Bitcoin Forum

Hello all,

Anyone use http://btcrobot.com/?cbid=bitcoinrobot?

Looks like a scam, or at least not as good as is advertised.

Anytime someone offers a "How To Make $34,175" it just sounds like a scam to me. Reminds me of those get rich quick commercials you see late at night.

Mind explaining why you use the image from that site as avatar while at the same time try to seam unrelated to this scam asking questions to bump people into going there?

Nice catch.

Do not invest there, or be ready to lose your money :)

This may be in part down to the existential doubt engendered by their claim to be the first bitcoin trading bot in the world. Last time I looked there were over 400 on BTC-e alone but perhaps they know something the rest of us don't...

Flag 1: The site's hosted on the same server as another time-limited offers on trading bots on traditional forex markets, and various other get-rich-quick schemes.

http://forexsensation.com
http://www.100percentwinners.com
http://mobilemarketingrobot.com
http://whatsworkingnowreport.com/

Hosted in Vegas, of course :-)

Flag 2: Also "Anna Pavlova... in charge of public relations + communications", with the cam-girl picture (http://"https://www.google.co.uk/search?tbs=sbi:AMhZZivDjFprMl35x0hGM60wgkHkyDDhKW4kuJUUJ3bY8j-bAfVtGbbCeWbJFr615wAbqlwf1ub0Hw6FEBoCetqAR8LiNpmyZe2TM4ULpiebTAjSSNdO5hd3b2MECgMtyUX-crYMKtY8KUWVVAt2VAGgS1YglthSJ43DekPiVI-uNMtmPdjhJS1Fyd9we2YdPmqsXUAAQoQDK1Aukp06URxDKCaQlWBS2BiwxLahLKc7LLnb5tNouAk5J6xpcDU7PgEG7qBZ-vF_1v817vaRwjBBlEGhvp3bH2o-XwwufkfZj65RPO3w_1zbg4XFBWvQWSk9T9t6zQRkxviTf5ltrGDRn6pMRd_1pjYi2b8DhKFNVDRlNHDp5Hvz-yFZjQOGTsjwNqefx8Wch6z5tZdxIgexeeY9ztW6lKl3DmCZOIgnV-mgworWs4cdhHi3VprG6H-GpHog37JeJIE9Dhe5G3NsY_1EsxYyMKng5Tqp0GF08Qwtd9jaUsYX6xpJywkwJXIqSd7pb3nqQzDKRdBFm0fPbjfyD0_1fwiH7fBd-yI4BK_1Jw35hyJc_1q1gOVDVxtBNcSFmsBmAXgj-tIzk168-DopDQFl3KAIRo-1os2OgOHWroTOxIfQc8reluJs4sQbqH8lRpm-b0DWZWWCfn4l9wX6SLpW1YePMT6-7D-GVtUk8fvogfRxLBKEhM_1zqMayqoudCibzhPeSB3zBYxTrBFhS3ubvswc19a093Of4HAgdAgfL6tarzOjoGVvd17Himeuz4CyUvnHPYjw5WwA1iS4nSGNnpRa2_1Z7npD-Iz1PQNegadGe2d8i8wPxHkSdvTXJk1iSgmHgEyNjPTEGrIFIH4f4Ybtx9fvLtLYqYFxuif_1RM3o1Onj4PEZOwNrZ7C20xgvWuiR2p-vp6w1-EMDIT1nDA61h-JxV0837uVrWMr6YFpHld2dG6qRsyhZehaUt-z0IfUsBJSHytmR_1SkVFKdgTPHYIJQ6JceB_1VDOLpTgAOByfkY6dHNoNbOlgnlmyFVH-J0ykKHWLSLuQxIhbAbt-SB8siVOocUqNUqSpmEbY_1pQFhPnmUgIGnQ6hhwvOF7jXDocI0bk_1_1YkoLIeUjODc8J52jugWTRYtY_1B-EfATaraL6Ld8zgjoCbRdaFdNgTo_1FiQ9KGzUHG1NBgEdsJa8EEYNcLi3yfhJz55AWVC3iLoIwGTW1yI3txa3oHOaRkpC4TVQ3Fv9Hi6sk9AjpYhxLVCXmIgbEtszZw8o1iYC-3vvBuNL1Ud_1syYAmvQVtRsapUDCQxvFRf-Eu1TDTlDTB5kDPgZzyFdRmH8PRLjth7u2LbG42o4&hl=en&bih=643&biw=1366") on the front page saved as /images/creators/8.png

Flag 3: The fact that there are so many obviously paid reviews around the net, trying to look impartial but sounding like they're written by the same person. In fact they're from this affiliate links (http://www.btcrobot.com/affiliatesbitcoinrobot.html) page. Helpfully it looks like the scam will run for 2 days. They already say they'll sell out in 1 day, then "find room" for 200 more.

They even have prewritten spam emails for their affiliates including:


And just for fun, you can have a look at the other "creator's" images here:
Creator 1 (https://www.google.co.uk/search?tbs=sbi:AMhZZivwUFpjlRhJj1zRQBgo4XSWWRZWN3Cg3aQTcDc0OHe5WjnGf2K7KMidFDucSZihXxv1BJ-gvH-imVhafo86MM7bq5GeaSGPYvCoDPTqnZvcC-6y-6NVG18-ueG6efC3AwFo48NV8C2LEhhu8JyB5EjsXqwNPqVX_1Wd-NVw5fFur3qr43EACBuMhTuzOdA3Rkxi-JZsXgSa-MmczDEU4EroTUwrsqK8vLJBc7-quHci6NDAKCTmXSEsn9uzEXPfyCj4KqvIF_1yShtlv_1fTgquzRj_1gMSsPYR4AH8iWYvJKSK0woXw_1ZYDM16oYVIiXV5mmGjbMFoINE85lR-WclvdXVXdIkviW9DozwoJ30KkoecLXVSJZTCLrEc65k7G-OvfgqScJ9Ld3YhJC-fbU8ADoN3MYytNQ1u1e483myUCrN4GFtABeShm4CAJQxoLrXM1-gvmg8PGSjg1s64UQ_1eY33oqQWGcxvnLHxzFaldoF0zygN-qKxM77LBjucEQx0KLIFHDVsGle09PYq0CNcZQ_1v9hhaFvfZph6om_1tFQfTAdIRW6ezSQudEFwqGrWaGK56fo4F_1eLK4sMe_1yDc7VX9Wxcih9GeBQrsmBYH6g6wUy9smKJy8GUvm2yBy9W7E9EePiQml5_16rBzt4zyza0dKizb72JVKY8cPa5ERCgb7M6mnKUbgcdFRWrKSdFkWsmXmMW4QVBDz-kAwNYWLTMsMHqtZRYsRDTgK07OqVP8P-DhysI5q9YOftCwhJInRUsWLmOW1iCRnYrHyd9Ptg7mGddUKuOPAcTpPVBcQphOuCcY9TRZMQRopFxpixWxt30_1rwcBEOLb5EZJo7f5nujrTSaKo5FRf6txsqFrFLeZ7zFnQPzvAFllkgbshBP0DD1O3yDg8aVlSyumnmOnfHqQRnvkty1XJmJJgsSLTWaLsQzSW2mem_1N-TQ4wpUPR42ZlSLwRsFI70fvvZ89fcd37GQYRvMLi1QWaMWt-oqWearXiAbE7gScv6-35oTPTwzA1FHsgETNdUEzsGBoXTauiN-5_1O55OHyWE3TvNHDrZ0f0sNNlo_1Y3owcxvjNbAL6tmTbyboCN3wq4VJIod_1MfWUMOUiDw_1icZGto5UrbbH03gWtn9AaGBKt4sCTzk6wrrjdlhO8AOntG1fy-f27UEVuZbY-4HJY7Z7vrCQPpTUIpPRq8QLKLvIwYQi3uR5dWwp_1VeH23HNvuTch39Vc-N1O5f7lqPd9SuMoYK1C8-Q96a8KSveWn55W4_1tJCQ4OxjYjz1Jf6HPaEdJUMMwcKjmnjC7qFfDCwW-Dl9rMplF5GlIIYxkOM&hl=en&bih=643&biw=1366) - variously called Sam (http://acceptu.com/success-stories/), DLL (http://easyappcreation.com/), and best of all this guy (http://diylol.com/meme-generator/white-guy--2/memes/black-guy-calls-his-friend-a-nigga-why-cant-i-call-him-a-nigger).
Creator 2 (http://www.btcrobot.com/images/creators/2.png) - Dmitry (http://vk.com/id935043) might be for real.
Creator 3 (http://www.btcrobot.com/images/creators/3.png) - mystery man no.1
Creator 4 (http://www.btcrobot.com/images/creators/4.png) - Eugene S Romanov (http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fxn--80aag5adhgj1ade2if.xn--p1ai%2Fparticip%2F&act=url) who administers this Russian football site (http://lfluvao.ru/).
Creator 5 (http://www.btcrobot.com/images/creators/5.png) - mystery man no. 2
Creator 6 (http://www.btcrobot.com/images/creators/6.png) - mystery man no. 3
Creator 7 (http://www.btcrobot.com/images/creators/7.png) - Kirill (http://topdelivery.ru/news/commercial_road_from_moscow_region/) from topdelivery.ru
Of course Creator 8 (http://Creator 8) - "Anna Pavlova" aka kimiu383 (http://www.camdatelive.com/)

It'll be interesting to see how this one works. Is it a take the money and run scam? Or are they even going to harvest log-in details for exchanges and/or get bitcoins sent to them for trading?

No, BtcRobot is not a scam. The robot is a solid automated trading software for BTC-e.

It can work on both Windows PC or Trading VPS (web based).

It works as advertised and produces conservative steady profits.

Yes, the team uses pen names and put google images as our pics for obvious privacy reasons. Nobody puts their real pics in bitcoin.

So it's a slow market maker then?

What about the affiliate marketing pre-planned emails already written to explain why it's not working yet? The hustle? It screams scam and I'm going to enjoy watching to see how it pans out.

So the OP throws an affiliate link in here...
DO NOT CLICK!

Everybody should make a rule of that. I have exaclty the same feeling you do have and would personnaly recommend to stay away from these offers advirtising on such a lurid way.

The robot is not even released yet how can it be a scam? We developed a software and sell it. We have a full 60 day guarantee.

Anyways, let it prove itself with time.

It's incorrect aff link, so he will not receive commission for postingit. But better to change it to http://btcrobot.com/ to avoid confusions.  ;)

I see there are way too many same topics opened for it here, if you have questions just PM me or support.

Hello Ladies & Gentlemen!

We have the results of BTC Robot Contest. Here are the 7 Winners out of 152 contestants:

Winner of Silver Licence Worth $149:
Name: XXXXHAN K. ~ Email: moXXXXXX18@gmail.com

Winner of Silver Licence Worth $149:
Name: Jim S ~ Email: mkXXXXXXin@gmail.com

Winner of Silver Licence Worth $149:
Name: Ralph G ~ Email: rgXXXXXXXn@hotmail.com

Winner of Silver Licence Worth $149
RESERVED (until the winner confirms his details - he has 24 hours to do so - you know who you are)

===
Winner of Gold Licence Worth $248
Name: Stephan D ~ Email: thXXXXXXXXXmul@gmail.com

Winner of Gold Licence Worth $248
Name: Ray C ~ Email: poXXXXXXth@yahoo.com

===
Winner of Platinum Licence Worth $498
Name: Verner C ~ Email: vcXXXXXXXen@gmail.com

Congratulations to the winners! You will be contacted shortly with details.
=====

IMPORTANT UPDATE for NON Winners!

We decided to offer you discounts for the 3 licences as follows:
1. Silver Licence will cost you - $124 (not $149) = $25 OFF
2. Gold Licence will cost you - $208 (not $248) = $40 OFF
3. Platinum Licence will cost you - $408 (not 498) = $90 OFF

Here is how to get the discounts:
1. Click This Link: http://bitcoinrobotreview.com/btcdirect.php
and purchase whatever licence of BTC Robot you decide!
2. Send all transaction details to contest@bitcoinrobotreview.com!
3. Tell us if you want your discount received as Amazon Gift Card or Sent to your Paypal!
email from btcrobot.com.  Is it scam?

i took one for the team guys!

i paid in full for the 1 time payment of 149 (+all the other junk charges) for the silver  software through paypal...and sure enough. NOTHING. I RECEIVED NOTHING WHATSOEVER. This site screams scam! If i don't have a "bitcoin robot" trading software within a week (or an account or whatever). I will work very hard to make sure the community knows to stay the f*ck away from this

my email receipt (which is practically useless because i have an order number but no way of knowing what the "product id" is

my receipt was sent from this shotty ass company SWREG
http://www.trustpilot.com/review/www.swreg.org

I was JUST about to buy the Robot today. Then read this thread. Can you please let me know how you get on?
If it is DEFINITELY a scam I will help you get the word out.

To the makers of http://www.btcrobot.com/ - what we need now from you is proof that it is NOT a scam.

Can you tell me if this trade bot has been approved by BTC-e?
I do not thinks so, BTC-e does not allow selling of fully automated trade robots to users. Every user is required to remain unique, with unique trade moments.

Of course we are in touch with them and there are tons of auto traders on BTC besides us. Of course every user we have remains unique and trade operations are not the same.


We already informed the clients, we are experiencing a strong DDOS on our servers. This created delay but most orders were already processed and the robots were installed. If you are not processed for some reason just send us email.


Scam?  ??? ???

Of course we are not a scam. Why would we be? we don't accept any money or deposits, we only sell you software license. You are trading independently at BTC-e like you would trade manually or with any other system.
The trading is solid as well. You can follow on our page before a purchase.
We also have 60 day guarantee.
Yes we do use google images as our team pics for obvious privacy reason. If it hurts your feeling, just don't buy. What we care about is service and performance.

If you have questions PM me or send support email

P.S. We are still hammered by a strong DDOS so our site is slow at times. It does not affect your trading VPS as they are on different machines but salespage could be slow.

If you were really interested in a Trading Bot... wouldn't you want to be looking at thread like this?

https://bitcointalk.org/index.php?topic=261086.0

We still don't even know what the best algorithm is to use on the market.. there probably isn't one best algorithm anyway... you guys must know way more than us statistician.

There is tons of open source code out there.. and no real trading bot from what I gather.  I hope your test purchase isn't already being spent on crack!

Regards!

Our robot is professional commercial solution software.

 We don't need any contests as we don't try to prove anyone anything. Our software produces conservative stable returns for our members, that is only we care about.
 

[citation needed]

grue

Our robot members are protected by 60 day guarantee. If they don't produce profits in that time they can get a refund.

We don't force anyone to join us, we are happy to work with people who are with us. I am glad to say that almost everyone who activated is in profit so far.

here are several of them
http://btcrobot.com/images/activated.png

So far I see one customer who did not get his product and some noob accounts that praise the service. No reputable member of the community would or ever will vouch for your robot.

How could you scam users? Assuming the api only allows trades and no other stupid things as withdraws "some hacker's account". You chould have your bots perform terribly bad at some point and claim that somebody must have found out how your robot works and used it against you. This was you teased users with moderate gains that you grant them in the inverse fashion of this and once you feel like needing an exit, you make the bots perform terribly bad and loose all the money to you. Either in some all buy at once and then all sell at once into your 10% spread walls until there is not money left or in some more subtle way. Of course you can scam users if you control their trading.

...that's assuming you'll stick around for that long.

Those are some nice "profits". But you're missing some critical information: how much was invested, and how the strategy compares to buy and hold. If your bot can indeed perform better than buy and hold, I encourage you to enter the Automated Trading Contest (https://bitcointalk.org/index.php?topic=261086.0)

We have been developing trading software for 8 years.


The robot can start from $100 usd or 1 bitcoin but your profit will be minimal. I would suggest starting with $500 or $1000 for real profits.


We are online for 2 days and most of the time under strong DDOS. We don't have many customers, but over the time the reputation will prove itself..

I am not forcing you to join, take your time to monitor. I am sure you will change your mind later.


This does not even make any sense. We are fully transparent and make money by selling you the licenses. What's the point scamming anyone? If people are happy, they stay with us and extend license after 1 year or 3 years.

That's the only business model we have.  Also we don't control any trading at all. If you are on Silver plan you work directly from your PC with BTC-e API... We don't even know your stats, they are on your PC.
On Gold plan we install your bot on the VPS, and it also trades fully independently.

By the way if you are admin or moderator we would be more than happy to give you a copy so you can see yourself. We came in peace.

@eurobitcoin: These profits are not profits. Tey are mainly the initial amounts people deposited. You should correct that. Also in the GUI of the hosted SW.

probably you are right for several people it could be additional deposits. There is no way to 100% find out if the account balance change was caused by trading or by extra deposits.

You can also follow trading on our salespage in the middle of the page of btcrobot.com/

i love this land page this site will make a lot of money ....like forex robot...you know just change to bitcoin....great idea ...so smart

Well, I thought I'd see what would happen, so about a week before launch I signed up to get an affiliate at clickbetter and threw the banner on our page.

I just checked and see the following:

42 clicks
0 sales...

Oh well...

bitcoin dr

so this is a scam finnally or a working bot?

they still cotinue sending me mails about the fact i must be quickly getting my licence and sh*t like that...

no sign of a working bot so a scam by any other name

I'm currently in discussions with them about getting a trial account and will be happy to take back my calls of scam if it turns out they do have something worthwhile.

Also, in my communications with them, I've been very clear that I don't like their marketing techniques. Very high pressure, not very honest-sounding.

