Bitcoin Forum

Trading bots help in executing the trades automatically and they use algorithms to detect trends of the market, on the basis of that you can execute the trades.
One of the benefits of bots is they trade based on analysis rather than emotions to avoid panic buying and selling as bots are not influenced by the psychology of a trader.
Artificial intelligence and Machine learning help bots to constantly develop and evolve, but what I think is there is a long way to go to beat human intellect. Human touch is very significant as a good trader can feel for the markets. If something unexpected is happening in the market then humans can adjust the trading plan accordingly, where the bot will run on the rules that are set. Recently one of my friends introduced me to a trading tool named SmartBotCoin.io (https://www.smartbotcoin.io/?utm_source=cc). I haven’t used this tool but bots or tools can still be helpful in some part of trading so I decided to check out the features on their website look good. I have seen many potential scams in trading tool category, so I want to be sure before using any crypto trading tool. Do you think it's worth trading on this tool?

I don't know if your friend did actually suggested or you just simply shilling out this Trading bot. Beating human intelligence is impossible and come to think that the Creators of

these bots are human itself which means they are far more superior than into these creations.,The thing here is that these stuffs do have the capability to read up algos and patters that can be saved up but overall these bots are just used for trade automation because at the end the trader would be still the one to set-up settings of these bots to be effective.

The only real advantage a bot can confer on their users at the moment is probably the speed of execution.If they were really more successful atmaking more intelligent trade decisions, there would have been more traders making use of them, intelligent trade in cryptocurrencies are a combination of both technical and fundamental analysis, news on fundamentals or announcements is not something a bot can easily and promptly analyse

Human intellectual will always be human intellectual, which is the dominion that God has already given us over some of these things, bot intelligence or artificial intelligence, is it still not product of human intelligence? So you know how powerful human being can be intellectual wise no matter the machine we have.

When it comes to trading of cryptocurrency or Forex trading, human being will always perform much more better than any bot service or artificial intelligence that may have been developed, so I would not really on any bot services that much because they can never perform to optimum as human will, better we learn strategies for trading personally and then always apply it manually even if we have to mix it with bot.

I would rather back my own research and findings over what a bot can see when it comes to investing. There are good bots on the market which are pretty stable in generating profit but as an individual, I'd rather look for a long term project to invest in, which would reward me in turn with a bigger chunk of profit.

I'm also into this, you can use these bots or any Artificial Intelligence products on trading on just using some indicators in your chart, like momentum indicator, you are not 100% relying on the bot.
For what I also see in the future of Artificial Intelligence in term of trading is really huge, but it is still like comparing a ROBOT to human, there are still some difference, not totally 100%. That's why it is much better to learn with yourself and help our minds become better, and you can use those bots or any AI products just to help you.

There are advantages and disadvantages over trading a bot vs human trading. I think it's a big subject all together actually.

For starters, arbitrage is popular in trading crypto, and for that, a bot is certainly better. If you only account for speed, there is no way a human can do it as fast as a bot. In that game, speed is everything. Also, don't forget human emotions get involved.  A trader could easily get into a crypto with the idea of arbing it and then decide to hold on to it a few extra minutes because 'it looks like its going up'. Next think you know, it tumbles and the 1% profit that was meant to be made has turned into a 5% loss.

While its true that there is the human touch involved in trading manually, most traders suffer terribly from making bad decision based on their emotions. Losing trades is inevitable and as humans we find it difficult to accept losses. Although that skill is very much a must to be a good trader.

The biggest pro i see to trading manually is being able to look at a variety of factors. You can look at correlation, how the general sentiment is, and make decisions based on that. The biggest downfall, as suggested above, is that emotions get in the way. This is especially true when a trader has a drawdown or a string of losses that start to really weigh in.

Not really if crypto trading bots are actually more profit then no one will exist doing trading manually so what is just to decreased effort after trader but not to give assured profits.Trading bots work like stop loss management in the way we are setting the algorithm for the trade so better stay away from bots especially if you are just a beginner in trading cryptocurrencies.

To keep thing simple: doesn't it all depend on how good you are as a trader vs how good the algoritm or bot is?

Not much info or details about the bot or algo's I found on the site so it's hard to say.

