Can Trading Bots be trusted.

[Vx1]

There are many things that can be decisive, a robot has a lot of programming to respond to past movements in the market and confirm that the robot makes a commercial decision, they have technical analysis foundations, but I think it could be complemented with an AI where it will be advanced, it is useless to have an AI that takes data in real time from the web, for me it is something that does not make much sense to try to make a script that way, of course respecting the foundations that are installed or programmed, if I have faith in the bots, but I still do not trust them to operate.

Yes Robots can study past market trends and make smart decisions but adding AI makes them even better. AI analyzes data in real time finding patterns and trends that traditional methods miss. However just giving AI real time internet data is not enough it needs careful programming to provide useful information.

I also agree that relying only on bots for trading is not wise decision. Bots have potential but they lack human understanding and subtlety. Combining AI insights with human expertise creates stronger trading plan.

It seems like this will be difficult for beginners to do, only people who understand trading robots will be able to apply it.
But if it does have good potential and can make work easier, it seems like it should be studied and applied in our daily lives in trading cryptocurrencies.

[joniboini]

But if it does have good potential and can make work easier, it seems like it should be studied and applied in our daily lives in trading cryptocurrencies.

I'm sure most high-volume traders use bots in one way or the other. There's no way they do everything manually, especially when they participate as a market maker or some sort. Trying to chase multiple pairs would mean terrible concentration and I don't think they can make a good profit from that. I know trading terminal products that offer bots also target retail traders. I don't think it will make it easier for us to understand how to program/create new algorithms if we don't have decent trading skills tho.

[gunhell16]

There are other youtubers I watch that make content about cryptocurrency assets, and then at the same time they make their content, they also promote copy trading; they use trading bots and put out copy trading.

So I doubted the use of the bot even more because they only use their platform so they can promote through their bot and get profit from people, but to say that it is profitable, I doubt that is true.

[VoxelDex]

There are other youtubers I watch that make content about cryptocurrency assets, and then at the same time they make their content, they also promote copy trading; they use trading bots and put out copy trading.

So I doubted the use of the bot even more because they only use their platform so they can promote through their bot and get profit from people, but to say that it is profitable, I doubt that is true.

Yeah man, It's obvious that they only use one platform to show how trading bot works. And they also urge people to do it. Never trust anything unless your 100% sure that is the way.

[Bobcrypto]

It gives the ability to automate trades, react quickly to market changes, and operate 24/7 without human intervention.

If you allow your bots to operate 24/7 without monitoring it, there are some organic changes in the market that they would not be able to react to, which may then lead to some kind of unexpected loss. Bots can make trading easier, but using them does not still guarantee success in trading. That is why it is necessary to have knowledge first before starting to consider using bots in following up the market.

Well, if using trading bot does not guaranteed success in trading coins, I just think its absolutely risky and not worth giving any tryer. I have not used any trading bot before, but from the look of things, normal trading is far better and sustainable.
A critical look at trading bots may suggest that users may still experience fear of complete assets losses and they may not be able to close their positions when market goes dip or dump.

[milewilda]

It gives the ability to automate trades, react quickly to market changes, and operate 24/7 without human intervention.

If you allow your bots to operate 24/7 without monitoring it, there are some organic changes in the market that they would not be able to react to, which may then lead to some kind of unexpected loss. Bots can make trading easier, but using them does not still guarantee success in trading. That is why it is necessary to have knowledge first before starting to consider using bots in following up the market.

Well, if using trading bot does not guaranteed success in trading coins, I just think its absolutely risky and not worth giving any tryer. I have not used any trading bot before, but from the look of things, normal trading is far better and sustainable.
A critical look at trading bots may suggest that users may still experience fear of complete assets losses and they may not be able to close their positions when market goes dip or dump.

Manual or using up trading bots wont really be guaranteeing positive results as these things will really be that definitely be basing up on how you do deal up with things and also the market is really that truly unpredictable on which there's no way that you could really be able to tell on where it would be going. Bots are really just that good for automation and there's no way that you could be able to make out such assurance that it will make out profits. We do know that it will really be just that simply automating on whats being commanded into it on which simply means that it is really just that depending on how you would gonna use it but doesnt mean it assures making profits.

