How bad is algo vs BTC?

Algo track record against BTC was nothing less than horrible along last year. It's now nearing the apex of a huge falling wedge and not far from its key 0.00007 static support. Will buy the way down to such mark and evaluate back in roughly six months. Aiming to 0.000018 (2.2x), 0.000021+ (3x) e

What are algo trading platforms?

Algo trading platforms allow you to invest money into the financial markets in an automated manner. The entity behind the platform will have personally designed and built the algo trading software from the ground up. This means the algo trading software is only as good as the person or people who created it.

How does an algo trading bot work?

The bot will scan the financial markets throughout the day, using computer codes and chart analysis, constantly looking for trading opportunities. Once it finds one, the algo trading bot will send you a notification, known as a trading signal, with the relevant details. Suppose you are using a fully automated algorithmic trading platform.

Is algo validated or mined?

ALGO is validated rather than mined. Its pure proof-of-stake consensus mechanism uses validation rather than mining to operate a blockchain platform. Crypto mining is generally associated only with the proof-of-work consensus mechanism.