Best Crypto Trading Bots 2020 – Automated Crypto Profits!

ColossusXT Q2 2020 AMA Ends!

Thank you for being a part of the ColossusXT Q2 2020 AMA! Below we will summarize the questions and answers. The team responded to 46 questions! If your question was not included, it may have been answered in a previous question or AMA. The ColossusXT team will do a Reddit AMA at the end of every quarter.
The winner of the AMA contest is: ookhimself
Congratulations. I will send you a DM on Reddit.
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Q: Why does your blockchain exist and what makes it unique?
A: ColossusXT exists to provide an energy-efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize the grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video, and audio streams-all will be reborn as services that live in cyberspace, assembling, and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
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Q: What is the Colossus Grid?
A: ColossusXT is an anonymous blockchain through obfuscation, along with utilization of I2P (Armis). These features will protect end-user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end-users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.
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Q: Is there any estimated date for the grid? What will set you apart from the opposition?
A: We are hoping to have something released for the community in Q4 this year. The difference between other competitors is that ColossusXT is putting consumer privacy first and we’re actively in the process of working with federal and state agencies in the United States.
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Q: How do you plan to get people to implement the technology? At your current rate of development, when do you foresee a minimum viable product being available?
A: We have been strategically networking with businesses, and we are currently undergoing the verification process in the United States to make bids on federal and state projects. We are working on an MVP and our goal is to have at least a portion of the Colossus Grid ready by Q4 2020.
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Q: When we can expect any use-case for COLX? A company or service that uses COLX for its activities/tasks.
A: We’re aiming for Q4 of this year to have an MVP, throughout 2021 we will be strategically making bids on federal and state contracts in the United States with a goal to expand operations exponentially.
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Q: Are there any plans to be listed on the more prominent exchanges e.g binance, kraken?
A: Yes, we have applied to some of these exchanges that are considered Tier 1 or Tier 2 exchanges. Many of them upfront will tell you there are no fees associated with the listing, that is not entirely true most of the time. Regardless, have applied and are awaiting more responses as we move forward. Listing on these exchanges often requires that we cannot announce this information until ColossusXT is live on its platform.
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Q: Partnerships are the norm these days in crypto world. Which partnership would you consider feasible, if any, in order to grow the Colossus Grid project?
A: The Colossus Grid is a huge undertaking both in development and business partnerships. We are moving in both these directions strategically. One of the most important partnerships is not really a partnership but approval to bid on state and federal contracts. Working with the governments around the world will be a big part of the Colossus Grid use-case.
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Q: If the ability to annonymise coins is turned off, can CLX still be marketed as a privacy coin? Do we have a date we can start using this feature again?
A: Yes and No. It’s frustrating right now having a lack of privacy for consumers as we don’t see privacy as a feature but a right. EVERY platform online should have some levels of privacy for their consumers, especially as technology continues to evolve and bad actors continue to use your personal information for their own nefarious purposes. Obfuscation will be implemented in the coming weeks, and Armis will follow suit shortly thereafter.
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Q: When can we expect the grid to come out?
A: We are looking at releasing an MVP towards the end of the year. Stay tuned during Q3 and Q4 as we ramp on technical and business developments.
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Q: Can you tell the current budget for development work?
A: Much of the development work budget comes from Core team member's disposable income, we also use the self-funding treasury that Masternode owners vote on each month.
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Q: Will cold staking be implemented somedays? I like the model of Cardano. Hope you will implement kind of Cardano staking in our wallet. I would love the easiness.
A: ColossusXT staking has been enabled since 2017. We have calculators on the website that will estimate your average staking returns and you can join numerous pools to increase your staking power within the pools. Cold staking is on our radar and will make it into the roadmap when our budget allows us.
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Q: Which part of grid technology are you planning first to go live? Storage/RAM/CPU/GPU/all at once? Separately?
A: We will be rolling the Colossus Grid out in two phases. The first phase will be storage, and then we will roll out computing power (RAM/CPU/GPU).
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Q: Is Armis I2P technology in development testphase I mean, I have read something like that… If Armis goes live, will there be some kind of option in deskopt wallet to transfer anonymous or will every transaction be fully anonymous like e.g. monero?
A: We recently had a testing phase with the community earlier this year, there will be another test phase with community participants who sign up. If you’re interested in this stay tuned on our socials and apply when the next testing phase happens All transactions will be fully anonymous behind Armis.
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Q: What programming languate is being used for developing COLX? How well this programming language do you think is more suitable for developing crypto, in comparison with other programing languages?
A: C++ is what we’re using at ColossusXT. Each crypto project is different but with what we're developing at ColossusXT. We are best suited to utilize C++.
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Q: What is the second biggest milestone other than launching the grid network for the team. What do you think of your competition like Golem network?
A: Armis will be a big milestone, and I don’t think we go back to our Polis partnership which allows users in Europe and Mexico (they do plan to expand to the US and other countries) the ability to spend their ColossusXT (COLX) wherever Mastercard is accepted. I don’t think the Golem network is taking consumer privacy far enough, in the blockchain industry I also see a lack of drive to push adoption within the United States. This is likely due to unclear regulations right now. ColossusXT is at the forefront of these issues and we intend to lead blockchain through these somewhat murky waters.
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Q: I don’t have a lot of knowledge about crypto-technology… but are there any risks of sensitive data-hijacks through Colx infrastructure? Will the Colx-grid be available for individuals or only larger corporations, and how would one get access to the computing power?
A: There are always risks with technology. We are doing extensive testing and more testing prior to releasing anything. Consumer privacy is apart of the foundation of what we’re building at ColossusXT and we want to ensure any and all of your personal information is secure and private. As technology evolves, we will be right here evolving with it to ensure that consumer privacy protections are always in place.
The Colossus Grid will be available to anyone with a computer. You will access it through the desktop wallet.
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Q: Do you have any new exchange listings planned in the near future?
A: Yes, but unfortunately with these things, every day it’s not something we can often say before the exchange makes their own announcements. If you have certain exchanges that you prefer, do not be shy and tag us on Twitter letting us and the exchange know. You can also reach us everyday at all hours of the day and night on Discord and Telegram.
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Q: Given that Colx had no ICO, are we able to ramp development efforts in case we have potential partnership deal on the table?
A: It really depends. We strategically spend every dime we spend on development. We do not like even a single penny to be waisted, so we don’t move as fast as the projects that raised millions of dollars, but we continue moving none the less. Ramping up our development is something we are working on by securing additional funding and we’re currently working on securing funding. 😊
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Q: How is the project development advancing? What are your plans for the next 5 years and what more can we expect from ColossusXT?
A: Our development is continuing on at a steady pace, we’re looking to ramp this up over the next year as the Colossus Grid will take much of our time but we’re excited. Over the next 5 years, you can expect the Colossus Grid to be live in all forms (storage and computing power), Armis will be released and we will share many technical details on how this consumer privacy protection rivals some of the other privacy protections in the blockchain industry. We expect to be verified and approved to work with the agencies in the United States long before then as well and will be aggressively pursuing federal contracts to utilize the computing power of the Colossus Grid. In 5 years, we plan to be a key player not just in the blockchain industry, but throughout the world. If you do not know ColossusXT now, expect to in 5 years or less.
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Q: Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of COLX? There are so many privacy coins now, all of them claiming to have better features that ColossusXT. Moving forward, what do the next 10 years look like for ColossusXT in navigating the wave of privacy projects coming. How can ColossusXT continue to shine in the midst of seemingly legit projects that have come to challenge ColossusXT like mimblewimble projects and Monero, Zcoin, ect.?

