Crypto TREND

In a world driven by hype and FOMO [Fear Of Missing Out]every day it becomes more clear that a diligent cryptocurrency enthusiast has to pass the litmus test of choosing a token to support in a world where real viable projects are hard to find and good projects with long-term prospects are even harder to distinguish from cash grabs. ‘shitcoins’.

With recent developments where most new cryptocurrencies hit record highs and new ICO Projects after Crowdsale fail to live up to their hype, it is now common for disappointed ‘investors’ to blame Social Media instead of blaming ICO promoters. themselves for not doing their due diligence to pick the most likely post-crowdsale winner before buying a token during the ICO.

From my extensive observations, most crypto buyers simply bought coins during the ICO based on the FOMO (Fear of Missing Out) created by the hype masters behind these coins. Many simply bought without understanding the purpose of the coin after the ICO or what the token was supposed to do after the Crowdsale. When nothing happened after the ICO, as with many ICOs now, they jumped on social media to cry bloody murder.

Recently, me and my team finished a tour to Africa and parts of USA to promote Nollycoin ICO. We have organized and sponsored different conferences, held live AMA (Ask Me Anything) press conferences and had many one-on-one meetings with Crypto whales, small investors and crypto millionaires of every color.

Despite all of this, one thing that amazed me more than anything was that MOST token holders have NO CLUE about the business or project behind the token sales they are participating in.

What was strange in my observations was the amazing fact that most people couldn’t tell you the value proposition of the project, their goals, or the company’s plan to disrupt the market and capture a share of buyers in their industry. They simply bought the ICO because some telegram or Facebook page they visited told them to “Buy”. Hodl and buy more. Most acted on herd instinct rather than objective thinking.

If most of the people I met now were just teenagers or uneducated people, I wouldn’t be so surprised at the level of ignorance of many of the crypto ‘investors’ I meet. Instead, most of the people I met were college graduates and people of some means. However, less than 10% of them could easily articulate why they bought a coin, expecting it to increase in value over time. Everywhere I went, very few people could tell me the name, experience and skill of the corporate executives of the coin company.

The only thing most of them could point to was that the coins were recommended by ‘respectable’ influencers, which the facts proved were that most of them were paid to create FOMO and gain respectability for otherwise useless shitcoins.

Apart from the so-called fake influencers, many cryptocurrency buyers all knew that the names of the team leaders were Russian, Chinese or Korean, although they knew absolutely nothing about them. All you needed to have a successful ICO was to list the names of people from Korea, China, or Russia that you wouldn’t even be able to verify with a simple Google search.

While I agree that there are many things to consider when deciding whether a project’s tokens will increase in value over time, I think the acid test and most immediate evaluation criteria should be the utility of the coin itself beyond what is happening. on cryptocurrency exchanges.

The reality is that if you’ve bought a token from most ICOs, you haven’t really “invested” in that company, even though most cryptocurrencies I’ve met don’t know it. You would not buy shares in the company and you would not buy any securities from the company.

And at best, what you were doing when you bought tokens during most ICOs was “donating” to a project in exchange for a utility token or coin that legally has no real value from the business ecosystem that the issuing company controls.

In other words, there isn’t much you can do with a token other than hope that the price of the tokens will “moon” or rise to make you a millionaire, other than enjoy the utility that the ICO company adds to it. if any

Since no one can predict exactly how a cryptocurrency will perform on the crypto market when it finally gets there, and recent experience shows that the prices of most tokens will likely drop within the first few weeks of listing (due to large speculator sales), the expected “rollover” in the market otherwise, it would make sense to consider what other value or benefit you can get from your token.

As the cryptocurrency revolution continues to shift, change, and adapt to various developments in the market, the only way to ensure that your money isn’t going down the drain is to make sure you can still use those tokens for great value and benefit. even if you can sell it for an immediate profit on the stock market.

When making this decision, you need to ask yourself this key question: What is the value, product, or service that the company selling the token is creating that will provide enough value for my money to make this purchase worth it to me?

