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Topic: Does auto trading bot make good profit ? - page 10. (Read 19615 times)

hero member
Activity: 2954
Merit: 683
August 27, 2017, 10:19:53 AM
#91
Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
There are lots of trading bots in the market and most of them are free to use but to think off that this are just tools on automating your trades not actually on increasing the chance on making money or having a good profit on trading.This is why when you do have the time then its better to do it manually because you would able to learn trading even more than auto trades.
sr. member
Activity: 336
Merit: 250
August 27, 2017, 09:17:33 AM
#90
When trading on the crypto market, in some cases it's enticing to simply to kick back and let a master or a bot take every necessary step for you.

This is the reason robots ended up plainly prevalent.

Essentially, robots and different types of mechanized programming, guarantee to make traders huge benefits with next to zero exertion on their part.

It's quite recently the lazy people's method for trading.
full member
Activity: 644
Merit: 117
swing!
I think is good for speculating new coin for pumps, the rest i think i wouldn't be worth your money
full member
Activity: 154
Merit: 100
i will not suggest any bot is a really got profit maker... unless i see a nice proof Wink
because your brain is better than using a bot, you can think a various way to gain profit from them not just only using the boat. the bot can't take a sudden decision if you need to take this.
Bot is kinda good too because it would be the one who do the trade with specific things you put in it's program or if you are not comfortable with your bot then you can just let it do itself while watching if there's an error that might happen. This will help you make things easier and more comfort because you can watch movie while observing your bot doing the trade.
hero member
Activity: 798
Merit: 500
i will not suggest any bot is a really got profit maker... unless i see a nice proof Wink

yeah, it is true the bots do not have any mind and do not have any intelligence to trick with the situation to make us earn bigger profit, so the good idea is that we ourselves learn trade and start it.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
Trading bots do not let you make good profits at all, it can even let you lose a lot of money without any doubts.
I think that such bots are just bad for your profit because they can simply not think the same as you.

well a bot shouldn't be thinking in your place!
for that you need artificial intelligence which is not yet invented except in the movies,

a bot is only making your job easier and you think, and tell the bot to monitor and execute your thoughts, that is all.
legendary
Activity: 2632
Merit: 1040
This is part of a message i receive yesterday from an old 2014 customer

"You deserve every penny you get for your software, It made me a lot of money on cryptsy at the time."

Sometimes bot successfull stories happens  Cheesy Cheesy
sr. member
Activity: 252
Merit: 250
Trading bots do not let you make good profits at all, it can even let you lose a lot of money without any doubts.
I think that such bots are just bad for your profit because they can simply not think the same as you.
full member
Activity: 233
Merit: 100
reality is what you think it is
Well i have always treated trade bots just like any other machines i have in my household)). They can help if programmed properly, but that's it. My air conditioner shouldn't decide what temperature is better for me.
So if you want to use a bot:
1. Start trading manually with small amounts
2. With some experience gained, work out the most profitable strategies that worked for you personally during let's say 6 months of daily trades
3. Buy a legit bot and program it with your own strategy so it will behave on the market just like you do while you are asleep or away.
4. Constantly question your strategies and try to improve them
5. Profit
legendary
Activity: 3164
Merit: 1025
Leading Crypto Sports Betting & Casino Platform
i will not suggest any bot is a really got profit maker... unless i see a nice proof Wink
because your brain is better than using a bot, you can think a various way to gain profit from them not just only using the boat. the bot can't take a sudden decision if you need to take this.
member
Activity: 112
Merit: 10
i will not suggest any bot is a really got profit maker... unless i see a nice proof Wink
hero member
Activity: 2898
Merit: 639
Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
For the love of... Please no.

As good as it may sound, an auto-trading bot usually cannot handle large market moves. I've lost good money because of that.

Save yourself the trouble and just don't.

I haven't tried it, but I expected such a thing could/would happen. The same applies of autobetting. A robot doesn't  understand if something goes wrong, and will logically continue it's task.
Sure you can earn from the 'good orders' but preventing 'bad orders' in case of an error is mandatory.
It is right, the bot will do only that task for which it has given the command and the strategy changes each time in crypto currency, so a little error can make him lose all the hard earned money of him.
sr. member
Activity: 252
Merit: 250
Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

yes and no.

but if you are looking for a magical bot that you just click a button and it makes you rich then i have to say there in none. especially if you don't know about trading and have to experience in the matter.

but bots can help you a lot in trading and watching the market and earning profit ONLY if they are coded well and you know how to use them based on your knowledge of the market.
i dont think it is very useful to use auto traing bots because as you can see the price is not very stable at the moment and when the price rise allot the bots does not see it on time so be careful always have a look self.
I dont think bots can make more profit than you self can do because bots are developed by people so if they make some faults you cant fix them at the same time
So you should always have a look at the trade by your self what i prefer to do is holding on to my bot but always stay behind him.
sr. member
Activity: 364
Merit: 250
Most of the bots are out datet so make sure you have the right one becasue the price of the bitcoin is not really stable you need to make
sure that he make good deals so stay behind the bot if you are clever.
sr. member
Activity: 350
Merit: 250
I dont think they are making allot of profit because the price of the bitcoin is not stable at all the last time so the bot
needs to be updated. So make sure your bot is one of the best otherwise you can play bot by your self would be many times better.
full member
Activity: 224
Merit: 100
Auto trading is only good when you have a very big bankroll and you are betting on low payouts. For istance, if you have a bankroll of lets say 10 btc, it will be save to bet on payouts of X1.2, X1.3or even X1.1 with a base bet of 1000 satoshis. With this, you can choose a favourable multiplier on loss so that you recover quickly after a loss.
hero member
Activity: 700
Merit: 500
How many have used this bot for trading reason and how much profit is yielded? Also what would you suggest to go manual way and look for better opportunity offline as well or no?
hero member
Activity: 658
Merit: 500
If you know, how to adjust it, then yes - you can make good profit.  Grin
sr. member
Activity: 364
Merit: 250
Yes auto trading bots are not good at all manually is of course always better but if you do not have the time for it these bots can sort of work out sometimes.
You just have to configure it good to do not get problems with it.
hero member
Activity: 2674
Merit: 585
Leading Crypto Sports Betting & Casino Platform
An auto bot is just so bad in my opinion, you will lose a lot of money by all these bots you can better just have your own strategy and do it manual all times.
These bots cannot think and make sometimes not a good decision.
And especially in the case of bitcoin where a lot of large pumps and dumps happen each day bot will not be able to handle that, and the result will be the same which everyone has suggested, that you will lose.
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