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Last month was a crypto rollercoaster. Bill Gates said crypto is based on greater fool theory. The market has lost more than $1 trillion dollars since November, and there are still signs of further damage, including Celsius’ pause on withdrawals. The wild west of finance is clearly suffering, and the whiplash pace of recent headlines is likely to leave most investors full of uncertainty and anxiety. Pionex’s trustworthy crypto trading bots can help investors weather the crypto storm.
Despite the recent maelstrom of bad news, the fundamental innovations behind crypto are sound: reimaging finance as more decentralized, independent, digital, and accessible. So as investors wade through the current moment, there are simple steps they can take with Pionex to weather the storm and reduce risk.
Pionex makes the risk management tactics of big institutional investment houses and hedge funds accessible to every investor. Using three simple tactics, investors can succeed in even the most volatile of markets.
Pionex takes emotions out of the equation
Emotion can easily derail the most carefully planned investment strategy. Especially with the tailwind of bad news currently swirling through crypto, panic and fear can dictate investment choices. However, the reality is that those emotions don’t lead to good decisions. That’s why the top investment firms have teams of people to monitor the market and make quantitatively-sound choices.
For the average individual, though, it’s harder to see how to remove emotions from investment decisions. That’s where Pionex’s crypto bots can help. By investing with a bot, investors have an extra layer of protection against emotional decisions. Bots can faithfully execute a trading strategy under any market conditions, leaving investors protected from the fallout of emotional investing.
Trading bots help you maintain your investment plan
Investors must stick to the plan of when to buy and sell. But fully managing a portfolio is time-consuming, especially for a market that operates 24/7. The speed at which the markets change leaves little margin for error in reaction time, leaving those that engage in activities such as working a job, sleeping, eating, having friends, and well, doing the things that it means to be human, at a disadvantage in the crypto marketplace.
The solution to successfully investing in a volatile market while not letting investments consume your life is crypto trading bots. A cryptocurrency trading bot is an automated program that buys and sells when specific, pre-defined market conditions are met, and Pionex is one of the global leaders in crypto trading bots. With Pionex’s trading bots, investors set their trading strategy and define their risk parameters, but after the initial decision, the execution of the trading strategy is left to the bots.
Pionex offers many types of crypto trading bots, including Moon bots, which intelligently recommend BTC/ETH Moon parameters based on the current currency price. As the currency price fluctuates, the Moon bot earns grid profits. Moon bots are easy to set up and require no monitoring. Other popular bots include grid bots, which allow you to set your upper and lower price margins and the bot automatically trades as prices fluctuate. Pionex also offers rebalancing bots that ensure your portfolio remains diverse. These bots keep your investment strategy on course, allowing you to weather the storm of a crypto meltdown successfully.
Pionex allows you to live your life no matter the market
Successful investors play the long game. As the markets move, it’s important to accept that you might experience temporary losses, but faithfully following your investment strategy will pay dividends. However, rolling with the waves of the crypto markets can be stressful and time-consuming. By allowing Pionex bots to handle the execution of your investment plan, you can weather market turbulence with confidence, knowing your assets are secure.
While you engage in life, bots are trading for you, monitoring the market, managing your assets, and investing at the most optimal time to generate revenue and stave off losses. Bots move faster than humans and make quick decisions devoid of emotion. While it is common for humans to have their decision-making clouded by fear of loss, incorrect market predictions, excitement about the latest trend, and fear of regulatory changes, bots do what is best for your assets in the current market. Crypto trading bots come in many shapes and sizes, but they all share one common goal: to optimize your trading while mitigating risk by working on the market 24/7.
Risk mitigation tools have been available to institutional investors for a long time. With Pionex, they’re now freely available to even the most casual crypto investor. Rather than having to manage each of your assets directly, trading bot platforms like Pionex allow you to set your plan, select what type of bots you wish to utilize, and let AI handle executing your investment strategy.
With 11 free trading bot tools, Pionex has empowered over 100,000 traders to trade in over 250 cryptocurrencies with the security of knowing their assets are expertly managed. Pionex’s bots implement proven risk management strategies that can help even the smallest investors succeed.
So take that vacation, turn off your phone, or schedule that night out with friends. With Pionex bots, you can live your life knowing your investments are continually monitored and optimized to generate maximum returns.
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Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.