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Author Topic: Does auto trading bot make good profit ?  (Read 18732 times)
Shogunisback
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June 12, 2016, 01:14:19 AM
 #1

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
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June 12, 2016, 06:05:26 AM
 #2

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

I don`t think that it`s a good idea to use bots to automate trading.Jusy learn more,practice and trade

manually.Bots are for lazy people who want easy money and, in the end, they end up losing everything.

Good luck with trading OP Grin Grin Grin

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June 12, 2016, 07:35:08 AM
 #3

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

yes and no.

but if you are looking for a magical bot that you just click a button and it makes you rich then i have to say there in none. especially if you don't know about trading and have to experience in the matter.

but bots can help you a lot in trading and watching the market and earning profit ONLY if they are coded well and you know how to use them based on your knowledge of the market.

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June 12, 2016, 07:45:23 AM
 #4

No do not try this, as no one knows that what will be the strategy of bitcoin at which time, so how a bot will do a trade for you in this situation, try to give some time to your business/trade in that you will be able to earn a good amount of bitcoins, as trading is the more attractive and beneficial business of the world.

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June 13, 2016, 11:56:46 AM
 #5

Do not rely on auto trading bot, they are not that much genius which you are, you can trade more better than bots and can earn better than them.
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June 13, 2016, 12:50:23 PM
 #6

Do not rely on auto trading bot, they are not that much genius which you are, you can trade more better than bots and can earn better than them.
This answer is just too simplified, bots can do better trades than humans in some cases, as they are not driven by emotions like us.
All depends on the way the bot is programmed and the way you set up the parameters.

You should definitely know how to configure your bot according to the current market before you actually use it with a lot of funds.

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June 13, 2016, 01:55:13 PM
 #7

If you use a bot, it needs to be very flexible because the situation changes frequently.
And as has been said if the bots code is not good then you will probably loose money.

I agree, even if you plan to use a bot you should do manual trades until you understand what the bot should be doing.
That way you can protect yourself by knowing how the bot is doing.

Whatever bot you get...be prepared to dive in, understand how it works and be comfortable enough to make changes to it.
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June 13, 2016, 02:55:49 PM
 #8

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

yes and no.

but if you are looking for a magical bot that you just click a button and it makes you rich then i have to say there in none. especially if you don't know about trading and have to experience in the matter.

but bots can help you a lot in trading and watching the market and earning profit ONLY if they are coded well and you know how to use them based on your knowledge of the market.
i dont think it is very useful to use auto traing bots because as you can see the price is not very stable at the moment and when the price rise allot the bots does not see it on time so be careful always have a look self.
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June 13, 2016, 07:26:37 PM
 #9

I think most of the trading bots are only profitable if you can try good trading strategy which is market manipulation and specially new altcoin owner run bots to make 24 hour volume so high and manipulate the market to get huge profit.

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June 14, 2016, 01:01:18 AM
 #10

No do not try this, as no one knows that what will be the strategy of bitcoin at which time, so how a bot will do a trade for you in this situation, try to give some time to your business/trade in that you will be able to earn a good amount of bitcoins, as trading is the more attractive and beneficial business of the world.

Indeed you should not try this because the fact is that trading will never be good with a bot, a bot can really fuck it up in my eyes.
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June 14, 2016, 01:26:57 AM
 #11

No do not try this, as no one knows that what will be the strategy of bitcoin at which time, so how a bot will do a trade for you in this situation, try to give some time to your business/trade in that you will be able to earn a good amount of bitcoins, as trading is the more attractive and beneficial business of the world.

Indeed you should not try this because the fact is that trading will never be good with a bot, a bot can really fuck it up in my eyes.

I like bots because they can react faster to market conditions and take advantage of short term situations.
To each his own I suppose.

However I fully agree...A bad bot, with bad instructions, with volatile markets can suck you dry in no time.
Be careful and start slow
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June 14, 2016, 03:16:27 AM
 #12

No do not try this, as no one knows that what will be the strategy of bitcoin at which time, so how a bot will do a trade for you in this situation, try to give some time to your business/trade in that you will be able to earn a good amount of bitcoins, as trading is the more attractive and beneficial business of the world.

Indeed you should not try this because the fact is that trading will never be good with a bot, a bot can really fuck it up in my eyes.

I like bots because they can react faster to market conditions and take advantage of short term situations.
To each his own I suppose.

However I fully agree...A bad bot, with bad instructions, with volatile markets can suck you dry in no time.
Be careful and start slow

You are right about the second line, bots are maybe acting fast but you can not rely n them because they can not think like yourself.
I once tried it out and it did a wrong investment that I did not like at all...
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June 14, 2016, 03:27:31 AM
 #13


You are right about the second line, bots are maybe acting fast but you can not rely n them because they can not think like yourself.
I once tried it out and it did a wrong investment that I did not like at all...

Yes, you should not run a bot unless you know, and I mean really know, what it is going to do.
I like to manual trade a strategy for a while before automating it, then I really know.

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June 14, 2016, 03:53:43 AM
 #14

No bot is going to our perform an expert traders. Bots and these sort of tools are made to make trading easier and less tedious, not a magic button to press and get money.


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June 14, 2016, 09:14:44 AM
 #15

I dont think that is a really good idead that you are using a bot to make good profit because bots are to slow for the right currency i dont think they can make a good profit.
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June 14, 2016, 03:17:10 PM
 #16

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
Using bot you can get profit of your some trade but at the end I do not think you can be benefited using bot.
Its just a program, not a helper for you with trading. Market will not happening by your bot strategy. Just practice and learn more experience. That is the only way to get benefits from trading.
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June 14, 2016, 07:18:55 PM
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I used to bots for Forex trading and I've to say that it's indeed reliable but when there's no financial crisis going on.. What's quite impossible to happen.
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June 14, 2016, 07:24:43 PM
 #18

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

That depends on what you're trying to achieve.If you ask me,get a bot made for yourself depending on the strategy you used.Bot should not plan things out for you but just automate the trades in a style you have programmed for it.I mean use your brains and not bots.Bots are very inefficient in trades if you don't know what they're doing.Terrible idea to use randomly programmed bots.If you have too much time on your hands ,please don't reply on bots.

I dont think that is a really good idead that you are using a bot to make good profit because bots are to slow for the right currency i dont think they can make a good profit.
Yes but they're aren't really as slow as the manual work.If you have a planned strategy,you can simply make the bot work for you.Now it depends how lucrative your strategy is.

No bot is going to our perform an expert traders. Bots and these sort of tools are made to make trading easier and less tedious, not a magic button to press and get money.
You're correct.As mentioned before they can only be used to automate tedious tasks and not to make you rich.

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June 14, 2016, 09:18:52 PM
 #19

Anything automatic takes work, and if you know the code thats being used is clean within that program is legit.

Then by all means more kudos to you. But I rarely seen anyone acheive automatic trading unless if the exchange is already built in with this option.
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June 14, 2016, 11:35:11 PM
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I dont think that is a really good idead that you are using a bot to make good profit because bots are to slow for the right currency i dont think they can make a good profit.
Yes but they're aren't really as slow as the manual work.If you have a planned strategy,you can simply make the bot work for you.Now it depends how lucrative your strategy is.

