Topic: Bot trading domination: Time to panic? (Read 656 times)

In the cryptocurrency market, analyzes have not much to do with what's really going on. I think the author does not mean that bots are better than us, but that they are faster. From what I've heard, banks have bots that can perform several dozen operations per second. So the point is that before you can react to any information, the bot will do at least a few of them.

I don't really understand what kind of bot-trading the article is trying to refer to. But I don't see any reason for us to panic with bot-trading.

They have nothing to do with us. They just use algorithms to put sell and buy at the right time (like 70% accurate rate or more) but it doesn't mean we will be affected by it. In trading, the losers are the people who place bids without any proper plan and analysis or even fundamental and technical analysis. If the trading bot can help humans to make a profit, then I guess they could take advantage of it and then no one will ever lose in the long run. But the fact is not, a bot made by humans and it will work by command of humans.

We are living in a more technological times than any other time in the history, the more time passes the more people will take care of their portfolio better and that means eventually the bots will get better as well.

Right now, bots are seen by many people as "give it some money and watch it make money" and more often than not it fails, however with time people will get smarter about what they want from a bot and the developers will make something that will be much more careful (even compared to 3-4 years ago they are better) and at that point we will get to world domination of bots, yet we still have time for that. Even if that happens, the reality is that if you are battling against bots manually you can still find their weakness' and just abuse those.

It is not actually difficult to understand the manipulation of the trading bots. Even those bots use some algorithm to place various orders so why can't we learn using that algorithm to place orders opposite to the bots?

Bots are usually useful for various people who never have time to speculate the graphs 24*7 and this gives them the ease to easily make profits from the high volatile markets just by setting few bots onto the exchange by linking them with the API keys. This is something which would save time for each of the trader and hence it might be considered useful. In this running academic year, I guess more bots might be developed which would acquire the markets.

Bot activities are quite disturbing for daily traders, although they are quite dominant but there are no worries that have been fatal until now both from the market and traders. I have used it several times but profit is not always consistent, not a fear which is the main point but how to exploit the weaknesses that occur in their system.

there is no reason we should be afraid of trading robots, because trading robots are just a collection of algorithms, different from humans who have intelligence to think,
understand the analysis techniques, understand the market, if we understand both, no matter what is happening, if it's not the time to trade, then don't use it to trade,
always take the right moment, and avoid your concern with trading bots,

There are some bots meant to steal your funds only. Those bots would never ask for a simple API key buy would ask for a API key which would allow them to withdraw the funds. This would never make you stand on the secure side if you ever gave the API key to withdraw your funds. You should only give access to the keys which can perform various actions like placing buy/sell orders, cancelling orders, setting stop-loss, allowing trailing, etc so that the bot can only perform traders from your exchange account and would not be permitted to make any withdrawal request.

Bots are made for the betterment of the human nature and hence we should treat them accordingly and be positive in terms of bot usage.

Indeed, bots are created from humans who make bots with unique coding that maybe some people do not know what their function is, but you have to know that each bot makes a little gap that is not realized by the user who aims to see the balance of the user can even be used to steal user balances, you must be careful when using bots when trading.

Why would I be afraid to then? We humans have emotions and we can use it to think. Bots are just working because of the code and program. We humans are more better than trading bots. I do not like trading bots because of its bad reviews from the crypto community. I do not have plan to use it anyway because I used to trade with my knowledge and skills. I will never rely my portfolio in a trading bots because it is a risky decision.

Bots may not be smarter than the smartest and best traders but when they can look at hundreds of indicators and look for patterns that no human will ever find then they are way better than most traders and if you are a day trader then you should be definitely be afraid of them, they can take decisions in a matter of seconds that will take a lot more time to a human so they can be many times more effective than most traders and that is really important in a market that has such a huge volatility like this one.

I got many time with bot trading make me panic when selling and buying my assets, after put with good price on sell or buy order but never finished and always try buying or selling with higher price by bot trading and make me never want to put on higher price buying some coin.

