How Will Trading Software Like Crypto Code Improve In Year 2020?
When you look at today's technology, you realize how far mankind has innovated the world's resources. Who knew that sticks and stones can turn into this grand technological empire our world thrives on today. And we can only expect technology to continue moving forward at this point.
Looking at mankind's history, we'll spot not just several, but several thousands of phenomenal ideas that ushered the world into the direction we are currently headed for today. At first we were writing letters by hand. Then, we were typing them on paper. Soon, we were sending them electronically through telephones and beepers. Now, we get them instantly through SMS and online mail. The speed at which the world has changed is like that of a bullet train and its course is similar to a roller coaster's!
Up and down, swivel and jump! There is simply no stopping technological evolution.
And in 2009, we were faced with yet another milestone in tech history – online currency (see reference). What we now know as cryptocurrency or “internet money” faced a lot of controversy, criticism, and doubt when it was first launched almost a decade ago. After all, we've been using paper money for such a long time that when something new showed up, it bewildered the rest of the world. Cryptocurrency is actual money but with no physical form. It is convertible to its real-world counterpart, but inside the online universe, it is but a jumble of encrypted codes (but with a ton of security, of course!) This is one aspect of it that people cannot begin to fathom.
Fast forward 2018 and cryptocurrency has become quite a big deal – especially trading them. Just like how paper money would have different versions per country (e.g. U.S. dollar, Yen, Won, Euro, etc.), cryptocurrency too has its own variations like Bitcoin (this one is popular), Ethereum, Litecoin, etc. And trading, mining, and growing them have driven a good portion of our population crazy.
Just in case you wanted to know, here's a whole list of active cryptocurrencies circling the market to date: https://coinmarketcap.com/all/views/all/
Along with the rise of cryptocurrency, came the emergence of crypto-affiliated businesses – trading software companies being the first of them. Crypto trading robots are programmed to help people participate in cryptocurrency trading with far lesser risk. And true enough, they have helped changed the lives of many of our traders. When you have a bot working for you, you can trade while you sleep, work, go shopping, eat, drink, party, and whatever else you like doing in your life. The bot takes care of your trading decisions and boy, am I proud to tell you that they're getting better at it each passing day.
To date, many cryptocurrency trading program developers assure traders an 85-90% success rate on robot-facilitated trades. That's a pretty mind-blowing number! And I bet it'll just get a better and better in the years to come.
Here's What You Can Expect of Trading Software In Year 2020:
Faster More Accurate Trades
What we have now are robots, like Crypto Code, that can trade fast and accurately – they even go as high as 80-90% positive trade results! By year 2020, we can only expect this number to get higher and better. After all, with the way things are going, trading developers will just keep on tweaking their programs until they reach their full potential. And of course, you and I both want that.
In-depth Data Processing
Data processing is one feature of trading robots that human traders are largely after. Let's face it; we aren't too good at processing data. And even if we were, most of us would be too lazy to do it! And so, this makes cryptobots a must-have program for traders who like to live easy – me being one of them. In two years' time, we can expect the data processing function of cryptobots to go deeper and get better. And ultimately, it will lead to more accurate trade predictions. After all, if there is one thing programmed systems are good at; it would be making sense out of raw data.
More Trading Data To Support Trade Decisions
We can also expect trading databases to grow larger in two years' time. Everyday, new trades are made. Everyday, new trends are established. Everything that happens to cryptocurrency each passing day is recorded in a data bank which is later on used as a reference to future trades. Imagine thousands and thousands of traders contributing new information to this big bank of data. In a matter of two years, we may be able to see trends and relationships like never before. Now, who's excited?
Overall Higher Success Rates
Lastly (and probably what we wanted to hear all along), trading robots will get better at taking in, processing, defining, and making accurate decisions out of raw trading data. This will definitely lead to higher success rates. If the percentage of trade success is at a range of 80-90% right now, by the year 2020, this number may as well rise to the 90-95% range. Mind you, I don't believe any type of trading software can be perfected – ever. There will always be a certain margin of error. But I do believe they'll eventually get closer to perfect. Close enough to make anyone want to trade.
We don't really know what's in store for cryptocurrency trading in the future. But one thing that I can say that cryptocurrency is here to stay. With the direction the world is heading, we can only assume that everything, every task will eventually migrate online. Paperless transactions are becoming a thing, paying bills online is becoming increasingly popular, and even people are spending half their days living off the internet.
The only way we're heading is online. And I wouldn't be surprised if someday, the use of paper money will become obsolete. After all, we trashed the barter system once. We also abandoned the gold and silver coin system. Time can only tell when the world is ready to do another currency upgrade. Only this time, there won't be a place for tangible currency. Everyone will bank online, transact online, get paid online, and even pay their taxes online. Putting these into words just now, I realize that maybe having any and all financial transactions done online wouldn't be such a bad thing. I think we'd even be pro-environment for not cutting down so many trees to make paper money.
Anyway, fast forward to year 2020, I hope I still get to bump into you in the cryptocurrency community – and maybe by that time, as a millionaire. After all, we never really know what's waiting for us in the future. As long as you're still with cryptocurrency and I'm still with cryptocurrency, our paths are bound to cross again sometime soon. And who knows? Maybe next time, we'll not just be conversing on a screen but face-to-face!