Crypto Grid trading bots. Are they worth it? Please sure your experience

[CryptoboyRamesh]

I have noticed that almost all popular crypto exchanges have an option from a grid bot, which also includes copy trading from other successful grid bots. Daily and weekly rankings show grid bots that have been performing so well and from which traders can copy from, but I have personally never created any.

Which begs the question, Can someone actually gain some meaningful profits using the grid bots?
What are the disadvantages?

[Review_Master2]

There is no easy going profit, so most people who copy others' experiences will end up failing, but the system as a whole will still work out of greed.
These trades continue because they are profitable for the platform, and when losses occur, the second party (not the platform) is the one who bears the problem, and these people can also pay money to the platform and so on.

[indianCrypto]

How much data/time do these ranking go off? Some strategies work for a certain amount of time and then fail.

Most strategies that you come.up with that are successful will only work until enough other people find them or they get a lot of volume/volatility behind them so the market changes.

I'd guess these get listed as doing well as they might've worked for some time in the past but they're still likely gambling and are likely impossible to predict.

[WarrenBevan]

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