Bitcoin Forum

Firstly I want to say that I am not really familiar or having any experience with a trading bot
Recently I had seen a trading bot service^[1] that offering ROI on average up to 25% in my opinion it was too good to be true since according to the practical comparison of bots^[2] made by PremiumCodeX  (https://bitcointalk.org/index.php?action=profile;u=507897) it only has an average 10% ROI.

So, what do you think about that service? And what are your main points when choosing a bot?

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[1] https://bitcointalk.org/index.php?topic=5270562.0
[2] https://bitcointalk.org/index.php?topic=1944274.0

Which service is it?
25% is quite high, do they said 25% in a week/a month or something like that?

Maybe if we know which strategy that they use then we can make further judgement. But as of now, even if it's legit, they probably grab the data from the recent bull run where coins are pumping like crazy or they're nitpicking and only promote their highest average.

Sorry I forgot to embed the link, this is the bot service what I mean https://bitcointalk.org/index.php?topic=5270562.0

I also think it's quite high if compared to other services, here's what they offer:
- 12 - 25% per month ROI on spot
- 30%+ per month on Binance Futures

The best time to gauge if a bot is good spot trading wise is when the market is sideways/accumulation phase or when we are having a bear run and futures trading wise when the market is side sideways/accumulation phase. It's pretty easy to make profits when a trend is on like the recent upward price movements for most coins. Some even move up to 150% within 24 hours.

In the current market condition 20% is easy to achieve even in a day when trading manually so long as you know when the upward trend of a specific coin has begun.

Im not really a fan of believing into someone that do have some claims that their bot do works and earning a % which is higher than most bots in the market.Well we know that there are indeed profitable but not totally wise for you to rely on.

25%  is too high and much really hard to believe on but if you are really that curious then you can test it out but dont let your hopes or expectations that much high.Im not against with bot trading but
i cant just trust too much all in automation.

Manual is the best though but having a bot is also not a bad choice for just on automation purposes.

Trading bots are just tools, if they are used by professionals, they will be able to get more than 25% per month. It's like getting a sophisticated computer, an expert person can make something useful out of it that is worth thousands of dollars, and the average person might use it to watch some funny clips.

The second point, if the developer of the bot promises you that you will achieve a guaranteed 25% ROI, then why not use it by himself instead of promoting it?

It is strange that he created a thread on August 22nd and to this day people do not make post on the thread to ask questions and he posted in the services section where it is a section that many members are constantly on, I went to their website to see the FAQ and I saw that they guarantee ROI of 5% to 20% a month, it seems to me something realistic.


I haven't used a bot yet, because I prefer to do manual trade, but honestly I'm thinking about using bot

25% each month is quite high. Bank can offer you less than 10% a year. And using compound interest can ive you up to 1400% profit a year. This is extremely high and profitable but it seems to be very unreal. They only charge 20% whenever you have profit.

I think you can test their platform with a small initial deposit first. Then if everything is ok, you can make a larger invesment for a bigger play. However, nothing is 100% safe. Be careful while investing your money. Risk is always there no matter how much you want to avoid it

25% is too good to be true indeed especially that they didn't share their trading strategies and just shared few reviews from their alleged customers.
Am not saying they are scammers or anything but two statements on their ANN caught my attention:
 - first, they say that they don't save your API keys on their servers... then how is the bot supposed to manage your account!
 - second, they say that by disabling withdraw permissions your funds are safe... which is not really true.