Bitcoin is known as a robust asset even if people are not aware of bitcoin’s overall intrinsic value.
The digital asset mimics gold and provides a store of value proposition that is critical within the current era. Ever since the year 2000, the traditional financial system has been slowly crumbling. It has been doing so in more ways than one.
Indeed, the traditional financial system has had many bubbles that have hurt the economies of several emerging markets and nations from Japan to Southeast Asia to the United States in 2000 and 2008 to current periods.
The implausible nature of bitcoin is what enthralls individuals and draws them into the sector to make their gains as it moves up. But what should you think about when it comes to bitcoin trading? One aspect is that you must think about streamlining and automating your speculation. This lets you set strategies and benefit from their overall value. The best part is that you do not have to be in front of the computer the whole time.
Pionex is an exchange with integrated trading bots that aims to do just that. It seeks to be one of the entities you turn to simplify and automate your speculation.
Keep reading this review to learn more about Pionex bot and how it can matter to you.
Time in Business
We can state that Pionex has been in business since at least 2019. It might have been in production over 2018. But it started to appear more social around 2019.
This means that the firm was able to work on the product, conduct the research, and deploy it to their respective users as quickly as possible.
The firm was able to provide a decent product from the start because it was able to draw the right level of users and continues to stay robust even through the next few years. The firm continues to push forward at the time of this writing and keeps seeing more progress on a search engine visibility level as well as on a product level.
It delivers more products regularly to ensure that customers are pleased with its services and ensures to stay in the proverbial cryptocurrency ball. The firm seems to continue to invest in the present and the future for the best results.
Pionex has a fairly strong reputation within the cryptocurrency industry as it is a different type of product. Did you know that Pionex is an exchange with automation bot tools that are a part of its offerings? That is what makes it unique and intriguing overall.
It has a substantial base of reviews and is covered on several prominent crypto oriented websites.
People appreciate the firm because it gives these bots for free and is able to benefit users in more ways than one. The firm is also known because it is quite certainly regulated in places such as Singapore and the United States.
Further, you should know that the firm has critical backers like Banyan Capital, then Shunwei Capital, and of course, the Zhen Fund. It has other partners that have over several million users worldwide.
It would not have these partners and support if it did not have the right reputation. Finally, one can take advantage of the fact that it comes with leveraged tokens, smart trade, staking, bots, and a fantastic user experience for superior value generation.
It will support itself as it is an exchange that provides tools for automated speculation. It is an interesting strategy and it will likely be a great one that works wonders overall for consumers and speculators in the regions it provides value to and for.
Pionex has a small trading fee but it does not charge additional for its bots. That is a plus for people who must pay fees for their exchange on platforms such as Binance. It is certainly beneficial overall and provides great leverage to those who seek to go to one place and benefit from each aspect.
Again, the price is only the trading fee associated with the exchanges.
Ease of Use
Pionex does a fantastic job of providing simplicity throughout the overall product. It is an exchange that is fairly new. That means that it knows what to watch out for and how to give users an amazing experience.
It has fantastic liquidity and various features that make navigation as simple as possible.
The firm has a simple and straightforward trading platform. This platform is available on several mediums. For instance, one can find that it is there on apple mobile devices and android devices. Further, you can find that it is present on desktop as well.
Guess what? You can also take advantage of light and dark mode! Isn’t that great? You bet it is.
Finally, did you know that the user experience also translates to zero costs for deposits? They have a classic maker-taker business and cost setting. You can take advantage of their low 0.005% transaction costs.
Yes, it will cost you to withdraw but that is true for many entities within this sector.
Being that it is an exchange, you can find many settings present within the application.
The first critical point is that you can take advantage of over 8 Pionex bots. These bots include grid auto tool, reverse grid, infinity grid, TWAP automation, trailing take profit automation, margin automation tool, DCA tool, and the leveraged reverse tool.
The grid is perfect for when the market is moving in a flat direction. These auto tools are great for speculating in this type of market. It will purchase at a low point and sell when it increases. It is great because it can offer a bit of passive income with low or negligible risks.
You can use this tool to keep coins safe as the price decreases. It will purchase more when the price declines further. There is no betting against the market with this specific tool.
The infinity grid enables you to purchase at a low time and sell at a higher level. That means that the overall assets will stay at a certain level while the price goes up. This is the next level of the grid bot. You can utilize an AI option or do it yourself.
Are you all about high volume? If so, then you will use the TWAP option. The idea of this is to execute trades so that you do not influence the market significantly. It is about several large orders instead of one giant order. You can do it over several hours or days.
The Trailing Take Profit Bot enables you to maximize your gains by exiting at the best time. It is great because you never want to lose out on gains because you sold too early. There are two settings present here.
The leveraged grid bot is about doubling or tripling your profit by using leverage. You can use it when you think that the market will go up radically.
The margin option enables you to lock funds for a certain time. It is about the speculation and lending aspects. You can go with the market or against it. Individuals use this option to make bets without risking their long term situations.
The DCA tool is great because it buys up a certain portion regularly over time. This averages the value of your bought assets and helps to beat the volatility.
The LRB is all about using leverage with your portfolio holdings to increase your gains. You take advantage of reverse grids and leverage with a sell first and buy soon approach.
There are no reported hacks on Pionex. Then you can be sure that from a regulated standpoint, Pionex bot is there for you. It is a licensed business where it offers services. They will store funds in various ways to protect your assets. Finally, you have two-factor authentication for improved security.
Remember to take advantage of several exchange options to have a great deal of liquidity.
Pionex is great because it offers support on Telegram, Twitter, and email. They are there for you in multiple ways.
Did you know that you can take advantage of tutorials for the best experience possible?
The profitability of a certain set of strategies matters when you are optimizing yourself and your strategies to be in line with the market. The prevailing opinion is that bitcoin and digital assets are only getting started. That they are forming a base and will continue to have different surges and radical price movements upward.
Different firms that range from Square to Paypal and others continue to adopt these currencies or assets and help to bring about more excitement. Further, institutions are coming into the picture and making it to where you must be a key player within the domain by allocating a bit of funds.
The market continues to look at ways to measure bitcoin and its overall fundamental value while looking at the potential capabilities and technical progress and innovation it can add to society.
As stated earlier, no one knows bitcoin’s intrinsic value as such as it presents a Schrodinger’s cat situation. If you think it is worth one million per bitcoin, then it is worth that much, if you think that is worth only a couple hundred thousand per bitcoin, it is only worth that much.
You will make your trades accordingly.
Young technologies such as bitcoin have significant growth potential because of the way it is set up. It has various characteristics that individuals are fond of and different metrics that make it very intriguing.
It is up to you to think about the social epidemic of growth and mainstream participation in overall bitcoin growth. Is there significant contagion? What do the charts and candles tell you? These are all critical points to think about as you speculate around bitcoin and other digital assets such as Ethereum.
You must understand the motivations of others to invest in bitcoin. These aspects can range from currency debasement to other unpleasant scenarios when it relates to the present financial order. The idea is that bitcoin should exist outside of the present financial system and not have ties to a weak or failing economy.
It should be immutable, auditable, and censorship resistant when it comes to moving value. These are all critical factors in a world that seems to be more turbulent.
In the end, it is up to you to position your value accordingly for the best results. The strategies, backtesting, and other features are there for you to conduct your research and look at how you would like to make decisions that benefit your portfolio in the short term and the long term.
The platform is innovative, safe, and secure. You can give Pionex bot a go and find out if it is right for you. Trade with caution and always do your research.