Is it safe to use Telegram bot for trading ?

Kristiyana

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Quote from: arjunmujay on March 20, 2024, 10:10:54 PM

Trading using bots is not recommended. Indeed, there are some who use bots because they are lighter because they use APIs from the exchange market. but I think the art of trading itself will be lost if you use bots.
Not to mention that you won't be able to directly monitor the price movements of the coins you buy. remember that time in the world of trading is very important.

Well I start crypto journey on telegram, by mining those telegram bot that always reward users for visiting a site. the mining bot was free of charge, I was mining litecoin, dogecoin, zcash, bitcoin cash, at first I was thinking that the bot is scam not until I succeeded in making withdrawal that is when I believe that some telegram bot are genuine.I would confessed that I really profited from those telegram bot,is obvious that most of this telegram bot is scam,in this case one need to be careful mostly when investing in most of this telegram bot, to find a legit telegram bot is very rare due to the rate of scammers who are currently operating in telegram.

Bureau

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What is the use of a telegram bot that you do not trust and have no knowledge of? There are so many bots available in telegram and most of them charge for using them. Why pay the money when you have CEXs that are offering trading bots for free and they are from trusted exchanges? A trading bot won't do any miracles and you still will need to apply your strategies to make it work. It is not that these bots have the ability to decide when to buy and when to sell you would need to give those commands. I think it is better to ignore such bots in the future as they are no longer required.

arjunmujay

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Trading using bots is not recommended. Indeed, there are some who use bots because they are lighter because they use APIs from the exchange market. but I think the art of trading itself will be lost if you use bots.
Not to mention that you won't be able to directly monitor the price movements of the coins you buy. remember that time in the world of trading is very important.

Wexnident

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I don't take loans, ask for sig if I ever do.

If it's not open source or not from a trusted big company, I don't trust any bots. Telegram is known to be a hole filled with scammers so I generally wouldn't trust anything you'd find there till proven otherwise. If you have the spare money to test it out, then yea sure go ahead. If not then don't even bother really, just go on your way. If you really wanted a bot then hire someone to help you develop it. Might cost more but at least it's made specifically for your specifications.

I'm a dev myself so whenever I need one I just make one tbf so I'm pretty lucky with that.

Makus

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Quote from: btc78 on March 15, 2024, 10:12:59 AM

Personally I just don’t trust telegram in general. There’s a lot of fishy content from telegram and most of the time, telegram is the place where scammers live off on. I also think telegram is very easy to access and hack so I’m quite concerned about the safety and security.

Indeed over the years, I have seen so many scammers coming from telegram though it's not for crypto related but I believe lots of scammer are using that service. I'm not saying there are not legit businesses conducted on telegram, but all I'm saying is, scammer find it very easy to use the service In running their mischiefs. So op you have to be careful with your decision in using a telegram bot for trading. all risk are on you, but majority of person will also suggest the same thing, so just quit your idea of using telegram that way.

shawonngp

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Quote from: Y3shot on March 16, 2024, 12:42:53 PM

Quote from: Volimack on March 16, 2024, 02:10:10 AM

Better to do your own research before trading telegram bots tend to be scams. The number of hackers in telegram is high so you have to be careful about your own security. Your own research from crypto bots allows you to fully automate the trading process and make it more reliable safe and efficient in terms of income and at the moment of market promotion.

You are very correct. One needs to be very careful having things to do with telegram. Their are lots of scammers in telegram disguising to be genuine. Most newbies always think telegram is a place where thing can be easy for them because of the trading channels telegram trading bot but I can guarantee you that a lot of this one telegram are scam which one needs to be very careful with.

Most things on telegram seem scam to me, as like so called VIP signal trading groups, i mean it's very rare to get something legit from telegram groups, because it's full of scammers in telegram now. Bot trading is dangerous because it's created by programming, so it will never execute a successful trade, bot trading is just wasting of money.

Miles2006

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Quote from: Cryptoarmy36522 on March 15, 2024, 08:15:49 AM

so what you guys think is it safe to use the telegram bot or not also investing in the bubble bot and holding their token for revenue sharing is worth it or not?

Why do you derive joy trading with bot or it shows beginners love the fast game, I don't buy the idea using bot to trade talkless of a telegram bot, you can actually learn and be perfect with different trading skills. Talking about these tokens I don't think it's a wise idea holding bot tokens, how far has the community gone before wanting to hold the coin.
I will advice you stay away from bot when trading, anything that has to do with telegram and crypto should be avoided.

