shawonngp
Full Member
 Offline
Activity: 756
Merit: 107
Sugars.zone | DatingFi - Earn for Posting
|
 |
October 27, 2020, 07:58:10 PM |
|
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.
|
|
|
|
|
|
|
|
|
|
|
|
|
The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
carlfebz2
|
|
October 27, 2020, 08:45:53 PM |
|
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
|
|
October 27, 2020, 09:06:01 PM |
|
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
Jr. Member
Offline
Activity: 45
Merit: 3
|
|
October 28, 2020, 01:05:26 PM |
|
What is considered to be a good profit ?
5% a month ? is good for a bot ?
|
|
|
|
|
Kong Hey Pakboy
Member
Offline
Activity: 1120
Merit: 68
|
|
October 29, 2020, 06:16:22 AM |
|
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
Member
Offline
Activity: 868
Merit: 15
|
|
October 29, 2020, 06:54:58 AM |
|
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
Sr. Member
Offline
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
|
|
October 29, 2020, 01:47:01 PM
Last edit: October 29, 2020, 02:23:09 PM by 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
Sr. Member
Offline
Activity: 1750
Merit: 260
Binance #SWGT and CERTIK Audited
|
|
October 29, 2020, 02:10:37 PM |
|
<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
|
|
October 29, 2020, 03:28:01 PM |
|
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
|
|
October 29, 2020, 04:42:40 PM |
|
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
Newbie
Offline
Activity: 2
Merit: 0
|
|
October 29, 2020, 04:55:28 PM |
|
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
|
|
October 29, 2020, 06:11:35 PM |
|
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
|
|
October 29, 2020, 10:20:06 PM |
|
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
|
|
October 31, 2020, 09:14:15 PM |
|
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
Legendary
Offline
Activity: 2086
Merit: 1035
|
|
November 01, 2020, 01:16:04 AM |
|
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
|
|
November 01, 2020, 03:05:22 AM |
|
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*
|
|
November 01, 2020, 05:08:16 AM |
|
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
Legendary
Offline
Activity: 2086
Merit: 1035
|
|
November 01, 2020, 08:02:05 AM |
|
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
Jr. Member
Offline
Activity: 42
Merit: 1
|
|
November 02, 2020, 01:20:46 PM |
|
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
|
|
November 02, 2020, 06:00:14 PM |
|
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.
|
|
|
|
|
|
