Who currently has more subs? | Bitcointalksearch.org

exchange.blue

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People don't understand anything here. I'm pretty certain that most of the people here don't know how it is to actually take risk (if they even know what risk actually means), or even work for money rather than begging for it or expecting it to grow on trees. This is exactly why a lot people here end up burning themselves in the worst possible way.

I do like bots, but I'm just too paranoid to use one myself, because I can't sleep not knowing how the market will trash whatever my bot was up to.

I do wonder though, with how most of these 'mass produced' bots continue to gain more traction within this market, there could very well be an incentive for those behind the development of these bots to sell that information to market makers and whatnot. From there it's very easy to fool these bots continuously, because you know exactly what they are programmed to do.

Whether you want it or not, humanity is rapidly moving in the direction of AI... its only the matter of short time until bots will completely take over... so suggest to get used to!

just FYI, a flexible/ smart bot will be able to generate revenue regardless of the market conditions...

exchange.blue

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Quote from: buwaytress on February 04, 2019, 02:15:16 AM

Quote from: exchange.blue on February 03, 2019, 11:18:42 AM

Quote from: BitBustah on February 03, 2019, 10:57:18 AM

If these trading bots were guaranteed money making machine then there would be no need to sell it. The creators would just use it themselves and make large gains. They know it doesn't work half the time and it is essentially useless in a unpredictable market.

You should consider widening your perception of this world.. There is no guarantee in anything, especially in half evolved, unstable crypto market.! When someone makes any guarantees at all, there is certainly a catch! During birth, even a child isn't guaranteed to survive.

Yeah, I don't think the good bots ever really promised to make people profits on themselves. What people were selling and "guaranteeing" were their strategies, using the bot to autopilot. Gunbot I recall distinctly was meant to aim for very low daily profits, based on rapid buying and selling - not something all bots were able to do at the time.

The bot software is one thing and bots do have usefulness for testing (and at time executing) rapid-closing strategies.

You're right! Usefulness of any promising bot is directly depend upon its ability to adjust to any market conditions. The best bot its the one that can offer enough settings / flexibility for a user to be able to deploy adjustable strategies that can be adopted to any market.

buwaytress

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Quote from: exchange.blue on February 03, 2019, 11:18:42 AM

Quote from: BitBustah on February 03, 2019, 10:57:18 AM

If these trading bots were guaranteed money making machine then there would be no need to sell it. The creators would just use it themselves and make large gains. They know it doesn't work half the time and it is essentially useless in a unpredictable market.

You should consider widening your perception of this world.. There is no guarantee in anything, especially in half evolved, unstable crypto market.! When someone makes any guarantees at all, there is certainly a catch! During birth, even a child isn't guaranteed to survive.

Yeah, I don't think the good bots ever really promised to make people profits on themselves. What people were selling and "guaranteeing" were their strategies, using the bot to autopilot. Gunbot I recall distinctly was meant to aim for very low daily profits, based on rapid buying and selling - not something all bots were able to do at the time.

The bot software is one thing and bots do have usefulness for testing (and at time executing) rapid-closing strategies.

1Referee

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Quote from: exchange.blue on February 03, 2019, 11:18:42 AM

You should consider widening your perception of this world.. There is no guarantee in anything, especially in half evolved, unstable crypto market.! When someone makes any guarantees at all, there is certainly a catch! During birth, even a child isn't guaranteed to survive.

People don't understand anything here. I'm pretty certain that most of the people here don't know how it is to actually take risk (if they even know what risk actually means), or even work for money rather than begging for it or expecting it to grow on trees. This is exactly why a lot people here end up burning themselves in the worst possible way.

I do like bots, but I'm just too paranoid to use one myself, because I can't sleep not knowing how the market will trash whatever my bot was up to.

I do wonder though, with how most of these 'mass produced' bots continue to gain more traction within this market, there could very well be an incentive for those behind the development of these bots to sell that information to market makers and whatnot. From there it's very easy to fool these bots continuously, because you know exactly what they are programmed to do.

exchange.blue

member

Activity: 420

Merit: 40

Quote from: BitBustah on February 03, 2019, 10:57:18 AM

If these trading bots were guaranteed money making machine then there would be no need to sell it. The creators would just use it themselves and make large gains. They know it doesn't work half the time and it is essentially useless in a unpredictable market.

You should consider widening your perception of this world.. There is no guarantee in anything, especially in half evolved, unstable crypto market.! When someone makes any guarantees at all, there is certainly a catch! During birth, even a child isn't guaranteed to survive.

