Is BTCC Still Using Trading Bots To Manipulate Bitcoin Volumes?
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....
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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....
BTCC, one of the world’s largest bitcoin exchanges by market share, has recently reported unusually high transaction volume following the recent slump in values of global stock and commodities. “The trading volumes we saw over the past few days are not the highest we have seen since 2011, but we expect greater trading volumes in the future as bitcoin increases in popularity among all assets,” BTCC CEO Bobby Lee told Bitcoin Magazine. According to the trading data provided by BTCC, its exchange has processed more than 46,880 bitcoin over the past seven days, settling more than $1.83....
How do bot-traded futures work, what are the top tips for success, and what are the common pitfalls to avoid? This explained article reveals all. How popular are trading bots in the crypto market right now?According to TradeSanta, demand for trading bots has increased substantially of late.The latest figures from the platform’s website suggest that it now has more than 100,000 active users, and over 3,200 active trading bots. More than 3.8 million deals have also been completed since the software launched.A range of technical indicators are provided by TradeSanta, and the software also....
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....
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....