Review of the Bitozz project
Due to the rise of electronic money, more and more e-money exchanges are occurring. At present, there are more than 200 electronic exchange offices . It is therefore not surprising that more and more companies want to join the growing market and this potential to maximize profit while meeting the needs of e-money users. However, they will not be able to distinguish themselves if they offer the same functionality or value, so users must look for another product if they really want to contribute something worthwhile. long time.
In this article, we will review Bitozz Exchange and the issues they will address and how they do it. Bitozz is a new electronic money exchange that, in my opinion, stands out clearly from other electronic money trading platforms. Why To learn more, you should read this article until the end. Remember, I will only discuss two important questions and how Bitozz can handle this in this article. So you should read the official report if you want to know more.
Flexibility and variations for e-money transactions
If you have been in the e-money business for so long (a few months is enough), you will probably find that most trading rooms offer the same trading features with nothing else to highlight. More or less, they follow binance, with their own exchange token, and so on. This feature will not attract new users, it will not create a new and loyal user base because it has been used many times.
If you want to create your own original token, use it to reduce transaction costs, and so on. However, it will not create a new base of loyal users if you do not suggest anything else. You will be overshadowed by Binance or big trading rooms. For this reason, most emerging EMFs risk going bankrupt if they do not offer innovations to their clients.
In fact, many things can be innovated in the current electronic money exchange system. One of them is the limited order type that users can use when trading. Most electronic money exchanges against at least three or two types of buy / sell orders, whether it is the limit, the market or the stop order. These traditional order options have existed since stock trading provided limited options and trading strategies for traders.
These three are not the best combinations for trading strategies. The only strategy for traders would be to sell or buy at the market price (this was not the best trading strategy), to place a limit order at a price in the hope that the market would reach that price and Place a stop order, do not react to market changes. It's always where you put it for the first time.
Another available option is to use a margin / leverage. Of course, it can offer the user the possibility of obtaining profits whatever the market, but margin trading is very risky and sometimes greedy. It is difficult to maintain your emotions and decisions in normal trading activities. When trading margin or leverage, you must have a 1000% life. Most of the time, you will only receive rekt.
Since there is only one limited transaction option for the user, this will create difficulties for algorithm trading. You can not configure your own algorithm if the API does not support these options, can you? And this difficulty finally leads to another difficulty, you can not set up your own complex trading strategies to make up for your loss. In short, forget the purchase of expensive transaction programs, there is no guarantee that you can use it because the exchange does not support the algorithm.
Fortunately, Bitozz is here to help you. They have a lot of trading options, and "a lot", I mean really. See page 14 of their official report, you will see the variations of their trading options. One of the best features I can find is the stop loss command that follows. It works very simply, but it is a really powerful order that will help us to be profitable or avoid rekt-ed.
The stop loss sequence basically adjusts when the price increases, with the same stop loss as the one you defined before. For example, you buy a BTC for $ 100, with a yield loss of 5%. When the BTC price increases, your stop loss will always be 5%, but Bitozz will change the value corresponding to the last BTC price. So your stop loss will not be $ 95 the same as the one you bought the first BTC, but it will increase. In this way, you will enjoy.
Still no information about the installation, for example, when it will be automatically adjusted and how we can customize it. Personally, I would like if we could adjust. For example, if the price increases by 30% since our order, we will place a stop loss at 1% after the last order. If the price rises again after a 30% gain, we can set another stop-loss. In this way, we will make a lot of profit even if we only do one transaction. Yes, the rest will be done using the algorithms we have put in place. Bitozz supports algorithmic transactions, which is excellent.
Bitozz will also support engagement / blocking (with additional features and less fees, a single fee, no other fees). We can apply the same thing to margin trading for stop loss later on. This is a very interesting option for traders as they can very easily make a profit. Personally, I use Bitozz when they start running.
Reduce your online time while making a profit
These limited trading options can only mean one thing: traders need to focus almost 24 hours a day, 7 days a week, to ensure maximum return. You have to follow the price evolution, analyze the market sentiment, read the news, etc. everyday. Even if you use a transaction bot, there is always a risk that your algorithm is wrong and you get an error.
What we described above may look like day trading and you may not like it very much. Of course, you can choose to practice swing trading, but you may still miss important information or market information that has been destroyed in just one hour. All of your trading strategies, in turn, will no longer be useful. What does it mean? This means that there is a risk of losing the chance to obtain profits before the destruction of the market if you are not online 24 hours a day, 7 days a week. Damn, it makes a noise like a constant pain , no?
So, how can we solve this problem?
How can we make the transaction more interesting (especially if you can not do trading activities 24/7, most people can not do it!)? There are several options for doing this. First, you can hire professional traders to trade your property. Second, you can choose to be a long-term holder or find a platform with other options that give you a chance to make a profit, such as automatic adjustments. something similar? (we talked about it, right?)
The first option may only be available for people with a lot of money because you have to pay for these people to get your profits. And it is difficult to find such a person today because they can work alone. For a beginner or a frequent trader, hiring someone else may be the best option. As a long-term owner, it can offer crazy benefits, such as increasing the x1000, but it also carries a significant risk of losing something.
What about the third option? This can certainly be done. Almost any merchant can use these options, no matter how much money they have. They will have to define the algorithm, execute the first transaction and the rest will be executed by the system. Of course, you can also manage it when you have the availability.
The main advantage of using a platform on which you can use some sort of automatic adjustment control (such as stop loss orders) is that you can reduce the sobriety time and view the graph . You can spend free time to improve your knowledge, work for other companies, work more efficiently and generate good income. This is definitely the best option for those who can not be online every day. Fortunately, Bitozz is here for you.
The bottom line
The electronic money market will be worth billions, probably billions of years later. The exchange of electronic money is part of this market. Without innovation on the part of e-money, slowly but surely, they will not be able to compete with other major trading platforms and the user base. Bitozz is one of the new electronic money exchanges that offers many innovations, which will allow the trader to experience a new level of trading. Let's see how Bitozz will achieve its goals. It's really worth the wait.
Details:
Website: https://bitozz.com/home
Twitter: https://twitter.com/BitozzExchange
Facebook: https://www.facebook.com/bitozzexchange/
Telegram: https://t.me/bitozz_exchange
Author of Details
Username Bitcointalk: Justilankov
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2432188;sa=summary
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