Unfortunately, many of the trading bots are being used for fake pumping.
In short, it is useful but a misleading tool and will not go beyond the human mind if that mind is an expert.
Sometimes greed is not bad, especially if it is governed by a vision, even if it is bold.
Also, some news and interactions cannot be calculated by bots.

The efficiency of a trading bot in terms of execution, cannot be denied and at the same time should not be over-emphasized. Trading bots are been built and designed by humans and as such cannot beat human intelligence. It is even said that trading bots should not be relied upon 100 per cent - as it does what it is been programmed for, considering that the market itself, has its own dynamics.

Another way of advertising a website to the forum ;). Not bad.

Trading Bot is a bot that has been created by people but still, I would rather choose to trade myself because I can adjust into any situations that can happen. The efficiency of trading using human intelligence is higher compare to using trading bot but the main reason why trading bots are created is because to reduce the stress.

It depends on the human that we are comparing. I mean there are humans who are idiots and trading bots can beat that easily, however there are great traders which I think it would be difficult to beat if you ask me. Hence I think depending on the human we are talking about bots could be either amazingly better or much worse but if we are gonna take the average I think it depends on the market.

For example, during a bear market where all is going down I would believe on an average human, not super smart not idiot, however on a bull run I would trust the bot more because bots know how to make money usually, they are good at that, I have seen plenty of bots that are great at that, however when it comes to bear markets not that many bots are good, I haven't even seen one that is good during bear market.

Bots are only programmed to perform a defined function. Therefore, it doesn't have the manipulating ability if anything goes wrong or of emergency. Bots are not human being and can't beat the imaginative and spontaneous ability of human being.

It however does many things at same time as programmed though.

Some bots are really smarter than certain traders. In this case, they can beat their "intelligence". However, finally, only a person decides whether to trade or not. Bots are just helpers - they do everything to give a trader more free time for something less stressful than comparing prices rates and form pairs. I do not see anything bad in these bots - they just help in my work.

This is a very interesting question. Given how artificial intelligence develops, we can say that it can compete with human intelligence. But in this issue I would still prefer a human. Yes, the bot does not give in to emotions, this is an undoubted plus, but only a person will be able to react correctly in some unexpected situation. In any case, the bot cant work without a person and it should be just as an aid, not a complete replacement for a person.

Trading bots and artificial intellegence are programmed by the human, thus in my humble opinion it's still human intellegence who's more superior. I'll be impressed if artificial intellegence will be able to program too. Going back to the topic, there are a lot of decision making can be made in trading; making artificial intellegence and beating human intellegence could be challenging can be doable but I think in other terms, not in all terms. For instance, a trading bot with artificial intellegence can trade all day without getting carried away. Human intellegence has a limit in working a day.

robots are robots, they can never surpass humans who have hearts and minds,
whereas the robot only performs according to the program,
whatever is offered and no matter how beneficial, human analysis remains the best, because the best decisions are based on heart, mind and not on the basis of the program.

Maybe the bot can beat human intelligence, but I am not sure about that because bot doesn't have a feeling to decide. But a human does have the feeling to calculate every possibility that might happen later so a human can make another solution if something bad happens. I still prefer to choose using with our analysis than to use a bot because the existence of the bot now still in the development and we don't know how accurate the robot to trade. But if the robot can improve his ability to predict more than 40%, then I think the robot can beat human but not in every aspect.

Being straight forward advantage using bots is simply not being carried away by  emotions after you selected your desire positions he bot will wait till everything got executed unlike human where adjustment can be done even in the middle of the trade, maybe it can affect in a positive ways though not everyone can perfectly changed decisions and received same outcome, but still human intelligence is reliable than bots where being programmed.

Never ever!

but crypto trading bot will help you once sleeping or away from keyboard/mobile  ;D

Bot is a great help but it can't ever beat a human intelligence.

Trading bots is a great help for those investors that got their hands full of their jobs, things that they need to be done in that day without looking back at the site or their computer. There are some disadvantages and advantages of bots, here is a link that gives you an information about crypto bots.

https://coinconomist.com/en/trading-robots-advantages-and-disadvantages/

I have already made sure that those cryptocurrency users who use the trading bot grow in their development as a trader and do not become such professionals that you can become gaining experience personally and not using the program for trading.  One way or another, artificial intelligence is not yet developed enough to become smarter than humans.