And that is the difference between the plan of a person who doesn't know the basics of trading and a person who's using a bot  just to ease off some of the work. I hate it when newbies ask for a free program that gives them instant access to some kind of super-bot that can make thousands for them without doing anything. Bots are too overrated, IMO.
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June 14, 2016, 11:38:54 PM
 #21

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

I have seen many trading bots that are being sold here in forum like C.A.T but telling the truth i do not trust these bots, what if the developer has made a hidden feature and dumps all clients's assets (bitcoins,altcoins), nobody can guarantee that this can't happen. Also it is the opposite way pumping a price and then buying high etc. Maybe there is a profit using them but I believe that the amount isnt high.
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June 14, 2016, 11:41:11 PM
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Well, if you're "smart" enough to entrust you capital on a bot which only monitors graphs, and ignores news sources such as Twitter, bitcoinTalk, coinbase... all the financial news agencies. Then you probably deseve whatever "profit" you make

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June 15, 2016, 12:43:13 AM
 #23

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
The only thing that i suggest to you better to use manually because there's no sureness. it can only help you to manage and record some of your profit. no one become rich in bot depends in your strategy how you manage your trading using bot..
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June 15, 2016, 03:01:50 AM
 #24

Do not use such bots, I repeat do not use them, they will only let you lose money and mostly you also have to invest a lot of money to get them.
They mostly make such bad choices compared with what you would do!
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June 15, 2016, 03:59:45 AM
 #25

Most of the comments are about buying or using someone else's bot.
And I agree that you have to be very careful with that approach.

Discipline is the key to being successful in any investment strategy.
Develop a strategy, execute the strategy, evaluate the results, adjust the strategy, and begin again.

When developing strategies I end up creating a spreadsheet, Excel or Google Doc, and test in that.
If things go well then I build a bot to do the analysis part of the strategy and trade on what it says, checking it as I go.
If that goes well I modify the bot to do the trading itself.

So I like bots alot, but only the one's I create.

I have used free bots to get ideas for strategies but I have never run one with actual coin.
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June 15, 2016, 08:08:49 AM
 #26

i dont think bot can make good bets because it are still bots and they are programmed by persons and he do always the same if he is not up to date you will lose allot.
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June 15, 2016, 01:11:33 PM
 #27

i dont think bot can make good bets because it are still bots and they are programmed by persons and he do always the same if he is not up to date you will lose allot.

yeah, you are true the bots do only that for which they are programmed, and in this time we are seeing different price in different times so in that case we will have to stay alert ourselves and do not have to rely on bots, especially in the case when we are doing trade with big amount.
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June 15, 2016, 02:26:24 PM
 #28

I dont think auto bots will help you to trade good because you need to be sure that the bot is always updated or you will get allot of lose for sure so be careful with using bots.
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June 15, 2016, 03:39:26 PM
 #29

Hi,
if you have a strategy and you want to create from simple to complex algorithm that works for you while you're sleeping, check my trader : https://bitcointalk.org/index.php?topic=507103.0



Actually (due to market price rise) I'm giving 25% DISCOUNT
One of the most trusted Trader since 2013, check my 200 Positive Feedbacks here : https://bitcointalk.org/index.php?action=trust;u=130152

Otherwise, if you're looking for a magic money machine don't check my Trader  Cheesy Cheesy Cheesy Cheesy
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June 15, 2016, 04:35:31 PM
 #30

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

i can't tell you which bot you should use because i haven't ever use one so it is logical that i can't help you here, but i am sure that bot aren't good for trading for sure

gambling bots usually makes mistakes and loses money, i am sure that trading bots will do even larger as here you need more work and to think more while bots can't do that
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June 16, 2016, 02:25:06 AM
 #31

The most are not making profit with it and it can even deliver you bad numbers at the end of the day.
I consider such bots very bad and the most are not even good programmed and that for the price you are mostly paying for...
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June 16, 2016, 06:03:16 AM
 #32

Yes,Coz sometimes i do not have enough time just to look alt coin value was,So I Always Use auto trading bot.
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June 16, 2016, 06:12:25 AM
 #33

Hi,
if you have a strategy and you want to create from simple to complex algorithm that works for you while you're sleeping, check my trader : https://bitcointalk.org/index.php?topic=507103.0



Actually (due to market price rise) I'm giving 25% DISCOUNT
One of the most trusted Trader since 2013, check my 200 Positive Feedbacks here : https://bitcointalk.org/index.php?action=trust;u=130152

Otherwise, if you're looking for a magic money machine don't check my Trader  Cheesy Cheesy Cheesy Cheesy


From all the bots available to me, the one I use the most is CAT actually. The tools provided make for a much easier time trading.
Just my 0.2BTC


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June 16, 2016, 02:37:27 PM
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For me Yes, especially those who don't have a plenty of time to watch and waut trading from time to time .just set at that amount so it is waitin to sold or bought .but it is much better if manually.

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June 16, 2016, 03:38:34 PM
 #35

I do not believe the computer system. I fear they have set up for a particular condition. if given the choice I would do it manually. I could see prices and direct action. experience and thought we would highly honed determine when to buy and when to sell.
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June 16, 2016, 05:43:22 PM
 #36

For me Yes, especially those who don't have a plenty of time to watch and waut trading from time to time .just set at that amount so it is waitin to sold or bought .but it is much better if manually.

You are right about it, it can be good if you are really have no time but I do not recommend it if you are just doing it because of easiness, doing it yourself its just way better.
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June 16, 2016, 05:57:38 PM
 #37

Bot only works to help you to be lazy. it sometimes the bot can help and sometimes is worst bot to use..
And its depends if what altcoin you will choose.. bot can only help to update the price of altcoin what you are promoting and make a profit when the price is high.. Better to choose manual trading than a bot..

Bitcoin will become stable soon and altcoin will keep increasing this coming months.
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June 16, 2016, 10:47:52 PM
 #38

I did a test with an automated trading bot a while back and even with highly customizable options, I was never able to "dial it in" where it would trade profitably, consistently.  It'd make a little here and there then turn around and make 10 losing trades in a row for no apparent reason.  The cons definitely outweighed the pro of being lazy and overall my test ended in the red.

It's possible for a good trading bot to be profitable over time, but it isn't easy and most likely requires some degree of babysitting in order to ensure the code used continues to be profitable with more trades than not.

In my case it was obvious that some settings worked some of the time and some worked others... sometimes nothing worked.  The trick would be figuring out what works and when and then adjusting the trade options on the fly.

MHO - Don't use a bot, you'll do better learning the what and when and trading yourself.
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June 16, 2016, 11:04:32 PM
 #39

I did a test with an automated trading bot a while back and even with highly customizable options, I was never able to "dial it in" where it would trade profitably, consistently.  It'd make a little here and there then turn around and make 10 losing trades in a row for no apparent reason.  The cons definitely outweighed the pro of being lazy and overall my test ended in the red.

It's possible for a good trading bot to be profitable over time, but it isn't easy and most likely requires some degree of babysitting in order to ensure the code used continues to be profitable with more trades than not.

In my case it was obvious that some settings worked some of the time and some worked others... sometimes nothing worked.  The trick would be figuring out what works and when and then adjusting the trade options on the fly.

MHO - Don't use a bot, you'll do better learning the what and when and trading yourself.

I agree.  Trade without a bot for a long time to understand all of the moving parts.
Then you can better understand if a bot is good and what it is doing well or poorly.

And if you get adventurous you can develop your own and then you will have 100% control over what it does
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June 16, 2016, 11:17:16 PM
 #40

I did a test with an automated trading bot a while back and even with highly customizable options, I was never able to "dial it in" where it would trade profitably, consistently.  It'd make a little here and there then turn around and make 10 losing trades in a row for no apparent reason.  The cons definitely outweighed the pro of being lazy and overall my test ended in the red.

It's possible for a good trading bot to be profitable over time, but it isn't easy and most likely requires some degree of babysitting in order to ensure the code used continues to be profitable with more trades than not.

In my case it was obvious that some settings worked some of the time and some worked others... sometimes nothing worked.  The trick would be figuring out what works and when and then adjusting the trade options on the fly.

MHO - Don't use a bot, you'll do better learning the what and when and trading yourself.

I agree.  Trade without a bot for a long time to understand all of the moving parts.
Then you can better understand if a bot is good and what it is doing well or poorly.

