The Bots That Make Money (Or Lose It) for You While You Sleep

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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.

You Might Be Exchanging Bitcoin With Trading Bots and Not Even Know It

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Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis. Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more efficiently, and sometimes even in their sleep.

The Bots of Bitcoin

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“Those bots are now active on cryptocurrency platforms. It’s possible that if you’ve bought or sold Bitcoin or Ethereum, the buyer agreeing to take your order was not some cryptocurrency enthusiast in Silicon Valley but a piece of software on a server in Shanghai. It’s not an entirely new development.”

The Bots That Make Money for You While You Sleep

Comments Off on The Bots That Make Money for You While You Sleep

“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.”

Meet the Bots That Let You Trade Bitcoin in Your Sleep

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“Trading bots are software programs that talk directly to financial exchanges, and place buy and sell orders on your behalf. They make those decisions by watching the market’s price movements, and reacting according to a set of predefined rules.”

Top 6 Bitcoin Trading Bots

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“Trading bots are rather common in the bitcoin world, as very few traders have time to stare at the charts all day. Most people trade bitcoin as a way to generate passive income while working their regular day jobs. With so many people relying on trading bots, the question becomes which one can be trusted and which one should be avoided. Below is a list of known cryptocurrency trading bots, however, your mileage may vary when using them.”