[nakmantu99]

It gives the ability to automate trades, react quickly to market changes, and operate 24/7 without human intervention.

If you allow your bots to operate 24/7 without monitoring it, there are some organic changes in the market that they would not be able to react to, which may then lead to some kind of unexpected loss. Bots can make trading easier, but using them does not still guarantee success in trading. That is why it is necessary to have knowledge first before starting to consider using bots in following up the market.

Well, if using trading bot does not guaranteed success in trading coins, I just think its absolutely risky and not worth giving any tryer. I have not used any trading bot before, but from the look of things, normal trading is far better and sustainable.
A critical look at trading bots may suggest that users may still experience fear of complete assets losses and they may not be able to close their positions when market goes dip or dump.

Manual or using up trading bots wont really be guaranteeing positive results as these things will really be that definitely be basing up on how you do deal up with things and also the market is really that truly unpredictable on which there's no way that you could really be able to tell on where it would be going. Bots are really just that good for automation and there's no way that you could be able to make out such assurance that it will make out profits. We do know that it will really be just that simply automating on whats being commanded into it on which simply means that it is really just that depending on how you would gonna use it but doesnt mean it assures making profits.

Bots in trading will only make it easier for us to set automatically but do not guarantee that we always profit. There are those who prefer to trade manually and they benefit from it.
I also use bots but do not always rely on bots because the crypto market is very volatile and difficult to predict.

[lombok]

Bots in trading will only make it easier for us to set automatically but do not guarantee that we always profit. There are those who prefer to trade manually and they benefit from it.
I also use bots but do not always rely on bots because the crypto market is very volatile and difficult to predict.

Honestly, I was very scared when using a trading bot; nonetheless, with a trading bot, it can assist us in automating strategies, though its use doesn’t assure win or profit in every trade and neither the security of the money we use is guaranteed. Every single bot that is used trading has its drawbacks when it comes to identifying and tracking changes in the market, particularly in the fluctuations found in crypto which prone to unpredictability.

I really does not like to use trading bots like that, but from the strategies that the bot has for me, I only gets to see some of them that I can compare with the analysis I make. As a result, that way the money I use will be secure and everything is in my own hands.

[milewilda]

It gives the ability to automate trades, react quickly to market changes, and operate 24/7 without human intervention.

If you allow your bots to operate 24/7 without monitoring it, there are some organic changes in the market that they would not be able to react to, which may then lead to some kind of unexpected loss. Bots can make trading easier, but using them does not still guarantee success in trading. That is why it is necessary to have knowledge first before starting to consider using bots in following up the market.

Well, if using trading bot does not guaranteed success in trading coins, I just think its absolutely risky and not worth giving any tryer. I have not used any trading bot before, but from the look of things, normal trading is far better and sustainable.
A critical look at trading bots may suggest that users may still experience fear of complete assets losses and they may not be able to close their positions when market goes dip or dump.

Manual or using up trading bots wont really be guaranteeing positive results as these things will really be that definitely be basing up on how you do deal up with things and also the market is really that truly unpredictable on which there's no way that you could really be able to tell on where it would be going. Bots are really just that good for automation and there's no way that you could be able to make out such assurance that it will make out profits. We do know that it will really be just that simply automating on whats being commanded into it on which simply means that it is really just that depending on how you would gonna use it but doesnt mean it assures making profits.

Bots in trading will only make it easier for us to set automatically but do not guarantee that we always profit. There are those who prefer to trade manually and they benefit from it.
I also use bots but do not always rely on bots because the crypto market is very volatile and difficult to predict.

Wont really be that an issue since you could be able to set stop losses whenever the market do make out some shit movements or setting up some TP whenever it do hit up your profit point.
Actually this is really that something useful i could say but there are really times or moments that you would really be that skeptical on making use of bots specially if the market is really
that very volatile because of some news or fundamentals around. I do only make use of bots whenever i do see a calm market at least.
It is really just that for automation nothingless and thats recommended that you should be knowing on how to differentiate and realize on where it is really that being used.

[Mia Chloe]

Well, if using trading bot does not guaranteed success in trading coins, I just think its absolutely risky and not worth giving any tryer. I have not used any trading bot before, but from the look of things, normal trading is far better and sustainable.
A critical look at trading bots may suggest that users may still experience fear of complete assets losses and they may not be able to close their positions when market goes dip or dump.

