Cryptocurrency Trading BoT Using Python

Abstract

Abstract: Our daily life has been merged online and they become more flexible and more effective. A huge growth in number of online users has activated virtual word concepts and created a new business phenomenon which is cryptocurrency to facilitate the financial activities such as buying, selling and trading. Cryptocurrency represent valuable and intangible objects which are used electronically in different applications and networks such as online social networks, online social games, virtual worlds and peer to peer networks. The use of virtual currency has become widespread in many different systems in recent years. At present, trading is done by human which is a hectic work. The first disadvantage is that we analyze the chosen cryptocurrency will rise or fall in value and buy or sell as per our strategies which is not accurate and efficient always, the second one is that we need to keep a watch every second to cope with loss, which is not possible for a human. We can use a bot that can trade by itself to maximize the profit. The bot function by taking the relative strength index (RSI) of the coin and calculates the selling price and buying price for the existing price. This can help the user to gain profit and be relaxed in the fluctuation period of the coin. These bots help capitalize on market opportunities and cut down time spent on monitoring.