Topic: How effective are bitcoin trading bots? (Read 4192 times)
Anyway I have not seen or use the bitcoin bot to trade. But form my experience in forex using robots it only works best at the inception and as time goes on the effectiveness will be gone and what next will be loses. I believe the bots are developed by programmers for commercial purposes of which they are smiling to the banks at the expense of those that buy them. The programmers always up their games by upgrading the bots from time to time claiming the potency of the latest version. Becareful.
Trading bots use technical analysis, but fundamental analysis is also important in the crypto-currency market. During trading on a crypto exchange, it is important to consider the results of two types of analysis that bots can not do. Therefore, trade with the help of bots will not be successful.
WOW, this is amazing !! One can change 300 dollars to 50000 dollars a year. If one of the members has ever used a bitcoin trading bot, I will be very glad you shared your experience with us all here.
How effective are bitcoin trading bots? I read a review on google where a person claimed that he turned 300$ into 50000$ in one year using bitcoin trading bot (i can't remember the name of the bot).
I never use trading bots and it was not really good to use since your experience is the reason why you are successful right now in this industry.
Bots are just the instruments for your trading game. It's not a magic button. Perhaps, you can you some simple strategies (like the golden cross on 1D timeframe) and make some % still
bitcoin trading bots are only useful in bull markets nt on bear market we can expect market bounce back then we can apply bots on trading exchangers untill then we should wait
Bitcoin trading bots are only effective if you know how to set it up and you know how to manage it but if you are just a newbie that finding some way to earn good profits then trading bots will not be for you and it is best to do trading by your own so you can get experience and also lessons for the possible mistake and you can earn more than a trading bot.
I'd agree with that, I think you need to be understanding of how the bot actually works before profiting off it.
If everyone made money by just downloading something, throwing some Bitcoin in and watching it grow, then there would be no market.
What was in the past does not prove that it will be possible to repeat it in the future. Perhaps this man was very risky, trading in a bot and it turned out quite by accident. Now trading bots in most cases simply merge your deposit.
They are effective enough to make or earn you a good amount of income or profit in this bitcoin trading bots,
because if they are not, then they should not make or create because they are not helpful and useful.
because if they are not, then they should not make or create because they are not helpful and useful.
hardly such bots can guess the movement by 100%, and most often they work on the Martin principle. And for such bots need a large stock. What reduces the profitability of the coin growth by so much that you can manually trade in a growing market
Some bitcoin trading bots are effective and excellent which can increase your trading profit. Yet it needs your control and adjustment on periodic basis in order to make it work.
How effective are bitcoin trading bots? I read a review on google where a person claimed that he turned 300$ into 50000$ in one year using bitcoin trading bot (i can't remember the name of the bot).
I do not recommend you to use trade bots and listen from articles "fake" from google . A lot of bots are promoted on facebook through ads .
Most of them are just stealing your btc or they are losing your funds
Better teach by yourself the real trading . Better safe than sorry
I dont try thiis also but some of my friends that are using this say that effective also if you know how to set the program of the bot. You may lose also but not that much i think.
Buy a bot, click a few buttons and earn money..oh boy, I wish it was so simple. Everyone would be doing it if it was that easy. First, you need to know how to trade MANUALLY, before even considering to buy a bot and automate everything. Trading bots can't do the thinking for you...you need to know when is the right time to use which bot. No bot is profitable if you run it with no customizations for a long time. Bots perform OK in certain kind of trend for which they are optimized.
Crypto Bots are tools and should not be perceived as passive income, because every crypto bot should be managed.
How effective are bitcoin trading bots? I read a review on google where a person claimed that he turned 300$ into 50000$ in one year using bitcoin trading bot (i can't remember the name of the bot).
There are trading bot that is legit and not, for the legit bot you have to pay a monthly fee for the subscription and i think its worth it for the profit of the bot will give to you but dont expect a very high profit. In my trading, i dont use bots because it will just ruined the trading market industry.
When using bots you should make sure you are dealing with a reputable company. For example there is a rumor that a some Binance users have been hacked by hacking the bot software provider.
Bitcoin trading bots are very effective if you know how to use and manage it. Bots for automatic trading of crypto currency operate on special algorithms, trading strategies, which, in turn, are created on the basis of technical analysis of regularities. For self-analysis, you will need historical data on course changes and your personal ability to discover the relationship with the news. Bot does it for you. Some bots additionally use indicators that allow analyzing the current situation on the market, while others are performed only in the event of certain market conditions.
How effective are bitcoin trading bots? I read a review on google where a person claimed that he turned 300$ into 50000$ in one year using bitcoin trading bot (i can't remember the name of the bot).
I think this is very effective because in bitcoin trading we can buy new coins or coins with the price is still very low and we can market it in trading. we can make a profit after successfully putting our sales position. then if the profit is already owned, we can buy another coin in altcoin and can market it again. How effective are bitcoin trading bots? I read a review on google where a person claimed that he turned 300$ into 50000$ in one year using bitcoin trading bot (i can't remember the name of the bot).
Never use any bot or any signal because most of the signal and bot are fake and why you want to use bot. First time you think that is if bot work 100% so no body sell bot or signal because he know how to make money with it and he never sell his system so you need to won strategy for make a best trading. Jump to: