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Topic: What would you to like to see in a crypto investing bot? (Read 182 times)

sr. member
Activity: 2296
Merit: 256
To be honest, I don't expect much about bot features in trading, maybe because of bad experiences and many reviews that fail to use bots, that's why I avoid using bots, if anything I would hope for bot features that can trade automatically and provide accurate signals. accurate at least 75% but I think it will never exist, if it existed people wouldn't have to work so hard to make money
sr. member
Activity: 1554
Merit: 334
It's simple, it can trade for me and the margin of error for it's trades are close to 1%, that's the only thing that will make me want to use a bot. It should also include the fact that it's dumb proof like you just need to do some small set ups and then you can start doing the trades, it might seem like an impossible dream for others but I do believe in the power of AI and that if it becomes perfected, it will probably help with all the automation and stuff. I do hope though that the current problems with AI is a temporary and not a big obstacle that will stop the development because I think that there's a future to this, I just hope it's not the Skynet AI future though.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
Easy, something that no free trading site offers, which is tax recommendations on your trade.

Crypto bots should make it so super easy, to track all your trades, feed into your API, check your deposit against withdraw, check interest earned etc even type of tokens traded so NFT makes different case for example in tax purposes.

Then calculate based on your country, and offer recommendations for tax.
hero member
Activity: 3080
Merit: 603
You have mentioned it already that most bots fail shortly and even if you ask the features that the consensus wants to have, it wont change a thing or two and that is why it is not going to make sense. No matter what features you want to add,still there will be no perfect bot and it is still not going to give us guarantee to win ourtrades. Because if so, everybody have already bought each of it in the market.
full member
Activity: 367
Merit: 136
As crypto traders, we all know the struggle. Analyzing charts, monitoring news, and navigating volatile markets can leave most people feeling overwhelmed and exhausted. Crypto trading bots have been extremely helpful in that regard, with the promise to automate the process and help us make informed decisions.
But let's be honest, most bots out there fall short. They lack the features we need to thrive in the ever changing crypto market. So, my question to you is what do you want to see in your dream bot?
Actually a crypto trader never uses a bot. Although the currently existing trading bots cannot show any good strategy that a trader is able to adopt. Maybe many people don't pay much attention to bots because they didn't get good results using trading bots. The answer to the question you asked is very simple. If any future developers can create smart bots, it will be a very changing thing in human history. Which most traders will start using and enjoy the results.
jr. member
Activity: 142
Merit: 1
This is something most of us are missing to understand with the use of bots. The difference between this bots and human is emotion. Since they are machine programed, they trade without emotions because they have no feelings but as far as they still lose trade, they are not too better than humans. Some people believe that bot can give them 100 percent accuracy based on what they read online but that's very far from reality.

Please, read my latest comment (#15 in this thread) and share your opinion. Thanks!
jr. member
Activity: 142
Merit: 1
If you can't do it on your own, then trading is not for you. As I said before it's not always about calculation and mathematical terms. So you can't always win even if you have your dream bot with all the feature, if it does not have human emotions.

That's a great point. As an investor, I wouldn't feel great if I were investing in something I couldn't manage myself. But what about all the people who just want to profit and grow their savings - let's say a retired couple who worked all their lives and now have an opportunity to grow their pension savings with a platform where bots are supervised by experienced traders? Where the bots don't make the trading decisions but provide lightning-fast calculations and in-depth analyses to spot high-reward investing opportunities?

Or should we just avoid AI bots for trading on principle in your opinion?
full member
Activity: 756
Merit: 107
Buzz App - Spin wheel, farm rewards
As crypto traders, we all know the struggle. Analyzing charts, monitoring news, and navigating volatile markets can leave most people feeling overwhelmed and exhausted. Crypto trading bots have been extremely helpful in that regard, with the promise to automate the process and help us make informed decisions.
But let's be honest, most bots out there fall short. They lack the features we need to thrive in the ever changing crypto market. So, my question to you is what do you want to see in your dream bot?
I have used many bots since the beginning of my trading but none of them could give me accurate information in the right time so I think I haven't found such an effective trading bot yet. If you have used any such active or productive bot then can you suggest me
sr. member
Activity: 672
Merit: 353
As crypto traders, we all know the struggle. Analyzing charts, monitoring news, and navigating volatile markets can leave most people feeling overwhelmed and exhausted.

These things you mention are the things that make someone a trader, so if you are complaining or still yet to know them or complaining that you get exhausted while going through them, then definitely you are still yet to be successful traders because a good trader doesn't even think about AI bots; all they know is to work with their knowledge and analyse the market and take the next step to their trade, not until they use the AI bot. However, a trader who uses AI doesn't know how hard it is to trade or how hard it is to analyse the market because they don’t use their brain to analyse; they wait for AI to do things for them, which is wrong and can make a trader too lazy to even learn some new things.

