LIKE TRADITIONAL MARKET, TRADE COIN HAS AUTOMATIC CAPABILITY
In 2000, Goldman Sachs, one of America critical stock exchanges, had over 600 traders. In 2017, only 2 joint-stock traders operated the whole exchange, and supported automated trade programs. Otherwise, 200 computing engineers was hired in headquarters of Goldman, New York.
Unlike traditional markets, cryptocurrency trade market did not undergo a complete evolution. Being created at the pinnacle of computing era, cryptocurrency trade bots were integrated as well, without interruption.
The trade bots usually use computing algorithms to detect and predict transaction trends. At first, these automatic machines were the guarantee for well-invested hedge funds, but their usage was expanded during the development of financial industry.
As an evidence, JP Morgan estimates only the minor (10%) of transactions nowadays executed by human. Meanwhile, bots implement with super high-speed to gain profit. Also, they are not interfered by sense, experience and emotion but only data, which means they still constantly remain under transaction-rising pressure.
The number of automatic bots is growing up
These bots are existing and utilized by private investors in cryptocurrency market. When cryptocurrency price is increasing by day, this is the best time than ever to integrate automatic bots into cryptocurrency trade. In specific, Coinbase’s user accounts took advantages of Charles Schwab Corp’s ones. Number of traders and proportion of market capitalization would be enhanced following the raise of awareness about cryptocurrency.
Several cryptocurrencies were created at beginning as a rebellion against human. However, recently cryptocurrency is an investment layer for individuals and profitable organizations that gains the biggest profit than any kind of asset in 2018.
Digital currency, adversely, is of fluctuation tendency, which means the emotion boosting traders on the edge would amplify several folds in crypto market.