Bitcoin Forum

Hello. Wanted ask you couple questions and also want to know your opinions. I am working only nightshifts so spending free time reading articles also reviews about apps and stuff around.
I am a beginner with crypto currency trading I know some things about this but I'm not pro.

Always wanted try cryptobot and I found some called Cryptohopper .. good review , people making videos about it. Semi - automated trading bot. I heard almost everyone are using bots these days so I decided to try one too but before I do something I would like to ask some questions get some advices from more experienced people witch already knows "how to".

I am already holding on binance some currencies (SC 😭😭) so I want to make a new Bitcoin deposit on bitrex account and with this deposit I would like to trade with a bot. Here are my questions :

Did I chosse a good bot ? I mean there are many bots.
Can I work with low deposit like I don't know 200-300€?
What do you think about that "hamster signals" or how's that called.
Just want to workout with low deposit and make some money. I don't expect 1000€ in on month haha. Well I do expect it but not of course in one month.

Alright that might be all. Looking forward on your answers and thank you.

Interesting. They seem to be offering a 1 month free trial but I find it strange that the only people I saw posting about it here in bitcointalk are newbies.

Theres a cryptohopper account thay posted this ANN thread:

https://bitcointalk.org/index.php?topic=3138285.0

Some posts about it here:

https://bitcointalk.org/index.php?topic=2838366.0
https://bitcointalk.org/index.php?topic=3802644.0


With that amount of money and with good selection of coins to trade, it is not impossible that you can reach your target profit in a month.

Yes i'm agree with you, the account just only newbies and only have 1 activity (doesn't active again) and also member that replies newbies too. Or maybe he only want to get member at btt forum


I don't know which one bot trading doing well but if me i will trade with my own not by bot. Because I can get many experience how to read fundamental and technical analysis.
With money 200-300€ i think it's enough for trying your first trading and binance is best place i think because at there many coin pump every day. When you choose right coin i think it's possible you can get 1000€ or more. So good luck...

not really!
i have a trading bot but i only use it for specific tasks or strategies, i don't really use it for trading per se. and you don't NEED a trading bot to trade and make profit. you can use the web interface of the exchanges to trade anything you want and still make a lot of profit but as long as you know how trading itself works. a bot is not going to even be useful if you don't know that already and don't have at least some trading experience.

Did you already take a look at Gunbot (https://bitcointalk.org/index.php?topic=1715214.0) or C.A.T (https://bitcointalk.org/index.php?topic=507103.0) ? They have pretty good reputation on here, but their software are not free. To be honest i never heard bot that you use, so i don't know if that good or not, we don't know if that bot contain any suspicious thing. I'm not promoting this software.

Yeah I heard some people are using bot for trading but I don't know if it is safe..

Right there's still a element of human intervention needed instead of totally relying to AI. For me trading newbies shouldn't explore trading bot. They should gain understanding how the trading floor works. Bots won't give you that experience, in my opinion. You might end up losing more if you didn't now to used those bots in the beginning, so its not really advisable, we still need to go this trading journey and learn from it as we go along.

Trading via boy is not advisable cause not all the work can do by the bot sometimes they forget to do the work. The bot can also do a big mistakes.

I am not sure what others are talking about this bot but as whole I dont like the concept of trading bot itself. They are just bot and they cant make decisions above their programming and thus they may fail at some point. I know that they dont have emotions and stuff like that which can be advantages while making the trades but it is dangerous too as they may just end up draining your wallet in the want that they have to recover the losses over profits. The only bot that I saw having good reviews is called as Gunbot. But im sure you should make your research over it and they try it. If I were you then I would just trade by myself.

If you are beginner then it is much risky to trade with bots and small deposits no where we can reach the desired profits so better start by yourself,you no need to spend much time for trading unless you want to do this as your only profession you can buy and sell few times a week and make some profits this is better than spending your money for a bot.

 Definetly check out Gunbot.

 It has been one of the biggest automatic trading bots out there for a long time now and the user count is getting bigger everday reaching over 7000 users by now.

 It has insanely great indicator strategies and make sure you win in any case even if the market is going down.

 The price of it is definetly worth for what it is and I believe its honestly even cheap for what it can achieve for you.