Indeed, there are many trading bots that can be bought or obtained but there is someone who says that the quality of a bot is at its price, the higher the bot's price, the better the quality you can get. With such an expensive price, at least when you are willing to buy it, you are ready with risks that might make you disappointed, even though I believe it is a risk that seems to be small to happen or experienced.

a little agree but according to my opinion, if using a free bot will be difficult because if there is an update new api from an exchange maybe the developer will not immediately update it, and to buy a premium trading bot the price is quite expensive, and also does not guarantee because if you search on Google too many people offer bots and this creates a confusion about which bots are very good to choose?

Bot trading domination, this is the first time I hear about something like this. Why panic? Just join them, buy a trading bot, or use some free bot and that is it. If you can fight them join them, the old saying, you can use it in this situation, and in many others.
Who doesn't have bot should find one immediately!

No wonder. Artificial intelligence bypasses the human brain in many areas of life. The neural network shows amazing abilities, especially in trading,
where it can operate stably excluding emotions and the human factor from its "conclusions".

The only thing that remains in question is how AI will cope with artificial market manipulations.

Regardless of the market condition, using a bot will give you a better advantage to those who are not using a bot. Imagine, watching the price of a coin for more than an hour or two just to place that buy order because you need to be ib the place and in the right time. Bots can do that you, monitor the price and make the transaction based on the settings used by thower

I don't think bot trading will dominate the market any time in the future because manual intervention is definitely needed for bot trading.
There's the catch. Fortunately, bot trading is still not integrated with AI efficiently and hence there will be no threat to the market of bots dominating the market.
Algorithms needs to be constantly altered in bot trading which is done by us and hence it will still depend on us on how we bring the future for us.

There's no need to panic because they are just bots and we humans are more intelligent to them. We created them and it is the reason why we should not to panic. It is true that there are now many bots in trading but the thing is not all of this bots are useful and there are only few traders who becoming successful from this bots. I do not use trading bots because I know that my strategies are more useful and effective.

Bot trading happens in the stock market as well. It’s just how the system works now with automation. I don’t think it means the end of the regular manual trading methods.

Maybe we are but looking at how these bots outrun us in trading, we can say that it seems to be surpassing us in speed and accuracy.
Yeah, it never sounds panicking but what actually bots have done to the market, it gradually changing the system in trading. And most likely it comes to the moment that we no longer trade manually but traders will just depend on bots.

Knowledge isn't the only problem in this regard, but also time. You can't outrun bot speed in term of trade execution. But I agree that no need to panic cause human is smarter and wiser than bots.

There is nothing to panic about the bots dominating the market because as long as you know how to read the candlestick chart and you know how to read the patterns and interpret them into a decision making factor then you will be all good in the field. Bots are created because they have strategy in their mind and that is what you should also do, you should have a strategy in your mind and execute it manually so you will be more skillful than them.

Bots have limitations, as you say they do not really posses intelligence or the ability to adapt to the different circumstances of the market and while they will not beat an expert trader, they do not need to do it, they only need to beat the average trader and if their set of instructions are good enough I am sure they can do exactly that and generate profits for those running the bot, however I think people are exaggerating about the domination of bots since most people do not have the money, the ability or the confidence to run a bot.

Unless bots provide a steady profitable income to everyone that uses it, there is no "domination" of bots, I can honestly go head to head with a bot and make money, bots are programmed to do same thing over and over again and they have patterns, humans can beat patterns every single time, you just lose when you are learning at worst but in the end you learn how they operate and try to go around those patterns and beat it, if a person plays the same exact way on chess every single time, you will eventually beat them as well.

Long story short bots are not AI right now, they can't make up their own minds, they are basically programmed by the developers to do same thing repeatedly and that is not good enough, that will not end up dominating anything until AI comes along and starts to make changes by itself.