In a world of falling token prices on different exchanges, the more opportunities you have to use a token outside of the expected list on a crypto exchange in real life, the better chance you have of not getting frustrated or stranded. signs that are useless to you.

So you have to ask again and again: IF this coin was never traded on an exchange, would I still be happy supporting the vision? If this token has lost 70% of its value on the exchange, can I still use it and get my money’s worth elsewhere?

If you cannot answer these questions positively after reviewing the WHITEPAPER and investing in the company’s claims, then you should think twice before buying that coin.

Recent Case Study

Take a current ICO like Nollycoin, a token powering a blockchain-enabled movie streaming ecosystem. The coin’s promoters have created various beneficial scenarios for the coin’s buyers to ensure that their backers and token hodlers continue to smile regardless of what happens with Nollycoin on the cryptocurrency exchange.

The Nollytainment ecosystem includes some great utilities attached to the Nollycoin token.

• Ability to use Nollycoin tokens to watch exclusive movies in cinemas and movie houses

• Ability to use Nollycoin tokens to access 1000s of movies on Netflix-on-steroids blockchain Movie distribution.

• Ability to use Nollycoin tokens to purchase products and services on NollyMall, which is like Amazon’s platform for entertainment-based products.

• Ability to use Nollycoin tokens to pay school fees on the NOLLY Academy platform and partner companies

As you can see, beyond the usual expectation that tokens will be listed on a cryptocurrency platform, you need to look beyond the hype of the ico and look at the immediate and prospective benefit of the token and the viability of the project behind it.

“Crypto” – or “cryptocurrencies” – is a type of software system that provides transaction functionality to users over the Internet. The most important feature of the system is theirs decentralized nature – usually provided by blockchain database system.

Blockchain and “crypto-currencies” have recently become staples of the global zeitgeist; usually as a result of Bitcoin’s “price” skyrocketing. This led to millions of people participating in the market, with many “Bitcoin exchanges” experiencing massive infrastructure stresses as demand surged.

The most important thing to understand about “crypto” is that while it does indeed serve a purpose (cross-border transactions over the Internet), it provides no other financial benefit. In other words, its “intrinsic value” is strictly limited to its ability to transact with other people; NOT in storing/propagating value (that’s how most people see it).

The most important thing to understand is “Bitcoin” and the like payment networks – NOT “Currencies”. This will be covered in more depth in a second; the most important thing to understand is that “getting rich” with BTC is not about making people better off economically – it’s just a process of buying “coins” at a lower price and selling them at a higher price.

To that end, when looking at “crypto” you must first understand how it actually works and where its “value” actually lies…

Decentralized Payment Networks…

As mentioned, the main thing to remember about “Crypto” is that it is basically a decentralized payment network. Think Visa/Mastercard without the central processing system.

This is important because it highlights the real reason why people are really starting to dig deeper into the Bitcoin proposition; it allows you to send/receive money from anyone anywhere in the world, as long as they have your Bitcoin wallet address.

The reason this is attributed to the “price” of the various “coins” is due to the misconception that Bitcoin, being a “crypto” asset, will allow you to make money. No way.

The ONLY The reason people make money with Bitcoin is because of its price “revaluation” – buying “coins” at a low price and selling them at a higher price. While it worked well for many people, it was actually based on the “bigger idiot theory” – essentially stating that if you manage to “sell” the coins, it will be “dumber” than you.

This means that if you want to get involved in the “crypto” space today, you basically buy any “coins” (even “alt” coins) that are cheap (or cheap) and let them go up in price until you sell them later. None of the “coins” are backed by real world assets, no way to predict when/if/how this will work.

Future growth

For all intents and purposes, “Bitcoin” is a spent force.

The epic rally of December 2017 showed mass adoption, and while its price will likely continue to rise to the $20,000+ range, buying one of the coins today will basically be a huge gamble that this will happen.

