I am curious if people have had success with trading bots in cryptocurrency.
I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers
I think it depends on the bot you're using. As time goes on it gets better I guess, and you start making profit. But you need to look for the best trading bots, and there is no guarantee that you will finish the day with profit because you're using bots. I don't have interest in trading bots, I prefer to trade when I have the time and that's because I do get chance after my work.
Trading bots are different, and if you're the type that likes "free" then you should go for open-source bots, but one thing you should know is that open-source might not be profitable. I don't think will build a profitable bot and leave it for free, lol. Instead of making use of these, I will advise you to go for HODL (Long term trading). Even paid bots are not profitable based on what I've read from Reddit, so it's best for you to go long term Hodl. Your choice though.
I do not use trading bots because of the risks, I known many people that are using these tools but they still losing money. I will never let my money traded by an AI. It is still betyer if I'm the one who managing my capital. Even if I'm busy at my full time work, I still manage to trade cryptocurrencies because of the strategies that I keep doing. I do not have plan to use trading bots because my money is not safe there and I cannot guarantee the gains there.