A: The Colossus Grid and Masternodes will have a strong relationship with each other. When the Colossus Grid goes live we expect the masternode demand to continue to rise. Masternodes are a great incentive mechanism to increase network strength and will play an important role within the Colossus Grid. The more masternodes online, the less available coins in the circulating supply; which we expect will eventually reflect ColossusXT (COLX) coin value.
Over the next 10 years, ColossusXT (COLX) will solidify itself as a key player in the blockchain industry, and outside the blockchain industry. Following our strategic business plans, we intend to be one of the first, if not the first to truly bring government and other businesses into the blockchain industry through the Colossus Grid. Armis will be our defining privacy feature, which we expect in time will begin to be adopted by other projects. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: How have the number of Masternodes (MNs) increased/decreased over time/in the past few years? What proportion (%) of MNs actively take part in Governance? How do you see the number of MNs increasing/decreasing in the next couple of years? Is there a trend upwards or downwards?
Is there a specific number (or range) of MNs the team would like to attain ideally? Is it better to have as many MNs as possible or is there a point at which too many MNs start to have an adverse effect on the performance of the blockchain?
Hope this wasn’t too many questions in one :), Ahmed

A: The number of masternodes in the active network is more or less the same, fluctuating around 200-220. About 40% - 50% of masternodes participate actively in governance (see https://governance.colossusxt.io). We expect a number of masternodes to grow as they will have additional benefits with Colossus Grid (see business plan: http://bit.ly/COLXBPLive).
As the team had no premines, only the dev fund can be used for masternodes which is hard to maintain due to actual budget flow. It’s better to have as many masternodes as possible for the network, there is no adverse effect.
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Q: Of all the milestones that $COLX has achieved since your humble beginnings, which do you consider to be the best of it all? What achievements do you feel proud most?
A: It’s often not mentioned but I’m very proud of our partnership with PolisPay, which allows ColossusXT community members to purchase Amazon, Spotify, and other gift cards with ColossusXT (COLX) through the Polis platform. You are also able to spend your COLX anywhere Mastercard is accepted, the card is available only for EU citizens right now and the Polis team hopes to bring in other countries in the future.
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Q: There are problems that can slow down the course of a project such as the emergence of globalization, given the tighter budget, shorter implementation time requirements. My question is, How does $COLX resolve the issue?

A: Given the current situations around the world the Colossus Grid has more value than it ever has, and that value will continue to grow once we have released the Colossus Grid for consumers to share and utilize resources. You can already see from the [email protected] initiative that people are eager to share their computing resources to help researchers simulate different COVID19 simulations. We’ve always worked on a very small budget at ColossusXT starting with 0$ in funding and no pre-mine or ICO/IEO. This project was built for the community by the community, and as of lately we’ve actually been ramping up our business strategies and developments. Since we have all already worked remotely before the COVID19 pandemic, it interestingly allowed us more time to focus and achieve these goals as our day jobs allowed us to spend more time on ColossusXT.
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Q: How will you fight with regulators who are trying to stop privacy coins?