The smart money is looking at most of the “alt” coins (Ethereum/Ripple, etc.) that already have a relatively small value but are steadily growing in value and adoption. The main thing to look at in the modern “crypto” space is the way the various “platform” systems are actually used.

This is a fast-growing “tech” space; Ethereum and Ripple appear to be the next “Bitcoin” – focusing on the way they can provide users with the ability to use “decentralized applications” (DApps) on their main networks to gain functionality. work

This means that if you are looking at the next level of “crypto” growth, it will almost certainly come from the various platforms that you can identify out there.

One of the many purposes for which cryptocurrency (CC) was first invented was to create a secure digital operating system. The technology used was and still is Blockchain. Blockchain systems are designed to be resilient to problems common with online financial systems that use older technology – such as account hacking, fraudulent payment authentication, and website phishing scams.

Blockchain itself works on peer-to-peer global ledgers (distributed ledgers) that are safe, cheap and reliable. All over the world, transaction records are stored on blockchain networks, and since these records are distributed to the entire community of users, the data is inherently immutable. No piece of data can be changed without changing all the other blocks in the network, which requires the agreement of the majority of the entire network – millions of controllers. BUT – what if a website appears to you to be a gateway to a legitimate cryptocurrency exchange or crypto wallet product, but is actually a website designed to trick you into disseminating information? You don’t have blockchain security at all – you just have another phishing scam that needs to be protected against.

MetaCert is a company that says it’s dedicated to keeping internet users safe, and its core security product can be used to protect businesses from a number of malicious threats, and now they have a product designed to keep CC enthusiasts safe. This new product is called “Kryptonite” and it is designed to be installed as a browser add-on. Current browsers rely on SSL certificates that show users a small padlock in the browser’s address bar. For years, SSL Certificates have reassured users that a website is authentic – not so fast – phishing sites also use SSL Certificates, so users can be fooled when the website is not legitimate. Once added to your web browser, Cryptonite will display a shield next to the address bar. This shield will change from black to green if the website is considered “secure”. MetaCert says they have the world’s most advanced threat intelligence system with the world’s largest database of secret URLs for security.

Staying safe is always a good thing, but as technology advances at an ever-increasing pace, more security products may be needed in the future. Quantum Computing (QC) holds great promise on the horizon. QC is considered by many to be one of the greatest technological revolutions of modern times. By harnessing the power of quantum mechanics, QC machines will be able to take on more complex tasks and achieve previously unattainable speeds. Traditional computers are based on a binary model, using a system of keys that can be represented by either 1 or 0. called ‘superpositions’. The ability to have two at once is what makes QC faster. Google announced more than two years ago that their quantum prototype was 100 million times faster than any other computer in their labs. The development of this technology is advancing at an ever faster pace. The first commercially available quantum computer was produced in 2011 by California-based D-Wave. D-Wave’s machine is equipped with a processor with 16 quantum computing units called QUBITS. Since then, industry leaders such as IBM and Microsoft have announced their own quantum programs. This trend will lead to an exponential increase in the number of QUBITS that these new machines can handle over the next few years. While quantum computing has the potential to provide significant advances in many fields and innovative solutions to some of the most complex problems, it will undoubtedly create a need for improved security, as these machines will also have the power to aid hackers in their nefarious work. deeds. As in all other online spaces, protection and security will always be required in the cryptocurrency space.

Stay tuned!

The future of cryptocurrencies

When you look at the cryptocurrency-based currency market, it will seem exciting, but also interesting and mysterious. The pioneer, Bitcoin, has gained huge popularity in the last few years. The currency certainly fell significantly, but once again regained its position. Moreover, ICOs for new cryptography-based currencies are booming.

A lot of money is invested in the Bitcoin industry

We cannot ignore the huge amount of money invested in the domain. But according to financial experts, the whole future looks a little doubtful. The future of cryptocurrency is mostly based on predictions of technological trends and speculations. There are some cryptocurrency advocates who think of a bright future, while others warn people about the future of cryptocurrency.

