True, but any bots in a truly decentralized exchange will only be able to trade,paint candles,load orderbooks, etc with funds they actually have. Mt.Gox lost coin and credited false coins to these bot to manipulate the market. At least in true decentralization, bots would need to be actually funded. Also if you notice a bot, you can learn a bots rules, you can take advantage of them and drain THEIR funds.
Could you please make a post about how to recognise than then learn a bot's rules....I think I can see some stuff in the patterns on the exchanges, but would really appreciate it if you could flesh out this comment. C
Honestly its very difficult these days to fight a bot, as they have become more sophisticated over the years. Where in the past there were only a few rules for a bot, now there are many. The people using/coding these bots specifically make them tough to track. If you see orders of a certain value being placed and pulled and replaced at a different value, there's a good chance its a bot but not a super smart one(most use a random range; example: 20-30units instead of 25) to avoid detection. The best thing to do, in my opinion, is invest longer term, as most bots only manipulate the price in the short term, so by doing research, goin long, and avoiding fomo(fear of missing out) and fobo(fear of better offer), u can trade effectively free from bot manipulation. My opinion. There's also no guarantee, that when you learn a bots moves they won't be changed by the creator.
Correct. If you take the time to watch a bot at work, it is possible to force it to move in ways that are an advantage to you. Have to be very careful if you're not experience though.
Yeah its definitely not for the faint of heart/unskilled, as if your bot isnt programmed properly or if you miscalculated the code for the opposing bit, your funds can be easily drained. I personally do not try to trade against bots.
True, but any bots in a truly decentralized exchange will only be able to trade,paint candles,load orderbooks, etc with funds they actually have. Mt.Gox lost coin and credited false coins to these bot to manipulate the market. At least in true decentralization, bots would need to be actually funded. Also if you notice a bot, you can learn a bots rules, you can take advantage of them and drain THEIR funds.
Could you please make a post about how to recognise than then learn a bot's rules....I think I can see some stuff in the patterns on the exchanges, but would really appreciate it if you could flesh out this comment. C
Honestly its very difficult these days to fight a bot, as they have become more sophisticated over the years. Where in the past there were only a few rules for a bot, now there are many. The people using/coding these bots specifically make them tough to track. If you see orders of a certain value being placed and pulled and replaced at a different value, there's a good chance its a bot but not a super smart one(most use a random range; example: 20-30units instead of 25) to avoid detection. The best thing to do, in my opinion, is invest longer term, as most bots only manipulate the price in the short term, so by doing research, goin long, and avoiding fomo(fear of missing out) and fobo(fear of better offer), u can trade effectively free from bot manipulation. My opinion. There's also no guarantee, that when you learn a bots moves they won't be changed by the creator.
Correct. If you take the time to watch a bot at work, it is possible to force it to move in ways that are an advantage to you. Have to be very careful if you're not experience though.
Yeah its definitely not for the faint of heart/unskilled, as if your bot isnt programmed properly or if you miscalculated the code for the opposing bit, your funds can be easily drained. I personally do not try to trade against bots.