Bitcoin is the most popular cryptocurrency in the world. Moreover, it is the largest cryptocurrency when it comes to market capitalization. Hopefully, there are other interesting cryptocurrencies as well.
We need to mention that people are willing to invest tens of thousands of dollars into cryptocurrencies.
Do you what is the major difference between stock and crypto markets? The major difference is time.
In the case of a stock market, there is a fixed opening as well as a closing time for buying and selling. However, when it comes to a crypto market, traders can trade all day and seven days a week. A crypto market is far more volatile compared to a stock market.
As you know, prices go and down in a matter of seconds. Unsurprisingly, it isn’t easy to monitor a crypto market 24 hours a day. People need to eat, sleep, etc.
However, it is possible to solve the above-mentioned problem. A solution is quite simple: crypto trading bots. Thanks to crypto trading bots, you no longer have to worry about many issues. For instance, you don’t have to spend hours on trading anymore.
BitiCodes is one of the best automated trading platforms. The main purpose of BitiCodes is to make life easier for traders. It has a user-friendly interface. Traders have the ability to customize the platform of BitiCodes according to their requirements. People who are not familiar with crypto trading bots and the crypto market, in general, will be able to learn how to use the platform in a short period of time.
Who is in charge of crypto trading bots?
People who aren’t familiar with the crypto market might find it hard to understand the importance of crypto trading bots. Hopefully, the situation isn’t as complicated as it might appear at first glance.
Some of the main questions are “Who controls crypto trading bots? How can crypto trading bots decide when to buy and sell a cryptocurrency?”
First of all, let’s take a look at the definition. You need to remember that crypto trading bots are bots used in order to automate trades. A crypto bot monitors the movement of cryptocurrency. It can buy or sell a cryptocurrency.
For example, if you forgot to check the price of a cryptocurrency, a crypto bot will buy it for you.
So, there is no need to worry about the situation. Just imagine, you don’t have to complete the formalities of buying as well as selling. Hopefully, they are completed automatically, thanks to the crypto trading bot.
Notably, crypto trading bots have the ability to analyze the market as well as risk factors, and then crypto trading bots can predict which cryptocurrency is more interesting and which one is less interesting.
Lastly, what’s important is that you can direct the cryptocurrency bot to what a bot has to do.
To sum up, thanks to crypto trading bots, traders have the opportunity to save time and energy. As a result, traders will be able to achieve better results.