It's been my experience with all of the different bots I have played with, they all seem to buy in at the right time but hold the coin too long during downtrends. Most of them work pretty well during uptrends when the price is moving up. But for whatever reason, they just have a hard time figuring out when to sell and expect the coin to keep going up. That's not likely to happen during a down trend. I'm sure there's a couple of them out there that can handle this a little better, but I haven't found a good one for it yet.

Bot created by their owner, like what i read somewhere bot can be profitable if it's owner set it right to it's condition. I think bot user will have their own strategy in any condition of market, like what they will do in bull trend, downtrend or maybe when market is stable. If me whenever i see bot, i think i will change to another pair in case i talk about bitcoin-altcoin trading pair because there are still  a lot of altcoin to trade.

You can obtain profits during a downtrend as well if you short the market and if that is not possible at least you can get out of the market and protect your capital, I do not know why people think that bot trading is ineffective when it is obvious some of the bigger investment firms are using bots and they have done so for decades, as long as you have a profitable strategy and the ability to code you could create a bot that could trade for you and it will do a better job than you since the bot has no doubts and it does not get tired unlike a human.

Humans are still better than bots, I do not trust bots anyway. I only rely on my analysis and not the analysis by the bots. There are now a lot of studies saying that it is better if we will rely on ourselves than on bots. The winning rate is more high if I will follow my own thoughts and ideas. I know that many traders are prefer to trade manually than to use trading bots.

Bot created from history chart, market habit and management risk. All data regulated to decide which strategy setting that fit with trader need. Technology grow up fast and as trader we benefited with that, even I must say bot could be wrong. No need to panic, we only need to study bot function and use it for trading purposes. So far I know some people works and success with bot but of course they using hard money management to avoid lost because bot wrong calculation. Don't reject the technology, use it with wise.

bot trading is useless in a downtrend and only ends with one stop loss order, you are right about that, I have not found a more sensitive setting in this condition, at least to minimize the possibility of a profit of 1%. Overall. The manual process is still better for the desired profit, because instinct is always developing in seeing the best opportunities. Bot domination will not bring big changes because it still has weaknesses that must continue to be customized.

But humans are more complex and very flexible. He can make his own decisions that will be good for him. Bots are automated and it will just continue to so it even if it is already not good for the users. The user himself can still manipulate the market although it is not consistent. But the thing is about making good decision for the benefit of himself.

Not actually quantum resistance of cryptography, but rather the fact, that quantum computer (we have spoken with IBM employees responsible for quantum computers and they confirmed that) have enormous potential for big data processing and forecasting effects of something over a time (they mentioned explicitly climate change, weather or effects of experiments to save costs) - therefore quantum computer-based bots in the next 20 years can potentially be very effective trading tools.
On the beginning, of course, available just to the biggest players due to the fact, that quantum computers to operate require very specific conditions and adaptations of whole buildings so far.

Yeah i think bots won't do something better than human pro trader's analysis, the bots will detect market movement and taking few profits and cutlosses when the price is down, it's just luck for a bot that could gather much profits. When the market is in downtrend i'm sure any bots won't make any profits. So i think there's nothing to afraid.

I would have to agree with this. I admit that in terms of sticking it out with the strategy, humans are weak. Bots are much better. Sometimes the analysis is good, the figures are already set, but when the pump finally came and the green candle is rising, the 5% target suddenly changes into 10%. And that is where many are lost.  

Doesn't bot trading just react to market signals that predict market psychology?

It seems that the bots are using algorithms that look at predictable market signals like Fibonacci levels that humans will view as resistance and support levels.  So basically we have the power to know what the bots will do, right?

I don't see anything wrong with using Bots and if there will be more Bots users this year. All I can see is that traders just want to trade without being mindful of their feeling or emotions. When I started using a bot, bot traded just like what I asked him to do, unlike when I trade, when I see theres a chance that profits will be higher, I dont sell and hold but after a few minutes of waiting, price dropped, there goes yous profits down the drain because of following your emotions instead of what is the original plan.

