Topic: Why you should avoid trading bot - page 2. (Read 376 times)

Trading bot uses technical analysis, which might work depending on which coins that you choose. Even human also use TA. In this sense, a bot should be better than human (as long as the parameter/indicator is set correctly).


What you're talking about is basically fundamental changes, which as you said, is not detectable by bot which mostly use TA.


Depends on what bot that you choose. In theory, any program is perfect before you found the bug.


Not really, open source bot depends on how you set it up.


If you're doing day trading, it's just the same thing. You can run your trading bot on VPS if you want.

Trading bot are authomatic algorithm settings built by affiliate marketers that allows your computer to trade for you even when your off pc

We had enumorous amount of individual joining the crypto world 2017 when there was remarkable bull market .
Many lost there portfolio during 2018 due to high predictions of bitcoin  to hit 5Ok . Many predicted also with their bot.which lead to these losses.

Why you must avoid trading bot.
1.The market Is not control by bot but traders who are humans who place orders.

2.Emotional sentiment by traders can drive the direction of the price which the bot might not detect.

3. Crypto news channel also drives the fluctuation the price such as the sudden announcement of ban of crypto asset by China or any other countries.

4.Bot are not perfect and can be malfunction due to virus in your PC.

5.They can only be used by the developers successfully

6. Consuming more electrical energy and internet data because you must leave the PC on continuously.

Note that if trading bot are actually making profit as many a times most bot developers claim why are they selling it  since the market capitalization is more than 133billions of dollars as of today.The bot should have accumulated all the billions in the market to their portfolio . And the traditional  banks would have been making use of these bot to trade both Fiat and crypto asset.

So in my opinion these bot does not worth investing cryptographic money into .

These are my thought why you should avoid trading bot if you have any reason why you should avoid trading bot please share your experience to enlighten members of the forum.