by Jimmie Reardon
In fact, the Bitcoin brand has become so synonymous with the global trading market that its gold embossed logo is now as recognisable as a Toyota badge or Netflix’s origami “N”. Even if you haven’t had the opportunity to dabble in crypto or remain indifferent to the blockchain innovation, most people will still instantly recognise that “₿” emblazoned disc.
And it’s through this cultural penetration that Bitcoin has gone from being the play toy of Silicon Valley bros, to gracing the local networks of suburbia and rural communities regardless of age, exposure, or demographic. With it has come a new ecosphere of easily accessible training, trading and entry level support facilities to help ease timid first-time traders into the expanding virtual market.
This new wave of automated software has effectively opened up bitcoin trading and investment, not just allowing more diversity in the marketplace, but more importantly, delivering more profit. While manual trading in cryptocurrencies has proven to deliver second-rate pay-offs for new crypto investors, many of whom find the traditional processes frustrating and intimidating, the rise of automated trading bots has effectively taken the guesswork out of bitcoin investment allowing faster, simpler and more enjoyable experiences. All with the added benefit of allowing new investors to be taught the tricks of the trade in real time but without the high risks of accruing losses.
As an example, one automated trader, Bitiq features a demonstration account (aptly named ‘the demo account’), which helps new investors learn and upskill crypto trading before committing to and conducting actual trades. Experienced traders are also able to benefit from the associated Bitcoin Up resources and advantages – such as no hidden fees and easy payouts – to take more precise control over their portfolio.
Bitcoin trading, like any trading, is inherently risky, as the market can be – and usually is – a volatile playground. But automated bitcoin trading software can help reduce some of these associated risks. Bitcoin trading bots have been designed to meet the needs of the cryptocurrency market, a third-party player with the goal of utilising an AI (artificial intelligence) as a stable bridge between marketplace and investor. The innovative software means that your bot is able to conduct a thorough, rapid market analysis, delivering far more insight into the financial markets of the bitcoin space than a user ever could.
The results will provide you with data in the context of your invested capital, allowing you to make better informed trades based on data-driven signals. These AI are your window into a comprehensive and detailed overview of the Bitcoin world, regardless of experience or conviction.