Of course, I'll report back once I see something, and also if I don't see anything which will be yet another red flag.

How exactly does we scam you?

If you have specific questions PM me or send support email


Thank you for your review. Though it may look aggressive to you, we use techniques that provide good conversions for us and affiliates.

Our performance account is published on site in the middle:

http://img833.imageshack.us/img833/986/g719.png

you seriously think that all you have to say is that it makes a profit of $4535.54? see, even I can make up a random number. people have already tried asking what was the original investment etc and it seems you dont understand the questions? why would anyone want to use your bot when you give no clue if it even makes a profit? and the claim that you are the first bitcoin bot....either an outright lie or simply a sign that you are stupid, you tell us.

We publish it on the website in the middle of the salespage. Original deposit is 10k. it made 50% profit in little more than 2 months

http://img716.imageshack.us/img716/9192/s1xz.png

Here is another example of one of the smaller traders

http://img22.imageshack.us/img22/1515/ibim.png

"There is no such thing as Demo accounts in Bitcoin." a rather strange claim to make, so anyway how does it work? do people send you the deposits, or do you prefer them just to send you the name and password for their btc-e account?

Nobody is sending us any deposits or their account access.

The robot simply connects to BTC-e by API via the API keys and trades there. You set "Trade" and "info" keys and it runs.

It is fully automated.

Take a look at this video http://youtu.be/jKqnaFncFns

What is the logic behind this bot? Is the logic customizeable?

It has three modes. conservative, medium and agressive. You can also set it to custom and then set some limuts and stuff. Havent found a detailed explanation for these settings yet.

I asked them that very question and here is what they said:

Here are the differences in the different modes. Obviously, Aggressive will trade a little more often than Medium-Risk or Convservative:
Conservative: risk/reward = 0.1, profit potential = 2-5%/month
Medium: risk/reward = 0.25, profit potential = 5-10% /month
Aggressive: risk/reward = 0.4, profit potential = 7-100%/month

Maybe its calculating wether it should trade or not?

you can try Custom settings Rmin = -0.04  Rmax = 0.15  R step = 0.01 to have more trades, if that is the concern.
However if you have no trades it can also mean the robot is not properly connected to your BTc-e acc. Check if you enabled "Trade" and "Info" settings and if the robot sees your funds and displays them above the charts.
Unfortunately for Silver plan all the trading goes on your computer and we have no way to "see" your robot or check it remotely.

It's hard to assist you here. Please send a email to support2@btcrobot.com with your personal information and robot screenshot and quote again the situation, they will try to help you and check if everything is ok.
Yes, robot stores your API keys so they are not lost during the reinstallations.

lol mine started trading yesterday too, after putting it in Medium-risk because in aggressive i dont know why but it didnt work.

Yep guys, just give it thing time. No trades is better than losses after all, right?

I see our public acc aslo got a few trades here and there, reached $15937

Mine started trading as well. Sold some BTC for nearly 110 USD. let's see how this goes.

could you please post the Rmin, Rmax and Rstep of each mode (conservative, medium risk and aggressive)? because I think I`ve changed something in the medium risk mode and I don`t know how to put it back to its original value.

Is anyone really in profit with BTC robot? I got an email which said "It`s so good its unbelievable.. the official bitcoin robot over at http://btcrobot.com/secret.php is making crazy gains its close to profit 6,000 now with a 10,000 usd account.. and all bitcoin robot members mirror the profits.."
I'm not in profit unless I count the increase in the price of bitcoin since I started. I deposited 10 bitcoins and my screen shows "Funds: 9.99 BTC, 1.02 USD, 1090.27 USD total." but "Weekly profit: $594.76, total profit: $594.76" just does not add up.  ???
It appears to me that this must me some sort of "New math" taught in Russia.

BTW the suject of the email was "Bitcoin Robot Keeps winning! Every License Owner is In Profit!" :o

So if you started with BTC only, like it seem most of us did, then it very easy to calculate real profit and also see if the strategy is better then just holding BTC.

Just calculate the following:

BTC on BTCe + (USD on BTCe/currentBTC price on BTCe)

This will show you if you are making profit BTC wise and if the Bot is trading better then just holding BTC. This will be the benchmark which I will apply. This I think would also be the correct kind of implementation to show profits. However, this might be difficult if someone started with mixed funds. They could still go back to point zero and calculate how much BTC the funds were worth back then and go on from that point.

edit: @BTCRobot team: one should be able to manually choose point zero in the GUI. And maybe also switch between USD and BTC profit view.

yes, it's true, it works. Some people are still in process of activating, funding accs etc, but those who trade at least a week, are in good profit.


I already replied that before. You need to use a fresh acc without extra manual trades or deposits. API does not let us know if your manual operations or extra deposits are profit or not. If you trade fresh acc with just 1 deposit (like 99% of clients) it calculates profit properly.

500 bucks?

http://i.qkme.me/3vlq5w.jpg

So far so good with my trading
Here is my image from 19th august till yesterday
http://imageshack.us/a/img29/6976/w5xb.png

Before 19th August Robot have made for me already some bucks (about 65usd)
http://imageshack.us/a/img825/5169/c4f.png

I am so happy and thiking seriously to increase my trading investment

difficult to read those graphs but looks like you made the same as if you had bought and held

The goal of the robot is to grow the size of your portfolio (BTC+USD). The profit is the difference between current portfolio value and your value when you started.

The robot handles well both increase and decrease of the BTC price. It is not a buy and hold forever strategy.

I think the question is regarding the advertised profits.  If you include the rise in value of the btc as "profit" then that doesn't really tell the whole story of how well your trading robot works.  Is jimmut wrong in saying that the user would have been better off just holding?

The point of the profit is to make the user profit on autopilot by growing its portfolio, no matter if the bitcoin price rises or not.

why pay to use your robot when buy and hold is just as profitable?

Doesn't really answer the question.

I am not forcing anyone to buy or trade bitcoins. Like I said, the Price may grow or may not, the robot is profitable no matter if the price is rising or going down.

From July 1 the price on Mtgox went from 100 usd to 130 now so theoretically you would be in 30% profit with drawdown as huge as 30 % (on july 6 Price went to 70 usd only). At the same time the robot made around 60% profit with Drawdown just 10%.

Moreover nobody can guarantee that bitcoin price will grow forever, while the robot trades effectively on both up and down moves.

I don't trust the robot at all and still believe there is some scam involved, making you rich in some isolated event. My guess is "bad trading" cause "somebody" found out how to play the robot.

Still, in a market that has only up movement with no down swing exceeding the trading fee there is no way to outperform the strategy of just holding. In fact the sum of these down swings is the absolute maximum bots can profit on unless they use nastier strategies like inducing panic by doing stupid stuff which is usually stupid.

In fact the efficiency of bots should be measurable by looking at volatility. Did volatility go down recently? Bots should be to blame.

If you consider buying the robot, please do the math: How much down movement is there on the exchange being traded? How much money did you pay for the license? How much money did others pay for licenses all together? If your conclusion that the robot can actually perfectly guess the down movements together with the competition by others using the same bot (twice the licenses should half the gains of each) and make you some profit without acting stupid at some point, go for it.

Effective or not, it just seems like the reported profits are inaccurate.  I would just like to see some accurately reported profits before making any kind of judgement.  It seems to me like so far BTC Fan has made no profit, which is fine but don't tell us it's making some epic profit when it's counting the increase in value by holding.

We understand that we can't please everyone and probably it's not for you then. I will stick with our clients who are happy with it. I am glad we have extremely low refund rate so far, after a week only 4% people are unhappy and the only reason is that they don't want to bother with depositing options to btc-e.

Jim,

Your manual trades or extra deposits can really confuse the robot. The API does not allow us to see if extra money came by robot or by other moves.

Our advice is to open a separate BTC-e acc (they allow) and let the robot control it 100% without any manual interference or extra deposits, manual trades or money moves. Then it will be all right. 99% of clients are starting fresh account and don't have any issue with it.

In silver version all the trading goes from your own PC, so there is no way for us to login or reset your robot. If you are on a Gold plan, we can re-create the robot and such re-install will refresh the profit. You may try on Silver as well.

Additionally if you are on silver robot and want to fully reset the settings/profit

go to the following folder and clean it out

http://img842.imageshack.us/img842/9827/d0gl.png

then reinstall the bot

Excellent...Thats what I ended up finding myself and that worked. My robot seems to be reporting accurately now. Thanks for the great service

As for the settings in the Robot what would you suggest? I know we have a choice of Conservative, Medium, Aggressive, and Custom. Could you explain a little more about those different settings and if we go in the custom setting what would adjusting each one do exactly. Would you recommend different settings depending on what Bitcoins are doing? I currently have mine set to Aggressive but I'm not sure if that's the best setting.

Hi lads, here's my $0.02 on BTC Robot.

Someone joined our chatroom on IRC, posting a referral link to btcrobot.com.




It's great that such a new product (2 weeks old) has hardcore fans like this already. Obviously a job well done.


Anyway, the guy shared his opinion, now let me share my thoughts.


=== FIRST LOOK AT THE WEBSITE ===


=== QUOTES FROM THE WEBSITE ===


=== THE VIDEO: http://www.youtube.com/watch?v=jKqnaFncFns (http://www.youtube.com/watch?v=jKqnaFncFns) ===




Personally I lost it when he started talking about undeniable proof based on him using a camcorder instead of screen capture. :)

=== WHAT GOOGLE SAYS ===

Google comes up with the following for BTC robot:


https://i.imgur.com/LFcQpgz.png

Most of these review sites ask "Is this a SCAM? ILLEGAL?" and then by the bottom of the page, they become a promotion site with the image offers embedded and a link to purchase your copy. Clearly these are not actual review sites (that were created BEFORE btcrobot.com even existed by the way) but created by/for the owners. This is called "Reputation Management" translating to "SEO Spam". They fill Google's pages with their own material, so when you google btcrobot and scam, you see their PR pages. Of course, BTC Robot will claim that this was outsourced SEO work to boost Google rankings, not aimed to conceal any scam reports. But seriously, which legitimate company ever started buying domains for themselves and spammed the internet with pages asking if their own business is a scam?

=== CLICKBETTER ===

When you order the package, you first get taken to a very professional looking payment page:

https://i.imgur.com/RX7Tz9j.png

Clickbetter.com takes your personal information and credit card details. The only problem is, it shouldn't, because there is another checkout site that actually takes the payment. So basically they send your credit card number and other information through their own servers first (allowing them to make a copy) before the actual payment processor (SWREG). The average user will not notice much of this, except for having to submit two forms (with the second one pre-filled).

https://i.imgur.com/NXd9P0x.png


=== MORE GAME CHANGING PRODUCTS VIA CLICKBETTER ===


https://i.imgur.com/86Zy3ZG.png

=== BITCOINTALK THREAD ===

I ended up in Bitcointalk's BTC Robot thread (https://bitcointalk.org/index.php?topic=268533). It starts out as expected:


Then suddenly, eurobitcoin arrives to the party and the thread is fixed:


(not claiming these users are all affiliated with BTC Robot but including eurobitcoin at least 3 of them seem to have registered specifically to post something neutral or positive in the thread)

=== MY THEORY ===

This is my theory: these guys are very much into affiliate web, guerilla marketing, get rich quick schemes and picked Bitcoin for their current buzz campaign. They hired help from Freelancer and maybe Fiverr workers, created professional looking and sounding videos, bought a bunch of domain names, hired copywriters, utilised their already existing SEO blogs, and basically got all of their domains up to google page 1 for 'bitcoin robot' and similar keywords.

They have certainly put money into this, and I have a gut feeling that they also have budget prepared to hand out a $50 here and a $100 there, should anyone question the legitimacy of the site (they probably restrict it to well respected members of the community, not just give it to anyone but whoever is making a fuss and focusing people's attention on the subject).

Either I'm right, or these guys are way ahead of everyone with their "Russian Brains" and can predict to a 95%+ probability which way prices swing on btc-e, even if btc-e is flooded with people who are all using the same bot.

If anyone has more patience and time to look up info on these operations please share your findings.

Nothing to add. I mean I was convinced long before but whoever puts money on this company after your post, deserves his CC to be emptied.

seems a little odd that those brilliant Russian bot coders couldnt manage to figure out how to make an interface that shows you your profit, but of course all their customers are very happy so thats the main thing

Yup. Very obvious privacy reasons. A scammer needs his privacy.

Your analysis is spot on but you left out a single detail: the software itself does what it advertises because it is easy to make such a software and it is profitable to run any kind of bitcoin trading bot.

The question is, where did they get the software? Did someone here make it or did they rehashed an open source project or what?

Hello all,

I bought a license of the robot just for the sake of finding out what type of scam are they pulling out, I was wondering if it doesn't work at all, or if it at least doesn't wipe the account right away. I am also planning on getting a refund soon, so I'll post an update later if there will be any problems with the refund.
Anyway, I have left just 1.02 BTC on the account for the robot to play with. At that point, BTC was about $105 on btc-e and about $120 on mtgox. Since then, some trades were done and the price went up to $115/$130. So if I take average prices from both exchanges, my "investment" was worth $114.75 at the beginning and (if there were no trades and I would just hold BTC) $122.50 now. That's a profit of $7.75 , or 6.7%.
Now what happened on my account with robot trading it. Currently I have 0.98 BTC and 4.35 USD on the account, which is about 1.018 BTC at the moment, i.e. I have lost 0.002 BTC, which is not much but certainly it's not a profit. But here comes the funny part, on btcrobot's page, all funds are converted to USD total, which is 117.63 USD according to them and it's about right, noone can say anything against it. But using this method, the profit is about 10 USD :-) Very smart, I have to say. So my assumption is that by using this technique, they are turning losses or no-profits into profits.

So from the people who claim to have actually purchased it, their results seem to be: it makes some trades and claims a profit that doesn't really exist.  Their advertising strategy is questionable at best and the way it calculates profit is just wrong. 

That said, I don't think that makes it a SCAM.  You pay for a product, the product doesn't work as well as its advertisements claim (which you easily could have known had you read this thread).  I think that describes a lot of products.  And though the profit is a blatant lie, they weren't exactly secretive about how they calculated it.

Personally I would make a distinction between a product not working properly (or not working at all) and a product designed to be just like 10 other products before it. Basically it doesn't matter what the product does as long as the buyer doesn't think it's a scam and doesn't ask for a refund. The marketing isn't separate from the product. The marketing and the product's design go hand in hand. And since the creators know that noone's really going to make money (or at least not more than they would running any bot or trading manually or simply holding), I think ultimately it deserves to be called a scam.

I don't think its a scam, buyer should just beware of waht they are buying.

As with any automated trade method, be careful!

I can't find anyone with "Dehumanizer" in our database. Please send us support email or PM and we'll check your account to see what's going on there, what settings you use and if everything is working properly.




Honestly, I am little tired of going in cycles about all these conspiracy theories and new trolls coming in this topic crying scam without any reason.
The only point that matters to us is that the product works and we have the lowest refund rate of just 4%, because 96% of the people are actually happy about it and grow their accounts.

If you are serious about auto-trading bitcoin with our robot - feel free to contact me in PM or send us the support email.

I have tested and still using the bot - with the results I have expirenced my self - I have decided not to invest in mining equicment (I was close to get a BFL 60 GHS in hand) it does not take much calculations to get that the robot is a way better investment. It took me 5 minutes to setup and I was running.

I really think it´s bad that every time a new company comes up everybody judge it as SCAM ! How can you say a company is scam where you can contact support and get fast response ? And also helping you with getting the best setup to get the best profit ? I really think you should give it a chance ! I have NOTHING bad to say at all, manual is perfect and it just works if you follow it step by step - as said - 5 minutes and I was ready to go !

You can PM me for charts etc. to see my results

I'm glad to hear that you can't connect me with my account in your database.
Anyway, there's nothing to check, the bot trades and it doesn't do anything obviously wrong, from all that I have seen up to now its purpose is to trade in a way that there will be no big losses and the overall account balance will stay at about break even (which is actually not very hard to achieve, creating a strategy that has higher probability of winning as losing, or even higher probability of losing as winning - because such strategy can be reversed and it will be winning - is way harder).

Also, I have once worked with a guy who was launching a forex robot with this type of marketing, including sending tons of pre-launch emails, posting all over various forums and message boards, posting messages on facebook etc. (I am wondering that it still works nowadays, since it's now really basically just copy-paste, changing the product name, changing some marketing slogans, creating new testimonial videos and let's launch the product) and I was told that it doesn't matter if the product will work or not, the most of the money is made when the product is launched and hundreds or thousands of people will buy it. If it somehow works, it's a bonus because you can actually get satisfied customers refering other people, but when it doesn't work, some  clients will ask for a refund, you'll refund them (if you're not a real hardcore scammer), but some will stay with your product and will use it even though it doesn't work because they will still think that it's just some bad period for the product and that it will again work as advertised in no time... You can hold this type of customers by beeing very polite and responding to their complaints and support questions very fast, telling them to try different settings, telling them that you'll look into their account if you can't see anything wrong (what does sound like? hmmm...) and basically buying time until their refund period is over. And the third type of customers are people that forget about their purchase for various reasons, so they don't ask for a refund.
I was told that even if it goes wrong and people start asking for refunds, it's still highly profitable due to the customers of second and third type described above.
So that's why there is a new "extremely profitable, never before seen" forex robot almost every month :-) With btcrobot I see that this trend is coming to bitcoin as well. Hell I might try to create a bitcoin robot myself :-)) Too bad I'm not good at telling untrue statements and creating this type of marketing...

to be fair I doubt many bots are making a profit at the moment (of course I realize that btcrobot is the only one in existence)

I am not un-happy with the robot. It has made some trades. I don't think they are a scam. I don't like the marketing aspect of it. I don't like that in my mind that I thought it would pay for itself in a month or two but from the small amount of trades its doing I can see that won't happen. I still have over a month to see if the robot actually produces me a profit more than just me buying and holding. I don't really think you can test a robot in a up market. You need some down and up markets to really see it shine if it can. Everyone is in profit from the rising prices of bitcoin right now. They launched that sucker at the right time! If they even said it could generate 10% from trades monthly I would be happy and it may yet..I just got to give it time and hopefully bitcoins will fluctuate more so I can see what it can really do.

