Does auto trading bot make good profit ?

[Shogunisback]

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 ?

[1715156961]

1715156961

[davis196]

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

[Herbert2020]

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.

[0day]

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.

[bestluck]

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.

[eternalgloom]

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.

[JarBinks]

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.

[GermanFoobla]

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.

[amacar2]

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.

[Icathia]

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.

[JarBinks]

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

[RobinHoodster]

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...

[JarBinks]

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.

[siameze]

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.

[InsideBjorn]

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.

[Whosdaddy]

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.

[trsampaio]

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.

[Joel_Jantsen]

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.

[mrhelpful]

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.

[bitcoin revo]

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.

[n691309]

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.

[NyeFe]

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

[The_prodigy]

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..

[Altynbekova]

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!

[JarBinks]

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.

[CoinsRoyal]

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.

[Superways]

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.

[DashCoinDark]

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.

[Sampey]

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 

[Nimbulan]

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

[martinacar]

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...

[Sorrowfox]

Yes,Coz sometimes i do not have enough time just to look alt coin value was,So I Always Use auto trading bot.

[siameze]

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 

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

[SilverPunk]

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.

[iqlimasyadiqa]

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.

[Adrayrd]

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.

[socks435]

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..

[Nitroshock]

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.

[JarBinks]

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

[DashCoinDark]

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..

[DoublerHunter]

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.

[JarBinks]

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. 

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, 

[JarBinks]

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!!

[Sled]

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.

[sana54210]

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.

[Herbert2020]

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.

[beerlover]

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.

[JarBinks]

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.

[rekinthis]

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

[Nitroshock]

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

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, 

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.

[thend1949]

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

[hermanhs09]

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.

[CasioK]

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.

[Sampey]

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 

[patronis]

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.

[rekinthis]

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

[NyeFe]

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.

[a7mos]

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.

[BTCBinary]

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.

[Woshib]

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.

[pandalion98]

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.

[cookiemonster07]

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
 BTC

[usao]

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.

[AsaroUk]

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.

[Newcoins2020]

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.

[usao]

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.

[CraigWrightBTC]

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.

[RobinHoodster]

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.

[bitcoinisfurture]

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.

[buyinbtc]

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

[justdimin]

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.

[redsun114]

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.

[bitcoin-hunter]

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.

[HeroCat]

If you know, how to adjust it, then yes - you can make good profit. 

[bitcoinisfurture]

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?

[Daneric]

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.

[Dwelach]

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.

[DavidoAlto]

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.

[DomesticTrader]

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.

[darewaller]

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.

[Ethey]

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

[shinratensei_]

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

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.

[CryptoBuddha]

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

[DomesticTrader]

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.

[Sampey]

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 

[talkbitcoin]

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.

[Vikingr]

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

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.

[escrowboy]

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

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.

[waynechong1995]

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

[seattletu]

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.

[Lanatsa]

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.

[MoneyIsDebt]

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

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.

[musbeto]

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.

[bassong]

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.

[trecore4]

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.

[ss890]

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

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.

[PanGiMoon]

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

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

[BigBos]

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.

[oreits11]

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.

[arpon11]

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.

[TrueCryptonaire]

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

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.

[goodoboy]

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.

[hastag_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 ?

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.

[dsaijz03]

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.

[hazzy]

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

[za3toor]

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!!!

[trinhdinhthang20007]

Why are so many different opinions, good BOT still earn very stable words. BOT helps solve many problems in this volatile market.

[orka39]

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.

[Ryanpogi]

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 ..

[rysea2]

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.

[Arwinkim]

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.

[Miracleismyidol]

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.

[richardsNY]

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.

[royale143]

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

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.

[RakknRoll]

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.

[Tungsten-1]

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.

[Nhebu]

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.

[supine]

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.

[PacePay]

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.

[ForHorde666]

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.

[virtualkeybuyer]

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.

[margert]

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.

[Lanatsa]

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.

[bitcub]

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 ?

[damsix]

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!

[Idrisu]

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

[cryptoloverlife]

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.

[pinoyden]

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.

[abas_ir]

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.

[lanalang]

Trading bots can be insanely good, but also they can broke and loose all of your money (theoretically) I dont trust robots.

[Namal Harshana]

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

[ace4549]

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.

[canadianminer76]

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.

[tanjilrifat]

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.

[deus030518]

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. 

[HaydenKesteven]

of course. An automated trading platform generates good returns

[ghost14k]

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,

[Yramesor0]

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.

[Rhegar011]

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

[zanjerbits]

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.

[BogdanL]

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

[dzebidaya]

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!

[farosa]

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.

[kingkonjac]

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.

[irsykes]

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

[worldofcoins]

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.

[BogdanL]

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

[rose8963]

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.

[BogdanL]

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.

[richcorner100]

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.

[crzy]

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.

[leonix007]

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

[tanzaholzmann]

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

[BariaczRoni]

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

[BibitBot]

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]

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.

[Adrin]

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.     

[rose8963]

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.

[Polkadott]

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

[kakonhat]

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.

[noneedmoney]

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.

[tanzaholzmann]

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

[hoavantathan]

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!

[Husecomang]

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!

They are not really cheats. They do what you are supposed to do normally, but in this case, they do it without having any second thoughts or trying to see the nature of the market. They sell based on where you tell them to, and they buy based on how you have programmed them. The volatility of the market though makes one to get the best from bots but that is if you have a very sound strategy. Nevertheless, the same volatility can also mar sometimes, so it still depends on the market you are playing with.

[JeassonHunter]

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 ?

doing that one is not a good practise because is something me happen in that site your money will be lost, for now BNL has auto trading but few moments later that trading would not be paying anymore.

[Kadot amoh]

indeed trading can benefit you, trading can lead us to success, everyone will want to be a successful person, trading is the key to success,l love trading bitcoin

[bitbunnny]

It's simply incredible how people would like to profit without any effort at all and think that bot could help them with that.
But bots will not help you with that and they can't make work instead of you. Bots can't replace human mind, they can't make analysis, estimation and take decision instead of you.
So, don't rely on bots.

[chris200x9]

It's simply incredible how people would like to profit without any effort at all and think that bot could help them with that.
But bots will not help you with that and they can't make work instead of you. Bots can't replace human mind, they can't make analysis, estimation and take decision instead of you.
So, don't rely on bots.

