Re: BTC Robot verdict - once and for all, an unbiased review of reviews
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As you might heard, MTGox (ex leading marketplace) went out of business. This might sound like a bad news for many, but we see it as a good news for bitcoin. and here is why
1. Mtgox issues are nothing new to the market. If you are following the scene, you know that they stopped payouts over a year ago and their troubles were long anticipated and already included in the bitcoin price index. They are already replaced by the promising marketplaces such as Bitstamp and Btc-e. So nothing new here really.
2. A lot of people worried that Mtgox was dragging the btc price down which is true. Finally after it is officially closed, there is no more concern about it. The price will start rising.
3. Low bitcoin price is a good opportunity to buy bitcoins cheap.
4. A lot of newbie traders when they hear bad news they start so called "panic sell". Should i Panic Sell ? Here is the answer http://shouldipanicsell.com/ In short, where most people see negativity, the rich people see opportunity. Most world riches were made during the time of crisis.
Will this affect the BTC robot?
Short answer is NO. All is fine.
We replaced Mtgox by Bitstamp long ago in BTC Robot algorithms so this will not affect the robot in any way. We will of course remove mtgox price feed from the chart as well
How to anticipate where the price will be moving?
Great question. You can do this easily using the Bitcoin indicator for MT4 that you can download here.
BTC robot team
1. Mtgox issues are nothing new to the market. If you are following the scene, you know that they stopped payouts over a year ago and their troubles were long anticipated and already included in the bitcoin price index. They are already replaced by the promising marketplaces such as Bitstamp and Btc-e. So nothing new here really.
2. A lot of people worried that Mtgox was dragging the btc price down which is true. Finally after it is officially closed, there is no more concern about it. The price will start rising.
3. Low bitcoin price is a good opportunity to buy bitcoins cheap.
4. A lot of newbie traders when they hear bad news they start so called "panic sell". Should i Panic Sell ? Here is the answer http://shouldipanicsell.com/ In short, where most people see negativity, the rich people see opportunity. Most world riches were made during the time of crisis.
Will this affect the BTC robot?
Short answer is NO. All is fine.
We replaced Mtgox by Bitstamp long ago in BTC Robot algorithms so this will not affect the robot in any way. We will of course remove mtgox price feed from the chart as well
How to anticipate where the price will be moving?
Great question. You can do this easily using the Bitcoin indicator for MT4 that you can download here.
BTC robot team