Crypto Investments Mobile Crypto

My Thoughts on mobile crypto “mining” projects

As you all should know by now, I am a huge fan of these mobile crypto “mining” projects. I started doing all these mining like way back in March or April 2021 and have not stopped. My favourites have been Pi Network and Eagle Network. Of course there are a few new projects that popped up recently that seemed to be quite decent as well. The crypto verse seem to be ever changing and there have been some great developments and innovation. That is why I am confident that these “more stable” projects will not just simply fail or disappear. Of course there will be a lot that will. Some projects didn’t even last 2 months. One of which was the Shark Network which started in September and by the start of November, the team just disappeared without a trace. Anyway here are some of my thought about these mobile crypto mining projects.

  1. A good project usually takes time. And I mean like a few years from start to something remotely considered “finished”. If you see a project that promises everything to be done within a few months, I think you might want to reconsider the project. And yes, it does take time right? Just imagine building up the brand name, getting and training developers, negotiations with other services and companies and so on. These will take time. So you will need to be in for the long haul.
  2. “Miners” or members don’t usually last very long. This is usually very true, which is kind of sad. They expect to “mine” and get rewarded within a few weeks. Furthermore, some expect the price of the tokens or coins to be sky high at the date of launch. This just doesn’t happen. Even if the project and the corresponding tokens are released quickly and can be publicly traded, it will probably a few years for the token to even gain traction with the public. Nobody is going to believe in a token that was just released a few weeks ago and start investing their hard earned money into it. Again, you will need to be in for the long haul. Patience my friends, patience.
  3. A lot of projects are just scams. Sadly there are a lot of projects popping up everywhere and most of them are just scams or rugpulls. Some don’t even have any experience in the crypto industry and they are just hoping to ride on the crypto wave to make some money. If you read a project whitepaper and it seems extremely fishy or things just don’t make sense, you need to double check the project again. There are even mining apps that just make the user click on advertisements with no intention to reward their users. So please be aware.
  4. Investing. Beware on what you are investing in. If you really want to invest in these projects, I would highly encourage my readers to make sure that the project has some financial backing and the project team is active and constantly updating both the application and adding new features. I have an interesting story about the Eagle Network – at first glance I thought that this is most likely a scam project. But as time progress I started to realize that it isn’t a scam project and the team behind Eagle Network seems to be serious on what they are doing. Yes, so always do some research first. This is very important as a lot of projects tend to claim that you will probably make 100x like by next year and you will miss if you don’t go in NOW. All rubbish. Don’t just rush/FOMO into any project.

Please take care. If you are unsure of a project, it is best to be avoided then. There are just too many scammers out there.

Crypto Investments

Kucoin Trading Bot Update

It has been a few months since I entered into Kucoin’s trading bot. I started with just like USD 100 and now I have placed about USD 1000 on to their trading bots. Here are some lessons I have learned about using the trading bot and what you guys should expect. First and most important of all – this trading bot is NOT an automated money making machine. You will not be guaranteed to be making money just because you allow a machine or some logarithm to do trading for you. It does not work like that. You should expect to make losses especially when the market is in the downtrend. Of course I am talking about the grid (or spot) trading bot on Kucoin. There are other trading bots available for their users but I am specifically talking about their spot trading bot. Why? Because it is actually pretty much easier to understand.

So timing the market is still key. How much profits you are making will depend on when you enter the market simply because you are trading with two assets. So if you hold onto an asset that is going down in value, your overall profits will still go down. The trick is to ensure that the arbitrage profits is more than the dip in price. Basically what the bot does is to divide your funds into parts and buying at certain intervals. So if you put in 1000 USDT, they will divide that 1000 USDT into smaller portions (perhaps like 10 x 100 USDT) and start buying up assets at intervals. How it makes traders money is by profiting from ups and downs in the market. So if by choosing an asset that is more volatile, it will have a higher chance of being profitable. Of course all these are in theory only.

For me, I have been making a loss for my bots for the past few days. This was due to the dip recently. I was making some profits for the past month or so and then this happened. Very disappointing to say the least. So yes, it is still very dependent on market forces. I would also recommend those interested to diversify their assets as well. You should go with a few trading bots instead of just dumping everything into one. Why? Well it can be very hard to predict which crypto asset will tank. So diversifying into different assets is actually a hedge as well. For me, I go for one trade in meme coins, one in layer 1 coins and maybe 1 or 2 in other tokens as well. I try to avoid using trading bots with Bitcoin if possible – BTC is usually less volatile compared to altcoins. So grid trading will not be that profitable if you ask me.