Thank you for reasonable feedback.

We tested the robot on both up and downtrends of bitcoin, it works same effective. The only thing it needs is volatility and price change. If you have volatility you have profits. If the market is flat it sit passively sometimes several days with no trades. That is normal.  We don't promise over the top profit but I am sure it is capable of doubling account within 1 year several times and of course pay for itself.

There's definitely more than one bot out there....where have you been?

its a claim that the sellers of this bot make, was just having fun

Profits are now being reported correctly and I'm getting daily gains. :)

Well,
It's interesting the effect that any and all of this has on a newbie.

Being somewhat new (ie: I'm learning to program bitcoin, but I have far to go with completely understanding the technicals of the network. I've made money trading forex, and I understand a little bit how to trade bitcoin, but I have no fully dove into trading. And I had only run across one bitcoin trading robot (opensource) prior to this; had trouble configuring or getting help, and gave up on it), and ran across one other trading robot whose developer told me that the btcrobot was a scam).... I'm "new" like that.


So, I was "right there" with buying this, until I start running in to threads like this.

I've since learned that bitcoin trading robots are not new, and that there have been many before this one. I've had one other developer agree to modify one of their bots, make no guarantee, tell me the real deal about using trading bots, and agree to add "stop loss" to it for a very reasonable price.

One thing I can say, it's been pretty educational.

Keep it coming.

Bitcoin Dr.

Drive on Bitcoin

here is the results from one of our members

http://img839.imageshack.us/img839/6981/syl3.png

Here's the BTC/USD rate result from our network: https://i.imgur.com/YxGhJDi.png

Starting with ~6.68 BTC and another ~1.83 BTC in USD around 27 Aug, and just holding it until today, you could have 1243 USD "total". I can make a bot that simply holds your BTC and present better results.

What's your point?

Our system is effective on both situations, when price increases and when price goes down.

Btcrobot is the unique auto traders i know for bitcoins in this time...

Here are two VERY detailed videos made by one of our affiliates, btc trade Jonathan

Complete investigation video: http://youtu.be/2KnegJLhgeE

yes, he is affiliate but he really went extra mile showing all the process how it works in detail. Pros and cons in 19 min video review
+
and here is his update on what happened in 1 week. We are still trying to reach him, if you are here, Jonathan, please contact us and well done, man!

Update after 1 week video: http://www.youtube.com/watch?v=HFTdyGqLD24

it looks like it uses a strategy similar to the what the Aricie bot did. starts selling as price goes up and buying as price drops, the risk setting would make it sell more or less. personally not a strategy I would use but guess the truth will be eventually revealed despite the sellers obvious reticence to reveal any details

the truth is it is working fine and we are happy. so are our members...

 ::)....pretty sure btc-e will be happy with the extra fees they are getting as well, thats if you do actually have any members that arent part of your sales team

Lol, it's stupid to trade against the trend. Account will blow up soon.

I could be wrong about that, but they arent denying it

Don't worry that will not happen. marcovaldo is just trolling me in all topics, but that's ok and part of the forum culture.

The maxium drawdown never exceeded 10-15% in our long term tests now matter of the direction of the trend.

So Btcrobot is legit but nobody until now make some profit neither loss?
Is that right?

it seems they accidentally left profit off the user interface so nobody knows, but dont worry, everybody is happy

Not true, almost everyone who trade at least 10 days or more are in a good profit. How can you be in a loss when BTC price is rising well? Even if you simply hold BTC you are in profit, but with robot it is 2times more effective + he protects in case the price of BTC goes down.

Just watch some videos

BTC Robot | JUST BOUGHT | Bitcoin Trading Robot
http://www.youtube.com/watch?v=_m5Vv7yQ8us

Bitcoin Trading Robot | DAY 2 | Up $22.00 Profit
http://www.youtube.com/watch?v=3ryvc9qduoU

Looks like Bitscalper 2.0- stay away....

Our robot has nothing to do with Bitscalper 2.0 or scalping trading. Please stay away with your irrelevant comments.

Here's your chance btcrobot guys. The price went down on mtgox and bitstamp. Show us how a client benefited from the small price loop because of the bot making smart trades.

sorry been forever since I logged onto this forum.  Well I can honestly say I had that logo first.  They didn't design that logo, I found it all over googling.

Yeah I agree looks like a scam.  Maybe make a 2 week trial btcrobot guys?

Here we go again... facepalm.


It handled the drawdown very well. I dont see anything strange in this price move, a regular bitcoin price correction.


Then you are honestly not saying truth lol.
Our logo is original design work:
https://bitcointalk.org/useravatars/avatar_137467.png

and if you mean a coin from YOUR avatar
https://bitcointalk.org/useravatars/avatar_97146.png
then it's not our logo, it's an image from stock images, pretty popular one.

no details? people are interested in what profit your bot makes, thats why the question was asked. we all know the bot works very well because you say it repeatedly. believe it or not most people that read a trading thread already trade. how are they supposed to compare their results with your bot when you just give inane answers and then go on to make irrelevant  comments about the price of btc. nobody cares for your opinion of the price of bitcoin, we wanted to know how your bot handled that crash. You claim to have made a lot of sales, you would think some of the buyers would be following this thread, and yet not a single person with your bot answered, except you with a stupid reply. Have you considered giving yourself a facepalm while you are so generously dishing them out?

https://bitcointalk.org/index.php?topic=277180.msg3092995#msg3092995


There is nothing strange in bitcoin correction when the price of bitcoins went down 5 September. It's normal, and to be expected. The price can't be always growing and small drawdowns are normal part of the trading environment. From our 2013 year test the drawdowns never exceeded 10-15% even on the downswings and the robot handles price downfalls pretty well.

The trading results should be considered long term. Let it work and check results once in a few months, it will show stable deposit growth.

I give up

Ok, here are more details:

here is the long term chart comparison

http://btcrobot.com/images/longtermprofit.png

Hope this helps.

That looks good. What is that?

Is it measured in BTC, USD, both? What was the cause of the small step in July, is it something unique to the bot, or is it unrelated to the bot?

The bitcoin price is BTC/USD chart
The Green line is the portfolio value growth by the robot (BTC+USD combined)

Here is the update we sent

A lot of members were asking what if the price of bitcoin goes down? Will it stop working?
There was a drop in the bitcoin prices aroung 5 September,

Lets have a close look at it.

There is nothing strange in bitcoin correction when the price of bitcoins went down 5 September. It's normal, and to be expected. The price can't be always growing and small drawdowns are normal part of the trading environment. From our test the drawdowns never exceeded 10-15% and the robot handles price downfalls pretty well.

The robot was battle tested first in April, when the price of bitcoin went from $60 to $260 and back to 60 in a matter of days!

Take a look at bitcoin price chart this year and compare the robot performance (Green line)
http://btcrobot.com/images/longtermprofit.png


Then it was consistent fall in price from June to July when the price was going down for a long time, but the robot was still working very stable and profitable even on the decrease period :) that's the beaty of this algorithm, that does not really require BTC price increase.

As you can see on the big picture, the September drop is nothing to worry about for the robot.
Even on crazy April swings it was profitable and drawdown never exceeded 10-15%.  Compare that to "buy and hold" strategies, you would get drawdowns like 100% in a matter of days.

Remember, the trading results should be considered long term. Let it work and check results once in a few months, it will show stable deposit growth, guaranteed :)

Rest assured the robot is battle tested in extremely difficult conditions, and though small drawdowns are always a normal part of the trading environment, it is always proven to be profitable long term and much more safe than a "buy and hold"
strategy!

Still we keep working and improving every day.. we are not sitting still here in our labs and will work further to even increase its profitability..

It seems like when the price drops the robot does a good job, but when the price increases, it limits profits.  So I guess it's less volatile than the price itself (as the chart shows), but less reward.

Not true at all. It made 2 times more profit than "buy and hold" strategy during late july - august when the price of BTC was only growing. Is that "limiting"?


I cant predict the future or promise future riches. I share past performance and go from there. yes we have 60 day money back gurantee as well. But you must clearly understand that in any trading nobody can promise you 100% safe profits. It's always risk/reward game.

so the robot is not scam finally¿?

No, finally not a scam. It took 6 pages to figure it out but i am happy.

I hope that by "long term results" the robot makers mean less than two months when the moneyback period is over.

If you are only concerns about money back, probably get a refund and never get anywhere close to any trading be that bitcoin or forex or any other investment. Any trading involves the risk. This is how it goes. Good reward means the risk and it's a normal part of any trading. If you are expecting profits with no risk, trading is not for you.

Here is the long term result. The robot is very consistent and stable. But it does not mean it's a crystall ball that wins every day.

http://btcrobot.com/images/longtermprofit.png

wonder why there are so many damn webs talking about bitcoin robot like http://www.btcrobotreviews.org/
also there are a lot of videos talking about btcrobot that looks all fake made by the company itself

if btcrobot is a legit program i don't understand such effort into a fake marketing, good programs spred themself, no need to push it,
also they keep sending mails and mails and mails trying to force you to make the "good decision" of pruchase it,

how many people here did purchase this robot? i really have doubts about how clean this software is

ready to lose your money

Probably this forum is not a place to teach affiliate marketing and online sales... Yes, we have a lot of affiliates, that's a good legit way to build the traffic. Affiliates make the review sites.

 If you have specific questions about the robot, send me PM or contact support.

i don't know why, but something still smells rotten with btcrobot

i dont jump into the boat,
all the info in just one main html page is the classic scam, just with that, already enables the caution alert,

the comments in the web are all fake, and they didn't even take care of make the comment form look to be working,
clicking the submit form makes no response in the web,

they also look quite professional into the marketing world, they manage SEO techniques, and all the videos hosted into the
channel of the btcrobot video are related to same thing, investments, bets, quick money...
http://www.youtube.com/user/percentwinners/videos

they clearly put some effort into btcrobot but even if its working, it just return the opposite sense with such an aggressive techniques more typical of scams than of legit companies,

It just doesn't seem like a SCAM to me.  There's a product, you pay for it, it does what it says it does.  It might not work as well as they claim, but if that makes something a scam then pretty much every product that advertises is a scam. 

Sir, we are working already over 1 month on public and the robot itself is battle tested since April. Nevertheless, every week a guy like you pops up with the "new investigation of our marketing materials"... I would suggest reading from page 1 otherwise we'll go in cycles.

http://btcrobot.com/images/longtermprofit.png

eurobitcoin i apreciate your efforts into defending your bot over the whole thread, however all the marketing surrounding it and fake reviews make it look like tricky at some point, it generate a strong lack of confidence into it,

would had been better to let it gain trustable confidence by itself rather than put so many fake video reviews, and webs talking about btcrobot not being a scam,

Well, my experience with the robot is that, technically, it does not work. All the trades it tries to enter into the BTC-e trading platform are all cancelled. It cannot place any trade. I have more than 400 trades cancelled in 6 days of active trading and no one filled. I have contacted robot support, BTC-e support and all say that my robot works because it is currently in profit. I tried to explain that the profit comes from the value of BTC/USD which has increased lately and NOT from the trading itself. When the BTC/USD value goes down, my account balance will also go down and if it goes down lower than it was when I activated the robot, my account will be negative. If nobody helps me find a solution within 60 days after the date of purchase, I will request a full refund.

I have the same feeling as member since two weeks, the profit comes from the value of BTC/USD which has increased lately and NOT from the trading itself.
A lot of cancelled orders in my btc-e account. In fact the balance looks like zig-zag according to the value from  BTC/USD (down, up).
 ::)

After a small decrease in price of bitcoins (which the bitocin robot absorbed by trading cleverly and managing very small drawdowns) the price is on the rise again with good gains and a pure profit of $7500 on the master accoutn with 10,000 usd

(its on 17,500)
http://img189.imageshack.us/img189/2628/ztns.png

The goal of the robot is not to trade for the sake of trading but to grow your portfolio value (SUM of BTC+USD) no matter if the long term BTC price is growing or dropping.

It smoothen the BTC behavior and protects your profit during downfalls and maximises the profit during the growth:
http://btcrobot.com/images/longtermprofit.png

This is not a crystall ball with no drawdowns. Yes, it can have small drawdowns and when the market is flat or goes nowhere the robot is passive. But long term it is effective and it works. You won't get anywhere in 1-2 weeks. Give it time to trade at least 1-2 months and you will love it.

Let me show you acc of the member who trades long enough to see it:

http://img39.imageshack.us/img39/9704/7iz.png

On page one you find also this wonderful post about the potential CC-scam you might be pulling off. Yeah, I don't worry about people getting scammed after reading this whole thread. I worry about those who come here and only read the first and last post, so yes, I want to have some pointers to the risk reminders every now and then, so if I sound repetitive to you, I might not sound so to the new readers.

I am not sure what CC-scam is. We don't accept any deposits. Our robot is trading your BTC-e.com account via API. Your funds are kept in BTC-e acc not with us.

FUnny thing is.. I have run the bot for a bit over a week now, and still zero trades

Please send me your acc email in PM or support and the robot screenshot in case you are on Silver. This could mean something is not activated right but we need to check.

Could you please give me an explanation about this?
http://www.jottacloud.com/p/fabrimagic/088222c659ef4278843377f29bf842d9
Robot is doin anything sinc 7 hours and the graphics are dead.
Is it normal?

Fabrizio, no need to post the same in every topic. We already replied you by email.

We checked and your robot is perfectly fine.

It does not trade every 2-3 hours as you expect by some reason. The
price on the bottom chart only updates when it trades not in real
time.  There are flat periods with SEVERAL DAYS which is totally
normal. Please let it work and dont turn on/off all the time. It does
not require any manual attention if it is activated and set ON. Check
once in a few weeks, not every 2-3 hours. Everything is ok.

sorry but i just wanted to know if the "dead graphic" is ok. I am only concerned about this.

Yes, it's ok if it for few hours or few days. Not ok if dead for 1 week then it needs restart. But in the new version that we developed and updated everyone (and you too), it is pinging the robots once a day to make sure everything is ok automatically, so you don't need to check every week anymore!

to eurobitcoin, or whoever can represent btcrobot here, I would like to know where it trades, like what exchange?

in btc-e.com

I hope they could reduce the CPU usage in the next version for silver members  :-[

It is often at 100% CPu in my VPS, the process ruby.exe (requisite for the robot to work) consumes a lot of CPU !!!
The two others processes nw.exe (from the folder of the robot) are ok.

answer from support:

"Trading with the silver robot requires you to always keep your PC on all the time. The internet issues, windows updates and other programs can disturb your trading. For maximum performance, we suggest that you upgrade to Gold or Platinum! If you are a platinum client, you can also have access to top class priority support at platinum@btcrobot.com
To upgrade, simply login to your account and click the newly introduced Upgrade button in the "Upgrade" tab."

Sorry, but you don't answer my question !!
I don't want to upgrade as i'm already a silver member and i'm ok with it, i just would like to know if you
are aware of the problem (CPU usage) and intend to fix that ...

I don't like the answer, always upgrade, upgrade !!!!
Could you focus please with this point for silver members, or there is no support with this plan, so why do you offer it ??

thanks again

nw.exe is Node-Webkit


Ruby.exe is Ruby software development kit. It uses a lot of memory which is normal. That's why we dont recommend running Silver on VPS. It was developed for home PC. In case you are interested in VPS, best way is to upgrade to Gold. The difference is only 99 usd but you get full year of trading VPS there and simple web access.

But in Gold Plan, what happens after the one year ? Any additional cost, which you didn't mention ?
I see a onetime payment for 1 year ? :P
What happens after ? Another 249,- ?

After 1 year you will be able to renew. We will have discounts to the old clients. You can also choose a platinum plan with premium support and 3 years of VPS included!

I purchased the silver plan just for fun to see if this is a scam or not and it appears to be a poorly written attempt at something that looks like a trading bot but that does nothing useful.

Over the past 5 days, I've left the bot on the "aggressive" setting and it has not made any trades unless I sell  btc on btc-e then it just buys it back (for a loss usually).  During this time, there have been a number of opportunities for the bot to buy/sell but it just sits dormant.  Also, the current prices shown at the bottom of the screen are far from current and are usually way behind and sometime never update for long periods of time.

I have version 1.0 of the robot so if there is a newer release that fixes these issues please let me know before I request a refund.

BTW, I've restarted the bot a few times and that made no difference.  For those of you looking for a real GUI-based bot, I'd take a look at this thread https://bitcointalk.org/index.php?topic=211979.0

Please kindly avoid the promotions of the other products in my topic.  It's not professional to advertise something by bashing your competitor in his topic... Thank you.

The fact they have 10000+ settings ON GUI does not mean they are better or worse. Our software is made as a simple solution for people who are starting with BTC. Most of them are not geeks.

