Bot trading domination: Time to panic?

[kodtycoon]

i don't think there is anything to worry about and there is no need to panic about such domination, because the most important thing is about the crypto market itself, so that as long as the market is still available there then anyone still has the same chance to get a different return or profit because the dominance is only will make such a difference

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[1715254093]

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[hendra147]

if you know forex market, 80% of trader using bot trade, with some secure option, like cutlost or cut profit etc. 'but the manual trade still exit, i think its normal to trade bitcoin or cryptocurrency using bot trade, im use it too in local marketplace, just to trade in 2 trade, BTC-ETH, ETH-IDR calculation the transaction fee and the margin betwen rate and buy/sell wall.

bot trade running just by programing language, no have emotional, so its very safe for people who can't control the emotional when trading, but to maximaze the profit manual is the right option

[wajik-tempe]

if you know forex market, 80% of trader using bot trade, with some secure option, like cutlost or cut profit etc. 'but the manual trade still exit, i think its normal to trade bitcoin or cryptocurrency using bot trade, im use it too in local marketplace, just to trade in 2 trade, BTC-ETH, ETH-IDR calculation the transaction fee and the margin betwen rate and buy/sell wall.

bot trade running just by programing language, no have emotional, so its very safe for people who can't control the emotional when trading, but to maximaze the profit manual is the right option

Is your bot has high win rate or if it summarize in one month, will it always have profits ? I don't think the bots could always do a profits in trading except just luck. And we don't have to worry about bots in crypto exchanges because it won't make any big difference because they just doing scalping and take so little profits.

[Soots]

The subject of this thread is kind of absurd. It is somehow like "the market is dumping: time to panic?" I mean, why panic? Is that even an option? What now if the trading platforms are dominated by bots? Is that something new around here? That has been the reality even before. Furthermore, they are not as brilliant as a trader who does the trading manually. In fact we can manipulate trading bots more than they can manipulate us.

perhaps of concern is the effect of increasing the use of bots with more accurate algorithms. in fact the bot currently still has a weak point and cannot respond to all conditions automatically, it is still limited to tools that cannot handle strong swings, if the bot is not proven to interfere with other stock market activities that are clearly quieter than the crypto market, then there is no need to panic.

Not only are bots failing during swings, they also lack the capability to analyze. They are used according to the limits set by the owner which means that bots are doing what the owner thinks is the best move. The problem is that the market is highly unpredictable. Not even bots plus the owner can predict what happens next in the crypto market.

Bots are preprogrammed to create predictions, always rely on your specific decision. Making a good moves is dependent on how you initiate a smarter trades, when market starts to increase a potential gains. Doing it physically is much better than virtual strategies.

[rijaljun]

-snip-

First about bot manipulating price, does this happen in centralized market or also decentralized market?

Bots are preprogrammed to create predictions, always rely on your specific decision. Making a good moves is dependent on how you initiate a smarter trades, when market starts to increase a potential gains. Doing it physically is much better than virtual strategies.

There are also bots that you can use to execute your trades, not only to predict price movements. But they aren't perfect, they are just faster but not smarter than human.

[DoublerHunter]

~snip~
..do you think it is time for traders like us to panic now?

Do you think we should be worried by this in the next few years of this decade? Let me know your reactions or thoughts about this one guys.

^ Calm down, we should not do panic like this. Bots are sometimes got an error because of humans because we set the bot in trading to cut the loss and cut profit in which percent we like to get profit. Technically speaking, not all bots are the same set in trading there is a chance that it will fail. Because bot can not dominate the algorithm system in trading and it will not work their own without any person to set the bot.
There are too many trading bots out there and until now we did not realize that we afraid of this for domination of the market.

[Hamphser]

i don't think there is anything to worry about and there is no need to panic about such domination, because the most important thing is about the crypto market itself, so that as long as the market is still available there then anyone still has the same chance to get a different return or profit because the dominance is only will make such a difference

Why do we have to panic in this situation? Just look at the current price does that mean we really have to panic? Bitcoin dominance is just around the corner and it will never fail us. It is us only who failed because we think too much and that's the reason why emotions should have not get involve in our trading activity.

[rijaljun]

Why do we have to panic in this situation? Just look at the current price does that mean we really have to panic? Bitcoin dominance is just around the corner and it will never fail us. It is us only who failed because we think too much and that's the reason why emotions should have not get involve in our trading activity.

I do believe that the 'panic' OP talking is about how we will trade with regular way ( manually buy and sell while lots people will be using bots to execute trades). It is not panic about selling bitcoin or any coins in the market.

Panic like when everyone is riding motorcycle but you just using a bicycle in terms of trading so you don't have enough energy and speed to trade.