And if you get adventurous you can develop your own and then you will have 100% control over what it does

Yes this is true without any doubts, but using a bot is still not good because bots do not have a brain so they cannot think about the consensuses of a thing they are doing..
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June 17, 2016, 12:36:55 AM
 #41

Do not rely on auto trading bot, they are not that much genius which you are, you can trade more better than bots and can earn better than them.

Yes that's right because you are the one who will analyze and make a better decision than bots. Bots is for lazy people.

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June 17, 2016, 02:38:19 AM
 #42

I did a test with an automated trading bot a while back and even with highly customizable options, I was never able to "dial it in" where it would trade profitably, consistently.  It'd make a little here and there then turn around and make 10 losing trades in a row for no apparent reason.  The cons definitely outweighed the pro of being lazy and overall my test ended in the red.

It's possible for a good trading bot to be profitable over time, but it isn't easy and most likely requires some degree of babysitting in order to ensure the code used continues to be profitable with more trades than not.

In my case it was obvious that some settings worked some of the time and some worked others... sometimes nothing worked.  The trick would be figuring out what works and when and then adjusting the trade options on the fly.

MHO - Don't use a bot, you'll do better learning the what and when and trading yourself.

I agree.  Trade without a bot for a long time to understand all of the moving parts.
Then you can better understand if a bot is good and what it is doing well or poorly.

And if you get adventurous you can develop your own and then you will have 100% control over what it does

Yes this is true without any doubts, but using a bot is still not good because bots do not have a brain so they cannot think about the consensuses of a thing they are doing..

And sometimes not having a brain can be a good thing.  Wink

True a bot cannot think about what it is about to do, it is up to the developer to infuse it with logic about what they want it to do.
Currently...Programs only do what people tell them to, if they do something wrong/bad/unethical it is the peoples fault, not the programs.
I can recall, on a few occasions, where coin wallets have done bad things, I don't see people saying "Bad Wallet", I see "Bad Dev".
Why are trading bots different?

oh, I went a little ranty there,  Cheesy
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June 17, 2016, 02:43:20 AM
 #43

Do not rely on auto trading bot, they are not that much genius which you are, you can trade more better than bots and can earn better than them.

Yes that's right because you are the one who will analyze and make a better decision than bots. Bots is for lazy people.

So you are saying that the people that control 25% of the NYSE daily volume through Program Trading are lazy people?
Well they may be lazy but, when they get it correct, I am pretty sure they make a decent amount of money.

Again I went a little ranty!!
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June 17, 2016, 05:48:40 AM
 #44

I think bots is not a good idea to make a good profit because they are only programmed to do the thing that they need to do. So, they will not see the and analyze the price movement if it will be higher or not. Better to trade by your own than using bots.
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June 17, 2016, 06:08:48 AM
 #45

Well, if you're "smart" enough to entrust you capital on a bot which only monitors graphs, and ignores news sources such as Twitter, bitcoinTalk, coinbase... all the financial news agencies. Then you probably deseve whatever "profit" you make
I am also thinking the same that why will a person leave his wealth fro the bot to play with, it is really a high risk for our wealth, the real traders will never ever rely on these bots for their hard earned money, but only those who will start to trade with only some satoshis.

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June 17, 2016, 06:34:20 AM
 #46

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

yes and no.

but if you are looking for a magical bot that you just click a button and it makes you rich then i have to say there in none. especially if you don't know about trading and have to experience in the matter.

but bots can help you a lot in trading and watching the market and earning profit ONLY if they are coded well and you know how to use them based on your knowledge of the market.
i dont think it is very useful to use auto traing bots because as you can see the price is not very stable at the moment and when the price rise allot the bots does not see it on time so be careful always have a look self.

as i said it is not magic, it depends on how you (or the developer of the bot) have coded the bot. if you have foreseen all the variables and made appropriate code for it then it can be done.

computer on its own doesn't have a mind so you have to create all these situations in your mind and then translate it into coding (machine language) so computer can decide on your behalf. so it can be done but it is not easy.

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June 17, 2016, 07:42:33 PM
 #47

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
The only thing that i suggest to you better to use manually because there's no sureness. it can only help you to manage and record some of your profit. no one become rich in bot depends in your strategy how you manage your trading using bot..
And also the price has a big fluctuations and big rise nowadays so in a sudden rise only those people can make profit who do trade manually, bot those who have set the bots for it , they will lose all the coins at a certain low price relative to that time.

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June 17, 2016, 07:53:40 PM
Last edit: June 18, 2016, 12:15:23 AM by JarBinks
 #48

And also the price has a big fluctuations and big rise nowadays so in a sudden rise only those people can make profit who do trade manually, bot those who have set the bots for it , they will lose all the coins at a certain low price relative to that time.

That would be true if the bot that was being used had not been taught to deal with the situation.
I am not saying bots are perfect and I am not saying they don't make mistakes what I am saying is that a good bot can be quickly educated on changing conditions and adapt.
In general bots do not follow the Ron Popeil philosophy "Set It..And Forget it", just like manual trading they need to cared for and loved.
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June 17, 2016, 11:32:48 PM
 #49

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
If you're looking for a get rich quick scheme with no effort, then a bot really isn't the way to go forewards, in the short term a bot can react quicker and more efficiently than a human, and take advantage of the conditions so if that's what you're looking for then it may be ideal
However, i'd suggest a serious amount of programming knowledge, bots are not human, cannot adapt, spot changes or patterns and adjust, left unsupervised with no real knowledge of how they work they easily possess the ability to sap all of your resources with little to no effort, be careful
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June 18, 2016, 11:21:50 PM
 #50

And sometimes not having a brain can be a good thing.  Wink

True a bot cannot think about what it is about to do, it is up to the developer to infuse it with logic about what they want it to do.
Currently...Programs only do what people tell them to, if they do something wrong/bad/unethical it is the peoples fault, not the programs.
I can recall, on a few occasions, where coin wallets have done bad things, I don't see people saying "Bad Wallet", I see "Bad Dev".
Why are trading bots different?

oh, I went a little ranty there,  Cheesy

Very well said.  As with a lot of things, a trading bot is only as good as the developer behind it and the trader's ability to implement a profitable strategy.  You can have slick code and an active dev yet some will still lose money because they don't take the time to learn and understand what they're doing.  Conversely, someone with a few extra brain cells and a pound or two of effort can make a garbage trading bot work.

There is another good point you've touched on that's worth repeating and expanding... a bot doesn't think... it does what the developer/traders decide.

Besides what's already been mentioned, having a system that makes trades "without thinking" can be very beneficial if implemented properly.  In this case, "without thinking" is the same as saying "without emotion", which means the bot will execute trades that perhaps you or I may not due to emotions clouding our judgement.  It'll make the trades we wouldn't, or can't, and it'll only make the trades it is set to make.

There's good and bad on both sides.  Definitely an interesting discussion.
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June 19, 2016, 01:39:12 AM
 #51

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

It has a good benefits of it because its automated but theres advantage if you are directly manage your trading because theres a chance that the altcoin will pump to the moon so if the bot set in only +1000 sats only.. You say that you should trade than this bot
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June 19, 2016, 08:20:00 AM
 #52

Well, it really depends on what you're looking for. Profits always will come with risks, remember that. You cannot only get profit without risks. And trading bots are just like trading. It involves risks.

It CAN make good profits, but it's not GUARANTEED.
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June 19, 2016, 07:55:01 PM
 #53

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

I have seen many trading bots that are being sold here in forum like C.A.T but telling the truth i do not trust these bots, what if the developer has made a hidden feature and dumps all clients's assets (bitcoins,altcoins), nobody can guarantee that this can't happen. Also it is the opposite way pumping a price and then buying high etc. Maybe there is a profit using them but I believe that the amount isnt high.
Yes, we do not have to trust on them, it is a big risk to take, and also there are a lot of people who want the sellers to sell their coins at lowest price, so these are chances that someone work on it so as to dump the coins.

