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Major Upgrade to Auto-Invest Bot: Portfolio Set to Begin a New Chapter

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Bitget Markets Guide

SINGAPORE, Sept. 14, 2023 /PRNewswire/ — Recently, the Bitget team upgraded the auto-invest bot and introduced a brand new Portfolio mode. Bitget adheres to the principle of “Trade smarter”, aiming to create a more convenient, efficient, and intelligent trading environment for users. Helping users to make smarter and more professional investments or trading decisions, which offers them the potential for greater profit.

1. What is Portfolio?

Portfolios are smart recommendations that can be found in Bitget’s auto-invest bot section. Portfolios are composed of a variety of leading tokens in a particular domain or sector, each with a specified weight. The weight proportion of a token represents its importance within the portfolio or within that particular sector. Projects are generally evaluated and ranked comprehensively on a number of dimensions, including growth prospects, technology, popularity, and innovation. Bitget is committed to recommending the highest-quality investment portfolios to users.

Portfolios combine different assets within a particular domain or sector, and instead of investing in a single coin, users are investing in an entire sector or multiple domains. Portfolios achieve investment diversification while effectively mitigating the risk associated with individual positions, helping users guard against and balance significant market fluctuations. For example, if you want to generate stable high returns in the crypto market, you can buy several different tokens so that you have a diversified portfolio. If some of the tokens experience major fluctuations or other issues, your entire Portfolio will not be greatly affected, as the performance of other tokens will offset your overall losses.

Understanding and using a Portfolio is of utmost importance for the average user who is seeking gains in the ever-changing crypto market. However, with the constant proliferation of various projects, trading has become more challenging, and the complexity of distinguishing between projects has also increased. Only by continuously improving one’s comprehensive capabilities can you select high-quality projects and build top-notch portfolios. Recognizing this market phenomenon, Bitget has launched a user-friendly smart Portfolio mode to help users navigate the crypto market with ease.

2. Characteristics of Bitget Portfolios

  • More Professional: The coins and their weight proportions in the Portfolio are carefully assessed and rigorously selected through a comprehensive evaluation, strict screening, and historical data analysis by Bitget’s team.
  • Simple Settings, Intuitive Activation: Users can select their favorite Portfolio based on returns and the number of users, and by simply filling in the investment amount, they can initiate the auto-invest portfolio with a single click.
  • Diversified Risk Appetites: Users have different risk appetites, and Bitget offers Portfolios with different risk levels to cater to users with different risk profiles. They are categorized into three main types: low risk, medium risk, and high risk, with investment returns ranging from low to high depending on the risk level. Whether you are a conservative user or an aggressive user, you can find the right Portfolio for you.
  • Comprehensiveness and Richness: Portfolio recommendations encompass a collection of assets from a single or multiple domains, providing users with diversified choices. Bitget will continue to introduce more bots in response to market fluctuations.

3. Portfolio Recommendation

The core of a high-quality Portfolio lies in the correlation and risk between each asset within the Portfolio, rather than just a simple combination of different assets.

3.1 Selection of Investment Targets

In the ever-changing crypto market, selecting the right investment targets is not an easy task, but there is a solution to every challenge. Users can perform an initial screening in the following two ways.

  • Relying on market capitalization

The larger the market capitalization, the relatively safer the tokens.

The larger the market capitalization, the better the liquidity.

  • Selecting leading projects within a sector

For average users, it is advisable to refrain from investing in seemingly bullish but unfamiliar projects, since we can not anticipate the hidden factors

behind the sudden surge of the project, which may lead to unnecessary losses. Choosing the leading project within a particular sector is the simplest and safest approach. The coming years will continue to be an era of competition for existing resources, which applies to various sectors, with high-quality resources tending to favor leading projects. Leading projects typically outshine other unknown ones in terms of brand advantage, market channels, cost advantages, R&D capabilities, and talent resources. The strong will continue to grow stronger, while the weak will find it increasingly harder to survive.

3.2 Asset Allocation

Asset allocation is a critical concept in Portfolio theory, referring to how assets are allocated based on their characteristics, such as risk, return, liquidity, and more. The purpose of asset allocation is to achieve investment targets while minimizing risk.

Typically, different types of assets carry varying risks and rewards, so asset allocation requires considering these factors comprehensively to achieve optimal investment returns and risk control.

