Do you trust it enough to make the right decisions?
It's a bot! The bot will do how you set it up! So what's important is to know how to set it up properly! What people forget is that a bot to work properly even with a solid setup needs a bankroll! Some strategies require a min bankroll to work and be profitable! Quick reminder, the wrong setup can bust your bankroll!
The bot setup is a bit complicated in my opinion, besides that we also have to know the market conditions when setting up the bot before the bot runs.
bot can provide for a short-run traders!
Usually bots are used when market conditions are sideways. I've also used a trading bot, I also don't run a trading bot 24 hours a day. I use bots only at certain moments. Mostly manual trading.
If trading bots are as good as they claim, why are folks not using them as much as they should?
That's marketing. They offer an automated trading product that will make someone a crypto millionaire using bot.
In my experience, bots can also incur losses if market volatility increases significantly.