What is a bitcoin robot?
A bitcoin robot is a computer program powered by sophisticated algorithms made out of the trading techniques used by professional bitcoin traders. Most bitcoin robots are invented by crypto trading gurus who have supposedly made millions trading bitcoin. These gurus automate their trading strategies by coding them into a computer program. The goal is to have the computer program conduct all trading on their behalf.
While most do not share their programs with the public, a few do in the aim of attracting huge deposits and charging commissions on the earnings made. The best bitcoin robots are usually in high demand with some attracting billions of dollars in investment.
Bitcoin robots trading techniques include short-selling, an approach that enables users to speculate on falling prices. This means that users still generate earnings even when the markets are plummeting. Moreover, the best bots rely on artificial intelligence to enable the bot to adapt to changing market conditions.
Through a subset of AI known as Natural Language Processing, bitcoin robots are able to read human language. This means that they can trade news with an alleged accuracy level of up to 99.4%. But this is not to mean that the bots are risk-free. A slight miscalculation can lead to enormous losses and hence traders should always take precaution.
Bitcoin robots are usually 100% auto. This means that users do not require any expertise to trade with them. Bitcoin robots eliminate all the hassles involved in buying or trading bitcoin manually. Moreover, they eliminate the human emotions of fear and greed in trade. Warren Buffet, the world best value investor once said that fear and greed are the biggest barriers to successful trading.