Quote
Crypto trading bots have been extremely helpful in that regard, with the promise to automate the process and help us make informed decisions.
But let's be honest, most bots out there fall short. They lack the features we need to thrive in the ever changing crypto market. So, my question to you is what do you want to see in your dream bot?

Normally, bots cannot work as we want, and you cannot appropriately use bots if you don’t know how to trade because you will not be able to set them up well. However, AI bots are not functioning properly at the end; they only work when they are newly started, but when time goes on, they stop functioning properly, and that is why I don’t trust or use them.
legendary
Activity: 2338
Merit: 1354
(....)
They lack the features we need to thrive in the ever changing crypto market. So, my question to you is what do you want to see in your dream bot?
My dream bot is will get or copy strategy from a profitable trader with high AUM and the bot is passive, the bot will only copy or learn from most profitable trader.
Every dream of us is to have a profitable trading portfolio, and with the help of a bot, we can achieve it. That's my only dream.
member
Activity: 238
Merit: 68
The forum of keyboard warriors & crypto pro's!
As crypto traders, we all know the struggle. Analyzing charts, monitoring news, and navigating volatile markets can leave most people feeling overwhelmed and exhausted. Crypto trading bots have been extremely helpful in that regard, with the promise to automate the process and help us make informed decisions.
But let's be honest, most bots out there fall short. They lack the features we need to thrive in the ever changing crypto market. So, my question to you is what do you want to see in your dream bot?

It would for sure be the ultimate thing to give emotions to bots, I don't think its possible either, but if it was would we dare to do it? Give emotions to robots etc?  Cheesy
sr. member
Activity: 784
Merit: 364
As crypto traders, we all know the struggle. Analyzing charts, monitoring news, and navigating volatile markets can leave most people feeling overwhelmed and exhausted. Crypto trading bots have been extremely helpful in that regard, with the promise to automate the process and help us make informed decisions.
But let's be honest, most bots out there fall short. They lack the features we need to thrive in the ever changing crypto market.
So, my question to you is what do you want to see in your dream bot?

That's one reason why you should not rely on bot for your trade if you are really serious with your trading activity and willing to improve on yourself. I personally don't fancy trading using bot despite their features but for the sake of question you asked, I will like to see a bot that would be intelligent, intuitive and adaptable. It should be able to learn from the rapidly changing crypto market and adapt its strategies accordingly with some advanced features such as the ability to automatically place orders and execute trades without my notice if the market is conducive and I am not around to give order.

Personally my biggest regret is the fact that bots are buying based on some data, and I can buy according to that data, if there is a both that can buy based on something that I can't replicate myself then I would consider that as good and understand that it would be my benefit, of course depending on the results, but I want a bot to be able to do something I can't do.

All the bots that we have right now, are software that does stuff that I can do too, but it does it 7/24 non-stop, that is literally all that it offers, be able to do it constantly non stop for things that I can do myself as well. I want it to be able to go beyond that, do something I can never do, have a higher grade of result that I would never be able to reach.

This is something most of us are missing to understand with the use of bots. The difference between this bots and human is emotion. Since they are machine programed, they trade without emotions because they have no feelings but as far as they still lose trade, they are not too better than humans. Some people believe that bot can give them 100 percent accuracy based on what they read online but that's very far from reality.
sr. member
Activity: 560
Merit: 326
As crypto traders, we all know the struggle. Analyzing charts, monitoring news, and navigating volatile markets can leave most people feeling overwhelmed and exhausted. Crypto trading bots have been extremely helpful in that regard, with the promise to automate the process and help us make informed decisions.
But let's be honest, most bots out there fall short. They lack the features we need to thrive in the ever changing crypto market. So, my question to you is what do you want to see in your dream bot?
Personally my biggest regret is the fact that bots are buying based on some data, and I can buy according to that data, if there is a both that can buy based on something that I can't replicate myself then I would consider that as good and understand that it would be my benefit, of course depending on the results, but I want a bot to be able to do something I can't do.

All the bots that we have right now, are software that does stuff that I can do too, but it does it 7/24 non-stop, that is literally all that it offers, be able to do it constantly non stop for things that I can do myself as well. I want it to be able to go beyond that, do something I can never do, have a higher grade of result that I would never be able to reach.

I don't think that it is possible for bot to be giving accurate information about trading, because no one or machine can accurately predict the future. If it were possible them everybody will be millionaires, because we'll be very sure will of what the outcome of trading will be and put all our money into it. In the end crypto trading will definitely shut down, including other forms of trading like forex.

