What strategies can I use to compete with bots on crypto exchanges?

3 answers

• Dec 16, 2021 · 3 years ago
  One effective strategy to compete with bots on crypto exchanges is to focus on longer-term investments rather than short-term trading. Bots are designed to take advantage of short-term price fluctuations, so by holding onto your investments for a longer period, you can reduce the impact of their rapid trading. Additionally, conducting thorough research and analysis before making any trades can help you identify opportunities that bots may overlook. Remember, patience and a long-term perspective can be your allies in this battle against bots!
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• Dec 16, 2021 · 3 years ago
  Another strategy is to use limit orders instead of market orders. Bots often rely on market orders to execute trades quickly, but by using limit orders, you can set specific price points at which you are willing to buy or sell. This allows you to avoid getting caught in the rapid price swings that bots may create. It may take longer to execute your trades, but it can help protect you from falling victim to bot-driven volatility.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we understand the challenges of competing with bots on crypto exchanges. One strategy we recommend is to diversify your trading across multiple exchanges. Bots tend to target popular exchanges, so by spreading your trades across different platforms, you can reduce the impact of their automated trading strategies. Additionally, staying informed about the latest market trends and developments can give you an edge in identifying opportunities that bots may not be able to exploit.
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