of course... trading bots really generate profits but trading bots alone won't be enough to give you a big profit, you also need short network ping, and accurate crypto signals, these three things complement each other and need each other, profit in trading is very easy if we know the recipe and trading bot is one of the recipes... movements of Bitcoin price are very fast, making many traders rely on trading bots when trading.
Topic: Do crypto trading bots really generate profits? - page 10. (Read 3176 times)
Bots are used by absolutely all traders.They work according to the specified parameters.They can be managed through the API.There are 2 types of bots:trading and arbitrage.Accordingly, the trading bot trades only on one exchange and arbitrage bot trading within several exchanges.There are simple bots that support several parameters and there are bots that can be configured in detail(respectively, to get the most profit).If You are new to crypto then you should not start your way as a trader with buying a bot.Initially, study the entire market and manually try to trade on any exchange and only then you can buy a bot.Otherwise,just following someone else's strategy (in any case, it will be someone else's strategy because of Your ignorance of the bot) You just lose your money.
As far as i have experienced they make profit in relatively slow or ranging market only during high volatility they make loss trades and in the end investor has to either switch it off or loose all his money, so personally im not a fan of bots.
I have used bot to trade once and I couldn't tell the story. Bot can only generate profit for one who kows how to use the bot well. For me it's a no no. What I don't understand is how the bots are used in some exchanges. It still baffles me.
As far as I know, bots are used by exchanges to generate fake volumes. There's a fact that many trash exchanges have bigger volumes than Binance. This is done with the help of bots. In case of users using bots as you said, it probably generate profits but less likely ro be popular, because that bots mainly works on signals and signals are can be faked.
Trading bots?
They are just tools to automate your trades which means you are still the one who would set it up and run it according into your command so it doesn't make
any difference compared on manual trades yet this do just automates.Most newbie mindsets do believe that these bots can give out profits on theirselves without doing something which is very wrong.
They are just tools to automate your trades which means you are still the one who would set it up and run it according into your command so it doesn't make
any difference compared on manual trades yet this do just automates.Most newbie mindsets do believe that these bots can give out profits on theirselves without doing something which is very wrong.
If crypto bots can make us successful in trading then we can be a millionaire by now,so the reality of using the trading bots is to minimize our efforts but doesn't mean that it will make us 100% success on all trades.
As far as I know, bots are used by exchanges to generate fake volumes. There's a fact that many trash exchanges have bigger volumes than Binance. This is done with the help of bots. In case of users using bots as you said, it probably generate profits but less likely ro be popular, because that bots mainly works on signals and signals are can be faked.
Well, you are right but the bots you are talking about are a different kind of bots, they are there for creating liquidity. This one is different because it is there for you, and you only. In other words, you let the bot do the trading for you, and the bot AI does not act emotionally. I do not know about you, but I am distracted by my emotions and I tend to sell something if I panic. A trading bot does not do that. I registered and I am curious how the platform is going to perform, so I will be happy to hear other technical thoughts.
As far as i have experienced they make profit in relatively slow or ranging market only during high volatility they make loss trades and in the end investor has to either switch it off or loose all his money, so personally im not a fan of bots.
It definitely looks good since it has a leaderboard in where we can copy the successful ones which can help us that are still noobies in trading. It's still a bit new but worth giving a try.
Trading bots are used to scalp profits on TONS of trades, and ads a ton of volume to whichever coin you decide to use it on.
The bigger exchanges has a LOT of wash trading due to this, and it wouldn't surprise me if we see these bots operating on DEX solutions in the future.
The biggest obstacle is the speed of DEX's that are currently running though, as you need to wait for confirmations if using Komodos Atomic DEX (Which uses atomic swaps).
Stakenet's Lightning DEX will run on lightning though, which makes it possible to trade instantly and with low fees. So honestly? Wouldn't surprise me to see trading bots using it to their advantage, lol.
You can make a lot of profits using trading bots, but typically, you need to pay a good sum of money for a decent one.
The bigger exchanges has a LOT of wash trading due to this, and it wouldn't surprise me if we see these bots operating on DEX solutions in the future.
The biggest obstacle is the speed of DEX's that are currently running though, as you need to wait for confirmations if using Komodos Atomic DEX (Which uses atomic swaps).
Stakenet's Lightning DEX will run on lightning though, which makes it possible to trade instantly and with low fees. So honestly? Wouldn't surprise me to see trading bots using it to their advantage, lol.
You can make a lot of profits using trading bots, but typically, you need to pay a good sum of money for a decent one.
It really depends on how the traders are building strategies while trading. It depends on the taste of trader whether they are technical traders or fundamental and according to my experience if a bot or tool says that they can outperform the market, you need to stay away from that. No one can outperform the market in the long term, and yes trading tools can help build strategies to make informed decisions. Recently one of my friends suggested a trading tool named SmartBotCoin.
I haven't used this tool and am not familiar with this so I researched and found the features on their website look good. But as a trader, my main focus is to maximize my trading portfolio so I usually like to be sure before using a product/service. Crypto is a once in a lifetime opportunity so I am very cautious before using any product/service that is related to trading/investments. Do you think it's worth trading on this tool?
I haven't used this tool and am not familiar with this so I researched and found the features on their website look good. But as a trader, my main focus is to maximize my trading portfolio so I usually like to be sure before using a product/service. Crypto is a once in a lifetime opportunity so I am very cautious before using any product/service that is related to trading/investments. Do you think it's worth trading on this tool?
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