Speculators are paying attention to the price action of bitcoin and other relevant leading cryptocurrency assets. They are closely watching it regularly because investing and trading are all about price movement. It requires patience, due diligence, and the right entry. Of course, you do have to exit out of your position before it turns against you. If it turns against you, then your paper gains start to deteriorate, and you must wait for the next opportunity to exit your position.
That is why more traders are turning to automated tools to help them monitor the markets and gain an edge. That is where applications like Botsfolio enter into the picture. The investors will deploy these tools and ensure that the bots run regularly so that they can participate in the markets without having to be in front of the screens all of the time. They will have it to where they can set instructions and their bot will follow it under varying market conditions.
This is certainly a beautiful aspect in a fast-paced world of digital assets and crypto. You do not want to be on the sidelines but you do want to make the best decisions overall. Here is a Botsfolio review containing everything you must know about this tool and key details that matter to you.
⌛ Time in Business
Botsfolio has been in business since 2020. One can see that they joined Twitter in 2020, and many new firms aim to enter social media platforms as quickly as possible to obtain the proper share of the audience base.
Botsfolio is one application that can help individuals to minimize their concerns around volatility. If one has concerns around expertise or the right investment strategies, one speculation application can help in the long-run.
Regardless of the fact of whether you are thinking about the issue of timing, or the aspect of predicting specific entry and exit points, one can earn a significant portion of capital by participating with the right tools.
This is one bot that can help you to increase your income if you use it wisely. Of course, it helps to streamline processes by ensuring to minimize human emotion in the investing process. Various features in these applications can help humans analyze the market, bring in more insight on genuine value, and enable one to purchase assets at really low price points to gain the best return.
Botsfolio is a unique application within the digital asset industry that enables humans to bring about more ease to their overall speculation operations. It is an application that can appeal to new and old traders alike.
The essence of the bot is to provide value for those on the Binance platform. It aggregates strategies and deploys capital accordingly. It is unique because it has autonomous assessment tools that it brings to the table. The Botsfolio is useful in assessment, purchase, and divestment in a more automated fashion.
TOP TRADING BOTS
💡 Reputation
The Botsfolio application has a fine reputation. If one were to look on social media, one would find minimal complaints and compelling reviews around the app. The general digital assets community appreciates Botsfolio and what it has to offer. It has several followers on Twitter and it does not have consumers that have negative tweets.
One can bank on the fact that Botsfolio is an application that shows worth and lives up to what it aims to do for the cryptocurrency community.
👌 Exchanges
The application is taking a different approach to managing digital assets. The application takes a more hands-on approach and manages digital assets so that individuals do not have to worry about being active in the markets. That is why it is no surprise that it only provides support for one entity, Binance.
Binance is an entity that has exposure to many different assets and so that provides it with a way of reaching many jurisdictions, potential users, and assets within the sector. It is one simple way of approaching the vast part of the market while helping the most amount of people.
As such, it makes sense that it is only working with Binance at the present moment.
💰 Price
The pricing and plans with Botsfolio is simple and straightforward. You do not have to worry about excessive charges with the application. It will charge you a small amount for access to its features and functionalities. The cost is levied on a yearly basis enabling you to maintain your cloud oriented trading app.
The cost varies by the overall portfolio value. 15% performance fee is added on top of the monthly charge per quarter on profits.
PV Tier 1
If you have a portfolio value of $1,000 to $3,000, it will charge $5.00/month. You will also notice that it will charge a 15% performance fee per quarter on the total profits.
PV Tier 2
If you have a portfolio value of $3,000 to $10,000, this will be the tier for you. They will charge $10.00 a month.
PV Tier 3
If you have a portfolio value of $10,000 to $50,000, this will be tier for you. They will charge $15.00/month.
You can make payments via Ethereum, Bitcoin, Bitcoin Cash, and Litecoin.
As you can see, the price is straightforward and these individuals behind the application have incentives to improve the application to obtain higher performance fees per quarter.
😎 Ease of Use
You can take advantage of the benefits of the growing artificial intelligence field, the brain of hedge fund managers, and automation in various ways in one powerful application. Many different applications talk about the value of their own features but Botsfolio offers a few distinct features that genuinely makes a difference for each user.
AI with skills of a professional hedge fund manager
The issue with many trading bot applications is that while they can provide execution simplicity, one must still conduct a variety of research and focus on many aspects of the process by themselves. One must also have some technical knowledge in either programming or chart reading, among other aspects of helpful knowledge. They must understand how to modify and refine the investment strategies in various ways.
But the truth is that many investors do not know how to create a code or speculate. They are stepping into the world of crypto assets and understanding how technology works behind the scenes. Further, did you know that various static automatons will only focus on single pair strategies that will falter after a short time? As you can see, there are several issues at stake.
The primary issue is the lack of dynamic ability to adjust, adapt, and move with the markets. That is where Botsfolio steps into the picture for those on the Binance platform. It does not necessitate any speculation or development requirements. The automation on the Botsfolio platform will work with various strategies that present safer portfolios that can do better in upswing markets and those that head down.
