3commas Review: The Smart Cryptocurrency Trading Bot

3commas crypto trading bot review 2020-The best crypto trading bot

3commas crypto trading bot review 2020-The best crypto trading bot
3commas crypto trading bot review 2020 is detailed and comprehensive review of 3commas trading bot, covering all its features and important topics

3commas crypto trading bot review 2020
3Commas crypto trading bot provides access to a variety of trading tools to crypto trader to improve their crypto trading strategy. When used properly, these tools can maximize crypto trader profits and reduce your risk of loss.
3Commas crypto trading bot is best known for its trading bots. In this 3Commas review, we examine the features that make this platform so powerful.

Crypto trading bot

Crypto trading bot have received a lot of attention lately due to advances in their algorithm and growing success rate.
Nobody can watch the market around the clock, and the volatility of the crypto space makes it possible to take losses or miss opportunities in seconds.
Fortunately, a well-programmed crypto trading bot can take over the control while you sleep, eat, or do other activities
As a 3Commas user, you can copy the trading of other bots on 3 commas, automating trade orders, and track top portfolios.
With these handy protocols, you can pre-program your trading strategy based on loss and profit percentages, price points or a variety of other market conditions.
The 3Commas crypto trading bot has over 33,000 registered users with a daily trading volume of around $ 10 million.

3Commas pricing

The below image shows the 3Commas pricing in detail

3commas pricing

3Commas crypto trading bot feature

  • Automated trading around the clock: The main feature of 3Commas crypto trading bot is that you can automatically trade 24 hours a day, 7 days a week.
  • 23 supported exchanges: 3Commas supports 23 major cryptocurrency exchanges, including Binance, Bittrex, Coinbase Pro, BitMEX, Bitfinex, Poloniex, Bitstamp, Bybit, Cex, Kraken, KuCoin, OKex, Huobi, Exmo, Gate.io, HitBTC and YoBit (also) Binance DEX, Binance Jersey, Binance US).
  • Simultaneous Profit Taking and Stop Loss: Adjust trades with profit or stop loss commands to secure profits or minimize losses.
  • Trailing Take Profit and Stop Loss: Customize Stop Loss and commands with Trailing Take Profit and Stop Loss so that the limits automatically increase when a coin rises in price.
  • Sell ​​by multiple targets: You can Sell your coins by multiple targets.
  • TradingView signals and charts: With 3Commas you can display simultaneous exchange rate charts and TradingView signals in a single window.
  • Paper trading: 3Commas has a paper trading feature that allows you to fully test the platform's trading features before actual purchasing.
  • Simple and compound bots: 3Commas offers simple bots with which you can execute a trade pair and compound bots with which you can execute several trade pairs
  • Long algorithms and Short algorithms: 3Commas trading bot can use long or short algorithms. Using long algorithms, the bot buys a coin with the settings you have created and then lists orders for sale at a higher price. With 3Commas you can implement short algorithms. The bot sells a coin after you create settings and then places a purchase order at a lower price
  • Analyze and copy bots: 3Commas crypto trading bot can analyze performance and then view and copy other bot settings via 3Commas
  • Create and customize portfolios: With 3Commas you can create portfolios with any number of coins.

How to use 3commas crypto trading bot

Get started with 3Commas
Creating an account is a straightforward process. On the main page, at the top of the page, is the green "Create Account" tab.

  • Create an account
Visit the 3Commas trading bot website and enter an email address and password to register.
After confirming your account by clicking the link in the email you sent, you will have access to the dashboard.

Sign up here

  • Choose the bot type
There are four types of trading bots: short, simple, composite and composite short bots. A simple 3 commas trading bot can trade only in one pair, while composite bot can trade on multiple pairs

  • Connect an Cryptocurrency Exchange:
Use your API key to connect your crypto exchange with 3commas
3commas crypto trading bot have different features for different crypto exchnage, see detail in image below

3commas bot review 2020

  • Choose a trading pair and set the base trading size
You can select the trading pair you want your crypto trading bot to trade from the drop-down menu, and then tell your crypto trading bot how much of your preferred currency you will use during your first trade


  • Set target profit
Before you do this, you should set a safety size because you can do more controlled purchases after a dive. If a trading pair is selected by ETH / BTC and the price after the purchase of ETH falls below the original purchase price, you can use security transactions to buy more ETH with the BTC amount specified in the size of the security trade.

3commas crypto trading bot review
You can then set the target profit, which informs the crypto trading bot, in percentages, when to sell. If a target profit is set at 3%, the crypto trading bot will automatically execute a sell order as soon as this profit is realized

  • Select the type of profit taking
There are two take profit options that represent a percentage from base trading or a percentage from total volume

  • Set the maximum number of security transactions
This informs the 3commas crypto trading bota of how many security transactions it can perform before stopping, and the maximum number of active security transactions tells the merchant bot the number of active security transactions it can perform at any given time


  • Set the price variance to open security deals
This tells the 3commas crypto trading bot when to start executing security transactions and is set as a percentage. If set to 3, if the price of the selected currency falls 3% below the original trading price, the trading bot will start executing security transactions.

