It is very unlikely for ethereum to take over bitcoin in my opinion. Bitcoin has high value and it is also the most popular of them all. Ethereum has the potential to grow big, but not the same as bitcoin.
I just read through the whitepaper and now i'm even more thrilled to support cherr.io. You guys are really great. And i'm happy to see the community is growing so fast.
You have to keep it simple. After you read the whitepaper you have to know: 1) Whats the problem they are solving and for whom 2) How are they going to solve it 3) Do they have the means to solve and market it (team, connections etc.)
If the whitepaper does not give you all the informations so that you can answer all those questions and give you confidence into the project, then the whitepaper is not good. And also the project is probably not good enough to invest into.
When using bots you should make sure you are dealing with a reputable company. For example there is a rumor that a some Binance users have been hacked by hacking the bot software provider.