The effectiveness of a bot also depends on the strategy used by the trader.  

A well-designed bot that follows a proven strategy can be effective in generating profits 

while a poorly designed bot that does not take market conditions into account can result in losses. 

The digital coin market’s turbulence is a crucial additional issue to take into account. 

The cryptocurrency market is well known for its high degree of unpredictability and volatility. 

While a well-designed bot can take advantage of these fluctuations and generate profits 

a poorly designed bot can suffer significant losses during market crashes and sudden price drops.