Do crypto trading bots really generate profits? - page 8.

slaman29

legendary

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Quote from: udidrone on July 30, 2019, 02:39:50 AM

If the user really understand about his bot, maybe can make profit. Of course people who make that bot will aim something and not just waste their money in trading fees. But for other people who can't use it maybe it be something that not really good to make profit and pick traditional trading.

You misunderstand bots. People make bots and then they have to feed the bot with scripts still, which contains the rules of how you want it to trade, how you want it to react to the market.

So it's those rules users need to understand, not the bot.

gensol

jr. member

Activity: 714

Merit: 3

Yes bits generate more profit Tha humans, bits are faster, they're as well without human emotions. They sell when they should and buy when they should devoid of any form of emotions unlike humans who emotions leads to doing multiple losing trades.

pidie

member

Activity: 639

Merit: 18

In my opinion, crypto trading bots can make a profit. because they can trade by buying coins at cheap prices and selling them when prices rise.

puertorikosena

full member

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The cryptocurrency market is unpredictable and very volatile. Therefore, it is difficult to make a trade forecast. Some proven patterns do not work at all on a crypto machine. However, trading bots are applied here. Personally, I have never used bots, but I think that with the development of the market, more and more people will use them.

princeyeboah

member

Activity: 714

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The trading bots generate profit based on the instructions set by the owner. Hence, a trader with limited knowledge in crypto market analysis is liable to setting unrealistic target prices for the bot which can yield no profit or no trades if those prices where not reached.

farraddy

member

Activity: 476

Merit: 10

I think that the human mind can not be replaced by a bot...at least for now. But the bots use the exchanges themselves to wind up sales volumes.

sulis sudibyo

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Activity: 882

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Volare.network

there are no bots that provide long-term benefits. sooner or later you will lose if you continue to use bots. this is based on my experience in forex trading using EA. The bot is only good at the start, but when it's been running for more than a week you'll see the changes.

asbak66

copper member

Activity: 560

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I don't know cause o never use it before on my trading experience but I think it's more safe if you doing your trade by your own. Cause you make your own decisions and you know all the risk if you doing trading by yourself. Bot trading isn't safe and can't fully trusted for me.

klaaas

hero member

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Quote from: Lanatsa on July 29, 2019, 02:30:17 PM

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.

thiscomm

jr. member

Activity: 224

Merit: 2

of course this tool is highly recommended for traders. SmartBotCoin is a tool for traders with very good features and is certainly safe for its users and this tool is very supportive of developments towards profit by traders. because of the huge need to see developments at any time in the market, I strongly recommend traders who have not used this tool to use it.

udidrone

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If the user really understand about his bot, maybe can make profit. Of course people who make that bot will aim something and not just waste their money in trading fees. But for other people who can't use it maybe it be something that not really good to make profit and pick traditional trading.

TheClownSong

sr. member

Activity: 1428

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Quote from: Apes on July 30, 2019, 12:43:12 AM

at some point the bot existence very helpful. but I prefer to use my own analytical skills in trading. maybe at a low volume and investment
you can trust it. but I've never heard that bots really give big profits.
when I use my money I don't play with a puppet.

I agree, it's better to use our own analysis. Trading bots may be good because they are not affected by psychological prices or trading without using emotions, but trading bots cannot deal with extreme price movements.

Sacramentus

jr. member

Activity: 448

Merit: 2

I think trading bots are really good to be honest, I used the bituniverse trading bot and so far it has been great. I just got to know about this bot and it has some great features. One thing to note is that this trading solution can have its disadvantage

rachman mahesa

full member

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Bots in trading are ineffective and even make you suffer losses. All I know is that bots in crypto trading are all carried out by bots. And if the market decreases, you can't cut it because everything is done by bots. This is not good using bots. Those who initially want to get a profit suffer losses.

MonsterV

legendary

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Even though I don't use bots in my trade, I have never heard of Smartcoin bots. I often listen to a number of projects in the announcement section, but there is no trading bot named Smartcoin. At least you provide some description or thread that explains the Smartcoin bot, so that we can judge about the bot. If like this, we can only say it is a garbage bot that does not have a reputation and good feedback.

Quote from: Iyeman on July 29, 2019, 06:55:38 PM

It's worth to try and i will try to suggest you search the bitcointalk gunbot thread and there was a lot of testimony from the users and they have already submitted their own proof to and it's working perfectly when you know how to use it.

Actually it's not good to use any bot including gunbot and I don't recommend that. The trading algorithm that bots have, cannot always work on all market conditions. My friend and I have tried a number of bots including Gunbot, but that doesn't give a return on profit. I prefer trading with manual analysis, although I have to be patient at least the results are quite satisfying.

Apes

sr. member

Activity: 1316

Merit: 257

at some point the bot existence very helpful. but I prefer to use my own analytical skills in trading. maybe at a low volume and investment
you can trust it. but I've never heard that bots really give big profits.
when I use my money I don't play with a puppet.

Barracuda

full member

Activity: 514

Merit: 100

It all depends on the reputation of the Bot itself. Because now there are many trading bots that are said to be good, but the reality is that many make people experience big losses. If I may suggest, it's better to do your own trading than using a bot. You can control each of your trading activities.

D3m1r4wanti

full member

Activity: 714

Merit: 102

nowadays there are so many exchangers that use bots as a way to turn on trade transactions on their exchangers.
so far according to what I have experienced trading with bots is still profitable, although the benefits are not too large but it can still give you an advantage.

Ikinumba

newbie

Activity: 10

Merit: 0

There is no way to stop losses with bot that's why i don't like using bots but is a good trading tools for those who doesn't know how to trade at all, wolfpack bot have a different trading strategy and its the best one so far

ardentvolcanoes

sr. member

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Quote from: peter0425 on July 29, 2019, 06:52:35 PM

Quote from: akram143 on July 29, 2019, 01:58:27 PM

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.

Of course there's no such thing as guaranteed success here and not even in other markets. But regarding bots, I would definitely stay away from them, unless you are really that experts and you know what parameters are best suited to make profits overtime.

Boys are favorable for certain people who really knows how to use this additional tool for trading, it can help you to deal with your trades with much lesser time and you don't need to keep your eyes inside the exchanges the bot will execute your trades saving you time if you are willing to take risk of this volatile market.

Topic: Do crypto trading bots really generate profits? - page 8. (Read 3176 times)