Has anyone used bots? Are they worth the time and effort?
If you are talking about the trading bot, then I can say YES. They are worth the time and effort. But you need to set it up correctly. Now I am using the Grid bot strategy, It's easy to use. Kucoin offering 4kinds of trading bots right now. Grid bot, Future grid bot, DCA bot, and smart rebalancing bot. All of them are very useful if you know how to use those bots. Personally, I found the Grid bot is very profitable. Actually, when I create a Grid bot with any coin, I just try to find out support and resistance zone. I create the bot at the support level and close at resistance. I found this strategy is very profitable for Grid trading. You can try it from Kucoin official site. From the kucoin app and web version, you can easily use those bots. You just need to create an account at Kucoin and deposit some funds.
Not bad, however if you are using a bot everyone has access to in that platform and you are using one of the predetermined strategies then even if you have gotten some success it is difficult to imagine that you are going to keep being successful as everyone has access to what you are doing, so eventually a saturation point will be reached and you will begin to lose money, it is better that people design their own bots with their on strategies, that way you can trade the markets for a very long time with decent results.