Encrybit

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How many day traders actually are in the cryptocurrency market? I bet some of you would say that majority of the market is made up of them and they feed off new money entering the space, like lionesses feed on baby gazelles.

Yet according to Encrybit’s Exchange Evaluation Survey, there were actually less day traders who took part in their survey than long term investors! The survey found that day traders made up 27% of survey respondents compare to the 35% who were long-term investors or position traders.

Day traders are necessary for any market as they create liquidity in the market. Without them there would simply be not enough buy or sell orders being filled. The day trader makes it possible for you to enter and exit your positions almost immediately.

Day trader’s make exchanges possible and without them, cryptocurrency would be a very illiquid asset.

Find out more about the rest of the survey findings here - https://goo.gl/ewbeYj

#Encrybit #Cryptocurrencyexchange #cryptocurrency #trading #investors #tradingplatform #preico #bountyprogram #daytrader