A: We have an amazing legal team at ColossusXT, and they are on top of any new law or regulation that comes out. We’re not afraid of regulators and our legal team makes sure that everything we do for ColossusXT is law-abiding. It's time the world stops looking at privacy as a feature and as a right, especially when you read about different applications and platforms using your personal DATA for their benefit. ColossusXT will continue to push this, and we're prepared to lobby this to lawmakers. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: What type of utilities can $COLX give to users over its competitors like GOLM (computation) or STORJ (Data)?

A: The Colossus Grid has some major differences between Golem and Storj. One we’re a privacy-focused project. If you take a look at many of these applications and platforms today, in some way or another you’re giving up personal information, and/or geographic information. ColossusXT is focused on protecting consumer information, we do not look at privacy as a feature, we see privacy as a right, especially in the tech world today.
The second part of this question is that we’re currently in the verification process of registering with the United States federal and state governments so that we can legally bid on federal and state projects and work with different agencies. This will ensure that as the community members are sharing their idle resources, large corporations and businesses are using it. I’m not aware of the mentioned projects being registered in the United States or taking steps to work with the United States government.
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Q: How will computing power and storage sharing look like, for an average user (marketplace, program download)? What are you currently working on, when can we expect MVP? TY
A: The marketplace and Colossus Grid will be inside the ColossusXT desktop wallet that you currently have now. The UI/UX will change some to allow the additional settings and tabs that will become available and we’re preparing an MVP right now and we hope to share those details with you over the next few months, ask us again in the Q3 AMA if you haven’t seen anything yet :)
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Q: What would you say is the $COLX killer feature that sets it apart from the rest of the competition.
A: We believe that Armis is our killer feature. We recently had a beta this year with the community and will be moving forward later this year with Armis. ColossusXT consumers will have their geographic location and IP fully hidden behind the Armis layer for further security and anonymity for the transactions which will also take place in the Colossus Grid resource marketplace in the future.
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Q: I have been a silent follower of $COLX and I must say that I'm truly impressed with how the team has been diligently working on the project. It'd be nice to have the community be part of something like a bounty or a social awareness contest. As this will not only attract more users to the platform but would also strengthen the bond within the community. When can we possibly expect a community project of this level? #spreadthegrid
A: We currently have a Gleam competition ongoing for social awareness, and we just hired a community manager to spread more community awareness and will be rolling on competitions more regularly. Every quarter we have an AMA on Reddit for the community to ask questions, or just gripe at us, and one person each quarter is awarded 100,000 COLX for participating in the AMA. As we deliver our targets and grow, we will shift more funds from development funds to marketing funds to raise further awareness.
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Q: "Our main competitor is crypto adoption. We are all here to make it happen together.", this is quoted from a founder of a known crypto wallet. Do you see competition as something that strengthens the project as a whole or as a possible distraction due to pressure to be at the top of the crypto ecosystem?