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June 19, 2016, 09:22:18 PM
 #54

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

I have seen many trading bots that are being sold here in forum like C.A.T but telling the truth i do not trust these bots, what if the developer has made a hidden feature and dumps all clients's assets (bitcoins,altcoins), nobody can guarantee that this can't happen. Also it is the opposite way pumping a price and then buying high etc. Maybe there is a profit using them but I believe that the amount isnt high.
Yes, we do not have to trust on them, it is a big risk to take, and also there are a lot of people who want the sellers to sell their coins at lowest price, so these are chances that someone work on it so as to dump the coins.

If a bot dev (like me), who create bot to have a BTC revenue, put malicious code inside his bot (let's say a code that sell coin X without your permission) the only result will be the complete lost of credibility and customers.
I Agree when people say "don't trust bot", free bot for example without source code are dangerous.
But if you look at the bot history and dev feedback probably you'll be able to understand if the bot is ok and trusted or not.
In my case i'm selling my bot since 2013, and i have near 200 positive feedbacks...........so no reason for me to put bad code inside my bot  Wink
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June 19, 2016, 09:34:31 PM
 #55

Bots are intended to be aids to trading, not magical push this button and u get the many bitcoins. At the end of the day it comes down to the trader strategy and their inputs.
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June 19, 2016, 10:06:06 PM
 #56

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
i'd steer well clear of trading bots for a good few reasons, one, for example is that bots follow rigid programming that it cannot break out of or adjust like a human noticing patters could
They are fine for short term, small profit however in the long run if you're looking for big gains, learn the system, do it manually, and you'll make far more
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June 19, 2016, 10:10:11 PM
 #57

Bots are intended to be aids to trading, not magical push this button and u get the many bitcoins. At the end of the day it comes down to the trader strategy and their inputs.

This is probably the best advice anyone could give you.

Bots should be used to make your life easier. Which would probably be, to highlight data and display useful information/news. They should be used to help professional, to accurately verify whatever decisions they take. They shouldn't, on the other hand, be left to make take the final decision.

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June 19, 2016, 10:11:39 PM
 #58

I have never tried a bot by myself. but I do not think that trusting a bot with you money is a good idea because you may loose all your money because of the unstoppable trades it executes. while when you open a trade by yourself, you think deeply about all the possibilities.
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June 19, 2016, 11:25:03 PM
 #59

Bots are dangerous. You need to know and trust their origin. You don't have any way to know if it has malware or something like that. Besides, you still need to manage it, otherwise you might get huge losses.
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June 20, 2016, 12:56:37 AM
 #60

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
Yes, you can make profit with automated trading bots, but it's still risky.
For example, if the trading prices suddenly drops.

 
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June 20, 2016, 01:58:38 AM
 #61

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
For the love of... Please no.

As good as it may sound, an auto-trading bot usually cannot handle large market moves. I've lost good money because of that.

Save yourself the trouble and just don't.
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June 20, 2016, 11:29:09 AM
 #62


I feel better still if you like to trade for yourself because you can control what you do and profit could further increase my profit you .

then you might also be able to control those losses so you will not be a loss .

in because you can either profit or loss of your money
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June 21, 2016, 04:37:00 PM
 #63

Im an occasional trader, and always find it annoying when I enter a buy/sel bid and someone jumps in front of me almost immediately.
I would be interested in knowing what autobots are available, and to your point, im not looking for freeware.
Just somewhere I can look at the pros/cons, costs and compare the various autobots.
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June 21, 2016, 07:27:50 PM
 #64

An auto bot is just so bad in my opinion, you will lose a lot of money by all these bots you can better just have your own strategy and do it manual all times.
These bots cannot think and make sometimes not a good decision.
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June 21, 2016, 08:36:33 PM
 #65

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
For the love of... Please no.

As good as it may sound, an auto-trading bot usually cannot handle large market moves. I've lost good money because of that.

Save yourself the trouble and just don't.

I haven't tried it, but I expected such a thing could/would happen. The same applies of autobetting. A robot doesn't  understand if something goes wrong, and will logically continue it's task.
Sure you can earn from the 'good orders' but preventing 'bad orders' in case of an error is mandatory.
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June 21, 2016, 09:02:19 PM
 #66

Just out of curiosity, what are some of the autobots out there?
I would at least like to read some of their blurbs and see what things cost.
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June 21, 2016, 09:06:10 PM
 #67

i never trade use bot because it is just program, i am more believe on my analysis than use program who made by another people who i don't know them.
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June 22, 2016, 04:38:51 AM
 #68

I would not recommend you such auto trading bots because its still that they are not thinking about the consensuses.
They can really ruin it for you in my eyes.
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June 22, 2016, 04:43:55 AM
 #69

If you want to make good profit forget bot and try to understand the analysis of demand and supply. Try to find out the formulation of different policies of country which will accept and not. And make the profits in small itself at present. Since the dip has started now.
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June 22, 2016, 08:20:02 AM
 #70

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

I can't actually tell you which bot is best to use because of simple reason, i don't uss one,  because no bot will be as good as me in trading

Bots probably won't feel when it is right time to buy or sell and they can even make dumb mistakes like selling at wrong tine so i don't use them
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June 26, 2016, 08:09:40 PM
 #71

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
For the love of... Please no.

As good as it may sound, an auto-trading bot usually cannot handle large market moves. I've lost good money because of that.

Save yourself the trouble and just don't.
Yes, the bots are bots, they can not make you profit in a business, trade is a business and giving you profit so better is that you run that business yourself, you will get good profit but the bot will make you lose if any mistake occurred.

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June 27, 2016, 08:42:55 AM
 #72

An auto bot is just so bad in my opinion, you will lose a lot of money by all these bots you can better just have your own strategy and do it manual all times.
These bots cannot think and make sometimes not a good decision.
And especially in the case of bitcoin where a lot of large pumps and dumps happen each day bot will not be able to handle that, and the result will be the same which everyone has suggested, that you will lose.

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June 28, 2016, 02:42:45 AM
 #73

Yes auto trading bots are not good at all manually is of course always better but if you do not have the time for it these bots can sort of work out sometimes.
You just have to configure it good to do not get problems with it.
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June 28, 2016, 01:10:56 PM
 #74

If you know, how to adjust it, then yes - you can make good profit.  Grin
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June 28, 2016, 01:22:07 PM
 #75

How many have used this bot for trading reason and how much profit is yielded? Also what would you suggest to go manual way and look for better opportunity offline as well or no?
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June 28, 2016, 01:32:55 PM
 #76

Auto trading is only good when you have a very big bankroll and you are betting on low payouts. For istance, if you have a bankroll of lets say 10 btc, it will be save to bet on payouts of X1.2, X1.3or even X1.1 with a base bet of 1000 satoshis. With this, you can choose a favourable multiplier on loss so that you recover quickly after a loss.
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June 28, 2016, 02:01:53 PM
 #77

I dont think they are making allot of profit because the price of the bitcoin is not stable at all the last time so the bot
needs to be updated. So make sure your bot is one of the best otherwise you can play bot by your self would be many times better.
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June 28, 2016, 02:01:55 PM
 #78

Most of the bots are out datet so make sure you have the right one becasue the price of the bitcoin is not really stable you need to make
sure that he make good deals so stay behind the bot if you are clever.
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June 28, 2016, 02:41:51 PM
 #79

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

yes and no.

but if you are looking for a magical bot that you just click a button and it makes you rich then i have to say there in none. especially if you don't know about trading and have to experience in the matter.

but bots can help you a lot in trading and watching the market and earning profit ONLY if they are coded well and you know how to use them based on your knowledge of the market.
i dont think it is very useful to use auto traing bots because as you can see the price is not very stable at the moment and when the price rise allot the bots does not see it on time so be careful always have a look self.
I dont think bots can make more profit than you self can do because bots are developed by people so if they make some faults you cant fix them at the same time
So you should always have a look at the trade by your self what i prefer to do is holding on to my bot but always stay behind him.
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June 29, 2016, 05:20:17 AM
 #80

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
For the love of... Please no.