Changing national currencies by 2030

Some leading futurists believe that cryptocurrency is here to stay and rule the financial market. Cryptocurrencies are predicted to replace national currencies by almost 25% by 2030. Cryptocurrency-based currencies are considered more efficient, especially because of the way they operate. So changing national currencies won’t be that big of a deal.

When bitcoin was introduced in 2009, it showed a lot of potential and was successful. Within a year, it flourished and continues to grow, making it legal tender and an asset in several countries. Several other cryptocurrency-type currencies have emerged in the past few years, and their popularity has led to the legitimization of a new asset or currency other than the conventional currencies operating in the global financial economy.

We cannot deny that there will be some money to be lost in a crypto-based currency economy. However, it is also believed to be highly likely to generate lucrative returns.

Cryptographically based currencies cannot be expected to function like cash

Cryptocurrencies work on blockchain technology and, unlike traditional currencies, are not tied to any centralized authority. Some experts often refer to this as the blockchain economy. The IRS treats cryptocurrency more like property than actual currency. It would not be wrong to say that Bitcoin is more or less similar to selling real estate.

When you sell your Bitcoin, you are transferring discreet digital information to someone else. There are already several Visa companies that facilitate the use of cryptocurrencies for ordinary transactions. But cryptocurrency is still something that needs to take a strong position in the mainstream economy.

Crypto trading can be profitable when a trader is able to monitor the market around the clock. However, this is something that can be difficult to do, but fortunately there are crypto signal services that can be used to offer the necessary assistance in trading. They offer signals so that traders can make the right decisions with their trades at the right time for that matter. With cryptocurrency trading becoming so popular, a number of crypto signal services have emerged. So how do you choose the best one to offer valuable information to make your trading the most successful?

Quality of service

It is one of the most important factors that you should consider when choosing services. A trading platform should have an impressive forecasting success rate and also provide relevant signals to guide you through trading and market trends. Signals should also be sent immediately so that they correspond to real market activity. Check that they generate the signal as fast as possible; makes all the difference.

Reliability

Remember that you will be relying on them to guide you in your trading, so you want to choose someone you can fully trust to make a safe choice. This means that you should choose a 100% legitimate provider. Whether it’s expert traders or automated software, a provider that tells you how they generate the signals is more reliable. In a world full of scams, you really want to be careful who you choose to work with.

Free trial

One of the best ways to tell if a provider is genuine is if they offer you a free trial of the services they offer. This even applies when it comes to cryptocurrency trading. A provider that offers free signals for a certain period of time gives you a chance to determine the quality and reliability of the service. By trying before investing, you enter the services with full confidence and trust. Legitimate signals will have no problem, giving you the freedom to decide whether to work with them or look elsewhere if you’re not happy with what you’re getting.

Evaluation

Even with a free trial, you definitely need to subscribe to the services at some point. Beware of providers that offer alerts for free, as they may not be legitimate. However, you shouldn’t be tricked into paying huge amounts for a subscription either. Prices should be commensurate with the quality of service you will enjoy. Do your math and a little research so you can make the right decisions in the end.

Support

Apart from being available 24/7 for your assistance, they should be knowledgeable about the digital currency exchange and the programs they offer you. Without that kind of support, you’ll have trouble enjoying the value the services are meant to add to you.

Although there have been market corrections in the cryptocurrency market in 2018, everyone agrees that the best is yet to come. There are many activities in the market that change the flow for the better. With the right analysis and the right dose of optimism, anyone who invests in the cryptocurrency market can make millions from it. The cryptocurrency market is here to stay for the long haul. In this article, we present you with five positive factors that can drive more innovation and market value in cryptocurrencies.

1. Innovation in measurement

Bitcoin is the first cryptocurrency in the market. It has the maximum number of users and the highest value. It dominates the entire value chain of the cryptocurrency system. However, it is not without problems. Its main bottleneck is that it can handle six to seven operations per second. By comparison, credit card transactions average several thousand per second. As can be seen, there are opportunities to improve the scale of operations. On top of blockchain technology, it is possible to increase the transaction volume per second with the help of peer-to-peer transaction networks.

