altcoin trading bots are profitable? - page 2.

Ichijou025

newbie

Activity: 29

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Quote from: freebitcoins4u on April 20, 2017, 01:28:11 PM

hello,

is it worth to invest in automatic trading bot for trading altcoins at exchange sites?

thanks

You should reconsider using bots because bots aren't that reliable and risky, stick to manual to ensure that you get profit and less risky.But the decision is not mine,im just suggesting so goodluck to you. PEACE

bluefirecorp

legendary

Activity: 882

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Quote from: a7594li on May 14, 2017, 07:13:13 AM

Are there any good bots，
I want to buy a source code

I doubt that they will sell you their codes. I am not sure the trading bots are coming with open source so that you can modify their coding as per your requirements.

There are two bots are highly suggested by this community : CAT and gunbots. But I am preferring trading by my own analysis. So I am not recommending to you anything. But you can try them at your own responsibilities.

a7594li

hero member

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Are there any good bots，
I want to buy a source code

gabmen

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I think these bots are pretty expensive at time and if you're just starting to trade, it would still be better to do it manually to have a real feel of how trading works. Also if you have a day job and won't be able to look into your trades, then having a bot to do it for you would be helpful

kidoseagle0312

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Quote from: freebitcoins4u on April 20, 2017, 01:28:11 PM

hello,

is it worth to invest in automatic trading bot for trading altcoins at exchange sites?

thanks

I don't think that trading bot is profitable, because it cannot guaranteed you to give enough earnings. Because if it is really gives profit perhaps all traders in any exchange plaform will not work hard for it in doing trade if trading is really a good one to give us profit. But no! it means most traders like to do actual trade than using bot in the platform.

voltesbit777

sr. member

Activity: 910

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Quote from: freebitcoins4u on April 20, 2017, 01:28:11 PM

hello,

is it worth to invest in automatic trading bot for trading altcoins at exchange sites?

thanks

No for me, Because if this is true for sure all traders will be dependent on this things they just set it up then wait for their profit.
But that's not what's happening, it is still good and much better to do trade manually than using bot in trading.

kidoseagle0312

hero member

Activity: 1092

Merit: 500

Quote from: freebitcoins4u on April 20, 2017, 01:28:11 PM

hello,

is it worth to invest in automatic trading bot for trading altcoins at exchange sites?

thanks

I don't think that trading bot for altcoins are profitable. It is not still profitable instead much better to do trade manually, It may only give profit but not enough earnings for sure.

machinek20

hero member

Activity: 840

Merit: 501

I think you need to be very experienced trader to used bot for trading, it can be profitable if you know how to used it, but it wont give you full exeperience of trading and sometimes the prices can go higher but because you are using bot you wont reach that point, so bot can limit your profit

abdulaziz07

sr. member

Activity: 504

Merit: 250

There are many trading bots available, but i would prefer Gunbot or CAT

abhinav703

member

Activity: 137

Merit: 10

Using bot can be profitable but They run on a very basic code check charts and make a prediction which can go wrong and if it go wrong it won't learn from its mistake where you will and learn better which can bring more profit

blackhawkeye1912

sr. member

Activity: 784

Merit: 250

Quote from: freebitcoins4u on April 20, 2017, 01:28:11 PM

hello,

is it worth to invest in automatic trading bot for trading altcoins at exchange sites?

thanks

Using bot actually, is not guaranteed that it can give a enough earnings of bitcoin, And as far as I know, it is just give an idea or options in way of earnings in trading. Or in some other reason, there are traders using it for they want profit in trading on 24 hours and they can do that by using bot, I think.

Jasad

legendary

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= jasad =

Quote from: Apened on April 26, 2017, 01:13:53 AM

I think yes ,if that trading bot is reliable and have assurancr to make you profit .but it is much better to trade with yourself ,although bots have no emotions and a big difference for you is to learn skills to make your own miney not depending in a robot or any machine .

as long as the source come from a professional trader and programmer ,
then i can assume it has been formulated to get profit ,
it won't have a low price for this kind bot ,
otherwise the bot just running without having a certain program to get profit.

michkima

hero member

Activity: 896

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Quote from: Malsetid on April 26, 2017, 10:30:31 AM

Quote from: GMPoison on April 26, 2017, 07:40:56 AM

I really don't think there is a need. Most of us are crypto enthusiasts so we understand the market, how to analyze the price of a coin, where to read up on news about it, etc. I've never traded a day in my life and this is probably beginners luck but I've turned 0.2BTC into 0.3BTC trading TORCoin and Litecoin yesterday. I don't know about you but that's a lot of money for me, lol!