Bots have dominated Wall Street for years now and I wouldn't call most of Wall Street manipulated or out of control. There's still plenty of retail traders on the NYSE and other exchanges. More bots brings more competition and liquidity across the market as a whole, I'd say that's a good thing.

Each cryptocurrency user is wary of this, especially when it comes to a quantum computer and its capabilities.  Based on this, the most important question about the security of cryptocurrency sounds.  In addition, if we talk about the real possibilities of trading bots, then with the increase in software capabilities, which allows smart programs to replace the human mind for market analysis and choose more suitable moments for transactions, then with the gradual improvement of the technical characteristics of such programs, the use of trading bots can be  global and this should not be scary, as a person begins to use High Technologies everywhere to facilitate his work.

This is years to come and well.. computers are tools. Its's people who use tools however they like or more importantly can. When quantum computing comes to reality for trading it would be way better to be among the people who know how to use them. Don't treat it like a bad thing, we need to understand that it is simply technology changing and it is only our own problem if we refuse to use it because we don't wanna learn something different.

You can't escape it. Automating trading through bots isn't something new. Though some exchanges are taking preventive steps and usually ban an account which excessively tries to manipulate the market by placing number of buy and sell orders. But you can't escape them entirely. In this era of technology th problem is going to intensify only. Exchanges might take some major steps but then again not all gonna do that.

What about quantum computers in the prediction of the market events? There are rumours that the biggest banks already are creating departments dedicated to analyzing and predicting the market.

Don't you think it's inevitable? I mean just for once forget about trading. Every sphere is dominated highly by bots and computers today. And believe it or not we are going to compete with these bots in every sphere. Drivers are being eliminated due to auto pilot cars who are bot driven. I am not threatening anyone but one should take this as an opportunity to shift correctly. Many such bots aren't complex they are just there to make trading more mechanical without any emotions. They just make the trade setup automatic and an algorithm which triggers a trade whenever that setup gives a trigger. I think learning any code language little bit can really help you create such algos however another disclaimer i would give is to avoid buying any proprietary software for trading. Better get some tailor made software created.

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I think instead of flexibility trading generally requires a lot of discipline which is really difficult to maintain along side human emotions which is why bots are growing. Doing manually may give you chance of changing your strategy but truth is 80% of times you lose because of not sticking to your strategy.

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I think they are perfect which is why they are better humans can make hundreds of mistakes while entering a trade while a bot would never make any such mistake and would follow exactly whatever it has been told to do.

If you think that there is a change in the market regarding the trading trends and everyone is making use of bots and artificial intelligence to get the maximum benefit as a trader you should change too and there is nothing you can stop these advances, so changing with the situation is the best option if you think that bots are dominating the market.

I have always agreed to this. Doing it manually is much better. There are those experts in the use of bots. Well, they must have found the best ways to handle a bot. And they are full time traders. They know better how everything works. As for me, however, it seems bots are too limited I cannot make the best out of them. When bots try to compete with my order, I let them be. It is a waste of time to fight it out with them.

I do believe that the 'panic' OP talking is about how we will trade with regular way ( manually buy and sell while lots people will be using bots to execute trades). It is not panic about selling bitcoin or any coins in the market.

Panic like when everyone is riding motorcycle but you just using a bicycle in terms of trading so you don't have enough energy and speed to trade.

Why do we have to panic in this situation? Just look at the current price does that mean we really have to panic? Bitcoin dominance is just around the corner and it will never fail us. It is us only who failed because we think too much and that's the reason why emotions should have not get involve in our trading activity.

^ Calm down, we should not do panic like this. Bots are sometimes got an error because of humans because we set the bot in trading to cut the loss and cut profit in which percent we like to get profit. Technically speaking, not all bots are the same set in trading there is a chance that it will fail. Because bot can not dominate the algorithm system in trading and it will not work their own without any person to set the bot.
There are too many trading bots out there and until now we did not realize that we afraid of this for domination of the market.

