{"id":14820,"date":"2022-08-29T20:02:12","date_gmt":"2022-08-29T20:02:12","guid":{"rendered":"https:\/\/www.pionex.us\/blog\/?p=14820"},"modified":"2023-09-29T08:56:01","modified_gmt":"2023-09-29T08:56:01","slug":"top-5-questions-of-pionex-ama-on-reddit","status":"publish","type":"post","link":"https:\/\/www.pionex.us\/blog\/top-5-questions-of-pionex-ama-on-reddit\/","title":{"rendered":"Top 5 Questions of Pionex AMA on Reddit"},"content":{"rendered":"\n<p>On August 26th, we held an AMA in the biggest crypto community on Reddit. It was a blast answered all the questions from our users and people interested in trading bot.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" width=\"634\" height=\"426\" src=\"https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-4.01.18-PM.png\" alt=\"\" class=\"wp-image-14828\" srcset=\"https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-4.01.18-PM.png 634w, https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-4.01.18-PM-300x202.png 300w\" sizes=\"(max-width: 634px) 100vw, 634px\" \/><\/figure>\n\n\n\n<p>Below is the top 5 questions and answers. You can also <a href=\"https:\/\/www.reddit.com\/r\/CryptoCurrency\/comments\/wyadum\/hey_rcryptocurrency_we_are_pionex_we_made_trading\/\" target=\"_blank\" rel=\"noreferrer noopener\">read the full article here<\/a> and leave your comment on Reddit.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" width=\"642\" height=\"131\" src=\"https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-3.51.37-PM.png\" alt=\"\" class=\"wp-image-14821\" srcset=\"https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-3.51.37-PM.png 642w, https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-3.51.37-PM-300x61.png 300w\" sizes=\"(max-width: 642px) 100vw, 642px\" \/><\/figure>\n\n\n\n<div id=\"toc_container\" class=\"toc_transparent no_bullets\"><ul class=\"toc_list\"><li><a href=\"#Answer_1_from_Pionex\">Answer 1 from Pionex<\/a><\/li><li><a href=\"#Answer_2_from_Pionex\">Answer 2 from Pionex<\/a><\/li><li><a href=\"#Answer_3_from_Pionex\">Answer 3 from Pionex<\/a><\/li><li><a href=\"#Answer_4_from_Pionex\">Answer 4 from Pionex<\/a><\/li><li><a href=\"#Answer_5_from_Pionex\">Answer 5 from Pionex<\/a><\/li><\/ul><\/div>\n<h2 id=\"answer-1-from-pionex\"><span id=\"Answer_1_from_Pionex\"><strong><span style=\"text-decoration: underline;\">Answer 1 from Pionex<\/span><\/strong><\/span><\/h2>\n\n\n\n<p>I&#8217;d say there are two different kinds of bots overall in the market.<\/p>\n\n\n\n<p>1\/ Bot that follows signals to buy and sell for you.<\/p>\n\n\n\n<p>2\/ Bot that makes repetitive tasks\/trades<\/p>\n\n\n\n<p>&#8211;<\/p>\n\n\n\n<p>For the first kind of bots, or I&#8217;ll say it&#8217;s a strategy, people won&#8217;t disclose the strategy to the public cause they prefer to keep it themselves and create a managing fund. So they raise funds from VCs, and that&#8217;s their business model.<\/p>\n\n\n\n<p>&#8211;<\/p>\n\n\n\n<p>The second one, it&#8217;s more like a tool for executing repetitive, time-consuming tasks. And this is the type of bot we built at Pionex.<\/p>\n\n\n\n<p>Let me take an example of dollar-cost averaging. You can definitely do it manually, like every day or week. But, with a bot that helps you recurring make the trade, and even with a premium feature like double the amount of DCA when RSI is lower than 40.<\/p>\n\n\n\n<p>Due to the 24\/7 nature of the crypto market, we believe these automatic trading tools\/bots can make it easier for crypto investment. That&#8217;s why we built Pionex and the trading bot.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" width=\"644\" height=\"263\" src=\"https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-3.53.32-PM.png\" alt=\"\" class=\"wp-image-14822\" srcset=\"https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-3.53.32-PM.png 644w, https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-3.53.32-PM-300x123.png 300w\" sizes=\"(max-width: 644px) 100vw, 644px\" \/><\/figure>\n\n\n\n<h2 id=\"answer-from-pionex-1\"><span id=\"Answer_2_from_Pionex\"><strong><span style=\"text-decoration: underline;\"><strong><span style=\"text-decoration: underline;\">Answer 2 from Pionex<\/span><\/strong><\/span><\/strong><\/span><\/h2>\n\n\n\n<p>For the existing bot on Pionex, it won&#8217;t predict the trend for you. You still need to do that by yourself.