Beware of Bots

[coingrowth]

 Skilled exchange traders learned to use the programs facilitating trading process long ago. It can be as semi-automatic trade advisers and completely automatic bots.

These programs trace the price chart of an asset and find an optimum point for an entrance to the market. Completely automated soft does not assume intervention of the trader in process of the auction.

The strategy of bots in the crypto foreign exchange market, as a rule, comes down to the creation of "false" warrants. Warrants are formed with one purpose to provide the illusion around a digital asset. Thus, manipulate the price in the necessary direction, deceiving other investors. Fake warrants at the right time are simply canceled.

Bots in the market of cryptocurrencies is a serious problem. Owners of the crypto exchanges need to think seriously of maintaining own reputation and to introduce internal rules and restrictions.

[1715001527]

1715001527

[JeffBrad12]

Skilled exchange traders learned to use the programs facilitating trading process long ago. It can be as semi-automatic trade advisers and completely automatic bots.

These programs trace the price chart of an asset and find an optimum point for an entrance to the market. Completely automated soft does not assume intervention of the trader in process of the auction.

The strategy of bots in the crypto foreign exchange market, as a rule, comes down to the creation of "false" warrants. Warrants are formed with one purpose to provide the illusion around a digital asset. Thus, manipulate the price in the necessary direction, deceiving other investors. Fake warrants at the right time are simply canceled.

‼Bots in the market of cryptocurrencies is a serious problem. Owners of the crypto exchanges need to think seriously of maintaining own reputation and to introduce internal rules and restrictions.

It looks so difficult consider about even some exchange sites have used the bot to create fake orders, I have seen some people have proven it so many times. Remember the exchange site just like exrate, yobit and more shitty exchange sites are using bot to create fake orders.

[BITSPANISH]

It's really difficult to stop trading bot. If today you can update your exchange to stop trading bot on your exchange, tomorrow new bots will be available and you'll have to update your exchange again. LOL. It's really really difficult and all crypto exchanges are still finding out the way to disqualified trading bot.

[ukloon]

These bots are everywhere on the exchanges, although i think there are less on decentralised exchanges. Binance is full of bots which makes it difficult to trade there, only thing good about it is the high volumes.

[coinswebid]

to stop the bots is easy for exchange just disable the API Keys features,,
because most of bots is use API keys
but, in my opinion exchange will not do that,
because bots help to increase their trading volume too 

[kotajikikox]

Need to accept thiis since from the start all excahnge is using bots, i recommend to the traders need to becareful and be wise for every decision in the trading job to avoid victim of fake bot.

[Mt. Dempo]

It's really difficult to stop trading bot. If today you can update your exchange to stop trading bot on your exchange, tomorrow new bots will be available and you'll have to update your exchange again. LOL. It's really really difficult and all crypto exchanges are still finding out the way to disqualified trading bot.

it's a difficulty that is faced by various exchanges, because every day new bots will be born and they continue to perfect and continue to add new technology to the bot. this also has a dilemma, because some people benefit from these bots and some people lose.

[ginobitcoiner]

bots are indeed very detrimental, on the one hand this indeed can attract traders to trade their altcoin on an exchanger, because of the large daily volume, thus giving traders confidence. but not a few feel disappointed after they sell their altcoins to the exchanger but in reality they are not sold because actually the trading volume on the exchanger is done by bots

[CryptoBry]

Skilled exchange traders learned to use the programs facilitating trading process long ago. It can be as semi-automatic trade advisers and completely automatic bots.

These programs trace the price chart of an asset and find an optimum point for an entrance to the market. Completely automated soft does not assume intervention of the trader in process of the auction.

The strategy of bots in the crypto foreign exchange market, as a rule, comes down to the creation of "false" warrants. Warrants are formed with one purpose to provide the illusion around a digital asset. Thus, manipulate the price in the necessary direction, deceiving other investors. Fake warrants at the right time are simply canceled.

‼Bots in the market of cryptocurrencies is a serious problem. Owners of the crypto exchanges need to think seriously of maintaining own reputation and to introduce internal rules and restrictions.

It looks so difficult consider about even some exchange sites have used the bot to create fake orders, I have seen some people have proven it so many times. Remember the exchange site just like exrate, yobit and more shitty exchange sites are using bot to create fake orders.

I am not into the technicalities of the software programs or bots used in cryptocurrency trading but I heard that there are some exchanges using bots and they can easily dump and pump any coin or token that they want presumably to speculate and manipulate the market most especially with an asset that has limited market volume. I am sure that this whole thing has been around ever since cryptocurrency came into being and program developers have already scaled the whole process. I think that this is not good for the whole marketplace actually and this can have long-term repercussions which can be negative for all of us.

