Post
Topic
Board Trading Discussion
Re: Bot trading domination: Time to panic?
by
Hallmader
on 09/01/2020, 09:56:23 UTC
The subject of this thread is kind of absurd. It is somehow like "the market is dumping: time to panic?" I mean, why panic? Is that even an option? What now if the trading platforms are dominated by bots? Is that something new around here? That has been the reality even before. Furthermore, they are not as brilliant as a trader who does the trading manually. In fact we can manipulate trading bots more than they can manipulate us.

perhaps of concern is the effect of increasing the use of bots with more accurate algorithms. in fact the bot currently still has a weak point and cannot respond to all conditions automatically, it is still limited to tools that cannot handle strong swings, if the bot is not proven to interfere with other stock market activities that are clearly quieter than the crypto market, then there is no need to panic.

Not only are bots failing during swings, they also lack the capability to analyze. They are used according to the limits set by the owner which means that bots are doing what the owner thinks is the best move. The problem is that the market is highly unpredictable. Not even bots plus the owner can predict what happens next in the crypto market.

Bots are preprogrammed to create predictions, always rely on your specific decision. Making a good moves is dependent on how you initiate a smarter trades, when market starts to increase a potential gains. Doing it physically is much better than virtual strategies.


I have always agreed to this. Doing it manually is much better. There are those experts in the use of bots. Well, they must have found the best ways to handle a bot. And they are full time traders. They know better how everything works. As for me, however, it seems bots are too limited I cannot make the best out of them. When bots try to compete with my order, I let them be. It is a waste of time to fight it out with them.