Bitcoin or other cryptocurrencies is preferred over mean reversion transactions. Besides, it&rsquo;s essential to do some research beforehand.</p>\n<p>To apply the method traders can begin by waiting for the price to hit the bottom band and then taking a long position when it happens. Then they set a trailing stop with the 20 MA as the stop price. Each moment the MA changes, they move the stop. Finally, they can only abandon the trade when the price re-approaches the 20 MA.</p>\n<h3>Mean Reversion</h3>\n<p>Traders can also employ Bollinger Bands by waiting for the market to reach the lower or higher bands before acting. 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A bot, on the other hand,&nbsp; manages automated network assignment.s</p>\n<p>To put things into perspective, traders can program a robot to execute a trade in the most efficient way imaginable, based on a predetermined set of rules.</p>\n<p>The most modern bots can even examine a few markets at the same time, as well as buy and sell in response to real-time changes, automatically. Bot trading seems to be superior to human trading because of the speed, since they don&rsquo;t need any rest time.</p>\n<p>Aside from that, humans have a tendency to base their decisions on their emotions. Bots, on the other hand, make decisions based purely on statistical data, processing enormous volumes of information at the same time, something humans cannot accomplish.</p>\n<p>In <strong>crypto trading</strong>, bots have a lot of similar applications. They can be utilized to shorten the time it takes to accomplish tasks such as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-portfolio/">portfolio rebalancing.&nbsp;</p>\n<p>Furthermore, bots may be used to ensure that tasks are completed on time.&nbsp; Many deals can become too difficult for humans to complete, in this instance, bots can ease the process of executing the trade.</p>\n<p>Types of crypto bots:</p>\n<ul>\n<li>Market making</li>\n<li>Arbitrage</li>\n<li>Technical trading</li>\n<li><strong>Profile automation</strong></li>\n</ul>\n<p><em>However, users can code their own bots if they prefer.</em></p>\n<p>It is crucial to note though that bots can never assure that the transactions will be successful. The vast computer power and byzantine algorithms available to the greatest institutional investors allow them to acquire a significant competitive edge. But they are not accessible to the typical crypto trader.</p>","level":"easy","meta_title":"What are Bots? Definition & Meaning | Crypto Wiki","meta_description":"Bots meaning: Bots - A bot is a software application that conducts automated network tasks.","meta_keywords":null,"language":"en","created_at":"2022-02-17T14:35:35.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-are-bots"},"prevSection":{"id":114,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Blockchain Trilemma?","slug":"what-is-blockchain-trilemma","section":"B","keyword":"Blockchain Trilemma","status":"published","definition":"an idea that discusses the problems of security, decentralization, and ease of use.","content":"<p>The blockchain trilemma idea was invented by <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-vitalik-buterin/">Vitalik Buterin</a></strong>. It emphasizes <strong>the major issues of security, decentralization, and ease of use</strong>. Developers are the ones that run across these issues when creating blockchains, which means they generally have to select one problem to ignore while focusing on the other two.</p>\n<p>According to the CAP theorem, which was devised in the 1980s, by computer scientists, decentralized data storage - of which blockchain is one implementation - can only give two of three assurances at the same time. <strong>These are</strong> <strong>consistency, availability, and partition tolerance</strong>. As a result, many people believe that blockchains must give up one of the three.</p>\n<p>Many people also assume that controlling the three factors is unattainable and will never be accomplished. Nonetheless, this does not deter ambitious engineers who believe that blockchain networks can include all three and much more.</p>\n<p>Furthermore, the never-ending evolution of the decentralized environment resulted in <strong>Layer-1 and Layer-2</strong> <strong>solutions</strong> that eventually addressed the trilemma, alongside the emergence of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-stake-pos/">Proof-of-Stake in the blockchain. Therefore, blockchain networks should have unchangeable protection to avoid fraudsters from gaining control.</p>\n<p>Rather than being administered by a single organization, blockchains spread network control fairly among all members. Likewise, blockchains should be able to sustain a large number of transactions and participants without experiencing bottlenecks due to increased fees and transaction delays.</p>","level":"easy","meta_title":"What is Blockchain Trilemma? Definition & Meaning | Crypto Wiki","meta_description":"Blockchain Trilemma meaning: Blockchain Trilemma - is an idea that discusses the problems of security, decentralization, and ease of use.","meta_keywords":null,"language":"en","created_at":"2022-02-17T13:47:57.000000Z","updated_at":"2022-11-09T09:54:06.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-blockchain-trilemma"},"currentChapter":"B","currentSection":"what-is-bollinger-band","chapterTitle":"B","readingLevel":"hard"},"url":"/crypto/learn/crypto-terms/what-is-bollinger-band","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">