Genuine asking! Is rebalance trading bot really accumulate more coin?

Husires

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One of the forum members has experience with one of the bots. You can review it and ask him, but I think that as a beginner you should stick to DCA and after you have enough experience, you should consider trading bots.

https://bitcointalksearch.org/topic/2506-profit-automated-trading-challenge-starting-out-at-1000-at-12706-5481549

Quote from: husencoe on February 02, 2024, 06:44:24 AM

I don't believe in bots. maybe bots can at some point be more profitable, but I don't think it will work forever. Trading is a risky activity and you let your money be managed by bots, is it worth? If you really have a lot of work and don't have time to analyze the market, it's better for you to stop trading first rather than lose a lot of your money. trading in difficult circumstances is suicide. following something gray will take you further into the darkness.

Bots are tools like computers and servers, which if they operate well will achieve profits, and if they do not operate well, they will achieve losses. Programming bots with a trading strategy is what may achieve profits or losses according to the orders you issued, so the problem will be in the trading strategy and how it is allocated with the trading bot.

husencoe

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I don't believe in bots. maybe bots can at some point be more profitable, but I don't think it will work forever. Trading is a risky activity and you let your money be managed by bots, is it worth? If you really have a lot of work and don't have time to analyze the market, it's better for you to stop trading first rather than lose a lot of your money. trading in difficult circumstances is suicide. following something gray will take you further into the darkness.

muncuss

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Quote from: Assface16678 on January 29, 2024, 11:09:13 AM

Well, you do have a point. Not all traders or those wanting to be traders have the time to learn the difficult learnings about trading, and everyday trading requires continued learning, so it can be tiring at some point but rewarding. If trading bots are proven to be useful and profitable, then maybe there is a chance that trading bots will be a trend. Many new traders will choose to trade using bots instead of learning on their own. Yes, they are earning, but at what point? Trading bots are also just programmed and developed by humans, and even humans cannot solve the complexity of the crypto market. Even though the bots are advanced, there is still a loophole in some of them. But yeah, as you said, as long as someone is earning, then it's good; maybe I'm just more focused on growing the skills as it's more rewarding and satisfying.

The point is they are earning, sir. The ultimate purpose is to get profit no matter the method, manual or automated. It just a tool to help automate trade, same like stop loss feature even if it is not a bot it is also automation tool. So skill is also important.
I am sure if a person dont have any knowledge of trading before creating a bot he will get a loss anyway

muncuss

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Quote from: AbuBhakar on January 29, 2024, 11:14:32 AM

General Crypto market moves in same direction so rebalancing bot will just your money on trading fee by rebalancing your balance while all your holdings is moving the same way.

It’s better to have a grid trading bot or dca bot instead of rebalancing since this is not worth it to use on crypto trading that behaves the same direction on the general trend. Unless you are lucky to choose project that behaves in opposite decision then this bot is useless if all your asset is moving the same way.

Eh i didnt think about that. But i can include a coin like gold-based PAXG or usd token.
I dont have any luck in grid bot and i think dca is better used in bear market. In current market condition it will increase buy cost instead

AbuBhakar

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🇵🇭

Quote from: muncuss on January 28, 2024, 11:07:17 AM

I hope someone here using a trading bot and familiar with a rebalance bot. I want to ask, is it really accumulate more coins over time? Seems good bot to use now while we are still at the entrance of bull market

General Crypto market moves in same direction so rebalancing bot will just your money on trading fee by rebalancing your balance while all your holdings is moving the same way.

It’s better to have a grid trading bot or dca bot instead of rebalancing since this is not worth it to use on crypto trading that behaves the same direction on the general trend. Unless you are lucky to choose project that behaves in opposite decision then this bot is useless if all your asset is moving the same way.

Assface16678

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Quote from: muncuss on January 29, 2024, 09:10:20 AM

Quote from: elevates on January 29, 2024, 08:48:25 AM

What about the trading fee? Can rebalancing reduce the trading fee as I remember when I used a trading bot the fees took out most of my profit. I still don't understand the scope of using a bot as I feel it is far much hyped and doesn't come out with the output a user expects from it. For me bots are a waste and if anyone wants to make some good money from trading it is better to learn the graph and work accordingly to it.

Probably by using the percentage instead of time, it will produce less trade so less fee. Bot will greatly help if a trader don't have time to monitor the market or if they include too much emotion in trading.

