Bitcoin Forum

I have read an article about some trading bot. These bots will do the trade for you. You have to do nothing but just set the bot according to the programme. These bots are making some good money for their users. According to the content. 

I am wondering, is this really possible? Should I buy a bot for trading?

I personally do not recommend bots, matket is not always the same, usually market is highly volatile and crazy movements are seen but these bots are not capable to understand the different market behaviors they just follow the instructions for entry exit of trades that is coded, so for me these bots are very risky softwares.

Yeah sure, if you know any programming language then you use any exchange API and build your own trading bots and program it to do what you want. The API offers many services you will normally get on the exchange.

Yes friend their are bots for trading.... Bot follows the instructions inputted on them the major thing about bot deals with program.... If you wish to buy or use bot for trading is a good idea.

Honestly I am scared to use some of those because I've heard many stories when people were just losing control of their money because of the particular type of fishing trading bots, that would be attempting to steal their information.

no I don't use bots when I trade on the market. I believe that such bots can not bring you profit.

Regularly, bots on exchange rates should only be used to schedule auto-buys or sell at an exchange rate set by them. I find that the function of the bot very effective for those who cannot always online to check the exchange rate. I often use that function to sell Tokens at the moment the exchange rate reaches the highest level.

Crypto's market is hard to predict and I doubt the bot algorithm can handle it all. lost control when trading will make us lose, so I suggest doing it manually

I really do not like bots. When you place a sale order, the bots will immediately order a smaller amount. I did not understand at first what was happening until I realized that they were bots.

Have you seen that hacked case caused by those people have used the bot that has been created a backdoor by the creator or seller? It's possible but you should not try to buy that consider it will be involved very high risk for your amount. Just like when the owner have been putting backdoor and he can steal your money anytime.

no, because basically bots will only be correct in predictions for only about 1 or 2 months, I never believe in bots. I better predict the price myself in trading. if you understand how to scalping, then I also advise you not to use bots for a long time. because bots are only man-made. and humans are far better than bots

No, I do not use these bots for trading. They are really annoying and mostly slow.I also think that they are not exactly safe. There is a great chance that they can also make mistakes, just like humans, and might get hacked because they are machines, and anyone can easily hack them if they choose to. I would not also recommend any one to use these bots for their trades.

Yes it is but it's not safe way for me and you should try to read this one
https://bitcoinexchangeguide.com/binance-cryptocurrency-exchange-hacked-from-trading-bot-via-api-keys/
There was a lot of possibility the bot has been putting the backdoor by scammer. you can try to use the only reliable trading bot which has created by the trusted member on this place. I thought you need to learn more about that

If you can trust in the bot designer, or it is designed by you directly, bot can help you to automatize many work; but at the very end, should be you who must take the hard decisions. Use a a bot as a helpful tool only.

No, I have never used such services, although I know that so many people do this, but all this does not in fact lead to anything good, because I think that now all the same it is necessary to be very serious in analyzing the project and the situation itself.