Reddit user builds crypto bot on Telegram. It was on Reddit that an ambitious project appeared that aims to predict crypto prices in real-time. A Redditor has invented an intelligent robot, able to take into account many variables on the price of cryptos.
This is very interesting news considering how fluctuating the cryptocurrency market is. The possibilities of return on investment are high, but you have to have a strong heart to withstand the sudden rug pulls.
The author of this bot goes by the pseudonym xk4rimx and recently revealed his tool on a dedicated “TelegramBots” subreddit. It remains to be seen whether the latter is effective, and that is what we will see in this article!
How does the xk4rimx crypto bot on Telegram work?
Reducing the high risks associated with the cryptocurrency market seems like a big challenge. The author of the Telegram bot has decided to try the adventure and seems to have succeeded in his bet.
Regarding the operation of the robot, it states:
"The bot is hosted on a premium Heroku dyno and uses the Firebase database."
Dynos and Heroku, what is it?
Heroku is a platform that offers a cloud-based service. The solution helps developers and businesses build and deliver diverse apps like the Redditor crypto bot.
Dynos, on the other hand, are individual virtual servers that are built from Ubuntu images. They have the advantage of being able to adjust their power according to the scope of the application.
In other words, Heroku is the platform that hosts the bot while the dynos allow it to run in the best possible condition.
What is the Firebase database?
Firebase is a set of tools that helps in building an app. It is for developers who want to create something quickly and efficiently. It has everything you need for an application. Namely, creating it, publishing it, supervising it as well as involving users.
The Firebase Realtime Database has cloud hosting which is a great fit for xk4rimx's crypto bot. This allows the application to provide updated data in real-time very simply. It is a safe and recognized solution for applications.
To give a conclusion to all this, we can estimate that the Telegram bot is based on solid foundations. With the technology used, one can expect a quality application that will not encounter major problems and which will be reliable for the users.
How is the crypto bot used?
To do this, you just have to go to the author's Reddit and download his bot from Telegram through this link. To be able to use the bot in question, you will first need to register with a “Cryptocurrency News” group.
The bot will direct you to this when using it. Once done, you just have to enter the command “/start”, for the forecasting tool to run.
This is what will be displayed on the screen:
All you have to do is follow the instructions on your screen to get the forecast. For example, if you want to know the Bitcoin forecast, type “/pred BTC d”. To predict crypto, you just need to enter its symbol on the conversation with the associated command “/pred XXX d”.
Here is the information you will get from this command:
Here, the blue curve predicts a decline in Bitcoin for the next few days. Note however that this method is only an indication. Be careful not to take it for an absolute truth but you can take it into account in your reflection!
READ MORE: Crypto Market Falls After FED Intervention
Crypto bots, a promising future?
Cryptocurrency bots are increasingly used in the industry. For the moment, we are mainly witnessing the emergence of trading assistants that allow you to withdraw or place yourself in positions.
The crypto market is evolving day by day and is gaining more and more complexity. Bots will quickly become essential tools to help investors with their investments. Cryptocurrencies are still and always volatile, this kind of application could help many people navigate the crypto rollercoaster.
Should we use the xk4rimx crypto bot?
For the moment, Reddit users seem very skeptical about the bot's ability to be relevant.
They call the bot a random number generator. In question, the writer's lack of clarity on the variables taken into account in the analyses. For the moment, we advise you to remain cautious about the use of this bot while waiting to learn more.
However, this is a novelty that is making noise in the crypto sphere. This project is to be watched closely in the coming days.
Carefully follow the “Telegram Bot” subreddit to be up to date with all the news, as well as the aforementioned Telegram group “Cryptocurrency News”.
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