There are also some advanced features for the Kucoin Trading bot which might be useful for investors. One of which is let the bot know when to get into the market. You can set the price where the bot will enter to maximize your profits. I think I will be setting them up once I get out of the current trading bots. It is stupid to just go in without any idea on what is happening in the crypto market anyway. Remember, grid trading bot is a lot like spot trading. Timing is key. Of course if we knew when and where to get into any market, we will all be billionaires already. And Kucoin has different types of trading bots as well. These might be worth while to explore as well.

Anyway I will update you on how the trading bots are going. And don’t forget to take profits. Please do your own research when it comes to investing. I am not a financial advisor. Take care!

Crypto Investments News

Bad Start For Crypto This December?

Well, it looks like a rather bad start for the crypto markets as seen by the recent dip in prices of most cryptocurrencies. So will this December buck the trend for cryptocurrencies? Traditionally, it seems that December will usually be a good time for cryptocurrencies. I was also expecting December to have a decent rally, hence I was pumping some money into a few select crypto assets just a few days ago. But alas, looks like it is not going my way. Of course it is very early in the month and we still have like 26 more days to go before 2022. Crypto markets are extremely volatile and we could indeed see a rally in the coming weeks. It can be very hard to tell sometimes.

So do you guys expect to see a rally in the Crypto markets soon? If so, how big a rally will it be? Are there just too many black swan announcements to dampen the market sentiments? I just don’t know. This time round, it does look rather uncertain. Even the recent market analysis by Coin Bureau shows conflicting results, even if they feel that we are still in a bull market right now. The market was all red yesterday. Even the market favourite LUNA had dipped quite a lot yesterday. Yes I know that there is no such thing as certainty in the crypto sphere but this time round, it does feel a bit different. Perhaps this year will be the year that the markets didn’t really rally that much. Note that I am not saying that the market will dip significantly for December, but I have a feeling it will not rally. More than likely, we will see a mix of bull and bear resulting in the market trading sideways. And the traditional stock markets seems to be dampen as well. So it does look like investors do not have that much confidence overall. And it will spill over to the crypto markets.

Anyway enough of the bad news. If things are trading sideways, it might be a good idea to look for alternatives. One of the alternatives could be using trading bots which leverages on arbitrage. Basically these bots will divide the funds and buy and sell at different levels. For me, I usually split my funds into different trading bots funding different crypto assets. So in theory such trading bots will make you a little money for each trade. But of course in reality, it is just not that simple. So please be careful. My own trading bots (set to whatever default settings the bot gives) is still making me losses at times.

Thank you for reading my post. I need to tell you that I am not a financial advisor. Please do your own research when it comes to investing your hard earned money.

Crypto Mobile Crypto

My top mobile crypto mining app picks

Everyone seems to like top picks so here I am. I will reintroduce to you all my favourite mobile crypto mining apps. However I need to be clear that these apps do not actually do any mining on your mobile device. Most of them simply let you claim rewards once daily (or less or more depending on how it works) and uses very minimal energy, bandwidth and processing power. So all you have to do is to start the app and click a few buttons to get the rewards. So you don’t really need to worry about these apps making your mobile device slow or eating up bandwidth or battery life.

So lets begin. My favorite at the moment is Hi Dollars Network. I think this project has great potential and it should be one of the better ones out there currently. The rewards they are giving out is pretty generous as well. I mean you can mint daily 1 Hi Dollars and that is worth about USD 1.4 at the time of writing. Plus whatever referral rewards you are getting from those you refer to their network. Certainly much better than most other crypto mining tokens. And if you purchase and hold on to their tokens, they have membership benefits as well. You get lifestyle rewards, better earning rates and other benefits. And the Hi Dollars team had said that they will be adding more to their membership. Come on, tell me which project you know give you all these benefits? Furthermore, they are a Defi project – meaning that you will soon be able to do swaps, borrowing, lending and other crypto related services on their platform. And they have more than 2 million members already – that is one impressive growth rate considering that they just launched only in May of this year and their token was released in August.

