The text below is an advertorial article that was not written by Cryptonews.com journalists.
The COVID-19 pandemic is, unfortunately, not the first worldwide crisis people are experiencing in their lifetimes, but for most, it is the biggest one. The constant need for isolation, quarantines, and lockdowns has brought the economy to a standstill and cost many people their jobs. The population is increasingly turning towards ways of generating passive income to offset the losses they’ve been experiencing, or at least researching the ways they can get into this area to prepare for similar events in the future. What this means is that both traditional investing and cryptocurrency trading have seen a surge in popularity.
For many newcomers in the area, the prospect of trading can seem like it has a steep learning curve. Additionally, during the pandemic, the World Health Organization reports elevated rates of stress and anxiety (especially among vulnerable groups). Stress has been proven to be detrimental to decision making, which means that entering the day trading space for the first time now can potentially do more harm than good. And while the cryptocurrency industry benefits from an increased number of participants, as they generate more trading volume, individuals lose out and become more reluctant to return to the activity once the crisis passes.
However, novices don’t have to go through the effort of learning precise ins and outs of day trading. An alternative to the most popular manual approach is the use of trading bots like Bitcoin Profit, which only require users to make a deposit (the minimum is usually around USD 250), and they take over trading. The bots are often so programmed that they analyze previous data and market behaviors to determine the best times to buy, sell, and to exit a trade as soon as it gives off any hint of a loss. For most, this means they can just turn on their computer, deposit a certain amount of money, and let it earn them a passive income.
One drawback of using bots like Bitcoin Profit rather than manual trading is that the profits may not be as significant as they would be were you to take bigger risks. The algorithm is designed to allow people to earn money, no matter how much or how little it may be – after all, in uncertain times, every penny counts. But for those who believe that “he who dares, wins,” the software allows for a switch to manual trading as well. That way, all your funds are in one place, and you get to choose how much (or how little) you want to risk.
One of the loudest messages during this pandemic has been the idea that we should use the time we have to spend indoors to work on ourselves and our lives. But the constant threat of disease makes that significantly harder than it looks at first glance. If you’re still willing to find a way to earn more money without the stress factor of a pandemic playing a part, Bitcoin Profit may just be the solution for you.
Warning: This is a sponsored article that does not necessarily reflect the opinion of Cryptonews and that does not constitute investment advice or trading instructions. Cryptonews does not accept any responsibility for any trading or investment-related losses incurred by its visitors.