Topic: Experience of using a cryptorobot - page 5. (Read 714 times)
as far as I've seen trading bots in cryptocurrencies, it didn't pay off in the end. many people who offer a lucrative income, and they dare to give a percentage of profit within a certain period of time. whether it works, I think it's just a promise and gives us continuous hope, and of course we will be the losers. trading without knowledge, I think like gambling, you can win by relying on luck, but whether luck will always be present, let's open our understanding
Since you arent telling on what bot you are using then it turns out that this isnt some sort of shilling. 
Maybe the OP is using a public disclosure strategy, which will result in someone asking him privately which bot it is - and if he claims the bot is profitable to that extent, then there will certainly be those who will be interested.
If you want the long story short? You won’t make any money off them. They are typically scams.
Not only are bots a problem in the sense that they are scams, but a much bigger problem is that people think it's something that runs and makes money without the need for any knowledge of crypto trading. I have always considered them as an additional tool for those who want to increase their efficiency, but provided they know what they are doing - otherwise bots can be quite useless.
I remembered one example of testing a bot from one of our members -> https://bitcointalksearch.org/topic/hcps-ongoing-experiment-of-the-bothiveio-trading-platform-5206137
That is pretty impressive how bots are really working up their ways with trading. Im not sure how successful these bots are but 25% looks just awesome. You should keep sharing your experience further so that we can know if the bot had lucky chance this month or is it really good in any situation of the market whether it is bull or bearish. Better keep sending the updates in this thread next time you come up with profits. Moreover, its also worth sharing your settings so that fellow members can understand how you playing with the bot with such high score.
Its true but there are many stories out here regarding the profits being made by bots. I don't know if it's entirely false but no one would just buy the bots if they were not working.
Learning yourself is entirely different career I believe.
If you want the long story short? You won’t make any money off them. They are typically scams.
If they actually worked the developer would just use it himself instead of giving away for free or a small fee. You would be pretty much in competition and he would make less money, so why give away a strategy that works.
You just gotta learn to trade on your own.
If they actually worked the developer would just use it himself instead of giving away for free or a small fee. You would be pretty much in competition and he would make less money, so why give away a strategy that works.
You just gotta learn to trade on your own.
Its true but there are many stories out here regarding the profits being made by bots. I don't know if it's entirely false but no one would just buy the bots if they were not working.
Learning yourself is entirely different career I believe.
Hi all
Can you advise whether it is advisable to use a trading bot to trade cryptocurrency?
yes it is and its proven and tested of some crypto traders around the internet, and as far as i know every bot has different programs to work its either shorting or long and of course it can do both but it will depends on the price as well, especially if you want to have many trades everyday because it will become more expensive. Can you advise whether it is advisable to use a trading bot to trade cryptocurrency?
It depends on the type of bot you have and how it analyzes the market because there are ways that you should determine before automating your strategy. You should be able to answer this question. How will the bot handle this type of market?
Different trends of the markets are
In these different market trends, you need different strategies to accommodate the changes. It's going to be hard if you are going to rely on one method alone and use it in all markets, it's win-rate won't be enough for sure. So to be higher in win rate, you would need to be able to adapt to the market's current situation.
You still should control your money wherever it goes, like you shouldn't deposit directly to both. Just use an API service to trade your portfolio or something. Be vigilant.
Different trends of the markets are
- Bullish
- Bearish
- Sideways
In these different market trends, you need different strategies to accommodate the changes. It's going to be hard if you are going to rely on one method alone and use it in all markets, it's win-rate won't be enough for sure. So to be higher in win rate, you would need to be able to adapt to the market's current situation.
You still should control your money wherever it goes, like you shouldn't deposit directly to both. Just use an API service to trade your portfolio or something. Be vigilant.
If you want the long story short? You won’t make any money off them. They are typically scams.
If they actually worked the developer would just use it himself instead of giving away for free or a small fee. You would be pretty much in competition and he would make less money, so why give away a strategy that works.
You just gotta learn to trade on your own.
If they actually worked the developer would just use it himself instead of giving away for free or a small fee. You would be pretty much in competition and he would make less money, so why give away a strategy that works.
You just gotta learn to trade on your own.
Can you advise whether it is advisable to use a trading bot to trade cryptocurrency?
Yes, that's advisable to use because that's a tool to be used in trading aside from those trading analysis tools.But my question is, do you know how to use this? This isn't will work on its own, it needs a proper setup to gain profit and maybe it's not advisable to use if you're a newbie.
That's fair enough, 25% a month is really good and if you'll maintain that strategy it might have consistent profit.
Putting a lot of money is must your own decision if you think that it's comfortable for you, then go ahead, it's your call.