You are right Bot's can perform based on how we write scripts. if you tryst bots then i think you will lose your money. we use bots to automate just for manual works that means what we do repeatedly that can be automated and it saves our time and money. according to me, it's not safe for trading.

[monster2]

I think it will depend only on the price of the market when you use trading bot as it will damage your profit when you buy altcoins at high prices and it will break down the price markets ang investors will control the price.

[apityeh71]

I think trading bot make open potition according to history of the price and trading volume of the coins,  and we can do that by manually.  I never try trading by use bot but i know that will be profitable or not usually depend on the quality and the price of that each bot.

[yonjitsu]

Auto trading is good because the ai knows which is good for your cryptocurrencies in your portfolio. So you are just letting the trading job done by this bot rather than doing it in your own. In that case, you need little amount of time in trading compared to manually doing it yourself but i don't really think it can give you a good profit compared to the former.

[Kira_lapa]

Use a bot to trade in the crypto currency market is a bad idea. Because technical analysis is not always successful, but good fundamental analysis helps more often. However, the bot will not perform a fundamental analysis, only technical.

[tbterryboy]

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

I have only used Gunbot once and I was pleased with it, but at the same time, I have never just been so comfortable with using bots and this made me to still do it myself anyway. Trading bots advantage though is that they are more like the aggressive ones without emotions and they only do what they have been programmed to do, whereas as humans sometimes, you may want to be using your discretion in most cases before making a trade.

[doomistake]

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 ?

Trading is not for lazy people, using bot could not guarantee you that you are going to make profits with that, it could be the worst case scenario that might happen. The biggest question is why bother using bot if you could Trade by yourself, using your own technique or knowledge is more reliable in my opinion that those bots out there, also, you will look like a fool if you are going to blame a bot if you lose your profits because of it.

Bots are not that bad in some cases like in gambling, most of my friends are using bot in gambling so that they could multitasking to earn more money and it is effective, but not in Trading.

[arpon11]

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

This is what I have been telling people.  Trading should be looked at as a game of skills and you have to developed that before venture into it.  I should just relate trading as a normal business we do.  You will perform better by applying your knowledge instead of allowing another objects to makes the trading decision for you.

[3acaga]

Sometimes a bot can earn you a profit, but it rarely happens, and on a very stable currency.
And such currencies in the cryptographic unit (if not to say that does not exist at all) and it will be difficult for you to lie on the couch hoping for a permanent and stable income.

[healthcarep]

trading is simplest proper if you have a very big bankroll and you are having a bet on low payouts. For istance, if you have a bankroll of lets say 10 btc, it will likely be keep to bet on payouts of X1.2, X1.3or even X1.1 with a base wager of a thousand satoshis. With this, you may select a favourable multiplier on loss so that you recover fast after a loss.

[EXtremeAEX]

No, using a trading bot is a bad idea. It will only bring you losses. There is no magic bot that will make money for you. Only you can do (or not do) this with your mind. A bot is needed when you need to automate your actions. But you must clearly understand what you need to do and in what situation you run the bot. So what you really need is good knowledge and practice. Don't look for an easy way to take profit and improve the quality of your life look for the right way.

[liseff3]

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 some beginners trading is a scary activity, not a few of them are dogged by anxiety when doing it. Bots will help you start in the right direction, but of course it will depend on the language you plan to write your bot. To automate the trading process you can make CRON tasks that can run every x minutes, x hours, etc. But that depends on the development environment and your technical requirements. PHP to write code With that you can access market data and trade in bitcoin, and altcoins with lots of crypto currency exchanges. If not mistaken, building a trading bot that interacts with the exchange's very similar to the interaction with other quiet APIs.

[Yusuf_Jay]

Personally, I have never tried it. But my friend who has been trading for a long time say that Yes, trading bots automatically generate good profits, they can do it, but only if you know how to use it, he said.

Bots are not for beginners, but if you have the time and patience to learn, you can make more money than just trying to trade yourself, he added.

[TheReverend]

I don't know, if many people use trading bots of course the results will fall apart.
so if you want still try, go buy bot, that like a gambler i guess.

[BigTeeths]

Trading bots does not really work. The owner or creator of these bots just hired people or fake traders to make outstanding reviews. I have never heard a bunch of traders thanking trading bots for their fortune. Just do it by yourself because your own experience is more valuable than what you pay them.

[Tellek Garing]

in my opinion it must have results but all of them remain to how he runs the bot and indeed everything will look good but still someone has to monitor it all the time because that determines the outcome

[AdamRay]

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 never tried trading or discussing with Bot but I guess it is not a good thing for you. I think that good investment should only be based on your analysis. If you are lazy and do not want to think about trading methods, you will always fail.

[Affilate User]

I don't think that all bot trading can provide very many benefits, there are some bots that make mistakes and suffer some losses so I suggest you can avoid auto trading.

[sherwinsamsung]

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 trading bots can make profits little by little on normal days.  under extreme spike conditions, bots cannot give a stable prifit, it may give you big profit or big loses. bkts are best used for high volume markets like bitcoin.

[Luckym7]

Sometimes but not for always I think. Because if a bot can make a good profit then everybody try for use auto trading bot. But in reality many people does not want to use a trading bot. They use general knowledge and want to use their brain instead of buying a trading bot. There is no end of learning. So you need to decide if you want to buy a robot or not.

[kryaken]

It depends on what you mean by "good profit". You will never buy deeps and sell tops manually, so it would be not wise to expect same from trading bot.
I am working on one for a while, my approach is transparency - you can see all orders and results, they are posted to telegram channel https://t.me/kryakenbot

Currently I added antiflat algorythm and its still being tested, but looks like at current market condition its even more efficient than manual trading, as right now there are no huge swings to ride.

[Victorycoin]

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.

I think your assertion is unfounded. Bots are automated codes of instructions and if built upon a formidable trading strategy, would likely not be found wanting in profit making. The markets most not be manipulated before a not could make an impact through it's exigent to add here that use of a not can never be a substitute for learning and knowing to trade by ourselves.

[Febriana98]

I've heard of people who bought $ 25,000 worth of Trading Bots to get profit 3 times from the capital, but not just anyone who can buy and use the Bot, there are terms and conditions that must be fulfilled.
I have tried cheap trading bots, but the advantages and disadvantages that I get differ slightly  . so if you want big profits you should buy expensive Trading Bot so that the profits you get can be high.

[coffigayo]

In my opinion, it's not a good idea to make good profits because they are only programmed to do things they need to do. If you have knowledge of how you have to use it, it will definitely benefit you.