What is even more intriguing about this application is that it is even more autonomous than most tools. The investor does not have to be as hands-on as they would be with other applications.
How this application differs is that it can choose the portfolio and strategy for the investor. For instance, this is the process that one takes with the application. First, sign up and go through a risk assessment survey. The Botsfolio platform will generate an automatic strategy that will fit into the investor’s risk profile.
The system will allocate value in the way that seems to be the most ideal, similar to a financial professional. The application will then deploy the strategy that is best for each individual based on their questionnaire and answers and the user can passively watch the overall growth.
⚙️ Settings
Botsfolio is an intriguing application that ensures to simplify and automate crypto trading for everyone. All one must do is connect their Binance account to the application.
The automaton will purchase and divest the leading cryptos as necessary to create a wonderfully diversified portfolio. What is fantastic about this application is that you can be less involved in it. You do not need to place as many inputs, strategies, or tactics at any time in the process. The best part is that individuals do not have to possess any knowledge when investing in the markets.
Botsfolio will use your funds, read your strategy, and invest in various crypto assets. The individual will have four types of bots working on their behalf. Each of these bots will use different strategies and run simultaneously to each other.
They are known as a long bot, scalper bot, swinger bot, trendy bot, and hedge bot. The long bot will purchase and divest assets over a longer-term horizon. The scalper will look for tiny opportunities, generate dollars regularly and ensure to retain value in minimal price movement. The swinger one will look at price movements and take specific positions for overall long-term profit. One can see that the time horizon is over a week or over a month.
Trendy and hedge bot options will act in a different manner. The former will search for trends and movements over a short-term or long-term trend. Hedge options will kick in during high volatility situations and hedge to optimize futures profitably.
They will also implement strategies to minimize overall risk for the investor. The application will look at your risk appetite and make moves according to your risk appetite. That means that you can participate in hedging, in low-risk options, futures trading, and even initial investment recovery.
🛡️ Security
One can find that all trading takes place on the Binance platform. You will use an Application Programming Interface to connect the application to Binance. Then it will purchase and divest assets for you. The application will not have a right to withdraw your digital assets. It is an overall secure system
💸 Profitability
The truth about profitability is that it depends on quite a bit of factors. For instance, did you know that bitcoin is correlated to the traditional financial system in that people who invest in bitcoin also invest in stocks? Did you also know that aspects such as the United States treasuries, and other concerns can create different ripples within the financial system that can have an effect on crypto?
A rise in borrowing costs, interest rates, and a host of other factors can create tailwinds for certain kinds of assets and can create headwinds for others. While you must understand a few of these factors if you are interested in long-term trades, you must also understand aspects specific to bitcoin to speculate and earn income from your trades.
The next component is that you must be aware of data, fundamentals, and general technicals that matter so you can position yourself wisely. It would be a great idea to watch how central banks initiate policies, if it will be loose or if it will be tighter, and how that affects general assets.
The simple point here is that investors must ensure to monitor the situation with their respective tools and make their decisions to earn profits. It is not easy to earn money in the markets; even with speculation tools, you must still use your brain, make your decisions, set your parameters, place the right inputs, and have your machines execute your desires accordingly.
The present state of the markets is more chaotic. It is more reckless due to decades of issues that piled up over time, creating various effects elsewhere in places like the digital asset market. Remember that you must account for downside risks and general pressure that may weigh on your specific asset.
It is fantastic to watch as asset prices move up but can be quite saddening to see them decline, especially, if they have moved up quite fast with no seeming end to their momentum. Individuals would also want to look at price charts, understand various signals, and see if there is a slowing or increase in certain assets’ momentum.
While bitcoin does correct, and sometimes steeply, it comes back up and pushes to new highs. You can be along for the ride as it goes up and down or position yourself to take advantage of the rise and the decline.
You must ask yourself if you have the tolerance to stay active or if you want to be more passive on a particular part of your portfolio. If you can have a checklist of different aspects to watch out for so that you can minimize risk and move past potential fallouts, that can work within your favor.
Are your assets entering an overbought condition? Are various central bank policies changing? Is inflation on the horizon? These are all various questions you can ask as you navigate the short-term and long-term bitcoin and general crypto-asset industry.
Remember that your portfolio is all about stability, risk minimization, and wealth preservation, as such, you must ensure to do your homework. An app like Botsfolio will help in automating processes and conducting the execution of trades.
At the same time, it differs from other bots in that it does have a brain that can make moves on its own. This bot will ensure to streamline your experience and make moves without you having to do anything at all. It is a novel concept but you must still pay overall attention to the markets and see if everything is to your liking with the application.
📢 The Final Word on Botsfolio
The Botsfolio application can provide a great deal of help and it differs from other tools by providing a brain and an overall automated experience. If you are new to cryptocurrency trading, then it might be worth trying this newbie-friendly automation tool.