  • Set the trading start conditions
This informs the bot when the first trade should be completed and there is a choice between TradingView Signal Buy or Strong Buy, TradingView Signal Strong Buy, Manual or Open New Trade ASAP.

If you follow these steps, a 3commas crypto trading bot can be configured in just a few minutes and the whole process is so simple that more beginners can successfully follow. The platform is still detailed enough to attract experienced traders as well.

How safe is 3Commas?

It should be noted that you actually do not have any money on the 3commas and your trading bots cannot withdraw from your linkedaccounts.
Like other trading bots, your 3commas crypto trading bot connect to your Exchange accounts via the API and then carryon automated trading on the exchanges you linked
These keys provide trading bots with limited access to user accounts to conduct trades only and do not grant bots any withdrawal rights.
This also means that if your account is compromised and nefarious actors could take control of your trading activities, they still cannot access your exchange accounts directly to make withdrawals.

Is 3Commas for beginners?

The platform is generally fairly easy to navigate even for new cryptocurrency trader, and the trading bots are easy to set up.
Various functions are easily accessible from your account. You can connect to an exchange at the push of a button and set up intelligent trades and bots.
The dashboard is also clear and users can quickly select their preferred tabs and functions from the side window.
In addition, features such as bot analysis, which lists the best performing bots and trading pairs as well as the market, are well executed and easy to understand. While the portfolio creation, tracking and social trading features are suitable for both new and experienced traders.


Most Crypto trading bot are difficult to use. However, 3Commas has created a trading bot that is easy to set up, customize, and easy to use.
It is also reliable compared to its lower quality competitors and is one of the best crypto trading bot
3Commas is considered the most reputable trading bot
The 3commas is completely transparent in terms of operation and location, and we know exactly who is running the company. We also appreciate 3Commas customer service, which is available 24/7 through several contact methods.
As mentioned above, there are inherent risks when trading cryptoassets. However, since many expect Bitcoin price to rise in the next few years due to halving under other driving factors it may make sense to start with a proven trading system like 3commas to see if You can earn more Bitcoin and see how the value increases in the future.
With features like portfolio creation and tracking, bot customization, best compatibility with cryptocurrency exchange and much more, 3Commas is one of the best trading bot platforms available today.
ViSIT 3commas Crypto Trading Bot
submitted by jakkkmotivator to thecryptobasic [link] [comments]

