I have used them for years and I can tell you that it is definitely a tricky situation to be involved in crypto bots. You are getting something that is the most magnificent "increaser" in the sense that whatever you do, that bot will increase it by 10x. Obviously there are simply just failed bots that never work properly, those are not the ones I am talking about. Usually a bot can increase what you can do by tenfold but that means you are going to be very very careful as well.
I have seen people who were bad traders and wanted to use a bot to make a profit automatically, the whole idea of "just sit back, relax and watch your profits grow" is not true at all, will never be true, in no bot at all. It is always the trader who needs to configure the bot correctly and perfectly, so if you are great then you will profit 10x more, if you are horrible, you will lose 10x more.
Exactly, many people think of bots as automatic money making machines and this is not true at all, whatever you do is amplified by the bot, so if you are losing money in the markets then all of what the bot is going to do is to lose the money even faster, but if you are a good trader then the bot gives you the ability to trade without rest and even more importantly it can find more opportunities to trade because as humans we have limitations about the number of markets we can watch, while this is not a problem for a bot.