Oneandpure

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be careful with the OP bot telegram recommended for trading exactly with coins on Solana network, I don't know well with the OP bot trading telegram recommended because its first his post and come here to advertising his product.
I heard with bot telegram channel for trading to make order buy or sell most faster than using raydium or other dapp solana exchange but is not bot recommended by OP.
I think bad ideas when come here and make the first post recommended about bot telegram trading, better looking the other or more popular bot telegram trading than recommended by OP and we can't trust him not only as newbie account but also its the first his post and braveness for recommending with the bot telegram trading.

Ben Barubal

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Quote from: Volimack on March 16, 2024, 02:10:10 AM

Better to do your own research before trading telegram bots tend to be scams. The number of hackers in telegram is high so you have to be careful about your own security. Your own research from crypto bots allows you to fully automate the trading process and make it more reliable safe and efficient in terms of income and at the moment of market promotion.

That's exactly what should be done, because if a newbie in the crypto space doesn't do that, the capital that they will use in crypto investment will definitely end up in a bad place. And it is even worse to use our capital on something that we know will not grow our capital in the end.

And since the trading bot on Telegram is not a good place, we should avoid it because it has been proven and tested that this telegram is really a nest or place for hackers or scammers, so be careful and avoid it.

Bushdark

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Quote from: Cryptoarmy36522 on March 15, 2024, 08:15:49 AM

hello everyone in the last 2 3 weeks i noticed a project name bubble bot claims to offers fast safe and efficient trading like spot trading leverage future trading but i am curious about the safety when i dig into this i found another projects like this unibot , Banana gun who also offers trading inside the telegram bot and they are already make a good position in market and the users who join the bot earlier get really amazing perks so what you guys think is it safe to use the telegram bot or not also investing in the bubble bot and holding their token for revenue sharing is worth it or not?

Website: https://bubblebot.finance/

This is very surprising to me because like we all know that telegram is not an exchange but only a social media where many big companies do create accounts for there communities. I think we need for wise and smart at the same time.
That could be a fake review just to lure potential investors to check it out and the result at first might look a good one but the later effect might be discouraging. What I know is that most traders do use telegram for signals but not for the actual trading, we need to be wise.

dansus021

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Quote from: Ojima-ojo on March 15, 2024, 11:01:47 AM

Quote from: dansus021 on March 15, 2024, 10:38:13 AM

I never know that telegram had a bot trading unless the bot to buy some token in decentralized exchange but still I don't recommended because they need to be top up and you don't have private key same with Cex but telegram bot can be missing at any given time without law.

Nowaday there a bunch of trading bot out there the Cex itself actually had one

That is true, instead of risking on a telegram bots which is high chance to be fraud, it will be better to choose from one of the bots that cex exchange offer's and for that it need to be from a verified source unlike on telegram where there is no way to verify those bots.

Secondly anything that requires you to pay a fees on telegram is a direct scam, and if they want to offer such service it should be on a trial basis and not real deal directly, so the ops need to be very careful with that also.

Sometimes bot telegram is to good to be true hahahaha. I mean trading bot it maybe a new think on telegram I hear the biggest API trading 3Commas is hacked by hacker and play with dozen of people account I do believe this kind of attract can be happen on telegram too.

so if the OP really want to trade in telegram that is totally fine but I would suggest to do your own research first and do with your own risk unless you are a DEGEN

justdimin

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Quote from: Cryptoarmy36522 on March 15, 2024, 08:15:49 AM

hello everyone in the last 2 3 weeks i noticed a project name bubble bot claims to offers fast safe and efficient trading like spot trading leverage future trading but i am curious about the safety when i dig into this i found another projects like this unibot , Banana gun who also offers trading inside the telegram bot and they are already make a good position in market and the users who join the bot earlier get really amazing perks so what you guys think is it safe to use the telegram bot or not also investing in the bubble bot and holding their token for revenue sharing is worth it or not?

I don't recommend using such services. If you have enough time, you should learn to trade yourself and then make your trades manually instead of relying on bots and other third-party services, don't even join signal groups because they aren't reliable as well. And, if you think you don't have time for this, I would suggest you invest your money somewhere else, maybe don't trade and just buy and hold certain cryptocurrencies such as Bitcoin and ETH.

