DigieBot has a built in stop that trails the trade when the trade for example reaches 2% in profit. (When the price goes up, it drags the trailing stop-loss along with it). So, if the trade continues to go up, Digiebot could gain more than the 3% you set.
Yes, you have the option to select a “Profit Percentage” when setting up your trades. The profit percent will force DigieBot to exit the trade at a specific percentage (1% - 5%).
Yes, DigieBot can profit in uptrending (Bull) Markets. When you purchase a coin and the price goes up, you have the potential for profit. However, DigieBot can also make profitable trades in a sideways and down market, depending on the liquidity and volume.
No, Digiebot will show the % of gain or loss for each trade. To see the total amount earned, you can check your account balance in your exchange.
When DigieBot buys a coin, it uses your Bitcoin balance you have in your exchange to purchase the coin. When it sells the coin for a profit, the balance is exchanged back into Bitcoin in your exchange wallet. The more profitable trades you have, the more your Bitcoin balance will grow in your exchange account
Scale in is the process of purchasing coins as the price decreases. To scale in (or scaling in) means to set a target price and then invest in increments as coin prices fall below that price. This process continues until the price stops falling or until the intended trade size is reached.
No, it’s not necessary to do cost averaging with Digie, since the autobot will automatically make the best decisions for when to purchase and when to sell. It will be, however, up to you to decide the quantity for each trade.
Dollar Cost Averaging (DCA) is an investment technique of buying a fixed amount of a particular Crypto Currency, on a regular schedule, regardless of the price. The investor purchases more coins when prices are low and fewer coins when prices are high.The technique is so-called because of its potential for reducing the average cost of the coins purchased.
The ability to buy or sell an asset without changing the price.
Digiebot will be trading on Binance. You will need to have a Binance account if you do not have one yet. You can open an account at www.binance.com
Fiat Money is a money with no intrinsic value (Example: It is not backed by gold or silver) that was made legally tendered by Government. The U.S. Dollar, and Euro are examples of a Fiat Currency.
Binance is an cryptocurrency exchange that is based out of China, where you are able to do crypto to crypto trading. www.binance.com
Each wallet has it’s own unique directions for setup. It will depend on what wallet you choose. You will need to follow their steps to setup your account.
Yes, there are fees involved with each exchange. You will need to do some research on exchanges due to the fact that some exchanges charge higher fees than others. You will pay for the ease of use and speed of an exchange, and you will need to determine what you are willing to pay for the exchange with the best security.
Bitcoin is Pseudonymous. While you do not necessarily give your personal information out with your transactions, due to the fact that any transaction is linked to your identity, then your address you transact on, will be linked to all your transactions. And those transaction are recorded on the blockchain forever. Keep in mind, we are not talking about your actual physical address. The only way to be somewhat anonymous, is to use a new address for every transaction you make, but this does not guarantee complete anonymity.
You may spend your Bitcoin Online and Offline. Here are some examples:
This is a process where transactions are verified and then added to a public ledger by anyone with the proper, specialized equipment to mine. The miner must solve difficult mathematical equations, or puzzles in order to verify a transaction and they may then add it to the Blockchain (Public Ledger). They are motivated to mine the public transactions, due to the fact they can earn newly released coins and fee reduction for their own transactions.
Blockchain is a public transaction ledger of past transactions that is decentralized. This means a single entity cannot take control of this ledger. It is consensus driven and can be made public and verified. Since a large number of computers are connected to the network, you are able to view the entire history of a transaction. This makes it very difficult for a hacker to compromise any transactions made in the blockchain.
Bitcoin is considered to be more secure than many of the current Financial institutions that exist today. If you own Bitcoin, you have a large amount of Power over your money. You must follow proper security measures to protect your Bitcoin. While there have been reports of Bitcoin theft, it has mostly been due to negligence on the part of the owner, or improper security measures being used. Coinbase is one such Wallet that can provide the needed security to safekeep your money.
Bitcoin (₿)(https://en.wikipedia.org/wiki/Bitcoin) is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator,[7] though some researchers point at a trend towards centralization.[9]:215, 219–222[10]:3 Bitcoins can be sent from user to user on the peer-to-peer bitcoin network directly, without the need for intermediaries, though intermediaries are widely used.[9]:220–222 Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto[11] and released as open-source software in 2009.[12] Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies,[13] products, and services. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.[14] “(https://en.wikipedia.org/wiki/Bitcoin)
Crypto trading is a way to exchange cryptocurrencies, such as Bitcoin, and Etherium. You can buy and sell these cryptocurrencies, one for another.
No. Investing in stocks gives you shares/ investment in a specific company and not a currency. An investment in cryptocurrency however, is an investment in a currency that is independent of any company.
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DigieBot has a built in stop that trails the trade when the trade for example reaches 2% in profit. (When the price goes up, it drags the trailing stop-loss along with it). So, if the trade continues to go up, Digiebot could gain more than the 3% you set.
You can have more than one license, but you’ll need to run the 2nd license on a different exchange.
A Secure Automated Crypto Trading Bot for both Beginners and Experienced traders