Topic: How effective are bitcoin trading bots? - page 3. (Read 4216 times)
Quite effective if you know how to used it, a bot can help us to do trading when we are sleeping, it is very good tools if you have a good skills and know when is the good time to trade, a bot is only a tool to help us to trade all of the results is depend on the user
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).
Do you believe in the opinion? I think the effectivity of the bot. It can't be determined as a score. But from what I knew about the crypto bot. That just make your order being automatically. If you don't have enough time to make your trade and you will be able to use a bot for making your trade.
But the bot can't be defended on all of the conditions.
Especially their effectivity will depend very less on the bearish trend.
Trading robots can make the life of a trader much easier, allowing automating many routine operations, increasing the speed of work, reducing error rates and fatigue. However, development of an effective trading strategy is the task of the trader and not the robot. It’s like a car that allows driving faster and more comfortable, but it is up for the driver to decide how to get to the destination. And most important, it is the driver who is responsible for all actions.
Source - https://bitcointalksearch.org/topic/trading-robots-wrong-assumptions-made-by-beginners-1722689
This is not completely true for most bots the strategy is already hard coded, and the trader can only do some adjustment to the strategy by reading the manual, so if the bot does not work as it should there is not much the trader can do.Source - https://bitcointalksearch.org/topic/trading-robots-wrong-assumptions-made-by-beginners-1722689
Trading robots can make the life of a trader much easier, allowing automating many routine operations, increasing the speed of work, reducing error rates and fatigue. However, development of an effective trading strategy is the task of the trader and not the robot. It’s like a car that allows driving faster and more comfortable, but it is up for the driver to decide how to get to the destination. And most important, it is the driver who is responsible for all actions.
Source - https://bitcointalksearch.org/topic/trading-robots-wrong-assumptions-made-by-beginners-1722689
This is not completely true for most bots the strategy is already hard coded, and the trader can only do some adjustment to the strategy by reading the manual, so if the bot does not work as it should there is not much the trader can do. Source - https://bitcointalksearch.org/topic/trading-robots-wrong-assumptions-made-by-beginners-1722689
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).
it is most probably a scam trying to convince people to download some king of malware. it may very well be the ransomeware
no bot will ever make claims like this that by using it you can make $ to x$
a bot is only making things faster and easier and in case you use a VPS it can become 24/7 to use for things like watching the market and executing stop loss or some strategy on automation.
and besides if you wanted to turn $300 to $50000 all you needed to do was simply buying an altcoin last month and dumping it after a week or so
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.
Setting up a bot in a right way is significantly only 5% of determining the profit making capabilities. How the analysis capabilities were coded is more important and how it will withstand against fake/short term fluctuation is the very big concern to conclude about the effectiveness of a trading bot.When I used bots, it skipped many good entry points but got struck with losses and closed that position in stop-loss levels.
Check this thread, and you'll feel regret for ignorance something good for your trading profit. Maybe it is best trading bot ever created.
https://bitcointalksearch.org/topic/gunbot-automatic-poloniex-profit-generator-1715214
https://bitcointalksearch.org/topic/gunbot-automatic-poloniex-profit-generator-1715214
Are you using this bot yourself? if yes, can you share your results so far?
Check this thread, and you'll feel regret for ignorance something good for your trading profit. Maybe it is best trading bot ever created.
https://bitcointalksearch.org/topic/gunbot-automatic-poloniex-profit-generator-1715214
https://bitcointalksearch.org/topic/gunbot-automatic-poloniex-profit-generator-1715214
bitcoin trading use bot only automatic trading youre trade not guaranteed if you trade profit
and setting bot from programer, so sometime is wrong open position trade
and setting bot from programer, so sometime is wrong open position trade
How effective are bitcoin trading bots?
Most bots offer considerable % per day. But do not expect to earn 10% or 50% per day.
So I've seen some bots that offer 0.60% to 1% per day...
See this thread very interesting
https://bitcointalksearch.org/topic/m.17180502
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).
Was this person selling a bot?
I'm asking this question because many people lie that they make lots of money just for you to buy what they're selling.
If the person is selling a bot, surely this is exaggerating in the number just for you to buy your bot
Not all bots can gives you a good service there are many bots out there that has backdoor script so beware for those trading bots..
And i think if you have knowledge about trading like other said its depends in your setup. if you have knowledge in trading you can know how to setup the bot setting up for how far your margin percentage of your capital to sell if the price was touch with this amount. it will always depends in you the bot just can help you to automates your trading ways if you can not stay long in trading you can set the bot for you so that you can stay long in your real job than your trading task..
Well always check and scan he bot if you want to use a trading bot and always ask for other traders here to know if that file is safe or not just to be safe.
And i think if you have knowledge about trading like other said its depends in your setup. if you have knowledge in trading you can know how to setup the bot setting up for how far your margin percentage of your capital to sell if the price was touch with this amount. it will always depends in you the bot just can help you to automates your trading ways if you can not stay long in trading you can set the bot for you so that you can stay long in your real job than your trading task..
Well always check and scan he bot if you want to use a trading bot and always ask for other traders here to know if that file is safe or not just to be safe.
Trading robots can make the life of a trader much easier, allowing automating many routine operations, increasing the speed of work, reducing error rates and fatigue. However, development of an effective trading strategy is the task of the trader and not the robot. It’s like a car that allows driving faster and more comfortable, but it is up for the driver to decide how to get to the destination. And most important, it is the driver who is responsible for all actions.
Source - https://bitcointalksearch.org/topic/trading-robots-wrong-assumptions-made-by-beginners-1722689
Source - https://bitcointalksearch.org/topic/trading-robots-wrong-assumptions-made-by-beginners-1722689
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.
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).
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