As good as it may sound, an auto-trading bot usually cannot handle large market moves. I've lost good money because of that.

Save yourself the trouble and just don't.

I haven't tried it, but I expected such a thing could/would happen. The same applies of autobetting. A robot doesn't  understand if something goes wrong, and will logically continue it's task.
Sure you can earn from the 'good orders' but preventing 'bad orders' in case of an error is mandatory.
It is right, the bot will do only that task for which it has given the command and the strategy changes each time in crypto currency, so a little error can make him lose all the hard earned money of him.

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June 29, 2016, 05:53:26 AM
 #81

i will not suggest any bot is a really got profit maker... unless i see a nice proof Wink

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June 29, 2016, 06:31:24 AM
 #82

i will not suggest any bot is a really got profit maker... unless i see a nice proof Wink
because your brain is better than using a bot, you can think a various way to gain profit from them not just only using the boat. the bot can't take a sudden decision if you need to take this.

 
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June 29, 2016, 10:24:42 AM
 #83

Well i have always treated trade bots just like any other machines i have in my household)). They can help if programmed properly, but that's it. My air conditioner shouldn't decide what temperature is better for me.
So if you want to use a bot:
1. Start trading manually with small amounts
2. With some experience gained, work out the most profitable strategies that worked for you personally during let's say 6 months of daily trades
3. Buy a legit bot and program it with your own strategy so it will behave on the market just like you do while you are asleep or away.
4. Constantly question your strategies and try to improve them
5. Profit

aka Shammann elsewhere, spreche etwas Deutsch, pyccкий тoжe знaю
ॐ मणि पद्मे हूँ
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June 29, 2016, 08:47:14 PM
 #84

Trading bots do not let you make good profits at all, it can even let you lose a lot of money without any doubts.
I think that such bots are just bad for your profit because they can simply not think the same as you.
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June 29, 2016, 08:49:20 PM
 #85

This is part of a message i receive yesterday from an old 2014 customer

"You deserve every penny you get for your software, It made me a lot of money on cryptsy at the time."

Sometimes bot successfull stories happens  Cheesy Cheesy
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June 30, 2016, 11:25:10 AM
 #86

Trading bots do not let you make good profits at all, it can even let you lose a lot of money without any doubts.
I think that such bots are just bad for your profit because they can simply not think the same as you.

well a bot shouldn't be thinking in your place!
for that you need artificial intelligence which is not yet invented except in the movies,

a bot is only making your job easier and you think, and tell the bot to monitor and execute your thoughts, that is all.

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June 30, 2016, 12:57:52 PM
 #87

i will not suggest any bot is a really got profit maker... unless i see a nice proof Wink

yeah, it is true the bots do not have any mind and do not have any intelligence to trick with the situation to make us earn bigger profit, so the good idea is that we ourselves learn trade and start it.
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June 30, 2016, 03:31:43 PM
 #88

i will not suggest any bot is a really got profit maker... unless i see a nice proof Wink
because your brain is better than using a bot, you can think a various way to gain profit from them not just only using the boat. the bot can't take a sudden decision if you need to take this.
Bot is kinda good too because it would be the one who do the trade with specific things you put in it's program or if you are not comfortable with your bot then you can just let it do itself while watching if there's an error that might happen. This will help you make things easier and more comfort because you can watch movie while observing your bot doing the trade.
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July 21, 2017, 06:58:39 PM
 #89

I think is good for speculating new coin for pumps, the rest i think i wouldn't be worth your money

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August 27, 2017, 01:17:33 PM
 #90

When trading on the crypto market, in some cases it's enticing to simply to kick back and let a master or a bot take every necessary step for you.

This is the reason robots ended up plainly prevalent.

Essentially, robots and different types of mechanized programming, guarantee to make traders huge benefits with next to zero exertion on their part.

It's quite recently the lazy people's method for trading.
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August 27, 2017, 02:19:53 PM
 #91

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
There are lots of trading bots in the market and most of them are free to use but to think off that this are just tools on automating your trades not actually on increasing the chance on making money or having a good profit on trading.This is why when you do have the time then its better to do it manually because you would able to learn trading even more than auto trades.

 
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August 27, 2017, 02:54:29 PM
 #92

i will not suggest any bot is a really got profit maker... unless i see a nice proof Wink
because your brain is better than using a bot, you can think a various way to gain profit from them not just only using the boat. the bot can't take a sudden decision if you need to take this.
exactly you cannot compare a machine with a human brain. i think you have to think from different prospectives before getting into any coin or investing in any coin. i think the brain and all your sense plays a vitol role in that and from this you can don your homework properly before investing. trading is very interesting thing if you do it with having fun.
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August 27, 2017, 02:55:16 PM
 #93

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
You sure in trading you can  use bot to execute it. It can make you idle, but the ratio is low ,
it's  worth the risk to you  think before you want to use it.
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August 27, 2017, 03:00:02 PM
 #94

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

Using a bot helps, there is so much going on in trading that a little help counts. But without a good strategy or edge expect to make losses.
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August 27, 2017, 04:11:26 PM
 #95

Yes they do that's why they are called as autopilots. There algorithms are made in such way that they know which coins might just get pumped in the near future and based in that they put the stakes on. There working is in fraction of seconds so they buy and sell order so quickly that they never let you down and can get big profits for at some times. Good option to choose if you have big investments available and less time to trade the money.

 
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August 28, 2017, 05:25:22 AM
 #96



i will not suggest any bot is a really got profit maker... unless i see a nice proof Wink



What proof you need for bots? Nobody will expose there bots and strategies here so openly. Using bots is unethical practice anyway but in crypto world it has gotten new perspective. Anyway, bots are profitable in some instances and in others they are just so shitty in thinking capacity that they will drain all of your balance over a trade which will never get you profits. Bots do work and there are bots made by legendary members here for example gunbot is good example. You can try it out yourself and be a proof by yourself.
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August 28, 2017, 06:02:06 AM
 #97



i will not suggest any bot is a really got profit maker... unless i see a nice proof Wink



What proof you need for bots? Nobody will expose there bots and strategies here so openly. Using bots is unethical practice anyway but in crypto world it has gotten new perspective. Anyway, bots are profitable in some instances and in others they are just so shitty in thinking capacity that they will drain all of your balance over a trade which will never get you profits. Bots do work and there are bots made by legendary members here for example gunbot is good example. You can try it out yourself and be a proof by yourself.

The strategy of bots is clear and understandable. If a bot started working on some coin, then this coin will be pumped. They attract attention by a sharp rise in price. People succumb to this and buy a coin at an expensive price. They hope that growth will continue. Then the bot stops its work and people are ready to sell a coin cheaper than they bought.
I often trade coins on which the bot works. You need to choose the right time to buy and sell right away at a slightly higher price. But it's dangerous
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August 28, 2017, 06:06:45 AM
 #98

wearing a bot just makes it uncontrollable. Well, sometimes it really makes us make a lot of money. but, there are times where it makes us lose. I would argue that it's better to do it yourself rather than rely on bots.

 
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September 24, 2017, 04:33:00 PM
 #99

like the umstel trading platform, the chance on occupying use of automation trading system helps with the ease on running and application, as trader to collects within the longer session of trading absence and keep with the times to work as managing different customs of moderation to enter further with the better system on returns with the continuous evaluation as noticing information.

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September 24, 2017, 04:56:15 PM
 #100

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
Bitcoin and altcoins trading is very risky but using bot to trade it is even more risk. When I was into forex trading I no how much I have lose using robot in trading. Though there are alot of testimony from most of the bots site on how people are making alot through them I have never be lucky to succeed with it.
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September 24, 2017, 05:12:51 PM
 #101

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

I don`t think that it`s a good idea to use bots to automate trading.Jusy learn more,practice and trade

manually.Bots are for lazy people who want easy money and, in the end, they end up losing everything.