Next would be Pi Network. Of course this will be in my list. They are one of the pioneers in this industry, starting all the way in 2019. In crypto terms, that is a pretty long time. They might not be the fastest team but they seem to get things done. And they have about 25 million active users on their platform – so just imagine how massive their ecosystem will be. The number of developers been trained to create dapps on their ecosystem is also quite impressive. They had just finished their first “hackathon” and supposedly it was a great success. Regardless it is still quite impressive for a “mobile crypto mining” platform to even have their own hackathon. Rumours seem to suggest that Dec or early next year, they will launch mainnet, so watch out for it. At the moment, we have no idea how much their Pi tokens will be worth. Will need to wait till the Pi tokens are launched for public trading. However do note that the current mining rate is rather low, so if users want to join, they should join early.

I also like Star Network. Yes the project is pretty young and their services are not even up yet. But judging at how well their growth has been and how often they update their app and announce features and changes, I think this will be successful. They started around August this year and they have gartered over 1.1 million users. That is even faster than Hi Dollars network. But of course they are more leaning towards Defi and we know that Defi is hot right now. And if you ask me, I think Defi still has lots of room to grow. So I don’t think that Defi will fade away anytime soon. Now we are all waiting for them to start launching their crypto services but I think that will take some time. And if you have the time, you should go read their whitepaper. It is pretty comprehensive. That whitepaper was the main reason I am confident about the project. Someone took a lot of effort to write that whitepaper. Of course when they released the Libra token and KYC on time and without too much issues, I knew that Star Network will be the project we should all watch out for.

However if you are looking at an underdog to root for, then maybe you should look at Eagle Network. This project has gone far since its early days and their tokens will soon able to be publicly tradable in their own ecosystem. Of course they have had their own shares of hiccups along the way but looks like most of them have been resolved. Note that they are a relatively small project and probably doesn’t have the financial backing like the rest in this list. But from what I can see, they have been trying hard to release features and dapps in their ecosystem.

So if you are at all interested in doing some crypto mining to get some passive income, then you might want to take a look at these projects. However I am no financial advisor so please do your own research as well. Take care!

Crypto Investments

Good New For Binance – France as their headquarters?

Do you remember several months ago where there were rumours that Binance might make Singapore their headquarters? Well after our government authorities decided to go ahead and start banning their services to Singaporeans and residents, it seems that they are looking elsewhere to list as their headquarters. I don’t blame them right? I mean the sad truth about the Singapore government is they tend to want to follow what others are doing, even when it doesn’t make much sense. I had thought that Singapore wanted to be a fintech hub but it certainly looks like the government isn’t really that into it. I am honestly not too sure what all the fuss is about regarding Binance. It is just a crypto exchange. No matter where I look, I don’t see them claiming that they were regulated by our monetary authority at all. Not on their website or their blog or anywhere. So not too sure why the government decided to clamp down hard on Binance. And losing the support of the company which might bring in a lot of jobs for Singaporeans and the residents. It is still the largest crypto exchange by trading volume in the world right? But you know, Singapore government does things like that every now and then.

Anyway it looks like Binance might be aiming to setup their headquarters in France. Of course nothing has been confirmed yet. But one of the biggest complaints regulators often have with Binance is that they don’t have a fixed headquarters. Having one in France (as they are in the EU) might help mitigate all these complaints. Furthermore I have contacted Binance support a few times and they were resolved promptly. Even when I was doing my KYC and issues arose, it was handled very professionally. So not too sure why regulators are targetting Binance. Probably because they are the largest crypto exchange. Sometimes it sucks to be the largest because crosshairs will be planted on you.

Yes too bad it isn’t Singapore but I guess our government burnt that bridge a few months ago. When I heard the news that Binance might be looking to setup their head office here, I was so excited. But then governments around the world started their clamp down and of course the Singapore government followed. I sincerely hope that Binance will be able to resolve their differences with our authorities and start allowing their users to use the Binance platform to trade. Come on, the Singapore government should not reserve crypto trading to just for the rich and the elites. That would not be fair. And they even allowed our DBS to have their own crypto license. A bank that probably do not have much experience in the crypto markets?

What are your thoughts on this? Do you think that the ban on Binance by our regulators is justified? Or do you think there is more than meets the eye with this ban? And why aren’t their differences resolved yet?

Crypto Mobile Crypto

Alpha Network – Alpha Pay?

