#BotOrNot Is it a good idea to use bots in trading?

Trading bots can be powerful tools for operating in the crypto market, but they are not a magic solution. Their advantages include operating 24/7, executing strategies accurately, and eliminating emotions from trading. However, they also present risks: they can amplify losses in volatile markets, require constant setup and monitoring, and many trading bots promise profitability without guarantees.

If you decide to use them, make sure to understand their strategy, manage risk, and not rely 100% on them. A bot can be an ally, but it will never replace the judgment and analysis of an experienced trader.