Good luck with trading OP Grin Grin Grin
Buddy, don't you know a thing about stock market? Most of the stock market trading firms do their work with trading bots and they hire people only to monitor the bots and make some minor tweaks if a problem arises, otherwise every trade is automated there and they are making lots of money daily. So if you want a bot and afford.. Its good for you, but you have to understand that how the bot works and then start trading with it and there can be some minor or maybe major sitbacks but don't worry, just figure out what was wrong in the process and then start again after rectifying it. I believe that trading bot will be profitable for you.
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November 09, 2017, 05:13:04 PM
 #102

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

Hello Shogunisback.

I am new here and I have some years of manually day trading several different markets. I am new to bitcoin trading.

About 7 months ago, I made the decision to move from manually trading to automated trading for the follow reasons:

Pros

1. I always doubted the manual trading method I was using even though I manually back test it for about 200 trades

2.  Time: Working a part time to full time job, it's tough taking trades and watching the charts.

3. Programming and backtesting a strategy lets me see what the odds of that bot being successful in the future. It just make sense to me why risk money in the future on something that made less profits in the past.

4. I can test any trading method I choose. No longer do I have buy a trading system and HOPE it works. Program it and click back test.

5. Reduces stress. manually taking trades all day, every day can become stressful if you not careful.

6. My odds of winning is increased because I tested the strategy.

Cons

1. Trusting the backtesting simulation and the historical data is the upmost important thing with bot development. garbage in, and garbage out. you will be tested and optimizing alot, if the historical is not trustworthy, then the profit and drawdown will lie to you. Test test test test that your back test is not lying.

2. Slippage. Tradig BTC/USD manually, i notice the spread is just outrageous. You lose money when first enter trade. So slippage needs to be 20pts in the back test simulation.

3. You have no control, once you click Start, that's it. let it run til drawdown is hit.

I agree with everyone else, I would not buy someone else bot. If it works so good, they would not be selling it to me. better yet, give me the trading method and let me test myself first.
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November 09, 2017, 09:01:30 PM
 #103

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

Using an automated bitcoin or other cryptocurrency in trading bot cannot make a good benefits,because you cannot control some minor tweaks or other problems arise in this method,this method is unclearly and long process to understand,and in time of lossing your btc you cannot argue because its a bot,its better that you trade it in your self properly not in automated at least you can do it in your  own not  in machine.

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November 09, 2017, 09:13:43 PM
 #104

I think not, if you will keep doing that at first, you will think that it was good but at the end you already lost everything you have. It is better to be rich as a fruit of labor.

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November 14, 2017, 11:06:57 AM
 #105

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

Auto trading bot is the best idea for profitability. This is because the exchanges cannot give you all the informations  about the activities and movements of the market. But bots such as www.xchangerate.io. has been developed over time with the ability to get information from different exchange platforms, analyses it and gives you the best signal to enter a highly profitable trade, thereby maximizing profit and eradicating losses.
Join the conversation on telegram to know more about xchangerateRobot.
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March 12, 2018, 04:11:58 PM
 #106

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

Auto trading bot is the best idea for profitability. This is because the exchanges cannot give you all the informations  about the activities and movements of the market. But bots such as www.xchangerate.io. has been developed over time with the ability to get information from different exchange platforms, analyses it and gives you the best signal to enter a highly profitable trade, thereby maximizing profit and eradicating losses.
Join the conversation on telegram to know more about xchangerateRobot.
https://t.me/XchangeRateSupport

This is a scam and you are a scam!! half the links on this site don't work. STAY AWAY!!!
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March 12, 2018, 04:27:44 PM
 #107

Why are so many different opinions, good BOT still earn very stable words. BOT helps solve many problems in this volatile market. Grin Grin Grin
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March 12, 2018, 04:32:57 PM
 #108

Do not rely on auto trading bot, they are not that much genius which you are, you can trade more better than bots and can earn better than them.

Better or not is depending of the bot and the people abiltity to trade.
Bot is helper so it will work depend on your setting. It will do good job if you have ability to set it. But if the trader does not have good experience, using bot is useless.

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March 27, 2018, 03:23:55 AM
 #109

it's dependable if you're going to spend, it's a lot that's automatically trading but they're not lucky enough to end them so much they've got it. so my advice is you search first if you are legit .. thanks ..
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March 27, 2018, 03:42:59 AM
 #110

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
I do not know, because I have never been interested in bots, especially in commerce. I prefer to trade manually because it can make us better understand the market movement and will provide a lot of experience.

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March 27, 2018, 06:03:12 AM
 #111

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

Automated bots are programmed based on mathematical parameters retrived from the market. Yes, you can make some good profits with it as long as market is normal. However I don't recommend them because they also makes mistakes, like bot that works with martingale system. Martingale bot will always open position to recover previous losses, until your fund exhausted.

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March 28, 2018, 09:42:35 PM
 #112

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
I think the current time you should not use bots when trading. It can be seen that the current market is changing rapidly and extremely dangerous. If you use the bot to trade the bot will automatically put stoploss on which floor there are many robot trade. Because it is extremely dangerous to trade bots. Alloys can lose a lot of capital due to false signals of the market.
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March 28, 2018, 10:01:41 PM
 #113

However I don't recommend them because they also makes mistakes, like bot that works with martingale system. Martingale bot will always open position to recover previous losses, until your fund exhausted.

It depends on the bot, really. If all bots, or a lot bots, were working as you said, the market would be very easy to manipulate. The main point of importance is that you should be able to adjust the bot's algorithm in order to iron out easily exploitable weak points that can lead to you burning through your balance quickly. I once tried to trade with a bot (one that I paid for), where after a short testing period I just deleted it because there is just no way I can let AI trade with my funds while I am sleeping or not paying attention. It's just impossible for a bot to beat the market in very active market circumstances, especially if the price keeps going down almost consistently.
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March 28, 2018, 11:10:22 PM
 #114

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

I don`t think that it`s a good idea to use bots to automate trading.Jusy learn more,practice and trade

manually.Bots are for lazy people who want easy money and, in the end, they end up losing everything.

Good luck with trading OP Grin Grin Grin

I somehow agree. Although computers and machines, programs and algorithms of different sorts are programmable to deduce information that could hel a person choose the best trades. I think that there's a human factor that cannot be done and computed by a machine. As much as trading is a Science, they say that it is also an Art. So, to get the best trades, it should be a balance with the computed aspect and the human aspect of things.

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May 07, 2018, 07:22:44 PM
 #115

Of course yes, auto trading bot make a good profit because if not what they are sense of creating this in the trading business and also
I think it is reliable because the of the system that program everything in this.
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May 08, 2018, 08:38:24 PM
 #116

Of course yes, auto trading bot make a good profit because if not what they are sense of creating this in the trading business and also
I think it is reliable because the of the system that program everything in this.
Well this answer can be yes and no simultaneously. It is all about the way of thinking for this question. When you consider trading with human mind, you can say this would be stronger than a programmed bot who doesn’t know anything except what is fed in it so this would create a big no. but when you think go such enhanced artificial intelligence and such stuff, then yes, this would be a yes.

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May 08, 2018, 09:47:45 PM
 #117

I don't rely on automated trading bot, why? Sometimes, it doesn't cut our loss. It means, we cannot assure that bots will make a good decision when there is a dump. If you want to trade, you better make it manually. Remember, the best programmed intel in this world is the human brain. Do not prefer for a bot if you can just do it by yourselves.

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May 08, 2018, 10:10:22 PM
 #118

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?


Learn and apply it in your life as a trader. You must be willing and eager enough to gain knowledge and learn the basics of trading. Try to do series of research about trading for you to do it better the moment you try it. To avoid loses, you must be mentally and emotionally prepared for it.

