the top-ranked Covesting trader at PrimeXBT boasts a 4,026% ROI.
Comparing those stats to Bitcoin alone, this trader has more than doubled the return of investing in BTC and achieved the incredible feat during a bear market. Followers can opt to copy the trades of traders just like this and earn up to 4,000+ ROI from any investment.
Followers are provided with a wealth of tools that can manage against risk and drawdowns or even take profit without having to close out the following. Followers can also follow several top copy trading strategies at once to spread risk around and seek additional opportunities.
Conclusion
When comparing the stock market returns to the returns in crypto, it makes sense that investors might be willing to take on extra risk for a much larger return. Investors will curiously be willing to invest money into altcoins with little purpose and no proven business model. Yet, they haven’t taken advantage of investing in another, more skilled trader.
While the concept of copy trading is relatively new to crypto, fund management has been around for as long as financial markets have existed, and some of the wealthiest individuals in the world have made their best investments by letting others handle the hard work for them.
With Covesting copy trading at PrimeXBT, more skilled traders do all the heavy lifting, letting the investor earn income passively. The tool was created in partnership with the licensed fintech developer Covesting and is a leading competitive advantage for the PrimeXBT trading platform.
In addition to copy trading, PrimeXBT also offers a full suite of margin trading tools, passive investing solutions, weekly trading competitions, an educational website, and much more. The platform packs in access to more than 100 different trading instruments, including stock indexes, crypto, commodities, and forex.
Beat the market, even during a bear phase, by following top traders and earning as much as 4,000% with PrimeXBT.