It’s important to note here that not every bot is profitable , in fact, most aren’t. So, Ideally the bots actually generate a profit and ideally that profit is greater in risk-adjusted terms than had you have just bought the same coins and held them throughout.
Read moreIs a crypto bot worth it?
In many cases, they must still make investment decisions such as when to buy or sell. A crypto bot is not a get-rich-quick solution for an investor unwilling to put in the time and effort necessary for success . While bots can help execute orders, they are not a substitution for a solid investing strategy.
Read moreDo crypto trading bots actually work?
Trading cryptocurrency assets using a bot is always more efficient. You don’t have to worry about delays or human errors. As long as the bot receives the correct data and has suitable algorithms, it can trade assets with a better chance of profit . Also, these bots can work 24*7.
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