crypto trading bot review

What are crypto money trading bots?
Cryptographic cash trading bots are modifying programs expected to manage your advanced cash trades. These algorithmic trading programs discuss directly with computerized money exchanges to interpret grandstand data and a short time later put in buy or sell demands for the good of you.
There are a couple of unmistakable ways you can utilize a bot to execute your crypto trades. There are untouchable bots that can be approved to customers accordingly for a cost, similarly as bots that can be gotten to in vain through open-source stages. If you have the specific ken-how, you withal have the option of actuating your bot.
How might they work?
Most advanced cash exchanges underwrite you to associate with their phase by methods for an application programming interface, or API. This is essentially an interface that allows you to send and get full-scale sorts of data to and from the exchange — for this circumstance; a bot can get cost and market data from the stage and put in buy and sell demands.
Proposed to automate your crypto trading, bots screen esteem kinds of kineticism and market designs predicated on a ton of parameters prearranged by you. They can separate nuances, for instance, esteem, trading volume and an extent of specific bespeakers over various exchanges to choose when to put trades predicated on your predefined trading system.
Most bots are by chance exceedingly versatile and can be redone as per your favoured trading method.
What benefits do crypto trading bots offer?
For what reason would it be a smart thought for you to think about crypto trading bots? For the right kind of vendor, bots can offer different focal points:
All day everyday trading. As opposed to stock exchanges with their normal trading hours, ecumenical crypto markets are open each moment of consistently. Clearly, staying over market sorts of kineticism at horrendously badly designed occasions of the day and night is basically infeasible for a human, so utilizing bot sanctions you to pick up by conditions you may somehow miss.
Fast execution. Market shifts unfurl rapidly in the domain of modernized fiscal structures. Bots are prepared for planning market information and following up on it extensively more rapidly than the ordinary dealer, giving the likelihood to respond rapidly to open entryways as they rise.
I have diminished human screw up. Physically entering trade nuances yourself reliably introduces the threat of human misstep. Using automating trade execution by methods for a bot, this risk is decreased.
Expel the inclination from trading. Individuals can allow emotions to cloud their fundamental initiative and overrule their better judgment, which can make it difficult to stick to a trading framework every so often. Crypto trading bots expel emotions from the condition, discovering that trades are set when certain parameters are met.
Competency to separate. Utilizing a bot can approve you to trade over different records or experiment with sundry trading procedures. This can profit you spread peril over a combination of crypto assets.
Backtesting. Got a start for a trading framework yet dubious about whether it will work? You could utilize a bot to perform backtesting, which is the spot you test your philosophy utilizing recorded
showcase data to choose if it could be an appropriate decision. Clearly, you'll need to review that past execution is never a strong bespeaker of future execution.
Perils of utilizing crypto trading bots
Up to entrusting any of your mazuma to a bot, decide you're plenarily mindful of the hazards related with utilizing crypto trading bots:
Traps. Traps are a champion among the most widely recognized issues in the crypto trading bot space. It's fundamental that you completely investigate any bot ahead of time of use to benefit shield your mazuma against swindlers. For example, if you keep running over a bot that ensures "guaranteed" noteworthy increases, this should sound cautions.
Setting and ignoring. There's an ordinary confused judgment that once set up; a bot can simply be left to do all the strenuous exertion for you and make mazuma while you rest. This isn't the circumstance. Rather than being simple income engenderers, crypto trading bots need constant checking and adjusting as monetary things change.
Low-quality programming. The idea of programming changes beginning with one bot then onto the following and utilizing an insufficiently coded bot could influence you to lose mazuma. That is the reason you require to test for a reliable bot with an exhibited notoriety of progress.
Woeful procedures. The crypto grandstand is on and on progressing, and trading methods need to keep habituating to achieve thriving. If you separate a bot with a pass� or essentially inadequate strategy, plan to lose mazuma.
Fail to set stop-disaster limits. If there should arise an occurrence of a "streak crash," where the expense of an advanced cash dives rapidly, merchants who have not set stop-mishap circumscriptions could suffer unadroitly substantial disasters.
Crypto promote involution. There's simply so much that exchange data can edify you concerning what is happening in the crypto promote. From tech progressions to the online talk plant, there are various diverse factors that can drive esteem kinds of kineticism.
Crypto trading bot procedures
Crypto trading bots can be habituated to complete a wide extent of trading methods. Presumably, the most routinely used strategies include:
Market making
Example trading
Mean reversal
Bot trading tips
There are a ton of direct things you can do to dismiss your attack into crypto bot trading completing off with tears. Learn you:
Do whatever it takes not to give your bot withdrawal get to. Overall, there's no objective to give a bot approval to pull back resources from your record, so preventing withdrawal access can be a fundamental strategy to forfend yourself. Clearly, on the off chance that you're performing trade trades between exchanges, you will require to surrender withdrawal get to.
Use two-factor check. Enabling two-factor approval on all exchanges, records, wallets and crypto ventures can give an extra layer of a barrier for your mazuma. Learn you withal set overpowering passwords.
Backtest your frameworks.Backtesting sanctions you to tribulation your trading strategies utilizing certain data. While there's no attestation that a procedure which would have worked in the past will be gainfully compensating, later on, it justifies running a couple of generations to choose on the off chance that it might justify putting your philosophy into usage in the genuine world.
The best strategy to winnow an advanced cash trading bot
Decide you consider the going with segments when taking a gander at crypto trading bots:
Trading framework. What methodology or procedures can the bot complete? What barely publicize data and specific bespeakers would it have the capacity to research and what parameters would you have the capacity to program in?
The effortlessness of advantage. A couple of bots have pre-altered techniques set up and yare to go while others approve you to program them in any case you operate so you can execute your own system. The right stage for you may depend upon your drag of trading and coding perception, so discover any program you operate is easy to appreciate and use.
The best technique to make changes. How simple is it to adjust your trading procedure and parameters? Is the bot expected to, therefore, rebalance your portfolio on a standard substructure, or is it up to you to make modifications as you apparently observe fit?
Cost. A couple of bots don't charge trading costs anyway many do. Break down the cost of different decisions and find you ken unequivocally what you're paying for.
Life expectancy. What exactly degree has the bot been close? Is it a beginning system, or does it have a long history of prosperous use?
Reputation. Does the bot have regard among the more broad crypto arrange? Check online talks for reviews from various customers to observe whether the bot is certifiable and if they would recommend utilizing it?
Exchanges. While most genuine bots will work with most reliable exchanges, discover any program you operate will underwrite you to trade on the exchange(s) you operate to utilize.
Essential concern
Cryptographic cash trading bots can be an enormously accommodating execute for vendors, anyway exactly when used luckily. They offer a pack of key focal points, for instance, having the ability to on and on interface with the market and expelling the inclination from trading, yet they're undeniably not a "silver shot" that can ensure you'll make an advantage.
The various dangers related to crypto trading bots mean the best philosophy is to proceed with caution. If you ken what you're doing and you're set up to never-ending screen execution, trading bots can make a chief part out of your general trading system. Regardless, wagering everything and utilizing bots as the be-all and end up at ground zero most of your crypto trading methodology isn't recommended.
Determinately, learn you thoroughly investigate any bot to ensure its validness and paying little respect to whether it could be a reinforcement trading execute for you.
submitted by restpage123 to digitalseo [link] [comments]

