How safe is investing in Crypto & Bitcoin with BOTS?
I'm Simon, a comedian and so-called crypto hobbyist. And just like you, I'm learning about trading as I go. In these videos, I do my very best to tell you as much as I can about trading apps, cryptocurrency, starting with trading, and much, much more.
Every investment comes with a risk. For example, you may lose all or part of your investment when trading cryptocurrencies. But when you get it right, you make a nice profit. So this time, I’m going to look into those “low-risk high returns” statements and help you discover how safe is it to invest in crypto with the BOTS app.
Sit back, relax and enjoy the story!
Investing in crypto: risky business or a safe bet?
As cryptocurrencies have been rising in value over the years, you could say that by definition, they are a somewhat ‘safe’ investment. If you had invested in Bitcoin in 2015, left those coins grow in value in your wallet and sold them at their peak, you could be reading this article from your luxury yacht. At the same time, cryptocurrencies can be very volatile. Their value can fluctuate heavily, making investing, without any knowledge or support from experts or algorithms, a risky business.
Money never sleeps, pal.
The whole idea behind investing is that you buy in at a low price and sell once your investments have reached a higher price. The result? Profit! These opportunities can be fantastic, but it also comes with an increased risk. A good investment can make you profit; a bad one can make you lose all your money.
If you want to get it right, you either need to be an expert with years of experiences or call in the help of one. You can try to become an expert by reading about the market on trustworthy websites or put your money in a managed fund where experts invest your money for you. Unfortunately, these funds are often only for significant investments and are accompanied by hefty fees.
But, there is another option… BOTS!
Trading with algorithms
As you probably know by now, BOTS works with specific algorithms (called BOTS) that do the trading for you. Each BOT comes with its own risk factor, giving you the chance to decide which risks you are willing or not willing to take! As a result, you can start with investments from as little as 5 euros, and there’s no need to be an expert (or try to become one): the BOTS do all the heavy lifting for you. Want to find out more? Don't forget to check out how BOTS works!
How safe is investing with BOTS?
So what’s the risk, and how safe is BOTS? This entirely depends on the risks you decide to take. Algorithms have been used for decades by banks, large corporations and big traders. It’s an effective way to get in and out of the market, minimising the risk of human error. Algorithms have proven themselves trustworthy over the years and continue to do so. The fact that algorithms are used this often says something about their reliability in general.
How do you know if a trading algorithm works?
You could conclude that trading or investing in cryptocurrency with algorithms, i.e. BOTS, is a reasonably safe bet. And with that being said, it’s essential to keep in mind that not everyone can create a bot for the BOTS app. There’s intense contact between the BOTS team and the bot creators; the test data is analysed and put in a quarantine period before it is released. And even after its release, the exposure of this bot is minimised to make sure the bot functions the way it should. Then, after some time, the bot will be released to the mass public, ensuring that risks are minimised once again!
And as if that’s not enough, there are loads of safety systems in place to make sure the platform is performing and BOTS are constantly monitored to prevent any issues before they even happen.
Would you like to learn more about the BOTS app or get some more trading in cryptocurrency tips? Just continue reading below.
See you soon!
There is no such thing as risk-free trading. It is possible to lose (part of) your stake.