You are viewing a single comment's thread from:

RE: What To Look For When You Are Choosing A Bitcoin Trading Bot

in #bitcoin6 years ago (edited)

Interesting post.
I might be unique in the thought but I think that this increased proliferation of bots doing these types of tasks is an ominous sign. There are certainly places where computational algorithms are important but a trading bot? It's eliminating the human aspect out of it. One of the biggest reasons the traditional stock market is such a sham is because of these trade bots. They can trade a thousand times in a second on a particular stock if desired or programmed to do so. We obviously cannot do such acts due to physical limitations. I just disagree with the obsession of using bots to do everything. Just my opinion though!

I am wondering though, which bots are the most rated or top recommended?

After reading some comments of yours I am glad that you don't use bots but is that a personal choice or do you not have the time to use them?

Sort:  

Interesting post.

Thank you my friend @cmplxty.

I might be unique in the thought but I think that this increased proliferation of bots doing these types of tasks is an ominous sign. There are certainly places where computational algorithms are important but a trading bot? It's eliminating the human aspect out of it. One of the biggest reasons the traditional stock market is such a sham is because of these trade bots. They can trade a thousand times in a second on a particular stock if desired or programmed to do so. We obviously cannot do such acts due to physical limitations. I just disagree with the obsession of using bots to do everything. Just my opinion though!

Thank you for sharing your opinion my friend. Yes it's true that bots can do thousand times trading and human can't beat them. Yes I am agree with your point but thing is as there is technology available for it and for making more profit most of people use it. But I believe human will be always there even tech will improve 100% more :)

I am wondering though, which bots are the most rated or top recommended?

Article coming soon for this :)

After reading some comments of yours I am glad that you don't use bots but is that a personal choice or do you not have the time to use them?

I used some for research and knowledge purpose. In this kind of thing I am old school guy ;) I liked to do research, check everything and then I do trade - & I liked it that way. So I do not use bot.

Thank you for such a nice comment an sharing your views.
Have a great time my friend @cmplxty :)

Cheers! I think we share some very similar views!

Good to know my friend @cmplxty.

Article coming soon for this :)

Great will wait for it :)