First about bot manipulating price, does this happen in centralized market or also decentralized market?


There are also bots that you can use to execute your trades, not only to predict price movements. But they aren't perfect, they are just faster but not smarter than human.

Bots are preprogrammed to create predictions, always rely on your specific decision. Making a good moves is dependent on how you initiate a smarter trades, when market starts to increase a potential gains. Doing it physically is much better than virtual strategies.

Is your bot has high win rate or if it summarize in one month, will it always have profits ? I don't think the bots could always do a profits in trading except just luck. And we don't have to worry about bots in crypto exchanges because it won't make any big difference because they just doing scalping and take so little profits.

if you know forex market, 80% of trader using bot trade, with some secure option, like cutlost or cut profit etc. 'but the manual trade still exit, i think its normal to trade bitcoin or cryptocurrency using bot trade, im use it too in local marketplace, just to trade in 2 trade, BTC-ETH, ETH-IDR calculation the transaction fee and the margin betwen rate and buy/sell wall.

bot trade running just by programing language, no have emotional, so its very safe for people who can't control the emotional when trading, but to maximaze the profit manual is the right option

i don't think there is anything to worry about and there is no need to panic about such domination, because the most important thing is about the crypto market itself, so that as long as the market is still available there then anyone still has the same chance to get a different return or profit because the dominance is only will make such a difference

Not only are bots failing during swings, they also lack the capability to analyze. They are used according to the limits set by the owner which means that bots are doing what the owner thinks is the best move. The problem is that the market is highly unpredictable. Not even bots plus the owner can predict what happens next in the crypto market.

I think it's best not to use a bot when trading When using a bot it is often a time of panic if it goes out of control Bots can be used for long-term trading because the bot works when it is bought and kept on hold It is also a problem in many cases that is why banning trading bots is a decade and it is better to trade your head with intelligence.

perhaps of concern is the effect of increasing the use of bots with more accurate algorithms. in fact the bot currently still has a weak point and cannot respond to all conditions automatically, it is still limited to tools that cannot handle strong swings, if the bot is not proven to interfere with other stock market activities that are clearly quieter than the crypto market, then there is no need to panic.

The subject of this thread is kind of absurd. It is somehow like "the market is dumping: time to panic?" I mean, why panic? Is that even an option? What now if the trading platforms are dominated by bots? Is that something new around here? That has been the reality even before. Furthermore, they are not as brilliant as a trader who does the trading manually. In fact we can manipulate trading bots more than they can manipulate us.

Bots have been on the exchanges for years. All cryptocurrency exchanges are full of bots. On Bitcointalk in the Marketplace section you can find plenty of offers for selling bots for trade. Bots that have banks can do several dozen transactions per second. This is nothing new because this has been the case for years.

There are probably tens of bots that is used at crypto trading, hundreds of them exists out there but most of them are not used that much so only about 10-20 of them are really used with a decent community behind it using it. If you talked with any of them you would know that none of them are happy with it, they are not making profits you imagine they are making and most of them even make a loss during bad times like this.

Almost all of them are used for btc-alt trading which usually makes a loss because alts are doing horribly, few of them used for btc-usdt and even they are not making anything decent these days. So there is nothing to worry about some trading bots that even the users are not happy about, just because they exists doesn't make them an enemy, it makes me just pity the users let alone be afraid of them.

Some bots do in fact use technical analysis. I recently setup Gekko on a Raspberry Pi just to play around with it and there's definitely some RSI, Bollinger Bands, and many other technical analysis algorithms built into it. I'm not exactly sure how well they work since I haven't messed with it long enough, but algorithms for things like that do exist. The majority of what you see running on Binance however are just buy low/sell high type bots though.