I had actually thought that this network might be heading for the dust seeing that they did not have much updates for some time. Whenever I see a project within an update for a few updates, I will automatically think that it will go to the way of the do-do. But alas, we got a little surprise a few weeks ago – they announced Alpha Pay! Sounds that sometimes even smaller projects can surprise you. For those who don’t know what the Alpha Network is about – well it is a relatively simple cryptocurrency mining platform that allows you to mine their tokens for free but the kicker is that the Alpha Coins/Tokens will be limited to 500 million tokens. Nothing too specular about its tokenomics but they seem to be stable and functioning. I myself have been mining for about 6 months or so. I do not have any complaints.

So if you are interested, you might want to join the Alpha Network. My referral code is blong1234. Of course if your friends have their own code, you should use theirs instead. Anyway as mentioned, they announced Alpha Pay which is basically a way for users to do payment with businesses or each other. They claim that transactions will be free (no fee) and supposed to be instantaneous. The Alpha coin which is the token that we are mining on their app, will become an interoperable asset that can convert from one cryptocurrency to another without any hidden fees resulting in instant and light-speed transactions. Just think of it as a swap token but instead of you doing it at DEXs, you exchange between consumers and businesses on an app. Of course whether this is achievable or not is debatable. But at the very least, the Alpha Coin will have a use case finally. This is indeed good news for the Alpha Network and for those who are mining the token.

I am starting to see an uptake of people mining on the app. The more users they have on their network, the more demand for their token. What Alpha Network needs is growth. Just imagine when I first started mining over 6 months ago, they about 300k of their coins/tokens mined. Now it is only less than 200 million mined at a base rate of 0.5 coins per hour. So the number of users on the platform is still pretty low at 500k. I had thought that they would have depleted the entire 500 million coins by now. But I can understand the issue with Alpha Network – the critical lack of a real world use case. Networks like Pi or Hi or even Bee do have some uses or even an ecosystem behind the project. Alpha Network on the other hand did not have any. The only selling point is that they will have max of 500 million tokens in circulation. That is not going to cut it, especially now that we are seeing so many crypto mining apps in the market. Just too many of such apps.

And I do think that they need to do a lot of promotion and marketing. Hardly anyone have heard of their network. Without any marketing, this project will never get the traction they need to get noticed by users and get a sustainable user base. If you look at Star Network, it took them like just 2 months to reach a million users. And they are still growing rapidly! The Alpha Network on the other hand….

Anyway lets see how the project evolves. This is a very good start actually. If they keep adding more features to their network, this might actually be worth something in the future. However I would like to remind readers never to pay for anything on such platforms unless you are certain of their success. Take care!

Crypto Investments News

Bear Market Yet Again? Me excited?

You might start to realize that I am pretty active and excited whenever there is a bear market. Most of my peers would get themselves extremely hyped when the market is bull but for me, it seems that when I see lots of red candles, I start looking for stuff to buy. Maybe it is the consumer in me. Maybe because I am somewhat of a cheapo and I love bargains. I just find bargains always so irresistible. Of course in the crypto market, there is no way to know for sure when the actual low is. So sometimes I am left with wondering whether I made the correct decision to buy the “dip”.

But this time round, is it really a bear market? Yes, Bitcoin did drop back to 56k today. Or just a general correction which if you ask me, is pretty normal and healthy. Lots of those so called experts are saying that November and December will be a bull market and everything will be going up and up. However I tend to agree that the market is still in a bull trend. Cycles are pretty common in most markets and Crypto is no exception. In fact I think crypto markets are the ones that will often have wild swings. So I am in agreement that this is NOT a bear market. Probably will start uptrend in a few days time. And it is also coming to December, usually a very bullish month for Cryptocurrencies. Furthermore, there isn’t that much FUD coming out this few weeks. And even in a bull market, the value of assets will not always keep on rising, so you should expect some drawbacks at times. Investors will surely want to take out some profits.

However if you ask me, I think most small time investors should always buy or invest for the long term. We will never be able to time the market by trading. So instead we should invest for the long term. Go buy an asset you think has great potential and hold on it until it raises. For me, it is ADA. For some, it is Bitcoin or Ethereum. For some, it is some dog meme coin. Yes of course, if you think that meme coins have great long term potential, by all means invest and hold onto those coins and maybe in a years time, it should again be something like SHIBA INU.