3.3 Diversified Investment

Diversified investment is a key concept in Portfolio theory, which refers to spreading assets across different tokens or sectors, reducing the investment weight of a single token or sector to mitigate overall risk. This is because a single token or a particular sector is typically influenced by various economic and market factors. If users allocate all their assets to the same token or sector, in the event of a significant impact on that token or sector, their entire investment may incur irreparable losses.

It is important to note that Portfolio theory does not guarantee a return on investment, as markets involve uncertainty and risks. However, through proper asset allocation and Portfolio management, you can enhance risk control and get the best possible return on your investment. At the same time, regularly evaluating and adjusting your Portfolio ensures that your investment strategy is always in line with your investment targets and risk appetite.

4. How to Create a Portfolio strategy?  (Web)

4.1 Log in to your Bitget account. Head to Homepage > Bots, and click on Spot Auto-invest to trade.

4.2 Head to Recommended Portfolio, and select the corresponding recommended card based on the Portfolio profile information and ROI. Click on Select to view the specific cryptocurrency composition and the corresponding weight proportions. (Recommended Portfolio mode is more suitable for novice users)

Friendly reminder:

4.3 If you are an experienced trader, you can use Manual mode to periodically adjust your Portfolio based on market conditions and investment targets. For example, if an asset is performing well, you might consider increasing its weight; if an asset is not performing well, you might consider decreasing its weight or cutting its holdings.

4.4 Select the investment frequency. The investment intervals can be hourly or monthly. The calculation will be based on the local time of your current device. All asset prices will reflect the market price at the time of your selection.

4.5 Enter the amount, which is the total value you want to invest (currently in USDT). Ensure that your spot account has a sufficient balance. Otherwise, the bot may be forced to terminate suddenly. You can still adjust the amount after the bot has been activated.

4.6 Check the box below if you want the bot to be automatically terminated when your spot account balance is insufficient. You can reactivate the bot at any time.

Note: To learn more about the relevant parameters, view Spot auto-invest parameters explained.

4.7 View bot performance

Go to the bottom of the Trading bots page to see your current bots. You can also view the Bot Details or choose Terminate.

5.  Crypto price Today

How can I predict cryptocurrency prices?

What are the top crypto coins right now?

What drives cryptocurrency prices?

How to read cryptocurrency prices?

Come to Bitget Crypto Price, you can see more than 12,000 crypto real-time prices, Watchlist, All crypto
TrendingATH, 52 weeks high and 52 weeks low

6.   Crypto Calculator

Bitget real-time crypto calculator assists you in converting prices online between two currencies. Stay updated on popular cryptocurrency exchange rates like Bitcoin, Ethereum, Cardano, Solana, and Dogecoin with the latest conversion rates.

Keep track of the latest news and pricing by signing up with Bitget today. Check out our guides that cover how to convert and buy crypto, including How to buy Bitcoin and How to buy Ethereum.

Disclaimer

Portfolio is a trading tool. The abovementioned information should not be regarded as financial or investment advice provided by Bitget. Portfolio returns may be impacted by one-sided market conditions or improper price interval settings. You can adjust your Portfolio strategy according to market conditions. Your use of this tool is subject to your unconditional acceptance of all the Terms and Conditions of Bitget. You should be fully aware of the risks associated with cryptocurrency investments and proceed with caution. You agree that all investments conducted on Bitget.com reflect your genuine investment intent, and you unconditionally accept the potential risks and gains of your investment decisions.

Photo – https://mma.prnewswire.com/media/2209393/Bitget_crypto_Landingpage.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/major-upgrade-to-auto-invest-bot-portfolio-set-to-begin-a-new-chapter-301927188.html

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Blockchain

Binance Announces Adjustment of Tick Size for Spot Trading Pairs

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Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.

Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.

Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.

Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.

Source: blockchain.news

The post Binance Announces Adjustment of Tick Size for Spot Trading Pairs appeared first on HIPTHER Alerts.

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Blockchain

OKX Announces Support for New USDC Spot Trading Pairs

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According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.

In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.

OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.

For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.

Source: blockchain.news

The post OKX Announces Support for New USDC Spot Trading Pairs appeared first on HIPTHER Alerts.

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Blockchain

ShibaSwap rolls out major upgrade, moves to Shibarium

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ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.

The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.

Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.

A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.

The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.

The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.

Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.

As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.

Source: cointelegraph.com

The post ShibaSwap rolls out major upgrade, moves to Shibarium appeared first on HIPTHER Alerts.

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