Bitcoin Forum

Hi, I am thinking about buying some crypto trading bot to multiply my crypto portfolio. But it costs around 40USD monthly. Worth it? Will these bots make bigger profit than 40USD? And which one is better 3commas or cryptohopper?
Thanks!

Worth it if you have a lot of capital. I have this friend who uses a trading bot application which he is gaining like 1-2% a day so if you will do the calculation you will earn like 25-30% a month which is good. But for me I'll just do it personally as it will train and gain more knowledge or strategies in trading.

Before you buy one of those bots you need to learn how to trade by yourself and get profits, once you know how to do that then buying a bot could make sense, I say this because there are many newbies out there which think that if they just buy a piece of software they will make millions with it, but the truth is the bot will only follow the rules that you give to it and if you do not know how to trade you are going to give to it losing rules.

I was running a bot for about half a year in 2017. Despite it was a bull market, the bot didnt really make profit compared to the high costs of running it. All in all I ended up with +30$ or so ...

He uses 3commas or CryptoHopper? I thought that you can set up trading bot by strategy/signal that you find in the bot, or you need to have some knowledge  about trading?

And you know that the exchanges are struggling with such robots, and they are doing the right thing creating an artificial demand for coins. I am personally against it.

Thanks for sharing your experiences with us, if a bot cannot make profits during a bull market and only gives you 30 dollars after all its costs are taken into account then what it is the point of having and using that bot? Any professional trader could have gotten a fortune if he was trading during the bull market, besides I am not sure I could be willing to give control of my money to a bot, I say this because losing money is already very hard but losing money because of a bug in a bot will surely piss me off.

I haven't used any trading bot but I have read some reviews before that it's worth it for them because they have always a busy day and they're all passing the job and let the bot do all of those things.

But I have read some negative comments too, so before deciding to buy one think of it like ten to twenty times. Because it's a monthly basis for the payment, there are bots that has full time payment right? IMO, I'll practice manually trading and it's enjoying on my part but this is just me and we have different situation.

Same here... I've tried Cryptohopper with their Adventure Hopper plan for few months and different strategies and I'm barely even, maybe on a slight profit.
I have similar experience and with other bots. After months or trials and errors, I decide to stop using bot and star using my brain. Result are better.

Well, I did it merely just for fun. Bought a raspberry pi3, set it up and tried a lot of different trading bots with a lot of different strategies. I learned a lot and it wqs fun as long as it lasted, but you wont get rich with it. All in all I wouldnt invest in any bot, I think you even wont break even ...

As far as my personal experience is concered their is no bot that can consistently generate profit, although i have not used this auto trading feature but it should be allowed to participate in both the bots and indicators.

Are all of these bots actually subject to a charge or are there also free bots available?

Since you've tried multiple bots, do you have any recommendations?

The first bot I used was a self written balancing bot (it tries to balance out fiat and BTC based on a rate, e.g. 60% / 40%). But it wasnt capable of any trading strategies so I tried some free trading bots out there. The by far best bot is "Gecko Trading Bot" in my opinion. It is very easy to set up, has a self-explanatory UI and a lot of trading strategies built in. I would give it a try if you are interested in it. Just load your favorite exchange with some BTC (I was trading 0.1 BTC back then) and let Gecko trade. Some of the trading strategies require a lot of historical data, so it may last 1-3 days until Gecko trades the first time!

I would rather trust some paid bot that is constantly updated and that makes real profit by following real proven strategies.
But, also if someone has free bot, then share it with us!

Most of the bots that I see are the paid ones and many are using them like gunbot. There are features that you can enjoy if you're going to buy one with license unlike the free ones.

If you guys are going to use google, you can see some websites that offers free bots. But as you mentioned, you better don't trust those kinds of bots if you really are into trading using a bot.

Crypto bot is useless if the market is in bear market because the only use of crypto trading bot is to automate your trading activity and it can't gives you a profit or rich fast with any bots.
If you know how the market works and you have many experience on trading and if you are handle more than 10 coins well, crypto trading bot is good just to automate your activity but treating it as profit generator it gives you instant big profit and become rich instantly.

IMHO there is no sense to sell bot if it is profitable) Why just don't use it and get more profit)

In fact, today there is a lot of information about the positive trend in the use of trade bots, which means that therefore their price is really solid. Thus, I would like to say that if there are prospects for the use of the trading Bot, then it is really better to use it in a round-up and make a profit not only now but in the future, rather than receive a one-time income from the sale.

in my opinion, no bot can do the work that an experienced trader does. On the basis of But, we must work on the cryptocurrency market ourselves in order to gain experience, Let it not even be active. In any case, we must learn even from our mistakes.

My friend bought one bot to test. Not this just another one. We tested it a little bit. Even with the bot you must understand what are doing. You must make proper settings before it becomes profitable.

That is the most important thing to set it properly. But, even you buy the bot you will not get exact informations how to do it. Do you have your own profitable strategy, would you like to share it with us?

Crypto trading bots are highly effective but remember they have their own risk too and can never be compared to Manual trading even though I am fully aware that we are all very busy and can’t stay on a system 24/7 which is the work of a bot, it might not be a genuine bot or a scam bot because the market is also infiltrated with a whole lot of scam bots so be careful before you throw away your 40usd monthly.

Nevertheless, if you insist on using one, I think 3 commas is better though I don’t use bot but I once considered them and some people advised that I go for 3 commas due to the fact that they are highly effective.

