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Bitcoin, automated trading and bots in our new society and it's impact

Bitcoin is a new innovation in our society and the smart are taking advantage in this new technical innovation.

people are buying bitcoin and trading online to make money for themselves and their family. Now is a good time to get into trading because the prices are just recovering from a big crash. this crash plummeted the value of many coins way bellow what is reasonable and now we are catching back up. Each day a new coin has a huge price surge as people get back their confidence in the market and try and jump back onboard after having initially been in doubt.

one good tool people are using for their trading is cryptohopper, the automated trading tool is great as it can run 24/7 and catch all the price movement so you don't have to.

A good cryptohopper guide can be found here

 

Another popular tool is Shrimpy which automatically balances your profile so you always have for example 30% bitcoin 50% ethereum 20% verge.

The benefit of this is as the prices go up and down you automatically take the profits and allocate them to your coins that have yet to rise, when they do you had more of it than previous. this option has shown to be almost always better than holding and shrimpy have lots of evidence to prove this including a powerful back-testing tool.

 

There are many doubters about the whole cryptocurrency landscape and many have good reasons but also many just do not understand the concepts being dealt with. One example is people do not really understand what money is currently and this misunderstanding carries over into their argument. To really understand Bitcoin and other cryptocurrencies you must understand a wide array of concepts and ideas as illustrated by‏ @misir_mahmudov in a recent tweet

To truly understand Bitcoin you must have some grasp of: - Econ - CS - Cryptography - Game Theory - Central Banking - Governance - Global Macro - Risk - Psych - Networks - Dist. Systems

This truly brings home how much of a technological, and social leap Bitcoin is trying to make and why so many people fear and misunderstand it.

 

20 hours ago


The mass adoption of Bitcoin is probably inevitable but also a very slow process, it may feel like it is some big new thing but it has been simmering along for over 9 years now and only hit the mainstream within the last 2 years. Despite most people know knowing off it they still do not really know what it is, how to use it and what the point is. Price speculation has done leaps and bounds more for adoption that any current use cases.

This bring us to the 2 issues currently holding Bitcoin from truly going mainstream;

It is too hard for regular folks to use without losing all their bitcoin to accidental misuse or scams.

It has no use cases people actually case about.

 

Conclusion:

Bitcoin is the future but the people running dev projects using it are not understanding what the general consumer wants and needs and are only catering to themselves which happens to be quite a small niche so until they change that Bitcoin will be nothing more than a speculative asset.

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