#BotOrNot

trading bots are supposed to automatically trade for you even if you are sleeping. there are scenarios where bots are really effective and there are scenarios where you lose a lot of money.

1. spot trading bot: spot trading bot is useful when price fluctuates above and below a specific value. the bot, if configured properly, can make profit even if the price remains in the same range for days or even weeks or months. but the price keeps lowering then spot bot cant make profit.

2. future trading bot: future trading bot is useful when you know that price will go up or down. the bot trades multiple times to make profit for you. but if the bot is not configured properly, you account can get liquidated.

so in summary, bot are useful in certain situations but you can't rely on them without knowing market dynamics.