Trading bits are for traders who don't really have much time to really observe the market. It's quite expensive thoughbif you're going to buy a software. Also sometimes people get lazy so instead of studying the movement themselves, they resort to these kinds of applications and software

From what I heard from some of the people how bought these kinds of bots is that they are saying it is quite effective and it does profit them. But I don't think it does, as there is quite a lot of things you should know of in trading that a bot can never ever imitate a good trader as it just executes some strategy that it has been preset.

Malsetid

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Quote from: GMPoison on April 26, 2017, 07:40:56 AM

I really don't think there is a need. Most of us are crypto enthusiasts so we understand the market, how to analyze the price of a coin, where to read up on news about it, etc. I've never traded a day in my life and this is probably beginners luck but I've turned 0.2BTC into 0.3BTC trading TORCoin and Litecoin yesterday. I don't know about you but that's a lot of money for me, lol!

Trading bits are for traders who don't really have much time to really observe the market. It's quite expensive thoughbif you're going to buy a software. Also sometimes people get lazy so instead of studying the movement themselves, they resort to these kinds of applications and software

GMPoison

sr. member

Activity: 434

Merit: 250

I really don't think there is a need. Most of us are crypto enthusiasts so we understand the market, how to analyze the price of a coin, where to read up on news about it, etc. I've never traded a day in my life and this is probably beginners luck but I've turned 0.2BTC into 0.3BTC trading TORCoin and Litecoin yesterday. I don't know about you but that's a lot of money for me, lol!

mexicantarget

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Activity: 1652

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Cypherpunk (& cyberpunk)

Quote from: freebitcoins4u on April 20, 2017, 01:28:11 PM

hello,

is it worth to invest in automatic trading bot for trading altcoins at exchange sites?

thanks

They can be very profitable if you

Understand technical analysis
Not being afraid to lose a percentage of coins and manually dump at the bottom.
Have settings that are more unique than other bot users
Have luck in bullish markets

CryptoCopper

newbie

Activity: 53

Merit: 0

on the classic markets bots are doing about 50% of all trade deals, I think here is the same situation.

Apened

hero member

Activity: 1386

Merit: 504

I think yes ,if that trading bot is reliable and have assurancr to make you profit .but it is much better to trade with yourself ,although bots have no emotions and a big difference for you is to learn skills to make your own miney not depending in a robot or any machine .

pooya87

legendary

Activity: 3472

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Quote from: Pattberry on April 25, 2017, 10:25:23 PM

Quote from: nasipadang on April 22, 2017, 12:55:10 AM

Bots only help us to make it easier if we do not have free time the profits or not it's depend how we predict the price. It's better to trading on your own than bot's investment

Bots cannot predict the market ,all they can do is to follow the price movement and the question everyone will be asking is ,can i make a good profit with bot,it is possible to make money with the help of a bot if there is a bull market and it is not conducive to a bear market,so you have to be careful with how you are using the bot.

a bot is supposed to do what you can't do on your own easily not what you can not do at all. this is a common misunderstanding that people think a bot is supposed to have artificial intelligence and make decisions for them

a bot is just a code that does things easier and faster and also in some cases 24/7. for example for stop loss you can not sit there and watch the market all day long. you place a stop loss in your bot and it executes the order if price fell below what you want.

uneng

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Quote from: Pattberry on April 25, 2017, 10:25:23 PM

Quote from: nasipadang on April 22, 2017, 12:55:10 AM

Bots only help us to make it easier if we do not have free time the profits or not it's depend how we predict the price. It's better to trading on your own than bot's investment

Bots cannot predict the market ,all they can do is to follow the price movement and the question everyone will be asking is ,can i make a good profit with bot,it is possible to make money with the help of a bot if there is a bull market and it is not conducive to a bear market,so you have to be careful with how you are using the bot.

The worse part is that bots doesn't have emotions, they will lose all your money if necessary on wrong losses. A bot can't substitute a man with the currently technology we have today, at least the technology common persons have.
Trade must be done manually like any other risky activity involving too much money.

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