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About
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Good Day Guys,
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The craze over cryptocurrencies and blockchain technologies is still on the rise.
While the price of BTC and ETH somewhat stabilized over the course of the last couple of years, many
international companies and governments started looking with more warmth towards the prospects
of using blockchain.
As technology receives best recognition and trust, the value of established cryptocurrencies
grows.
People are able to earn money by using the advantages of automated trading.
So what is a automated bot?
It is a specialized Personal Computer program that conducts transactions on exchanges automatically.
There are many types of trading bots.
However, the vast majority of them rely solely on luck and technical analysis which may not be optimal
for many reasons.
For example, technical analysis techniques may not even be applicable to some
crypto coins that have not existed for long enough to reliably predict how
various news and events affect the price.
A cryptocurrency auto trading Arbitrage bot exists in a completely different dimension.
It is a more reliable bot that operates on the basis of constant surveillance and
hard data.
The trading process looks like this:
The bot analyzes prices for the same coin on multiple exchanges.
It searches for the highest difference between the two prices of these platforms.
It makes a purchase on the one with the lowest price and resells it on the one with the highest
price.
This simple concept made many early traders into millionaires.
It was more likely to earn huge sums of money in the early stages of the
development of cryptocurrencies.
People were still figuring out the true value and the intensity of the demand.
There was innate volatility of a young financial asset that required some time to find its medians, highs, and lows.
Now, making a profit with a cryptocurrency auto trading Arbitrage bot is slightly harder yet possible.
You just need to adjust it correctly.
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