A: This is a two scenario situation. Competition is good for ColossusXT, and we look at our main competitor in blockchain as Golem (GNT), having said that though too much competition or sometimes maximalist behavior isn’t good for crypto, many of these projects should be coming together to lobby lawmakers for laws and regulations that are good for the blockchain industry, as this is still an emerging market and the laws and regulations aren’t exactly in place at this time.
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Q: "For people to believe in crypto, they need to understand the tangible benefits it offers to our society.", a remark made by a crypto project in the past. What exactly would be $COLX real life global benefits? And how do you plan on achieving this?
A: ColossusXT vision will be achievable when the Colossus Grid is released. We are currently in the process of registering with state and federal agencies in the United States, once we are registered to work with these agencies we will pursue contracts with the government, cybersecurity firms and colleges all around the United States, and the world to utilize the resources on the Colossus Grid. We’ve already started building business relationships for this very purpose.
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Q: According to you how much time will it take for $COLX to get into mainstream adoption and execute all the plans set for this project?
A: It’s almost impossible to set a timeline on when the world/people will begin to adopt ColossusXT (COLX) and the Colossus Grid. We don’t believe that adoption for ColossusXT will happen before the Colossus Grid is live, and if I gave you an exact timeline for when or how long it will take you for the Colossus Grid to be adopted I would be lying to you, but we are already forming business relationships and making strategic moves to be able to bid, and work with state and federal agencies in the United States.
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Q: Does Tokens.net plan any kind of staking ($COLX or other coins)?
A: We will reach out to the tokens.net team and see if they have any plans to allow staking.
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Q: How will you try to boost adoption of #COLX, how do you think you will motivate programmers to join opensource project?
A: The Colossus Grid will be available for anyone to use, or share their idle resources for other consumers to use. We will be focusing on providing these resources to state and federal governments, cybersecurity firms, and researchers all across the world. Certainly, we expect some community members to use these resources to mine different PoW cryptocurrencies, but the team at ColossusXT will be focused on bringing in large colleges and universities as well as big cybersecurity businesses that may need supercomputing power at 1/10th of the current prices. Our programmers are our only paid team members, and we pay them at a competitive rate. We’re looking to bring in some more programmers later this year.
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Q: Do you have any special development funds for programmers?
A: Sometimes we pay our programmers out of our own pocket, sometimes we pay them in ColossusXT. It really depends on what kind of agreements have been made. We have been aggressively pursuing different funding opportunities throughout 2020 so that we can expand our development team and in the future, we may have incentives to drive programmers into joining our team. Right now we just stick to a competitive pay scale within the industry.
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Q: Why Android Wallet Revision hasn't been done? Any problems?
A: The Android wallet revision took some time to be approved in the Google Playstore, but it has been released and live since June 15, 2020.
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Q: Whats the second biggest milestone other than the grid network for COLX team?
A: Armis is likely to be considered our second biggest milestone this year, although as I mentioned above this can easily be overshadowed by our Polis partnership which allows you to spend ColossusXT (COLX) anywhere Mastercard is accepted. Although the epay debit card ownership is currently restricted to certain countries (EU zone only), these restrictions will lift in time.
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Q: How is COLX team going to contribute to crypto adoption, other than building a robust network?
A: We’re already in the process of verification to work with state and federal agencies. Adoption for blockchain projects isn’t going to move fast. I read a report just a few days ago about how scammers in the crypto industry stole over 2 million dollars worth of crypto just from the “Elon Musk” impersonations on Twitter.
We will continue to build our network, and seek out state and federal agencies as well as private cybersecurity firms that can utilize the Colossus Grid, we’re not just focused on making noise on social media, we intend to make noise throughout the entire world.
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Q: Are their industry partners to COLX that are awaiting your network to go live?
A: Yes, although I hesitate to go into too much detail here. We are talking with business leaders.
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Q: The ongoing crisis affected the market badly, making many projects far from their targets. What is $COLX strategy in order to survive and pass through this crisis?
A: I agree it affected the market badly, especially the projects that raised hundreds of millions of dollars in crypto and held it through the entire market correction. ColossusXT strategy is different from those affected, we’ve always had a smaller budget than these large projects. We spend the money we have available very wisely, and we’re not in a hurry to grab something that sounds good without doing our due diligence. We make our moves very strategically.
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Q: I gotta ask, what made $COLX decide to get listed on Tokens.net? What beneficial advantage does $COLX get in doing so? How about Tokens.net?
A: Tokens.Net is one of the best exchanges ColossusXT is listed at the moment in comparison to others in terms of volume.
  1. Tokens.net is one of the most secure and transparent exchanges out there, registered in the UK.
  2. The team behind the exchange has deep roots in the crypto/blockchain space, it was co-founded by Damian Merlak, a crypto-pioneer and co-founder of Bitstamp.
  3. Tokens.net provides free auto-trading tool / Market Making Bot. Their Dynamic Trading Rights concept adds transparency to trading volumes.
  4. They allow the community voting option of only truly decentralized projects after a thorough screening.
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Q: Hey everyone! What is the main purpose of the coin $COLX, does it have its own chain or is it some sort of an ERC-20 token? Thank you for the answers.
A: ColossusXT has never been an ERC-20 coin. We have been operating on our own mainnet since 2017. The purpose of ColossusXT (COLX) is to be the native currency of the Colossus Grid. This will allow users to share their idle resources on their computers, and consumers will rent/buy those resources to complete whatever they intend to use them for, from processing large DATA to running scientific simulations, to even mining PoW cryptocurrencies.
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Q: When we can expect any usecase for COLX? A company or service that uses colx for its activities / tasks.
A: There are currently use cases now if your location allows you to utilize the Polis Pay app, or if you have a Polis Pay card you can buy things with ColossusXT (COLX). I myself have tested the card buying gas at a gas station. These are not ColossusXT’s primary focus though and much of our use case will not start until the Colossus Grid is live.
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Q: What pairs will colx have to trade with on tokens.net // Will you connect #COLX with USDT EURS or BTC?
A: ColossusXT will be initially paired with Bitcoin (BTC). If the community would like different pairs, they can certainly request them and we will reach out to tokens.net and work to facilitate requests.
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Q: Will you try to convince users to trade on tokens.net if so how will you do it?
A: There is currently a gleam competition for users to sign up and trade on tokens.net. We “shill” tokens.net accordingly through social media to the ColossusXT community, but can’t really convince anyone to use a certain exchange, although we will try to push as many members to tokens.net as we can. We have many masternode holders who reside in the United States and they are not yet allowed to trade on tokens.net.
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Q: How will you try to create liquidity for your pairs?
A: We would like to increase the adoption rate with real-world partnerships such as our partnership with PolisPay for the use of gift/debit cards. As the liquidity is linked with the use cases, supply/demand mechanics, we are also preparing to provide additional use cases of COLX for the crypto world in an innovative & pioneering way; for the time being, we can hint this as a side business till we deliver fully operational Colossus Grid.
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Q: How big is a development team of #COLX?
A: The ColossusXT team is probably bigger than some people realize, partly because many of the team members are very private. We have 9 core members, 2 in-house developers, 3 Colossus Grid architects, and 2 Colossus Grid developers.
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Q: Do you have some security guys in the team?
A: Yes, although I’m hesitant to share too many personal details about team members. We have core team members who have been working in different fields of IT security for several years.
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Q: Since #COLX is planning on having some sort of a marketplace where you can take advantage of computing resources and the blockchain as well, are there any plans on introducing smart contracts? Will it help the grid? Is there a place for it?
A: This has been mentioned a few times in the past so it’s something on our radar, it’s currently not in the development timeline as the Colossus Grid is a massive amount of work. There may be a place for it as the blockchain industry evolves, and I can certainly see some cases where a smart contract can add some value to the Colossus Grid.
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Important Information:
Website
Whitepaper
Roadmap
Business Plan
Wiki
Governance
Partners
GitHub
What is ColossusXT? (YouTube)
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Follow ColossusXT on:
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Discord
Forums
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AMA History:
2018 Q1 2018 Q2 2018 Q3 2018 Q4
2019 Q1 2019 Q2 2019 Q3 2019 Q4
2020 Q1
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3commas crypto trading bot review 2020-The best crypto trading bot

