Panic on the crypto market! How did the trading bots perform?
In the past couple of weeks, panic ruled the crypto market. Especially investors and traders who entered the market only recently were shocked to see the bitcoin (BTC) and many altcoin prices crashed by 50% or more. It was a situation in which the trading bots in the BOTS app again proved our slogan: "Bots trade better than humans."
Panic, FUD, and emotions
The prices of many cryptocurrencies saw a significant crash in the past couple of weeks. In a normal situation, investing in the crypto market is already a stressful activity, sometimes leading to sleepless nights. But with the panic on the market caused by FUD (fear, uncertainty, doubt) news, these sleepless nights turned into two sleepless weeks for many.
Entering into a trade yourself means you’ll have to consider many factors. You may follow the news and do some technical analyses on the charts, but what will always be a part of your decision-making process is your emotions. Let’s say you took everything into account and you feel very confident. You enter into a long-term trade, but suddenly, you see the price fall and accelerating. It doesn’t seem to stop! What now? You start panicking, and eventually, you do something you maybe shouldn’t do: You sell. Your whole strategy just went out of the window.
Most traders panicked during these past weeks, hence the bitcoin price dropping like a stone. Panic ruled the market, and even the most experienced traders had a difficult time during this historical correction. One group of traders, however, didn’t feel panic. To be honest, they didn’t feel anything at all because they are trading bots!
BOTS Weekly Performance
BOTS is a tech company that has developed an app that makes it possible for anyone to invest from €50. BOTS uses automated trading strategies so you can invest in cryptocurrency quickly and even without knowledge. Previously, these strategies were only accessible to the richest 3% of the world. BOTS now makes automated investing accessible to everyone. In 2021, it will also be possible to invest in stocks and other currencies through BOTS. The app is free to download and quick and easy to install. BOTS currently operates in more than 15 countries and by the end of the year, BOTS wants to be active in at least 60 countries and 4 continents.
Need any help with anything?
If you still have questions about the BOTS app, please do not hesitate to contact the BOTS support department.
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There is no such thing as risk-free trading. It is possible to lose (part of) your stake.
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