Introduction
The increasing value of crypto assets prompted investors to start looking for ways to explore bigger profits. One popular way that can be applied is artificial intelligence (AI) technology in the form of trading bots in their strategy.
Trading bots are software that utilize artificial intelligence and machine learning to observe value movements and trade execution based on algorithms. This technology is able to assist investors in designing, executing and maintaining trading strategies in volatile crypto markets. So that users can generate greater profits with minimal risk.
Trading bots can operate by relying on predefined algorithms. These algorithms allow trading to be carried out automatically at high frequency. By using this technology, users do not need to spend time manually checking market movements.
The presence of artificial intelligence-based technology makes the trading process simpler and more efficient. Because, this software is able to handle the factors that affect the amount of user profits. For example, such as portfolio diversification, index construction, and rebalancing user portfolios.
Types of Crypto Trading Bots
Based on the objectives and information to be obtained, this technology is categorized based on its function.
Trend-following Bot
Trend is one of the main information needed by traders when making a strategy. Trend-following bots are designed to automatically track crypto asset market trends.
Trend-following bots will buy and sell your assets based on the direction of the market movement.
When the software algorithm identifies the optimal market conditions and trends for making a sale or purchase, the trading bot will immediately execute.
Arbitrage Bot
As the name implies, this software will help users generate profits by taking advantage of price differences across various exchange platforms. Arbitrage bot will track asset prices across multiple platforms and determine which ones are the most profitable, both when buying and selling. As a result, crypto asset trading has become more competitive.
For example, the value of Bitcoin on the first platform has a higher price than the second platform. Then the bot will quickly buy Bitcoin through the first platform and sell it on the second platform to make a profit.
Scalping Bot
Scalping bots work by making money by buying and selling crypto assets on the bid-offer spread conditions. The bid-offer spread is the difference in the highest price a buyer is willing to pay and the lowest price a seller is willing to pay.
The scalping bot will take advantage of the gap that occurs between the bid and ask transactions. This software will make sales and purchases of crypto assets in real time fast. When it operates, the scalping bot will immediately make transactions, even though the price difference is only a few rupiahs.
Not surprisingly, scalping bots are one of the most popular strategies traders use when trading crypto assets.
Advantages and Disadvantages of Crypto Trading Bot
Even though it sounds tempting and is the most up-to-date solution for trading. As a trader, you also need to consider the advantages and disadvantages you have to get maximum results.
1. Advantage
. Can scan various crypto asset trading platforms 24 hours a day, 7 days a week for profit.
. Because they are driven by algorithms and systems, trading bots run automatically faster than humans.
. The actions and decisions made by trading bots are not driven by greed or fear, but based on statistics and opportunities.
. Can process a lot of data in a short time.
2. Weakness
. The high frequency of use of bots makes traders the best in crypto asset trading transactions.
. A flash crash occurs when multiple bots respond to market movements in the same way at the same time.
. The number of pump and dump scams that use the algotrading system cannot be identified.
Things to Look For Before Using Crypto Trading Bot
Before deciding to use bot trading in your strategy, there are a few things you need to pay attention to.
Reputation and experience of the Crypto trading bot development team.
Choose a bot trading service that is known for its good reputation. Don't get the wrong choice. Instead of getting a profit, you can actually lose money because you choose the wrong service.
Transparency
Choose which way of working and whose algorithm is published in a transparent manner. Understand the strategy patterns developed by the developer in the bot trading algorithm.
The strategy used
Find out how bots select tokens and how they process their evaluations.
T O K E N O M I C S
- 12%: MARKETING TOKEN
- 12%: TEAM TOKENS
- 17%: UNISWAP LIQUIDITY
- 59%: PRESALE SUPPLY
1 ETH = 2,000 PIB TOKENS
- 300 000: UNISWAP LIQUIDITY
- 1 000 000: PRESALE SUPPLY
- 200 000: MARKETING TOKEN
- 200 000: TEAM TOKEN
- 1 700 000 PIB: TOTAL SUPPLY
Roadmap
April 2021
New pool opened for participating in bot dividend funds
Q3 – 2021
As DEFI market is ever-changing every moment, PIB holders will always get tools and update to navigate through the waters.
Bots for PancakeSwap, SushiSwap, BurgerSwap and market leading swaps to be launched.
Q1 – 2022
More trading tools for DEFI and CEFI!
Q2 – 2021
PIB Uniswap Trading Bot more
features to be added
Q4 – 2021
CEFI market will always be winner for those who have inside data for the market.
From market aggregation tools to AI driven data analysis. Q4 should be quite happening for PIB holders in CEFI sector.
For more information, please contact the Passive Income Bot (PIB) project below:
- WEB : https://pib.tools/
- TELEGRAM : https://t.me/pibtools
- TWITTER : https://twitter.com/pi_bot1
- Join PIB Auto bot Trades : https://t.me/pibotchannel
- Join copy trading of PIB trades to your binance account - Copy trade : https: //t.me/pibcopy
- Join PIB Announcement channel : https://t.me/pibtoolschannel
- Uniswap trading bot : https://t.me/pibtools/34
#PassiveIncomeBot #PIB #btc #bnb
bitcointalk username : Ainulyaqin bitcoin talk url : https://bitcointalk.org/index.php?action=profile;u=2787764 TRX WALLET Address : TLDbu1kpksgkhCxAv4SSagV5EVDU1WTwKw
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