Moon Bots — Let’s Gas up The Rocket Ship!
Trading Bots
When looking at how to trade crypto you might be a person who doesn’t have time to really chart a coin, but you still want to get involved with the up and down movements from different coins. This might be when you would like to get involved with a trading bot. A trading bot has the ability to make trades for you. The user needs to input some parameters, however from that point, the trading bot will continue to run until the bot is “stopped” or a parameter has been met. For example, I can say buy bitcoin at 30,000k and sell at 40,000k. It will keep running until those orders have been met. If this is something that interests you, then you might like the exchange of Pionex. It has many different trading bots, but the one I am going to focus on today is a Moon Bot.
What is a Moon Bot?
On Pionex there are currently two different moon bots. These bots are intended for extra long holds and very large price movements. The bots that are currently offered are for BTC/USDT and ETH/USDT. The bots are priced from 10 or 15 thousand as a low point, all the way up to around 100 or 150 thousand as the high point. The prices will be different each day, however the movements are very large. With ETH the prices are not as high, but they are still as wide. A low point of 1000 all the way to a high point of 10,000. The bots move just like a standard grid bot however they also have a very large grid count of 500 grids.
What Does it do?
The idea behind a Moon Bot is to get into a position and let the bot buy an extreme dip, as well as sell the grids all the way up on an extreme price movement. The idea is that you do not have to “chart” the coin, you just have to have the money to get into the bot to begin with. When you do, you can let the bot run and continue to gain profits with the small everyday movements that the prices will do on a normal given day. Even with good and bad news, this bot should capture gains that you are looking for.
mBTC or mETH
If you are sitting there and thinking to yourself that I do not have that much but I do like the idea of having a moon bot and letting it work for me. This section is for you! If you join Pionex and don’t have enough to cover the official 3500 USDT for Bitcoin or Eth then Pionex will automatically help you out. Pionex will automatically switch your investment over to either mBTC or mETH. Which you can then run at a much smaller amount. For example, for a mETH moon bot, it would run from 1.00 all the way up to 10.00 and the price currently of mETH is about 2.00
Making Your Own!
If you are still sitting there and thinking man, I love the idea of a moon bot but not with those choices, Pionex has a work around as well. It will take some time on your part but it does work. With Pionex, you have the ability to make 30 grid trading bots on one pair. SO if you are sitting and wanting to invest in a moon bot with Cardano, ADA, then you can. But you would need to make different bots for different groups. For example, you can make a bot that moves from 0.90 to 1.00, another one that moves from 1.00–1.10 and so on. I did make a video for this style HERE if you are interested in seeing how exactly it works.
Join Today!
If these things are things that interest you, feel free to join with some of the links below. If you have already joined and are wanting to learn more about specific crypto areas, please feel free to follow me for more articles in the future!
Gridbot Guru on YouTube: Click here!
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