Our ONLY goal is to make a long term profit by managing your trading portfolio BTC+USD optimal way.


You can send us the screenshot to support to check if everything is working right.

However BTC price is rising last days and there is no big sense in selling it. The robot will wait for signs of BTC price to drop before selling it. The aggressive settings dont trade often which is totally normal, they are waiting for bigger gains and less trades.

See the long term results:
http://btcrobot.com/images/longtermprofit.png

I want this. People who have it, should I get it?

If you're looking to gain BTC I would advise against it, see https://bitcointalk.org/index.php?topic=295972

No.  There are far better products out there.  Just look at the profit chart eurobitcoin posted.  Over the past month and a half it has had hardly any gain even when just holding bitcoin would have increased the value.

Also, eurobitcoin failed to address any of the problems with the bot, especially that the current btc-e/gox prices do no update.

BTC has not been rising the past 6 days.  It has been fairly stable at  about $124, but during that time there were a few swings from about $121 to $125 that the bot should have been buying and selling at if it were "aggressive" or even "moderate".

If the "aggressive" settings don't trade often, which setting or custom selection would force the bot to try to make some money by trading more often.  The whole point of using a bot should be to take advantage of small ups and downs during normal movements.  Any change of a dollar or more should be triggering buys and sells.

Medium settings trade more frequently. Aggressive is trading less frequently. Medium settings are targeting for smaller trades but with each trade you are paying small trading commission to btc-e so your profit is smaller but you have more trades.
Aggressive settings are looking for long profitable trades but does not trade often because of that.

I'll try it for a few weeks at medium just for fun, but this "robot" looks like it's just a buy-and-hold insurance plan that has no intention of trying to make money on small movements in the market... only on large drops will it ever do anything other than buy as many bitcoins as possible and hold them forever.  Not worth much to anyone if you ask me.

Lets give different example to explain the point.

You buy a bar of gold and pay for it $100.

http://anonymouse.org/cgi-bin/anon-www.cgi/http://img560.imageshack.us/img560/57/fyrw.png

The worth of your portfolio is $100.

Instead of trading with gold you decided to keep it assuming price will always grow. (like you just assumed with BTC when saying you need to grow BTC only)

But instead of growing the price of gold is just going down this year

http://anonymouse.org/cgi-bin/anon-www.cgi/http://img707.imageshack.us/img707/8184/y8fv.png

after few months you are still sitting on your gold bar which is now worth only $60

You lost $40 of the value and not happy anymore keeping it forever.

With the BTC robot this would not happen. Instead of keeping the BTC forever, it would anticipate the price decrease and trade it into USD during such time so you would not lose but WIN.

Ok, i understand better the concept of this robot... :)

In terms of pure gains my results so far:

balance :466$ from 26 august
balance: 497$ actually

Not really impressive after 4 weeks, about 7%, i expect this instead:

"Depending on your account size and risk level you set it is usually making 20-100% per month."

So, results don't match goals as described in your site, i will wait again few weeks before my 60 days guarantee for decide  ???
to continue or no.

Only 7% a month? If you make 372 USD in a year, would that cover your license costs? Any way, it beats whatever a bank can give, you so you have that...

What were your expectations, 20% at least?

I can not promise your future profits amount but based on the settings we see the following realistic expectations

Conservative: risk/reward = 0.1, profit potential = 2-5%/month
Medium: risk/reward = 0.25, profit potential = 5-10% /month
Aggressive: risk/reward = 0.4, profit potential = 7-20%/month

Today marks my first month on using BTC Robot (GOLD), Here is my take:

- It's not a scam, You get a product, and it makes trades...

- Easy to set up

- Customer Service is OK, They don't take too long to respond. If you have multiple questions make sure you spell it out for them. I have sent multiple questions a few times and only received a response to one of my questions.

- Was skeptical at first (obviously), as the robot did not trade for the first week. I thought it was broken, and there was nothing in my interface telling me otherwise. They recently added a message saying that the robot is "monitoring the markets", but sometimes I wonder...

- The graphs are not very helpful, right now mine wont even show up. The BTC prices seem to stay up to date pretty decently, though.

- I have been trading on MEDIUM setting, but it always changes to custom settings after awhile. BTC Robot Rep's tell me that this is happening because they changed the settings. This is OK with me I suppose as long as it is helping my cause (they should know best right?).

- It has now made a decent amount of trades, but for these trades there is only a time shown. And this time does not match up with my time zone. SUGGESTION: It would be GREAT if I could change my time settings on my robot so that I know what time the trade was actually made, ALSO adding the date of the trade would be helpful. EVEN if BTC robot could just add THEIR Local Time on the robot somewhere.....I am smart enough to figure out what time it is from there.

- I don't really believe the profit calculation on the robot. When I deposited my bitcoin, it said my profit was the amount of my deposit... Kind of annoying because obviously that isn't profit... As for the Weekly profit; Either it is not right, or it isn't calculating the way it should be.  I believe that it is just going day by day instead of week by week. So it is always just the last seven days instead of the last WHOLE week (Mon-Sun). This needs to be updated.

- PROFIT: I originally invested ~$430 worth of bitcoin at around ~$100/btc. My robot claims total funds to be $519.00 as of this second. The BTC price is at ~125$ now. So take my 4.3 BTC x ~$25 profit/BTC = 107.5. SO 430 + 107.5 = $537.5.

 That is a great profit for a month indeed! But if you took the $537.5 minus my $519.00 total funds, that would mean that the robot's trading has actually lost around $18.5 of potential profit, which is not too much considering some of the previous prices I stated may be off a bit. But I am positive that in my first month the robot has caused me to break even at best, because most if not all of the profit is simply because I bought the bitcoin at a lower price than it is now. BUT, I can also say I would not have purchased the Bitcoin in the first place if I had not found the robot to invest the Bitcoin in!

On a side note:  BTC Robot claims their program will benefit the most when the price of BTC fluctuates. This month in particular, the price of bitcoin has done nothing but essentially move to the upside. It will be interesting to see how it performs when the BTC/USD comes under pressure.




So my final take on it is, It is not a scam. It in fact makes trades. The system is still very flawed I can tell, and not very user friendly; but it is rather new. It needs a boat load of updates, and I hope that the BTC Robot Devs are working on these issues as we speak!


Disclaimer: This is just an experiment for me, I wanted to see how this robot worked if at all (hence the rather small investment). I have years of trading experience. Not only in Bitcoin, but also the NYSE and other global markets. This is only my personal experience, your results may vary

Sorry for the long post but this is my experience so far. I will probably add more as I go. If you have any questions feel free to ask.

Thank you for your bitcoin robot review!


True but here we need to understand that BTC price won't be always growing. The fact it grew during that time is amazing but of course like you fairly mentioned it did not show the full potential of the robot because you could simply sit on your BTC instead of trading. However if the price goes down, that is where the power of BTC trading is. The robot will anticipate such moves and will try to sell BTC into USD to save the portfolio from the downfalls.


This is the limitation of the API we are using from BTC-e , the robot (via API) cant recognize if extra deposits are made by trading or by manual deposits. To avoid that we always recommend opening a fresh BTC-e account, deposit first and only after that activate robot and start trading. If you wish, I contacted you in PM to reset the robot.

Yes of course, this is something that I meant to mention but forgot. I will add it

eurobitcoin do you plan to add Bitstamp support or 2-Factor authentication?

yes, we are researching the Bitstamp as one of the alternatives. I will keep you posted!

Finally first real metal bitcoins arrived :) I ordered from casascius service

http://btcrobot.com/images/btchand.png

Hey! you were featured on The Verge! Congratulations!

‘Get rich quick’ scams hit Bitcoin (http://www.theverge.com/2013/9/25/4767768/get-rich-quick-bitcoin-scams-bitcoin-robot)

I feel like that's not true at all.  30 minutes?  What is this guy using?  Coinbase from two months ago?

My results in 3 weeks of using the robot :
Profit in USD : +3%
Increase in number of bitcoins : 0
Increase in bitcoin value : +3%
The robot made 7 trades but was never able to grow the number of bitcoins.
I think this robot is totally useless and does not grow your BTC.
I will wait for another month and if everything remains the same, will request a full refund.

I replied to them the following

Hello. I represent BTCrobot.com

I am not sure what this article is trying to say, but our robot has *nothing to do* with pyramid schemes mentioned in the article. Probably the authors should get into the topic more before making such false assumptions.  We provide a trading software that simply connects to your btc-e.com trading account *via API* keys and *trades it*. We don't accept any deposits whatsoever.

Yes, the software is easy to setup. If you choose platinum plan you can get a preinstalled web version. Nothing to install.

The long term performance of the robot is here http://btcrobot.com/images/longtermprofit.png
We are also publishing our public performance on the salespage. It will not get you right overnight but it provides a stable consistent profits and grows the portfolio (sum of BTC+USD on your trading acc)


If you have any questions, please send us the support ticket.



Again, the goal is grows the VALUE portfolio (sum of BTC+USD on your trading acc) not amount of btc.

My results after 1 month: +4%
I requested a refund, i have better results with my forex trades.
i would like to diversify my portfolio, but this robot isn't enough profitable for me.
And they can't reduce the cpu usage in silver plan, so i'm not impressed by this one.

Time to move on  :)

Everyone reading this topic, watch the video linked in The Verge account. The creators of BTC-ROBOT think that bitcoin is a fancy new thing that will fizzle out soon, as such it is set to sell your bitcoin for dollars as soon as possible, because any price is a good price. It is very timid in buying BTC, and only does so at really good price variations.

The "VALUE" portfolio is calculated in a certain way that makes this bot unprofitable against simple buy and hold trading. There is a chance that this bot will be super profitable if the price crashes and you need the USD. Good luck to everyone!

Honestly I did not understand what you were saying. The USD value of the porfolio is simply a sum of the current value BTC+USD.

The point is to grow this value no matter if BTC price is rising or falling long term.  The long term performance is shown here http://btcrobot.com/images/longtermprofit.png

Thank you

I am saying exactly what you said. The software focuses on growing the value biased towards the USD part and not the BTC part.

If you asked most users here, in a well described question, what they really wanted, you might find out they want BTC and not USD.

However, that doesn't mean your most profitable sales come from the BTC holders and may instead come from the USD holders, only you can say that.

How does that matter? It is supposed to grow usd + btc*usd_per_btc. Growing this is the same as growing "this * btc_per_usd". Problem is it fails either way to outperform a buy and hold strategy at least when you take license costs into account.

The problem with "buy and hold" is that it's only sexy while it grows. So while btc price is rising it's really does not show full potential of the bot. That's why i am always trying to show the long term picture to explain the potential http://btcrobot.com/images/longtermprofit.png

BTW, we are also researching other marketplaces.

I'm glad to mention that BTC robot presented on Bitcoin Europe Conference in Amsterdam few days ago. It was a pleasure to talk to all you guys! Hope to see you soon on the next big events!

http://btcrobot.com/images/bitcoin_europe_conference.jpg

Reminds me of this thread (https://bitcointalk.org/index.php?topic=91252.0). Where is the group picture?

Edit:
That was a reference to this:
https://i.imgur.com/oL1GtPN.jpg

Also I promis to stop posting here if any other speaker of that conference organizers posts here in a posititive way.

By the way, are you talking about the conference (http://theconference.eu) that also the bitcoin magazine (http://bitcoinmagazine.com/7006/bitcoin-conference-in-amsterdam-in-two-weeks/) mentioned or the one from your private blog (http://bitcoinlinksandnews.blogspot.com/2013/09/BitcoinEuropeConference.html)?

Yep that conference in Amsterdam (http://theconference.eu/) a couple of days ago. I was there and can confirm that btcrobot had a booth the whole 3 days (proof (http://i39.tinypic.com/20z9oqf.jpg)). I only saw one guy there though.

I talked to the one guy I saw there. After trying to explain that I am working on a open source trading bot (see my sig) the guy didn't understand me and gave me the general sales pitch. In the pitch where multiple incorrect details and I didn't get to see any running software.

EDIT: Besides the booth I didn't see any presentation (= conference talk) from btcrobot, also didn't see the guy being on one of the panels. But I don't know for sure since I was not able to attend the full conference.

Yes, I can confirm the same problem with the ruby.exe being almost always on 25% CPU (i5 on 4300MHz with 16gig RAM, Win7 x64). Quite annoying really as this little detail was not in the advertisments. Guys, hurry up with the update please !!

I requested a refund on 27 september with clickbetter.

I will inform you when i will be refunded

 ???

It's a Ruby software development kit. It uses a lot of memory which is normal. If it bothers too much, I would suggest upgrading to Gold, we'll host your robot on our cloud hosted VPS!

Memory and CPU power are totally different things. If memory was the problem, I can live with it, but CPU power means electricity bills and this is no different from mining. And please do not constantly suggest to upgrade; it is obvious this is not the solution here.

Here's a better idea, you don't need to upgrade to premium software design platinum tier, it's free: fix the bot so it doesn't use 100% CPU when it trades once a week... it's not logical to "calculate" billions of operations per second when the actual decision is required once every few hours.

I don't have a copy of the bot so I don't have any details but: Ruby is not the fastest language out there (and this bot appears to be written in it), and it is especially slow on windows (https://en.wikibooks.org/wiki/Ruby_Programming/Installing_Ruby#Windows_is_slow).

Besides that this bot is supposed to monitor the market constantly, this way the bots tries to make profitable trades (it needs to process all new trades coming in). Though this probably should not consume as much recourses I guess.

How did the bot do in the crash this afternoon?

I would suggest that if you are interested in running this bot, try running the bot on a free amazon web services tier. That way you don't have to worry about tying up valuable resources on your personal computer.

I personally am not interested in running this bot.

My bot didn't loose as much as my other account holding most of my BTC's with the buy and hold tactics.

So I'm quite satisfied with it. But I still don't trust this bot. I wish I could see and modify the code behin it.

We are excited to release our first BTC robot update 1.1 for you!

The update is addressing BTC-e API changes and the frequency of trades.

Gold / Platinum Clients:

As usual, the update was applied automatically to all Gold and Platinum members, no action is required on your part!

Silver plan clients:

If you are a silver client, you might want to exit the robot (right click on it in the trey and choose exit) then reinstall the new version from the members area. The robot should reinstall smoothly and keep your trading and api keys settings, so the new version will pick up trading without any problem!

Version 1.1 started trading really well
http://img89.imageshack.us/img89/8797/b9f5.png

in plans, adding bitstamp!

With a strong push on BTC, the public acc finally doubled. it took around 4 months on Aggressive settings.

http://img809.imageshack.us/img809/3803/u8mk.png

According to Mashable, Baidu, also known as the "Google of China," is now accepting Bitcoin payments
http://mashable.com/2013/10/15/baidu-bitcoin/

Now, the digital currency gets the backing of a real Internet giant. Baidu is the fifth most-visited website in the world and China's top site, according to Alexa.

"This is encouraging news, even more so since it is from China and with a NASDAQ-listed company," John Matonis, executive director of the Bitcoin Foundation, told Mashable in an email.

Apart from adding credibility and legitimacy, this move could prompt more companies to start using Bitcoin.

What setting do you use on your public acc?

We are using aggressive settings. They target for bigger profits but don't trade often

Considering trying this platform out.  I just have a couple of questions:

1.) If I got with one of the hosted options, are your servers located anywhere within the united states?
2.) If Either of the hosted packages is purchased, do I still receive an actual copy of the automated trade bot itself on cd-rom as well (I don't want to pay ~$250 for a hosted product and have you guys go tits up with me holding the login cred's to a disabled VPS somewhere).
3.) Does btcrobot currently only support BTC/USD holdings or are other coin permutations possible (i.e. BTC/PPC, BTC/FTC, etc.)? If not currently implemented any plans on doing so anytime soon?
4.) Any estimated timeline for implementation of BitInstant support?

1. Yes in USA
2. If you order golden/platinum there is nothing to download. We simply preinstall everything for you! Our vps are fully secure, don't worry. They are not hosted on same sever as sales site.
We dont do any CD in any versions.

3. Currently portfolio of USD + BTC only, no other currencies at this time. But we are looking into LTC in future

4. We already implemented Bitinstant price monitoring into the robot.
The robot is now monitoring 3 major btc marketplaced to perform smarter decisions. This will ensure it's profitability no matter if the price is going up or down. The deposits are made into btc-e.com
 http://img716.imageshack.us/img716/6538/84q0.png
green chart

I am really happy with my profits of last week
http://img401.imageshack.us/img401/2188/w204.png

Thanks for the prompt response Eurobitcoin. As for your responses to my questions:
1.) This bums me out...my concern wasn't so much from the point of a security standpoint although I'm glad to hear you think your servers are secure. Basically, my worry would be that I shell this money out, don't receive an actual copy of anything, and given that your servers physically reside in the states, should they decide your not complying with one thing or another it's basically game over unless your program can function in completely standalone mode without needing to tie into some sort of US-only based set of servers? Have you guys given any consideration to diversifying geographically or is this not even a concern for you guys at this point?
2.) The fact that your hosted servers reside within the states only makes this works for me at the moment. Hopefully the US will adopt a more bitcoin favorable position in the near future but I'm not seeing it at the moment.