[Hallmader]

The subject of this thread is kind of absurd. It is somehow like "the market is dumping: time to panic?" I mean, why panic? Is that even an option? What now if the trading platforms are dominated by bots? Is that something new around here? That has been the reality even before. Furthermore, they are not as brilliant as a trader who does the trading manually. In fact we can manipulate trading bots more than they can manipulate us.

perhaps of concern is the effect of increasing the use of bots with more accurate algorithms. in fact the bot currently still has a weak point and cannot respond to all conditions automatically, it is still limited to tools that cannot handle strong swings, if the bot is not proven to interfere with other stock market activities that are clearly quieter than the crypto market, then there is no need to panic.

Not only are bots failing during swings, they also lack the capability to analyze. They are used according to the limits set by the owner which means that bots are doing what the owner thinks is the best move. The problem is that the market is highly unpredictable. Not even bots plus the owner can predict what happens next in the crypto market.

Bots are preprogrammed to create predictions, always rely on your specific decision. Making a good moves is dependent on how you initiate a smarter trades, when market starts to increase a potential gains. Doing it physically is much better than virtual strategies.

I have always agreed to this. Doing it manually is much better. There are those experts in the use of bots. Well, they must have found the best ways to handle a bot. And they are full time traders. They know better how everything works. As for me, however, it seems bots are too limited I cannot make the best out of them. When bots try to compete with my order, I let them be. It is a waste of time to fight it out with them.

[BChydro]

Analysts claimed that bot-trading may possibly dominate in the 2020's, do you think it is time for traders like us to panic now?
If they do what we feared the most, it would likely manipulate the prices of Bitcoin and other cryptocurrencies as "wild swings" occur and may get even worse in more years to come.
Do you think we should be worried by this in the next few years of this decade? Let me know your reactions or thoughts about this one guys.

If you think that there is a change in the market regarding the trading trends and everyone is making use of bots and artificial intelligence to get the maximum benefit as a trader you should change too and there is nothing you can stop these advances, so changing with the situation is the best option if you think that bots are dominating the market.

[teosanru]

Don't you think it's inevitable? I mean just for once forget about trading. Every sphere is dominated highly by bots and computers today. And believe it or not we are going to compete with these bots in every sphere. Drivers are being eliminated due to auto pilot cars who are bot driven. I am not threatening anyone but one should take this as an opportunity to shift correctly. Many such bots aren't complex they are just there to make trading more mechanical without any emotions. They just make the trade setup automatic and an algorithm which triggers a trade whenever that setup gives a trigger. I think learning any code language little bit can really help you create such algos however another disclaimer i would give is to avoid buying any proprietary software for trading. Better get some tailor made software created.

The subject of this thread is kind of absurd. It is somehow like "the market is dumping: time to panic?" I mean, why panic? Is that even an option? What now if the trading platforms are dominated by bots? Is that something new around here? That has been the reality even before. Furthermore, they are not as brilliant as a trader who does the trading manually. In fact we can manipulate trading bots more than they can manipulate us.

perhaps of concern is the effect of increasing the use of bots with more accurate algorithms. in fact the bot currently still has a weak point and cannot respond to all conditions automatically, it is still limited to tools that cannot handle strong swings, if the bot is not proven to interfere with other stock market activities that are clearly quieter than the crypto market, then there is no need to panic.

Not only are bots failing during swings, they also lack the capability to analyze. They are used according to the limits set by the owner which means that bots are doing what the owner thinks is the best move. The problem is that the market is highly unpredictable. Not even bots plus the owner can predict what happens next in the crypto market.

Bots are preprogrammed to create predictions, always rely on your specific decision. Making a good moves is dependent on how you initiate a smarter trades, when market starts to increase a potential gains. Doing it physically is much better than virtual strategies.

I have always agreed to this. Doing it manually is much better. There are those experts in the use of bots. Well, they must have found the best ways to handle a bot. And they are full time traders. They know better how everything works. As for me, however, it seems bots are too limited I cannot make the best out of them. When bots try to compete with my order, I let them be. It is a waste of time to fight it out with them.

I think instead of flexibility trading generally requires a lot of discipline which is really difficult to maintain along side human emotions which is why bots are growing. Doing manually may give you chance of changing your strategy but truth is 80% of times you lose because of not sticking to your strategy.

-snip-

First about bot manipulating price, does this happen in centralized market or also decentralized market?

Bots are preprogrammed to create predictions, always rely on your specific decision. Making a good moves is dependent on how you initiate a smarter trades, when market starts to increase a potential gains. Doing it physically is much better than virtual strategies.

There are also bots that you can use to execute your trades, not only to predict price movements. But they aren't perfect, they are just faster but not smarter than human.

I think they are perfect which is why they are better humans can make hundreds of mistakes while entering a trade while a bot would never make any such mistake and would follow exactly whatever it has been told to do.

[Linkkoin]

What about quantum computers in the prediction of the market events? There are rumours that the biggest banks already are creating departments dedicated to analyzing and predicting the market.