[Woodstown]

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.

Many guys i've talked to who tried to trade finally had got their amount less from the beginning value no matter how hard and for how long did they learn. I think in that case the trading robot that will not bring you losses is better than non-profitable manual trading.
Does anyone heard about Spy-FX trading robot? It offers a quite big percent.

[Victorycoin]

In my opinion, it's not a good idea to make good profits because they are only programmed to do things they need to do. If you have knowledge of how you have to use it, it will definitely benefit you.

I do not use auto trading bot as I do not think it can give us a good profit, to make good profit w have to gather proper knowledge about trading and make trade manually which can make us perfect trader.

[katerina5643]

In my opinion, it's not a good idea to make good profits because they are only programmed to do things they need to do. If you have knowledge of how you have to use it, it will definitely benefit you.

I do not use auto trading bot as I do not think it can give us a good profit, to make good profit w have to gather proper knowledge about trading and make trade manually which can make us perfect trader.

I think it's not so good idea to use auto trading bot because there's no confidence that it's updated.First of all you should rely on yourself. Just develope your trading skills andd everything will be alright. Btw if you want start trading and do not know where to start i'd strongly recommend you to use Monfex.They have 20X leverage and the ability to go long and short on 12 coins.

[Aaronpp]

Its effectiveness is absolute, with a good previous configuration and a reliable broker the profits will be considerable depending on whether the market allows it but on the other hand getting a trusted broker is the most complicated because the vast majority of those you can get on the market do not seek the benefit of the contractor, their goal is to get as much money out of them as possible by completely condemning the big losses, plus they have to add up their high commissions per move made, These factors leave the users who contract these services in total ruin and for this reason few risk to contract an automatic service.

[Crypto Denada]

That surely depends on your logic. I built my own bots, with different logics (Arbitraging, sentiment analysis, TA, etc), some worked for a while, some didn't, but yes some of the bots made me some profits for a few months

[cruet criet]

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 am not sure to go through an automated trading bot, and I suggest not through trading to run a bot, later you regret it

[cheezcarls]

I would highly say no to those bots. These automated trading bots are not perfect, and they’re making mistakes and errors too. It means I don’t trust these bots once and for all, if we’re after the profits.

However, if there’s a copy trading platform like Etoro that is more on cryptocurrency trading, that would be good as long we pick a nice trader to copy with.

But for now, it’s better for us to learn the basics of cryptocurrency trading until we scale and level up our skills. There are lots of Youtube videos you can find about profiting on cryptocurrency trading.

[Ms_Arc]

I dont think automatic bot can take profit.  . Why do you have this idea?

[Ms_Arc]

Trading bots does not really work. The owner or creator of these bots just hired people or fake traders to make outstanding reviews. I have never heard a bunch of traders thanking trading bots for their fortune. Just do it by yourself because your own experience is more valuable than what you pay them.

I completely agree with you. I have seen some people who sell automatic bot with fake proof, use outstanding reviews and I have also seen some traders use them and lose all money. So don't believe in automatic bot too much, just use them to support for trading, that's enough.

[Polar91]

I dont think automatic bot can take profit.  . Why do you have this idea?

It can however it's not too reliable and your profit couldn't be maximize at the same time. Unlike in manual trading, you can really apply various technique and you can do it by your own terms. This is the reason why I'm nog always interested in bot trading.

[dat.ho12492]

I would highly say no to those bots. These automated trading bots are not perfect, and they’re making mistakes and errors too. It means I don’t trust these bots once and for all, if we’re after the profits.

However, if there’s a copy trading platform like Etoro that is more on cryptocurrency trading, that would be good as long we pick a nice trader to copy with.

But for now, it’s better for us to learn the basics of cryptocurrency trading until we scale and level up our skills. There are lots of Youtube videos you can find about profiting on cryptocurrency trading.

Almost all experienced people say no to trading bots because they have experimented a few times with bots, even participating in communities related to this tool, the results are quite good but somewhere, this tool is still limited, sometimes it will appear a lot of errors, and trading is a job that does not allow many mistakes. And trading bot seems to be rejected by many people, myself, I'm not too interested in trading bot when I always believe that human skills are better than those programmed and designed.

[Jating]

I dont think automatic bot can take profit.  . Why do you have this idea?

It can however it's not too reliable and your profit couldn't be maximize at the same time. Unlike in manual trading, you can really apply various technique and you can do it by your own terms. This is the reason why I'm nog always interested in bot trading.

We also have to understand that after all, it's just a bot, is still needs human intervention to facilitate everything. Now, if you don't have any experience in doing manual trading, then how can you successful set all the parameters in order to maximise your profits?

That is why at least we need some experience before getting our hands on any trading bots. Most bots are far more advance now, and its very difficult to adjust the parameters yourself if you lack the needed experience. Yes, trial and error, but it will cost you lots of money in the beginning. So it's better to learn some basics to mid level knowledge before trying a trading bot, in my opinion.

[pinkpanther03]

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 ?

First, if that is true for sure all traders now are not doing anything but to sit and relax while monitoring the bot they use and waiting for their earnings. But unfortunately it is not precisely giving 100% profit. So, it is still good to base our idea in own understanding in trading, in short it is good to use our own technical analysis dude.

[shulc7]

That surely depends on your logic. I built my own bots, with different logics (Arbitraging, sentiment analysis, TA, etc), some worked for a while, some didn't, but yes some of the bots made me some profits for a few months

Cool. I have heard about guys, who make different bots and get benefits from them but I never tried it. I agree that auto trading can be a risky thing, but it works well for people, who have a main job and do not have too much time to make pairs and go through long and difficult calculations, technical analysis and whatnot. Bots simply make the work of traders easier.

[Nellayar]

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.

I do not use trading bots because I have a fundamental knowledge in trading and I do not need trading bots specially bots are sometimes hassle to use. And trading bots is not reliable because they are AI only. Many of my friends are also using bots but they lose a lot of capital in trading. We need to learn in trading and do not depend only in bots.

[richard7777777]

Think about this.

You create a bot and put a lot of effort in it.
You test it and you notice it make you a good profit.
Why should you share it with others, knowing that the strategy you put in the bot, most likely will have profit decline's once too many users, start using the bot?