3commas crypto trading bot review 2020-The best crypto trading bot
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https://preview.redd.it/v14b6qdpdfi41.png?width=737&format=png&auto=webp&s=a53ae697a779597a4b2ab69412e39c3d8e5ef92a

  • Set target profit
Before you do this, you should set a safety size because you can do more controlled purchases after a dive. If a trading pair is selected by ETH / BTC and the price after the purchase of ETH falls below the original purchase price, you can use security transactions to buy more ETH with the BTC amount specified in the size of the security trade.

3commas crypto trading bot review
You can then set the target profit, which informs the crypto trading bot, in percentages, when to sell. If a target profit is set at 3%, the crypto trading bot will automatically execute a sell order as soon as this profit is realized

  • Select the type of profit taking
There are two take profit options that represent a percentage from base trading or a percentage from total volume

  • Set the maximum number of security transactions
This informs the 3commas crypto trading bota of how many security transactions it can perform before stopping, and the maximum number of active security transactions tells the merchant bot the number of active security transactions it can perform at any given time

https://preview.redd.it/0gye86zfffi41.png?width=739&format=png&auto=webp&s=37481a91f4006d2ca54e6bb5f47605452e50cd8e

  • Set the price variance to open security deals
This tells the 3commas crypto trading bot when to start executing security transactions and is set as a percentage. If set to 3, if the price of the selected currency falls 3% below the original trading price, the trading bot will start executing security transactions.

  • Set the trading start conditions
This informs the bot when the first trade should be completed and there is a choice between TradingView Signal Buy or Strong Buy, TradingView Signal Strong Buy, Manual or Open New Trade ASAP.

https://preview.redd.it/60xcqvusdfi41.png?width=730&format=png&auto=webp&s=97be8152c9129dc0260cca9d262986d0a502d3b5
If you follow these steps, a 3commas crypto trading bot can be configured in just a few minutes and the whole process is so simple that more beginners can successfully follow. The platform is still detailed enough to attract experienced traders as well.

How safe is 3Commas?

It should be noted that you actually do not have any money on the 3commas and your trading bots cannot withdraw from your linkedaccounts.
Like other trading bots, your 3commas crypto trading bot connect to your Exchange accounts via the API and then carryon automated trading on the exchanges you linked
These keys provide trading bots with limited access to user accounts to conduct trades only and do not grant bots any withdrawal rights.
This also means that if your account is compromised and nefarious actors could take control of your trading activities, they still cannot access your exchange accounts directly to make withdrawals.

Is 3Commas for beginners?

The platform is generally fairly easy to navigate even for new cryptocurrency trader, and the trading bots are easy to set up.
Various functions are easily accessible from your account. You can connect to an exchange at the push of a button and set up intelligent trades and bots.
The dashboard is also clear and users can quickly select their preferred tabs and functions from the side window.
In addition, features such as bot analysis, which lists the best performing bots and trading pairs as well as the market, are well executed and easy to understand. While the portfolio creation, tracking and social trading features are suitable for both new and experienced traders.

Conclusion

Most Crypto trading bot are difficult to use. However, 3Commas has created a trading bot that is easy to set up, customize, and easy to use.
It is also reliable compared to its lower quality competitors and is one of the best crypto trading bot
3Commas is considered the most reputable trading bot
The 3commas is completely transparent in terms of operation and location, and we know exactly who is running the company. We also appreciate 3Commas customer service, which is available 24/7 through several contact methods.
As mentioned above, there are inherent risks when trading cryptoassets. However, since many expect Bitcoin price to rise in the next few years due to halving under other driving factors it may make sense to start with a proven trading system like 3commas to see if You can earn more Bitcoin and see how the value increases in the future.
With features like portfolio creation and tracking, bot customization, best compatibility with cryptocurrency exchange and much more, 3Commas is one of the best trading bot platforms available today.
ViSIT 3commas Crypto Trading Bot
submitted by jakkkmotivator to thecryptobasic [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to btc [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to Bitcoincash [link] [comments]

Bitcoin Suddenly Roars Back

This is the best tl;dr I could make, original reduced by 32%. (I'm a bot)
Bitcoin, which has been swinging wildly throughout this week, has suddenly rallied back to over $8,000 per bitcoin, somewhat putting to rest investor and trader fears the recent bitcoin bull run may have already ended.
The bitcoin price has risen around 50% over the last 30 days, pulling many other major cryptocurrencies with it, including ethereum, Ripple's XRP, bitcoin cash, litecoin, EOS and binance coin.
Bitcoin, up around 10% over the last 24 hour trading period to touch $8,028 per bitcoin on the U.S. Gemini exchange, has bounced back after a sell-off that seemed to have been triggered by a large volume sale on the Luxembourg-based Bitstamp exchange earlier in the week, causing panic selling.
Bitcoin cash and binance coin led the cryptocurrency market higher, each gaining over 11% over the last 24 hour trading period, while ethereum, Ripple's XRP and litecoin all gained around 7%. The total bitcoin and cryptocurrency market capitalization, which lost some $30 billion in a matter of minutes on Friday morning, has now recovered almost all of that value and is back around $250 billion, according to data from CoinMarketCap which tracks most major cryptocurrencies.
Many analysts remained confident the bitcoin and wider cryptocurrency market would recover.
Bitcoin and cryptocurrency technically data is also showing the bitcoin price could be heading higher, with well-known bitcoin trader Eric Choe saying he expects the digital token to reach $22,600 sometime in 2020, which would be a fresh bitcoin all-time.
Summary Source | FAQ | Feedback | Top keywords: Bitcoin#1 cryptocurrency#2 over#3 market#4 week#5
Post found in /Economics.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Curiosities Intensify and Opinions Grow as Bitcoin Price Goes Up

