Post
Topic
Board Trading Discussion
Re: Top 5 Ways to Earn Crypto While You Sleep
by
South Park
on 18/01/2020, 19:52:22 UTC
I would not advertise trading bots as an easy way to earn crypto while you sleep...

A great trading bot requires maintenance and for you to understand basic trading principles in order capitalize on targeted market conditions.

Trading products or services advertising guaranteed returns is more likely than not a scam.

The hard truth is that I would avoid automated trading for nontechnical users looking for an easy way to earn crypto.
Some of the bots that you find in the market are without a doubt scams, but even the bots that are not scams are not going to give that much profits especially if the bot becomes popular, something that has been known for a long time is that if a strategy is being used by many people in the market then that strategy will become ineffective as everyone is looking at the same charts and the same indicators, so if the bot you are using comes with a predefined strategy and it is impossible to change it then your profits will go down or even become losses as everyone uses the same bot.