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Can crypto trading bots be used for long-term investments?

Started by NatashaTaylor Yesterday at 06:51
NatashaTaylor
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Posts: 12
Yesterday at 06:51

Yes, crypto trading bot can be used for long-term investments, especially when programmed with a strategy aimed at long-term growth. For instance, a bot could be set to buy a particular cryptocurrency over a period of time, based on a dollar-cost averaging (DCA) strategy. Additionally, some bots are designed to hold assets for extended periods, only trading when significant price movements occur. However, these bots typically require constant monitoring and adjustments to ensure their strategy remains optimal over time. Bots are not just for short-term trading or speculation but can complement a diversified long-term portfolio. 

 

kenwood
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Posts: 2851
Yesterday at 08:53

I save my lineups and come back later to test out new player combinations or tactical ideas. lineup builder

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