Can you advise whether it is advisable to use a trading bot to trade cryptocurrency?
Such bots are sensitive to volatility, which often happens in the cryptocurrency world.
And how will the bot behave in a falling market?
I used one well-known bot for a month and it made 25% of my balance in a month.
And now I want to invest a lot more money in it.
Such bots are sensitive to volatility, which often happens in the cryptocurrency world.
And how will the bot behave in a falling market?
I used one well-known bot for a month and it made 25% of my balance in a month.
And now I want to invest a lot more money in it.
The bot can usually do, repeatedly, what you would do - if you've set it right.
Since you've used bots, you should know the basics.
Whether it's advised or not to use them.. it's debatable. It depends very much on how much configurable the particular bot is, it depends on your overall trading skills, it depends whether you can configure it properly.
And it depends on what the bot does - scalping, DCA, arbitrage, whatever.
So there's no best answer to this question. My advise is to read more, especially reviews from people actually working with trading bots. One such website I've got to read at some point in the past was https://tradingbot.info/ I can't really tell whether it's the best or not, but in the results area you may find interesting things.
My advise is to think it over very good, since the fact you are asking us this may mean that you don't have yet the experience you need (and then you should wait) or you have doubts (hence you should wait). Balance everything and ignore the FOMO. Trading is about using your brain and staying cool, not about FOMO.
But I am more a HODLer type, hence I may be wrong, and, no matter what, it's you who have to take the decision.
25% in a month is pretty cool, and that bot must really be doing good. I don't know which type of crypto trading you are doing to best answer your question. Is it Spot trading or trading derivatives with leverage.
In falling markets, spot trading isn't favorable. So I believe most bots are flexible and have the stop loss option. Always use stop loss.
In falling markets, spot trading isn't favorable. So I believe most bots are flexible and have the stop loss option. Always use stop loss.
I used one well-known bot for a month and it made 25% of my balance in a month.
And now I want to invest a lot more money in it.
So you already have experience on doing it. If you've made 25% from the principal amount of capital of yours then you did it well.And now I want to invest a lot more money in it.
And if you're asking us if it's okay to add more money based on your experience using a bot, only you can tell that if you're prepared with an additional capital using that bot.
It's your rule and decision, if it's me, whether there's or there is no bot as long as I know what I do and I have funds, I'll do it.
Hi all
Can you advise whether it is advisable to use a trading bot to trade cryptocurrency?
Such bots are sensitive to volatility, which often happens in the cryptocurrency world.
And how will the bot behave in a falling market?
I used one well-known bot for a month and it made 25% of my balance in a month.
And now I want to invest a lot more money in it.
Thanks
While it is good that you made a good amount of money with that bot, you need to understand that bots are not automatic money making machines, bots also lose money in the markets as they depend completely on the strategy that was coded into them by their developer, as such it is difficult to judge if the bot you are using is in fact profitable with just a sample of one month, now if you know exactly the strategy the bot is using you could backtest the strategy and see if it works long term, but such a thing will require a lot of time and effort which very few people want to invest in doing something like this. Can you advise whether it is advisable to use a trading bot to trade cryptocurrency?
Such bots are sensitive to volatility, which often happens in the cryptocurrency world.
And how will the bot behave in a falling market?
I used one well-known bot for a month and it made 25% of my balance in a month.
And now I want to invest a lot more money in it.
Thanks
Since you arent telling on what bot you are using then it turns out that this isnt some sort of shilling.
If you do able to earn 25% on your capital for a month time then consider yourself lucky but its ideal or better if you do secure out your capital first before investing even more.
But dont expect nor anticipate that it would be giving you an assurance because thats not how reality works.Its better if you do know on how to make manual trades and
able to edit trading bot commands because it isnt really that automatically give out some profits.So you should be aware.
If you do able to earn 25% on your capital for a month time then consider yourself lucky but its ideal or better if you do secure out your capital first before investing even more.
But dont expect nor anticipate that it would be giving you an assurance because thats not how reality works.Its better if you do know on how to make manual trades and
able to edit trading bot commands because it isnt really that automatically give out some profits.So you should be aware.
Hi all
Can you advise whether it is advisable to use a trading bot to trade cryptocurrency?
Such bots are sensitive to volatility, which often happens in the cryptocurrency world.
And how will the bot behave in a falling market?
I used one well-known bot for a month and it made 25% of my balance in a month.
And now I want to invest a lot more money in it.
Thanks
Can you advise whether it is advisable to use a trading bot to trade cryptocurrency?
Such bots are sensitive to volatility, which often happens in the cryptocurrency world.
And how will the bot behave in a falling market?
I used one well-known bot for a month and it made 25% of my balance in a month.
And now I want to invest a lot more money in it.
Thanks
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