*I also got the impression from your website that the software came with a complete set of "Exclusive Members Only" manuals and cd's containing the software...might wanna change that if this isn't the case :p

**I haven't completely decided against trying your bot out, but the answer to question #1 will certainly prevent me from considering either the Gold or Platinum options at this point :/

OK as I was one of the early people trying this bot I will share this information: I tried for about 40 days and then asked for a refund with clickbetter. Now the money has come through and is shown on my credit card statement. Just wanted to let you know, that 60 day free trial worked for me. It was free. I was not convinced of the bots performance though.

Thank you for update. Yes, we grant refund guarantee and don't scam anyone.
I am sad though that you missed all the profits later. BTC robot is a long term solution and during the september it did not trade much when BTC price was not going anywhere. Now it went up with a big profit for us and when the price dropped the robot was effectively protecting bankroll from drop as well:

http://img23.imageshack.us/img23/688/75h7.png

 
1. We don't have any concerns about it. We are not a US company and no US regulations apply to us whatsoever. Moreover if you heard the news Bitcoin is growing fast not only in China (Baidu) but also Wallmart will soon accept it (via gift cards) in USA! That is good news.

Yes, we don't ship any physical copies. This would be totally useless because BTC-e is updating the API very often so your copy will get outdated in a week. What we do is we sell subscription , if you buy Gold it means that full 1 year we will be supporting you and your trading + upgrades. Platinum for 3 years.

This also means we are interested in quality service because if we suck and don't update anything, you will never renew your subscription after 1 year and we will lose the customers.

Hope this makes sense.

Ok...so I'm still concerned about the Gold and Platinum servers being hosted in the states but I am willing to give the silver package a go. However, the last point you raise regarding the frequency of API changes at the exchange level and the need for constant updates obviously raises a concern for me with the Silver package. Does the silver package include some sort of auto-updating mechanism or is this something I will have to do manually?

Silver version is hosted on your computer. We have no control over it whatsoever. You will have to update it manually when the updates are released (simply follow our newsletter and get new file from the members area)

For Gold/Platinum no manual action is needed, we update all ourselves.

You guys are aware that you are being flagged by WOT?
http://www.mywot.com/en/scorecard/btcrobot.com
Nothing conclusive there, but still makes some users nervous.

I don't know what that means and I never heard of "wot". i visited the link but I see just generic page and no information good or bad about it.

Anyways,

The update was released. (Silver as well) .
this is one of our updates alongside with Bitstamp filters
addition and new settings improvement. The updates are applied
automatically to Gold/Platinum members and there is no action needed
on your part.
The goal of the robot is to grow the value of your portfolio (Combined
BTC+USD). However a lot of new members did not understand this fact
and always counted only BTC forgetting USD. This created a lot of
confusion in the past. To address it we now display the TOTAL value of
the portfolio in USD which is our goal to grow. Example:
Current Portfolio Value: 1013.18 USD Total

"Best Performing asset in the world" says Keiser Report: Bitcoin - Resistance Starts Here!

Watch this video discussing bitcoin profit potential in the new era of Currency 2.0 Bitcoin


http://youtu.be/A2Cjo7CHh6w

And you base your robot's profit off of $ instead of BTC?

Seems a little silly.

tysat,
we discussed this many times.

The robot goal is to grow the USD value of your portfolio (sum USD+BTC on account).

So if I buy this can I make a profit being from the usa?
Because we can only buy from 2 exchanges Mt.Gox and Coinbase and Coinbase is always cheaper.

Yes, you can trade from USA too. BTC-e.com allows direct bank wire from members even from USA. no need for coinbase.

question. A trading bot lives and dies by trading signals, regardless if it's BTC or any stock. What technical  indicators do you use?  I personally like Bolinger Bands mixed with support and resistance points

Ok, so I've been running the Gold Hosted bot with Aggressive settings for several days and I have a couple of observations thus far:

1.) The bot doesn't seem to handle new deposits very well or at least was designed to ignore them until the bot is shutdown and restarted. So if I decide to sell some XPM for BTC the bot doesn't seem to take this overall net BTC increase into account with regards to its trading strategies.
2.) Thus far all I have seen the bot do is sell whatever small portions of BTC I direct at it for a seeming loss. (Note: this would have been pretty easy to do myself and far cheaper I might add, but I do understand that BTC has basically just been on the rise so I'll be patient)
3.) The two buys that the bot did perform made absolutely no sense to me whatsoever but could be as a result of my exchanging other coins for BTC and restarting the bot perhaps?

Anyway, I would like to continue to throw more BTC at the bot in the hopes that it knows something that I don't, so could you please let me know if shutting the bot down and restarting it after each BTC increase is the proper thing to do?

The robot is using hedging techniques, it analyzes not only the price of btc-e but also the price in other 2 major marketplaces: Mtgox and Bitstamp to take the decisions.


The balance check call is done during the next trade after the deposit is made
That's api limitation, not a problem.
The net value of portfolio is counted in USD at all times (sum of btc+usd)


The robot is a long term solution and does not require checking and baby sitting. Please set it on aggressive and let it work. No need to doublecheck it daily. The goal is to grow your portfolio over the long period of time.

here is one of our clients. aggressive settings. As you can see it is much more effective than "buy and hold" strategy because the drawdowns when the price goes down are significantly lower than price drops. so the robot not only good at making profit but also at keeping it when price of BTC drops!
http://img856.imageshack.us/img856/1401/sey6.png

Hey fellas...It appears as though the BitStamp API interface with BitStamp is possibly offline since 0:47? I seriously doubt there has been 0 activity either way going on there since that time.

so you're telling me the bot goes with the flow and the book depth on 3 exchanges but doesn't follow established trading indicators that generate buy and sell signals?

Also it runs millions of calculations per second and uses up all your CPU, even if the trade decisions are like max 10 per day. Anyway, it's one bot, it works in it's own way, take or leave it.

I'll leave it, have enough day trading experience to know what works and what doesn't. Just wanted to know if this was for real or an amateurish implementation/ Thank you for your millions of calculations per second comment, it made me laugh so hard.

The robot trades on Btc-e.com not on BitStampt. BitStamp is used as external additional filter. Even if BitStamp is offline, the robot is operational.

Regarding this API limitation? Are you saying that btc-e api doesn't give your bot the ability to check current BTC/USD balances in realtime?  If the bot is only making 2-3 trades on some days, would it not be wiser for the bot to be aware of newly added BTC prior to making next buy/sell order in case there is a major dive or climb? I'm not understanding the logic or your response to that particular aspect. Can you please clarify?

*I just took a 5 minute look at the btc-e API documentation and your argument is invalid. The getInfo method returns all current user-balances for all held coins, so it is not a limitation of btc-e's API but rather how frequently your bot is checking this method. I would love to hear back from you on this.

I appreciate your concenrn.

We do check balances obviously but there is no way to see if balance was increased by manual operation, robot trading or manual extra deposits. We recommend that you start fresh BTC-e acc and deposit just once before trading.

API documentation says otherwise... All you have to do is pull trade and transaction history, then do a little bit of comparing to figure out why the balance changed.

^ You can have that tip for free.

Strange, this answer confuses me a bit more. Well, maybe not so strange :)

How could there be no way of telling if balance was increased by manual operation? You know our USD/BTC balances. The bot obviously knows what trades it has executed, when, and for how much. I'm missing something here.

Lazy programming, same reason you can't make the bot run based off of BTC instead of $.

I used BTCRobot and I am an affiliate of theirs. I'm not a customer anymore as I've found that its more profitable for me to leverage trade on BitFinex.com than to make use of the platinum license.

Its not a scam and I can vouch for it (on that aspect) from my experiences. For accepting payments, they use the services of Clickbetter, a Clickbank clone so you're assured of your money back if you make a refund request.

In essence, as I could tell it uses the price difference between the exchanges to decide if it should buy or sell and makes a few small trade when it claims to find opportunities. I bought in a time when the market was a bit flat, not much volatility and hence not much trading activity from the bot.

When it did trade, it was counter-intuitive. Selling when the price dropped and buying when it went high again.
All the while though this, they kept in touch with us customers assuring us that this bot is a long term thing and in the long run it would turn out well but it simply wasn't working the way I wanted an automated trading bot to do so.

As others have mentioned on this thread, there are some open source bots and I'm going to start there, do some research and find a system to trade that we can discuss and collaborate on, make available to the community freely and sponsor upgrades through donations, because it works to grow your BTC (XBT?) wallet :)

Anyone interested please PM me!

Yeah, have been taking a look at couple of the open-source based projects as of late too. Thankfully it seems as though BTCRobot has finally decided to stop selling my BTC low and buying it for more and is currently leaving everything in BTC. At this point, definately not seeing any benefit to using but will continue to allow it to run. BTC can't keep going up forever...or can it :p

*I too have noticed that every trade my bot has executed thus far has for the most part been counter-intuitive to me as well...maybe I should just let it run in the background, watch it, and do the exact opposite of what it's doing on some other exchange with same BTC and see what happens? :p

Starting to think this may just be the case unfortunately :/

*And the real crux of it is that I'm basically talking about a section of code that at most should take 35 minutes to write...assuming you watch yourself a whole episode of big bang theory first.

Thank you for your opinion. If it was that easy we could do it long ago. Anyways, if you are using fresh account there should not be any problem.

It is that easy, just like flipping the switch from USD based trading to BTC should be.

Got a good reason they're not in the robot?

Hey, thanks for explaining. Have they done any updates recently, improving their system?

Our update was 2 weeks ago where we improved the performance and added bitstamp filters!!

I would enjoy having the option to choose whether the robot attempt to grow my BTC or USD balance. As a committed customer now (for the next year), I hope that this option would become available in the future. I think this would be good way for the Robot to stand out from the others; because the more options the better in my opinion. Assuming this would give BtcRobot more customers- its a Win/Win. It will just take a little hard work and testing :)

Public acc growth

http://img809.imageshack.us/img809/9244/cvnq.png

According to you homepage you bot sold 25 btc at 431 tonight. That doesn't seem that smart now.

I have been sharing my profits and I want to share it again today..
So fa so good I am happy with the bot
http://img42.imageshack.us/img42/8389/jjlj.png

Yes ~37,5% is a very nice profit for one week


Bitcoin  made ~53%

We're glad you're happy BTC fan, everyone has their goals and needs and you seem satisfied. Nobody is trying to imply anything, but let's look at the following:
https://bitcointalk.org/index.php?action=profile;u=144443;sa=showPosts

A. All your posts are "behind the scenes" or "possibly in cohort with the publisher" and you seem to have no other interests in the world of Bitcoin at the moment, that you only reply for btc-robot and promote him.

B. Your screenshots  (https://i.imgur.com/TsP1myU.png)show you started with 860 USD or 8.8 BTC and one actual USD. That same 8.8 BTC is worth today 4400 USD. Yet you only possess 1652 USD today in your account.

How do we explain he fact that you "lost" 2750 USD by using this product, and you are still endorsing it and declaring satisfaction? We are having some problems sharing your sentiment. Maybe I there is an error in the information I just presented...

Hi there. The talks about this hypothetical "loss" is pretty often. Let me explain further.

The point is, you must understand that even if the robot may seem less effective than a simple price increase, as soon as prices stall and fluctuate (as they are certain to do), then you will lose much more than you would with our robot. You might get less profits with our robot than by riding on strong intermediate price rises but atleast you will not blow your accounts or fall into 70% drawdowns with the robot if the prices were to go south. You are only look at one side of this trading story, not thinking about what will happen on the other hand. I hope this is clearer to you now.

Seems you have removed the comparison chart to Bitcoin from your site. Anyway this robot is a good business idea.

We did not remove anything, seems like temporary bug with price feed, will fix it asap.

Yes, I understand during the very strong trend robot could be less profitable than just simple holding, but during big collapse it will save your account much more effective too rather than diving down with "buy and hold". And prices will not always grow on a strong trend just like now, the correction will come sooner or later.

our public acc is still displayed on site:

http://img577.imageshack.us/img577/8929/z0b5.png

My robot seems to be doing a good job selling low and buying at a much higher price,

http://content.screencast.com/users/tbly13/folders/Jing/media/801ca3e8-02df-4a73-a4b1-f0ec852bb068/2013-11-18_1800.png

It would have been WAY more profitable if the Robot had done the EXACT OPPOSITE of what it did! A little upsetting in these volatile times.

… just wait for when it goes down. You will see how it magically protects you from any losses. And don't come claiming buy and hold would work better because we all know the bot© is perfect.

+1. Perfect for losing BTC, But I am stuck with it now. Even said good things about it, but it is making some pretty dumb trades. Wanted to trust it; but it literally has been doing what that picture has been showing for awhile now. It continues to buy high and sell low.

You guys need to understand that we are talking here about mathematical model that is created to protect your capital from drastical price fluctuations. When you are getting huge strong trend you can also get huge correction back.

The robot is calculating PROBABILITIES of such thing. It's not a magic ball and can't see the future correct ALL the time. Obviously it will make some mistakes and it is normal, but the goal is to at least to be correct most of the time, that is enough to be profitable long term and protect the capital.

So picking couple of wrong trades out of thousands is not a good strategy. You need to let it work for a few months in different market conditions and you will see its potential!

We understand how the bot works and we can see why it was designed like this.

What we want to know, do you understand how Bitcoin works? Do you understand that it is not similar to other fad technologies, stocks or stores of value? Do you understand that each bubble causes the price to jump up 10x then recover to 5x compared to before? Do you understand that Bitcoin's value is growing exponentially by more than 0.5% a day?

Sure, if it crashes to 0, your bot has done it's job (of saving 90% of your investment in dollars). But if Bitcoin is successful, it will only be providing negative profit compared to simply not doing anything after you acquire Bitcoin.

Sorry if this sounds negative, but I'm sure we are talking things most people already know. Glad to see this is profitable for you and that we can experience the effects of your algorithm on the bitcoin market, it is really informational.

Yes we have heard you say this many times before.

I have already let my robot work for a few months (since AUG 18th). And I would say it has made close to a thousand trades. All it has achieved thus far is cutting my bitcoin balance in half.

I would love to receive a refund now....But I know you wont let me because I am over the 60 day guarantee, which is my fault. It was my mistake putting so much trust in a new system.


I completely agree with this statement by BombaUcigasa:

Does robot support MACD, RSI and other technical indicators?

@
Bitcoin traders, next target is $370.

That is when on the support level it will define the further move. it is a strong buying point because btc always bounced back from this level. $370->800 could be a good target.

If broken $370 important support level, then it will return to normal $150-200 usd as before.

A.K.A the robot will sell your coins at $370 and then buy back above $500..(just my experience thus far)

Guys, your taking a risk. Nothing is handed to you in life, and if there was a good "trade bot" it wouldn't be public.

That is not true. You are taking 1-2 wrong trades of thousands and making false conclusions. Let robot trade 2-3 months to see the big picture! This is NOT a crystal ball. We are talking about probabilities.
Robot does not see future. Nobody does.


The robot is much more profitable and safe than "Buy and Hold" strategy and the huge price fluctuations during 18-20 November has shown its effectivity.

Lets compare the numbers.

Here is one of the customers accounts. It shows:

https://i.imgur.com/2iV2dSg.png

Weekly profit: $795.35, total profit: $1767.28

This means the last week the profit WITH robot was around 35-40%

Meanwhile without robot just by "buy and hold" the profit would be only 25-30% Max.

Now lets compare drawdowns.

The price on November 20 decreased to the level of 1 week ago.

So your "buy and hold" profit would be simply 0 comparing to last week!

Meanwhile WITH robot your profit is 15% bigger than 1 week ago :)

That is how robot is much more effective than buy and hold strategy.

Yes, the robot is not a crystall ball and can't save you 100% from any huge price drops, but it does it's best to protect the capital during the big price drops as well and maintain profits when the price is increasing.

The bottom line is, the robot is effective and if you let it work for a long time, I am sure you will love it.

I actually have been monitoring the trades the robot has been making closely, and the actual trades show up on my BTC-e account. Many of them being like the trades I have posted previously. I have had the robot for 3 months, see my earlier post (#243)




Agreed, Which is why I paid $250 for the robot.  ;D

Here is the current setup

https://i.imgur.com/QnneNvV.png

As you can see we just broke the resistance level and received two green bullish signals on a possible growth.

This is a very important point in Bitcoin price, we might finally establish new level around $550-603 usd with a further target of $800-1200 next month!

Here is the update, as we expected price has bounced back from support and forming new bearish trend

looks great!

https://i.imgur.com/rYcVN4X.png

As we discussed yesterday, BTC price bounced back from the major support level and established a new bullish uptrend.

You can see the trading signals we had earlier this week (green = Buy, Red = Sell)

Next support level is establishing at $650 with a up target of $800

BTC robot sponsored Singapore conference and we are looking forward to see you guys on BTC India next month!

https://i.imgur.com/rgKfEK3.jpg

Like we earlier discussed there occurred a typical for the currency market "rebound" of the price after sharp jump which makes some correction of the current market situation for the bitcoin. When it happens regularly without changing of the main trend of the price it's a sure sign of positive investors sentiment which tells us about stability of the bitcoin. Moreover after positive news from the Senate and even from the FBI, who decided that bitcoin it's "legitimate" financial service or payment tool we can await further stable growth of cryptocurrency with some correction. It's just awesome conditions for successful bitcoin trading!

https://i.imgur.com/sFDehrt.png

Great timing now to sell some BTC and LTC and enjoy the profits. The price may bounce from reistance level into 650 next target with strong support at 500 and then go for the next target at 1000-1200!

Current setup
https://i.imgur.com/roDySos.png

I don't want to take the risk of investing into it myself

but what I've heard from others that have is that the program does work

However, the profits from it are so small that it is practically impossible to get the money worth back

Don't buy it

Thank you. If you did not try it what kind of review is it?

