Unlike the regular stock markets, the cryptocurrency market never sleeps and as a trader, this presents a highly stressful situation for investing within the industry. Crypto investors are familiar with the need to be on their toes whenever they want to have a pleasant portfolio.

As such the volatility of the market necessitates the need for trading bots which are becoming increasingly popular among traders. This software allows them to remain in trading at all times, with the bot making automatic bids even while the trader is asleep.

While crypto trading bots sound amazing, there is a need for due diligence if it involves automatic software since human alone is not infallible when it comes to matters of trading. Even Warren Buffet, a seasoned Wall Street legend loses out from time to time and crypto trading bots could be useful at making sure such investors stay ahead of others.

An open pro to this software is that they can trade 24/7 even while you sleep or during working hours. Depending on the investors' strategy you can end up making money or also lose out.

Crypto trading can also cause a lot of emotions, and often this interferes with the profitability of the selling. Impulsive buying is an example of how emotions can push one to have greed for fear of missing out on investing in a token.

We already mentioned that the crypto market runs non-stop and for a trader its impossible to keep up with the repetitive trading, price checking, and trade confirmations. With a bot can do all that working under instructions from the user to find the best trades and when to execute.

Despite the high side, sadly cryptocurrency bots have disadvantages that can make you shun them. There are quite some cryptocurrency bots and finding the right option may seem next to impossible. In additions, the market is also infiltrated with potential scams acting as crypto trading bots.

You might also want to consider fees or usage costs. Despite the existence of free bots like Gekko and Gimmer, they may not offer the level of sophistication that comes with the subscription-based bot software such as Haasbot.

There is also the need to keep updating the bot instruction to be in tandem with the ever-changing crypto market. The continuous updating and maintenance could end up becoming a tedious task for the trader at the end of the day.

You also have to recognize that trading bots do not factor in the fundamental analysis, insider knowledge, breaking news and other myriads of factors influencing the cryptocurrency markets. That means that the strategies such as Arbitrage could end becoming less profitable.

In an ideal world, you may want to consider using bots that combine the automatic system with human expertise. For example, eToro offers the CopyTrader tool that lets you copy exact trades that other traders make. It is more of a trading bot working with the help of a human trader.

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