Elon Musk has been tweeting about cryptocurrency and, to be specific, about Dogecoin and Bitcoin a lot for some time now, and it is called social media influencing as, through his tweets, he is indirectly motivating the investors and financial systems to consider buying or investing in the cryptocurrency. And that action is not without its effect too as every time Elon Musk is tweeting about Bitcoin, its price takes a huge surge upwards, and the market improves too, and this phenomenon has led the UK based crypto trader Andrei Badoiu to develop a bot that will buy Bitcoin whenever there is a tweet from Elon Musk about it.
The bot is currently too technical, but with future upgrades and a little work, it can become much more accessible to other people while helping them trade cryptocurrency based on internet trends and what influencers have to say about cryptocurrency. The bot is equipped with such efficiency that it can make the trade possible in a matter of seconds after Elon Musk has left a tweet about it. Although all of it sounds very promising, it might not pan out the same every time, and for that, a little more input is required into testing this theory.
Configuration of the Bot and Having a Little know-how Knowledge is Necessary
As said earlier, the theory that this bot can help investors to make a profit after the price of crypto starts shooting the skies after Musk’s tweet is still to be tested. Apart from that, the bot does appeal to a lot of crypto investors out there as it is hard to know when a tweet or some other post from a financial influencer out there is going to drop on social media and in what capacity, so if you are busy elsewhere and can’t make the trade, then it is alright as the bot will take care of it for you.
But even then, you require some know-how about the working of the bot and how to make it work in accordance with your trading routine. If some traders are willing to work around that, then it is fine as this way, the bot will prove to be a real asset to them in the long run.