The 15 Best Crypto Trading Bots (Reviewed)

The 15 Best Crypto Trading Bots (Reviewed) submitted by stratguy56 to btc [link] [comments]

crypto trading bot review

What are crypto money trading bots?
Cryptographic cash trading bots are modifying programs expected to manage your advanced cash trades. These algorithmic trading programs discuss directly with computerized money exchanges to interpret grandstand data and a short time later put in buy or sell demands for the good of you.
submitted by Rakibulhasanratul to u/Rakibulhasanratul [link] [comments]

Crypto Trading Bot Review|Telegram Bitcoin Trading Bot Scam or Legit

Crypto Trading Bot Review|Telegram Bitcoin Trading Bot Scam or Legit submitted by bitcointelegrambot to u/bitcointelegrambot [link] [comments]

Some of the top crypto trading bots reviewed - viable long-term options?

Some of the top crypto trading bots reviewed - viable long-term options? submitted by polagon to CryptoMarkets [link] [comments]

Do Trading Bots Control The Cryptocurrency Markets?

Do Trading Bots Control The Cryptocurrency Markets?
Supposed You've researched the market price for the coin you want to buy and it is low enough, and you've decided the time is right to buy it. You immediately go to the Binance exchange and place your limit order, hoping that a slight price drop will allow your order to complete quickly.
But wait ... what just happened? After placing your order, you notice another buyer place a large order with a marginally higher price, pushing your order below the queue.
He says "fair enough" as you decide to increase the bid price of your order to keep your order in the queue and once again your order is pushed downwards and new order just appears above your order and before you know it, that attractive pricing opportunity you wanted to take advantage of is gone.
How annoying!
Why did this happen? In other words, Crypto Trading Bots.

Crypto Trading Bots

What Is A Bot?

A bot is an automated trading entity that is programmed to identify market trends and automatically execute trades. Using algorithms, these robot operators can replicate what human operators would do in response to various market scenarios. But crucially, bots can process information and make business decisions much faster than humans. And the bots they just keep improving.
They use a wealth of market data to examine trends, update their algorithms, and eventually make more informed and profitable business decisions.
Today, bots are used in many financial markets by high-frequency traders to exploit small price anomalies. Markets like currencies have undergone a bot revolution in recent years. The days of crowded commercial flats overflowing with merchants yelling "Buy!" and "Sell!" they are gradually becoming a thing of the past.
And e-commerce facilities and rows of computer servers have come in their place as automation takes hold.

Bots And Crypto Markets Are Perfectly Matched

Bots are now proving to be especially popular within the crypto community, from sophistication from free services designed for everyone to more expensive subscription-based bots for professionals.
Crypto exchanges are proving to be the ideal playground for bots to expand their influence:
Unlike traditional financial markets that normally close evenings and weekends, crypto markets are open 24 hours a day, 7 days a week. This makes them ideal for automated trading: humans sleep but trading bots do not.
With some cryptocurrencies now tradable on dozens of exchanges, the abundance of arbitrage opportunities that have arisen can be exploited more efficiently by bots than by traders.
Last year, Bloomberg set the amount of automated Bitcoin trading on some exchanges to 80% of total trade volume. Bots could also be partially liable for the massive price changes we've seen in the crypto markets.
But what is certain is that a large number of exchange order books are being influenced by bot action. And these bots can produce merchants to buy at a higher price or sell at a lower price than they originally intended. It is often the case with limited orders that bots will be the lowest offer and/or demand prices on the market, and largely the rest of the order book.
Also, bots are annoying to deal with! Seeing that your offer is outnumbered almost instantly, and by a robot, not even another merchant, can be very irritating, especially if you place your initial order intending to capitalize on what you think is a 'wrong price' in the market.
Looking at market orders, you can also observe a series of bot orders of insignificant quantities that exist close to the market price, before the initial order of any true important quantity is further from the market. Again, bots are trying to trick you into placing a market order that fills up instantly, but most of which will be filled against the large order at a worse price.

