With any new technology online there is always the promise of a way to beat the system and make money quickly. Bitcoin’s extreme volatility has spawned an entire industry of BTC Robots and Arbitrage systems. We looked through them to see which are your worth your time.
Bitcoin Trading Strategies
When BTC first emerged as a currency the main trading strategy to make money with it was arbitrage based on the different prices offered by different exchanges. Since it is an unregulated decentralized currency there used to be big prices differences between the different markets where Bitcoin was bought and sold. Many of the early systems relied on this to make money.
In recent months there has been an explosion of trading systems and strategies promising to print money while you sleep. While many of these are a complete waste of time there are a few that are worth a second look. Here are some products we think are worth checking out.
My Bitcoin Bot
This new automatic trading software was designed to take advantage of the two hinderances to bitcoin trading: its high price and its volatility. The creators have made a trading platform that is easy to set up and easy to use. More than just for automatic traders thought, any keen traders who are looking for a tool to help them trade Bitcoins will find this handy.
The BTC Robot bills itself as the world’s first dedicated Bitcoin trading robot. It is based on an engine that trades the currency on options platforms taking advantage of the directional changes. They have a counter on the site for the profit that the bot has earned members and have exhibited at several conferences. There’s a lot of information on the site and it’s definitely one worth checking out. There’s also a free downloadable guide to trading BTC you can access here.
This is a cryptocurrency arbitrage robot that trades based on differences in the prices of Bitcoin and Litecoin. By taking advantage of these fluctuations between the currency pairs the bot tries to maximize your earnings as it trades between them. Their is a download version you can use locally as well as a remote server version which you can access from anywhere.
Bitcoin Miracle Trading System
This is a bit different in that it’s not a bot but rather a trading system. This is a book that teaches you to take advantage of Bitcoin price changes to profit on any trading platform with the cryptocurrency. The advantage here is that it’s really cheap and even if you don’t follow it exactly there’s a lot of great information inside the guide. If you’re new to Bitcoin or crypto trading and some of the robots or trading platforms seem intimidating then this is the perfect place to start. This is a solid resource to learn and it includes some insider tips and tricks that anyone can use.