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Catanonia's Stop Loss Bot is simple designed Bot to help you avoid crashes in the BTC-E exchange whilst you are away from your computer screen. It automatically connects to the BTC-e exchange and places a sell order on your behalf if the price of your coin drops below a certain amount and so protects you from market crashes.
It give you peace of mind whilst you are not actively watching the exchange.
Imagine the situation, you have many BitCoins that you bought for $100 each and currently the price is at $120. You are tired and need sleep, but do you sell now or leave them in the hope that they go up further and that the rate doesn't crash whilst you are asleep. You can't create a lower sell order of $80 to protect yourself as it will be processed immediately and you will sell at that price.
It give you peace of mind whilst you are not actively watching the exchange.
Imagine the situation, you have many BitCoins that you bought for $100 each and currently the price is at $120. You are tired and need sleep, but do you sell now or leave them in the hope that they go up further and that the rate doesn't crash whilst you are asleep. You can't create a lower sell order of $80 to protect yourself as it will be processed immediately and you will sell at that price.
The images above shows the Stop Loss Bot in operation. It is tracking the Litecoin market and will sell 424 Litecoins at $3.8 if it spots the price drop below $3.9
The Bot above has also been set up to progressively increase the sell point as the market increases so allowing it to track upward rises in your coin price allowing you to always set a sell at a % of the actual real time price. This increases your gains as well as ensuring you have a safety sell net should the market crash.
SIMPLE and EASY to use and setup within minutes.
The Bot above has also been set up to progressively increase the sell point as the market increases so allowing it to track upward rises in your coin price allowing you to always set a sell at a % of the actual real time price. This increases your gains as well as ensuring you have a safety sell net should the market crash.
SIMPLE and EASY to use and setup within minutes.