What is a bitcoin bot & how does it work?
Could you please elaborate on the concept of a Bitcoin bot and its operational mechanisms? Specifically, I'm interested in understanding how these bots function within the cryptocurrency market, what their primary functions are, and how they can potentially assist traders in making informed decisions. Are they primarily used for automated trading or do they have other applications? Additionally, I'd like to know about the potential risks and limitations associated with using Bitcoin bots, as well as any regulatory considerations that traders should be aware of.