The world of cryptocurrency is a volatile one, and nowhere is this more apparent than with Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This makes Ethereum ideal for a whole range of decentralized applications, from financial contracts to domain name registries, identity management, and the internet of things.
However, because Ethereum is still in its infancy, it is subject to wild price swings. This can be seen in its native currency, Ether, which has seen its price increase by over 3000% in 2017.
While this volatility can be lucrative for traders, it also makes Ethereum a risky investment. This is where Ethereum Trader comes in.
Ethereum Trader is a platform that promises to help you make money by trading Ether and other cryptocurrencies. The platform claims to use advanced algorithms to analyze the market and make predictions about which way the prices will go.
They then claim to use this information to place trades on your behalf, and take a cut of the profits.
So, is Ethereum Trader Legit? Unfortunately, there is not enough information available about Ethereum Trader to make a definitive judgement. The platform does not disclose who owns or operates it, and there are no reviews or testimonials from satisfied users.
This lack of transparency should be cause for concern.
Additionally, the claims made by Ethereum Trader are far from guaranteed. Cryptocurrency prices are notoriously difficult to predict, and even the most experienced traders can lose money in the volatile market.
As such, anyone considering using Ethereum Trader should tread carefully and only invest what they can afford to lose.