 I have used all the bots in the market for market research and not made even remotely similar results with any of them.


 Check out : gunbotresellers.com , I can help you with any issues or questions you may have from https://t.me/captaincorporate

Why use them ? Just to make a faster trade or something like that. I have not even used any bot before but I can say that they are the worst way of trading the crypto currencies. To be frank with your personal instinct and market research you can make far better trades and earn more than enough profits that a bot may or may not give you. You may need to purchase the licences first and thus you will have to cover the investment first and then start getting your real profit. You may or may not receive the profits form it. I believe in trading from your own skills and not depending upon the artificial stuff.

you need to be very careful while using bot as trading as there have been some instances of API abuse/ hacks which leads to a lot of complications and which may lead to loss of funds by foul trades from your API. If you yourself can make the personalized bot which suits your needs then it may be on the much safer side. But still, I prefer manual trading.

It is not a method of income that I recommend, because this method is usually a waste of time. From time to time it is possible to lose revenue due to software problems, occasional hack situations and occasional troubles such as wrong API orders. I used it for months in the past months, but as I said I do not recommend it. I kept the mistake of buying and selling orders from my girlfriend, I made mistakes with mistakes until the wrong balance was entered and these lines always reflected to me as negative. For that reason, I would advise you to do medium-term trading instead of trading boats. You can be sure that this method will be much more profitable for you.

People use bot most of the time when they really do not have much time to trade on their own which to me should not be an excuse as there would always be a pattern of trading that would suit you eventually anyway and it does not have to be short term.

However, for those who are so keen about the short term fluctuations, bot is not a bad idea. However, bot can only make sense for you if you have a good strategy and the good thing about bot is that it executes your strategy without any emotions.

For that amount, you are sure good to go, but I am not sure I have heard about the particular bot you mentioned, but rather than go with a bot like that, why not use very common ones like Gunbot.

Firstly, most people here use bots because they don't know anything about trading at all. Secondly, the far majority of the bots that these people use are what I call mass production bots, all using an algorithm configured to how the issuer of these bots think it should function. In other words, a massive point of failure.

The issuer of these bots can sell that information to market makers or simply exploit it himself. If you know how these bots act and think, you can easily manipulate them. Best is to have someone custom code a bot for you, but of course, it will be an expensive initial investment for most people.

The only thing I do agree with is that you don't have to fight against your emotions when you have a bot do the trading for you.

I will tell you so. I'm using a telegram bot. You should be there and say on request crypto bot. Bots are paid and you need to pay there to get good signals. Yes, you may be right that you can earn on day trading, but I prefer other income.

Trading through the bot is the so-called traffic arbitrage, and I think this is a great opportunity to make money on it, the most important thing is that you have enough money to replenish all available exchanges, not only bitrex. Good luck

I also think like that and worry that the bot is dangerous to trade cryptocurrency assets on the market, but I am also still curious because I have never tried cryptocurrency trading bots

you can use any of bots in out there but the most important you need to know the basic of trading itself. before you use any of bot, you need to know the command to run the bot so you can gain benefits from the bot. before you buy that bot, maybe you need to compare with the other bot so you know what the pros and cons so you can choose what you need. using bots means you are trying to semi-automate your trading so you don't have to use your emotion especially if you cannot handle the emotion when the market is run from your prediction.

using 200-300€ it's good option while you can see how the bot works in the market and from that amount, you can see how much profit you can get with the bot. the bot will catch the signals from the telegram premium signal or any of channel if the bot works from the telegram or if the bot gets any signal from the market, then the bot will make an action. so you need to learn the basic of the trading bot and this is a must thing that you need to know before you run the bot.

Exactly! One thing about this market is that with a very great knowledge, you can always do your trading all by yourself. Asides from day trading, you do not have to spend your whole time in front of a chart as you can easily make do with swing trading patterns which can be quite effective for those who may not have much time to dish out for trading.

However, it is still not a bad idea though, if he still wants to use bot, since he already know some few details needed to know, but my advice would be to use something that has been very well used by high esteemed members and not just some rating given by some newbies.

Yeah, bots can be really convenient when you have limited time to check the market from time to time but in general, it's still better to have your own input and reaction to a trade you're making. Bots have limitations that your own decisions can make up for in moments.