The profits are very good.  Weekly profit: $23970.50, total profit: $82918.93

http://img585.imageshack.us/img585/6444/r00u.png

based on research from Ivan Raszl (bitcoinowl) here are 5 Life Cycles of new technology (Bitcoin)

https://i.imgur.com/f5v3AkW.jpg

Dear eurobitcoin
I will ask you here as you don't seem to give me answers on email.
How many bitcoins did you start with.
How much would they be worth now if you hadn't used robot.
Every trade cost commissions
I started with 5.11 bitcoins I now have less than two
Why does the robot buy and then a minute late sell for less
Why do you keep telling people that the robot is making everyone money when there is absolutely no evidence to back it up.
If you continue to tell lies then something has to be done.
 I am in profit but that has nothing to do with your robot it is only because bitcoins have increase dramatically in price.
I thank you for making me jump into bitcoins but every time you send me a email telling me how good you are you make me cringe.
My advice to any one that is interested in purchasing this robot is don't.
I do how ever see a investment in bit coins as wise.

What I would like to see is a chart that shows how many trades were profitable my guess is not as many as it lost

 you need to understand that even if the robot may seem less effective than a simple price increase, as soon as prices stall and fluctuate (as they are certain to do), then you will lose much more than you would with our robot. You might get less profits with our robot than by riding on strong intermediate price rises but atleast you will not blow your accounts or fall into 70% drawdowns with the robot if the prices were to go south.

 You are only looking at one side of this trading story, not thinking about what will happen on the other hand. I hope this is clearer to you now.

What settings is this bot your showing running on?

We are running aggressive settings!

After a few days of bearish trends (red arrow) we are looking at a new strong Buy signal.

 The next resistance level is at 1200 and if broken we can see a very strong up trend (bullish trend) up to $1400-1500 target!

The future of Bitcoin is brighter than before.

BitPay Sees 6,260% Increase in Bitcoin Black Friday Sales! More and more vendors are accepting it!

Current chart
https://i.imgur.com/lrQQxEg.png

Solid profits are coming in december!

Lets close this year strong!

And aggressive is the one that holds longer instead of trading more often correct?

Correct!  :)

I notice from time to time there are long periods of times when the prices do not update at all. Currently for the past 2 days it just shows a flat line for mtgox/btc-e/bitstamp.

Any ideas?

True, sometimes Mtgox and other exchanges are heavily ddosed and their api is down. Even bitcointalk was down under attack.. Such things are beyong our control. When the api goes up we restore connection and catch up on the trading!

All is fine.

I have several gold plan robots and continuously lost btc on all my accounts.Sometimes in last two month when price go up robot is in "profit" and i turn it off,go to btce account take all but amount that i give it in beginning,turn it back on and it went to minus till next price up.
Than I try to let him work on one big leap up,leap down,leap up,leap down (~1100-~600) and profit was around 15$ and it is clear from charts that 15$ is just because second price difference was higher.
My judgment on this software is that is bad.If you just hold your btc and sell part of it when price is much higher than when you buy/mine it,you will be in much higher profit.All you has to have for that is patience.
Have and one question.Explain this copy/paste from my btce acc where robot is working and tell me what is good for me in this picture?

05.12.13 12:26   Your order #77214374 (buy 3.038152 BTC @ 1028) filled completely.   hide
05.12.13 05:39   Your order #77190681 (sell 3.082683 BTC @ 1012) filled completely.   hide
05.12.13 05:38   Your order #77176550 (buy 3.116125 BTC @ 1043.483) filled completely.   hide
05.12.13 05:19   Your order #77175607 (sell 0.388932 BTC @ 1016.5) filled completely.   hide
05.12.13 04:54   Your order #77155442 (buy 1.479811 BTC @ 1064.536) filled completely.   hide
02.12.13 18:12   Your order #75158199 (sell 0.01042897 BTC @ 910.176) filled completely.   hide
02.12.13 18:11   Your order #75156978 (sell 0.0519095 BTC @ 901.541) filled completely.   hide
02.12.13 18:08   Your order #75152895 (buy 0.04325545 BTC @ 892.3) filled completely.   hide
02.12.13 18:02   Your order #75146423 (sell 0.0434712 BTC @ 885.988) filled completely.   hide
02.12.13 01:11   Your order #74434668 (buy 0.13116884 BTC @ 900) filled completely.   hide
02.12.13 01:10   Your order #74433160 (buy 0.0543196 BTC @ 909) filled completely.   hide
02.12.13 01:08   Your order #74429703 (buy 0.17353113 BTC @ 904.998) filled completely.   hide
02.12.13 01:07   Your order #74426216 (sell 0.27591869 BTC @ 904.909) filled completely.   hide
29.11.13 01:41   Your order #71612415 (buy 0.13308676 BTC @ 959.99) filled completely.   hide
28.11.13 10:00   Your order #70812348 (buy 0.853627 BTC @ 877.253) filled completely.   hide
28.11.13 07:34   Your order #70797345 (buy 1.980248 BTC @ 914.152) filled completely.   hide
28.11.13 06:00   Your order #70730432 (buy 0.04253564 BTC @ 949.998) filled completely.   hide
28.11.13 05:36   Your order #70712443 (sell 0.04156216 BTC @ 957.091) filled completely.   hide
28.11.13 02:36   Your order #70596255 (buy 0.4204153 BTC @ 940.001) filled completely.   hide
28.11.13 00:37   Your order #70521201 (sell 0.0534884 BTC @ 933.911) filled completely.   hide
28.11.13 00:37   Your order #70520231 (sell 0.04610315 BTC @ 936.981) filled completely.   hide
28.11.13 00:36   Your order #70517654 (sell 0.0123847 BTC @ 939.8) filled completely.   hide
27.11.13 02:15   Your order #69715884 (sell 0.1468584 BTC @ 866.654) filled completely.   hide
27.11.13 01:18   Your order #69758864 (sell 0.04720034 BTC @ 841.01) filled completely.   hide
27.11.13 01:13   Your order #69755434 (buy 0.08432904 BTC @ 842) filled completely.   hide
27.11.13 01:12   Your order #69754067 (buy 0.03237137 BTC @ 843.3) filled completely.   hide
27.11.13 01:10   Your order #69752155 (buy 0.03563058 BTC @ 844.01) filled completely.   hide
27.11.13 00:53   Your order #69739316 (buy 0.01276427 BTC @ 856) filled completely.   hide
27.11.13 00:49   Your order #69735225 (buy 0.06125606 BTC @ 856.319) filled completely.   hide
27.11.13 00:39   Your order #69731015 (sell 0.04869971 BTC @ 853.1) filled completely.   hide
27.11.13 00:29   Your order #69708913 (buy 0.26568093 BTC @ 853) filled completely.   hide
27.11.13 00:28   Your order #69721023 (buy 0.09376919 BTC @ 861.5) filled completely.   hide
27.11.13 00:27   Your order #69723435 (buy 0.08629118 BTC @ 863) filled completely.   hide
27.11.13 00:18   Your order #69716399 (sell 0.03938358 BTC @ 864.664) filled completely.   hide
27.11.13 00:10   Your order #69705308 (sell 0.09429538 BTC @ 854.999) filled completely.   hide
27.11.13 00:04   Your order #69701742 (buy 0.21875491 BTC @ 850.011) filled completely.   hide
26.11.13 23:57   Your order #69686919 (buy 0.21973927 BTC @ 872.054) filled completely.   hide
26.11.13 23:56   Your order #69696287 (sell 0.05850226 BTC @ 873.11) filled completely.   hide
26.11.13 23:55   Your order #69695770 (buy 0.11539159 BTC @ 874.01) filled completely.   hide
26.11.13 23:55   Your order #69691876 (buy 0.11862015 BTC @ 872.08) filled completely.


Also I can say that my acc wealth last night was 3.225 BTC and after this this morning is 3.0632?!? In $ or btc this is LESS.I agree that you can say that will be higher portfolio value next year when btc price go to 10000 :),but did i need robot to hold and continuously lost amount in btc that i have next year 1*10000=10000$ which is more than last night 3.225*1050=3386$?And one more thing this morning neither of my robots don't see real amount in btc,and when I login and look i could die there was zero to all of them.Is that some bug or what?Can you add reset button so i can reset my software when go crazy.

Hi, I also would like to contribute with some personal experiences with btcrobot and with it's customer support.

I bought robot in september [gold] and set it up right after I got credentials and pair it with btc-e.
I let it live on it's own, sometime switch modes from medium to aggressive and back.

Everything was ok but on nov 15 problems started to queue up.
I went to check robot and it was inactive. No manual interaction, why should I do it anyway.

I reported this immediately, but was slapped with avoiding answers on my direct questions and random crap, based on not reading and understanding my report in emails. It was not possible to bring bot to active mode by following provided instruction.
Then I got reply about my robot being reinstalled and therefore clearing all it's history and profits.
My demand on restore and compensation of lost profits passed by ignored.

I was pissed and angry, and imagine receiving emails how trades are doing well, and how robot makes profits and all this shiny graphs. I was left ignored and uninformed, just like that. Btw all this was happening when BTC jumped from ~300 to ~900 bucks so you can imagine better what I was experiencing as customer, who payed for toy to be played with, but could only watch it from behind the glass... loosing profits and being powerless in the same time

I did wrote a couple of emails to support, requesting action and updates regarding this issue, but I was not very satisfied with their treatment. I will definitely not mark it as professional approach.

On nov 24 I went to check if anything changed, I logged in and surprisingly I was able to bring bot online. Finaly after 7 days of nothing, it was able to trade. Why I was not informed about it being fixed nobody knows. What went wrong or any report explaining whatsoever... nothing.
It just start to work and that's it.

I was happy about it working, anyway I was still in demand of compensation of lost profit, which was not met with success neither understanding.

Later after few more email my claim was declaimed blaming unavoidable technical issues or something like that. Just to keep me off from spamming their mail box I recon.

So this is my personal experience with btcrobot and their support.

Anyway it's now up and running, but it loose a lot of its credibility in my eyes. And I feel like I was tricked or robbed if you know what I mean.

Take whatever you want out of my experience. At least you will be prepared more on what to expect, when dealing with BTCRobot.

donations wellcomed :)
1G4mk5rFHgW8f2cWuebqoKvjfk6H9S5HHV

The robot is developed as an automatic hands free solution. If you turn off / on and mess with it's work your results may vary.

The hands free automatic account shows very stable and safe performance:

http://btcrobot.com/images/longtermprofit.png

P>S. smrtak , I apologize for ineffectivity of our support, we will get better. We are working hard on improving our service and we are here for many years to come.

I also had that issue last night. When I logged in the bot was set to inactive...i enabled it, hit save. Few hours later inactive again. Turned it back on and it has been active since.

I realize this is supposed to be hands free but what if we don't notice this. Would it switch back on automatically?

Ok,can you tell me how and when to take some of profit from robot?
And can you explain to me what is logic in sell on low price and buy at high price?I have few more days to ask for refund so please help me to understand how your product work or i will be forced to ask for refund.TY

To take profit you can go to your btc-e.com account , convert into USD and withdraw USD by paypal or wire or any other options.

Here is long term chart. The goal of the robot is to safeguard and grow USD value of your portfolio (combined USD + BTC)

http://btcrobot.com/images/longtermprofit.png

Anyone else seeing bad trades with this robot past 24 hours? Me and a friend of mine are both loosing quite a bit because the bot is selling low buying high. (Aggressive mode)


Is it possible to tweak exit point when selling? I feel it exits way too quickly, and it keep selling and selling, and when the market start going back up it does not buy at equal pace ending up always buying at higher price then it sold at.

I also have had quite a few of buy high and sell lows happen the last 2 days

This is what happen to me as well, I went to check the robot and it was inactive. No manual interaction from my side. It was just off.

I wrote to support:
"could you please explain why was my robot inactive? who switched it off? and why?

I switched it back a minute ago.

To be honest about this I DO NOT LIKE IT!

What are you following with this? :-("

Anna Pavlova's reply:
Hi
Your robot is on and working correctly

This is example of email conversation I was mentioning in my experience few posts above.

I really don't know what's wrong with support, is it hard to answer a simple question?

Eurobitcoin: What is your role in this business? What would you do in my position? How can I get my lost profits back? I didn't pay for reading bullshit all the time. It's not funny any more.

has your bot been working at all today? Mine has just been sitting there. Wont even update my balance

Not working at all today.

I'm pretty sure its because whenever there is a lot of activity such as a crash, the btcrobot's server (i'm assuming) can't keep up with the traffic or maybe there is a limit to how many api calls they are allowed.

Either way, You will notice when everything is working fine, btcrobot tries to connect to http://198.211.114.94:8080 however whenever the bot does not work properly, you will be unable to connect to it such as today. 

Just what I have noticed...

Immediate refund request on my Gold License please. Posting on public forum because e-mailing support@btcrobot.com has resulted in no response.

*Bet your profitability chart isn't looking so good now huh Euro? ;)

Yea I'm having the same error Fatal

Last operations
Time   Type   Amount   Price
15:26   Open Trade
15:26   buy   0.011   957.10
14:48   buy   0.012   963.77
04:18   sell   0.011   961.00
03:18   sell   0.011   950.00

Doesn't look like...

Though they are keen to send emails about successful stories. This part of support obviously does work perfectly and is always on time.

guys i am planning to buy this. can you guys tell me is it real or a scam. and i can i make a profit out of it?

I would advise against buying it, you'll probably lose BTC while using it.

This is from 3 months ago. Surely with your thousands of dollars in revenue you can generate a newer chart that takes 5 minutes of your time...

Also, bitcoin's price adjusted to a lower level today. This is a great example to show future clients that your bot can preserve value during crashes.

Next email:
Robot is again inactive!
Why do you keep switching it off?
It suppose to be fully automat, does it?
So what was the reason for me to pay for golden licence, when it is not up and running?
What is the meaning of having payed VPS, when it is off?

I am awaiting explanation and I am very disappointed with the service you provide!

WTH mine keeps getting bulltrapped over and over, and its starting to become rather tragic, as i have said in an earlier post i have set my robot in Aggressive mode, which is stated as a long-term-trade-logic yet it very much looks like its trading in ultra short term, and it keeps loosing, is the robot not capable folloing the market fast enough hence why its getting trapped over and over?! Please we need to get some explanation behind this.

Im sure most agree and understand some of the reasoning for this "cut eventual losses with an actual market crash" however most know that bull traps are not crashes there are someone who manage to manipulate the market and keeps tricking "us" (the bot) into doing BAD trades!! WTF!?

You should read few last pages of this thread and be extremely careful about your further actions. Unfortunately I cannot exit with refund as I use robot for more than 60 days, which were actually problem-less and I saw the profit value raising.
Then it went to troubles, robot get restarted, all progress deleted, no compensation for lost profits caused with provider of this payed service and highly unprofessional attitude. Bot is unstable, keeps switching off without any notice and for no reason. Support is silent about
It's my experience.

I haven't read here anyone with positive feedback, except insiders, who are probably benefiting from propaganda.

see for yourself:
this morning around 11AM CET
http://i41.tinypic.com/opogtv.png

about an hour ago
http://i44.tinypic.com/2eclo3r.png

Dear science! I bet I can build a bot that does random trades and does better...

Bought mine yesterday, turned it on slightly before the downfall. It bought 1btc at 985USD but since then it has not done anything. havent even updated my portfolio value. What is going on at the moment?

During the BTC price downfall the robot showed it effectivity in controlling the bankroll and reducing the risks. With "buy and hold" your drawdown was 33% but with robot it did not excceed 20% during the same week

Crazy volatile week for bitcoin. First some controversial crypto-currency news were released by the Chinese government.

However, bitcoin continues to garner support in the US, with Bank of America Merrill Lynch predicting a bright future for the virtual currency.

“We believe bitcoin can become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money transfer providers,” a report issued by Merrill Lynch said Friday. “As a medium of exchange, Bitcoin has clear potential for growth, in our view.”

Earlier this week, the US saw another big buy made via bitcoins as an anonymous buyer from Florida purchased a luxurious Tesla Model S sports car for 91.4 bitcoins ($103,000).

The BTC robot was effective in managing the big price decrease and effectively reduced the dradown comparing to "buy and hold" strategy.

Bitcoin price was more like a roller coaster this week:

http://www.brainlesstales.com/images/misc/bitcoin-roller-coaster.gif

now i reseted, reinstalled and got a new api. the robot is still standing still and it doesnt say i got any funds even though i got enough btc and usd!

How to get refund fast?My robots lost all my money and bitcoins today.If someone tell me how to attach screenshot i will post evidence from my gold plan robot and btce accounts.

PS. I just emailed support and ask refund for all 4 gold plans.Now we will see is it possible or that was lie too.

upload here: http://tinypic.com/
 and then post link

wow, you really  bought 4 gold plans at once. I hope you get your cash back mate!

Emailed support about getting my bot restarted 2 days ago. Bot has just been sitting there not doing anything

That's nice to hear. Post an update to this: btcrobot.com/images/longtermprofit.png

That it is not my experience.Yes robot suppress downfall better than buy&hold but then sell your bitcoins low and buy high and loose all of your bitcoins.I am now suspicious that they somehow use that to buy from you cheap bitcoins and mask that with next price leap.That is "robot is made to grow your portfolio value" and in the background you sell to them by lowest price your btc.In my case that is more than 4 btc :( .
Is there a way to upload my screenshots directly here and not on tinypic or some other service?

