Max Kortrakul, CEO of cryptocurrency trading platform Carboneum offers his insights on Bitcoin and solutions to resolve its price volatility.
“Over the last few days the price of Bitcoin has fluctuated hitting a low of $5,825 for 2018. Many would presume that the death of Bitcoin is upon us due to its steady decline in value since the beginning of the year but in my opinion this is certainly not the case. Volatility and the cryptocurrency market go hand in hand and Bitcoin’s price has always been exposed to external factors that have affected its market value such as large sell offs or security breaches. Bitcoin is now back up to over $6,000 which shows there is still optimism within the market.”
“Increasing security measures on exchanges and trading platforms will help decrease some of the external factors that affect the price of Bitcoin. This will put investors’ minds at ease by decreasing the risk of hacking and therefore, the trader will invest more in Bitcoin and cryptocurrencies as a whole.”
Carboneum is creating a democratized infrastructure of social trading platform with a proprietary application. Where traditional social trading platform helps solve complexity problem, it still lacks transparency, remains vulnerable to single point of failure risk and at the very core misaligns the interests of the parties involved. The platform will be completely immune to such problems. It is built to sustain and scale with a sound revenue model where ultimate alignment of interests is structured, creating a perfectly democratized trading platform for digital assets.