Bots trade better than humans
Robots without emotions
Trading can be a stressful thing to do. And while cryptocurrencies have been the best performing asset class in the past decade, their volatility can cause sleepless nights or wrong moves. Seeing the bitcoin price decline with double figures really tests your ability to suppress your emotions and do the right thing. Bots, on the other hand, are emotionless traders.
When you do the trading yourself, many different factors affect your decision-making. Some of these are your ability to handle stress, the situation on the market, how much money you have invested, and the people around you giving their opinion. More often than not, you’ll find yourself in a situation where the decision you made wasn’t the most optimal one. Or, in the worst case, you lose a bunch of money.
The bots you find in the BOTS app are designed so that you benefit more when the market rises and lose less if the market is declining. Bots don’t have feelings, at least for as far as we know, hence our slogan: “Bots trade better than humans.” The bots are designed to have the best possible returns for the long term. So when the market is falling, your bot will not doubt itself; it doesn’t feel anything at all and just does what it was designed for.
The bots you find inside our app differ in many ways; some trade multiple cryptocurrencies, some simply hold, and some rebalance based on the top cryptocurrencies. In the BOTS app, you find historical data and information about the different bots. What they all have in common is that they are bots with their own programmed strategy.
How much better do bots perform against the market?
Now that we have looked at the psychological side of trading let’s now look at actual figures to support the claim that bots trade better. The price of bitcoin (BTC) has seen a slight decline over the past 30 days. BTC fell a little over 5%, while some altcoins did perform better. When we look at Go2Moon.bot Boosting Alpha, for example, we see that the bot managed to return 47,7%! Go2Moon.bot trades in bitcoin and litecoin (LTC), cardano (ADA), and several other top cryptocurrencies. With this bot, you won’t have all your eggs in one basket, which often is a wise thing to do.
In other words, the bot managed to turn a somewhat average performing market into a good profit of almost 50%. Remember, bitcoin declined 5% in the same timeframe. Earlier this month, we saw a more significant market-wide decline, with bitcoin falling from close to $65.000 back to $44.000. This often is a great moment to see how well different bots are performing. Did they manage to minimize losses or even turn a profit? For example, the bots of Noogieman and Boosting Alpha reported an 18% average increase at the beginning of April, while bitcoin dropped by 9,5% in the same timeframe.
At the end of the day, you decide what bot will do the trading for you. Look at the cryptocurrencies it trades with and its past performances, but once you’ve selected and the bot is working hard, the advice is to let it do its thing. Often stopping the bot because you feel anxious will lead to more losses. So breath in and out when you see the market go red and just relax!
Need any help with anything?
If you still have questions about the BOTS app, please do not hesitate to contact the BOTS support department.
The BOTS app is now live
There is no such thing as risk-free trading. It is possible to lose (part of) your stake.
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