[filtyfrank251]

Need to accept thiis since from the start all excahnge is using bots, i recommend to the traders need to becareful and be wise for every decision in the trading job to avoid victim of fake bot.

bot makes us think of real traders so buy in large quantities, so it is easy to give us the disadvantage from the market, especially when the list of hotbit the bot to intervene and create the transfer translate illusion.

[WhaleTank]

If you want to continue earning - you should adopt.
HFT bots buy/sell local highs/mins.
You should outplay them if you are an intraday trader.Or go in for Swing Trading with WhaleTank - safer then intraday

[burdalen]

Skilled exchange traders learned to use the programs facilitating trading process long ago. It can be as semi-automatic trade advisers and completely automatic bots.

These programs trace the price chart of an asset and find an optimum point for an entrance to the market. Completely automated soft does not assume intervention of the trader in process of the auction.

The strategy of bots in the crypto foreign exchange market, as a rule, comes down to the creation of "false" warrants. Warrants are formed with one purpose to provide the illusion around a digital asset. Thus, manipulate the price in the necessary direction, deceiving other investors. Fake warrants at the right time are simply canceled.

‼Bots in the market of cryptocurrencies is a serious problem. Owners of the crypto exchanges need to think seriously of maintaining own reputation and to introduce internal rules and restrictions.

I totally agree! I see a serious stock exchange begins to impose strict rules to the trading community. I hope that in a year such tools of price manipulation will be banned completely.

[Q2kc]

I really hate bots, you cannot compete with bots in trading and it is very annoying because when you set a buy order these bots will always ruin your buy and sell order, Hotbit bots is the worse always creating a buy order and if you sell to the bots it will cancel immediately and spoofing anywhere.

[South Park]

Skilled exchange traders learned to use the programs facilitating trading process long ago. It can be as semi-automatic trade advisers and completely automatic bots.

These programs trace the price chart of an asset and find an optimum point for an entrance to the market. Completely automated soft does not assume intervention of the trader in process of the auction.

The strategy of bots in the crypto foreign exchange market, as a rule, comes down to the creation of "false" warrants. Warrants are formed with one purpose to provide the illusion around a digital asset. Thus, manipulate the price in the necessary direction, deceiving other investors. Fake warrants at the right time are simply canceled.

‼Bots in the market of cryptocurrencies is a serious problem. Owners of the crypto exchanges need to think seriously of maintaining own reputation and to introduce internal rules and restrictions.

Most exchanges allow bots to begin with so it seems they disagree with you that this is some kind of problem, and I also disagree, if a bot has so much money at its disposal that it can manipulate the market then the problem is not the bot but the huge amount of coins that the owner of that bot has, also you can take advantage of bots as well and besides bots are something that only short term traders need to worry about.

[miyaka26]

Bots tend to keep the trading active by creating fake orders, they are just buying and selling to themselves but it will also depend on their program as to how they behave on trading but you can actually spot most of the bots from newly listed tokens from ICO where their volume is so low, some people take advantages from this bots by learning their behavior to take some profits but beware you might lose your capital if you don't know what you are doing.

[tycsols]

Yes i have also read an article explaining this issue, this bot strategy is being used by new and low volume exchanges to rank up but sadly this is a terrible kind of faking the system,  personally i think it is the worst kind of manipulation and deceive, exchanges should avoid such techniques and there should be some checks and warnings to such exchanges from the authorities.

[sorrros]

These bots are everywhere on the exchanges, although i think there are less on decentralised exchanges. Binance is full of bots which makes it difficult to trade there, only thing good about it is the high volumes.

Not on exchanges where is not API avaiable.
These exchanges are probably more safe for manual trading. One of my favorite exchange was COSS, but they added API, so everyone could now easily connect his bot to this exchange .

[Leah38]

Good day! There's a lot of exchange with trading bots. Its hard to trade actually coz I find it hard to predict the movement of the trades. If you set your order the bot will automatically put an order before you. So its advisable to trade with a good signal and just focus on trading to ear better profits.

[ashmodeus]

Skilled exchange traders learned to use the programs facilitating trading process long ago. It can be as semi-automatic trade advisers and completely automatic bots.

These programs trace the price chart of an asset and find an optimum point for an entrance to the market. Completely automated soft does not assume intervention of the trader in process of the auction.

The strategy of bots in the crypto foreign exchange market, as a rule, comes down to the creation of "false" warrants. Warrants are formed with one purpose to provide the illusion around a digital asset. Thus, manipulate the price in the necessary direction, deceiving other investors. Fake warrants at the right time are simply canceled.

‼Bots in the market of cryptocurrencies is a serious problem. Owners of the crypto exchanges need to think seriously of maintaining own reputation and to introduce internal rules and restrictions.

well
its a common news
i think most of trader already know about it.
and also most of big exchange allowed bot inside their exchange.
no need action about it
its like already legal
decentralized exchange like IDEX also have a bot.

[Tcpark]

I think we need a regulation in this sphere to protect traders from deceitful exchange owners and other cheaters....