Hi Cryptorians
Today, I will write about the once-famous Royal Q, a cryptocurrency robot that trades using a martingale style of trading without the need for human intervention. It is just in the early stages of setup that some settings need to be made to make sure that the robot is trading well. It is actually third-party apps (downloadable from the App Store and Android Store), using API management with exchangers and trading on our behalf, trading 24/7 without stopping.
It had been almost two years since I joined Royal Q solely to focus on trading, not a single cent of which I made from affiliate marketing. Here is my honest review that says Royal Q Robot trading is not a scam:
a. Market downtrend since November 23. People who joined the Royal Q are mostly new to the crypto market an have little experience with it. The market is extremely volatile, with highs of 90% and lows of 90%. Due to inexperience in joining, when the market reached the ATH recorded on November 23, it was in a major downtrend. The people that mostly joined at the top, like myself, are experiencing major floating losses. Of course, people will blame Royal Q for their losses.
d. The robot is still perfectly working after two years. Even after the ups and downs of the trend and a major downtrend, the apps are still working perfectly as they are. The community is still there, the technical team is still there, and the support is still there, even after major losses, as most of the people staying understand the apps.
c. There are buy and sell transactions shown in exchanges, especially Binance Exchange. This is the major reason that I would say that the robot is not a scam. We can see directly on the Binance chart that the bot is doing the buy and sell. It is continuously doing so, even in the market's major downtrend. Of course, no human can do it better; it is impossible to always standby on a computer to do the continuous trade. Even if he is able to, the man will experience fatigue.
d. The profits are not consistent. We all know that "we need to run away if something is too good to be true". Yes, but for marketing purposes, most of the affiliates of Royal Q most of the time gave misleading information to the newcomers as they always said that they were on the profit all the time, which is gravely wrong. There is also the term "floating loss" that they must bear. You are not losing until you sell the positions.
e. The same situation happened to the crypto holder. As the crypto holder that has held the coins at ATH since November 2023, they will also suffer the same floating loss situations, as well as the heaviest because the martingale method used by Royal Q Trading will lower the floating loss cost, but somehow still can't cope with a heavy downtrend.
f. Our asset is safe in the exchanger. This is the most important thing. As our asset is safe in the exchanger, we just transfer small fees to the Royal Q bot to get it running, but, the bulk of our asset stays in the exchanger, as does our profit. With API binding, the restrictions applied are that Royal Q can't withdraw the asset and only be able to conduct transactions of buy and sell.
That's my take; I consider that the Royal Q robot is not a scam. But somehow, due to the market downtrend since November 2021, the people who joined it suffered high floating losses, up to 80% floating losses, due to the market's heavy downtrend.
The other angle of viewing it is that I do think even though there are already other robot trading platforms like Pionex and 3commas that have been around for quite some time, Royal Q has started a new era of robot trading in cryptocurrency that comes with affiliate marketing. Many more will start opening their eyes and making it better and better, of course much better than human traders.
That's all.
