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Topic: Bitcoin Trading Bots while you sleep (Read 5395 times)

newbie
Activity: 420
Merit: 0
November 18, 2017, 07:04:27 PM
#64
I never trust bots, they just can't be smart as human ( except AI ). If you can't do it by yourself and want bots to do it ? Quit it please.
legendary
Activity: 2646
Merit: 1106
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November 18, 2017, 07:03:25 PM
#63
Bots were developed in such a manner to make a trade when the price of the particular asset goes beyond certain price point and make a buying when the price drop low to some extent. The same is not made after analyzing the market, but going through the series of data the bot does it. In my view exchanges itself providing such services, so bots were not that effective.
full member
Activity: 266
Merit: 110
November 18, 2017, 06:54:20 PM
#62
I use coinfloor. It's easy to use. It's reliable. So far iti has helped me to buy btc at some very good prices  Roll Eyes
newbie
Activity: 86
Merit: 0
November 17, 2017, 01:20:59 PM
#61
Alternatively, I use coinfloor where I could set buying and selling levels before I go to sleep everyday.
It's not as good as a functioning bot but I think the risk is considerably lower.
Good luck!

Seem there are not many supporters of bot trading. I am not expert yet, just trying to get into it. I didn't research much about coinfloor, is it something like cex.io (https://cex.io/)? I opened an account with them, but still haven't tried trading.
full member
Activity: 266
Merit: 110
November 15, 2017, 03:25:51 PM
#60
Alternatively, I use coinfloor where I could set buying and selling levels before I go to sleep everyday.
It's not as good as a functioning bot but I think the risk is considerably lower.
Good luck!
member
Activity: 84
Merit: 10
November 15, 2017, 03:05:22 PM
#59
Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?

I think it very essential for the people who are really busy with there work and really don't have enough time to do manual trading. Trading bot helps to earn additional lucrative capital.

full member
Activity: 322
Merit: 114
November 15, 2017, 02:53:34 PM
#58
I would not use a bot to trade for the simple fact of not being able to create my own one and not trusting one that someone else has created, I feel like a human will always perform better than a bot (a skillful human) and for that reason I would not try it.
sr. member
Activity: 714
Merit: 251
November 15, 2017, 02:12:48 PM
#57
Bitcoin trading bot is working based on any trading formula and it's not potential analyze the market so you should not believe bitcoin trading bot if you do not want to loss your money.
The Currency market that change so fast that you can not use a a certain strategy, the best you should manual trading than using a bot trading
I believe that choosing a herb system that replaces human attention does not have two potentials that a person has with close attention behind the grass of the exchange. Therefore, I believe that the trading bot does not have the potential that is needed for real trading and good profits.
member
Activity: 259
Merit: 10
November 15, 2017, 11:59:35 AM
#56
Bitcoin trading bot is working based on any trading formula and it's not potential analyze the market so you should not believe bitcoin trading bot if you do not want to loss your money.
The Currency market that change so fast that you can not use a a certain strategy, the best you should manual trading than using a bot trading
jr. member
Activity: 80
Merit: 1
November 15, 2017, 10:14:07 AM
#55
I wouldn't completely refuse manual trading and switch to the trading bot. Sure, there are many benefits like accuracy, lack of human error, but it is still not that intelligent and sensitive to sudden market changes. Or probably I am missing something about trading bots?
legendary
Activity: 1414
Merit: 1001
April 18, 2017, 08:26:25 PM
#54
Using bots seems like a good thing, because we can't sit 24 hours watching the chart and it can help us to trade when we are sleeping, but I prefer to used the old way, where I operate all thing by myself, I feel more confident and I can learn more thing by doing it myself, and we can analyze the situation before we decide to do the trade
yes I totally agree that the manual is the best way. so then we have the full powers in trading.
while if we are not free to use the bot when to sell and buy bitcoin.
legendary
Activity: 1666
Merit: 1001
April 18, 2017, 08:16:42 PM
#53
Using bots seems like a good thing, because we can't sit 24 hours watching the chart and it can help us to trade when we are sleeping, but I prefer to used the old way, where I operate all thing by myself, I feel more confident and I can learn more thing by doing it myself, and we can analyze the situation before we decide to do the trade
hero member
Activity: 756
Merit: 500
April 18, 2017, 05:59:05 PM
#52
~snipped~

Would you use a Bitcoin trading bot instead of you?


Bots main purpose is to execute your trades even your away at desk. But I only see trading bot as a useful tool when dealing to an asset that have a low volatility for a certain period time. In other words, close to stable price.

