πProblem Statement
Cryptocurrency trading is unexpected and risky. The most difficult issue for traders, whether new or seasoned, is determining the best moments to purchase or sell. This challenge is caused by a number of critical elements. First and foremost, market volatility is a major problem. Crypto markets are infamous for their tremendous volatility, with prices skyrocketing or collapsing in short periods of time. This makes it difficult to forecast market moves precisely. Furthermore, regular monitoring is necessary to make informed trading judgments. Traders must continually monitor market trends, news, social media reactions, and a variety of other factors. This task is time-consuming and nearly impossible to complete continuously without support.
Additionally, there is a technical knowledge barrier. Building a personal trading bot or using advanced trading tools often requires significant technical expertise, which many traders lack. This technical barrier leaves them at a disadvantage.
Lastly, emotional trading poses risks. Without a systematic approach, traders often make decisions based on emotions, leading to potentially unprofitable trades.
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