Curiosities Intensify and Opinions Grow as Bitcoin Price Goes Up

https://preview.redd.it/9a3sdrmktiq21.jpg?width=1050&format=pjpg&auto=webp&s=f1ef42ad057b444f1746490ea3c4292b8bc48b9c

It was December of 2017 when Bitcoin last reached its heavenly heights, and there have been mixed reactions since then - desperation, frustration, victory, expectation, hope, and so much more. In the past three days, Bitcoin has again been attracting a lot of attention across financial institutions, government bodies, crypto enthusiasts, and investors because of its sudden price surge which went over $5000 USD and with over $17 billion USD in total assets held by different players.

Because of these positive movements in the Bitcoin market, many have also shared their own expertise, wild guesses, opinions, and explanations as to why Bitcoin has suddenly experienced an increase in its value and whether or not such trend will continue.

Here are some of the most interesting takes on the recent Bitcoin move:

“Bitcoin Is Surging Again. Just Ignore It. The latest spike to $5,000 is just another blip as cryptocurrencies stumble toward maturity.” - Leonid Bershidsky of Bloomberg Opinion Column

Obviously, the article by Bershidsky considers the recent price movement negatively. There seems to be an overarching skepticism on the cryptocurrency industry based on his statements. According to him, Bitcoin is just a tiny market compared with global forex trading which is an industry with trade volume of over $ trillion in a single day. He further recommends that spikes in Bitcoin prices are best ignored most especially that cryptocurrencies still haven’t been publicly accepted and that pump-and-dump schemes still exist until now.

In response, Elsa Saikkonen of Bitcoinist responded to Bloomberg’s column with this headline, “Load the FUD: Is Bloomberg Intentionally Ignorant When it Comes to Bitcoin?”

To counter what Bershidsky claimed, Saikkonen pointed out some of the significant developments happening in the cryptocurrency industry lately such as the increase in Bitcoin Lightning Network’s scalability solutions that is now over $5 million in capacity, the growth of Bitcoin’s on-chain transactions, and the adoption of Bitcoin use in many government transactions.

Another explanation was offered by Oliver von Landsberg, CEO of BCB Group crypto firm, saying: “There has been a single order that has been algorithmically-managed across these three venues [Coinbase, Bitstamp, and Kraken], of around 20,000 BTC… If you look at the volumes on each of those three exchanges – there were in-concert, synchronized, units of volume of around 7,000 BTC in an hour.”

It was because of these sudden large order volumes that bot-initiated trades automatically demanded for Bitcoin as well. Although he has knowledge of the figures during the moments when Bitcoin’s price surprisingly went up, Landsberg could not provide a definite reason as to why such large volumes of Bitcoin purchases were made.

Despite the influx of varying and contradicting statements regarding Bitcoin’s price surge, key crypto personalities such as Changpeng Zhao, the CEO of Binance (the second-largest cryptocurrency exchange in terms of volume), has gone to the safe side by saying, “Anyone know any news? I have been asked “a few” times, but honestly clueless.”

No matter how differences in opinion exist, there are overwhelmingly positive vibes surrounding the cryptocurrency community in the past days. As Anthony Pompliano tweets, “Bitcoin is back, baby!”

What is clear right now is the dynamism that we are seeing in the financial technology sector. Surely, more developments could surprise us in the coming days!

Originally posted on our blog: https://blog.cryptobasescanner.com/curiosities-intensify-as-bitcoin-price-goes-up

submitted by cryptobasescanner to u/cryptobasescanner [link] [comments]

