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
Ofcourse! Bot does work if you do know on what youre doing but if not then dont expect for those tool to work well but dont expect or does come to a point that you do rely on it 100% when it comes to profit making.
Good thing that the bot you had set-up does give you profits but remember on what i have said that dont fully get too confident on using it up.Always secure out profits and still have that good fund management.
It still depends in many aspects like what strategies you will set to your trading bot so that while you're not active or busy. Your trading bot will still do what you should do in trading. Bots are made so that if ever you are not active like sleeping, eating, doing office works and etc , your wallet is still working and earning money.
Aspects like what? Strategies? What if it makes an error and doesn't do strategies that you've set up? Will it make you to have losses? Because bots or AI or not that certain, sometimes it does have errors or malfunctions.
But that's not a big problem, just always check your account if it is doing well. Don't forget to monitor it because it can be a reason why you'll lose all your money.
In the other side, bots are good in making transactions without your concern so that while you're doing your work, it's less hassle for you.