There are a few kind of bots. The bots what makes automated trading, based on technical indicators.
You can tweak this and often backtest it. However once you tweak a system it's more like wishful thinking. You tweak based on data from the past, optimize it so it gives you the best parameters,  based on the past.
So now you think you've found the holy grail and start to trade with a live account.
But it seems it doesn't work that well, so you tweak again, and again it doesn't work as expected.
Bottom line, these kind of bots barely make you any money.

THere are also bots based on

• AI algorithms  (you can find 1000's of them in https://www.quantconnect.com)
• social media events
• telegram groups
• event bots

and the list goes on and on. Some of these bots might give you nice profits, but you won't find the money making machine here either.

bottom line is that barely nobody is willing to give or sell you their secret of a real profit making bot.

[Dr.Osh]

I have never used bots in trading matters, but I think people will always change the bot scripts that they make to adjust the price increases and decreases at certain times. my advice, if you want to trade, do not use bots, because it requires special attention, and when you leave it, it can be lost. meanwhile, trading manually will increase your skills and the way you look for information. it's better than looking for a new bot script when the old one can't be used, other than that, I don't want to hang my hopes on a script.

[Jan from Acai.dev]

As some pointed out already, generally speaking bots are made to save you time, not generate huge profits. Anyways, I thought I could share a flowchart I made about bots, take it with a grain of salt

https://twitter.com/acai_ai/status/1215010669877252097

[Shasha80]

Trading bot is only used by traders who have the ability and experience, because trading bot does not run by itself. Must be set
by the owner. And if the owner does not have good trading skills, it will be very dangerous. So in my opinion, avoid using trading bots.
Better to do trading manually is more profitable, don't be lazy to do analysis and practice. And also don't ever stop learning knowledge
of trading, continue to educate ourselves. That way is better than using trading bots.

[nydiacaskey01]

It depends on the settings applied by the bot owner or users. Keep in mind that Bit will not choose the right coin for you to buy, its still the user who will select that. Its also the user who will enter the right settings, meaning user will set the right timing when the bot will buy or sell the coin that the user selected. With all this in mind, this means Bot will act only based on the commands of the user. The advantage of having a bot is if you have not much time to trade, Bot will do that for you minus the emotions or FOMO.

[coin_1122]

As some pointed out already, generally speaking bots are made to save you time, not generate huge profits. Anyways, I thought I could share a flowchart I made about bots, take it with a grain of salt

https://twitter.com/acai_ai/status/1215010669877252097

I have tried many times through Bots which leads to losing my money even though I have predicted rightly. The current situation of the market is completely downtrend which always the price of altcoins kept decreasing, which this makes most of the people who are using bots are losing their money. Based on the market situation we have to use the bots.

[Savemore]

There are people who say yes and there are people who say no but one thing is sure trading bots are not holy grail where we can guarantee our profit. There are now many articles in the internet saying trading bots suck and it is better if they will trade on their own. The image of trading bots are now tarnished because of the losses that traders are keep experiencing but for me it is their own fault, if they did not use trading bots then they will avoid major losses.

[Karmakid]

Auto trading bot makes good profit if you have a good strategy to program with it. It always depend on the commands or codes that you will right with it. I know a lot of people that are profiting from their trading bots but I am still hesitating to try it because I know that it is still better to do manual trading because it will help me to learn more.

[iv4n]

There are people who say yes and there are people who say no but one thing is sure trading bots are not holy grail where we can guarantee our profit. There are now many articles in the internet saying trading bots suck and it is better if they will trade on their own. The image of trading bots are now tarnished because of the losses that traders are keep experiencing but for me it is their own fault, if they did not use trading bots then they will avoid major losses.

People have different experience, and that is a normal thing. Think about auto trading as auto dice betting, just trading bot is more complicated than dice bot, in every way. Even thou there are some advanced dice bots, I didn't come up on any special one, I tried couple trading bots but without big success. I think that bots are holy grail among people, people would like to find a perfect one and to get passive income from that, but I think just 1 in 100 manage to make profit in the long term with any kind of bot.

[Wipeout2097]

As we all know this is era of Artificial intelligence (AI),I t is possible that Bot can do trading but these trading bots are in testing and initially stage.It will take a time to get a trustworthy and winning bot generations.

Till now no one bot available do always winning trade for you,claimed by I.Q option authorities. It is better to improve more knowledge about trading and get education from different platforms like BITCOINTALK,Rather waitnig for bots.

[bettercrypto]

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 case that auto trading is good, but most of the time I do not trust with it. Instead, I am studying a lot for my trades so that I never regret with my execution. It is not good to depend our trades only in bot because there is no assurance that it will make profits. As we know that no one ever predicted the price of bitcoin correctly.

[tungaqhd]

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 trading bots can make some good benefits, however it can only do what it is programmed (your strategy) so it won't trade better than you. Many bot contain virus or malware so i think you shouldn't use it.

[zeingrind777]

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 ?

Trading bots are not very good. Automatic trading bots are only programmed to execute orders such as buy or sell and place Stop Loss exactly as the program formula. Trading bots are also less able to adjust to certain market conditions because basically the way of thinking of trading robots is designed linearly, while at the time of news release the movements move fluctuated and randomly.

[Linkkoin]

Trading bots are not very good. Automatic trading bots are only programmed to execute orders such as buy or sell and place Stop Loss exactly as the program formula. Trading bots are also less able to adjust to certain market conditions because basically the way of thinking of trading robots is designed linearly, while at the time of news release the movements move fluctuated and randomly.

Some of this issues can be potentially addressed by quantum computers. Of course not in the next 4-5 years but in more or less foreseeable future.

[Colt81]

To be honest, automated trading bots are only good for managing your portfolio's while you are away or you don't have any time to trade, but trading bots will definitely will not help you to make a successful trade, that is why it is still better if you just trade by yourself because it is still an effecient way for you to make a huge profit.

[wxxyrqa]

To be honest, automated trading bots are only good for managing your portfolio's while you are away or you don't have any time to trade, but trading bots will definitely will not help you to make a successful trade, that is why it is still better if you just trade by yourself because it is still an effecient way for you to make a huge profit.

Until recently, I was very negative about trading bots in general.  My opinion was formed due to reviews that negatively characterized the results of the trading bots.  But the fact is that I have very little time left for trading cryptocurrency and I would like to at least slightly facilitate my activity with the help of trading bots.  Most likely I will follow the example of some users who use trading programs to trade cryptocurrency, but only partially replacing their activities.  I hope that with close monitoring, the results will be good.