[senne]

You can't escape it. Automating trading through bots isn't something new. Though some exchanges are taking preventive steps and usually ban an account which excessively tries to manipulate the market by placing number of buy and sell orders. But you can't escape them entirely. In this era of technology th problem is going to intensify only. Exchanges might take some major steps but then again not all gonna do that.

[pajak666]

What about quantum computers in the prediction of the market events? There are rumours that the biggest banks already are creating departments dedicated to analyzing and predicting the market.

This is years to come and well.. computers are tools. Its's people who use tools however they like or more importantly can. When quantum computing comes to reality for trading it would be way better to be among the people who know how to use them. Don't treat it like a bad thing, we need to understand that it is simply technology changing and it is only our own problem if we refuse to use it because we don't wanna learn something different.

[wxxyrqa]

What about quantum computers in the prediction of the market events? There are rumours that the biggest banks already are creating departments dedicated to analyzing and predicting the market.

This is years to come and well.. computers are tools. Its's people who use tools however they like or more importantly can. When quantum computing comes to reality for trading it would be way better to be among the people who know how to use them. Don't treat it like a bad thing, we need to understand that it is simply technology changing and it is only our own problem if we refuse to use it because we don't wanna learn something different.

Each cryptocurrency user is wary of this, especially when it comes to a quantum computer and its capabilities.  Based on this, the most important question about the security of cryptocurrency sounds.  In addition, if we talk about the real possibilities of trading bots, then with the increase in software capabilities, which allows smart programs to replace the human mind for market analysis and choose more suitable moments for transactions, then with the gradual improvement of the technical characteristics of such programs, the use of trading bots can be  global and this should not be scary, as a person begins to use High Technologies everywhere to facilitate his work.

[its-a-me-mario]

Bots have dominated Wall Street for years now and I wouldn't call most of Wall Street manipulated or out of control. There's still plenty of retail traders on the NYSE and other exchanges. More bots brings more competition and liquidity across the market as a whole, I'd say that's a good thing.

[nydiacaskey01]

I don't see anything wrong with using Bots and if there will be more Bots users this year. All I can see is that traders just want to trade without being mindful of their feeling or emotions. When I started using a bot, bot traded just like what I asked him to do, unlike when I trade, when I see theres a chance that profits will be higher, I dont sell and hold but after a few minutes of waiting, price dropped, there goes yous profits down the drain because of following your emotions instead of what is the original plan.

[outatime1]

Doesn't bot trading just react to market signals that predict market psychology?

It seems that the bots are using algorithms that look at predictable market signals like Fibonacci levels that humans will view as resistance and support levels.  So basically we have the power to know what the bots will do, right?

[Hallmader]

The subject of this thread is kind of absurd. It is somehow like "the market is dumping: time to panic?" I mean, why panic? Is that even an option? What now if the trading platforms are dominated by bots? Is that something new around here? That has been the reality even before. Furthermore, they are not as brilliant as a trader who does the trading manually. In fact we can manipulate trading bots more than they can manipulate us.

perhaps of concern is the effect of increasing the use of bots with more accurate algorithms. in fact the bot currently still has a weak point and cannot respond to all conditions automatically, it is still limited to tools that cannot handle strong swings, if the bot is not proven to interfere with other stock market activities that are clearly quieter than the crypto market, then there is no need to panic.

Not only are bots failing during swings, they also lack the capability to analyze. They are used according to the limits set by the owner which means that bots are doing what the owner thinks is the best move. The problem is that the market is highly unpredictable. Not even bots plus the owner can predict what happens next in the crypto market.

Bots are preprogrammed to create predictions, always rely on your specific decision. Making a good moves is dependent on how you initiate a smarter trades, when market starts to increase a potential gains. Doing it physically is much better than virtual strategies.

I have always agreed to this. Doing it manually is much better. There are those experts in the use of bots. Well, they must have found the best ways to handle a bot. And they are full time traders. They know better how everything works. As for me, however, it seems bots are too limited I cannot make the best out of them. When bots try to compete with my order, I let them be. It is a waste of time to fight it out with them.

I think instead of flexibility trading generally requires a lot of discipline which is really difficult to maintain along side human emotions which is why bots are growing. Doing manually may give you chance of changing your strategy but truth is 80% of times you lose because of not sticking to your strategy.

I would have to agree with this. I admit that in terms of sticking it out with the strategy, humans are weak. Bots are much better. Sometimes the analysis is good, the figures are already set, but when the pump finally came and the green candle is rising, the 5% target suddenly changes into 10%. And that is where many are lost.  

[zeze18]

Doesn't bot trading just react to market signals that predict market psychology?

It seems that the bots are using algorithms that look at predictable market signals like Fibonacci levels that humans will view as resistance and support levels.  So basically we have the power to know what the bots will do, right?

Yeah i think bots won't do something better than human pro trader's analysis, the bots will detect market movement and taking few profits and cutlosses when the price is down, it's just luck for a bot that could gather much profits. When the market is in downtrend i'm sure any bots won't make any profits. So i think there's nothing to afraid.