A core trader will actually prefer making use of market dynamics and strategies to place trades rather than bots. With a good and proper technical analysis, you would obviously get way more profit from a trade than you will if you made use of bots to place trades. Technical analysis consists of a lot of different strategies from trendlines to chart patterns to candle stick patterns and many others.

The idea is the more of these analysis you understand the more valid you confirmation for a particular trade would be that's the more reason people who have solid knowledge in technical analysis profit the most.

[Aanuoluwatofunmi]

Trading bots cannot be trusted and we should not let anyone lie to us that it could be, if the use of trading bot had been effective, then obviously everyone of us would have prefer using that to trade and be making money that easy, but things weren't as we have thought of them, we take risk to learn to trade and take some particular trades as well all because we want the opportunity for making money from there.

[LUCKMCFLY]

Although we see those price we should not get bothered with it and continue to accumulate since I believe there would be more figures to show up in future so provably holders could earn more compare if they sell early. Also speculating about what will happen once election date come if we can see a pump after Trump win or things we don't like if Harris take the seat.

You can't hide the sun with a finger, it is well known that if Trump wins the odds that BTC will reach an ATH in 2024 are very likely, or if that doesn't happen at least the market will remain the same or go up a little, but the bad thing is if Kamala wins, because the price of BTC could fall wildly due to all the uncertainty, insecurity and everything that the candidate's dismay for BTC can generate, so I know that many are waiting for the results of the elections and I am sure that many will sell BTC or save it again in their private wallets.

[doc]

Although we see those price we should not get bothered with it and continue to accumulate since I believe there would be more figures to show up in future so provably holders could earn more compare if they sell early. Also speculating about what will happen once election date come if we can see a pump after Trump win or things we don't like if Harris take the seat.

You can't hide the sun with a finger, it is well known that if Trump wins the odds that BTC will reach an ATH in 2024 are very likely, or if that doesn't happen at least the market will remain the same or go up a little, but the bad thing is if Kamala wins, because the price of BTC could fall wildly due to all the uncertainty, insecurity and everything that the candidate's dismay for BTC can generate, so I know that many are waiting for the results of the elections and I am sure that many will sell BTC or save it again in their private wallets.

This is what we worry about as crypto lovers, if Kamala wins, the price of bitcoin will likely drop drastically. And that's the best time to buy because the bullish is still long and will happen next year so there's no need to worry. Whether Trump is elected or not, I think the impact will not be long because the crypto market will play its role again next year, that's what I analyzed.

[enwi]

This is what we worry about as crypto lovers, if Kamala wins, the price of bitcoin will likely drop drastically. And that's the best time to buy because the bullish is still long and will happen next year so there's no need to worry. Whether Trump is elected or not, I think the impact will not be long because the crypto market will play its role again next year, that's what I analyzed.

Well, We understand that political factors can influence Bitcoin in the short run but the base of cryptos is still strong. However, this can be an opportunity for us to open and plan, levering up our attacks when the prices drop low.

As it has been seen during the course of the election the market remains robust in the crypto space. Perhaps next year we will observe a much larger bounce back, where positive sentiment can rule the roost, thus providing us with the incentive to stay positive amidst short-term blips.

[Baki202]

A few of my friends have floated the idea of bot trading to me recently, granted they are doing this because they want to take part in a trading bot event. But I see the appeal with bot trading.

It gives the ability to automate trades, react quickly to market changes, and operate 24/7 without human intervention.

The event entails running futures bot trade for tokens like EIGEN, CATI etc, and I'd like to know how efficient the bots are with trading lesser known projects.

Well,I just got to know about this boys probably October last year I think.And my reaction was like;wow!  Cause literally,I personally find it hard to hand my investments to a bot to make out investment decisions for me.The least I could do I could do is to make my researched with these bots and that ends it,not using bots to trade fully for me.Maybe it doesn't apppy to everyone cause i guess some people are comfortable with it seeong the replies of what i've read.Its totally cool if i make my earnings and my losses myself than a bot doing all that for me.I think that's more comfortable and preferable.