Re: Are trading bots worth using in the cryptocurrency trading?
Just use the bots that are common to the community. I don't use one but if ever I'll start to use one, I'll choose those that I've known and has got a lot of users as well.
Seems like that's the default choice anyway although I wouldn't spend it all if I am short on capital. I could have invested that instead for my trading even though I don't trading anymore.Using trading bots in cryptocurrency trading can be beneficial for some traders because of automation, fast execution, availability, and the elimination of emotions.
True and this is what those traders that are new to it for them to understand. Because for them, when someone uses a bot, they think of the opposite like it will generally going to work for them and profits will just come to their accounts naturally without having any losses. That mindset should be changed but no doubt that bots are making the trader's lives easier.If possible, you could just create one. I haven't dug deep yet on how complex building a trading bot is, but surely it can't be that far from just automating web apps with Python.
Love automations by the way, lol.
And you are right about not believing on all of those bots that can be bought, using a bot only makes sense if a trader is profitable already and they can code, as in this way they can trade the markets every single minute of every day and not miss a single movement because they were sleeping or they got distracted.
However for some reason many people out there hold the idea that someone else is going to give up on years of research and trial and error and sell their knowledge for peanuts.
Programming these days starts slowly to become a common knowledge. Most of the people I encountered even non techy almost are at least familiar with simple syntaxes since it is almost like close to math knowledge that you learn in high school. However for some reason many people out there hold the idea that someone else is going to give up on years of research and trial and error and sell their knowledge for peanuts.