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February 18, 2015, 07:27:51 PM |
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Hello.
Id like the input from experienced traders.
For about two months, no more than that, Ive been trading (+mining) on btce, bitstamp and bitfinex.
I realize this is a slow business. But I think at this point, I should consider the next step.
So far my strategy has been quite safe / defensive.
I sell 0.01 at price X, wait for the BTC value to be at X-3usd, buy again. Sell 0.1+the interest I made again at X, resell at X-3.
This works when the BTC value is stable of course. When there is a crash or a rise I wait for it to stabilize and start again my strategy.
Now that I am able to afford C.A.T., which seems to be the most appreciated/value trading bot around here (plus I had EXCELLENT communication with the developer), I was wondering if acquiring a bot should be wise.
My main question/concern is: Do bots harm the markets?
As I began saying, I recently started in a long time business. I realized that. So every move I make I should consider the impact it would have on a long term. It is obvious I want easier/bigger benefits (who doesnt) but at the same time I wouldnt want to hurt the market I am working on, because that would have direct consequences to me, and everybody else.
So far the only anti bot commentaries Ive read are "pissed off" human day traders that complaints that bot work faster than they do. But so far I havent read any theory of how could trading bots hurt the market overall.
Thank you in advance. This is a serious question from a newbie, yet, motivated, trader, so please take this seriously.
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