<\/p>\n\n\n\n<p>But what we might do next is to implement trading signals to the platform. But still, it doesn&#8217;t mean it can 100% helps you to spot the trend. It all depends on the quality of the signals\/strategies. The plan is to invite trading experts in the space and help them to launch their strategy with a subscription system for their fans.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" width=\"631\" height=\"154\" src=\"https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-3.55.51-PM.png\" alt=\"\" class=\"wp-image-14823\" srcset=\"https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-3.55.51-PM.png 631w, https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-3.55.51-PM-300x73.png 300w\" sizes=\"(max-width: 631px) 100vw, 631px\" \/><\/figure>\n\n\n\n<h2 id=\"answer-from-pionex-2\"><span id=\"Answer_3_from_Pionex\"><strong><span style=\"text-decoration: underline;\">Answer 3 from Pionex<\/span><\/strong><\/span><\/h2>\n\n\n\n<p>RIP Mr. Goxx \ud83d\ude4f. No bot will ever outperform the legend but we believe our bots come in at a close second \ud83d\ude09.<\/p>\n\n\n\n<p>But in all seriousness, our grid bot specifically helps you automatically trade within a set range. For example, from April 21 &#8211; April 22, our ETH bot returned 50%, and ETH prices stayed flat. If you were holding, you would&#8217;ve made 0%<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" width=\"665\" height=\"126\" src=\"https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-3.56.58-PM.png\" alt=\"\" class=\"wp-image-14824\" srcset=\"https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-3.56.58-PM.png 665w, https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-3.56.58-PM-300x57.png 300w\" sizes=\"(max-width: 665px) 100vw, 665px\" \/><\/figure>\n\n\n\n<h2 id=\"answer-from-pionex-3\"><span id=\"Answer_4_from_Pionex\"><strong><span style=\"text-decoration: underline;\">Answer 4 from Pionex<\/span><\/strong><\/span><\/h2>\n\n\n\n<p>Imagine everyone just placing a buy order for Bitcoin at $15,000. Then the market will be a flat line without any fluctuations.<\/p>\n\n\n\n<p>But the reality is that there are plenty of speculators aping in and out the market, so we profit from those emotional trader.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" width=\"663\" height=\"188\" src=\"https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-3.58.24-PM-1.png\" alt=\"\" class=\"wp-image-14826\" srcset=\"https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-3.58.24-PM-1.png 663w, https:\/\/blog.pionex.us\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-29-at-3.58.24-PM-1-300x85.png 300w\" sizes=\"(max-width: 663px) 100vw, 663px\" \/><\/figure>\n\n\n\n<h2 id=\"answer-from-pionex-4\"><span id=\"Answer_5_from_Pionex\"><strong><span style=\"text-decoration: underline;\">Answer 5 from Pionex<\/span><\/strong><\/span><\/h2>\n\n\n\n<p>1\/ How do you see your company evolving in the coming years?<\/p>\n\n\n\n<p>We see an increase in the need for a smarter way to invest. Crypto is volatile, people need solutions to protect their assets and get rid of their FOMO emotions.<\/p>\n\n\n\n<p>The funny thing is all the giant companies in the space all focus on&nbsp;<strong>building hype.<\/strong>&nbsp;Provides higher leverage for gamblers, shilling coins and projects, you name it! From a long-term perspective, these are just hurting the investors and the early adopter like you and me.<\/p>\n\n\n\n<p>So Pionex only focuses on building tools that help people have a better life with their crypto investment, not anxiously watching the chart every day.<\/p>\n\n\n\n<p id=\"what-areas-of-growth-are-you-focusing-on\">2\/ What areas of growth are you focusing on?<\/p>\n\n\n\n<p>Definitely for the US market in the coming two years. We have been dominant in the Asia market as a trading bot exchange.<\/p>\n\n\n\n<p>3\/ What are the biggest sector needs and challenges you see to widen crypto adoption and how is your company and its services meeting those needs and challenges?