People that don't have time to learn trading shouldn't get into it because trading would require a lot of time from you not just when you are learning but also when you are trading because you will need to read charts, apply indicators, analyse the market, and predict potential ups and downs.

Y3shot

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Quote from: Volimack on March 16, 2024, 02:10:10 AM

Better to do your own research before trading telegram bots tend to be scams. The number of hackers in telegram is high so you have to be careful about your own security. Your own research from crypto bots allows you to fully automate the trading process and make it more reliable safe and efficient in terms of income and at the moment of market promotion.

You are very correct. One needs to be very careful having things to do with telegram. Their are lots of scammers in telegram disguising to be genuine. Most newbies always think telegram is a place where thing can be easy for them because of the trading channels telegram trading bot but I can guarantee you that a lot of this one telegram are scam which one needs to be very careful with.

2Pizza410000BTC

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Quote from: Cryptoarmy36522 on March 15, 2024, 08:15:49 AM

hello everyone in the last 2 3 weeks i noticed a project name bubble bot claims to offers fast safe and efficient trading like spot trading leverage future trading but i am curious about the safety when i dig into this i found another projects like this unibot , Banana gun who also offers trading inside the telegram bot and they are already make a good position in market and the users who join the bot earlier get really amazing perks so what you guys think is it safe to use the telegram bot or not also investing in the bubble bot and holding their token for revenue sharing is worth it or not?

Website: https://bubblebot.finance/

I don't see any reason to use Telegram bot for crypto trading. I have never used a crypto trading bot for trading. Self analysis is always the most important thing for trading. If bot trading on trading platforms was so successful then people would always trade massively on trading platforms and earn millions of dollars. There are many risks due to which many trading platforms are used and everyone trades using their own. I don't think it's worth holding their tokens for bubble bots and revenue sharing.

husencoe

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Working with bots may seem like a great idea to you because you have a greater chance of winning, but in reality that not be happend. Do you trust your luck with a bot that you don't even know the logic of the process it goes through? Especially telegram bots that are not verified, of course this is more dangerous. Are they willing to provide compensation if the analysis is wrong? I think there is no such agreement. Stop depending and using other people for trading. Learn for yourself and do it yourself. Use a demo account to learn so you understand how it works. Don't believe in promises and sweet hopes if you don't want to lose your money. Or if you are lazy about studying, just invest in Bitcoin and ETH, and it's all done.

Dailyscript

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In my opinion dont use any telegram bot for trading. It is not a good idea. The signals given there are for scam coins once they release a buy order, if you end up buying waiting for the price to pump and when it does you wont be able to say again to take your profit.

The owners of this channel are professional scammers using a celebrity account on instagram claiming a professional and successful trader account on instagram. They send random messages to instagram users which is one of the reason instagram restricted some cryptocurrency account. If you want your money safe avoid telegram bots and channels. Also avoid pm from strangers who claim they are bla bla.

BarryBoos

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I am a pretty big fan of Telegram in general.

You could develop a bot by and for yourself that broadcasts new coin launches in your private channel and enable you to act quickly on early-investment trending tokens for example

Other than that, I wouldn't other peoples bots

Pandji02

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Quote from: Claymore2 on March 16, 2024, 12:02:13 AM

I wouldn't recommend relying on Telegram bots for crypto trading. If they were truly effective, they wouldn't be selling their services. Following their advice could lead to losses. From what I've seen, Bubblebot doesn't seem trustworthy based on their website and social media. It's essential to be cautious and do your research before trusting any trading service.

True, trading on any social media sounds weird and dangerous, I wouldn't even try it. There are no guaranties at all, it's even safer to buy and keep your coins on an exchange.

Volimack

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Better to do your own research before trading telegram bots tend to be scams. The number of hackers in telegram is high so you have to be careful about your own security. Your own research from crypto bots allows you to fully automate the trading process and make it more reliable safe and efficient in terms of income and at the moment of market promotion.

Claymore2

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I wouldn't recommend relying on Telegram bots for crypto trading. If they were truly effective, they wouldn't be selling their services. Following their advice could lead to losses. From what I've seen, Bubblebot doesn't seem trustworthy based on their website and social media. It's essential to be cautious and do your research before trusting any trading service.

Topic: Is it safe to use Telegram bot for trading ? (Read 255 times)