PS: Yes I have four gold plans because i run in to btcrobot in worst moment for me, when price start to grow from 100$ to 1000$ and i didn't see what is behind that "your portfolio growth" story,as i explained,and like all other hungry a*ss wanted to use profit on one robot to another and so on :(:(:(

I asked the guys at btcrobot to reset my stats. Ill be doing 30 days of letting it run and show you guys what the actual earnings or losses are for me.

http://gyazo.com/933a2393a35bfdd513c3c8bd1944fa2e.png

wish me luck

This is not true First of all, there are NO LOSSES!

What you see as a loss on the chart and balance is not a loss but simply visual issue on the chart due to btc-e API problem we experience.

Your money is NOT lost. You can simply check your btc-e account.

Let me explain,

There was an issue with btc-e api which returned the wrong decimal points of the price which results in a big dip on the chart that Robot interpreted incorrectly as a Loss. that is NOT a money loss, just visual chart issue. We'll look into fixing it asap.  Some of the money could be in unfilled orders. Until orders are filled they are not on yoru balance and the robot does not see it , interpreting it as a loss. However money are still there. Wait till orders are filled

Your money are safe and not lost, you can check your btc-e account...

Rest assured the robot is safe and if you can have drawdowns they are usually minimal, it cant "blow" your account like forex robots do. It's very safe.

is there another error with balances updating?

From this stats... what i understood is
If i buy at march BTC and keep it i would have more money than btc robot itself!
Please someone fix me.
BTC is 140
robot is 100
so lose 40 dollars value... is 100 pure profit or what. If so I very regret i bought it and i lost money %20 in 2 weeks and also paid for it. double crash...

Don't buy it.

Be careful it is a scam and when you asked to refund money on 60 days back guarantee they don't refund.
I bought it one week ago and I asked refund on 5 December and nothing.

They don't refund it....so don't waste your money because there is no money back.

Unfortunately everyone cant be winners.

Minimizing risk has its cost as you need a clear trend before you either sell or buy which can cost you when the market is this volatile, worst case if you don't minimize the risk you could end up with a wallet full of BTC that are now worth 1/3 what they were yesterday. (hypothetically speaking)


Not throwing in the towel quite yet however i would like to know if there are any way we can adjust the robot so it does not react to the strongest bull/bear trends, as they tend to bounce just as hard in opposite direction which is where the robot is "tricked" into doing these bad trades.

My losses is very big.It is ok that with robot graphs,but it is just nice story.On btce accounts (all three of them) my loses is more than half in $.On 3 acc had 5500$ now have 2100$.That is not because price drop but robot negative trade and lost btc.
On main acc had 3.2btc by price 1100 now i have 2btc by price 865.HE LOST MY BTC.Now i have to wait price of 1550$ to get my money back.If I let robot to do some more "PORTFOLIO GROWTH" i will have 1btc in short time and must wait then price of 3000+ so get money back.
On request for money back they give me explanation what was happened,btce api is blamed :).
Btc robot team there is in public:
I AM NOT SATISFIED AND WANT MY MONEY BACK,NO EXCUSES-please

Lets not argue without point, send a support ticket to our support so they can check your account with numbers.

The robot can't lose "over 50%" it's simply not true. Sometimes it can lose small due to btc-e commissions eating some of the profit but that's pretty much it.

Make sure you don't have any working order stuck on BTC-E.  I found about $3K worth of orders that the robot could not cancel.  As soon as I cancelled them, $3K magically appeared in my account. Probably your money are stuck in cancelled orders.

My friend i don't want to argue.Like i said,using robot for some time and i know that glitch about not canceled orders,know about btce fee can eat some of money,but like said robot continuously loose amount in btc by sell low and buy again high that is problem.There is nobody in the world wish that robot do what you said to do more than me,i am veeeeeeryyyy sad that not working but that is fact.
Again,I got one main account on btce with 3210$ started around 23.11.2013. working on aggressive settings,yesterday that account on btce (all orders canceled) had in $ around 1500$.That is mayor LOSS.Few post ago i copy trade history from btce acc and posted here.He doing all wrong/opposite and i have suspicious that was on purpose.Posted here negative orders copied from btce history ask for explanation,on support too,didn't get it,let him work one more night and hi continue to sell low buy high and that is why now not believe any more in this trading bot.Have two more,same story,one with around 1500$ started,one with around 850$ started,and fourth that was ready when this three make profit to start with that.That is all gone with the wind now and make me cry,but show must go on :).Hope that money back guarantee is true and i get some of money invested back and all will be good.

There is what I talking about:
http://i43.tinypic.com/etfzaw.jpg

That is impossible. 23 November the BTC price was around the same as now. You could maximum lose some on the commission from BTc-e. Send us your acc details to check.

Anna is on case.If you look at picture from my btce acc and few post ago copied history you will see that is very possible and inconvenient for me.

I cant identify you by forum name. We have 100 emails on support, what is your robot email to pass to tech guys to check?

Let me explain little better

Sometimes due to API issues, the robot is showing wrong account balance. It does not see the money on balance and considers it incorrectly as a loss. It's not a real loss but some issue where robot cant see the funds on your btc-e account. probably they are in the pending orders.
We are looking into that.

The robot cant lose any money even theoretically. It's not a forex marginal trading. It  simply trades on BTC/USD simply changing currencies from one to another. Money does not go anywhere, it is either in BTC or USD or in pending orders. What it can lose only BTC-e commission which is deducted but it cant even theoretically "blow" accounts like Forex Robots.

I i got my refund one week after my request, but you have to contact ClickBetter.com for that.



"Dear xxxx,
 
Your transaction has now been successfully refunded.

IMPORTANT: It can take 10 to 21 working days for your refund to show on your account.

The details of your refund are shown below:
 
Date purchased:Thursday 14th of November 2013 08:40:48 PM
Product: BTC Trading ROBOT: Silver Plan
Order ID: U56749xxxx
Amount: $149
Vat: $0

Please note that you may lose access to the product(s) you purchased once the purchase has been refunded.
 
Warm regards,
 
ClickBetter.com Support
Email: support@clickbetter.com"

I will follow this path today i regret myself how could i be such blind to see. they no answer also robot was off by itself today... it was the end of the game for me.

Hi there

During the last few days I received a lot of questions, let me address it for you quickly

1. Why my robot turns off ?

That is normal and not a bug. When we do maintanance of the servers or apply the upgrades we automatically turn all robots Off for a short time to perform those updates without messing up with  the trading. Once the updates are finished, we turn robots automatically on for you. There is no need to babysit the robot or worry about it's status, the robot will be turned ON once the updates are applied

2. What is the new update you are talking about?

We applied the new update 1.3 automatically to all robots including silver. There is no action needed on your part.

The update was addressing few Btc-e API changes that prevented robot from seeing the balance properly and resulted in incorrect chart dips. This is now fixed and the update is applied. Rest assured we are always working hard behind the scenes to keep the robot up to date for you!

3. What if I have drawdown on the chart?

As you know Bitcoin price is very volatile. During the periods when the price of Bitcoin goes down from $1200 to 600 in a matter of hours, of course you might experience some drawdowns, which is normal part of the trading. Remember there is no crystal ball, but the robot is very effective in controlling and protecting the bankroll.  Even if you experience the temporary drawdown, let the robot trade and long term it will generate you good profits. Let it work.

4. What is your prediction for Bitcoin price movements?

The prediction is that bullish trend continues. The price is holding above the midpoint ($ 640) of the last rally and it is moving upward. There will be probably a correction before moving above the all time high at $1160, that correction could be a nice buying opportunity for who is looking for a good moment to buy. See the green arrow for possible signal

https://i.imgur.com/yfFwrAY.png

5. What is this cool indicator you are always using to predict prices so accurately? Can I download it?

Yes, that is called Bitcoin Signals indicator by Fapturbo2.0. You can download it for free here http://fapturbo2.com/december8.php

It works on Metatrader4. Green arrows = BUY, Red = Sell. Very easy and accurate predictions.

As usual we'll keep you informed about future updates and price moves!

BTC Team

The robot  is good..I have a friend that uses it but because btc/usd the fluctuations are less than say with other cryptos unless there is some big news you need to have a decent amount of btc to trade with or usd do you can get better margins.

To bad my robot bought a bunch of btc and stopped working just before the crash. Well, i knew the risk.
 It seems to be working now again and so far it has done alright with a few trades. Going to give it another week or two to convince me fully.

Yea I'm giving it a few more tries too. but today its lost me over $100....still seeing quite a few buy high and sell lower

seems to me the robot is stuck again. Should be trading much more when the market is jumping around like this.

i think these guys thinks that they are clever. their business or product is not real product. One can anytime misuse it as long as the levels "aggressive" "medium risk" or "conservative" explained. This is the trick you have one bot named "medium risk". And you have another hidden bot named "medium risk fucker" you play with one hand and steal the other fucker hand. get the idea?

I could see your trick within a week. after losing 300 dollars i was very sure. And i am not stopping here... the graphs of the profits you speaking are only magic to hide loses of you BTC when kept is 140 with you is 100?

i closely follow your topic and if i see more victims i get more closer to you...

im also getting the feeling it might be like this. If one of the guys behind btcrobot wants to sell a few btc at highest price he can easly manupulate a few people robots to buy them.   in the end i dont know, i mught just be jumping go conclusions.

Mine is stuck too

It is scam dont't buy robot.It will loose all your coins and you will be aware of that when price go down.Like they say should only change from btc to $ and vice versa but not when price high buy btc (from their robot) and when price go down sell (to their robot) ;)

 During the last few days I received a lot of questions, let me address it for you quickly

1. Why my robot turns off ?

That is normal and not a bug. When we do maintanance of the servers or apply the upgrades we automatically turn all robots Off for a short time to perform those updates without messing up with  the trading. Once the updates are finished, we turn robots automatically on for you. There is no need to babysit the robot or worry about it's status, the robot will be turned ON once the updates are applied

2. What is the new update you are talking about?

We applied the new update 1.3 automatically to all robots including silver. There is no action needed on your part.

The update was addressing few Btc-e API changes that prevented robot from seeing the balance properly and resulted in incorrect chart dips. This is now fixed and the update is applied. Rest assured we are always working hard behind the scenes to keep the robot up to date for you!

3. What if I have drawdown on the chart?

As you know Bitcoin price is very volatile. During the periods when the price of Bitcoin goes down from $1200 to 600 in a matter of hours, of course you might experience some drawdowns, which is normal part of the trading. Remember there is no crystal ball, but the robot is very effective in controlling and protecting the bankroll.

Even if you experience the temporary drawdown, let the robot trade and long term it will generate you good profits. Let it work.

4. What is your prediction for Bitcoin price movements?

The prediction is that bullish trend continues. The price is holding above the midpoint ($ 640) of the last rally and it is moving upward. There will be probably a correction before moving above the all time high at $1160, that correction could be a nice buying opportunity for who is looking for a good moment to buy. See the green arrow for possible signal

https://i.imgur.com/2a07yML.png

 

5. What is this cool indicator you are always using to predict prices so accurately? Can I download it?

Yes, that is called Bitcoin Signals indicator by Fapturbo2.0. You can download it for free here http://click.icptrack.com/icp/relay.php?r=71900537&msgid=1016951&act=9JDP&c=361945&destination=http%3A%2F%2Ffapturbo2.com%2Fdecember8.php

It works on Metatrader4. Green arrows = BUY, Red = Sell. Very easy and accurate predictions.

Guys:

I cannot get my btcrobot to work; I followed the instructions (copy and paste API and secret keys) and still unable to see my funds via btc-e. Seriously, hire a competence programmers for ONCE!

WTF!!! I have golden plan robot, but he lost most of my money and BTC!!! I had 1320 USD, now i have 0.14750955 BTC and 400USD!!!! He lost more then 50% of value! Don't buy that crap!!!!!!!! I will refund my money back ASAP!!!! I also think that tere's something "behind the wall".

You are rigt. I loose more than half of BTCs.

screen of your transactions please

It just sounds way too sketchy....

Thank you for your comment. While I don't appreciate the offense, the issue might be that you did not set the Info and Trade permissions on your keys. I can't assist with that on forum, contact our support to check your account.

Current  Bitcoin Price prediction update.

Like we expected the price almost reached 1000 usd level and then formed a correction Sell signal (red). This will go till 900 usd level after reaching a support level we can go back up into 1050 zone (shown in green). we'll keep you posted.

https://i.imgur.com/jVmHaDS.png

That is a great (very professional) looking chart  ;)! Too bad the robot will have done away most all of my bitcoin by then....Notice how i said bitcoin; I started with 3.35 BTC now have less than one! The robot failed to save much of my profits during the previous dip, as you claimed it should. Instead the robot failed to even run during the crash...everything was going down and the robot seemed to freeze up like it does during times of high volatility (I have been monitoring my robot daily for 4 months now, I can tell when it is and isn't working).

So hopefully I still have some BTC by the time of your predicted rise, but I am making the assumption that I will. Im sure the robot will wait till it has risen most of the way to buy in though! lol. My story matches with a lot of other customers in this thread as well I can see.

The risk was all mine to take though, and this time it (the robot) has simply just been a failure! Just remember, I was one of BTC Robots first customers (since aug 14, 2013) and if you look at my previous posts I had nothing but good to say about it!

so, i ve been investigating those trading bots... they all turned out to be scamz :|

best trade yourself.

Exactly! I couldn't write it better. I also didn't find it TRUE that robot is able to protect investment during price fall.

I'm wondering whether is possible to track down what journey our bitcoins went for after being sold for low price with BTCrobot. Is there anyone capable of doing this kind of dive and bring up some info?

Test your shit. Like in a lab or something. We the consumer and end user actually have to PAY to use your crap. Assuming its actually going to work. Please stop using me as a lab rat AND taking my money. If you want me to test your product for you....PAY ME or give it to me for free.

Why BTCRobot cannot take full responsibility for their product and compensate its' paid members (customers and investors in the same time) for any bugs/mistakes on your side? I really do not understand why you want to have unsatisfied customers at all...

image taken today showing how robot not selling low and not buying high
http://i43.tinypic.com/ztsqxt.png

I have been using this bot since late October. I can say that in some aspects it WORKS and some aspects it is the single WORST software out there. My robot has been 100% inactive for the past 4 days and I have no clue why. My top chart showing revenue is totally halted, however the bottom screen still shows accurate BTC pricing.

I started with 3 bitcoins in October where the robot slowly seemed to eat them up until I have about 2.7. At this point my robot totally halted for a few days...

It then started up and sold ALL of my bitcoins. I would be ok if it sold them at a good time. Of course the one time it does this it picks the worst time to.

So now I have basically 95% of my bitcoins gone and some thousands of USD.

This entire section above used the AGGRESSIVE trading setting

I then decided since all that happened was I lost money was to use the medium trade setting. After turning it on within 3 days it brought my amount back up to 1.2 bitcoins.

The trading has also NOT done any of that buy high sell low stuff. It has worked so far, but still my robot is frozen for the past 4 days.

It seems the agressive trading is reversed at some time.

http://postimg.org/image/opvx7mm9x/ (http://postimg.org/image/opvx7mm9x/)

Just my observations!

My bot's last transaction has been made nearly the same time as yours. I'm running aggressive settings

You are running a silver robot too or no?

Also, this leads me to believe that someone on their end completely trashed the programming and is ruining our experience.

PLEASE FIX

nope, I have a gold one

wohoo, sleeper is awaken

BTC/USD    sell    0.0100925 BTC    692 USD            6.98401 USD         17.12.13 03:10
BTC/USD    buy    0.0109588 BTC    697.553 USD    7.64434381 USD    17.12.13 03:05
BTC/USD    buy    0.0472513 BTC    709.81 USD    33.53944525 USD    17.12.13 02:56
BTC/USD    sell    0.0267828 BTC    871.721 USD    23.34712919 USD    13.12.13 18:15

Hey Eurobitcoin! Mind maybe filling in the problem here or informing us about what is going on. I paid for this product and it has worked until about 6 days ago where it has halted trades. I have it on medium trading and the prices have been fluctuating. Why no trading.?

Same question. I need a stats reset and need to know what the hell is going on. Its been about 6 days for me too...

During the BTC price downfall the robot showed it effectivity in controlling the bankroll and reducing the risks. With "buy and hold" your drawdown was 33% but with robot it did not excceed 20% during the same week

lucky for you, yours is working

I wrote them a very nice email to btc robots support team. They responded with a request for screenshots, I handed 2 screenshots one form the bot and one from BTC E. I am waiting for a response. I think that someone must of messed up during the update they applied. My hope is that they are fixing this and not just pushing it aside.


I'll keep you posted

We are looking into that. There are frequent API changes in 3 marketplaces that we usually have to address.

While controversial Chinese news still drive the markt to its continued bearish trend, as you can see below we might reached the support level around 445 where the long Sell Signal (marked in red) stopped and the correction started to form (last green signal):

https://i.imgur.com/5OgZqtS.png

Currently traded around 600

As usual we'll keep you posted on the market situation as it unfolds!

I have a silver robot.

I received an email back saying to reinstall the robot to get it to work. I did, and it works! My only concern is this happening again. I paid good money for this and received a partially working product that freezes up after a while. I do not want this to happen again.

Yes, This is a scam indeed. You can see that when you try to exit the website.

When you exit you see exit splash giving out a free ebook about bitcoin. how is it a scam? Ebook gives you the history of the book and several manual trading strategies. But thank you for concernes anyways!