Counter Crypto Trading Bot Activity

It can be tempting to outperform the robots simply by resubmitting your limit order with a slight lowering the price although such a single trade strategy may not significantly harm your end-of-day earnings if you are a serious crypto trader who conducts multiple trades on multiple exchanges every day, these small but frequent annoyances will inevitably amount to considerable long-term loss.
As such, it may be preferable to keep your order at the price you originally intended. If there is at least some volatility in the market, then your order will complete if you are not in any particular hurry, it is also recommended to take a minute to observe the behavior of the order book. Often bot orders will appear and then suddenly disappear, or move around the book due to constant price adjustments being made. By trying to identify bot intentions, you can end up in a more informed position regarding how and when you place your order.
Of course, buying a bot yourself could also help. As more data is collected on the price behavior of various crypto assets, these machines will only evolve further and become even more sophisticated in their business competition.
But whatever you do, being aware of the existence and influence of bots will help you avoid getting carried away by a sub-optimal trading position.
submitted by jakkkmotivator to thecryptobasic [link] [comments]

Is This Again A Bear Market as Bitcoin Falls 1400$ In One Single Week

Is This Again A Bear Market as Bitcoin Falls 1400$ In One Single Week
This week, equity markets had their worst week in 12 years, and when this collapse happened, the crypto market also saw a blow.
Cryptocurrency market had a significant sell-off this week, and this result is relatively reasonable given that people are selling their assets for fear of possible economic instability. Other safe havens such as gold and silver also saw a massive sell-off on Friday.
Will the crypto markets find support in the coming weeks, or will we see a sustained downward trend in momentum?

The Selloff takes place after Bitcoin lost key support at $ 9,400

Bitcoin's price found resistance at $ 10,400, after which a test of $ 9,400 support was urgently needed. The $ 9,400 level was unable to provide sustained support, and when the price fell, it resulted in a significant sell-off across the crypto market.
The sell-off led to the next support range of $ 8,200 to $ 8,400, and many horizontal levels are in place to provide potential temporary support and space for an aid rally.
However, in the short term, many believe that the upward momentum is outside the markets as Bitcoin's price reaches a lower low (a key indicator of downward momentum) in the daily timeframe.
Does this mean that the entire crypto market will reverse course and start to decline? Not at all. Bitcoin's price is still 27% higher than January 1st, making Bitcoin one of the most powerful assets of the year.

The weekly chart focuses on the 21-week MA

The weekly chart is currently based on an exciting MA (Moving Average), namely the 21-week MA. The previous bull cycle held this level as support for the bull summit in December 2017, which makes it an interesting indicator for bulls to hold onto.

If the price could find support at this level, it could mean that the upward momentum will continue in the coming period.
The weekly chart also clearly shows the massive sell-off of the past week. However, it is currently based on potential support. Holding the green zone at $ 8,400 would be in line with the 21-WMA and may grant an aid rally.
For sustained upward momentum, it is critical that a break from the previous high of $ 10,400 take place, but such a move could take some time. The market must find support before these levels can be reached.

If the Bitcoin price at $ 8,400 doesn't find support, the next target is $ 7,500 to $ 7,700.
submitted by jakkkmotivator to thecryptobasic [link] [comments]

What Are Trading Bots

In the virtual world, a bot is a program that is configured for repetitive actions. They are written to save a person from mechanical and monotonous work.
The bots for trading cryptocurrency are no different from their counterparts in general: they are set to trade mechanically on the exchanges according to defined parameters.
The simplest versions of bots buy cryptocurrencies when the exchange rate drops and sell when they grow.
Since many people trade Bitcoin passively and therefore cannot spend much time analyzing the market, Bitcoin bots allow users to build more effective trades without having to stay in the market.
Although the cryptocurrency market is much less developed than other financial markets, the digital nature of the market means that the technology didn't take long to keep up with the competition, even though it had significantly less time to integrate algorithmic trading

Can I trust a trading bot?
Due to the popularity and rapid growth of the crypto world, the cryptocurrency market is full of phishing bots designed to get your data to completely steal your money or personal account.
The crypto exchanges are not responsible for the security of the user's money in the event of hacking your account. Also in the event that you transfer your personal funds and data to third parties.
Be careful with the software you are using and pay attention to the other user's feedback. It is important to find a reputable trading bot that is free from coding errors and reduces downtime to a minimum.
The security of the account for "stolen" information is on your shoulders.

Main types of bots:
A trading bot is software that interacts directly with exchanges (often using the API to obtain and interpret relevant information) and, depending on how market data is interpreted, places buy or sell orders on your behalf. Bots make these decisions, track market price movements and react according to the pre-defined and pre-programmed rules. Typically, a trading bot analyzes market actions such as volume, orders, price and time, although these can usually be programmed according to your taste and preferences.