[FLoving]

To be honest, automated trading bots are only good for managing your portfolio's while you are away or you don't have any time to trade, but trading bots will definitely will not help you to make a successful trade, that is why it is still better if you just trade by yourself because it is still an effecient way for you to make a huge profit.

I have discussed this matter with a number of traders who are doing trade with bots and according to them with bots they are feeling well at normal times and are also making some money with the help of bot trade but sometimes a sudden high change in price make a trouble for these bots as they cannot think that why a change occurred and if the time is not to invest there the bot often invest.

[reallester]

It's not a bad thing to use bot in your trading. In fact,  it's very profitable  to use bots. Using bots to trade notes rise and fall in Cryptocurrencies.

[DevilSlayer]

Trading bot can give you profit and also losses, there is no perfect trading bot where we can guarantee all of our trades to win. The cryptocurrencies are too volatile, there are times that we cannot avoid losses. If we found a trading bot saying 100% winning rate, it is simply a scam because there is no both such existing like that. We should only use trading bots if it is effective to us but if it is not effective then we should ignore it.

[adroitful_one]

To be honest, automated trading bots are only good for managing your portfolio's while you are away or you don't have any time to trade, but trading bots will definitely will not help you to make a successful trade, that is why it is still better if you just trade by yourself because it is still an effecient way for you to make a huge profit.

I have discussed this matter with a number of traders who are doing trade with bots and according to them with bots they are feeling well at normal times and are also making some money with the help of bot trade but sometimes a sudden high change in price make a trouble for these bots as they cannot think that why a change occurred and if the time is not to invest there the bot often invest.

It has been my experience that the opposite of that is true, at least with the algorithms I have run on Gekko. It seems like the bots tend to buy in at the right time. However, whenever it comes to picking the right time to sell, they really have issues. They'll all sell during a bull run too early and during a bear run they tend to hold onto the coin too long. There may be something in the settings somewhere to where I could tweak this. But, I haven't found it yet.

[Bezobraznike]

   I never tried auto trading bot! Every time I saw people discussing about that half says it's good, other half says it's bad. I don't
like to risk too much, and looks like trading bot is a very risky investment.
   Can someone with experience in using trading bots sum up everything that newbie should know about trading bots. I can't find
any conclusions about this matter. Thanks in advance for any answer, I hope that can help me in making decision to invest in
trading bot or not!

[Gheka]

   I never tried auto trading bot! Every time I saw people discussing about that half says it's good, other half says it's bad. I don't
like to risk too much, and looks like trading bot is a very risky investment.
   Can someone with experience in using trading bots sum up everything that newbie should know about trading bots. I can't find
any conclusions about this matter. Thanks in advance for any answer, I hope that can help me in making decision to invest in
trading bot or not!

First, we need to ask a question to ourselves, whether we trust our skills more or we believe in the working of computer systems, and maybe there will always be two different perspectives, one will trust the machine more, the other will trust their skills but surely, people will feel more reliable when they rely on their skills. Because machines, automated devices are not god, they will make mistakes and cannot be easily repaired, auto bot trading is such a system, it has strengths and weaknesses but it certainly won't be comparable with our intellect

[adroitful_one]

   I never tried auto trading bot! Every time I saw people discussing about that half says it's good, other half says it's bad. I don't
like to risk too much, and looks like trading bot is a very risky investment.
   Can someone with experience in using trading bots sum up everything that newbie should know about trading bots. I can't find
any conclusions about this matter. Thanks in advance for any answer, I hope that can help me in making decision to invest in
trading bot or not!

I would suggest you set up Gekko. Google Gekko trading bot and you'll see it's a completely free bot implementation with a lot of different trading algorithms you can play around with. Plus, it even has a live paper trader so you don't have to invest anything at all just to watch it work live. It also has a backtest feature where you can backtest the algorithm you're running for as far back as you would like. It's fun to play around with and it doesn't cost you anything to get started if you don't want to risk anything.

[Bezobraznike]

   I never tried auto trading bot! Every time I saw people discussing about that half says it's good, other half says it's bad. I don't
like to risk too much, and looks like trading bot is a very risky investment.
   Can someone with experience in using trading bots sum up everything that newbie should know about trading bots. I can't find
any conclusions about this matter. Thanks in advance for any answer, I hope that can help me in making decision to invest in
trading bot or not!

I would suggest you set up Gekko. Google Gekko trading bot and you'll see it's a completely free bot implementation with a lot of different trading algorithms you can play around with. Plus, it even has a live paper trader so you don't have to invest anything at all just to watch it work live. It also has a backtest feature where you can backtest the algorithm you're running for as far back as you would like. It's fun to play around with and it doesn't cost you anything to get started if you don't want to risk anything.

   I will try Gekko only because you explained what is Gekko all about. It's free, you don't need to invest anything, I like that
because I don't like to invest in something I don't know nothing about. I will download it and try it, I will have fun and I will
learn something new.
   Adroitful_one thanks a lot for sharing this with us, and thank you even more for this nice explanation! Wish you all the best.

[Sonu_titu]

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 ?

Previously I had a belief that I should trust only the bots developed on my strategy. As I had some bad experience in past relaying on others strategy bots. But, past one week I am using a bot which is managed through telegram. Only thing I need to do is share my API. I am still testing it so, doing with too less funds and also not suggesting the bot to others. Once My testing is over I would be able to answer is it worth or not.

But, till now the bot bets are in profit. Testing is under progress.

[adroitful_one]

   I never tried auto trading bot! Every time I saw people discussing about that half says it's good, other half says it's bad. I don't
like to risk too much, and looks like trading bot is a very risky investment.
   Can someone with experience in using trading bots sum up everything that newbie should know about trading bots. I can't find
any conclusions about this matter. Thanks in advance for any answer, I hope that can help me in making decision to invest in
trading bot or not!

I would suggest you set up Gekko. Google Gekko trading bot and you'll see it's a completely free bot implementation with a lot of different trading algorithms you can play around with. Plus, it even has a live paper trader so you don't have to invest anything at all just to watch it work live. It also has a backtest feature where you can backtest the algorithm you're running for as far back as you would like. It's fun to play around with and it doesn't cost you anything to get started if you don't want to risk anything.

   I will try Gekko only because you explained what is Gekko all about. It's free, you don't need to invest anything, I like that
because I don't like to invest in something I don't know nothing about. I will download it and try it, I will have fun and I will
learn something new.
   Adroitful_one thanks a lot for sharing this with us, and thank you even more for this nice explanation! Wish you all the best.