So what are you thoughts on the recent price drawback? Do you think that it is the beginning of a bear market? And what would you do if the bear market really comes? Let me know your thoughts in the comments below. I am not a financial advisor. Please always do your own research. Take care!

Crypto Mobile Crypto News

Star Network Updates – KYC, Libra & Unlocking Balance. 900k Users!

Some great news for users of Star Network. They have implemented the Libra tokens to their platform. This means the users (or explorers) can draw Libra and if they are successful, they can start doing KYC and unlocking their Star tokens balance. And the cool thing about this is that they did it on time without that much hiccup. This surely gives me some more confidence on the project.

So if you don’t know what the hell is Star Network, let me give you a brief overview of this project. It is a Defi project where members can trade and swap tokens, stake their tokens for rewards and do borrowing on their assets on the platform. The native token is the Star Token. You can also mine for their Star Token on their app, which functions as an social network app as well. So you come on daily to “mine” or mint for rewards which can be converted to the Star Token. However you will need to complete KYC as per usual nowadays in order to withdraw the Star Tokens. There is a catch here though. In order for you to complete KYC, you will need the Libra token. And this Libra token can only be drawn from a lucky draw system – it is random but if you hold more Star Tokens in your app, you will have a higher chance of drawing it. Honestly I don’t know. I certainly understand why they implement this but on the other hand, I think the randomness is a major issue. We could potentially see someone who don’t contribute much to their network drawing the Libra token a number of times, while someone with a bigger balance not drawing any and getting frustrated. Of course that is just me.

So other than allowing a KYC slot for their members, the Libra tokens can also be used to unlock the balance. Only after unlocking the balance, users can then withdraw the tokens. Of course withdrawing the tokens will only be available at a later date. But you do get to unlock the balance you earned plus those earned by those you referred to (those who have completed KYC as well). Again there is a catch – Star Network seems to be full of such things – the Libra token has an expiry of 7 days. So you will need to use the token or it vanishes. Of course you can trade or give it to someone else in your team. Well, I guess it makes the network more exciting and gives users a chance to interact with others. It is called Social Defi for a reason.

The wallet on the app is now active and users can send and receive Star tokens. But do note that the tokens need to be unlocked before you can do anything. So that Libra token is still needed in order for users to do any sort of transaction. When they first announced the Libra tokens, I didn’t know how important this token will be. But after some thought, I think this token is probably the one that enables everything. Kind of disappointing that the Libra tokens only last 7 days. Makes everything kind of rushed for users to complete.

Anyway Star Network has reached 900 thousand users. Going for a million soon. Now that is real growth we are seeing here. I think this project does seem to be heading in the right direction. And if they continue to grow, think they might be able to compete with Hi Dollars in the Defi space. Defi is still the bomb if you ask me. And lots of space to grow further.

I am not a financial advisor. And for god’s sake, do not pay for anything on an app unless you are sure of their success. Please take care.

Crypto Mobile Crypto

Why I Am Going The Mobile Crypto Mining Route

I am pretty sure by now, my readers would realize that I am particularly interested in the mobile crypto mining scene. Yes I love crypto and what it actually stands for. But I am especially into the mobile crypto mining scene. For those who still don’t know what this is, let me give you guys a quick explanation on what is mobile crypto mining – basically it gives users a way to “mine” or mint cryptocurrencies using their mobile devices but there is actually no mining going on. It is just a way for the developers of the project to get people interested and to get more users to join their platform. You can see users posting their referral codes here and there – this is to not only get more users in but also to help boost their mining rate. I find the idea really intriguing to say the least. Of course users will need to come into the app daily (there are quite a few that requires users to come back to the app every hour) to restart their mining.

Of course there are tons of scams and rugpulls in this market. There are also those projects that stalled due to the lack of funds or that they cannot find investors or that the developers were no longer interested in the project. Or that the developers knew that they cannot compete with the bigger projects out there. That is why I tell my readers never to pay for anything on such platforms. Who knows what will happen? This is the crypto market and it is indeed full of scams, rugpulls and dead projects. Even projects with big names and investors behind them have failed spectacularly. So again please be aware about how you spend your hard earned money. But for me, I merely do all the mining for fun. I honestly don’t think that I will be making tons of money even if a project is successful. Yes the price of the token does indeed go to the moon, I will be very happy. Honestly these are just merely hype. For every one project like SHIBA INU, there are probably thousands that failed or are scams. So you should level your expectations.

