Trading cryptocurrencies in the past meant struggling with low liquidity and great volatility and being patient while waiting for meaningful price changes.
This is why many turned to mining in those early days, as it provided a steady supply of cryptocurrencies, allowing crypto users to increase their wealth.
How Bitcoin Mining Became Inaccessible to Most People
Mining Bitcoin, for example, used to be something that anyone could do, with the only requirements being that one has a computer and a bit of technical knowledge that would allow them to understand how to set things up.
However, it became much more difficult to get into over the years. At first, anyone could mine with their CPU, but then the GPU became necessary as competition grew stronger and the mining difficulty increased.
As more people joined the ranks of BTC miners, the difficulty of mining skyrocketed to the point where a regular PC could no longer provide the computational capacity needed to process the transactions and solve blocks.
This led to the creation of specialized, extremely powerful mining rigs, which are still used today. However, they typically cost thousands of dollars, which is on top of massive electricity requirements, meaning that the miners’ power bills tend to get huge.
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This is why it is extremely difficult to get into Bitcoin mining today and why market participants who can’t afford to buy expensive equipment went back to trading and investing. However, with the arrival of WienerAI, trading might not be as risky and difficult as it used to be.
How Does WienerAI Change Crypto Trading?
While trading has come a long way since the early days, being much more straightforward, more accessible, with greater liquidity enabled, and more — it is still very risky. The crypto market is as unpredictable as ever, making it easy to make a wrong move and buy at the wrong time.
Of course, experts know how to assess the market and make the right moves for the most part, but not everyone has years of crypto trading experience or the money to start learning it now through trial and error.
WienerAI will change this by introducing one of the most advanced trading bots available today. Powered by AI and predictive technology, this bot will become one of the best tools in any trader’s arsenal. It will assess the market, find hidden opportunities, and inform traders when to make the right move.
In other words, it will become the ultimate trading companion that anyone can use. Experts will get the confirmation of their market assessments and perhaps even some new insights.
Meanwhile, inexperienced traders can use the bot to detect the best opportunities and then study the situation to decide why these are the best opportunities at the given time.
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This will help them develop trading skills and instincts and profit from following the bot’s lead. With the AI’s help, most trades could end up being successful, which will make trading more reliable.
This will bring it closer to the earnings one could make from mining Bitcoin back in the day, which is why many who might be interested in mining might soon become even more interested in trading with AI at their side.