There are many projects claiming that they got great bots for trading.. honestly most of them are a waste of money and time.. I will wait for good solutions to be propperly deployed. My favourite is FTEC... This team has already a deep knowledge and experience in the field, with previous working products (Coinbot, Cryptoangels.. or a name something like this..). Now they have the definitive trading bot on blockchain.. seems promising

https://ftec.ai/

Look for its ratings everywhere... OUTSTANDING!

https://icomarks.com/files/companies/27/d7b5e661032f306b234562bd13d06eca.jpg

you should be careful about using bots, don't overuse them. because bot doesn't always support a market, even some markets start fighting bots. I think trading without a bot will be better, because it can learn step by step to analyze the market.

For that price, I think it is fair enough, you can make purchase of the bot and let it trade for you to see how much you can make even why you sleep, though make sure the source where you are purchasing the bot is a legit one so you don't fall into the hands of scammers who promise you that the bot can give you a lot of profit but have the intention of just running with your money. If possible, demand for a demo before purchase.

But, always remember now a days paid reviews are becoming common everywhere. Hence, do not believe into random people and their opinions. Make sure you test them well before risking with your "actual" capital. I suggest to go for demo and then paper trading or testing with small capital before getting into live trading.

I have not personally used a bot to trade crypto, though I use for forextrading but my friend that is into forex trading too has been encouraging me to take advantage of a bot services since I am a busy man but I think I will rather prefer to use my manual trading because one of the bot I used then was from the beginning highly effective but suddenly went off the server and since then, I have not heard anything from them which made me lose some money too.

Dependence on Bot is really not good. You should learn more about trade, it will help you a lot.

Trading bots are for expert traders because basically you give it instructions to perform certain task and if you dont have the technical know-how of trading then you are in for a hot one

On bot I liked that you can set up only BTC to altcoins trades, so if you make a bad trade still you have altcoin and not real money, so there is a high chance that altcoin will pump again and you will be in profit.

I have not yet met the trading bots that were able to bring real profits to their owners. The risk of using trading bots is much higher than the possible profit from their use. This is more fun than a real opportunity to earn money, so you can try trading with bots just to gain experience.

What you mean by a real opportunity to earn money?
You mean doing bounty campaigns and airdrops? And are you in profit? I dare say that you are not in profit because all of us are in same situation.

I can recommend you to check out Fumgo (https://fumgo.com (https://fumgo.com)). It's the best cryptotrading bot I ever used. It offers trial and standard versions for great prices and really good conditions for trading.

Trading directly or using trading bots, we still have to set a strategy to get a profit percentage and we needs to be learned before using trading bots. I haven't tried bots from 3commas or cryptohopper, but I think it's the same. most importantly, when using a trading bot. You must be active in the trading forum and always try to make your bot settings right for profit.

Cap Club works well. This is a platform for manual and automated trading on Binance and Bittrex. The tools collected on the platform make it easier and more efficient to trade: simultaneously running StopLoss and TakeProfit,  setting personal signals,  mechanisms for buying and selling; ready basic strategies.

A distinctive feature of the service is a visual editor with flexible parameter settings that allows you to create strategies of any complexity and logic.

Now, it is not the best time for trading. Because this bots are trading pairs altcoins to BTC. Altcoins are loosing in BTC value, so the bot will not be in profit.

Not bad, you can use short bot. He can work as base as quote profit. And we can make profit in the dumping market also. Try to use. Sometime I got +2-5% from alt deposit someday. 3commas bots aree the great with settings

   Two things bother me, first is capital needed for trading bot to run, and set up of trading bot! As I read, and what
concerns me is these two things, is it really hard to set up a trading bot to make profit, and do you really need a lot
of capital for trading bot setting? Is this two correlated? One depends from other?
   I still didn't try trading bot, I think about it when I see some topic about it, but yet I didn't dare try. Probably info
I find about it is confusing for me and I am not sure to try or not.

Hello! You can actually try Cryptohopper for 7 days. Here's a tip for your to follow.

https://www.youtube.com/watch?v=ZX6e12_DqRA&t=79s

You can try Cryptohopper for a week. Check this video so you can get an idea of how it works. https://www.youtube.com/watch?v=ZX6e12_DqRA&t=79s

I have used 3commas trading bot, my profit is quite good. At that time I was 30% profit in a month, with a capital of $ 3000.
Two months I used there was no problem, when entering the third month I lost up to $ 1500. Since then I was a little traumatized
using trading bots, maybe I'm wrong not to make updates or not make settings properly. What is certain is that now I am more
comfortable trading manually. Go ahead if you want to try using trading bots, but don't immediately use large capital. So if you
experience a loss is not so stressful and can accept the loss.

The thing is whether you can afford it then there will be other configurations which you should be able to handle Those bots need some crypto trade knowledge to really make profit

Someone recommended me hummingbot, has any of you ever used it?
It is written in python, and have some code in cython (WTF?)

- i try to install manually, no deal
- i try to install by docker, very hard

The person who recommended it told me it's the best

Basically it really depends on how much you put in and how you configure your robot. With Cryptohopper, you can try their platform for 7 days.

It does not depend on how much you put in,,, the bankroll size just changes the size of your lots but it does not change the percentage! Of course,,, there is a minimum you need or you will not even be able to execute the trades and $40 a month means you need 1% target a month so $4000 if that is your style. 10% of $400? Not realistic:)