Trade bots
Trade within a single cryptocurrency exchange, earn income by buying currencies at a low price and selling at a higher price.
Arbitrage bots
If they are the same trading robots, they only trade on multiple exchanges and earn income by buying currencies on the exchange where the price is lower and selling on another exchange where the price is higher. Although the spread between exchanges is now much narrower, they still appear from time to time, and trading robots can help users take full advantage of these differences. In addition, arbitrage can also be used by traders who want to include futures contracts in their trading strategies. They benefit from any differences between a futures contract and its underlying asset, taking into account futures contracts that are traded on different exchanges.
Market creation -
In order to implement strategies for creating markets, border orders for buying and selling must be defined in the vicinity of the existing market situation. When prices fluctuate - the trading bot automatically and continuously places limit orders to take advantage of the spread. Despite the fact that it can be beneficial in certain time periods, intense competition for this strategy can make it unprofitable, especially in conditions of low liquidity.
Are trading bots useful at all?
Trading bots react to the market. They collect the data needed for trading execution based on the analysis of the trading platform. However, the crypto trading platform can only tell "half the story" because many increases and decreases are based on other sources that cannot be programmed into a bot for analysis.
What can I do to get the most out of the Crypto Trading Bot?
The main rule: Coins in which you invest should be chosen very carefully.
Tracking the latest developments in the market is also effective. You should look for a lot of clues as to whether certain trades are successful or fail.
Well-made bots can be a tool that helps you stay one step ahead of the market. You can execute transactions based on the parameters of the developer or the parameters you set.
Some of them even offer the opportunity to copy more established dealers and analysts - and fully assess their track record.
submitted by jakkkmotivator to thecryptobasic [link] [comments]

Binance CEO said bitcoin halving price affects are not yet in

Zhao suggested in an interview on February 20 that Bitcoin's price will continue to move up in the future because of bitcoin halving 2020
The CEO explained that Bitcoin's block reward halving has had a positive impact on the price of the coin in the past. Admitting that historical events do not necessarily predict future events, he found that miners have to spend almost twice as much to mine a single coin.
BinanceCEO Zhao found that the price of an asset depends on demand, not production costs, but expects the miners to be unwilling to sell below the production price.
Demand increases while supply decreases
In addition, Zhao said another consequence of a lower Bitcoin block reward is lower inflation, which should also contribute to the price hike. He noted that the effects of lower coin production are increased by an increasing number of users in the room, and said:
"The demand side increases, the supply side decreases."
However, Zhao also said he expected resistance to keep Bitcoin's price at $ 10,000 for some time, saying, "There are psychological barriers to nice round numbers. So 10,000 is a very nice round number, so the price [...] will fluctuate a bit. "
Investors are increasingly optimistic about Bitcoin
While the price of Bitcoin has just dropped below $ 10,000 again, the outlook for Bitcoin is largely positive, according to many experts.
50-day moving average of Bitcoin has exceeded the 200-day moving average. Known as the "golden cross", this rare bullish sign suggests that Bitcoin can hit $ 26,000 in just two months thanks to a bullish event that previously triggered a price increase of 170%.
submitted by jakkkmotivator to thecryptobasic [link] [comments]

Beginner's Guide to Trading Crypto. Part 12

Beginner's Guide to Trading Crypto. Part 12

Crypto Trading Bots: The Servants That Make You Rich

The classical stock market has its phases, since it sleeps and awakens to resume trading. Unlike the traditional financial market, the crypto market never sleeps and trades nonstop. Such an approach can be quite profitable for those who resort to modern means of replacing themselves at the screen to go to sleep and let trading continue in automatic mode.
The advent of trading bots allowed not only traditional market participants, but also crypto market enthusiasts to make profit nonstop at speeds and functional capabilities that humans will never be able to achieve.

Trading Bots

In essence, trading bots are software programs that are installed as add-ons on financial software interfaces. Acting as automated trading operations facilitators, the trading bots execute strategies and actions that they are programmed to perform by the traders. Trading bots can place buy and sell orders based on parameters and algorithms, while more advanced models of bots are capable of conducting in-depth analysis of financial markets to reveal profitable avenues and approaches to strategies.
The bots themselves rarely take action on their own, as traders program them to analyze market volumes, cups, dynamics and other parameters to act based on a pre-determined strategy. Though highly popular on traditional markets over the last decade, trading bots are quite restrictive in both their price, which can start from $10,000 on a Bloomberg trading terminal, and their limited functionality. However, the advent of blockchain and cryptocurrencies together with AI and neural networks has allowed trading bots to evolve into more advanced constructs capable of relatively independent “thinking” that allows them to take action based on a variety of aggregated datasets.

Cryptocurrency Trading Bots

Cryptocurrency trading bots have arisen together with the advent of crypto exchanges. It did not take programmers long to develop bots capable of monitoring the crypto market and executing strategies. The similarities between the crypto and traditional markets have made the transition even easier.
Like their traditional counterparts, cryptocurrency trading bots act on the basis of data they aggregate from a variety of sources, namely the crypto exchanges. They analyze market parameters and execute the strategies that the traders program them to perform. Cryptocurrency day trading bots are the most popular type, since day trading still provides the biggest scope of opportunities for making profits on heightened market volatility. Bitcoin buy and sell bots are some of the most popular constructs tailored for the market.
The logical arising question of how to make a cryptocurrency trading bot is a fairy popular one on the web, and the answer is not as simple as it would seem. Making a crypto trading bot is the job of traders/programmers who are qualified enough to make a piece of software capable of coping with vast amounts of financial data. In fact, cryptocurrency trading bots are available from open sources on the web and there are dozens of template software samples available to tailor any need.
The internet is also awash with crypto trading bot reviews, which include Bitcoin arbitrage bots, day trading bots, specialized crypto coin trading bots and many others.
Apart from expensive and highly advanced crypto trading bots, there are also free models that are available to average users. The constructs available range from beginner to advanced trader level in their complexity and user interface friendliness.
Apart from average trading bots, there are also arbitrage bots, which are also software programs that have features allowing traders to set up a variety of parameters that will directly affect the bot's behavior. With such an approach to trading, the bots can enter various exchanges that support them and trade in autonomous fashion on the trader’s behalf. The main advantage of arbitrage bots is that they can make instantaneous decisions depending on asset price movements to make profits for the trader.