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May 08, 2018, 10:16:19 PM
 #119

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
If the market is going normal with normal buy and sale then I think it will benefit you but if something bad will occur in the market like the market of ZCL in 28th February 2018 then it will be much hazardous for your trade as when people will selling all of their coins then your bot may buy a part from that and which will make your money as nothing and after that it will take a longer time to recover that money back.
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May 08, 2018, 10:33:20 PM
 #120

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

Automated Bitcoin or other crypto currency trading bot, can make some good looses. Dont use bots, especialy if you dont know which one is better and you dont have too much funds. In case you use it, it is better to monitor its actions.
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May 08, 2018, 11:18:52 PM
 #121

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
I think if you will do trade manually then it will be more better. I do not mean that these bot do not help to get benefit but still no one know about the market and if you will do manual then you will have your mind with you and you will decide more better than a bot. As a bot do not have mind and they only work on coded program which work which is coded only.
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May 10, 2018, 11:00:08 PM
 #122

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
I believe that with a market that is constantly fluctuating and difficult to predict, it is very dangerous and very risky to trade at this time. At present, the market is experiencing a lot of weakening and soon after a strong rebound, so you should trade yourself.
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May 10, 2018, 11:19:30 PM
 #123

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
I think if you will do trade manually then it will be more better. I do not mean that these bot do not help to get benefit but still no one know about the market and if you will do manual then you will have your mind with you and you will decide more better than a bot. As a bot do not have mind and they only work on coded program which work which is coded only.
And those settings would be entirely depending on the user itself because if we do mean or talk about trading bots those are just tools that would automate on the trading set up you set. This are not magical things that would make you money on just putting it and leave the rest to the bot and at the end of the day you make profits that doesnt really work on that way on where most newbies do really believe on.

 
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May 10, 2018, 11:51:53 PM
 #124

Bots are very clever, and it uses lots of market indicator to make their next trading position. But it cannot predict bad news like, death of coin owner. Or theres a hack that you need to sell out your asset.
Bots are good to combine with manual trading.

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?


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June 01, 2018, 06:18:39 AM
 #125

that's not good, I advice do not wear Bot!

Bitcoin is created to be flexible in use by its own users.

if using Bot means that it's the same thing by choosing a third party. do you want to be on someone else's command / Bot?

huoammmmm!

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June 01, 2018, 06:41:28 AM
 #126

During my forex trading I have used bot and it has not worked well for me and I have decided to trade based on my knowledge and personal decision.  Since the advent of cryptocurrencies bitcoin has been doing well and we just need to buy and holds it for long term in other to actually make good money from it.  Many people are using bots because it is working for them and trade when they have no time to trade themselves.  United trade software is one of the bot that has give good return to trade  in the short while
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June 01, 2018, 07:03:13 AM
 #127

Don't expect profits all the time through auto trading bots. Bots are only helpful to execute a trade with a limited mind game. The algorithm may be set up to give the optimum output, however, it depends on the fundamentals also. The bots are mostly helpful in executing things faster, not to make real-life trader decisions. However, this is what I have gone through, others may have a different success story altogether.

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June 01, 2018, 07:21:40 AM
 #128

Don't expect profits all the time through auto trading bots. Bots are only helpful to execute a trade with a limited mind game. The algorithm may be set up to give the optimum output, however, it depends on the fundamentals also. The bots are mostly helpful in executing things faster, not to make real-life trader decisions. However, this is what I have gone through, others may have a different success story altogether.

thats right. auto trade bots are only usefull for people that are lazy or always on the go because these people cannot do trades regularly.

Thats why these auto trading bots are only designed for them in order to make their lives more easier but bots cannot guarantee you a succesful trade or a continuos profit because they are only dependent on the market.

 If the market is poor then the bots cannot execute a trade but when the market is in good shape then the bots can possibly trade more oftenly, which result for you to earn succesive income.
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June 01, 2018, 07:38:19 AM
 #129

During my forex trading I have used bot and it has not worked well for me and I have decided to trade based on my knowledge and personal decision.  Since the advent of cryptocurrencies bitcoin has been doing well and we just need to buy and holds it for long term in other to actually make good money from it.  Many people are using bots because it is working for them and trade when they have no time to trade themselves.  United trade software is one of the bot that has give good return to trade  in the short while
trading using bots, only suited to normal market conditions and no big news in the market. but if a lot of bad news that affects the market, it would be very risky to use bots.
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June 01, 2018, 11:38:19 AM
 #130

Trading bots can be insanely good, but also they can broke and loose all of your money (theoretically) I dont trust robots.
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June 01, 2018, 02:29:48 PM
 #131

I don't think it is a good idea. How can a bot identifies the market will go on. If it possible why don't all the traders use that and become rich?.I think "I am the only one who can bring me a good future".Trust yourself and Try it your self and learn more and more. One day you can learn how to get your target.I'm also a beginner to trading. But I like to learn and practically use it. Don't depend on a code. It will occur you to become lost. Good luck

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June 16, 2018, 06:46:11 AM
 #132

Yes of course, auto trading bot is still make a good profit to the investors to earn an income or profit in this business
because the company of auto trading bot is useful and helpful to the investors because if they not, they are not as of now exist in his industry.
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June 26, 2018, 10:00:21 PM
 #133

I use a bot daily on two exchanges. I do hundreds of trades at around 1% daily. There is no way I could trade on two exchanges in 10+ currencies and dozens of markets without a bot.  1% ads up daily and annually!

it is NOT a set and forget. I check in a few times a day and tweak the bot depending on what the markets do.  I have never seen a day with losses or trades with losses.

Sure, $1 coin sell order then creates a .99cent buy order at 1%, if the price goes up, you sit on that buy order til you tweak the bot or wait for price to drop, if it ever drops. You can lose a bit this way if buying back in at a higher price but with hundreds of trades daily, what you might lose there is gained by so many trades.

The bot takes exchange fees into consideration and will not do the trade without a minimum 1% trade fee because of my parameter. You can set to any % gain you want.  You will need to learn the bot, cause you can lose by setting it wrong. It does what you want, so make sure you know what you are doing.
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July 20, 2018, 05:00:50 PM
 #134

Many people are using bots because it is working for them and trade when they have no time to trade themselves.Trust yourself and Try it your self and learn more and more. One day you can learn how to get your target.
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July 21, 2018, 12:15:22 AM
 #135

For me I don't think that auto trading bot makes a good profit. The bot for me is not useful in any way, the bot is designed for the lazy ones that is why I do not used it. it is not applicable for the ones who wants to earn big in trading. Bot also commit a mistake that we blame our self that we used it. For me it is okay that we in ourself that we work for our earning, we should not depend on the earning on someone. If you want a good profit work for it, no one will work for you. You are the only one who will help yourself. Do not expect to much if you used the bot. 
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July 21, 2018, 01:32:52 AM
 #136

of course. An automated trading platform generates good returns
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July 21, 2018, 04:08:30 AM
 #137

Using bot for your daily trading is not just that easy as it sounds. Besides bots functions differs. You will also need to go and learn how the bot you are using functions. But i will say that it is a two way thing to use bots. It is either you win a trade or you lose a trade and there is no guarantee that you will not lose when using a bot to trade. I will say that it is better you understand how to trade on your own first before making use of a bot and that way you will be able to decide which is best suited for you,
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July 21, 2018, 05:15:56 AM
 #138

Bots trading for me is risky and no assurance that you'll get more profit from it. That is also through to auto betting. More losses than winning. Much better if you do it manually because we humans are smarter than the bots. Bots have limitations.They are configure when to trade coins unlike humans we can do adjustments as when to sell our coins for a better profits.
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July 21, 2018, 05:59:46 AM
 #139

I have tried gunbot. Wasnt pleased with the results. Although the market was at it lowest that time. I'd like to try those boys again. Boys are just tools, it's all about how you use them
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July 21, 2018, 06:59:46 AM
 #140

i had tried it 2 times but id never win maybe depends on bot but for me buying at low and selling at long term are the best option. like today you can buy at this point then sell it on december to january or depends on the situation.