It depend on the programmer, I have seen bot perform some task that is unbelievable for humans to ever do and they trade in a very tight market perfectly well, I mean those who are developed by a very reputable firms because not all bots that you see in the market should be called a bot, some are just games software because they lack the ability to make a trade successful thereby making the buyer of such bot to lose money.

there is one thing anyway that we need to keep in mind, they will always be machine and there would still be some functions they cannot perform that humans will, so if I was such a trader, I would always use both human and bot intelligence on any trade that I wishes to optimize the profit from, I believe that the combination of these both would be powerful.

Bots are unreliable because it was created by human beings to execute an order giving to it.  although physical emotions sets in when human do trade but bots are not affected by such attitude.  i do say bot can be useful for traders that are not always following live charts or people that spend less time on trading.
Personally i used bot to trade but i must say i am yet to reap it's benefits.

Trying new trading tools is possible, but we must be wiser in using them. Use with a small capital first if you want to use it

Science first place i don't believe that kinda app or tools. Because i don't what kinda algorithm use in those apps or which one and for why they build for it. Whom build those app if they are scammer then i'll be dead meat. Bots or tools have not an emotion, i think this is the only positive thing i can see. And yes they can not take decision if some thing going to bad happen. May be some times they can help for some profit but in my opinion is best idea to avoid those things.

But who are going to teach bots and make decisions for us? It is still us who has far greater control of everything. We have remember that bots is useless if you even don't have a clear idea on what parameters to put in the first place. As far as speed of course, bot has the advantage specially if you are doing arbitrage, but as far as learning, it is still those people behind that powered the bots to make the decision. So for me, nothing beats the superiority of human intelligence.

And with that said, it is not really advisable for a beginner to try and experience with bots because it could end up in a disaster. Not saying that bots is bad or something it has its advantage and disadvantage, but for a newbie trader, I would say learn first some basic trading principles.

Trading bot is a customised intelligent robot programmed to specific tasks. Trading bot is urgently becoming a force to reckon with. The have shown to be advantageous but I still don't believe it can beat man's intelligent.
The bottom line is this trading bot are man made( artificial) And only stick strongly to data giving to it but there comes some trading action that requires one to think out of the box(bot do not think)

If you have seen many potential scams in trading category, why do you still try to trust trading tools like this? there are hundreds of trading bots made by professionals but look, does anyone provide passive income? only make you lose.

Maybe you have seen some features in the trading bot and it looks good but it's natural, they will always provide anything that can attract their customers. I used to often try various bots, for the start it was ok but in the long run it sucked my money.


That's right, feelings are one part of fundamental analysis. If we only rely on technical analysis based on mathematical calculations, I think there will be many wrong calculations because they are all influenced by the influence of human feelings (fundamental), robots will never feel this because they are only superior in calculations.

Trading has been there before the advancement in technology and people have been making money through trading by developing their understanding and skills on the right time to buy and sell in other to be able to make profits from the market. From the look of things it is very clear that bot will never replace  human beings in trading as trading is not mechanical but emotional! Trading bots cannot analysis human’s emotions and trading decisions are made base on emotion.

It is my understanding that most trades are being performed by bots and not humans and this is not a new tendency at all, in the stock market this has been the reality for decades, so the advantages of bots over humans cannot be underestimated, while a human should be able to trade the same strategy the time it will take a human to process the information in front of him is several times longer than the time a bot will need to process that same information and this is critical if you are trading using a hourly chart or anything shorter than that.

Agree on this and from the link, it quoted  " Whatever car was perfect, but still it was created by man! "
But also take note that man has stamina and time to rest this is why bot are created because unlike bots it can function 24/7
Everything has advantage and disadvantage its on the person who can utilize it properly.

As a busy individual I am just scalp trading every time I have a free time, So I think that trading bot will help me to trade even though I am working or studying. I tested smartbotcoin as I see here in this post and this bot is the cheapest among all other bots out there and surprisingly this bot is very easy to use as a beginner in using trading bot. In just one day I am familiarize on smartbot platform and I making profit using this bot.

Exactly that is why having a bot for your trade to operate automatically will make your work less tedious. Besides having a bot can be useful anytime that is why I used one of this platform which is Smartbotcoin which not an ordinary bot but has a lot of interesting features which can you never be seen in other platforms.

That is an interesting question. And I think that this is going to be a reality.
Bot could work 24/7, while you can work 20 minutes and then you are loosing a attention, patience and so on. Bot can work while you are sleeping and will not miss any good entry point.

