The economic calendar is a must in trading Fiats. From Monday to Friday it should also be used to aid your investment strategies in the crypto-economy. (link below)
http://www.myfxbook.com/forex-economic-calendar
Having live economic information available "on tap" like this is pure gold as it will allow you to gauge the economic stability and growth in most countries far more accurately. Increased spending patterns in Korea (as example only), is an indicator that more money is circulating through the economy. This could be seen as an "indicator" that more money will also flow into the Korean driven Bitcoin economy.
Monitor trade volumes, find out where the investment is coming from, and keep on top of economic data coming out of the region. It's worked well for me so far, and I don't see any reason why continuing to overlay "real world" economic principals to investing in the crypto-economy won't continue to work into the future.
I'd love to hear your thoughts on some of the economic indicators I am using. And feel free to leave any questions or constructive criticisms (don't just bag me) in the comments below.
Stay stoked, keep frothing, and always remember..... an informed investor is a successful investor
Fish (The Beach Bum Investor) @beachbuminvestor BWA Represent.
Thank's fish! I never thought that about overlaying the economic calendar with the krypto
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No worries @jordantondy. Look for Japan's economic data to have a bigger impact on the crypto-economy going forward...... I think the JPY is about to become a much big player in the crypto world.
Fish
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