Topic: Crypto Trading Bots - page 7. (Read 885 times)
As you said it's predefined, you're controlling the bots to execute the buy and sell based on which price you want to do that. The trading bots don't have a crystall ball to detect the bottom and the peak each day, it's based on the previous trends, history, and bots analysis. The thing is previous trends, history and bots analysis aren't 100% correct with the current market, you will need to have knowledge about trading in able to earn profit.
Simply put, if this bot is running pretty well then why don't they use it for personal needs and why should it be shared with others.
indeed maybe it will be useful for some people but it is only for the developers and those who own the business only not for the merchants and consumers of the bot.
although I'm not very good at trading but I feel I'm more comfortable trading alone than trading with the help of bots like this
indeed maybe it will be useful for some people but it is only for the developers and those who own the business only not for the merchants and consumers of the bot.
although I'm not very good at trading but I feel I'm more comfortable trading alone than trading with the help of bots like this
I have heard so much about crypto trading bots and their possibilities of automating the trading process and turning folks into crypto millionaires.
It sounds like what you've heard is fake advertisement used to sell vaporware. Quote
For some of these bots, the user can program them to buy at predefined low and sell at a predefined high.
Generally speaking bots are made to automate the jobs that you would have done otherwise yourself. They are not magical tools that you would press a button and become rich after some time. In other words if you don't understand the market and how trading works, bots become useless to you.Most bots have their own strategies and scripts that they execute and some can be programmed to do some more. But they are all subjected to the same risks that trading in a very volatile market has specially if you consider the pump and dumps of altcoin market.
We all know how volatile the crypto market is especially now. I have heard so much about crypto trading bots and their possibilities of automating the trading process and turning folks into crypto millionaires. For some of these bots, the user can program them to buy at predefined low and sell at a predefined high. I’m pretty skeptical about this maybe out of ignorance or just sheer human skepticism for stuff like this. Have you ever used a bot to automate your trading? Do you trust it enough to make the right decisions? If trading bots are as good as they claim, why are folks not using them as much as they should?
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