<\/p>\n\n\n\n<p>I would not say we&#8217;re helping directly with blockchain adoption from what we&#8217;re doing. (cause we didn&#8217;t do much on building the blockchain and ecosystem.) But from an investment perspective, we&#8217;re helping more retail investors have a better experience with their crypto investment.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p>Read all the 300+ comments and discuss with 5.3 million crypto investors directly on Reddit: <a href=\"https:\/\/www.reddit.com\/r\/CryptoCurrency\/comments\/wyadum\/hey_rcryptocurrency_we_are_pionex_we_made_trading\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.reddit.com\/r\/CryptoCurrency\/comments\/wyadum\/hey_rcryptocurrency_we_are_pionex_we_made_trading\/<\/a><\/p>\n\n\n\n<div class=\"wp-container-69fa41670dd4f wp-block-group\"><div class=\"wp-block-group__inner-container\">\n<hr class=\"wp-block-separator\"\/>\n<\/div><\/div>\n\n\n\n<p><strong>Download the Pionex.US app to trade on the go:&nbsp;<a href=\"https:\/\/apps.apple.com\/us\/app\/pionex-us-buy-btc-and-eth\/id1567213944\">iOS<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.pionex.us.client&amp;referrer=utm_source%3Dofficialweb\">Android<\/a><\/strong><\/p>\n\n\n\n<p>Follow us to stay up to date with&nbsp;<a href=\"https:\/\/www.pionex.us\/en-US\/\">Pionex.US<\/a>&nbsp;news and announcements:<\/p>\n\n\n\n<p><img loading=\"lazy\" src=\"https:\/\/pionexus.zendesk.com\/hc\/article_attachments\/23437221924121\" alt=\"Group_67__1_.png\" width=\"17\" height=\"17\">&nbsp;<a href=\"https:\/\/discord.gg\/dZbvbeXK46\">Pionex.US on Discord<\/a><\/p>\n\n\n\n<p><img loading=\"lazy\" src=\"https:\/\/support.binance.us\/hc\/article_attachments\/4411746205207\/image6.jpg\" alt=\"image6.jpg\" width=\"18\" height=\"18\">&nbsp;<a href=\"https:\/\/t.me\/pionexus\">Pionex.US on Telegram<\/a><\/p>\n\n\n\n<p><img loading=\"lazy\" src=\"https:\/\/pionexus.zendesk.com\/hc\/article_attachments\/23437268774553\" alt=\"image\" width=\"17\" height=\"12\">&nbsp;&nbsp;<a href=\"https:\/\/www.youtube.com\/@pionexus518\">Pionex.US on YouTube<\/a><\/p>\n\n\n\n<p><img loading=\"lazy\" src=\"https:\/\/pionexus.zendesk.com\/hc\/article_attachments\/23437268779801\" alt=\"image\" width=\"17\" height=\"17\">&nbsp;&nbsp;<a href=\"https:\/\/twitter.com\/PionexUS\">Pionex.US on Twitter<\/a><br><br><em>Trading in the crypto market carries a substantial risk and the possibility of making both significant profits and losses. Please trade cautiously,&nbsp;<\/em><em><a href=\"http:\/\/pionex.us\/\" target=\"_blank\" rel=\"noreferrer noopener\">Pionex.US<\/a><\/em><em>&nbsp;could not assure any profit.&nbsp;<\/em><em><a href=\"https:\/\/www.pionex.us\/blog\/important-information-about-use-of-the-pionex-us-platform-and-risk-disclaimer\/\" target=\"_blank\" rel=\"noreferrer noopener\">Risk Disclaimer<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 26th, we held an AMA in the biggest crypto community on Reddit. It was a blast answered all the questions from our users and people interested in trading bot. Below is the top 5 questions and answers. You can also read the full article here and leave your comment on Reddit. Answer 1 <a href=\"https:\/\/www.pionex.us\/blog\/top-5-questions-of-pionex-ama-on-reddit\/\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  Top 5 Questions of Pionex AMA on Reddit<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":14828,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[883,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/posts\/14820"}],"collection":[{"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/comments?post=14820"}],"version-history":[{"count":6,"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/posts\/14820\/revisions"}],"predecessor-version":[{"id":15435,"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/posts\/14820\/revisions\/15435"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/media\/14828"}],"wp:attachment":[{"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/media?parent=14820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/categories?post=14820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/tags?post=14820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}