Quote from: emmybd on November 14, 2020, 04:00:09 PM

Bots are now in high demand with the rise of more effective crypto exchanges, due to their aptitude for generating lucrative crypto trades each day. Facilitated with profound algorithms and handled by pre-eminent companies, a multitude of bots are found all over the market with their functions and drawbacks.

Nonetheless, the majority of bots turn out to be scams intended to snatch deposits and account balances from investors. Some dupe investors into signing for deals with scheming brokers.

While there are many bots that you can buy there are several problems with them, the first is that as you say there are a great deal of scams in the market and the market of bots is not an exception, you buy a bot thinking you are about to make money only to lose it all by buying a piece of software that does nothing and losses you money in the markets or because the software had a hidden virus and you lose the coins in your wallet in the process.

Quote from: emmybd on November 14, 2020, 04:00:09 PM

That doesn’t mean, however, that bots are prohibited to rookies. The rookies, with a bot accompanying them, have it easier to make trading decisions because of all the options and strategies now available and known to them.

Newbies can use bots if they want but I think it is pointless in their case, the main advantages of bots are perfect execution of your strategy and the ability to monitor all the markets you like and trade them all the time and as you can see those two advantages do not really help a newbie that much anyway