The Main Types Of Strategies Used By Bots

Since trading bots largely act as avatars for traders, they mimic the strategies that the traders program them to execute. Some of the most popular strategies that bots are used for are the following:
Trading on the exchange is the classic norm under which a bot is programmed to buy or sell some assets at predetermined prices by placing buy and sell orders.
Arbitrage is the simultaneous purchase and sale of an asset for the purpose of making a profit from an imbalance in its price. Identical or similar financial instruments on different markets or in different forms have different prices, and by exploiting those differences, the bots make profits for the traders.
Market making is the third most popular strategy employed by trading bots. Namely, market making is the execution of strategies or sell-side methods designed to capture spreads, otherwise known as the difference in price between buys and sells. In essence, the bots act as market makers, essentially acting as a guaranteed counterparty for other traders that are single directional in the market.

Other Useful Features

Trading bots are not only about trading, as there are some constructs which were designed as assistants to traders rather than as direct replacements or avatars. There are bots that are designed as market dynamics analysts, others act as aggregators of information that provide detailed market charts, while some are deigned to filter out useful information in news backgrounds that can affect asset prices. The variety of bots on the market is immense and they have been around for far longer than the crypto market itself. In fact, many bank tellers, online shop assistants, even surveillance systems are actually bots, which have been designed to perform specialized features.
The same applies to the crypto market, where the merger or AI and neural networks has given birth to invaluable constructs that help traders and enthusiasts make sense of the market.

The Risks

Needless to say, there are risks involved with using bots as well. Since the software is imperfect by nature of its automation, limited independence and lack of critical thinking outside the set parameters, bots should be monitored constantly and are by no means a panacea that would ensure profits. Bots are more like assistants that can take over for the trader for a limited time and execute mundane tasks. More complex tasks, such as analysis of charts, in-depth technical analysis and decision making are still the responsibility of human traders.
The risks of loss run high if trading bots are abused or left unchecked. Given that the bots cannot always spot market movements that have to predicted, it is highly advised to use bots with caution and rely on personal involvement in the trading process.
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Originally posted on our blog.
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Top 9 Crypto Bot Trading Platforms [Detailed Review]

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Coinrule Review-A Crypto Trading Bot Perfect For New Traders

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Guide to the 6 best Crypto Trading Bots & platforms reviewed & compared (x-post from /r/cryptocurrency)

Guide to the 6 best Crypto Trading Bots & platforms reviewed & compared (x-post from /cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Wealth Matrix Reviews : Trust worthy Crypto Trading Bot Software?

