Bot trading domination: Time to panic?

[hahay]

Bot trading domination, this is the first time I hear about something like this. Why panic? Just join them, buy a trading bot, or use some free bot and that is it. If you can fight them join them, the old saying, you can use it in this situation, and in many others.
Who doesn't have bot should find one immediately!

a little agree but according to my opinion, if using a free bot will be difficult because if there is an update new api from an exchange maybe the developer will not immediately update it, and to buy a premium trading bot the price is quite expensive, and also does not guarantee because if you search on Google too many people offer bots and this creates a confusion about which bots are very good to choose?

Indeed, there are many trading bots that can be bought or obtained but there is someone who says that the quality of a bot is at its price, the higher the bot's price, the better the quality you can get. With such an expensive price, at least when you are willing to buy it, you are ready with risks that might make you disappointed, even though I believe it is a risk that seems to be small to happen or experienced.

[cotton ball]

Bot trading domination, this is the first time I hear about something like this. Why panic? Just join them, buy a trading bot, or use some free bot and that is it. If you can fight them join them, the old saying, you can use it in this situation, and in many others.
Who doesn't have bot should find one immediately!

a little agree but according to my opinion, if using a free bot will be difficult because if there is an update new api from an exchange maybe the developer will not immediately update it, and to buy a premium trading bot the price is quite expensive, and also does not guarantee because if you search on Google too many people offer bots and this creates a confusion about which bots are very good to choose?

Indeed, there are many trading bots that can be bought or obtained but there is someone who says that the quality of a bot is at its price, the higher the bot's price, the better the quality you can get. With such an expensive price, at least when you are willing to buy it, you are ready with risks that might make you disappointed, even though I believe it is a risk that seems to be small to happen or experienced.

I got many time with bot trading make me panic when selling and buying my assets, after put with good price on sell or buy order but never finished and always try buying or selling with higher price by bot trading and make me never want to put on higher price buying some coin.

[drachman]

There is nothing to panic about the bots dominating the market because as long as you know how to read the candlestick chart and you know how to read the patterns and interpret them into a decision making factor then you will be all good in the field. Bots are created because they have strategy in their mind and that is what you should also do, you should have a strategy in your mind and execute it manually so you will be more skillful than them.

Bots may not be smarter than the smartest and best traders but when they can look at hundreds of indicators and look for patterns that no human will ever find then they are way better than most traders and if you are a day trader then you should be definitely be afraid of them, they can take decisions in a matter of seconds that will take a lot more time to a human so they can be many times more effective than most traders and that is really important in a market that has such a huge volatility like this one.

[TitanGEL]

There is nothing to panic about the bots dominating the market because as long as you know how to read the candlestick chart and you know how to read the patterns and interpret them into a decision making factor then you will be all good in the field. Bots are created because they have strategy in their mind and that is what you should also do, you should have a strategy in your mind and execute it manually so you will be more skillful than them.

Bots may not be smarter than the smartest and best traders but when they can look at hundreds of indicators and look for patterns that no human will ever find then they are way better than most traders and if you are a day trader then you should be definitely be afraid of them, they can take decisions in a matter of seconds that will take a lot more time to a human so they can be many times more effective than most traders and that is really important in a market that has such a huge volatility like this one.

Why would I be afraid to then? We humans have emotions and we can use it to think. Bots are just working because of the code and program. We humans are more better than trading bots. I do not like trading bots because of its bad reviews from the crypto community. I do not have plan to use it anyway because I used to trade with my knowledge and skills. I will never rely my portfolio in a trading bots because it is a risky decision.

[Google+]

There is nothing to panic about the bots dominating the market because as long as you know how to read the candlestick chart and you know how to read the patterns and interpret them into a decision making factor then you will be all good in the field. Bots are created because they have strategy in their mind and that is what you should also do, you should have a strategy in your mind and execute it manually so you will be more skillful than them.

Bots may not be smarter than the smartest and best traders but when they can look at hundreds of indicators and look for patterns that no human will ever find then they are way better than most traders and if you are a day trader then you should be definitely be afraid of them, they can take decisions in a matter of seconds that will take a lot more time to a human so they can be many times more effective than most traders and that is really important in a market that has such a huge volatility like this one.

Why would I be afraid to then? We humans have emotions and we can use it to think. Bots are just working because of the code and program. We humans are more better than trading bots. I do not like trading bots because of its bad reviews from the crypto community. I do not have plan to use it anyway because I used to trade with my knowledge and skills. I will never rely my portfolio in a trading bots because it is a risky decision.

Indeed, bots are created from humans who make bots with unique coding that maybe some people do not know what their function is, but you have to know that each bot makes a little gap that is not realized by the user who aims to see the balance of the user can even be used to steal user balances, you must be careful when using bots when trading.

