Do crypto trading bots really generate profits? - page 6.

klaaas

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Quote from: JeffBrad12 on August 01, 2019, 06:17:58 AM

How profitable bot depends on the user itself because that used the input that already made by the users.
The users must use the technical analysis to determine the possibility of where will be the market direction.
This is the difficult part when you are using trading bot.

The tool the op mentioned is more then a trade bot alone. It is a service to manage and control your coins on a exchange with the option to use it as a automated/manual bot. The problem here is the middleman, open source would make this great.

ali115112

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As you can see crypto bots working almost in every exchange except for some big exchanges so you can get profit but not 100% from crypto bots.

rdewilde

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Well yes, bot helps traders to make profit but it depends on the type and features it has. There are many bot that can't be used efficiently and will only end up giving losses instead of profits. Like the one you mentioned, I will check it out and know more. Thanks for sharing though.

Msworld83

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StableDex | Decentralized, Secure & Cost Effective

There is noting that has advantage that doesn't have disadvantage most especially the not of a thing that anything could happen when using them but the major aspect of using them is to maintain a particular profit which can also turn around to be lost , so I still kind of prefer stop limit than the not .

KimmyF

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Trading bots could work when cryptocurrency market is keep climbing, price increase and bots earn profits. Dumped market bots also earn, it's low profits like only token will increase during trade dump market.

Mehr Sher

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I don’t really prefer trading with bots at all. I feel it’s much better and beneficial to go for manual approach. However, if you are really determined I will say be very selective with Crypto Trading Bots, as majority are not good enough to use. I prefer going for my own way of trading. As I feel eventually if you are to get real kind of success, it has to be through manual trading only. You can gain temporary via bots, but not permanently.

Google+

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Leading Crypto Sports Betting & Casino Platform

so far I have not traded using bots because it will only make assets that I have at high risk because the security of bots is not guaranteed, but I see some people dare to use bots and get a lot of benefits, but I still will not use bots to trade prefer manually.

Kanda Yu

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Quote from: scottii on July 29, 2019, 12:16:16 PM

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?

Personally, I heard a lot of bad comments about the trading bot, they all have a negative connotation on it but for my own understanding bots are meant to automated our trade since we cannot manage it all the time. So basically, trading bots are will only generate depending on how will you set it into your ideal strategies. Now regarding on Smartbotcoin, compared to other trading bots I've seen this one is more interesting due to the fact you can link all of your exchanges present in the platform.

adzino

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Quote from: scottii on July 29, 2019, 12:16:16 PM

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 never used a trading bot and never heard of smart bot coin. I would suggest people to be careful when using such bot. Take more caution if you will have to download anything as those software might infect your computer. Always try to use an open source bot.
There is no difference between a bot generating a profit or a human doing it. All bot does is make everything automated. You may still suffer loss when using a bot.

rickyNmorty

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Quote from: scottii on July 29, 2019, 12:16:16 PM

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 am also a trader and it's my first time using a trading bot just like you said which is the SmartBotCoin, and it helps me a lot in every trade that I make. So I highly suggest trading bot for newbie in trading just like me. But be careful on some scam bot so I highly suggest using SmartBotCoin which is a trusted one.

Turkish88

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You can write your won bot, at minimum you need to read how this bots work, then all your questions have answers.
Bots work on algorithms create yor own and then maybe they generate profit, free bots on network very simple and have minimal features

drumamat

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Quote from: StreakW on July 29, 2019, 06:32:57 PM

If bot not generates profits, of course people will leave it, but bot do, it generate profits to traders and i think so many traders using it. But bot is expensive, for people like me i prefer to choose coin to hold long term than buy bot. Because my trading skill is bad also i dont have much money to buy bot, so the solution is buy the coins and hold it, we can do it without bot

In the world of crypto-currencies, you should not be in one place and not develop.Today there are a lot of crypto-currency exchanges.Why do you think that is?Because exchanges have a lot of money for the commission.Crypto-currency trading bots can help You earn a decent amount and they will absolutely not prevent You from following the hodl strategy.

Pecunia non olet

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I tried many crypto trading bots like Cryptohopper or 3commas. But they do not offer complete trading solution, I like SmartBotCoin, it is something like eToro - social trading platform but focused only on cryptocurrencies.

mirgo1791

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i am working with customs of bot to trade on crypto and binary and gains with chance on collection as trader might work on customs with spares of resource on distribution to manage of plan on investment with the bitcoin trading and the betting.

campusnet

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Quote from: wenwen on July 31, 2019, 12:39:58 AM

I think that in the crypto industry you should not trust third-party developers. Moreover, this program can very easily manage your finances.

yes, it won't be good for managing our investment. even I can say it is a big risk of manipulation and we will feel a loss.

Denongels

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I am not an expert in using bots but it seems that it depends on how to trade if we incorrectly set the bot maybe the results will make the portfolio drastically reduced and at this time I have not tried using a bot because finding a good setting is still difficult but my colleague offered to help use bot from bituniverse (grid bot) but I reject it.

jackblacksparrow

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Never trust my money to the bots, especially for trading, because it's very easy to lose, and if you do, it's at your own risk.

max6575

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to work on extensive as referring less on spares as decision to work on release with resource on possession and collects as gathering nominal of profit with the end of terms.

South Park

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Quote from: scottii on July 29, 2019, 12:16:16 PM

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?

You say that no tool or bot can outperform the market and yet you are a trader, why is that? The truth is there are some traders that can outperform the market but you need the right strategy, if you have that strategy already then then only step left is to create a bot that can trade like you, so in theory a bot can outperform the market and the best part is that the bot will never get tired or make a mistake, however many of the people looking to buy bots do not have a winning strategy and will lose their money at an even faster pace.

jsizar

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They are generating profit but only if you are lucky

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