Have you ever heard of dollar-cost averaging (DCA)?
It’s an approach to purchasing as an investment in which the buyer spreads out their purchases so that the total price paid is less affected by market timing.
You won’t say that DCA is risky, right?
If that is the case, so does a trading bot. A trading bot is just a tool to execute your strategy 24/7 for you. Such as trading bot for DCA, so you don’t need to do that manually every day.
At Pionex, you can use a trading bot to earn Bitcoin from the highly correlated patterns we discussed yesterday.
Let’s have a look at the bot that earns Bitcoin again.
This bot earns Bitcoin from the highly correlated pattern between BTC and ETH. The profit can be split into two parts, the profit from the correlation and the profit/loss from the price fluctuation.
The first part will be like the chart shown below. It always goes up steadily and accumulates tiny profits day by day.
The second part, it’s more volatile in the short term. The chart shows the average cost when you swap between BTC and ETH.
You Can Profit from the Trading Bot (if you read these tips)
If this is your first time, here are the tips for you.
- Spread out your investment multiple times with the bot. The entry point for the bot also matters. Rather than go big at a specific price, it’d be safer to spread your investment out.
- For example, put 10% of your investment with the bot first. If the market drop, then adds another 10% to the bot.
- Be patient for the long-term profit; don’t panic about the short-term loss.
- Consider it the time to add some more investment when the market drop. You want to buy low, not FOMO high.
The most important part is to learn the bot’s principles and how it earns money for you.
Our Bitcoin bot earns Bitcoin as profit from the highly correlated pattern between BTC and ETH. The statistics data over the past year show they’re highly correlated at 0.85!
So that’s fundamental for the Bitcoin bot to earn 255.52% in Bitcoin in the past three years.
Grab Your Bitcoin and Start a Bot
Starting a bot is easy at Pionex. Go to pionex.us, and you’ll see the strategy selection. Pick Bitcoin Miner Bot and decide the amount of Bitcoin for it to work for you.
People are always saying DCA is a solid strategy. Tomorrow, I will show you the performance of our Bitcoin strategy combined with the DCA strategy. See you tomorrow!