CRYZEN.COM | CRYPTOCURRENCY ALGORITHMIC TRADING PLATFORM
⚫ Presale starts September 1st, 2018  ⚫
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August 30, 2018, 08:00:44 AM
 #141

I`m using this one for 2 months and is giving consistent profit. I made 5x in the first month on Bitmex. This bot was made by some traders for Forex and it was adapted to crypto. As you know almost all trades are made automatically and most of the bots are privately owned like this one.
Licence for a bot like this is between 20.000-50.000$. You can find similar bots in this price range.
https://t.me/BitmexAutoTrading
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August 30, 2018, 05:08:01 PM
 #142

I think bot trading is some kind of cheating. And also, just a little mistake may lead to catastrophic consequences. I remember a story when bot made an order a fraction of a second later than it should and company lost dozen of mln $. I trade by myself, manualy. Tracking my coins with analyser https://coinsharbor.com/
Check it out, if interested. Well made and functional service!
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August 30, 2018, 07:53:16 PM
 #143

If you have knowledge about how you should use it, it will definitely gain for you. As far as I know, it's okay to use it for arbitrage. You lose a lot of time with your manual action, and you can't achieve your predicted profit. But sometimes bot can empty your pocket.

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August 30, 2018, 09:29:24 PM
 #144

I don`t like them and when the market is bad the bots can experience huge loses to the users, in addition it can be hacked by apis and used for evil as we have seen in binance.

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August 30, 2018, 09:35:32 PM
 #145

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
i don't think it will be good, because which make good profit in trading is ourself. I never tried bot that is why can't suggest about it. But my suggestion is feel how to trading ourself, it will be more fun

 
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August 30, 2018, 09:35:43 PM
 #146

It really depends on the thresholds you place on the bot for the different coins but if used meticulously I think gains can be made off bots.
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August 30, 2018, 11:05:26 PM
 #147

Well this bot uses API keys. You remove withdrawal rights, so you are safe. You just use your own Bitmex account (or a new one for testing in if you are sceptical) and the bot it makes all trades for you. In last month we had 3x-5x profits.
It's your own account and you can even decide not to pay, which is not nice but that's up to you... After 1 month of profits if you don't pay, you are kicked out. If you pay, you gotta share with us 50% of profits. All users until now are happy for their profits!
We are not hoes to take money before profits!
https://t.me/BitmexAutoTrading
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August 30, 2018, 11:08:00 PM
 #148

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
I do not think you should use bots to trade, you can see that the market is fluctuating continuously and it is difficult to guess, the market is in a bear market in the long term, so to be able to transfer success at this point is very difficult. The market is in the uptrend phase of the altcoin so I believe you should self-trading to be as flexible as possible.
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August 30, 2018, 11:11:30 PM
Last edit: August 31, 2018, 08:07:27 PM by BogdanL
 #149

Doing trades on Bitmex with leverage it's the only solution those last months so that's why someone decided to make a bot for this. You can see results on Telegram link for it in the post below. Don't want to spam with this... but i`m just an user... and found the best bot ever until now. Maybe there are more, much better, but for me, this one is the best so far.
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August 31, 2018, 03:23:13 AM
 #150

I dont have idea about bot trading for crypto, but i have been use bot trading in forex and binary option trading, but the result is the same thing like do manual trading. I think all bot trading is the same and the quality of the bot according to the price.

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August 31, 2018, 03:27:32 AM
 #151

If you have knowledge about how you should use it, it will definitely gain for you. As far as I know, it's okay to use it for arbitrage. You lose a lot of time with your manual action, and you can't achieve your predicted profit. But sometimes bot can empty your pocket.
Yes of course, even you are using bot on your trading loses will still happen. I don’t have any idea how bot in trading works but i really don’t want to use this kind of technology because I know how to trade and this is my money so I should be the one to play with it.

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August 31, 2018, 03:48:28 AM
 #152

I think bot trading is some kind of cheating. And also, just a little mistake may lead to catastrophic consequences. I remember a story when bot made an order a fraction of a second later than it should and company lost dozen of mln $. I trade by myself, manualy. Tracking my coins with analyser https://coinsharbor.com/
Check it out, if interested. Well made and functional service!

Nah, its not cheating

its called automation, exchange allows it

you still have control of it, setting configs, threshholds, strategies, limits, etc....

so when a story comes telling they got REKT on bots, its called "Stupidity"

Don't give a Mln dollar to machine you don't even know how it operates, what its weaknesses, flaws and strength



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August 31, 2018, 04:10:14 AM
 #153

I have never used a bot to be used as a profit from trading, I also want to try the bot but I am afraid of loss and fear that my capital will be lost, maybe because I was tricked by a scam project
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August 31, 2018, 05:42:30 AM
 #154

I think you need to stop thinking of using bots to automate trading. No one will know that it will be more profitable for you than Bitcoin. Your job is to continue to learn, to accumulate experience to trade manual
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August 31, 2018, 03:48:39 PM
 #155

A bot is only a good tool for trading, not a magic wand. You still need to have experience and knowledge, understand what is happening in the market
BitcoinTurk
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August 31, 2018, 05:02:58 PM
 #156

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

I used this service for a while, but it would not be right to say that it is so profitable because no boots work properly. Although many transactions are made with the right orders, sometimes it is selling at a loss due to faulty prices. Or, besides this problem, it is also possible to encounter other errors such as erroneous price entries and incorrect receipt amounts. Especially it is easy to say that services that are inexpensive and widely used give such errors intensively and are not mostly profit margins. If you want to use this service and get really good income, you need to do good research and pay a good price. Because expensive services are rarely used, they are not easily detected and do not make simple mistakes easily. Lastly, I would like to point out that the accounts using the bot can be played from time to time and can be used for pump operations.

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August 31, 2018, 06:24:51 PM
 #157

No. If this is true then all people must try for buy a bot so that they can make profit easily. If we do so then if there any manual trade can be seen? Can we make any lose if this bot work good or at least can take a challenge for sure profit? If we can make good profit through bot then what can be happen for trading platforms? Can they make profit from us? Imagine that all we use bot for sure profit and no lose expected. Is this possible for trading platforms to make profit if all trader can make profit at a time? Think about please.     
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August 31, 2018, 11:19:44 PM
 #158

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
It can be seen that the market in the current time is constantly fluctuating and difficult to predict, bitcoin knitting prices continue to adjust and are very strong. Therefore, I believe you should not use the bot to trade because of high risk, the bot can not be flexible in trading so I believe you will continue to suffer losses if using the bot.
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September 01, 2018, 04:42:10 AM
 #159

no I don't believe in some automatic bots to get instant profits without you doing anything, automatic bots in my opinion can only be used to predict the percentage of crypto values, and even then it's not always right
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September 01, 2018, 05:32:11 AM
 #160

I think it will be good to stay away from bot trading. Maybe they won't like my opinion who likes bot trading, so I am sorry to them who like to trade by Bot. But I won't suggest anyone use a bot for their trading mainly in the crypto market. Please study and trade yourself and be safe all the time.

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September 01, 2018, 05:50:16 AM
 #161

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
I think many use bot trading to help get more results.
bots can also help us trade when we are busy and the magic of bots is without emotion like human trafficking. but it all depends on each setting.
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September 02, 2018, 12:33:35 AM
 #162

I used to bots for Forex trading and I've to say that it's indeed reliable but when there's no financial crisis going on.. What's quite impossible to happen.
do you benefit from the forex robot and how much capital must be spent to be able to play forex robots, but if this is dangerous I might stop using forex robots
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September 02, 2018, 12:59:41 AM
 #163

Do not depend on bot. It makes you lose your sense. When you lose it, you can not predict what will happen. Always learn and try to trading by yourself. It's the key of success. Good luck!
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