So for me bot is to aid in trading, not to replace the human factor of analysing and predicting the outcome of trading. We can not expect more from bots, because trading depends on futuristic outcomes, so either humans or machines have to depend on analysing probabilities of data's available to be able to predict results, and this can not give accurate results.
legendary
Activity: 3052
Merit: 1188
As crypto traders, we all know the struggle. Analyzing charts, monitoring news, and navigating volatile markets can leave most people feeling overwhelmed and exhausted. Crypto trading bots have been extremely helpful in that regard, with the promise to automate the process and help us make informed decisions.
But let's be honest, most bots out there fall short. They lack the features we need to thrive in the ever changing crypto market. So, my question to you is what do you want to see in your dream bot?
Personally my biggest regret is the fact that bots are buying based on some data, and I can buy according to that data, if there is a both that can buy based on something that I can't replicate myself then I would consider that as good and understand that it would be my benefit, of course depending on the results, but I want a bot to be able to do something I can't do.

All the bots that we have right now, are software that does stuff that I can do too, but it does it 7/24 non-stop, that is literally all that it offers, be able to do it constantly non stop for things that I can do myself as well. I want it to be able to go beyond that, do something I can never do, have a higher grade of result that I would never be able to reach.
sr. member
Activity: 1148
Merit: 252
Undeads.com - P2E Runner Game
some people may be comfortable using bots but for me it is better to trade using your own analysis, but setting a stop loss and TP for the target so just look at the marker and analyze then enter and set sets for both.
legendary
Activity: 2156
Merit: 1622
But let's be honest, most bots out there fall short. They lack the features we need to thrive in the ever changing crypto market. So, my question to you is what do you want to see in your dream bot?

Open source code so that I can verify that my API keys are secure. no one wants to end up with 100,000 3Commas users whose API key was used in the attack.
And I say it right away. I don't want to hear that if you give an correct API key to the bot, it can only make transactions and can't withdraw funds. Scammers use illiquid currency pairs to empty such keys by buying tokens with their money and then pumping token price using victims money from api keys.
hero member
Activity: 938
Merit: 703
Do you really believe that a bot can make you profitable for that long and without doing anything? I believe is so hard especially with crypto, the market is not always stable to expect it move and when is the time to take your profit or stop your loss. What I have learn is that, nobody is able to predict when it’s the perfect time for entry and exit.
Trading bot are also programmed by human people, so If you understand or learn a strategy. It doesn’t matter id you apply it manually or automatically with a bot, your dream bot is just the one that can make you profit most of the time but the hardest and risky part is if the bot doesn’t break and do the opposite when your strategy have issues.
full member
Activity: 1484
Merit: 136
★Bitvest.io★ Play Plinko or Invest!
As crypto traders, we all know the struggle. Analyzing charts, monitoring news, and navigating volatile markets can leave most people feeling overwhelmed and exhausted. Crypto trading bots have been extremely helpful in that regard, with the promise to automate the process and help us make informed decisions.
But let's be honest, most bots out there fall short. They lack the features we need to thrive in the ever changing crypto market. So, my question to you is what do you want to see in your dream bot?
The truth is, AI, or bots, trading bots are still not advanced or cannot manage to automate the trading. Its because AI now a days, yes, is being advanced, but the thing is, in the field of trading, AI can't handle this field. Why? Simply lack of information, AI rely on information or data stored to them or programmed to them, and as we know, trading is unpredictable, especially since coins or cryptocurrency are volatile and their movements depend on many factors, so jow can. Can artificial intelligence handle it? Yes, trading bots will be really helpful if they are reliable, because trading bots are now vulnerable to failure as they are still not optimised to handle such trading. But even if AI or trading bots can handle trading in the future, I will still be against it. Imagine all of us using this tool and keeping on winning; then there will be no balance.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
Trading bots that are currently existing don't really have any better trading strategies that are able to supper real traders, and that's the reason why traders don't give much attention to trading bots. With what your question is, I think the answer is simple. If developers can be Abel to build a very smart bot that can outsmart human traders and be able to make more successful trades than humans, then the majority of traders will be satisfied with it and will definitely start to use it.
sr. member
Activity: 1008
Merit: 366
But let's be honest, most bots out there fall short. They lack the features we need to thrive in the ever changing crypto market. So, my question to you is what do you want to see in your dream bot?
I want human emotion and sentiments in my dream bot. Can you implement that in the bot? I don't think so. And that's my point. I don't like trading bots at all. You can calculate analyze the market as much as you want with your strategy and data, but the real market movement does not always happen based on calculations. There are human sentiments and emotion attached to it which could lead the market to go entirely the opposite direction of your prediction. Or should I say your bot's prediction.

If you can't do it on your own, then trading is not for you. As I said before it's not always about calculation and mathematical terms. So you can't always win even if you have your dream bot with all the feature, if it does not have human emotions.
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