2. Legitimate ICOs

While there are fixed-value cryptocoins on the market, newer coins are being created that are designed to serve a specific purpose. Coins like IOTA are designed to help the Internet of Things market in exchanging energy currencies. Some coins address the issue of cyber security by providing encrypted digital vaults to store money.

New ICOs offer innovative solutions that disrupt the existing market and bring new value to transactions. They also gain a reputation in the market for their easy-to-use exchanges and reliable back-end operations. In exchange, they are innovating on the technology side of using specialized equipment for both mining and the financial market, giving investors more freedom and options.

3. Regulatory clarity

In the current scenario, most governments are studying the impact of cryptocurrencies on the society and how its benefits can be calculated to the society at large. According to the results of the studies, we can expect that there may be reasonable results.

Few governments are already taking the path of legalizing and regulating cryptocurrency markets like any other market. This will prevent ignorant retail investors from losing money and protect them from harm. In 2018, regulatory rules are expected to emerge, fueling cryptocurrency growth. This will enable future expansion.

4. Increase in application

Almost every industry has a lot of enthusiasm for implementing blockchain technology. Some startups are developing digital wallets, debit cards for cryptocurrencies, etc. They offer innovative solutions. This will increase the number of merchants willing to transact in cryptocurrencies, which in turn will increase the number of users.

As more people trust this system, the reputation of cryptocurrencies as a means of transaction will strengthen. While some startups may not survive, they will contribute positively to the overall health of the market, creating competition and innovation.

5. Investments from financial institutions

Many international banks are following the cryptocurrency scene. This may cause institutional investors to enter the market. The influx of significant institutional investment will fuel the next phase of cryptocurrency growth. This has captured the fancy of many banks and financial institutions.

As the surprises and bottlenecks around cryptocurrencies decrease, they will become more attractive to traditional investors. This will lead to much needed dynamism and liquidity in any growing financial markets. Cryptocurrency will become the de facto currency for transactions worldwide.

The wave of banks banning cryptocurrency purchases using credit cards is growing, with Wells Fargo joining such bans. A number of other banks such as Chase, Bank of America, Citigroup and others are also part of this new trend of restricting the purchase of cryptocurrencies.

Debit cards can apparently still be used to buy cryptocurrencies (check with your bank to be sure about their policy), but using credit cards to buy cryptocurrencies has taken a turn with these banks taking the lead with these purchase bans, and it’s likely that this ban will become standard. it won’t be long.

When credit cards were used to buy cryptocurrencies, overnight purchases began to be cancelled, and people who had no problem buying cryptocurrencies with their credit cards before were finding that they were no longer allowed to do so. Volatility in the cryptocurrency market is to blame here, and banks don’t want people to spend so much money that it will be a struggle to get back if there’s a major crypto downturn like the one at the beginning of the year.

Of course, these banks will also lose money when people buy crypto, and the market is bullish, but they’ve probably decided that the bad outweighs the good when it comes to this gamble with credit cards. It also protects the consumer because it limits their ability to get into financial trouble by using credit to buy something that could leave them money and credit poor.

Most investors who used credit cards to make cryptocurrency purchases were likely looking for short-term gains and had no plans to stay long-term. They were hoping to get in and out quickly and then pay off their credit cards before the high interest rates kicked in. But with the constant volatility of the cryptocurrency market, many who bought into this plan found themselves losing huge amounts of money. assets with market decline. Now they are paying interest on lost money and that is never good. This, of course, was bad news for banks and led to the current and growing trend of banning cryptocurrency purchases with credit cards.

The lesson here is that you should never max out your line of credit to invest in cryptocurrency and only use a percentage of your fixed assets to buy cryptocurrency. These funds should be funds that you can lock in for a long time without hurting your budget.