We also fixed the recent issue with "no trades".

We are currently in drawdown due to huge Bitcoin price collapse after China banned the biggest marketplace, but we are looking forward optimistically into 2014 as more and more vendors will start accepting it and the price will get back where it was.

Look at your trust rating -4

Anybody can make money with complete luck holding trades of a commodity when the market is experiencing a boom. When you experience bad losses, you just do the above and blame adverse market conditions and try to sweep that under the carpet. If anyone could predict prices with even a small edge for all market conditions then they wouldn't be selling their secrets, they would be a very successful fund manager. This is utter tosh and I hope everybody avoids this site like the plague.

Fraud scam

I am VERY UNIMPRESSED.


Eurobitcoin,

      I started with 3 bitcoins 3 months ago. I now have 1.5 bitcoins and $45 USD. Your product has run me into the ground with losing half of my coins. And now having not enough money for anything else. Thanks btc robot! I am sure the most respectful of reviews will be coming your way

My avatar is my real picture.
Problem? 


xD

Nobody can predict the future. We are talking about the game of probabilities. The robot is analysing the prices in 3 major exchanges : Mtgox, Btc-e and Bitstamp and base the decision based on that. Sometimes it miss the target but the goal is to generate profit long term.

If you could even have a slight statistical edge, you'd be millionaires many times over, you certainly wouldn't be selling your "bot" and you wouldn't be on a forum discussing your analysis at all; otherwise your edge would be gone. This is peddling snake oil, preying on those that want to believe that you can make them money...at best.

btcrobot.com is a total scam.  When you get to the cart, try and type a new domain into your browser address bar.  A pop-up will try and stop you by suggesting that you buy their "instalment opton" [sic] plan.  Playing the 'video' over again shows the word bankrupt as "bankcrupt".  I wouldn't trust these guys with .0000000000000000000000000000000000000000000000001 BTC let alone all of my BTC 24x7x365 and you shouldn't either.  Your english teacher will be mad at you if you do and your BTC's will = 0 in the end and you will be out the "subscription" fees.  Imagine software to trade your stocks without your consent.  Imagine if it actually did work and everybody used it, then it COULDN'T possibly work.

Stay far, far away unless you like having the feeling of a hot chick saying yes to that first date, only to wake up in the morning, naked and strapped to the hotel bed, still a virgin (with blue balls to boot), kicked in the nuts with an empty wallet.  Fun times...

I also losted BTC and usd when using btcrobot. My dreams just got killed with these MFs.
I thought deep on this matter. Then come to conclusion the only explanation they dumb and steal BTCs from people by another robot who knows details. At least there is always risk of cheating with the robots. So it's not actally real business. Goverment agents should take deeper look, seriously i've seen enough people scammed here!

Yeah, go ask for the government to help you with your wild west libertarian money. Good idea. lol :)

If it would work that way, I wouldn't have been that vocal here in this thread but I would assume they did a good job at getting away with your money anyway.

Try complaining to the US SEC about your losses.  I would be VERY interested in whether or not they take any interest/action.

Unbefucki*ngbeliveable... Can somebody already for god sake close this thread!? Isnt it obvious that its just a cheating steali** bi**? Im not that dumb to get scammed this way but i got scammed in investment "offline" (not bitcoin related) and i surely dont like people like you, youll get brutally hit in the face in real life many times (and probably did already) in the future, belive me. At least the "cheaters" "old days" have the decency to steal and run away, never showing back. This showing again and again with the aim to build a picture of trush, of just some sort of temporary problems that will be fixed is just poor and weak, i wish you a happy customer of yours meeting you in real life... Have a nice day.

Edit:
On the other way, people who are so stupid to buy something from your even againts the existence the information in this thread maybe deserve it... So it might be OK in the end.

  It did not take long since bitcoin took a hit from China in the middle of December for it to fully recover and get back to $1000 mark!

As usual, those who had patience and confidence now rip all the benefits!

http://img196.imageshack.us/img196/7340/9lkj.png


Here is the update:
http://img203.imageshack.us/img203/4407/1fge.png

According to Coindesk Survey, 56% of Bitcoiners Believe the Bitcoin Price Will Reach $10,000 in 2014!   the bitcoin community largely thinks it will soar way higher than this over the next 12 months.

A whopping 56% of the 5,500 people polled so far said they believe the price will reach $10,000 this year.

We don't need a robot for that so   ;D

Just buy bitcoin(s) and we wait the end of the year, thanks for the prediction lol

I had similar experience but I finally decided to ask for refund. The hardest part is making that decision to get out after you sort of feel like you got scammed.. guess what.. you are right.... they are scamming you.

Current stats:

https://i.imgur.com/CuPUUE5.png

Profit: difference between the value of porfolio on the moment someone opens account with us and his current portfolio value in usd.
Avg. trading portfolio size: $2000

Not accounting for the rise in price in BTC while calculating profit, gotta love it!

Here is the updated chart comparison to Buy and Hold comparing btc robot. Profit is in USD

http://img856.imageshack.us/img856/6571/3xh3.png

I'm calling bullshit, let's see the real raw data on the trades.  The only thing my bot did when I ran it for a month was lose BTC for me.

I created an account at Bitcointalk.org so that I could comment about this Bot. I purchased the Platinum package of the BTCRobot November 18th, right when the price of BTC started spiking. I started with 3 BTC's. After a month of hemorrhaging, I finally had enough and asked for a refund. It left me with 1.32 BTC when it was all said and done. I've since created my own trading bot, and have recouped some of my losses.


To anyone reading this thread, absolutely DO NOT BUY THIS BOT!!! You will lose your ass if you put your faith in it.

Thats a pretty huge loss

I did! It's legit... But you must have money to make more money...

so far thru ups n downs... my 0.5 investment is about 1.2 now... 2.5 weeks... but pricey software..... hence i only brk even

It's a scam. I tested it and it's very obvious when you look at buy sell orders against BTC stock value. Also, the graphs they present are misleading. They do NOT show actual values! They show BTCRobot's values - values they use as a leverage for the man-in-the-middle attack (== taking your coins). EVEN when BTC prices go UP, the BOT goes down. Refunding others that have lost too much, no doubt :( Or stealing it directly, if they are really mean :)

Even worse are all the newsletters / updates you keep receiving. "Brand new graphs" which show data that I can never find on other websites. But yeah, I'm gonna be rich ;p

I posted more information here: http://scforum.info/index.php/topic,8636.msg22669.html#msg22669 (BTC Robot: Testing: a fair and independent review (NOT a press release!) *SCAM*)

It also has names of other trading tools - including C.A.T. - which does as promised ;p

NO peace for these fuckers!

devnullius

You can't be real: you must be hired. New account and you made money... Yeah right ;p

Calling BULLSHIT!

War!

devnullius

Newbies can't buy BTCrobots?  ???
If they are a scam, I really hope they can hire me....  ;D

Did u buy? & which version? I do not know if it makes a difference.... But the price does. *ouch*

We received a lot of great feedback from you about the Litecoin robot and would like to address most of the questions:

Q: I dont want to download and install anything and keep my PC on. Will LTC Robot work for me?

LTCRobot comes fully web-based on secure cloud hosted vps! Nothing to download and configure! Hassle free setup!

Q: Should i trade on the same account or different?

It's 2 completely different algorithms and they must trade sepearately to avoid any conflicts! Simply open separate btc-e account and fund it with LTC or USD to start trading

Q: Do you plan to update BTC robot too?

We are also preparing the new trading algrorithm update for BTC robot, it's coming soon!

Q. Why LTC Robot is offered so cheap? What's the catch?

The robot will be sold at 399 during official launch. It is offered only for $99 for Silver/Gold or completely free (to platinum members) ONLY during this special early bird access. Hurry up to reserve your spot at a low price.

 The first Litecoin Trading robot is finally here!

Litecoin is the Silver of Cryptocurrencies! Be first to jump on the Litecoin gold rush before the rest of the world.
Litecoin is more affordable, easier to buy, easier to mine and easier to trade!

A perfect choice to diversify your Bitcoin trading portfolio by adding another powerful instrument.
Introducing.. First LiteCoin Trading Robot!

http://ltcbot.com/images/earlybird/graph.jpg

http://ltcbot.com/earlybird.php

Great news for BTC Robot traders! We just released a new free update 1.3. It addressed the frequency of trades and improved algorithm for 2014 BTC trading.

If you are GOLD / Platinum then it was updated for you, no action is needed!

If you are Silver member, go to your members area to reinstall it!

P.S. Get early bird access to LTC robot too http://ltcbot.com/earlybird.php

I have yet to see any non-sock-puppet (member with some more real posts) who would vouch for this "service". For me this is a scam and http://www.youtube.com/watch?v=zY4XPdcoZRw smells scammy from a mile away.

I'm thinking about using this only when the market is going down. It appears to lose BTC if market is going up in the short term. Also, maybe it's important to adjust the trading strategy based on the the market condition. Right now the market is very volatile, and I am wondering if the short-term strategy works the best in that case. If the market is flat and boring, there there is no point trading high frequency with a bot. I would be better off doing it manually, turtle-trader style.

Does anyone have experience in the variable efficacy of this product?

i lost alot of money with these scammers be carefull!

coming from the guy with -4 trust

Granted it's your money (btc) I think most of us would advise you to stay away from this product. I tried for days trying to figure out what kind of trading strategy they were utilizing in it's decision making. It seems completely random, RSI, MAC, MACD, Stochastic oscillator, etc. I couldn't figure out what they were using. Like someone mentioned, it very well could be a man in the middle attack to steal bitcoins from traders. I honestly don't know, and without seeing the bots source code it's too difficult to tell.

They've admitted that they are using Ruby to code this bot, which is really a piss poor language to be using for algorithmic trading. Python, or hell even C++ and C# would be a better alternative than Ruby.

Best advice I can give, and this is from experience with a pretty good size loss is stay the hell away from this bot.

It's simply not true. Random? come on, man...


Regarding the lack of trades last weeks,

If you follow Bitcoin niche you might now about the dramatic news from Mtgox and other exchangers driving the price down. On such bearish trend it does not make sense buying bitcoins, the robot simply sits on USD and waits for favorable signals to buy bitcoins. It's goal is to protect the capital (USD value of portfolio) not to trade for the sake of trading.


P.s.
We also have a new Litecoin robot here http://ltcbot.com/earlybird.php

http://ltcbot.com/images/earlybird/graph.jpg

Not true? Who are you kidding here? I lost 1.68 BTC because of your bot. Yet I got the same response when I voiced my concerns Blah blah blah battle tested, blah blah blah.

I'll ask you flat out, what trading strategy are you using for your bot to execute trading decisions? Can we view the source code?

The bot traded POORLY during the month it was running UP in price. I feel sorry for the poor bastards using your bot in a down turn. It would perform micro buys and sells in RANDOM intervals and most of the time trading in opposite directions of the trends. WTF is that about?

That is EXACTLY why I got a refund. If I waited the full 90 days for your bot, I would of been flat broke.


Does your Litecoin bot also derive it's trading logic from your bitcoin bot? If so I would advise the users here stay away from that one as well.

I've recouped my losses coding my OWN bot. While I feel bad for your customers, I do keep an eye out to trade against your bot.

Just a friendly reminder not to use this scam software

So I have bought this bot for me. During last month is was totally unprofitable, see chart below. I was using dedicated btc-e account for it, so nothing else could interfere.
http://s24.postimg.org/l29qiklcj/btcrobber.png (http://s24.postimg.org/l29qiklcj/btcrobber.png)

Public account update of new version (bitstamp based)

http://img541.imageshack.us/img541/6035/2zb7.png

Low bitcoin price is a good opportunity to buy bitcoins cheap.

We replaced Mtgox by Bitstamp long ago in BTC Robot algorithms so this will not affect the robot in any way. We will of course remove mtgox price feed from the chart as well

Guess it's time more users take the effort and document their findings here (https://bitcointalk.org/index.php?action=trust;u=137467)

Really great news guys

http://img138.imageshack.us/img138/3157/uu7g.png

Breaking NEWS: BTC China Launches Litecoin Trading!!

I'm very excited to tell you about this before the rest of the world because in the next days if not hours the price of LTC will skyrocket!

If you are still not trading Litecoin, run to http://ltcbot.com/earlybird.php and get your Litecoin robot installed!

Tried both versions (on small accounts)  - the Silver BTC which didn't manage to make a trade
& the hosted LTC version which promptly lost a small profit I had accumulated by selling low - buying high

I think a partially trained chimpanzee could read the market better!

Refund requested

I will be asking for a refund if I don't hear back from support very very soon

Definitely a solid test, I would recommend you cut your losses or you're going to be out of coin before the 50th day. BTCRobot is garbage. The btcrobot creators account is the only one that seems to grow which fuels my speculation that it performs a man in the middle attack to "buy" your bitcoins on the cheap. You buy high, and sell low, they buy low and sell high against their "customers".

Obviously I have no proof but the results you display are consistent across this thread as well as many others, and when they show their personal account, it always seems to grow, while anyone who has used their bot btc stash seems to shrink. How can that be when just about everyone else here in this thread that has used it has suffered losses. Only logical conclusion I can come up with is what I just detailed above.

Cut your losses man, I hate to see anyone getting ripped off by scammers.

Greetings, dear BTC Robot members!

We have been paying attention to your emails about our BTC Robot's recent performance and we would like you to know that we are keeping a close eye on the Bitcoin markets. Bitcoin prices are facing a strong regression these days; as you can see from the Bitcoin charts here https://bitcoinwisdom.com/ , the long term trend during the last few months has been bearish and the price has been decreasing with very low volatility, which does not give enough volatility for the robot to take advantage of the decreasing price.

However, despite the recent bearishness, we are always optimistic about Bitcoin's potential. The best performance is always shown on growing bullish markets. You need to remind yourself to consider trading as a long term investment. It does not matter if you trade BTC or just "buy and hold" it, during the bearish down market it's difficult to profit effectively and the best strategy is just to wait for the right market.

We expect the winds to shift and Bitcoin's trends to become more positive during the second half of this year, similar to what happened last year, which in turn strengthened customer confidence in BTC  (after pending government regulations), which also ensures the future rise of its price and in turn, more profits for you.

Meanwhile, for those of you like to trade on Metatrader, you can try an alernate, profitable BTC trading solution from our affiliated partners, FapTurbo2.com. They offer automated trading robots for MT4 such as BTC FAPT2 Premium at http://fapturbo2.com and also, their free Bitcoin indicator http://fapturbo2.com/bonus_bitcoin_signal_indicator.php . Both of these operate on MT4 and will give you the opportunity to take advantage of bearish markets as well, not only during bullish markets like on BTC-e. 

This is exactly the same bullshit answer support sends to every customer complaining about the current malfunctioning of their robot. And if you complain again, well, you'll get this asnwer again!!! Nothing personal, but hey, they just don't know the answer themselves why the robots are making big losses !!! Even so every hint for improvement of the robot's console screen is not dealt with. At the moment with downward markets of bitcoin, it sells cheap and buys expensive. Who can possibly believe in its strategy anymore???


My conclusion is this : the robot works fine for the first months, then start to loose money and guess where that money is going...???

Same for me. I had the bot running for 2 weeks and the trades seemed almost random and counter trend. Selling at lower prices, buying at higher prices. In just a few days I lost approx. 100 USD. The bot made me a few dollars (literally) when when BTC was going up and lost serious money in just a few days when BTC dropped. I also asked for a refund and got a blahblah story twice. Then I asked for a refund at clickbetter which processed the payment and received confirmation I will get my money returned.

Sorry to hear, but lesson learned I suppose. I don't trade with bots where I can't see the source code or the trading logic anymore.

The robot is analyzing the prices in all Bitcoin exchange marketplaces in real time, exploiting the gaps and using hedging techniques to take advantage of almost bulletproof profit opportunities.
this is sound interesting,and make bitcoiner look like believe on this bitcoinrobot,but if you think bitcoinrobot scam,why are you put your refferal link?
this is  bitcoinrobot website http://btcrobot.com/

i found this when i'm googling.

Yes the BTC Robot is a scam. I bought 10 bitcoins when the price was $140 a coin. I used the robot and it brought my bitcoin number down to 2.774 as it made more losing trades than winning trades. I turned it off when I realized what was happening. Despite of this I didn't lose money as the bitcoin price kept rising. If I had simply held my coins and not traded with this stupid robot I would now have almost $10,000 in my account instead of the $2200 that I now have.

When you read the testimonials you can see that if they would have done the math they would have seen what I did and realized how they were tricked, but because they still have more in their account than they initially invested they think the robot is working in their favor.
http://bitcoin.stackexchange.com/questions/14439/is-btc-robot-working-or-is-it-a-scam

The only Buy-Sell Bot i'd use for bitcoins is the one i have programmed myself.

I'd never trust 3rd party software (without seeing Sourcecode) in such taks.

In addition to that.. this site looks suspicious and scammy

i not use that.if you use btcrobot,you put your profit to them,and you cant decide as you want.
but i hear some people talk about this,and they said btcrobot is scam,but i dont know the truth.

As probably much of other posted have said (I had not read all post) if it sounds too good to be true, it probably is.

You can get away with risking some money in this shady investments for some time, but if you keep on it, you end losing always.

If someone actually had a full proof btc bitcoin robot trust me NO ONE would know about it cause they wouldnt be stupid enough
to sell it.

Its like those morons that sell picks on sports games. If they actually were successful winners they would just bet big money and never
let on to their secret of winning.