You are talking about Smartbotcoin? What is the main advantage over other trading bots?
I am pretty new in this industry and if someone helps me how to start with a trading I would be very thankful.

It's surely not something very technically advanced currently, but in a while, we might very well see more powerful bots coming in, such as the bots banks use for HTF. In cryptos, we call it bots, in finance we call it an algorithm. And it can cost several million to develop.
When we see how the cryptos market is being invaded by the finance industry, we shouldn't be surprised to see their method coming along with it.

And I disagree, Robots can analyze human feeling very well, Microsoft Flow is an example for the mass public but there are much more developed

the crypto trading bot is made by human intelligence, and to make the best bot a designer must experiment many times to find the right formula. so I don't think trading bots can beat human intelligence

from year to year robots are increasingly sophisticated, able to analyze and even almost be able to feel human feelings, for example, Robot Sophia who joined the Dubai police and become a citizen of Dubai.

Bots can analyze what happened in the last couple of years to determine the probability of a certain outcome in less than a second. You can't possibly beat that. We, humans, also do nothing but analyze the charts to determine the probability of a certain outcome, but we need a minute or so to come to the same conclusion, and there is always a bias involved when we make a decision. Bots don't have that problem.

How much time do you think you need to figure out that the trend changed and you need to adjust your positions? This all might take you a couple of minutes, while a bot can do it in a second, perhaps two because it still needs the exchange to be responsive enough.

If you take the best bot and the best trader in the long run, I think that the robot will not have a single chance to win. A robot is just a program that executes an algorithm embedded in it by a person. The robot does not have flexibility, there is no intuition, it cannot do research, produce fundamentally new information.

Logically, a robot is made by a person of high intelligence. there is no technology smarter than the made. Although the robot does not have the emotional nature and is not affected by technical things, but I think traders who have the skills will win, because the robot does not have a flexible strategy like human have.

Finally a post that makes sense. Markets in general are dominated by institutional algorithms where human input is just there to improve the algorithms further. The rest that trades manually are retailers, market makers, etc.

There is a reason we get support and rejections from moving averages at the very exact point of contact. Humans don't do that, they can only aim to buy as close to the average point as possible. A hit is just a lucky shot.

I recall having seen an old wall street documentary of the early 2000s where they explained how high frequency trading works, why this type of trading happens through algorithms, etc. So indeed, it's not new at all.

I am interested with this topic especially in using bots in the trades because this can change everything in the crypto-industry. Trading alone is difficult, even for the 'veterans' in this industry but with this new innovation, I can see that cryptocurrency has more things to show and create for the betterment of not only the economy but also the development of technology. Bots could help the traders to make decisions and find the right strategy in a situation that a human mind cannot comprehend easily.

Definitely yes, trading bot run for a long time ago and it has proven a lot. Although the intuition of human's mind is unique than anything, its way of processing things are extent to the point that it can do anything that human intellegence can do and it can be also better. Trading bot platform is one of the most amazing invention that human have ever created. It helps a lot as it can work 24/7.

Trading bots are actually helpful tool in trading and there are a lot of them, most of them are pretty expensive. I'm interested about this trading bot because i've seen some information about this before, its great because we can easily track and manage our investments. It also has high security, there are a lot of great trading bots you just need to find one with amazing features.

Human created the BOTS so why are we arguing about it, We just need to use the bots correctly and efficiently like what the smartbotcoin did on their platform. They minimizes the loss while trading, like cutting the edges for every trade.

100% agree! AI objectively checks everything, and also remove any human's gut feeling(which is very subjective and also fail more often than not). I am currently using other trading tool and would also to check your tool if this is better. Hope your tool will help me profit more  ;D ;D ;D

Possibly it can and same thing that it might not. It might surpass human intelligence in a sense that due to the maximal program put into the processor of the bot, it can duly surpass human intelligence. While on the other hand it might not due to the incapacity and limitations that are made by the human programmer himself. But as of now, anything can be possible due to the increasing progress of our technology proven to the existence of crypto trading bot that is highly have technical analysis on trading platforms.