What people are forgetting that bots are programmed to do one thing, which is buy and sell, they could never predict the market beforehand, so they could be taken advantage of as well. There has been a lot of times when prices went literally bottom down (like 3 satoshi ethereum deal once) where a bot was actually trying to profit the owner but lost hundreds of bitcoins as well.

So, yes trading bots are doing something that we do not want as manual traders, or it helps people to level the field because not only rich will have bots but the poor will have the same bots as well, that is why bots are not evil in their presence, however that doesn't mean that bots are making it bad or good, they just exist like any other trader out there and can still lose money as well.

It's not easy even for the people with huge capital, trading bot strategies require a nice starting capital. Other than that, I think that many bots fail to make the profit all the time, wrong set up by the handlers, or slow bot that is unable to compete with other bots and volatile market, who will know.
I like to leave my order rather than having bot to trade for me. Maybe we are old school but it's how I like to do it.

If there really is a bot with such a ratio, maybe it was made by a genius like Albert Einstein haha. But I am very sure, the crypto market is too difficult to achieve such a ratio even though it's still possible anyway. Exchange will not take action in my opinion, if they really eliminate bots then they must be prepared to lose in competition with other exchanges, in fact.

If the markets are dominated by algorithmic trading, the obvious solution is to consider intermediate to long-term trades, or swing trades. Bots cannot foresee events and cannot be programmed, at least at this time, to make optimal long-term investments. A longer time-frame requires creativity.

Not everyone can be as good as those who can input what the bot would really do.
I tried and I failed. It seems easy for other but it is not. There will always be a problem at some point.

So I guess we could say others still prefer it doing with another type rather than bots.
Manual or with orders that are being left there.
It may not be a daily profit but there is a chance for that if you are the one who is monitoring it.

precision of 90%? Then its already close to holy grail.When it comes to precision i cant really pinpoint yet it would vary on bots settings and the current condition of the market on the time you were trading.
I dont see for us to panic yet it is already casual thing that most of traders do make use of trading bots.

I would be surprised if market wasn't already dominated by bots. Why would anyone do it manually when we have been using computers for the past dozens of years? Whatever is your strategy it always makes sense to just automate it. If you are not able to build a working strategy, then no worries because neural networks and machine learning are taking over the industry so you will only need to pay subscription plans and multiply the money. Why would it be a reason to panic? Edges will get smaller but before of that people couldn't participate in this profit so yea, seems fair.

That's impossible if there are a bot which have precision ratio of 90%, especially in cryptocurrency market, I tested automatic bot in crypto market, I can say it's around 60-70% ratio. In forex the ratio results are bigger and more stable.

I'm not so optimistic that the exchange will cut bots in its market, because AFAIK trading bot is legal.
for the next year there will likely be many trading bot, but the risk level is the same as manual trading.

Yeah bots won't be able to cover all the market conditions because there are a million different situation in the market and it's impossible for the human algorithm to create the bots that have 100% win rate in every trade. So, don't worry about it because bots are not a thread for cryptocurrency trading.

I ever faced with bot trading and make panic because when I put buy order always miss because bot trading put with higher price, I try to make my order buy higher amount and price but always bot trading make higher price than my buy order, then I try to use my price and waiting until price down for my order assets can buy some altcoin in market.

There is nothing to scare.  those bots are also made by human algorithms, and it is no different from humans, just that it has no emotions and works very disciplined.  So to defeat such bots is not difficult, we just follow what we have a plan and must have additional contingency plans.  If you can do all that then you won't be scared.

whether we are in the middle of panic buying or selling panic, if at this time the price of bitcoin is rising slowly whether this is called panic buying because halving soon arrives, what should be feared by a bot while the bot does not work if there are no funds in it, investors The one who holds the money and puts the money in the exchange is the one who arranges everything, but I'm waiting for it to come too it's time not to panic too much selling now

I don't know why people think that it's terrifying to have a bot trade for you. It's something that could be done, and it's highly effective. It helps people who are busy to trade 24/7 without having to worry about anything else as long as the person makes sure that it is a trusted source. If you think about it, it's bots that are executing the trade, but there's always a person behind the account, who funds the capital, etc. Maybe there are more competition with bots in this year. A lot more algorithms could work and be invented, and we will not know this until we are there.