No problem! The thing with Gekko is that there is so many different algorithms to use on so many different crypto pairs that you will be playing with it all the time trying to figure out what makes the best profits. You could be trading BTC/USD this week and next week be trading something completely out of the ordinary. It should keep you entertained running backtests on a bunch of different pairs for a little while. It's fun to play with

[Sadlife]

Bots with good algorithms or trading strategies are profitable especially when you build it yourself because you can always update the code if you wanna add some new strategies. Also if you dont want to build it and want it ready made you could try this specific bots for free. Some of them have trial periods and also some features are disabled in free trial, use it at your own risk i would not be responsible for anything.
Bots are Cryptohopper, 3commas, Zignaly.

[rijaljun]

It's not a bad thing to use bot in your trading. In fact,  it's very profitable  to use bots. Using bots to trade notes rise and fall in Cryptocurrencies.

You aren't totally wrong, just forgot add more things like bots can't also make you lose in trading. It could give you profit but it can't really learn things, can't changes its strategies, that would lead you to get loss. As long as you can't control it, you should be okay.

Bots are fast in executing trades but human are smarter and wiser in taking decision. So, stay careful in using bot for your trading.

[Pinkris128]

To be honest, trading bots are just computer programs that automatically buy and sell various of cryptocurrency at the right time, but most trading bots are not profitable, that is why most traders still trades manually because it is still the most effective to earn good profit in trading even you always experience losses. Trading bots are also good in managing all of your trades whenever you are not at home.

[patyomnes]

KRYLL.IO is not just committed to helping traders achieve automated crypto trading but it also aims to provide those services while ensuring that traders enjoy the highest level of security. This is why the platform created a bounty program with the help of HackerOne to seek out bugs in the platform or vulnerabilities. Participants in the bounty program are rewarded with $KRL tokens. The latter is the native token for the KRYLL.IO platform and this approach of incentivizing security makes it one of the most secure trading platforms out there. It gives programmers and security experts a chance to earn money through the platform through a crowdsourced approach to ensuring that the platform is highly secure.

[Latviand]

IMO, The answer to your question is no.

In automated trading, it is not guaranteed to use an auto trading bot if you want to have an extreme amount of profits.

Manual trading is really much better because you have a full control about your trading and strategy. Plus, you can also know how trading really works so that you can adapt depending on the situation in the market. Don't rely on those auto trading bot that exists in some platforms.

But my friend once told me to try Cryptohopper, but until now, I didn't have any idea how it works, so you can try it if you have some time.

[MCobian]

Of course automated trading bots can generate good profits, that's why some advanced users use them. But for newbies it is
recommended to avoid using trading bots, because using trading bots is not as easy as imagined as well does not guarantee
100% profitable. It requires considerable trading experience and skills in setting up trading bots. Due to a small mistake when
setting up a trading bot, it can result in us losing all the capital we have. There are several recommended trading bots including
3commas, TradeSanta, Cryptohopper and Zignaly.

[DevilSlayer]

IMO, The answer to your question is no.

In automated trading, it is not guaranteed to use an auto trading bot if you want to have an extreme amount of profits.

Manual trading is really much better because you have a full control about your trading and strategy. Plus, you can also know how trading really works so that you can adapt depending on the situation in the market. Don't rely on those auto trading bot that exists in some platforms.

But my friend once told me to try Cryptohopper, but until now, I didn't have any idea how it works, so you can try it if you have some time.

There is still misunderstanding about trading bots because there are some investors and traders think they can earn passively through trading bots where they think the profit is guaranteed. Actually, there are a lot of people who lose money because of trading bots and regretted it because they also paid for it. For those who want earn consistently in trading, forget trading bots and focus on how to trade by yourself.

[pragna]

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 ?

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

  Yes i also think so. Basically trading is learning point of a successful trader. But if anybody use bot he has to depends on boting system forever but his learning would not happen. Personally i dislike it because it makes disturb in trading place for others basically for newbies. So my suggestion is make manual trade by your own research to that gradually you will be more successful man in trading day by day.

thanks.

[shawonngp]

It's a big mistake to try. Since no one knows what the future strategy of Bitcoin will be at any time, will the price go up or down? So how would a bot make a trade for you in this situation? Try to give some time to your trade so that you are able to earn a good amount by knowing the details of Bitcoin knowingly.

[carlfebz2]

It's a big mistake to try. Since no one knows what the future strategy of Bitcoin will be at any time, will the price go up or down? So how would a bot make a trade for you in this situation? Try to give some time to your trade so that you are able to earn a good amount by knowing the details of Bitcoin knowingly.

A bot doesnt really have its own action when a certain event do happen.It all matters on how its being set by the user itself.It will really just follow on whats being mandated or whats being ordered to do so.

People do have always that misconception towards trading bot which they do believe that this thing would do the job and hope that it can really make money for them in the end of the day.

It all matters on how you do set it up and it do requires knowledge from us users where it means that profits to be generated will vary on how your settings or trading strategy do works
in spite of unpredictable moving prices.

Just dont make some false hopes that bot are working on this way because it will just frustrate you.

[BuNga_cute]

Maybe it depends on how we use the trading bot, because the trading bot doesn't run automatically on its own. Must be set first
and must be updated regularly to be able to get profit. For me trading bots can't make a good profit, maybe because I can't do
the settings properly. So I often experience losses when using trading bots, even my capital runs out. That's why I prefer manual
trading only.

[mrkfdr]

What is considered to be a good profit ?
5% a month ? is good for a bot ?

[Kong Hey Pakboy]

Maybe it depends on how we use the trading bot, because the trading bot doesn't run automatically on its own. Must be set first
and must be updated regularly to be able to get profit. For me trading bots can't make a good profit, maybe because I can't do
the settings properly. So I often experience losses when using trading bots, even my capital runs out. That's why I prefer manual
trading only.

Automated trading bots definitely will not help make a good profit because it is only a computer program that will help you buy and sell cryptocurrencies at the right time, so it won't help you make a successful trade. Trading bots are only good at managing your portfolios while you are away and not wasting a lot of time; that is why manual trading is still the best way to make a successful trade.

