Why is bitcoin’s price so high?

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This will be a simple and straightforward guide to educate those interested in learing more about the bitcoin trading bot Profit Trailer and are looking to get into crypto trading with it. This is not meant to be an in-depth or technical guide ut more of an introduction. Profit trailer is a program that runs on your PC which will trade cryptocurrency coins for you automatically on various exchanges.

It uses this information to make decisions automatically for when to buy new coins and when to sell the coins you hold. How does Profit Trailer make these decisions? How does it do this? Checkout the site Here: Since we have available money in our account the bot will be watch ABC to try and figure out what is a good time to buy it. ABC coin starts to drop in value and the bot notices this. Remember the bot is talking back and forth to the exchange many, many times a second so it can see these changes in real time.

Suddenly, somebody else has bought into the coin and the value begins to rise. Congratulations, you now have a bunch of ABC coin! But you only want to hold it till you can make a profit right? So how does the bot know when to sell ABC coin?

Remember, buy low, sell high! As the coin rises in value it will be watching it very closely as it increase in value. The bot will do the same thing as it did when looking to buy a coin but in reverse. At some point somebody is going to start selling ABC coin and the value will start to decrease.

Sometimes, no matter what, the bot is going to buy a coin that it thought was a good deal, but because of the volatility of the market, the value of the coin may continue to drop.

Let again look at ABC coin and see how the bot tries to get out of a bad situation. So the bot purchased ABC coin, but unfortunately, the value of the coin has continued to drop. What can the bot do to try and help you dig your way out of a big profit hole?

This is where DCA comes into play. With DCA you can substantially cut the amount of value the coin would have to gain in order for you to sell back to the market at a profit. Because of the way averaging works, we would then only have to wait for the coin to rise in value up to. You can set the bot to DCA at any point below the original value for as many times as you want. When you ask around, other users of the bot will give you varying amounts of daily profit, ranging from.

There are MANY factors involved with how much the bot will profit in a day. Settings, market conditions, ect, ect. I hope this helps give you an idea of how Profit Trailer works in the most basic of ways. If you want to discuss Profit Trailer or have questions regarding Profit Trailer we have a great community on our Discord server here: If you are interesting in purchasing Profit Trailer head to their main website here: Here is an article I compiled on setting up the pairs to make sure the coins it is trading aren't bad investments in case you get stuck with them: What is Profit Trailer?

My coin went down a lot in value, how will I ever make a profit! How much cash will the bot make me every day??? Authors get paid when people like you upvote their post. Hi Thanks for all this information. Just getting into bots.

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But is this a bubble? Are the gains real? And are the bitcoin whales in for a sad Christmas? First we must understand what drives bitcoin price and, in particular, this boom. The common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges.

The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first BTC futures products.

This ability makes bitcoin far more palatable to big investors who are currently flooding the market to make profits if and when the bitcoin price falls. This group of enthusiasts bought and held bitcoin and will not sell it at any current price. More and more bitcoin fans are entering into this group and they are driving up demand increases.

We see a common thread between these points: All cryptocurrency movements are based on domain specific media and conversations between traders. Bitcoin traders, it can be said, are now akin to the jolly colonists selling stocks under buttonwood tree. That is all coming and at that point the market will harden itself against panics and booms.

Until then we enjoy rises and dips and volatility that puts most bitcoin dilettantes off their lunch. Ultimately new and old users are testing the limits of a system that, for a decade, has been untested.

The futures market will be a big driver in growth and bust over the next few months as institutional investors begin using the currency. Yes, to those who are betting big on BTC. Again, I cannot tell you whether to buy or sell but the common expectation is that bitcoin raises to a set point and then fluctuates between a high and a low until the next run up. Many expect foul play. Now that Bitcoin futures are available it is easy to buy into futures market first and then create a massive number of buys or sells of Bitcoin to ensure the price swings in favour of your futures contract.

Is this a bubble? Many are disappointed in the moves, believing the rise is happening because of market manipulation. But we must remember that the real value of a cryptocurrency is not driven by price but instead is driven by utility.

While bitcoin may always be the proverbial hidden pot of gold for early buyers the future of all cryptocurrencies is still being written. Just as, in , no one could have predicted the prevalence and value of open source projects like Linux and Apache, no one can currently predict what bitcoin and other cryptocurrencies will do for us in the future.