Binance trading bot?

Hey. I've been reading that price manipulations are partly because of trading bots.

May someone explain what the meaning of this is and if possible point me to one? Couldn't find anything.
I have an account in Binance.

Thanks!

Trading bots exist in stock markets too. They just adapted bots for cryptos.

Yeah, as @bartosimpsonio said. They exist and can pretty much be used to create price manipulations.

Nice, please how can I get a specific bot for a particular platform like binance

And are there ways to ensure losses are minimized with this bots

Bots are made to waste your money and to profit the owner of the bot. Trading is a high risk so it should be done by your own.

Kevin Holt said:

Bots are made to waste your money and to profit the owner of the bot. Trading is a high risk so it should be done by your own.

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Oh thanks. I really do appreciate this info

PatriceKlen said:

Nice, please how can I get a specific bot for a particular platform like binance

And are there ways to ensure losses are minimized with this bots

Click to expand...

I’ve looked at a few and profit trailer seems to be one of the best. But from what i’ve read in their community Channels avg profit is 1-2%.

nocturnae said:

I’ve looked at a few and profit trailer seems to be one of the best. But from what i’ve read in their community Channels avg profit is 1-2%.

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But do you think they could be trusted?

kosuo9909 said:

Hey. I've been reading that price manipulations are partly because of trading bots.

May someone explain what the meaning of this is and if possible point me to one? Couldn't find anything.
I have an account in Binance.

Thanks!

Click to expand...

If you're asking why bots cause price manipulation, it's less to do with some wide spread bot conspiracy and more to do with human nature.

Bots exist in many types of markets. Shit ones are bought and used by average Joe's and incredibly advanced ones are build and used by massive hedge funds.

Price manipulation occurs because a lot of these bots buy and sell based off of others buying and selling trends & momentum. Therefore if the price of something were to drop by a handful of percent, the bots would sell (Depending on how shit they are, the shit ones sell regardless and the good ones try to sell at a profit).

Now, imagine hundreds of thousands of bots all selling because they are all coded in the same way, that means that actual people will see the price plummet and they will sell too. It works the other way too.

TheAlmightyDada said:

If you're asking why bots cause price manipulation, it's less to do with some wide bot conspiracy and more to do with human nature.

Bots exist in many types of markets. Shit ones are bought and used by average Joe's and incredibly advanced ones are build and used by massive hedge funds.

Price manipulation occurs because a lot of these bots buy and sell based off of others buying and selling trends & momentum. Therefore if the price of something were to drop by a handful of percent, the bots would sell (Depending on how shit they are, the shit ones sell regardless and the good ones try to sell at a profit).

Now, imagine hundreds of thousands of bots all selling because they are all coded in the same way, that means that actual people will see the price plummet and they will sell too. It works the other way too.

Click to expand...

This is full of info, and I really appreciate. Thanks