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Can you lose money with crypto trading bots

  • 15-08-2023 02:39AM
    #1
    great mercy
    Registered Users, Registered Users 2 Posts: 1 ✭


    Would be glad to learn more



Comments

  • #2
    Jim_Hodge
    Registered Users, Registered Users 2 Posts: 12,477 ✭✭✭✭Jim_Hodge


    Of course you can loose money, and lots of it.



  • #3
    felandere
    Registered Users, Registered Users 2 Posts: 17 ✭felandere


    Tried one for a few weeks, but it kept making weird trades during low volume times and racked up fees. Ended up losing more than I probably would've manually.



  • #4
    CWMMC
    Registered Users, Registered Users 2 Posts: 255 ✭✭CWMMC


    Ofcourse you can lose money.



  • #5
    Kaisr Sose
    Registered Users, Registered Users 2 Posts: 3,800 ✭✭✭Kaisr Sose


    Great mercy indeed.🤣



  • #6
    felandere
    Registered Users, Registered Users 2 Posts: 17 ✭felandere


    I tried a few bots last year and honestly, some made small gains but others lost more than they earned, especially during volatile swings. What helped me get a better handle on things was switching to the best crypto trading terminal for beginners—gave me way more control and insight into what the bots were doing, rather than running them blindly and hoping for the best.

    Post edited by felandere on


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  • #7
    Jim_Hodge
    Registered Users, Registered Users 2 Posts: 12,477 ✭✭✭✭Jim_Hodge


    https://www.boards.ie/discussion/comment/123688151#Comment_123688151

    What bot wrote that?



  • #8
    bwonka272
    Registered Users, Registered Users 2 Posts: 1 ✭bwonka272


    Yes, you can lose money with trading bots since markets are unpredictable and no bot guarantees profit. It’s better to understand the risks first I usually check resources like corydo for clear explanations before trying tools like that.



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