[Salauddin1994]

Auto trading bots never make a good profit it always puts you at risk they can't hold the market's caucuses properly it would be your biggest mistake to trade using bots the situation will become more complicated. Therefore it is better to trade by researching the market yourself it will increase the knowledge skills and trading strategies can be followed very easily the risk of loss will be less.

[DeadCoin]

Maybe it depends on how we use the trading bot, because the trading bot doesn't run automatically on its own. Must be set first
and must be updated regularly to be able to get profit. For me trading bots can't make a good profit, maybe because I can't do
the settings properly. So I often experience losses when using trading bots, even my capital runs out. That's why I prefer manual
trading only.

Aside from that, even the trading bot is a hassle movement, on the spot you are extremely showing your return and the total profits like for example the auto trading bot it is also good benefits to anyone who needs experience even though it is not safe. Perhaps more people said that this is not applicable but I saw a good impact on many selected traders that accept this lifestyle.

[Eureka_07]

<snip> Therefore it is better to trade by researching the market yourself it will increase the knowledge skills and trading strategies can be followed very easily the risk of loss will be less.

Well, there are bots that are just functions as what you wished to them to do.
They will not buy or sell coin(s) if you did not set it for them.
This is automated and needed your lost or gain, you set where you will be buying and selling it.
It's purpose is to have you order again without the need of you being there for that particular order.
Bots doesn't always have to be self automated, there are some that needs you to set, where you prefer to buy/sell.

[imstillthebest]

What is considered to be a good profit ?
5% a month ? is good for a bot ?

5 percent for profit for a month is small  . i dont have a high standards but that is my first impression before i qoute your post but if your a beginner and you dont trade big , 5 percent can be decent and i forgot that you are using a bot .

 bot can automate trade , you dont exert your own physical force to earn that amount . thats much better and there are traders out there that find it hard to earn and they dont use bots yet  . humans can act more efficient than bots but that costs us our own energy 

[shield132]

First of all, bots can't read and analyze news that's written on news websites. Every news, including political and others, may have a huge impact on the price of the currency you trade with. Bots can analyze charts and other mathematical things without mistakes but that's not only the trading. Also, after all, you need some luck. Trading and luck stand together.
And then, there is another alternative which I would call again auto trading without bot. You can register on eToro and pick the trader you wish and follow them. I didn't have experience with it and personally I don't like if I follow someone's decisions but I think it will be better than just turning on bots.

[krisvlas]

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 ?

Hi! I'm using TradeSanta bot. My best pair is bnb/usdt. Min order value is 10usdt so each order is 11.00 usdt. I use five extra orders.
With 0.35 extra order setting. (Long bot). Only use bollinger signal. HOWEVER, the key is to reinvest your profit into the bot every couple of good days. So your fixed order values gradually increase. Then once I made 10 or more usdt in profit I cash in the profit and start again.

Here is the platofrm - https://tradesanta.com/en

[hridoyb]

I never use bot for trading.I am trading always normally and manual so i have no idea about it. If you used bot properly get some profit from the trade. But I recommended to always try to trade manually

[Quidat]

I never use bot for trading.I am trading always normally and manual so i have no idea about it. If you used bot properly get some profit from the trade. But I recommended to always try to trade manually

Bots are just create for automation of trades but people do really believe that it can make money for them which had been said above same by other member of this forum.
Its for automation but people do make it too far to believe that this is some sort of advantage compared to those who do make manual trades but the truth is, that do still requires
traders knowledge for it to be effective.
If you set it out good and effective then it will be profitable but we know that market do change so we need to fickle it up again until it will show up some greens.

[sambuddha]

Maybe it depends on how we use the trading bot, because the trading bot doesn't run automatically on its own. Must be set first
and must be updated regularly to be able to get profit. For me trading bots can't make a good profit, maybe because I can't do
the settings properly. So I often experience losses when using trading bots, even my capital runs out. That's why I prefer manual
trading only.

I would recommend the ZenBot trading bot. It's an open source platform that supports a wide range of exchanges including Bitfinex, Bitstamp, Poloniex and Kraken. But there is always a risk of losing your money. This must always be remembered.

[DrG]

5% monthly gain for the possibility of losing your basis of whatever you have on the exchange? Considering the lax security around most of the exchanges it doesn't seem worth it to expose your coins to a hack/exchange closure if you're using automated trading. You can probably go years without having an event happen, but when it does it will most likely erase your gains and then some.

[TopT3ns]

5% monthly gain for the possibility of losing your basis of whatever you have on the exchange? Considering the lax security around most of the exchanges it doesn't seem worth it to expose your coins to a hack/exchange closure if you're using automated trading. You can probably go years without having an event happen, but when it does it will most likely erase your gains and then some.

When using a trading bot I think it will be terrible because there is activity by a third party that can find out your assets by inserting some unknown scripts so that your assets can be taken by third parties, that is the most terrible risk, so in my opinion don't think too much about profits but think about the capital used.

[Xinarae*]

The risk is higher when trading using bots do not use bots when trading. I like to trade manually but in the case of those who have a good idea about bots there is a high profit in trading through the use of bots In the case of big business trading is very profitable. More risk in the case of newcomers they do not understand the correct concept of bots. Using bots will depend entirely on the boss himself trading is much easier if you know the proper use of bots.

[DrG]

5% monthly gain for the possibility of losing your basis of whatever you have on the exchange? Considering the lax security around most of the exchanges it doesn't seem worth it to expose your coins to a hack/exchange closure if you're using automated trading. You can probably go years without having an event happen, but when it does it will most likely erase your gains and then some.

When using a trading bot I think it will be terrible because there is activity by a third party that can find out your assets by inserting some unknown scripts so that your assets can be taken by third parties, that is the most terrible risk, so in my opinion don't think too much about profits but think about the capital used.

Well anybody who is using closed source software that they haven't commissioned for their own use is just asking to lose their stuff. There are open source trading bots available that have been vetted by the community and you can compile it yourself, but that will still not remove the risk of keeping your assets on a centralized exchange while you're not actively engaged in interacting with your funds. That's the single greatest risk with this endeavor. Of course there's chance the bot malfunctions or runs into an unanticipated error and makes bad trades.

[jemimah_f3]

I don't trust my money to any bots, trading algorithms change often so chances that you may lose are very high. It's better to get knowledge and experience yourself. If bots were so profitable and reliable everybody would've been millionaire already lol.

[1GUARDIAN]

Automated trading is able to give normal profit only if the market is growing steadily, in this case, if the bots have a trading program designed for growth, then this can actually give a good profit.

