It is incredible that there are people like @gimme-your-coinz, @solovey6o2, @freebornsociety, @take-my-coinz, @bluesniper that they are using a bot without knowing how to configure it to have benefits and I refer to the image.
The benefit of having a robot on an exchange
I think I will have to do a little introduction for those who use a bot and do not know how to configure it
- 1- Action of demand and supply (if there is not one thing, you will not have the other), it is not worth setting a purchase price of $ 0.65400 if you sell at $ 0.66951
In this image or I explain it, the user @solovey6o2 has placed a purchase order for 417.02407936 pob at a price of $ 0.65400 but on the other side he is selling 187.49205010 pob at $ 0.66951.
If I now with my 1000 hive that I have decided to buy pob, the sale price would automatically rise, the consequence of what I did is that the purchase price automatically rises because the other bots see that the price rose. Consequently, that @solovey6o2 has to raise the purchase price and that action already goes into losses in all transactions until it is put back at the price that he had established.
- 2- Bot without token, if at some point the price rises, the bot has to sell because that is their order.
The user @gimme-your-coinz as you can see only has purchase orders placed but not sales orders, and that reason is because the bot sold below the price and no longer has more coins to be able to see, that user is in losses right now, and the best thing is that you don't even know.
So this is what I am making clear, there are many people who have no idea how a bot works, that is why they place meaningless orders and they are lost more than profits, and it is these people who do not care about the price. That this is the market and they think they are winning, GENTLEMEN IF YOU SPEND THE MONEY IN USING A BOT AT LEAST INFORMATE ITS OPERATION.
Other things that they do not know, is these bot do not buy or sell, a good bot has an order to buy if the price is below your price and then place an order below the purchase price to earn a% or if it sees that the market moves remove the order and update to avoid losses.
These bot only place new orders if someone gets above it and they don't care if the price goes down or goes up... I recommend to all those who use them not to use them since they can lose everything in a day without that discounts you, anyway time will prove me right.
If someone wants to know how to earn something by selling and buying, I can gladly help them, but without using any bot