So don’t get caught investing in a cryptocurrency that you’ll soon need only to find that the downturn has taken money out of your pocket. There’s an old saying, “Don’t gamble with money you can’t afford to lose,” and that’s a lesson banks want people to learn as they enter this new investment frontier.

Investing in the cryptocurrency market can be a little scary for the traditional investor, as investing directly in Cryptocurrency (CC) requires the use of new tools and the adoption of some new concepts. So if you decide to dip your toes into this market, you’ll want to have a very good idea of ​​what to do and what to expect.

Trading CCs requires you to select an Exchange that deals in the products you want to buy and sell, be it Bitcoin, Litecoin, or any of the 1,300+ other tokens in play. In previous publications, we have briefly described the products and services available on several exchanges to give you an idea of ​​the different offerings. There are many Exchanges to choose from and they all do things their way. Look for things that are important to you, such as:

– Deposit policy, methods and costs of each method

– Withdrawal policy and costs

– Which fiat currencies do they deal with for deposits and withdrawals

– The products they deal in, such as crypto coins, gold, silver, etc

– Expenses for operations

– Where is this Exchange located? (USA / UK / South Korea / Japan…)

Be prepared for the Exchange setup process to be detailed and lengthy, as Exchanges want to know a lot about you. It’s like opening a new bank account because Exchanges are brokers of valuables and they want to make sure that you are who you say you are and that you are a trustworthy person to deal with. Apparently “trust” is gained over time, as Exchanges usually only allow starting with small investment amounts.

Your exchange will store your CCs for you. Many offer “cold storage”, which simply means keeping your coins “offline” until you say you want to do something with them. There have been several reports of exchanges being hacked and many coins being stolen. Think of your coins as being in something like a bank account on the Exchange, but remember that coins are digital only and all blockchain transactions are irreversible. Unlike your bank, these Exchanges do not have deposit insurance, so keep in mind that hackers are always trying their best to get your crypto and steal it. Exchanges generally offer Password-protected accounts, and many offer 2-factor authentication schemes – something you should seriously consider to protect your account from hackers.

Given that hackers love to prey on Exchanges and your account, we always recommend using a digital wallet for your coins. Transferring coins between your Exchange account and your wallet is relatively easy. Make sure you choose a wallet that handles all the coins you want to buy and sell. Your wallet is also the device you use to “spend” your money with merchants that accept CCs for payment. The two types of wallets are “hot” and “cold”. Hot wallets are very easy to use, but they leave your money exposed to the internet, but only on your computer, not on the Exchange server. Cold wallets use offline storage media such as dedicated hardware memory sticks and simple printed hard copies. Using a cold wallet makes transactions more complicated, but they are the most secure.

Your wallet contains a “private” key that authorizes all the transactions you want to initiate. You also have a “public” key that is shared across the network so that all users can identify your account when they transact with you. Once hackers get your private key, they can move your coins anywhere they want, and it’s irreversible.

Despite all the challenges and wild volatility, we are convinced that the underlying blockchain technology is a game changer and will revolutionize how transactions are done in the future.

Although most people only start learning about “blockchain” because of Bitcoin, its roots and applications go much deeper than that.

Blockchain is a technology unto itself. It powers Bitcoin and is the reason *so* many new ICOs flood the market – creating an “ICO” is ridiculously easy (no barriers to entry).

The goal of the system is to create a decentralized database – meaning that a network of computers (usually controlled by individuals) can operate instead of relying on companies like Google or Microsoft to store data. in the same way as a larger company.

To understand the implications of this (and thus where the technology could take the industry), one needs to look at how the system works at a fundamental level.

Created in 2008 (1 year before Bitcoin), it is an open source software solution. This means that its source code can be edited by anyone. However, it should be noted that the central “repository” can only be modified by certain individuals (so the “development” of the code is not a free-for-all).

The system works with what is known as a merkle tree – a type of data graph created to provide versioned data access to computer systems.

