Post
Topic
Board Trading Discussion
Re: Experience of using a cryptorobot
by
teosanru
on 22/04/2022, 18:06:54 UTC
Hi all  Smiley

Can you advise whether it is advisable to use a trading bot to trade cryptocurrency?
Such bots are sensitive to volatility, which often happens in the cryptocurrency world.
And how will the bot behave in a falling market?
I used one well-known bot for a month and it made 25% of my balance in a month.
And now I want to invest a lot more money in it.

Thanks
What I have seen from my experience is trading bots will always eventually run you into losses, especially the ones which are readymade available in the market, you will see them going well for a long time, and then suddenly you will see all your earnings getting wiped out in just one or two trades, this could be due to some bug in the code because these trading companies don't really put so much effort in getting the code audited from end to end. I have seen big companies making tons of money from cryptobots but they make money because they generally have their own trading bots which they get tailor-made from in-house coders only.