Trading and Investment Knowledge Gap
Trading and investing in digital assets is still a nascent industry. Although the market holds significant potential, we’re far from having regulations, standardization, and establishment of best practices for the efficient fundamental analysis of digital assets.
New users with limited technical or financial knowledge find it challenging and/or too risky to enter the digital asset market.
The lack of financial trading knowledge and fundamental analysis knowledge on digital assets makes investors particularly vulnerable to the volatility of these assets. To be able to trade and invest successfully on the digital asset market while taking advantage of its high liquidity, investors need to rely on the know-how and best practices of star traders. Unsurprisingly, the best practices of cryptocurrency trading are not easily acquired by the public. As a result, the digital asset market remains off-limits to a large portion of interested traders and investors who lack the time and resources to educate themselves on how to trade and invest in digital assets.
Eravitt will help close the trading and investment knowledge gap via a suite of tools and features such as the follow trader function, that allows subscribers of all levels of sophistication to interact.
Information overload and disinformation are two of the biggest issues facing traders and investors in the digital age. The multitude of online sources, market analysis portals, alerts, notifications and expert opinions don’t necessarily mean better decisions. Once we move past a certain point more information actually means either the inability to make a decision or the decisions losing fidelity.
The main issue with readily available information is that, to be useful, it needs to be translated into knowledge. This requires careful filtration and processing of the information. For investors and traders, achieving that high level of understanding, and perhaps even wisdom, is a distinct challenge today due to the large quantity and unknown quality of the available data.
Due to its male-dominated origins, the public perception of digital assets and Blockchain software continues to be that of an industry that is unappealing, and even unviable, for women. It could be claimed that women find themselves discouraged from entering the industry due to their perceived aversion to risk. While the largely unregulated sector is still far from addressing the issue of gender imbalance, it is clear that the only way more women can be encouraged to tap into the growing potential of digital asset trading is through increasing the amount of knowledge, insight, and practice as well as informative campaigns that educate users and clearly lay out the groundwork for participating in this highly volatile market.
By providing a gateway through applications that are already heavily used by women, Social Messengers, Eravitt aims to ease the entry of women into the digital asset economy while at the same time educating them in a format they are already familiar with. Exposure to female key opinion leaders with the follow trader option will speed up adoption in this underserved market.
With the entirety of the Eravitt Platform in place, all of the active users will be able to quickly and easily receive key information from their peers and opinion leaders, and immediately act on relevant events as they see fit - and all with a single tap.
Despite digital asset investments being increasingly compelling right now, users are put off by the multitude of exchanges, platforms and services they must use to exchange fiat for digital assets. Often, you have to visit one site to exchange Bitcoin for other cryptocurrencies and digital assets, and then transfer those currencies back into Bitcoin in order to transfer them out of the exchange and back to a fiat gateway in order to exchange them back into fiat. If you’re investing in funds or other financial products – the situation is not much different either.
The need for a fast, user-friendly, fully integrated and compliant platform that ties together all channels in the trading sector is apparent. Eravitt’s aim is to streamline the free flow of funds between platform users, traditional financial markets and the emerging digital asset economy.