Price volatility in bitcoin especially in altcoin sometimes really goes crazy even for a duration of minute. Therefore, trading bot will just wrecked your trading stategy. Well unless you trust your set price as a wall price then up to you to proceed. In this kind of crypto price movement, I preferred to do manual traders than using bots most of the time.

Exactly once. The bot is not the right solution for trading, as the bot is only a tool to help speed up get fit we ordered without looking at what was going on. As well we run the bot that has been on setting, then the bot will only run in accordance with what we are commanded not to need it brings profit or loss, the main thing that bots do is already complying with the appropriate command
 
hero member
Activity: 1218
Merit: 557
April 18, 2017, 09:21:13 AM
#51
I would like to test for couple of days for sure to identify whether it is useful for me or not. Is it yielding me any result or not and how effective it is for the layman to use such bots. What is the difference I am getting being using bot which runs for 24 hours.
member
Activity: 98
Merit: 10
April 18, 2017, 06:46:26 AM
#50
Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?


For me, I preferred Manually because we all know that bots are part of our technology today and our tech today are mostly high tech and many people are expert in that. If we use some bots there are possibility that we will lose our money because of broken bots, bots that have issues and worst bots that are hacked. Many people will lose their money and that instances will cause them to fall down and become poor.

Better manual trading, because the bot can not so accurately assess the risks and it does not have intuition.
sr. member
Activity: 2002
Merit: 250
April 18, 2017, 05:40:01 AM
#49
Until now I have not used a bot in my trading and also have not consider for trading with a bot, I was more comfortable with the manual maybe someday I will considered it, when I think important and helpful then I would consider to use.
Me, too. because i am more comfortable trading manually, since bots not like people who can make decisions wisely. And trading with a bot also does not guarantee there will always profit, and an expensive price of bot tradingmakes me prefer trading manually, hehe. Better to use the funds for trading capital. Thank you
Same here. I haven't try trading with bots, although it has its advantage of course, like when you go to sleep or away from your laptop and desktop. But I would rather observe and see the trend in the market and make my own decision to sell or buy so that I can gain experience and learn more about the trading practice.

Bot will not apply permanently for a trading system that is constantly changing, I had to buy a license bot like this, even though they claim maintenance warranty and development, still bot ultimately be futile and useless, it is better if we buy the trading signals license, in addition to improving our skills, this signal makes us more flexibility to make choices.
sr. member
Activity: 882
Merit: 260
April 18, 2017, 04:41:56 AM
#48
Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?


For me, I preferred Manually because we all know that bots are part of our technology today and our tech today are mostly high tech and many people are expert in that. If we use some bots there are possibility that we will lose our money because of broken bots, bots that have issues and worst bots that are hacked. Many people will lose their money and that instances will cause them to fall down and become poor.
hero member
Activity: 2632
Merit: 833
April 18, 2017, 01:42:17 AM
#47
Until now I have not used a bot in my trading and also have not consider for trading with a bot, I was more comfortable with the manual maybe someday I will considered it, when I think important and helpful then I would consider to use.
Me, too. because i am more comfortable trading manually, since bots not like people who can make decisions wisely. And trading with a bot also does not guarantee there will always profit, and an expensive price of bot tradingmakes me prefer trading manually, hehe. Better to use the funds for trading capital. Thank you


Same here. I haven't try trading with bots, although it has its advantage of course, like when you go to sleep or away from your laptop and desktop. But I would rather observe and see the trend in the market and make my own decision to sell or buy so that I can gain experience and learn more about the trading practice.
wck
member
Activity: 70
Merit: 10
April 18, 2017, 01:21:45 AM
#46
Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?


OP will do the forum a whole lot of good if he can give out links to these FREE bot sites he mentioned.

That said, bots are called robots in Forex Trading and are auto-pilot driven devoid of emotion which is the killing point of trading, be it forex or crypto trading. So, I would say yes I will use a bot if I know it has a great result.

I agree that giving out the links to the bots with source is useful.   Personally I don't like bots I can't debug or modify.   I've written several of my own simple bots in the past.   While they did great, when a huge move occurred they often failed.   I think that is a real problem with bots in general.   I found BTC too prone to sudden moves to really be that profitable with simple trading strategies. 
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
April 18, 2017, 01:01:54 AM
#45
Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?


OP will do the forum a whole lot of good if he can give out links to these FREE bot sites he mentioned.

That said, bots are called robots in Forex Trading and are auto-pilot driven devoid of emotion which is the killing point of trading, be it forex or crypto trading. So, I would say yes I will use a bot if I know it has a great result.
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