BitBustah

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Activity: 1218

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If these trading bots were guaranteed money making machine then there would be no need to sell it. The creators would just use it themselves and make large gains. They know it doesn't work half the time and it is essentially useless in a unpredictable market.

exchange.blue

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Activity: 420

Merit: 40

Quote from: buwaytress on February 03, 2019, 07:04:19 AM

Quote from: AdolfinWolf on February 02, 2019, 04:46:02 PM

Quote from: exchange.blue on February 02, 2019, 03:29:40 PM

never heard of the two listed above before.... do you have any experience to share?

Not really.
In their primetime a license for one of these bots was 1000$+ i think, and i never really had the need for something to automate my trades.

They're kind off on their way out it looks like now that bitcoin has fallen so much in price. I see people offering Gunbot licenses for 50-70% off.

That really is a sign of the times. I know the standard's always been the tenth off, but more than half price is some indication that they no longer work, or merely make it a step or two more convenient than just having your own automated strategies.

Bitcoin price really shouldn't have played a part, it's the volatility that's key, the way I understand daily trading with these bots (anything weekly or more doesn't to me seem to require bots!).

Might be more of a case that all strategies worked during the '17 bull. And all no longer working in current precipitation.

I agree, those with fewer settings that were specifically designed for the bull market like the cryptohopper must've lost shitload of subs in 2018

exchange.blue

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Quote from: AdolfinWolf on February 02, 2019, 04:46:02 PM

Quote from: exchange.blue on February 02, 2019, 03:29:40 PM

never heard of the two listed above before.... do you have any experience to share?

Not really.
In their primetime a license for one of these bots was 1000$+ i think, and i never really had the need for something to automate my trades.

They're kind off on their way out it looks like now that bitcoin has fallen so much in price. I see people offering Gunbot licenses for 50-70% off.

It doesn't seem like you can download the Gunbot without paying for it. That's a BIG red flag.

buwaytress

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Quote from: AdolfinWolf on February 02, 2019, 04:46:02 PM

Quote from: exchange.blue on February 02, 2019, 03:29:40 PM

never heard of the two listed above before.... do you have any experience to share?

Not really.
In their primetime a license for one of these bots was 1000$+ i think, and i never really had the need for something to automate my trades.

They're kind off on their way out it looks like now that bitcoin has fallen so much in price. I see people offering Gunbot licenses for 50-70% off.

That really is a sign of the times. I know the standard's always been the tenth off, but more than half price is some indication that they no longer work, or merely make it a step or two more convenient than just having your own automated strategies.

Bitcoin price really shouldn't have played a part, it's the volatility that's key, the way I understand daily trading with these bots (anything weekly or more doesn't to me seem to require bots!).

Might be more of a case that all strategies worked during the '17 bull. And all no longer working in current precipitation.

exchange.blue

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Quote from: buwaytress on February 02, 2019, 03:45:30 PM

I must be a dinosaur myself, then, @SlowDeath... and even worse, I didn't recognise any of the bots listed by OP. Ask me now and I can only remember Gunbot that's the most popular on this forum (and also if I recall rightly, on BH forum). The only other bot I can name is for martingale on dice sites haha.

I know bots are still popular, but there were a few platforms in 2017 that encouraged people to sell their strategies rather than the bots itselves on marketplaces. You basically buy or rent the strategy for your bot, and then you could create your own and put them up for sale too.

Also all those AI trading algorithms.

Wonder where they've all gone to?

I picked these 4 based on:

1. Setting variety / flexibility
2. Significantly large telegram community
3. Great Youtube / Google exposure
4. personal trading experience
5 Professional approach

I'd say moonbot is the king due to its insane speed and flexibility. however the set up process is very complex.. requires VPS set up etc... Many people would not bother. 3commas on the other hand is slower, but it's web based with fewer settings features and excellent community and support team.

AdolfinWolf

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Quote from: exchange.blue on February 02, 2019, 03:29:40 PM

never heard of the two listed above before.... do you have any experience to share?

Not really.
In their primetime a license for one of these bots was 1000$+ i think, and i never really had the need for something to automate my trades.

They're kind off on their way out it looks like now that bitcoin has fallen so much in price. I see people offering Gunbot licenses for 50-70% off.

buwaytress

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I must be a dinosaur myself, then, @SlowDeath... and even worse, I didn't recognise any of the bots listed by OP. Ask me now and I can only remember Gunbot that's the most popular on this forum (and also if I recall rightly, on BH forum). The only other bot I can name is for martingale on dice sites haha.

