Most traders create and run grid bots on their chosen exchange and pairs. These create grid orders for buying and selling, during times of extreme volatility they will often end up holding the coin for a considerate amount of time before the price returns to the range of their grids. This is a manual effort and requires some understanding of the market.

Other crypto trading bots execute actions based on a user’s strategy and rules. Again, it’s still up to the user to define these rules and what pairs to invest in, how much to allocate, when to pull out of a position and how to rebalance the strategy if things start to go wrong.

minty’s automated crypto investing strategy and algorithms are based on a lot of tried and thoroughly tested trading strategies, quantitative research and AI (we aren’t saying this for the buzzword either). All you need to do is create an account and deposit funds, everything else will be automatically executed.

There is no easy way to answer this, it all depends on your own personal risk tolerance. 

Some investors prefer to hold their crypto for the long run, we are talking months if not years, before checking their holdings and withdrawing any profit, if they have made some.

There are also other options such as actively trading, mining, staking and ICOs etc. This will all require patience and a good amount of research and learning.

The minty platform is based on avoiding all the effort needed to learn and spending too much time sitting in front of your screen debating if you are making the right decision, or not. It aims to take advantage of the speed and carefully considered actions by our algorithms.

To be completely honest, deciding if investing in cryptocurrency will be a good match for your financial situation is completely down to you. However, over the last several years, crypto has grown into a fully-fledged asset class.

Well-known investment giants by the likes of JP Morgan and others have turned from being crypto critics to ending up having dedicated branches for investing in cryptocurrency. Not to mention the billions of dollars these companies have raised following their realisation of the potential and profitability of the crypto industry.

Oh god yes. You’ll often hear people referring to themselves as diamond or paper hands. Those with diamond hands are the ones more in control of their emotions and in return, their trades. They usually have set rules and strategies that they stick to regardless.

Traders with paper hands are more of the opposite, usually making rash decisions if they see a negative profit and tend to go by impulse and pressure from the markets.

This article is a good insight into trading psychology.

We are safe to say that minty is more for the diamond hands. Being completely automated means that its actions are 100% emotionless – no matter the amount of profit or loss that will be obtained in the process.

No. Whilst we are on the topic of silly questions 101, allow us to divulge a bit more.

Promises of returns with no loss and free money in crypto are something you will, unfortunately, come across quite regularly. Crypto is still in the early stages of its life and due to the insane speeds at that it is being adopted, of course, there will be scams.

This article will give you a good understanding of what to look out for but as a general rule of thumb:

• Do not buy/invest in something you’re not sure of, exchange or currency.
• Do not give money to ‘financial advisers’ you meet in chat rooms.
• Do not believe social media posts promoting free cryptocurrency giveaways.
• Do not share your private keys that you use to access your wallet or exchange.

Here at minty, we will never claim or guarantee that you will make money or give you substantial returns. Trust, transparency and honesty is in our blood – this is why we have made all of our platform’s statistics public.

We also hate scammers so are more than happy to give our two cents (our community too!) on something you are not too sure of in our Discord, to hopefully prevent you from making a mistake.