Understand Bittrex Bots as an AI

Introduction into Bittrex:
As the world of cryptocurrency and artificial intelligence continuously grow, it is necessary that you know what Bittrex Bot Trading is all about, how to easily trade online, the advantages, challenges and a way out. Trading bots are simply computer programs that use a variety of indicators to analyze or recognize trends and also execute trades automatically. You can automate your trading using efficient trading software and obtain excellent results. This will be discussed in detail in subsequent paragraphs.
Bittrex is a cryptocurrency exchange based in the US with Headquarters in Seattle, Washington. Founded five years ago, the exchange has grown to be one of the largest cryptocurrency exchange on a daily trading bases. The website of the company constantly gets improved giving it a good reputation of online security as it has never failed anyone. Bittrex, being one of the largest crypto to crypto exchanges offers a vast number of trading pairs into bitcoin – Some of the major cryptocurrencies listed in Bittrex are darkcoin, nextcoin and litecoin. Not leaving out NeuCoin and Ethereum.
It is understood that Bittrex is a currency that has other cryptocurrencies like BTC, ETH. It also includes more than 190 other cryptocurrencies which are considered Fiat currencies, for example, the USD. A Fiat money is a currency that has no intrinsic value unless established by government regulation. So if a government does not maintain the value of a Fiat money, it will have no use value. Recently, Bittrex added TrueUSD in their list of currencies. TrueUSD is a stablecoin supposedly backed by the US Dollar.
So a Bittrex bot, what is it?
A Bittrex bot, which is an artificial intelligence is a tool used to automatically trade on the Bittrex cryptocurrency exchange. The Bittrex cryptocurrency exchange is very fast, reliable, plus, it has never had any security issues- a true prove that machines can do the work better where humans might fail due to normal human limitations. Unlike several platforms that offer the ability to get cryptocurrency from fiat, Bittrex allows you to trade using a Bittrex robot. As a result, it only allows exchanges, not sales or purchases of currencies. For the sales and purchase of currencies, you will have to use an intermediary platform to convert your currency into Ether or Bitcoin. You can also use EXMO or CEX.io. This trading site- Bittrex has a large number of crypto currencies, with no less than 190 different assets. In addition, the transaction fees are very affordable and are set at a single rate of 0.255% per trade.
Understanding the basics of Bitcoin
Since Bittrex offers a vast number of trading pairs into bitcoin, we need to understand what Bitcoin is, or how it is traded.
Bitcoin is a cryptocurrency, which is generated via the process called "mining". This is essentially the use of the processing power of your computer to resolve complex algorithms known as "blocks." Another means of obtaining Bitcoin is to simply buy it, exchanging physical currency for digital at a Bitcoin exchange like Mt.
You can be a genius with algorithm, symbols or be an expert in online trading, but most often, just being a human can hinder you reach absolute success in this domain. It is always imperative for the use of an efficient software that will automatically do your trading when it comes to Bittrex Bot. Not that the whole work is done by the software, but human intelligence and presence merged with the great work of the software ensure a steady, protected and more reliable trading.
There are many Bitcoin trading bots, but if you are looking for an Auto Bitcoin Trading Review, you will Bitcoin TradeRobot being the most recent and strong platform to use, though it might not be the Best Cryptocurrency Trading Bot.
Bitcoin TradeRobot is an automated trading bot that uses artificial intelligence to purchase and sell cryptocurrencies seeking the highest return on investment. This program was initiated by a team of technology and cryptocurrency professionals who saw the treasure behind creating such a product in the market.
Basically, Bitcoin TradeRobot uses the versatile nature of the cryptocurrency market to predict how people will invest, then buys cheap parts and sells them at a high price. The company claims that this program can be used for cryptocurrency trading because it will earn most of the time and will lose so seldom on transactions that it will be profitable. AI Crypto Trading
Earning through Bitcoin
There are a lot of ways to earn via Bitcoins. There are also a lot of software, platforms online that will tell you they can help you generate more income with bitcoin. Most of the software also supports an amazing number of different exchanges, such as Bitfinex, Huobipro, Bittrex, Poloniex, Bitstamp, OKcoin, HitBTC, Coinbase Pro, Binance, Kraken, Bleutrade. Looking for the best Bitcoin Bot Software. But keep in mind that Bitcoin is generated through mining. Bitcoin mining is simply the processing of transactions in a digital currency system. Here, the records of the current Bitcoin transactions, also known as blocks, are added to the record of past transactions, called a blockchain... In return, you are awarded a certain amount of Bitcoins per block.
In the cryptocurrency market, there is never closure or sleeping. This is an extremely stressful scenario unlike stock markets, especially for traders and also occasional investors in this industry. Users familiar with investing in cryptography will also be familiar with the feeling of joy or sadness; you can get up one morning and you are greeted with either a pleasant or unpleasant surprise, mostly when you check your wallet and see significant gains or losses.
This is a niche market and due to its volatility, trading bots have become increasingly popular among traders by allowing them to stay in control of their trading at any time- the bot does not sleep even when the trader does. In addition, a properly specified bot allows transactions to be executed faster and more efficiently than the trader could do manually.
That's as simple as it can be. We all know that the world of financial technologies, especially digital develop and so many things can just change in short notice. Also know How To Automate Bitcoin Trading. So stay awake, blockchain users and believers because Bitcoin cryptocurrency trading is an ongoing revolution and Bittrex is just getting started!
submitted by bittrexbots to u/bittrexbots [link] [comments]

What bot or platform are you using on exchanges?

Hi all.
What bot or platform are you using on exchanges like Binance, Kraken, Bitstamp? Are you using any of it or just web interface?
I'm looking for something that could have ability to:
I'm trying to find something on Reddit, crypto websites and Bitcoin forums, but most of them are only adverts or some shady stuff.
Can you recommend sth?
submitted by raven6679 to CryptoCurrencyTrading [link] [comments]

Do Crypto Trading Bots Really Work?

