They are generating profit but only if you are lucky
it's like gambling that pits your luck. can it be fortunate to lose too. but be careful with manipulation. manipulation is very possible.
Topic: Do crypto trading bots really generate profits? - page 7. (Read 3176 times)
I think to use this this bots is you need to pay them too. My friend who uses bots for trading says that he really earn some profits. Just learn about the process first before using bots.
They are generating profit but only if you are lucky
it's like gambling that pits your luck. can it be fortunate to lose too. but be careful with manipulation. manipulation is very possible. 
I don't believe in all these bots, they show you fake volumes that are not real and so I see it as a way to defraud people and not generate any profit. I will rather stay very far away from them
It looks like you never use a trusted bot trading tool and you just accused it like you have used that so many times. it will not show volumes because the BOT used API that connected to the exchange site and BOT was only getting the data from there, dude. So many people have made their own testimony and how can you deny that if you are never trying to use it? 
I don't really know about smartbotcoin tool mentioned in this context, but the use of trading tools generally depends on the uniqueness and also the trader using it. Do not just pay for a tool without having knowledge or doing some deep research about it, it's an easy way to lose money if you are not careful. Well, trading bots aid but not 100% as you may know.
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.
Yes, I definitely agree, especially for the newbies in this industry since it's automation, you still have the power to set up trading on your end.
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?
Trading bots does not guarantee profits it just make trading easy but these bots are also on of the big reason of account hack because dev of these bots add backdoors to hack the accounts, even exchanges. i will never suggest anyone to trust bots. instead learn some TA
In my opinion, the use of the trading bot is to ease the users in trading, to make more effective time, read the market updates, and also see the prospects. It will be able to help the traders to make a fast decision and know the latest updates. The advantages of the trading bots that will work or not will depend on the system itself, if it can work well, it will probably give us profits and help us ease to earn money.
I prefer using bots or any other trading software only as some sort of support programs, indicators and data analysers. You can't just set up some program or give money to some website and expect good results without taking part in the process. Imho.
I don't believe in all these bots, they show you fake volumes that are not real and so I see it as a way to defraud people and not generate any profit. I will rather stay very far away from them
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?
I think bots can't make as good a profit as people with their own graph analysis technique. I have used bituniverse, it is also a bot, but in comments it is also suspicious if the price drops sharply compared to its ratio. It will hold the coin that was previously purchased
I do not trust bots, because I cannot know what is contained in the program code and whether the bot can steal your money or not. I'd rather trade myself than expose myself to such risks.
If you write and configure such a program yourself, then it is quite possible that it will be able to bring you a profit.
If you write and configure such a program yourself, then it is quite possible that it will be able to bring you a profit.
Even though it is called BOT, still without the contribution of the user manually too, it can never be completely perfect, I have used BOT before when BOT developers were still real and not full of lies, it is just like the way ICO first came out, but we can see what it has been turned to now ,this is the same way scammers has taken charge of bot and using it also as a means to have access into people’s trade and account to be able to manipulate it, so most of the BOTS we have right now , are just full of malwares.
Therefore, I would not really advice you to use any BOT service or else, you may get what you did not bargain for. For me, it is better you even trade with your God given brain than to consider bot that is not being developed to trade half way for you and then use the remaining half to steal your money.
Therefore, I would not really advice you to use any BOT service or else, you may get what you did not bargain for. For me, it is better you even trade with your God given brain than to consider bot that is not being developed to trade half way for you and then use the remaining half to steal your money.
Do you think it's worth trading on this tool?
Like you said, a TOOL.
What does a certain tool do? To help people makes life easier. In trading, bots will do the work for you in terms of execution of your orders.
Even while you sleep, away from the desk, currently on other chores; it will follow your command. Therefore, a profit will still depend on how the markets behave.
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
No setting up is not always needed like Bitrage from gunbot as example. About the manual vs automated, the speed of the calculations and the speed a bot can do trades cant be matched by manual trading.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
I am not familiar with trading bots, because I tried to use one and it did not bring me any benefits. Moreover, I am pretty suspicious about providing your API keys to a third party, because there are too much scams around us.
Some people are skeptical about trusting bots in this industry but I think bots are needed more right now because not all the times we can monitor everything happening in the trade. Plus side, the bots are great to hype the market. It's true that it can be used as leverage and a "cheat" but there is really strength in numbers. For the platform of the SBC, I like its idea to include all the features and services that multiple sites have. The site itself looks pleasing in my eyes and it have tutorial videos and some helpful tips to ensure the security of the trade.
There are many exchanges at the moment, offers bot trading. As you mentioned, technically of fundamentally analyzing, it mentions about the % of profit it can generate. I have never used bots till now for trading(may be I do not have enough knowledge on that), but sometimes feel to use such services.
I think its better we should avoid using bot strategies.
I think its better we should avoid using bot strategies.
All free bots or even almost all paid trading bots bring only one loss and you shouldn’t believe in it at all, I think that there are some trading bots that help in trading, but there is no such in free access.
I don't like bots at all it feels like cheating in my opinion. Why bots are allowed anyway on some exchanges? They annoys me when i'm trading give me hard to time adjusting on buy or sell orders.
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