There will be no such bot since the market is so dynamically change and i'm sure there are no algorith that able to cover all the market movement, if it's really happen, it won't happen more than 3 times in a row but luck.

only panic if the bot algorithm succeeds with an AI precision ratio of 90% and is stable in generating profits in all conditions, if it's like this then not only traders are disturbed, the exchange will also start to make some improvements to get rid of it. There is no meaningful panic, but the trend will change where traders will prefer exchanges with lower bot activity.

I don't think that the smaller exchanges that are at risk of closing down soon really have a bot problem. I think most people that run bots do so on the bigger exchanges with more volume. If there were hundreds of bots on there, they wouldn't have a problem making enough money to stay open. Bots are just a part of trading. They don't bother me even one bit. In fact, I appreciate the volume that they bring to some of these places.

For Bigger TF then it would be less likely to be burned out by bots yet most of them would really set it up on lower time frames.

But we know that they would really tend to hive on short ones due to active movements which bots are really suit out.If you do trade manually on
these frames then expect that your trading against bot.

We should be more worried about more exchange closing down. This ain't a lifetime feat right?

Not all are making profits thru bot trading. We could see that here right? Many bitcointalk users are still asking how to set it up and most of them have stories of losses behind the reason of how to do it.
It might sound easy when we see it being run at one exchange but I don't prefer it.

The old times might be gone but there are still who can make money (a lot) thru just monitoring it and orders being secured with their bare eyes.

Hasn't it been always as such? The only reason bots aren't that used by entry traders is because they lack the knowledge of determining whether the bot is actually doing its work or not. There's also taking into account that using bots requires you to trust its creator, which is pretty risky imo. Only self-made bots are actually trust worthy, and since some don't know how to make them, they lack the avenue to actually try them out.

As for possible wild swings, every now and then may be possible but it shouldn't affect the market in the long term. Like, traders using bots are also traders, having large swings like that is only detrimental to them as well. It defeats the purpose of letting the market grow so that they can profit from it as well.

bot trading will cause crazy volatile  swings they spoil everything for even small profits and traders like us must only sit and see losing our money i had this question in my mind from long time , bot trading should not be encouraged at all 

HFT algorithms have already dominated conventional markets for years. No need to panic. What you need to do is zoom out. Stop trading the intraday charts, the minute and hour charts. I recommend analyzing the weekly/daily time frames for trade setups and maybe using the 4-hour for entries.

Higher time frames have a much better noise-to-signal ratio. Focusing on the 15-minute chart is a sure way to get chopped up by the bots.

I think I'm going to calmly choose not to panic, but I'll retain the option to do so at a later date perhaps.  lol

Not that I consider myself a trader anyway.  I'm not looking to make a quick buck with crypto or stocks or anything else.  I tried trading briefly and found that it didn't mesh well with my nervous constitution, so I gave it up and stuck with the buy-and-hold philosophy.  Not sure what these bots are all about, but are they really doing any damage to the market?  Because I don't think they're anything new.  Even back in the 1980s there were "programmed trades" going on, which is what people thought caused the 1987 stock market crash in October of that year.

Anyway, I've bought some altcoins on exchanges over the past few years and my orders always got filled and I never had an issue with the price they got executed at, so I don't think this issue is going to bother me all that much.

I agree with you, and whatever people say about the future price of crypto and what will happen in the market, I will keep trading my day, and I'm not afraid of anything that will happen, because I still have predictions that the market will be able to return recover again and the price of crypto will be able to grow and raise the price again in the future.

you sure by what ?
just a bullshit for me.
bot make a action by system,and system never make a wrong action,of course that will happen if you don't systemize it properly.
human, have a emotion,which can make wrong actions.
for now,maybe a few people can beat the system, but as the time goes, bots always improving their skill,always buddy.