Bots and talk of bots is endemic within the crypto space, with behavior, good and bad, often attributed to their actions. Mt Gox famously had the Willy Bot manipulating merrily, perennial bear Bitfinexed sees bots everywhere, and crypto traders are prone to boasting about the sick returns they’ve raked in from their proprietary arb bots. There’s no doubt that bot activity is very real. But is it profitable?
Got Bots?
In the 1950s, robots were promised that would soon eliminate the daily chores of housewives across the globe. 60 years later, and their cyber counterparts – bots – are promised that will do the same for crypto traders. If the hype is to be believed, these bundles of code can deliver a passive income for even the laziest or dumbest of traders. But as almost everyone knows, the hype is never to be believed. Profiting from bots isn’t that simple or easy. There are several types of trading bots available including arbitrage (arb) bots that capitalize on the difference in prices across exchanges. The price of bitcoin usually differs from exchange to exchange; Bitstamp, for example, typically displays a slightly lower price than Bittrex. The movements of bitcoin and other cryptocurrencies is always mirrored across exchanges, however, so if BTC breaks out due to a massive buy order on Binance, you can bet that the other exchanges will follow suit. Bots work by profiting from the delay it takes for prices to update across all exchanges.
How Profitable Are Bots?
To make any sort of tangible profit from bot trading, you ideally need a stack of crypto to start with. If you’re running a bitcoin arb bot, for example, you’ll need BTC deposited on multiple exchanges that are connected to your bot via API. And even if you do have a healthy spread of coins, the returns can be slight. Romano – Viacoin developer and well-known crypto trader – claims the Hass bot he uses can make “0.26 BTC ($2K) a day by using 9 BTC for example just by using market inefficiencies” before adding that he doesn’t use the market maker bot that comes with Hass and cautioning that it’s “only for skilled traders”.
Arb trading can be likened to playing online poker. If you’re good at setting up your bots, you can make a living off it, but you’ve got to grind it out. Crypto trading bots are reminiscent of those money-making Forex programs that you find “veteran traders” trying to flog. If those Forex guys are as rich and successful as they profess to be, wouldn’t they be better served keeping that esoteric knowledge to themselves rather than offloading it to the masses for $100 a month? In other words, beware of geeks bearing bots.
Examples of Trading Bots
A slew of tokenized projects has emerged that promise “algorithmically-based smarter trading delivered via AI and machine learning” or words to that effect. These systems also utilize bots, but their claims of profitability have yet to be proven. If one of these new platforms were to deliver the goods and provide consistently high returns, crypto traders would flock to it, which simply hasn’t happened.
There is no doubt that machine learning has the potential to yield more profitable trading, but there is also no doubt that a lot of the claims attributed to AI should be filed under As If.
These are the most popular crypto bots on the market (and should only be tried at your own risk):
submitted by goodwinnat to u/goodwinnat [link] [comments]

Binance Trading Bot trading Bitcoin - YouTube Trading bot for Binance Bitstamp Bittrex Coinbase Pro Free trade 50% per day Bitstamp Bitfinex Binance Trading Bot Update R - YouTube Bot de comercio para Binance Bitstamp Bittrex Coinbase Pro ... Pump and dump crypto trade bot for market bitstamp,bitfinex,bitbay,binance,exmo 2020 Bitstamp  Bitfinex  Binance Trading Bot  Update Trading bot for Binance Bitstamp Bittrex Coinbase Pro Free trade Trading bot para Binance Bitstamp Bittrex Coinbase Pro ... Trading bot for Binance Bitstamp Bittrex Coinbase Pro Free trade Trading bot for Binance Bitstamp Bittrex Coinbase Pro/ Free trade bot 2019

Binance [Binance.com], the cryptocurrency exchange that embraces Bitcoin’s forks quicker than any other in the market. It is essentially one of the cryptocurrency exchange that releases futures of Bitcoin forks on day 1 after the snapshot is. One of the selling points of the exchange is the fact that it operates in many countries around the globe. Binance Bitstamp Kucoin Poloniex HitBTC CEX.io Coinbase Pro OKex Huobi Yobit GDAX Cloud ... Set up automatic Bitcoin trading strategies on 16 different exchanges on this 100% free and open source framework. Bear in mind Gekko is Bitcoin only and javascript knowledge required. loading. Fetching your data... Zenbot Cryptocurrency Trading Bot Bitfinex Bitstamp Bittrex CEX.io GDAX Gemini Kraken ... They offer algorithmic crypto trading bots supported on the major Cryptocurrency exchanges like Binance, Bitmex, Kraken, Bitfinex, Bitstamp, Okex, Bitpanda and so on. The bot has a super user-friendly interface, and our users love this simplicity. This makes it easy for beginners to get started. It has Never Been so Easy to Trade like a Pro, with NapBots you get instant crypto bots ready to ... Bitcoin Trading Bot Bitstamp is a platform that supports trading, portfolio tracking, arbitrage, tokens, pearl trading and rating boats and more. \nBitcoin trading uses the payment transaction model rather than the more traditional model of buying and selling currencies. The user is charged for the KRL token. \nThere are many types of products for sale, and those who choose to invest in them ... Top 15 der besten Bitcoin Trading Bots im Jahr 2020 Cryptohopper. Cryptohopper ist, bei weitem, der führende Crypto Trading Bot. Zum einen ist das der erste Cloud-basierte Krypto Bot auf dem Markt, d.h. ihr Trading Robot handelt weiter, wenn der Computer ausgeschaltet ist. Viele würden behaupten, dass dies bester Bitcoin Trader ist, der zur ... Gekko ist ein Bitcoin Trading Bot und eine Backtesting-Plattform, die 18 verschiedene Bitcoin-Börsen (einschließlich Bitfinex, Bitstamp und Poloniex) unterstützt. Gekko ist kostenlos und 100% Open Source, das auf der GitHub-Plattform zu finden ist.

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Binance Trading Bot trading Bitcoin - YouTube

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