Trading bots are helpful in things which we can do as a human-like backtesting years data in seconds and then analyzing the best possible way to earn a profit using machine learning algorithms, but the question is that there are many trading bots out there in the market, how you gonna differentiate the best one among all so the bot having best security where you feel like your funds are safe, and one having good AI algorithm that can perfectly analyze market even when it gets manipulated.so I think Smartbotcoin have all feartures to make it one of best.

The question should be who created these bots ? – humans right? So, if humans are the ones that created these bots, don’t you think that humans will be able to do better than the bots they created? I do know that bots are automated and they carry out trades based on the orders they were given, but does that make them any perfect than when the trade is being carried out by humans?

I have seen trade bots work before and they are still relying on the same luck that we humans are relying on🧐 yup I have seen a lot of them bots and they are not even worth the hype. Cryptocurrencies are near unpredictable, so you can’t even predict them as a human not to talk if ordinary bots lol.

I once saw someone do the test with several bots and most times were nothing, then loss and profit at times. At the end you don’t get much profit or it’s still loss. So it’s not even worth the hype that people gives it. It’s still your choice if you feel like you want to make use of bots, at least they will free you of the stress of trading by yourself and doing the math. But don’t think they are going to make you some huge money overnight , like some people would make it seem.

It is one of the reasons why I built this platform. I wanted to automate the process for myself rather than having to do this manually. The platform ended up becoming much larger than that so i decided to launch it to the public.

the best thing at the moment that bots provide is the speed of reaction and execution.
I personally combine 2 strategies for my stock as well as crypto portfolio that has helped me minimize risk and still make gains.
Daily rebalancing in combination with Buy Low and Sell High.
Rebalancing ensures that my portfolio maintains the perfect balance of the asset allocation strategy and buy low sell high ensures that I buy into the dips and sell during the rallies.
I have been using it for years and it has always helped beat the market.

In the long term this strategy will win as compared to hodl. Only issue is that it is a long term strategy. Frankly there is no get rich today strategy and if someone is selling you that, best to just stay away from that.

We also have a backtesting tool where you can combine these 2 strategies and test it out - https://app.smartbotcoin.io/#/backtest (https://app.smartbotcoin.io/#/backtest)

1. Long term - usually beats HODL
2. Short term bullish market - makes a profit but less than HODL
3. Short term bearish market - beats HODL

Yes bots ease the lives of a trader but still they need their own strategy. In the other hand, smartbotcoin offers bots which are very useful for people who trades and at the same time works. They can use bots while they are away and minimize the risk of a potential loss and monitor live when they are at home. For me why not try then conclude, knowledge comes greater with experience :)

Human intellectual is always better than artificial intellectual because artificial is just a man made product using our own intellect.

When it comes to trading of crypto currency, human being is always the best in developing, so I would not agree on artificial intelligence, because human being connections by means of trading is another thing and has a great effect on our purpose

Definitely yes, if the trader is a beginner or not exactly taking care of his money for example not thinking of every step he take, it might lose his money. But bot are artificial intelligent trader in which they can help you to trade safely just like SmartBotCoin.

You made a good point about bots. If a person uses bots, they should not depend 100% on the bot, that person should match the bot's abilities with the skills they have. Let's imagine that you have a bot that is trading in ETH and the next day you read the news that ETH devs are moving away from the project, you will know that the price of ETH will fall, but what about the bot? will the bot be able to analyze that the price will have a big dump? I believe the bot will not be able to analyze in time, which is why the best option is to combine the bot's skills with your skills.

Answering your question: I believe it's worth using the bot, but always combine the bot's skills with your own.

In that case, trading bots are a big help for them to make a decision and that could make bots over human intelligence. But we can't just rely on this at 100%, bots can't extend its understanding ahead of time unlike we did. To have better outcomes of our trades, it is very effective to combine bots decision and our knowledge.

I think not just human intelligence and trading bot has different characteristics and also the one who created the trading bots, and also trading bot is giving an assistance to the traders so I think comparing is not necessary, so yeah trading bot is just assisting the traders while the human intelligence are in the back that developed those good trading bots.

Definitely no because we humans are the ones who are responsible in making an algorithm for an AI or Artificial Intelligence. While Crypto trading bot only generate the strategy which setup by a trader for him to manage on their trades, but with the combination of a human intelligence and crypto trading bot we may create or make a successful trade with a less tedious work.

The role of bots in trading only represents human analysis, bots do not work automatically in trading.
Humans have a role in determining the sell and buy area and the bot executes the order, so it is not true if the bot will master human thinking in trading.

