My UpBots Journey #2: CN
Welcome to our interview series “My UpBots Journey!” This series of short interviews is about showing the different perspectives of traders currently using the UpBots platform.
We understand that beginners to crypto trading may feel hesitant to start trading with a bot. Through these interviews, we hope to showcase the pros and cons of trading with bots and let you see what real people have to say about their experiences.
In this interview, we hosted one of the most active UpBots community members that also use trading bots, CN.
Let’s meet CN!
How did you get started in crypto?
Like many other investors, I joined this space in 2017 when BTC reached 20k for the first time and everyone talked about it. It may be considered late to enter on those days but patience pays off in crypto.
Did you make many mistakes you later regretted?
I found out about trading right after I learned about crypto. Making profits through trading a financial instrument means you need to spend a lot of time and because of the time you need to watch the market, trading in discipline, waiting for the right setup to enter and make a profit will take up most of your time and to be honest I am not good at trading.
What was it about UpBots that helped you decide to try trading with bots?
I think that UpBots was the first platform I’ve ever used in terms of bot trading. In the past I was involved in some Telegram channels where people tried to sell you trading bots but, you know, when anonymous people are behind those bots instead of a big company then it is hard to trust them. When I learned about UpBots and its IEO stage, then I decided to give UpBots a try.
Has using trading bots had any impact on your life or lifestyle?
Trading bots on UpBots totally have changed my life in terms of saving time. Before I mentioned I am not good at trading. Also, I do not have enough time to learn more about trading, but now trading bots that I activated on UpBots are taking care of trading for me while I am enjoying whatever I want to do.
How do crypto trading bots fit into your overall investment/trading strategy?
Like other crypto investors or traders, I am here to make money and I know investing in long-term projects is also a good strategy so I diversified my portfolio for trading bots and long-term investments. Also, another UpBots feature that I would like to add to my portfolio management strategy is Copy Trading, even though it is still in the development stage I trust the UpBots team to deliver a solid feature since I have been seeing how the team delivers what they promise.
What do you say the main benefits of using a trading bot are for investors?
Trading an asset is all about decision-making and knowing particular trading patterns. It does not matter how experienced you are, when you are in a trade, mostly your emotions control your decisions that will make you act unreasonable sometimes. So taking emotions off the equation by using trading bots makes your life less stressful while it allows you to spend your time however you want.
What would you say to someone else who was still on the fence about trying a trading bot?
Algorithmic trading a.k.a. trading bots are not that common compared to traditional trading. It is understandable that people who have not experienced using trading bots can be skeptical about it. I was too, but based on my experience using trading bots on the UpBots platform, I can tell them, “If you are still hesitant about using a trading bot, please use UpBots at least once, it will completely change your mind.”
Having seen the personal experiences of UpBots users are you prepared to start your own trading bot journey?
Take your first step by getting started on UpBots.