When it comes to cryptocurrency exchanges today, there’s still a lot of trading done by human traders. Nevertheless, this trend is rapidly turning to automated trading solutions, also known as arbitrage bots. Let’s analyze the main reasons why profit-taking bots are gaining popularity.
Machines can perform tasks much faster than humans. In fact, it’s well known that 99% of Wall Street transactions are done by bots. According to the cryptocurrency market, the percentage of transactions carried out by bots is increasing.
For now, everything tends to be automated. A few years ago, what we really needed today was science fiction. More and more people choose to value time and use kitchen robots, cleaning robots, even online game farming bots, and, of course, cryptocurrency trading bots to automate tasks. Who will stick to the screen all day when the software can do the job perfectly for you?
- Ease of use
The first-generation cryptocurrency trading bots were complex for novice users. But the latest generation has improved a lot in this regard. Currently, the most popular arbitrage bot is PHPtrader. These bots became popular because even beginners knew how to combine custom features for traders, easily accessible and easily accessible PHPtrader combined familiar graphical interfaces with built-in trading strategies to lead to “democratization” of trading bots.
Other bots, such as HaasBot and PHPtrader, are also worth mentioning. Haasbot is one of the most advanced bots and at the same time the most expensive bots, but it offers quality service. PHPtrader’s bots are recently released bots that have become very popular over time.
- Time is money
It’s not easy to learn the merchant’s trade. There are various strategies, indicators, graph analysis methods, etc. Many people are only interested in profits and want to save on tedious trading. Therefore, they prefer to use automated software to trade in their place and spend time on engaging activities. On the other hand, many professional traders suffer from severe stress-related diseases due to ongoing market monitoring, permanent analysis of indicators, and prolonged screen exposure. As a result, many people think it’s a blessing for bots to do things in a 24/7 automated way.
- Income needs
Many countries are suffering from economic crises. With the exception of a few notable exceptions, unemployment remains high, while wages fall or fall below CPI. This has left many people looking for ways to make money online, and trading bots have become one of the few stable, viable, and highly lucrative ways. It should be noted, however, that not all of these encrypted trading robots deliver on their promises. As you can see from Inside Bitcoins, automated trading robots like Bitcoin Profit claim to bring benefits to users every day. Some robots are completely fraudulent. It’s always important to read the problem before using a robot.
The bot community, which has more than hundreds of thousands of users worldwide, is growing very fast. In a short period of time, things will change rapidly, and self-driving cars or trading bots working for us will be as common as using mobile phones today. The future is here.