[bitgolden]

bots are created from humans who make bots with unique coding that maybe some people do not know what their function is, but you have to know that each bot makes a little gap that is not realized by the user who aims to see the balance of the user can even be used to steal user balances, you must be careful when using bots when trading.

There are some bots meant to steal your funds only. Those bots would never ask for a simple API key buy would ask for a API key which would allow them to withdraw the funds. This would never make you stand on the secure side if you ever gave the API key to withdraw your funds. You should only give access to the keys which can perform various actions like placing buy/sell orders, cancelling orders, setting stop-loss, allowing trailing, etc so that the bot can only perform traders from your exchange account and would not be permitted to make any withdrawal request.

Bots are made for the betterment of the human nature and hence we should treat them accordingly and be positive in terms of bot usage.

[marilynmanson21]

Algorithms and bot-trading have taken over Wall Street and the cryptocurrency market with no sign of slowing down. Analysts say everyday traders should be terrified of the coming decade.

Everyone in the cryptocurrency industry complains of bots ‘manipulating’ prices, but this will likely end up being even more severe during the 2020s.

In the past decade, we’ve seen some wild swings in prices, both among regular assets and cryptocurrencies. It’s primarily been due to algorithmic robots, but their effect will only be stronger in the coming years. The end result will be that successfully trading the market will be even more difficult.

Read the full news here

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.

Thanks!

there is no reason we should be afraid of trading robots, because trading robots are just a collection of algorithms, different from humans who have intelligence to think,
understand the analysis techniques, understand the market, if we understand both, no matter what is happening, if it's not the time to trade, then don't use it to trade,
always take the right moment, and avoid your concern with trading bots,

[boris singer]

there is no reason we should be afraid of trading robots, because trading robots are just a collection of algorithms, different from humans who have intelligence to think,
understand the analysis techniques, understand the market, if we understand both, no matter what is happening, if it's not the time to trade, then don't use it to trade,
always take the right moment, and avoid your concern with trading bots,

Bot activities are quite disturbing for daily traders, although they are quite dominant but there are no worries that have been fatal until now both from the market and traders. I have used it several times but profit is not always consistent, not a fear which is the main point but how to exploit the weaknesses that occur in their system.

[coinfinger]

It is not actually difficult to understand the manipulation of the trading bots. Even those bots use some algorithm to place various orders so why can't we learn using that algorithm to place orders opposite to the bots?

Bots are usually useful for various people who never have time to speculate the graphs 24*7 and this gives them the ease to easily make profits from the high volatile markets just by setting few bots onto the exchange by linking them with the API keys. This is something which would save time for each of the trader and hence it might be considered useful. In this running academic year, I guess more bots might be developed which would acquire the markets.

[justdimin]

We are living in a more technological times than any other time in the history, the more time passes the more people will take care of their portfolio better and that means eventually the bots will get better as well.

Right now, bots are seen by many people as "give it some money and watch it make money" and more often than not it fails, however with time people will get smarter about what they want from a bot and the developers will make something that will be much more careful (even compared to 3-4 years ago they are better) and at that point we will get to world domination of bots, yet we still have time for that. Even if that happens, the reality is that if you are battling against bots manually you can still find their weakness' and just abuse those.

[sheenshane]

I don't really understand what kind of bot-trading the article is trying to refer to. But I don't see any reason for us to panic with bot-trading.

They have nothing to do with us. They just use algorithms to put sell and buy at the right time (like 70% accurate rate or more) but it doesn't mean we will be affected by it. In trading, the losers are the people who place bids without any proper plan and analysis or even fundamental and technical analysis. If the trading bot can help humans to make a profit, then I guess they could take advantage of it and then no one will ever lose in the long run. But the fact is not, a bot made by humans and it will work by command of humans.

[keyscore44]

I don't really understand what kind of bot-trading the article is trying to refer to. But I don't see any reason for us to panic with bot-trading.

They have nothing to do with us. They just use algorithms to put sell and buy at the right time (like 70% accurate rate or more) but it doesn't mean we will be affected by it. In trading, the losers are the people who place bids without any proper plan and analysis or even fundamental and technical analysis. If the trading bot can help humans to make a profit, then I guess they could take advantage of it and then no one will ever lose in the long run. But the fact is not, a bot made by humans and it will work by command of humans.

In the cryptocurrency market, analyzes have not much to do with what's really going on. I think the author does not mean that bots are better than us, but that they are faster. From what I've heard, banks have bots that can perform several dozen operations per second. So the point is that before you can react to any information, the bot will do at least a few of them.