I dont understand much about bot trading since I havent tried it but I can see it happen with other exchange.

Your own order being neglected even if your price is cheaper than the one being run by the bot.
I don't really care much about it.
Why? It ain't that easy to make it work perfectly. It needs a lot of testing which might also lose you some money.

We don't need to panic to see the bot trading dominating the market because I am sure that we can beat the bot, especially if we can improve our skills in trading. The bot cannot think as human, and the bot runs with the command that we write to the bot, and if the market is moving to any price level, the bot is not always can follow the market. So at this moment, we need to learn more and more so we can have a chance to make a profit from the bot. I am sure that we can do that because we can make another strategy if the market is not moving as we want.

Perhaps day traders will really become more difficult to trade due to the increase in the number and quality of trading bots. But those who invest in an asset for the medium or long term can not be afraid of the activity of bots. Because such investors do not compete with trading bots, but compete with the same people investing in the same asset.

Well, cant really blame those bot users. It's pretty much the age of technology and improvement of the algorithms just proves that they could provide more profit for their owners, which I mean, no one would refuse that now, would they? Although the improvement is quite fast, I doubt that we need to panic over it. Maybe after 5 years or so, the development of bots would then be unstoppable since A.I. development would have made some thorough progress, but as of yet? I doubt that.

Though once the development has been made, Exchanges need to manage the securities of their trades, one way or another, to prevent the possible manipulation done by the bots, which is honestly not an easy feat. But I suppose with time, they should be able to manage a way through that.

This is something that has never really bothered me too much. Whenever someone puts up a sell order for cheaper than me, I usually just laugh because I know it will fill eventually and I'll have made more money than if I tried to outbid him. Price fluctuations usually make it where the first order you placed will more than likely fill anyways. I don't think these bots are anything to worry about really. There's not much difference whether a human was making a trade or a machine.

Bot trading try to make many people panic for buying and panic for selling their assets, when we are looking buy and selling history most active in exchange market I think there are many active investor buy or sell their assets, but look far away only with bot trading try to make sense and panic with many investor, I think not have hurry when looking bitcoin have higher price to buy because maybe just trip for investing.

sometimes bot users are very annoying, when we make orders often bots overtake us so that our orders are difficult to execute, Actually there is nothing to worry about, I am sure in the future the exchange will innovate, now even many exchanges have adopted the forex system, has always been a lot of bots in forex trading, but until now forex traders are still fine and there are no problems.

If it is something out of control like what the article is speaking of about how it manipulates prices aside from making their users profit then I think the authorities have no choice but to intervene with such trading bots and make some kind of regulation or maybe worst like a total ban of trading bots to remove the danger of it affecting the market. Hopefully it doesn't reach to that point that trading bots will be affected but if they have a considerable increase of users in the future I think it will be inevitable for them to somehow affect the market because of the capital they have overall.

Algorithms and bot-trading have taken over Wall Street and the cryptocurrency market with no sign of slowing down. Analysts say everyday traders should be terrified of the coming decade.

Everyone in the cryptocurrency industry complains of bots ‘manipulating’ prices, but this will likely end up being even more severe during the 2020s.

In the past decade, we’ve seen some wild swings in prices, both among regular assets and cryptocurrencies. It’s primarily been due to algorithmic robots, but their effect will only be stronger in the coming years. The end result will be that successfully trading the market will be even more difficult.

Read the full news here

Analysts claimed that bot-trading may possibly dominate in the 2020's, do you think it is time for traders like us to panic now?

If they do what we feared the most, it would likely manipulate the prices of Bitcoin and other cryptocurrencies as "wild swings" occur and may get even worse in more years to come.

Do you think we should be worried by this in the next few years of this decade? Let me know your reactions or thoughts about this one guys.

Thanks!