What if i tell you in last ten of my trades, when i use bot it is produce a profit and when i manual trade i often miss the chance to sell or just stupidly don't take the chance. I used trend bot which use moving average, but they use only half of initial allocated money on each trade. So i decide to manual trade to get more profit but unfortunately the result isn't as good as when using bot

Well, you do have a point. Not all traders or those wanting to be traders have the time to learn the difficult learnings about trading, and everyday trading requires continued learning, so it can be tiring at some point but rewarding. If trading bots are proven to be useful and profitable, then maybe there is a chance that trading bots will be a trend. Many new traders will choose to trade using bots instead of learning on their own. Yes, they are earning, but at what point? Trading bots are also just programmed and developed by humans, and even humans cannot solve the complexity of the crypto market. Even though the bots are advanced, there is still a loophole in some of them. But yeah, as you said, as long as someone is earning, then it's good; maybe I'm just more focused on growing the skills as it's more rewarding and satisfying.

muncuss

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Quote from: elevates on January 29, 2024, 08:48:25 AM

What about the trading fee? Can rebalancing reduce the trading fee as I remember when I used a trading bot the fees took out most of my profit. I still don't understand the scope of using a bot as I feel it is far much hyped and doesn't come out with the output a user expects from it. For me bots are a waste and if anyone wants to make some good money from trading it is better to learn the graph and work accordingly to it.

Probably by using the percentage instead of time, it will produce less trade so less fee. Bot will greatly help if a trader don't have time to monitor the market or if they include too much emotion in trading.

What if i tell you in last ten of my trades, when i use bot it is produce a profit and when i manual trade i often miss the chance to sell or just stupidly don't take the chance. I used trend bot which use moving average, but they use only half of initial allocated money on each trade. So i decide to manual trade to get more profit but unfortunately the result isn't as good as when using bot

elevates

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What about the trading fee? Can rebalancing reduce the trading fee as I remember when I used a trading bot the fees took out most of my profit. I still don't understand the scope of using a bot as I feel it is far much hyped and doesn't come out with the output a user expects from it. For me bots are a waste and if anyone wants to make some good money from trading it is better to learn the graph and work accordingly to it.

R100K-Martin-Lunger

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Quote from: muncuss on January 28, 2024, 11:07:17 AM

I hope someone here using a trading bot and familiar with a rebalance bot. I want to ask, is it really accumulate more coins over time? Seems good bot to use now while we are still at the entrance of bull market

Yes, a rebalancing trading bot can accumulate more coins over time, especially in the context of a bull market. These bots work by periodically rebalancing your portfolio to maintain predetermined asset allocations. During a bull market, when asset prices are rising, the bot can capitalize on these gains by selling high and then buying different assets that are undervalued. This strategy can effectively increase the quantity of coins in your portfolio, taking advantage of market fluctuations to optimize investment returns. The R100K/my strategy, for instance, employs a similar approach with a focus on aligning with Bitcoin trends and optimizing returns through rebalancing. This can be a smart approach to navigate the volatility of the crypto market, particularly during its upward trends. But I do recommend human supervision over any and all trades executed.
If you would like to discuss this further, you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

BenCodie

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There has never been a not that has outperformed BTC or other crryptocurrencies that have proven their worth over time. Rebalancing bots might serve a better purpose during a bear market, to ensure that your desired allocations are always reflecting what you'd like them to be to preserve wealth or negative results....though I highly doubt that you will find any success in achieving more profit than the results of a bull run.

The primary purpose of rebalancing bots is (as the name says) to rebalance your portfolio to maintain the desired allocation. The primary purpose is not to profit. Yes, profit may be a symptom, though so can loss.

You should also consider the risks that are external to the market movements, in light of this comment, here are just two things to keep in mind:
- Having a bot rebalance your portfolio means that your portfolio is always/at times exposed online (in an exchange or stored within a wallet managed by an online/api connected not). This presents known risks (not your keys, not your coins).
- No bot is perfect. You will always be subject to the not malfunctioning for reasons that can sometimes only be known after something has gone wrong.

Stay safe.

EarnOnVictor

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Quote from: muncuss on January 28, 2024, 11:07:17 AM

I hope someone here using a trading bot and familiar with a rebalance bot. I want to ask, is it really accumulate more coins over time? Seems good bot to use now while we are still at the entrance of bull market

I wanted to ship in advice that bots do not always work as people think and it did not start today, bots have existed for over 2 decades in trading. In summary of them all, some lose money easily, and while it takes time for some to lose the money, they eventually lose it. While some will lose and gain to the extent that you will not have anything good to show for it over time, but they will not lose your money hugely like some would do, while the last category will not lose your money, they will earn for you, only that the money will not be much despite operating your account for a long duration of time.

But this rebalancing bot is not working like that in my understanding, though, I've never used it before, but I do not think it is such that will accumulate as much coin for you as you expected based on what I read about it. This bot seems to be working on helping traders/investors manage their portfolios and arrange their risks and others for them. See for yourself below.

muncuss

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I hope someone here using a trading bot and familiar with a rebalance bot. I want to ask, is it really accumulate more coins over time? Seems good bot to use now while we are still at the entrance of bull market

Topic: Genuine asking! Is rebalance trading bot really accumulate more coin? (Read 98 times)