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Last month was a crypto rollercoaster. Bill Gates said crypto is based on greater fool theory. The market has lost more than $1 trillion dollars since November, and there are still signs of further damage, including Celsius’ pause on withdrawals. The wild west of finance is clearly suffering, and the whiplash pace of recent headlines is likely to leave most investors full of uncertainty and anxiety. Pionex’s trustworthy crypto trading bots can help investors weather the crypto storm.
Despite the recent maelstrom of bad news, the fundamental innovations behind crypto are sound: reimaging finance as more decentralized, independent, digital, and accessible. So as investors wade through the current moment, there are simple steps they can take with Pionex to weather the storm and reduce risk.
Pionex makes the risk management tactics of big institutional investment houses and hedge funds accessible to every investor. Using three simple tactics, investors can succeed in even the most volatile of markets.
Pionex takes emotions out of the equation
Emotion can easily derail the most carefully planned investment strategy. Especially with the tailwind of bad news currently swirling through crypto, panic and fear can dictate investment choices. However, the reality is that those emotions don’t lead to good decisions. That’s why the top investment firms have teams of people to monitor the market and make quantitatively-sound choices.
For the average individual, though, it’s harder to see how to remove emotions from investment decisions. That’s where Pionex’s crypto bots can help. By investing with a bot, investors have an extra layer of protection against emotional decisions. Bots can faithfully execute a trading strategy under any market conditions, leaving investors protected from the fallout of emotional investing.
Trading bots help you maintain your investment plan
Investors must stick to the plan of when to buy and sell. But fully managing a portfolio is time-consuming, especially for a market that operates 24/7. The speed at which the markets change leaves little margin for error in reaction time, leaving those that engage in activities such as working a job, sleeping, eating, having friends, and well, doing the things that it means to be human, at a disadvantage in the crypto marketplace.
The solution to successfully investing in a volatile market while not letting investments consume your life is crypto trading bots. A…
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