You may ask the question, why should I stop manual bitcoin trading when that worked fine for me? Well, if you have been manually trading bitcoin, you will also know about the difficulties you face while trading. First and foremost, the efficiency is much lower than what bots have to offer.
Cryptocurrency trading bots minimize and even eliminate human error which results in improved accuracy. Trading bots offer constant interaction with the market, which means that you can go to sleep or go about your day and have it do all the work for you which you cannot do in manual trading.
Trading bots maximize the profit potential by employing a mechanism that is responsive to market shifts around the clock. Secondly, bots offer increased speed in comparison with manual trading.
The speed is much faster, a human may take a few minutes to complete the calculations and offer accurate results, but the bots can do it in nanoseconds. The changes in prices are constantly fluctuating and become increasingly difficult for an investor to deal with these constant changes.
The best part about bots is their lack of emotions; unlike humans, they do not possess emotions. The bots don’t have any doubts or questions nor do they experience frustration, and hence they are essential, better for trading. Automated trading also ensures that a certain amount of discipline is maintained to follow through the trading plan perfectly.
But even if you do decide to switch over from manual trading, there are many trading bots you can choose from, and that can leave you easily confused. Our articles are an attempt to make the decision making easier. We will help you make the best choice as each bot is rigorously reviewed as we discuss the good and bad points.