Or vice versa, if the market is steadily falling in price and if the bots are set to trade during the fall, then the income can also be consistently high.

But there is a small but significant nuance - since the market is unpredictable, bots need to be constantly controlled, directing them in the right direction.

Otherwise, they will trade and create big losses for you.

[pankowri]

I don't think so. Just imagine, if you set a machine then it is giving you a certain amount of profit after a certain period. If it happens then everyone will take this advantage and who will lose? I can not understand the mechanism though.

By the way, bot trading exchanges are too annoying for me to use. Because those exchanges give us the fake volume. So I don't think that bot trading makes a good profit actually.

[DarkDays]

Maybe it depends on how we use the trading bot, because the trading bot doesn't run automatically on its own. Must be set first
and must be updated regularly to be able to get profit. For me trading bots can't make a good profit, maybe because I can't do
the settings properly. So I often experience losses when using trading bots, even my capital runs out. That's why I prefer manual
trading only.

I would recommend the ZenBot trading bot. It's an open source platform that supports a wide range of exchanges including Bitfinex, Bitstamp, Poloniex and Kraken. But there is always a risk of losing your money. This must always be remembered.

The above advice must not be underestimated. While some people think that bots can save you thousands by the same principles it can also lose you in the same level.

Whether you get good profit or not depends on what you define it as i.e. 15 or 20%? In practice, I found that when added stop loss the bot didn't trigger the selling so ended up losing more, and happened on more than one occasion. So, I now learnt my lesson and not rely on bots to the the thinking and action for me
This is the approach I take at least when I have more at stake

[Bitcoin Seller]

I don't think so. Just imagine, if you set a machine then it is giving you a certain amount of profit after a certain period. If it happens then everyone will take this advantage and who will lose? I can not understand the mechanism though.

By the way, bot trading exchanges are too annoying for me to use. Because those exchanges give us the fake volume. So I don't think that bot trading makes a good profit actually.

No one professional trader will use bots. How can we entrust machines our money and decisions? You can use bots just for personal interest. For instance, I trade myself, and later, I compare the resolts of my job with the bots predictions’probability.

[StephenJH]

I don't think so. Just imagine, if you set a machine then it is giving you a certain amount of profit after a certain period. If it happens then everyone will take this advantage and who will lose? I can not understand the mechanism though.

By the way, bot trading exchanges are too annoying for me to use. Because those exchanges give us the fake volume. So I don't think that bot trading makes a good profit actually.

No one professional trader will use bots. How can we entrust machines our money and decisions? You can use bots just for personal interest. For instance, I trade myself, and later, I compare the resolts of my job with the bots predictions’probability.

I don't agree, there are many trading bots for sale by professional traders because they wanna increase the revenue by selling their hard work to newbies traders. If the trading strategy is based on technical analysis then it is meaningless to apply human intervene. Just use Google for finding proven statements based on automated trading bots. I don't write about the fake Instagram trading stars who can do everything to bring a new customer for an affiliate network. The pro traders know what to do with the bots and they can shut down the trading bots easily if they see the market doesn't correlate with the software of trading bots.

[Benefactor]

Market won't occurring by your bot procedure. Simply rehearse and learn more insight. That is the best way to get profits by exchanging. Numerous individuals just to screen the bots and make some minor changes if an issue emerges, in any case each exchange is computerized there and they are raking in some serious cash every day.

[gabbie2010]

I don't think so. Just imagine, if you set a machine then it is giving you a certain amount of profit after a certain period. If it happens then everyone will take this advantage and who will lose? I can not understand the mechanism though.

By the way, bot trading exchanges are too annoying for me to use. Because those exchanges give us the fake volume. So I don't think that bot trading makes a good profit actually.

No one professional trader will use bots. How can we entrust machines our money and decisions? You can use bots just for personal interest. For instance, I trade myself, and later, I compare the resolts of my job with the bots predictions’probability.

Majority of Bot makers only sell to make profits, the more the sell the money they earned  a profitable bot wouldn't be sold out by the producer they would rather use it to trade and make much money themselves.
According to research bots picking up trades wouldn't be based on fundamental news that is a major drawback.
Personally I am not a fan of Bot I prefers manual form of trading using my brain to take trading decisions, while many traders might not have time to sit and trade, I used higher timeframe 4 Hour and Daily to pick my trades this wouldn't take my time.

[XZERO1]

It depends on you and how you usually trade and what is your risk tolerance really, for example I know some scalpers had some success with tradings bots and could gain some percentage of profit out of some trading pairs like LTC/BTC and ETH/BTC, but if you are in anyway looking to like let the bot buy something for mid/long-term for you and sell it a few days later higher then that's not going to work, in other words if you are trading in longer terms trading bots are not that suitable and they can fail you terribly at times simply because every day the sentiment of the market could change and bot can not catch those and reflect them on its orders and changes its behavior based on that everyday.

[cryptolord2077]

I have come across many automated trading bots that promise great profits. However, I have never met a bot that would really bring this profit on a stable basis.
As a rule, you are asked to pay for the subscription, then make a deposit, then the bot shows profit for a month or more, and then the entire deposit is drained due to "unforeseen circumstances".

[matchi2011]

I have come across many automated trading bots that promise great profits. However, I have never met a bot that would really bring this profit on a stable basis.
As a rule, you are asked to pay for the subscription, then make a deposit, then the bot shows profit for a month or more, and then the entire deposit is drained due to "unforeseen circumstances".

That's reality, only those who failed to workout with their own knowledge will fall to this kind of  schemes. That foreseen circumstances burned everything inside your wallet.

You needed to invest time and don't take the shortcut, there's none that exist, once you already have the knowledge and skills it's easier
to build best strategy that you can easily input to your bot.

[TokenBot_]

I have come across many automated trading bots that promise great profits. However, I have never met a bot that would really bring this profit on a stable basis.
As a rule, you are asked to pay for the subscription, then make a deposit, then the bot shows profit for a month or more, and then the entire deposit is drained due to "unforeseen circumstances".

Bots are simply tools, tasked at doing specific things. It's a trader's specific strategy that brings profit...but with bot execution.

[cheecko1122]

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 ?

Some times it gives good profit but mostly i have witness that most of traders are not earning from this method because if you dont have higher capital in your account also this is a huge risk. Just try to learn fore trading seriously if you want to make money from it then start trading, dont need to look for shortcuts which always harmful.