Do Crypto Trading Bots Make Sense in 2022?
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Eating healthy food and drinking clean water makes sense for the body, but are crypto trading bots a good idea for financial portfolios?
It’s the year 2022. If anyone grew up watching the TV show, The Jetsons, they would have reason to believe that flying cars would be initiated by now. Even though George Jetson has not fully stepped into reality, major strides have been taken in the technology sector to improve the human experience.
Cryptocurrencies have created a big step forward in the future of finance, and in how individuals and companies interact on a financial level. In fact, cryptocurrency and blockchain technology has impacted sectors such as music, gaming, collecting, and real estate just to name a few.
If Rosie the robot rings a bell from The Jetsons, think of her when crypto trading bots are mentioned. Though not physical robots, these bots serve as software that manage’s user’s financial portfolios, offering a form of automation that is unique to the industry.
Yes, this article is indeed in English, not Greek. Traditionally, crypto trading is executed in a manual fashion, spending hours per day in front of a computer screen using fingers to tell the exchanges what to do.
Crypto trading bots, on the other hand, do not need physical fingers to push them into action. Instead, each bot is designed to function on its own and is based upon specific code built into the software.
In regard to manual involvement, it is only required during the initial set up. After the bot is running, the rest of the trading process is hands-free, allowing users to spend time elsewhere or on a different project.
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