Merkle trees have been used to great effect in a number of other systems; especially “GIT” (source code management software). Without getting too technical, it basically stores a “version” of a data set. This version is numbered and so it can be downloaded whenever the user wants to recall his old version. In the case of software development, this means that a set of source code can be updated on multiple systems.

The way it works – by keeping a huge “file” with updates to a central data set – is basically what powers Bitcoin and all other “crypto” systems. The term “crypto” simply means “cryptographic,” which is the technical term for “encryption.”

Regardless of its core business, the real benefit of wider “chain” adoption is almost certainly the “paradigm” it gives the industry.

For several decades, there was an idea called “Industry 4.0”. The idea often associated with the Internet of Things is that a new layer of “autonomous” technology can be deployed to create even more efficient manufacturing, distribution and delivery methods for businesses and consumers. Although this has often been requested, it has never been adopted.

Many experts are now looking to technology to facilitate this change. The reason is that the interesting thing about “crypto” is that – especially the likes of Ethereum – the various systems built on top of it can actually be programmed to work with a single layer of logic.

This logic is really what IoT / Industry 4.0 has missed so far – and why many are looking to “blockchain” (or equivalent) to provide a base-level standard for new ideas. This standard will enable companies to create “decentralized” applications that leverage intelligent mechanisms to create more flexible and efficient manufacturing processes.

Is cryptocurrency of particular interest to you? Do you want to learn more about the tools that will allow you to achieve the best trading? So, you’d better keep your eyes peeled for cryptocurrency trading bots. Sounds interesting, doesn’t it? In an age where bots are used almost everywhere, it is not surprising that they are also used in cryptocurrency trading. Let’s learn more about these bots and clarify the key aspects.

Cryptocurrency (or cryptocurrency) trading bots are computer programs that allow you to buy and sell cryptocurrencies at the right time. They aim to bring profit to their users and ensure that they benefit in the long run. Bots carefully monitor market conditions and execute transactions based on predefined algorithms. It should also be noted that you are free to set your own parameters and this will help you to make different trades. Such software can respond almost a thousand times faster than a human – so its operational efficiency is out of the question.

Crypto trading bots can be divided into many types. Among them you can find trend-following bots, arbitrage bots and scalping bots. However, according to bitcoin.com, the most popular are arbitrage bots.

Trend bots are useful if you mainly focus on trends when you are in the process of building your strategies. These bots are able to follow trends and decide when it is profitable to buy and/or sell something.

Scalping software makes it easier for its users to operate more efficiently in the side markets. This means that ‘scalpers’ (as these users are often referred to) are able to buy something at a low price and sell it at a higher price.

As for arbitrage bots, they aim to examine prices on several exchanges and profit by exploiting the resulting price discrepancy.

Once or if you have decided to put cryptocurrency trading bots into practice, then you should consider which one can meet your business needs. Remember that all bots have different software and hardware requirements. Consider all the nuances before making a decision.

After all formalities are done, you can proceed to the installation procedure. In fact, you can get a trading bot that appeals to any of the following 3 options:

• Get it for free through an open source platform;

• Get the paid version of the licensed bot;

• Create a trading bot (provided you have sufficient technical knowledge and skills).

After working through all the details above, you probably have formed an opinion about crypto trading bots. Again, let’s remember all their advantages over people.

• Speed: no doubt bots work hundred times faster than humans

• Endurance: bots can run continuously 24/7

• Capacity: bots can process gigabytes of data per second

• 100% objectivity: bots are not prone to any emotions. They just do what they ask.

However, many experts argue that in some cases subjective thinking is required, and in this way humans can outperform heartless bots. However, these are individual cases, and given that bots offer enormous opportunities, you will be better off prioritizing them.

As you can see, cryptocurrency trading bots prove to be really useful and multi-functional, which allows you to earn a lot of income. Just remember that it is recommended that you carefully consider the features of the bots to give them full play. And then you run all your chances to take advantage of this ingenious technology.