This is the first time I heard of smartbotcoin. I am currently using Gunbot. The only advantage that I see using a bot is if you are not good in handling your emotions then Bots are good for you. It will trade based on your settings. Another is even if you are away, it will continue to trade for you. Find a good and reliable Bot, read feedback and reviews before you buy a license of a trading bot.

Since crypto currency markets are manipulated by whales, I guess that it is almost impossible to create a trading strategy based solely on technical analysis in order to gain profits and not suffer loses, so I think that a trading bot cannot beat human intelligence because it uses mathematical functions defined by its developers. People can change and improve their trading tactics at any time, but robots cannot.

The bot just help you but can not work properly There is something here that they can do no other than people, You can only use it as your helper because many people have lost here with little capital Before that really need to know how to handle it you do not know how to handle you can get into a lot of problems..

I think human intelligence is better than bot. we see that those who are successful in trading usually do not use bots for trading. they value their thinking more privately in managing their funds, there are even stories to create basements to be able to communicate with the market without any outside influence. and the result was he succeeded

those trading bots are i think smarter than a person that does not know how to trade properly but the inventors of those bots are still smarter than them  . so far i dont see any scams on the bot category  because they are only tools and they cannot bring you substanial profits but yeah this bots are robots and they dont have any emotions whatsoever  . i think they can trade efficiently than compare to us humans  . bots are really worth it imo

Bots are designed by humans. Hence proved that human intelligence is superior to artificial intelligence. Coming to the trading part.
Bots can really help a lot when it comes to trading since it has the capabilities to automatically execute a trade with efficiency.
Bots helps us by saving us the time and effort but it will never beat the human intelligence.

Like OP mention , Trading bots help in executing the trades automatically and they use algorithms to detect trends of the market, on the basis of that you can execute the trades . The biggest factor for me is that fear of making costly mistake  . At very lest  Trading bots  can help minimize the mistake

Its seems to me that you are trying to promote your friend's bot indirectly. However, for me bot could not be more intelligence than human. Bot could work as per human instruction, nothing could do anything by itself. Perhaps bot could make profitable trade but it doesn't proof bot is more intelligence from humans. Personally I had not used bot ever for crypto-currency trading and likely will never use it on future. Because I believe bot isn't intelligence from me.

Bots maybe brilliant but it will never beat the intelligence of the human mind because bots works based on algorithms set up in them which are made by humans/people. Bots are made from the intelligence of the human minds thus, it can't be comparable and bots have limitations since it is only programmed unlike the human mind that can change strategies in a glimpse of an eye for better trading decisions.

Yes, the bots still following the setting from us, and it will work as what we want. But if the situations change, I don't think the bots will change the strategies because we need to reset the strategies to work properly related to the situations. Sometimes, I think it's very good if we can adjust the bots to follow the market situations, but then I realize that the bots are not yet growing like what we want. So there will be a miscommunication between the bots and us if we don't set it with the right.

I completely agree, but there are some things related to the accuracy based on emotions in humans that often end in error, even suddenly changing the analysis that ends fatally.

Bot does not apply like that because it runs precisely in accordance with the settings. Only bad things happen if the market conditions are extreme and not in accordance with the previously set bot. I put more emphasis on manual trading and just need to be more consistent in every market condition.

Since the trading bot works only according to the predefined settings, there are no grounds for using it today.  The fact is that today the cryptocurrency market is even more depressing, in my opinion, than ever.  I think that no trading bot can cope with its task in the current period.

Both are quite good for trading , but they cannot be completely relied on no matter how well the creator of the BOT polished the image of the bot, I remember when I was using bot for Forex trading, I was actually lucky too to get a bot from a reputable company, which I used for a very long time running into months, it was at the point that I completely relied on the bot that it failed my like three times, it was then that I realize that no matter how good the bot is, human will always be human when it comes to something.

They only follow the strategy that has been programmed for them, but we can decide to change our own strategy at any time when we feel that one is not so much working for us. We can rely on bot but not completely rely on them.

You have a point that the trading bot is better than human because like what you have said, bot does not have emotion which is important for the trading. But trading bot can't all beat human intelligence, many Professional traders who don't use bot. They will earn may bigger than what they have expected base on their prediction not by a programmed bot. The main advantage of using bot is make you relax because the bot will trade for you.