I know bots are still popular, but there were a few platforms in 2017 that encouraged people to sell their strategies rather than the bots itselves on marketplaces. You basically buy or rent the strategy for your bot, and then you could create your own and put them up for sale too.

Also all those AI trading algorithms.

Wonder where they've all gone to?

exchange.blue

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Activity: 420

Merit: 40

Quote from: AdolfinWolf on February 02, 2019, 07:10:00 AM

Hmmm. I've never heard of any of the bots listed here. The only bots that i know, and are i *think* are also the ones that are most popular, are both C.A.T.[1] and GUNBOT[2].

Both of which you seem to not include..? Why?

[1] https://bitcointalksearch.org/topic/bot-cat-cryptocurrency-automatic-trader-new-price-list-042021-507103
[2] https://bitcointalksearch.org/topic/gunbot-automatic-poloniex-profit-generator-1715214

never heard of the two listed above before.... do you have any experience to share?

BitHodler

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Quote from: Lassie on February 02, 2019, 03:07:57 AM

Bots lets you trade even if you are not around but it doesn't mean sure profit. I once used a bot to trade for me but the result isn't satisfying as I expected and I didn't use it afterwards. If people are more familiar by trading manually, so be it but bots just make it easy for you, about the profit its just the same

What did you expect, money to flow right into your pocket? Trading, regardless of it being done manually or in an automated manner through bots, is still based on probabilities.

I have seen people hype up bots continuously as if they allow you to generate passive income, which is potentially true theoretically, but what you can't control is how much it profits, and within what time frame it profits.

It might very well be that bots lose one or two weeks in a row, but make up for it after a month or so. I sincerely hope that people one day realize that free money doesn't exist--everything involves risks.

AdolfinWolf

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Hmmm. I've never heard of any of the bots listed here. The only bots that i know, and are i *think* are also the ones that are most popular, are both C.A.T.[1] and GUNBOT[2].

Both of which you seem to not include..? Why?

[1] https://bitcointalksearch.org/topic/bot-cat-cryptocurrency-automatic-trader-new-price-list-042021-507103
[2] https://bitcointalksearch.org/topic/gunbot-automatic-poloniex-profit-generator-1715214

exchange.blue

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Quote from: Lassie on February 02, 2019, 03:07:57 AM

Bots lets you trade even if you are not around but it doesn't mean sure profit. I once used a bot to trade for me but the result isn't satisfying as I expected and I didn't use it afterwards. If people are more familiar by trading manually, so be it but bots just make it easy for you, about the profit its just the same

ehh, well nothing guarantees profit in this world..

Lassie

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Bots lets you trade even if you are not around but it doesn't mean sure profit. I once used a bot to trade for me but the result isn't satisfying as I expected and I didn't use it afterwards. If people are more familiar by trading manually, so be it but bots just make it easy for you, about the profit its just the same

exchange.blue

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Quote from: Slow death on February 01, 2019, 03:46:40 PM

after seeing this post I felt like I was in the age of the dinosaurs, will these bots bring better results in relation to doing trade manually? months ago I read about the bots, but I got bored and gave up. But looking at your post has made me wonder if there is any advantage in using these bots. Because what comes in my head is:

- Why do they sell these bots? Will not it be easier for bot owners to use themselves instead of selling?

- Do the owners of these bots use their bots?

its called revenue diversification

multiplying sources of income.. just incase shit hits the fan..

we're still in 60 billion dollar market, even if every single bot dev had strategy that constantly delivered 6 digits in monthly rev, there would still be plenty to be made even if each one sold 1k copies.

joniboini

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Quote from: Slow death on February 01, 2019, 03:46:40 PM

- Why do they sell these bots? Will not it be easier for bot owners to use themselves instead of selling?

Because their bots can't guarantee they will make profits. Trading bots are just a bot, they can make mistake because all of them depends on technical analysis which sometimes sucks. Selling these bots would be more profitable because they can get at least somewhat better income from users.

Quote from: Slow death on February 01, 2019, 03:46:40 PM

- Do the owners of these bots use their bots?

No one really knows. I tend to believe they don't use it or rarely use it.

Slow death

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after seeing this post I felt like I was in the age of the dinosaurs, will these bots bring better results in relation to doing trade manually? months ago I read about the bots, but I got bored and gave up. But looking at your post has made me wonder if there is any advantage in using these bots. Because what comes in my head is:

- Why do they sell these bots? Will not it be easier for bot owners to use themselves instead of selling?

- Do the owners of these bots use their bots?

Topic: Who currently has more subs? (Read 312 times)