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Topic: Bot or not? - page 2. (Read 3137 times)

jr. member
Activity: 187
Merit: 5
August 18, 2018, 04:37:04 PM
#55
 Trading bots aren’t inherently profitable. Instead, the success of a bot depends on several factors ranging from the accuracy of the software to the quality of your strategy. However, A bot trading can be insanely useful in the 24/7 global market which is cryptocurrency, as no human can react to the market 24/7. However, there is a lot that can go wrong, and it takes a good chunk of time, experience, and knowledge to get to the point where you are using a trading bot confidently, with fail-safes built in, and with success. If you are starting out at square 1, tread very carefully and only give the bot access to small amounts of capital
newbie
Activity: 95
Merit: 0
August 18, 2018, 03:13:38 PM
#54
I believe that a bot is a waste of time and money. All bots are created in order to lure you out of money. And why should he have your money if he has such a profitable bot.
sr. member
Activity: 699
Merit: 438
August 18, 2018, 01:43:16 PM
#53
You can use bot because they are still helpful and useful to the investors by giving a free coins or tokens by dealing with their conditions or what and at the same time they are also trusted business.
sr. member
Activity: 700
Merit: 300
August 15, 2018, 01:05:11 PM
#52
Its not predictable that bots will always be good at what they are programmed for. Many of the bots are in working mode with some success but even bots are not 100% success. The scams and illegitimacy is part of the people creating scripts for screwing others and stuff like that. But if you look at some of the greatest bot ever created like Gunbot then you start believing that there is something in them and they can profit you a lot. But I would recommend you personally that you should not try out the bots because they are not 100% perfect. No matter what but manual trading is far effective than them.
member
Activity: 173
Merit: 10
cave canem!
August 15, 2018, 01:02:45 PM
#51
Hello,
I am reading everywhere that most of the trading bots are scam. Is that true? Is there somwhere any real bot which can be really profitable and should you have deep knowledge in trading and trading platforms to use it ?
Thank you all!
BR
Probably most of trading bots are directed to catch your passwords and fish your information, so you would not be really careful with those because scamish people are so much diversified right now.
member
Activity: 364
Merit: 11
August 15, 2018, 12:58:35 PM
#50
Actually it depends to the situation because if the bot is trusted in this field of business to the public and have good feedbacks then it is okay to use this as an opportunity we must grab of.
member
Activity: 255
Merit: 10
August 15, 2018, 10:22:35 AM
#49
Hello,
I am reading everywhere that most of the trading bots are scam. Is that true? Is there somwhere any real bot which can be really profitable and should you have deep knowledge in trading and trading platforms to use it ?
Thank you all!
BR

I myself believe in the ability I have for trading because all controls are under our control. By studying TA we will be able to generate greater profits. believe in your strength.
member
Activity: 363
Merit: 10
August 15, 2018, 09:32:11 AM
#48
I think that bot can be more secure than self-trading but profit will be very low. In addition, if you do not pay attention to the risk of high account fire
sr. member
Activity: 1316
Merit: 356
August 15, 2018, 08:35:43 AM
#47
Hello,
I am reading everywhere that most of the trading bots are scam. Is that true? Is there somwhere any real bot which can be really profitable and should you have deep knowledge in trading and trading platforms to use it ?
Thank you all!
BR
Maybe there are some bots are scam. But mostly the reason of being lose with bots are because of the wrong timing of bots that when you set up to buy at the 10% dump then the price will not rise as you expected. I'm not discouraging you to use bot but honestly bots are for the investor or a trader who have a lot of money so that they can afford to lose if its happen.
member
Activity: 322
Merit: 12
August 15, 2018, 08:20:57 AM
#46
In my opinion, Bots exist to automate things for us, but there is always a large part of the work we have to do. I have used bots with external trading signals. There are other arbitrations and we can investigate because robots work much better when arbitrating.
full member
Activity: 308
Merit: 101
August 15, 2018, 05:13:34 AM
#45
It is needed but does not matter much if it is open source, I must understand the code and even develop it, if not I don't use it.
sr. member
Activity: 938
Merit: 266
August 15, 2018, 04:57:06 AM
#44
Hello,
I am reading everywhere that most of the trading bots are scam. Is that true? Is there somwhere any real bot which can be really profitable and should you have deep knowledge in trading and trading platforms to use it ?
Thank you all!
BR

there are plenty of bots that are scam.  that means people are promising you to earn this much money from their bot but in the end you will lose money.  but on the other hand, there are bots that will perform nicely over normal trading days, wherein you will gain around 1-3% daily, which is not bad for daily income.  but if you want to earn >10% daily, then bots is not definitely for you.  on erratic days where coins are rising and falling in spikes, bots cannot perform as desired, which will cost us.

i think trading bots are not that as intelligent as chess bots.
member
Activity: 378
Merit: 13
August 15, 2018, 04:29:57 AM
#43
Don't use BOT, because BOT is also man-made.
The bot does not have a conscience, more trading cryptocurrency with your feelings, so that we can learn to be grateful and not greedy.

Thanks
.....
Isn't that supposed to be the idea in the first place? No conscience, just play by the rules. I do not use bots, but I do not see any problem with using bots, since they trade the market 247 anyway and they just play by how they have been programmed. Sometimes though, there are some times as humans you may want to be using your discretion before entering a trade, which is one thing bots can never have.
jr. member
Activity: 224
Merit: 1
August 15, 2018, 04:12:33 AM
#42
Hello,
I am reading everywhere that most of the trading bots are scam. Is that true? Is there somwhere any real bot which can be really profitable and should you have deep knowledge in trading and trading platforms to use it ?
Thank you all!
BR

If you are planning to use trading bot, for me it is not good idea because not all the trading bot can monitor the prices in the market if others are saying that they can monitor, yes they can but they cannot monitor it for 24/7 so do not depend on the trading bot and not all the work of the trader can do by the bot. So for me I do not agree and suggest the bot.
sr. member
Activity: 588
Merit: 250
August 14, 2018, 08:36:08 PM
#41
Don't use BOT, because BOT is also man-made.
The bot does not have a conscience, more trading cryptocurrency with your feelings, so that we can learn to be grateful and not greedy.

Thanks
.....
full member
Activity: 420
Merit: 103
May 29, 2018, 07:22:59 AM
#40
If trading bots really brought good profits, think only, now I think we would all be multimillionaires. It is better to trade yourself without bots.
member
Activity: 174
Merit: 10
May 28, 2018, 01:10:47 PM
#39
Bot are there to automate things for you, but there is always the big part of work is on you to do. I have used a bot with external trading signals which turn to be not bad after all.
full member
Activity: 504
Merit: 101
May 28, 2018, 12:36:45 PM
#38
I don't know so far now, but if ever I would do it in myself first before doing a bot, I will make sure that I can do it myself when I do have much time, but since I'm quite busy at work I still won't have it, in time if I am already convinced that it is profitable.
full member
Activity: 487
Merit: 115
May 28, 2018, 12:19:35 PM
#37
I would use it if there was a good trade-bot nowadays. I don't recommend to use bots for now.
hero member
Activity: 2842
Merit: 772
May 26, 2018, 05:11:48 PM
#36
Nah, I much prefer using my own guts and instinct instead of those trading bots. And there was one exploit on bots as well that tried to hacked some users using it in Binance however, they are not successful and they eventually lost money in the end. So just beware that bots can be really used as a tool to hack.

But there are people who claims that they are made a lot of profits using trading bot. Maybe there are the developer of the bot or they are really that good that they know what the bot can react on market situations. But personally, I haven't used any on my years of trading.
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