And that's the very point as human knowledge is progressive while bots are just relying with how the programmers will place the code and make them useful. Many people have their  own opinions though they all have same goals. Maximizing profits will depend from how you understand the process, with or without a bot traders act will pay a lot of influence, it will be the deciding factor.

Bots do updates, but human always makes the better change. It will never replace humans even though how modern or how advance the technology nowadays.

A big nope. Trading bots are okay if you are trading in a small range or the volatility is small. But when there is a trend emerging or volatility is getting strong, your bot can only interpret signals from indicators which often than not give out false signals. A cross may not be a reversal, it may cross back.

This is could be preferable to those who are busy with their job and wants to trade 24/7. Bots have its own understanding by the use of signal indicator but it could be hard on the most critical situation.
Would like to try using bot but it gives me some doubts about how really it becomes effective rather than to stick in manual trading.

I think some people who says yes have no clue at all. A bot is as good as the person who created it, so I just can’t think of calling a bot better than human’s mind. It’s a human who created it so it’s only human that’s better! But yeah, I do think bots especially Crypto Bots (https://cryptolinks.com/crypto-trading-bot) can be useful for traders but only if it’s right one selected. If our option is not right, I just don’t think it will help us much at all, so that’s where we have to be extremely careful with how we go.

If you have more time and want to try using bot, I recommend you to use both of them to see if which is more preferable to you. But I think it’s better if you learn and use manual trading to be safer.

I don't think so. Beating human intelligence is kinda impossible no matter how you make your bot so perfect. Still bot is being created by a human.

definitely yes, because not all traders are good traders so I can say that Bot trader can also beat humans in terms of trading. But if they study well how to trade very carefully and safely, maybe I can say that It can't.

"Bots trade based on analysis rather than emotions"
this was the most interersting parrt in this new advanccement which works like an AI

It is possible, since there are a lot of traders who doesn't have enough knowledge about trading especially when it comes to the strategies they need to use and apply, trading bots can help us and also newbies.

I think crypto trading bot will never beat human intelligence because a bot or an AI/artificial intelligence is just a man made so I think bots and AI's will never beat human intelligence in the case of trading.

In technical analysis, it's easy for bots and time saving to do but that't not beneficial for trading, humans haven't created unique artificial intelligence, currently it learns on actions, on past results but it's abilities are very short, focusrd on one thing. It can't consider news that always affects price, it only moves according to charts, so without considering real time news, it's not a good option, that's why it can't change human on it at the moment.
Artificial intelligence is a new thing, so it's far away from intelligence at the moment.

It's worth trying.
But look, there are set uips that will be made and those are he difficult part of using a bot.
On the bright side, it could really be profitable once done right.

But still the instincts of one human  being  cannot be compared to anything. Please do remember that.
Me, I am a manual trader. I read the movement of the market and somehow make profits out of it even if just making $20 a day. But believe me also, both are difficult.

The effectiveness of a bot at the moment depends mostly on how good the user is at making and maintaining the efficiency of a working strategy that a bot's running. It's relatively difficult to create a profitable strategy in the first place, and you can't just leave a bot running without some intervention as well in most cases. One of the good things about using bots is that you're not impacted by emotions or other things that many manual traders get hung up on, however, but certain bots definitely do beat manual traders in profitability.

While humans have real intelligence (debatable, but still), they also have few huge drawbacks that happen to be important in trading:

• Emotions
• Inconsistency
• Speed

I think the bot cannot beat human intelligence because the bot is work with the setting we've made before and it's only working with the current situations. Every time we need the bot to moves related to the market, we need to set it up again and again because the bot cannot change the setting automatically, so we need to adjust many times. But if you want to use the bots, make sure you can set the bot so it will run like what you want, and the bot can help you to make a profit.

Actually no, because crypto trading bot is not that perfect to help and make you a successful trade. Unlike the human intelligence, we are more skilled or adept to create a successful trade. But when we started to combine this two, we may start to create a good and beneficial trade.

Have tried trading bots but all seems to fail and disappoint at one point or the other, the fact is that bots are like machines that can fail or get faulty without notice. It is a wrong choice for any trader.

Now going straight to the point that you have here, then you are kind of telling us that bot is better than human being lol.
Just kidding, I understand what you aim, and this is still why we are quite different from machines, there are some things that machines are specifically built for because of some of the coding languages that we have.

