Trading Bots – Could they help in Crypto Margin Trading?

Most of the crypto Traders look for passive income owing to the nature of the market. The market shifts are so random and quick that an investor could lose all his money if he did not act on time, that’s where Trading bots come handy and have been evolving in functionality and sophistication. Our post of today would talk about the trading bots and their role in Crypto Margin Trading. Let’s get started –

What are Trading Bots?

Just as Algorithmic Trading is used by the buy-side in equity, currency or commodity markets, Trading bots that first appeared in FX or foreign exchange market, are now making their way into the cryptosphere.

A Trading Bot is nothing but a piece of code or software or a computer program that takes various indicators as inputs, analyzes the trends and market sentiments, and automatically executes your orders. Bots are a unique form of Artificial Intelligence or AI that answers your queries, shares information, perform actions and you may even not now it’s a computer program.

Bots are designed to improve over time, based on their past decisions and results they have the intelligence to refine themselves and provide precise answers/appropriate action.

Rewards of Trading Bots

One of the primary advantages of Bots is the reason for their evolution. They came into existence to make quick and precise decisions. We all are well aware of the fact that crypto world never sleeps and even a light rain shower could move the candlestick up or down, so irrespective of whether the trader is active or passive he needs to be watchful and be alert and active 24*7 is humanly impossible, then why not ask a piece of code to work for us.

Bots are the “trader” that knows the necessary data, patterns and exactly when to trade — and when not to.

Risks of Trading Bots

While Trading Bots help you to analyze patterns and get insights to indicators, they do not help you to choose trades. Which trade to pick is something you as an experienced trader need to learn yourself. So, it comes with a risk of what if you chose a wrong trade and the bot would only take it a step further may be towards gain or loss.

Another disadvantage that is associated with Trading bots is given the nature of the market; the program is yet not mature to know all the combination and probabilities of an event happening and make a decision that shows a gain. The technology is evolving, and so they need to have a working knowledge of how the market works to make the right decisions.

Trading Bots assisting in Margin Trading?

There are many Trading bots available on crypto traders to assist with Crypto Margin Trading, and each has their own distinctive features. Listing down few of them based on the popularity [ Please use these strategies at your own risk]

Optibot Margin

A premium strategy can be used at Bitfinex and Poloniex follows early trends rather than predicting the future. The bot will buy when the market is gaining momentum and sell when it’s dropping. You can know about its features and uses here.

 

Wave Trader Margin

Another premium strategy that can be used at Kraken, Bitfinex, and Poloniex is a trend bot that has built-in safe scalping. For the novice, it can be run on default settings with minimal effort. The strategies have been tuned across many coins and exchanges. You can know about its features and uses here.

While the Trading Bots sound like an effective trading strategy, it is challenging to gauge their actual performance, and no bot provider would ever provide this. In Arbitrage trading, these bots could be quite useful and have a distinct advantage as they can quickly learn about the slightest price movement and make a decision and keep scanning for such price differences across geographies. However, as the strategy gets complicated and affected by more inputs, it gets tough to rely on a computer program entirely. So, make sure to trade cautiously and be fully aware of the actions performed.

Shipping MCO visa cards – crypto.com

Crypto.com previously known as Monaco, the payment and cryptocurrency platform announced that they have initated shipping of MCO Visa cards to its users in Singapore. The MCO Visa cards are a range of prepaid cards that gets easily linked to the mobile crypto wallet app. Talking about the features, the firm stated- a metal design with no annual or monthly fees. There are also free ATM withdrawals, tap-and-pay functionality and even airport lounge access for certain card types.

Read more at sludgefeed.

Research – Most of Crypto Assets Are Highly Centralized

The beauty of Bitcoin and other cryptocurrencies lies in its decentralized nature, ensuring there is no single point of failure. However new research has found that the majority of the digital asset existing in cryptospehere are highly centralized. Cryptocompare, the cryptocurrency market data aggregator analyzed over 200 crypto assets and had published a Cryptoasset Taxonomy Report.

The report highlights that just 16% of crypto assets are genuinely decentralized, around 55% as centralized and the rest as semi-decentralized.

Read more at news.bitcoin.com

One out of five hedge funds has cryptocurrency-focused hedge fund

As per  Crypto Fund research in the first three quarters of 2018, a total of 90 cryptocurrency hedge funds were launched. The study also shows that about half of the crypto hedge funds started in 2018 were based in the U.S. Nevertheless, Australia,  Malta, China, the Netherlands, Switzerland, and the U.K have all seen various cryptocurrency hedge fund launches in 2018, as well.

Even though crypto funds are rising quickly, they still account for a small fraction of the overall industry, i.e., only 303 crypto hedge funds in operation. Crypto hedge funds also have less than $4 billion in assets under management, when compared to the broader hedge fund industry, which manages more than $3 trillion in assets.

Read more at bitcoinschannel

EurekaPro, First Fiat to Cryptocurrency Exchange in Singapore

Singapore and Thailand are shaping up as welcoming destination towards cryptocurrencies. While the Singapore Monetary Authority partnered with leading brands like Deloitte, NASDAQ, and Anquan to build and launch solutions. Thailand made strong moves in regulating the space, by classifying cryptocurrencies as both securities and currencies. Taking a step further, EurekaPro is all set to be the first fiat-to-cryptocurrency exchange that will launch in Singapore, providing easy access to the cryptocurrency market for both businesses and consumers.

The exchange will allow people to purchase cryptocurrencies with different Asian fiat currencies such as the Singapore dollar, Malaysian ringgit, Indonesian rupiah, and others alike.

Read more at bitcoinist

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