And guys, it is important to understand that most of these projects will require you to “mine” or mint for a long time. The Pi Network project is still ongoing since 2019! Just imagine clicking buttons everyday on your mobile device everyday 365 days a week. The dedication needed. So if you are expecting to make a quick buck, then crypto mining is just not for you. Most start very small and they develop their services and ecosystem over time. If you ask me, I think it is pretty reasonable for a project like Pi Network to take 3 to 4 years to really take off the ground. The Hi Dollar team has said that their development cycle will take 4 years to build up their products and services. They even have 1 year lockup periods for their tokens. And the Hi Dollar project seems to be very well funded. Things take time. If a project is being rushed through, hiccups will often occur. We don’t need to look far to see that is true. Eagle Network anyone?

With all these said, I am very confident that mobile crypto mining is the way to go. Why you might ask? Well this is because the crypto market is pretty saturated and there are just too many crypto projects out there. The number of projects are just so mind boggling that it is extremely difficult for the smaller projects to stand out. Not to mention, there is hardly anyway for regular folks like you and me to interact with these projects. However for mobile crypto mining, you have to download their app and after “mining” you will get a certain amount of their tokens as well. This also creates more interest in the project. Users get their friends interested as well. More interest means more demand. Everyone loves free stuff right? And users get to watch as their project grows from start to end.

So yes, I think more projects are starting to realize that mobile crypto mining can be a good alternative. So join me as we navigate through the horrors that is the crypto industry. Maybe along the way we can learn something useful in life.

Crypto Investments

Low Risk Crypto Strategy – Yes you should.

Yes indeed it is a very good idea to keep part of your portfolio in low(er) risk investments. That is why I keep a small portion of my crypto assets in stablecoins and even on centralized lending platforms. I even keep a chunk of my funds in savings plans by banks. Sure they aren’t just as exciting especially during a bull market like what we are facing right now, but it is exactly what you should be doing. You need to mitigate the volatility in your portfolio. If not, when things turn south, you might have no choice but to offload your assets at a huge loss. And not to mention, when the market is bear and everything looks gloom and doom with your portfolio, you might make irrational decisions and start selling out at the wrong time. That is how the market works against the retail investor. That is also why most of the time, it is the retail investors that are taking most of the loss.

If you are looking at how I try to mitigate risk, here are some of the things I do. I have part of my portfolio in stablecoins. They do get better interest from earnings, so they are actually quite decent to hold. At Nexo, the highest earning interest rate are usually those stablecoins. And having stablecoins in hand is good if you need to urgently purchase other assets as well. For example if you think that a certain crypto currency will moon, you might want to quickly take the opportunity and buy up some of the assets using your stablecoins to maximize your profits. Instead of waiting to sell your other lackluster cryptos and then buying it up.

And another another way to reduce the risk in volatility is to actually diversify your portfolio. That is to have a good number of different assets, preferably those from different classes. I hold on to some (not a lot) BTC & XMR which are basically old school proof of work cryptocurrencies. I also hold onto ETH, XRP, ADA and CAKE tokens as well. I also invested some in the Hi Dollar tokens. So if certain black swan events were to happen to perhaps the Defi sector, the rest of the cryptocurrencies might not be that badly affected. Sure your Defi tokens might take a hit but at least not all of them are down in the dumps. That goes the same for stablecoins as well. Try not to just keep USDT but keep other stablecoins just to be safe. Their value SHOULD NOT fluctuate that much, but you should be concerned that some government authorities might target a certain stablecoin. And you don’t need to look further than our favourite SEC and how they are now aiming at Tether. So basically don’t keep all your eggs in one basket.

Staking is can be considered another way to mitigate against risks. There are quite a number of proof of stake cryptocurrencies out there already. Staking do generate some returns but the more stable ones usually don’t have the kind of returns compared to those newer or small cap coins. So again, if you are looking for some lower risk investment, staking big cap tokens like ADA might be your best bet. There are also stuff like arbitrage trading which can be considered to be a low risk venture. However I am not familiar with them so I will not go into these. However I do use Kucoin’s trading bot. The returns are not fantastic but I do see them as lower risk. When the market turns south, they do help to mitigate some of the losses. Their spot trading bot is basically the same as arbitrage anyway.

Oh I am not a financial advisor. When you do investing, you should always do your own research. Please take care.