Just like this computer that you are using, in as much as it is human that built it, they still quite function better and faster than human being, the amount of information that they process within the shortest possible time can never be processed by human in years, so trading both will always be more effective, but then can still not function well without us, so it is like they both work hand in hand to make the trade better.

the situation and circulation in trade are always changing, so you need to do a bot reset on the market situation when you last saw it. in the case of intelligence, of course, bots cannot beat human intelligence in trading, because bots are just a system. we don't know when the bot will produce continuous loses.

But there are many people out there who get rich by using bot. But I can't tried yet because it is too expensive so I think it depends on the quality of the bot. Like we could say, "What are their best assets and what is the advantages of it in other bots?" That's what we need to know.

What trading bots you've used. Cause I feel that you never choose the reputed trading bots. We know that will just a machine but they simply generate its own decision when to buy and sell with the help of trading signals. But of course, we don't need to fully rely upon them, it is important also to check from time to time when we have free time.

https://bitcoinexchangeguide.com/best-bitcoin-trading-bots/ this could help you... Good luck.

Bots are basically human intelligence program into algorithms, so when using a bot it's like just doing your work automatically. It's not like the program has it's own intelligence to make it's own strategy. Also humans adjust the parameters to which is profitable, i dont see any relevance or competition between humans vs bot when it comes to intelligence. A bot is just a tool for humans to use in my opinion.

This conversation reminds me the big debate we had in the industry years back.
If a machine can beat Casparov playing chess.

It took some time and ML (Machine Learning) can do that and may more.

If human intelligence is by the capability of analyzing vasts amount of data and make conclusions,
then yes ML is already there and makes better decisions then human.

I'm a newbie in the Crypto world ,and a veteran in the HiTech industry,

but  as far as i can tell ,
I can collect all the data needed for an ML Crypto trading bot to make decisions, scrape the web, read logs, order books and more...
based on this data i can make a decision that is good for that point.

But,
Since this market is a wild horse, it's hard to predict the upcoming events based on the past ones.
Therefore i'm not sure that this method of ML is the right one for the job

/\/\rk

This question can be answered by a common sense. Trading bots are made by humans, and humans can't be made by bots. It is too obvious that the human intelligence is so flexible and can learn a lot of knowledge, it is complex, while the trading bot is really limited and programmed, it can learn and gain knowledge by its own. It doesn't comprehend how things work, it is programmed just to do its thing in the trading platform.

It doesn't think critically that's why it is risky to use it if you want to have a profit, instead you should use your own knowledge and skills in trading so that you will not lose your money and you can manipulate your assets in the market properly. People's capacity of learning is never limited, a human can learn and learn something from time to time based on their experiences.


It depends on the people if they are not thinking critically based on the bull run. Bots are somehow effective in the bull run because they are programmed on that way that's why they are effective in that kind of aspect. But in the bear markets, i would still choose human over trading bot.

Shouldn't this depend on the intelligence of the human we are talking about? Surely there must be some people who are smarter than a software and there could be people who are not, this doesn't mean that some people are smarter than others, it is just simple fact that a person could understand from one thing and not really know much about another, a PHD doctorate who is insanely wise about history could have zero idea how finances works, this doesn't make him an idiot, there are of course just pure idiots in life as well but not being smarter than a bot is not a calculation of that.

So, either you know this trading business well enough to be better than a trading bot, or you do not know enough and you just let a bot handle all of your trades itself and you relax meanwhile.

It may beat at some occasions but may get failed in most other occasions. Still I like to explain you that do not underestimate the power of human brain which is at least 1000 times more powerful than the USA military owning super computers. Bots are just few line codes which may not worth to be compared with human brain.

But at wild market fluctuations, bots may seem like a perfect solutions which again may lead to think about beating human brain but not in all times and in all conditions of markets and cross thinking capabilities.

Come to think that bots are human made which means that human brains are far more superior.Bots are for automation it might really have that advantage when it comes on some thing but a bot cant beat up
a human when it comes to decision making in case on any situation because not all would be handled out by a bot.So its a no in most cases on where a bot can beat up human intelligence but somehow
the creation of these bots are making the jobs even way more simplier and not time consuming thats why people nowadays do really rely to automation.