Cryptocurrencies are known for being incredibly volatile, with prices fluctuating dramatically even in the space of minutes. Investors also have the opportunity to take part in cryptocurrency trading around the world and at any hour of the day. Combined, these factors limit the effectiveness of human cryptocurrency trading in several ways.
Investors can simply not dedicate as much time to the cryptocurrency markets as necessary to always achieve the best trades. Doing so would require round-the-clock monitoring of cryptocurrency exchanges all over the globe.
Fortunately for many investors, there are solutions to these issues. One of the primary solutions is bots, or automated tools that conduct trades and execute transactions on the behalf of human investors.