Wealth Matrix is a United Kingdom based organization that vows to remove all the problem from purchasing and selling bitcoins. Peruse our Wealth Matrix audit to discover how it functions.
What is Wealth Matrix?
Wealth Matrix, discovered online at Wealth Matrix.co.nz, is a bitcoin installment stage that vows to finish your exchanges in a quick, secure, and helpful way. The stage is provided food towards occupants of New Zealand and cases to be the nation's "head digital currency trade." The stage is New Zealand claimed and worked.
Like other bitcoin trades, Wealth Matrix allows you to purchase and sell cryptographic forms of money over their web based exchanging stage. The primary bit of leeway of Wealth Matrix is that you can exchange the New Zealand Dollar (NZD) for bitcoin and different digital currencies.
Wealth Matrix propelled three months prior. An ongoing public statement indicated that the stage has encountered "fast development". In a quarter of a year since dispatch, Wealth Matrix has handled over $600,000 worth of exchanges.
Personality and Verification Requirements
You can start exchanging on Wealth Matrix by joining through the official site at Wealth Matrix.co.nz.
You'll have to confirm your personality with the stage just in case you're storing cash through bank move. You can buy bitcoin with money store without submitting personality archives.
On the off chance that you're storing cash by means of bank move, at that point you'll have to present a significant number of recognizing reports, including:
A photograph of your New Zealand driver's permit or identification
A photograph holding your ID close to your face
A photograph of you holding a bit of paper with the date and time and "Wealth Matrix" composed on it
A service bill or letter from the most recent three months with your name and address on it
When you've presented each one of those archives, you can move cash to Wealth Matrix by bank store.
Then again, you can store cash through money stores without the requirement for personality confirmation. You can likewise store by means of an in-person exchange in Christchurch.
Which Currencies Can You Trade?
Wealth Matrix is one of the most famous cryptographic money exchanging stages New Zealand. It permits clients to legitimately trade bitcoin and different digital currencies for fiat money. The most mainstream exchanging sets incorporate bitcoin, Ethereum, and Ripple over the New Zealand dollar.
The trade intends to present different digital forms of money as they keep on developing.
Wealth Matrix Features
The center publicizes highlights of Wealth Matrix include:
Quick: Transactions can be finished in as meager as 5 minutes, or no longer than an hour probably.
Secure: "We utilize an outsider escrow administration for your true serenity" (Wealth Matrix utilizes Local Bitcoins as its escrow accomplice)
NZ Owned: Wealth Matrix is 100% Kiwi claimed and worked.
About Wealth Matrix
Wealth Matrix was established by Geoffrey Palmer. The organization propelled in mid 2017.
You can contact the organization by email at [email protected] Matrix.co.nz. There's restricted data about the organization or the trade accessible on the web. Be that as it may, the main notices of Wealth Matrix happened on March 28, when the organization gave an official statement reporting the dispatch.
In that official statement, Founder and Owner Geoffrey Palmer depicted the organization as "A cryptographic money exchanging stage, focused on purchasing and selling bitcoin at the most serious rates avialable today."
The official statement proceeds to clarify that the objective of the trade is to make bitcoin "an open type of speculation for regular New Zealanders."
Wealth Matrix gives off an impression of being situated in Christchurch.
Wealth Matrix is a digital money trade that is 100% New Zealand claimed and worked. It's one of only a handful hardly any trades where you can exchange the Kiwi dollar for famous digital forms of money like bitcoin, Ethereum, and Ripple.
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CoinRule Review: Automated Crypto Trading Bots Platform

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3Commas Review 2020-Best Crypto Trading Bot

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Cryptify Trading Bot Review - Is it a Scam or a Legit Crypto Telegram ROI App?

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CRYPTO GENIUS 2020 – Trading Bot Review - newsBTC

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BXEN Review (Crypto Arbitrage Trading Bot)

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BXEN Crypto Arbitrage Trading Bot — Review…

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TOP 5 Cryptocurrency Trading Bots - Crypto Trading Bot ... TOP 5 Cryptocurrency Trading Bots - Crypto Trading Bot ... Cryptotrader Trading Bot Review APITRADE CRYPTO TRADING BOT REVIEW AND STATISTICS Crypto trading bot review

CryptoTrader is a cryptocurrency trading bot that has been making the rounds for a while; launched in 2013, it served its customers during the past 5 years or so (even used to support trading on MtGox). The bot can be downloaded from the cryptotrader.org domain and shouldn’t be confused with the scam that is Crypto-Trader(dot)co. There’s a lot of competition in the Crypto trading bot industry. So now we’re reviewing Live Trader Crypto bot whose website is Livetrader.io. Most traders wonder whether Live Trader bot can be profitable in the long run. They offer a 7-day free trial, plus the user interface and features have been praised. best bitcoin bots, best crypto bot, best crypto trading bot, crypto trading bot review 2020, crypto trading bots 2020, haasbot, top bitcoin trading bots Risk Disclosure The information provided is not to be considered as a recommendation to buy or invest in certain assets, currencies, or software and is provided solely as an educational and Cryptotrader is a cloud-based trading platform that incorporates a variety of trading bots and helps to automate the trading process.. The platform allows users to engage in algorithmic trading and aims to provide cloud-based trading solutions for both experienced cryptocurrency traders and anyone who may be a new entrant to the sector. Top 16 Best Crypto Trading Bots in 2020 1. Cryptohopper. This might be a new bot in the crypto trading market. However, this newcomer has managed to turn heads due to the wide array of features that this bot provides. One of the downfalls of most trading bots is that they run on your local machine.

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TOP 5 Cryptocurrency Trading Bots - Crypto Trading Bot ...

This video is an honest review of the CrowTrader algorithmic trading bot. Fez's explains what a trading bot is, why you might consider owning one and how to set up this bot, quickly and easily. Apitrade crypto trading bot executes trades with your exchange account 24/7 on your behalf. Completely safe, cannot withdraw your Bitcoin. Winning trades while you sleep. Builds your portfolio a ... Some bots are better for beginners and some more advanced crytpo traders. View the pros, cons and features for each of the crypto trading bots we review. View individual crytpo trading bot videos ... Doing a quick review on crypto trader trading bot https://cryptotrader.org/ If you enjoyed the video and want to see more content like this don't forget to hit the ... View the pros, cons and features for each of the crypto trading bots we review. View individual crytpo trading bot videos below or view the full crypto trading bot review here: