Festive, Free Automated Trading Bot Can Be Set Up in 10 Minutes

A cloud trading software platform argues the public has the chance to take advantage of volatility in the cryptocurrency marketplace through automated trading – “maximizing their opportunities” and enabling their assets to appreciate.

Trade Santa says its cloud software platform is designed to automate simple strategies relied upon by thousands of traders around the world. Its bot is free to use, and the company hopes to ensure capitalizing on fluctuations in cryptocurrencies doesn’t need to be a full-time job.

The team behind the Santa Bot says it takes about 10 minutes to set it up and configure the user’s desired trading parameters – such as pairings and profit targets. Detailed tutorials are provided to guide them through every step of the process.

A bot’s ability to trade is delivered through API keys from supported crypto exchanges, and the platform says this means it cannot access user funds or withdraw them without permission. At present, the Santa Bot supports six exchanges, including Poloniex, Binance, Bittrex, Bitfinex, KuCoin and HitBTC.

Unlimited numbers of bots and trading pairs are available to users, and they are also able to perform long and short strategies simultaneously if they so wish. Technical indicators enable the bot to open deals at optimal moments to maximize potential profitability.

The company says bots can place up to 100 times more orders when compared to users who trade manually, and this is because bots can track market movements for dozens of trading pairs simultaneously. All of this can happen 24 hours a day, all year round without permanent attention from the user.

HO, HO, HODL

Trade Santa says it has protections in place should automated trades not go to plan. Extra orders involve a bot buying a specified number of tokens to compensate for unexpected shifts in the market and move take profit orders accordingly.

Its founders argue that automated trading helps to remove emotion from the process – helping investors to avoid chasing losses or making bad decisions in the heat of the moment.

Given the 24-hour nature of the crypto trading world, where dramatic swings in price happen at any time of the day or night, it is hoped the bot will help investors to stay on top of market movements even if they’re away from their computer or asleep.

Getting used to the interface

Through the Trade Santa interface, users are able to review the most successful pairs on each exchange over the past 24 hours – or for more immediate analysis, over a three, six or 12-hour period.

A dashboard enables crypto enthusiasts to get a summary of how their bots are performing. In addition to showing estimated calculated profits, users can see the deals currently in progress, their balance in Bitcoin, and the USDT/BTC exchange rate.

Support is provided through the platform’s Telegram community, and a live chat service can be found on the website, which is unsurprisingly known as “Santa’s Helper.”

Although automation can have its advantages, many experts caution against relying on them altogether. This is because they often can’t react to developments in the news – where a tweet from a crypto company can have huge ramifications for a coin’s price, upwards or downwards. Getting the right results also hinges upon extensive backtesting, where strategies are applied to historical data to get a feel for what the outcome would have been in the past. Even then, past performance cannot always accurately indicate what lies ahead in the future.

As Trade Santa gains traction in the crypto community, the team says its platform will remain free. Subscription pricing is set to be introduced from January 2019.

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A Brief Introduction to Voluntaryism for Crypto Neophytes

A Brief Introduction to Voluntaryism for Crypto Neophytes

Op-Ed

The blockchain space appeals to freethinkers, entrepreneurs, and visionaries. Many of these iconoclasts practice voluntaryism, although a philosophy which new entrants may have not heard about. This is because they entered into the ecosystem from the financial realm, and their sole focus has been on accumulating more wealth. This is a shame. The impetus for cypherpunks to build encrypted technologies arose from a spirit of sovereignty – not just moneymaking schemes. 

Also read: Nvidia Misses Q3 Revenue Target as Cryptocurrency Slump Weighs on Business

What Is Voluntaryism?

Sovereignty denotes a yearning for absolute individual independence. It means many people involved in crypto prefer to live freely, without having to genuflect before someone who claims to rule them; before some king, politician, or governing apparatus. This is the crux of voluntaryism.

A Brief Introduction to Voluntaryism for Crypto Neophytes

Voluntaryists believe all human relationships and interactions should be as consensual as far as possible. They place the notion of “consent” as the North Star of reasoning within the conduit of ethical thinking.

Consent means no human has the moral right to coerce or force another human being into acting against their volition. If someone uses force to sate their whims, that action would be considered immoral and unjust.

In some ways, this philosophy marches in perfect lockstep with the golden rule to treat others the way you wish to be treated. No one wants to be forced into behaving a certain way. No one wants to be harmed or mistreated. Everyone wants to act on their own will, without having to capitulate to others while under duress.

The Barbarian’s Paradigm

By virtue of their philosophy, voluntaryists do not believe government is a moral institution. The organization is at odds with voluntaryist philosophy. Government is non-consensual by nature. Every law, edict, and regulation is effectively a threat of violence against peaceful people. No one automatically consents to government laws. A law is an enforced mandate.

For instance, if someone disobeys a law, a costumed officer will attempt to issue them a ticket or arrest them. If that person moves to defend themselves from that act of aggression, the officer will murder them if necessary.

All government officials disregard consent. They issue or enforce laws regardless if everyone agrees. Therefore, coercive government is the barbarian’s paradigm for social order; it is uncivilized, violent, hysterical, and revels in cultism. It’s sadistic to the extent people are indoctrinated from birth to believe this paradigm of violence is synonymous with “civilization.” In reality, it is uncivilized barbarism writ large on the soul of men.

Logical Conclusion: Anarchism

Without doubt, this means the voluntaryist is an anarchist. Since governments operate without consent, they can never be an acceptable organization within the context of voluntaryist philosophy. Anarchism is thus the logical conclusion of voluntaryism. A Brief Introduction to Voluntaryism for Crypto Neophytes

However, most people hear the word “anarchy” and they lose their cool. Images of picturesque horror scenes rife with explosions, corpses and gore galore erupt in colorful crescendo via their mind’s eye.

They panic and reject the term ‘anarchy’ as a synonym of disorder. They view anarchy as a form of Lovecraftian madness palatable only to fringe academics, disillusioned teenagers, and bohemian punk rockers with cockney accents.

In reality, anarchy just means “without rulers.” It means no person or group has the right to rule over the rest of humanity. It does not imply bloodshed, bazookas, and bombs.

Edward Abbey said, “Anarchism is not a romantic fable but the hardheaded realization, based on five thousand years of experience, that we cannot entrust the management of our lives to kings, priests, politicians, generals, and county commissioners.”

Bedfellows: Voluntaryism and Blockchain

It is no surprise the first technologists to think about using ciphers to ensure privacy and anonymity were voluntaryists. They were anarchists: crypto-anarchists. They built the architecture of technological anarchism, and they were heavily influenced by voluntaryist philosophy. From day one, they sought to use computational tools to generate more freedom.

Timothy May, the godfather of decentralized-encrypted technology, wrote his Crypto-Anarchist Manifesto while under the influence of Rothbardian thinking. May genuinely believed the ethics of voluntaryism. He set the tone for all future developments, including the creation of Bitcoin and all its anarchic features.

Rekindling the Flame of Freedom

To this day, charlatans with dollar signs in their eyes have eroded the voluntaryist vision of the crypto-anarchists. Instead of seeking to erase the barbarian’s paradigm, they focus on the sexual magnetism of “moon” and “Lambo.”

This is why internalizing the voluntaryist-anarchist roots of the crypto ecosystem A Brief Introduction to Voluntaryism for Crypto Neophytesis essential. Understanding this history will pave a path to a beautiful new world, and encourage people to embrace the purpose of the technology. It will help abolish government and put an end to the insanity of this uncivilized world. The voluntaryist mindset will act as a compass toward mass adoption and inspire true love of blockchain. In the process, it will rekindle the flame of freedom.

Are you familiar with voluntaryism? Do you still believe voluntaryism is important for the creation of novel technologies? 


Images courtesy of Twitter and Shutterstock


OP-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.

Oxfam Officially Launches Blockchain-Based Program That Empowers Farmers

Oxfam has officially launched their blockchain-based program, called BlocRice, that is aimed at giving farmers significantly more negotiation power and to increase the efficiency of the supply chain by connecting buyers and suppliers directly through their system.

The new program, which has undergone successful trials in Cambodia, has a primary goal of increasing revenues for farmers, who can be severely underpaid, by allowing them to form agricultural cooperatives that operate similarly to labor unions, that ensure that agriculture product prices rise across the board.

Solinn Lim, the country director of Oxfam in Cambodia, spoke about the launch of the BlocRice initiative, explaining that it will promote the use of smart contracts between organic rice farmers and exporters in Cambodia, and buyers in the Netherlands.

“BlocRice promotes the use of such digital contracts as tools for social and economic empowerment. The application of blockchain technology is expected to enhance the negotiation power of small-scale farmers in their rice value chains, who are usually poor primary producers,” Lim explained.

The use of blockchain-based smart contracts will be cohesive between all the parties in the supply chain, and Oxfam has already negotiated and facilitated the use of these products between rice farmers in Cambodia’s Preah Vihear province, exporters in Cambodia, and SanoRice, the Dutch rice cracker manufacturer.

Lim added that all the information regarding the sourcing, transportation, and use of the rice, will be shared through a central, blockchain-based, system that will allow for a more cohesive and transparent relationship between all involved parties.

“BlocRice promotes the use of such digital contracts as tools for social and economic empowerment. The application of blockchain technology is expected to enhance the negotiation power of small-scale farmers in their rice value chains, who are usually poor primary producers,” she explained.

Furthermore, BlocRice’s modernization of the rice ecosystem will also introduce cashless payments to farmers, many of which previously did not have bank accounts, using accounts provided by Acleda bank.

The Positive Benefits of Blockchain on Humanity

Oxfam’s latest initiative provides a perfect example of how blockchain technology can enhance lives by empowering individuals and rebalancing power-relationships between parties participating in business relationships, including trade.

Song Saran, the CEO of Amru Rice, one of the companies that will be participating in BlocRice as an exporter, spoke about the positive impacts of the initiative, saying that it will “increase transparency, traceability, fairness and trust in the supply chain by and enhance the livelihoods of farmers.”

Saran further added that although the BlocRice initiative will initially be exclusive to rise products, the same system and concept could easily be applied to other products and even other industries, adding that if it’s successful, it could be expanded to all of the communities currently exporting through Amru Rice.

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