How Bots Are Fueling High-Speed Bitcoin Trading
Investors have benefited from algorithmic ('algo') trading programs under many different circumstances, but these 'trading bots' can prove particularly valuable to those interested in cryptocurrencies. Bot trading has reduced user error, enabled more rapid processing of information and given traders more time and flexibility. However, it may hold even greater potential in the crypto markets due to their immature nature. Trading bots have been around for decades, seeing growing use in stock markets as digitization has taken hold. However, the digital currency markets are less than a decade....
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Automated Bitcoin trading software is being increasingly used by traders to conduct high-speed trades, to maximize returns. The cryptocurrency trade volumes have been unusually high in the past few months. The increased demand for the popular digital currency has been attributed to the growing community, where users are utilising Bitcoin to safeguard their earnings amid the economic slowdown. But, a leading financial publication has a different take on the entire situation. According to Bloomberg’s recent report, a majority of increased demand is coming from extensive automation of trading....
A tool for professional traders, crypto trading bots are increasingly popular among retail investors for the automation they offer. How much does a crypto trading bot cost, and are they worth it?While most popular crypto trading bots are offered for free, they do come with associated costs, such as trading commissions and withdrawal fees, that need to be evaluated before proceeding.When choosing a crypto trading bot, investors need to weigh the pros and cons of “free” crypto trading bots compared to those that charge a flat monthly or annual subscription fee. Most popular crypto trading....
Remember how the Willy and Markus bots made a huge amount of cash on Mt. Gox? Wouldn't it be nice to try your hand at automated trading to see if you could make a nice profit, too? Well, HaasOnline Software just released Haasbot 1.0 for you to trade on ten exchanges in over 500 cryptocurrencies. Haasbot 1.0 includes arbitrage bots, order bots, and scriptable indicators. With bots, there's always the risk of a malfunction, but likewise, there's always a chance to turn a profit. Also read: Malfunctioning Bitcoin Trader Bot Causes Extremely High Volume on the Bitcoin Exchange BTC-e. Haasbot -....
Bitcoin does not sleep, nor do its markets. Most exchanges run 24/7, day and night, even on weekends and holidays. This is one reason some day traders — the people who trade on the price swings per hour or even per minute — use trading bots. These software programs can be plugged directly into exchanges, to apply trading strategies even when their operators are away from their computer, or busy doing something else. Indeed, if there is such a thing as “money making machines,” trading bots are it. Or are they? Strategies. Bots that are available on the market include Haasbot, Tradewave and....
In the end, it is unclear if any exchange uses trading bots to prop up the volume. Rumors are circulating regarding BTCC’s Bitcoin trading volume. For the longest time, people suspected the exchange of faking volumes through the usage of bots. It appears that situation is still going on, according to some Reddit users. If that is the case, it seems to be only a matter of time until the PBOC cracks down on this activity. For the time being, the usage of trading bots has not been confirmed by the exchange. Chinese Bitcoin exchanges have not seen a dip in trading volume since the PBOC....