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pandalion98
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June 20, 2016, 01:58:38 AM |
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Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
For the love of... Please no. As good as it may sound, an auto-trading bot usually cannot handle large market moves. I've lost good money because of that. Save yourself the trouble and just don't. |
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cookiemonster07
Member
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Activity: 61
Merit: 10
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June 20, 2016, 11:29:09 AM |
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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 |
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usao
Legendary
Offline
Activity: 1109
Merit: 1000
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June 21, 2016, 04:37:00 PM |
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Im an occasional trader, and always find it annoying when I enter a buy/sel bid and someone jumps in front of me almost immediately.
I would be interested in knowing what autobots are available, and to your point, im not looking for freeware.
Just somewhere I can look at the pros/cons, costs and compare the various autobots.
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AsaroUk
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June 21, 2016, 07:27:50 PM |
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An auto bot is just so bad in my opinion, you will lose a lot of money by all these bots you can better just have your own strategy and do it manual all times.
These bots cannot think and make sometimes not a good decision.
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Newcoins2020
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June 21, 2016, 08:36:33 PM |
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Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
For the love of... Please no. As good as it may sound, an auto-trading bot usually cannot handle large market moves. I've lost good money because of that. Save yourself the trouble and just don't. I haven't tried it, but I expected such a thing could/would happen. The same applies of autobetting. A robot doesn't understand if something goes wrong, and will logically continue it's task. Sure you can earn from the 'good orders' but preventing 'bad orders' in case of an error is mandatory. |
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usao
Legendary
Offline
Activity: 1109
Merit: 1000
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June 21, 2016, 09:02:19 PM |
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Just out of curiosity, what are some of the autobots out there?
I would at least like to read some of their blurbs and see what things cost.
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CraigWrightBTC
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June 21, 2016, 09:06:10 PM |
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i never trade use bot because it is just program, i am more believe on my analysis than use program who made by another people who i don't know them.
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RobinHoodster
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June 22, 2016, 04:38:51 AM |
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I would not recommend you such auto trading bots because its still that they are not thinking about the consensuses.
They can really ruin it for you in my eyes.
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bitcoinisfurture
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June 22, 2016, 04:43:55 AM |
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If you want to make good profit forget bot and try to understand the analysis of demand and supply. Try to find out the formulation of different policies of country which will accept and not. And make the profits in small itself at present. Since the dip has started now.
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buyinbtc
Legendary
Offline
Activity: 1008
Merit: 1010
CryptoTalk.Org - Get Paid for every Post!
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June 22, 2016, 08:20:02 AM |
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Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
I can't actually tell you which bot is best to use because of simple reason, i don't uss one, because no bot will be as good as me in trading Bots probably won't feel when it is right time to buy or sell and they can even make dumb mistakes like selling at wrong tine so i don't use them |
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justdimin
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June 26, 2016, 08:09:40 PM |
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Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
For the love of... Please no. As good as it may sound, an auto-trading bot usually cannot handle large market moves. I've lost good money because of that. Save yourself the trouble and just don't. Yes, the bots are bots, they can not make you profit in a business, trade is a business and giving you profit so better is that you run that business yourself, you will get good profit but the bot will make you lose if any mistake occurred. |
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redsun114
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June 27, 2016, 08:42:55 AM |
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An auto bot is just so bad in my opinion, you will lose a lot of money by all these bots you can better just have your own strategy and do it manual all times.
These bots cannot think and make sometimes not a good decision.
And especially in the case of bitcoin where a lot of large pumps and dumps happen each day bot will not be able to handle that, and the result will be the same which everyone has suggested, that you will lose. |
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bitcoin-hunter
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June 28, 2016, 02:42:45 AM |
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Yes auto trading bots are not good at all manually is of course always better but if you do not have the time for it these bots can sort of work out sometimes.
You just have to configure it good to do not get problems with it.
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HeroCat
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June 28, 2016, 01:10:56 PM |
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If you know, how to adjust it, then yes - you can make good profit. |
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bitcoinisfurture
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June 28, 2016, 01:22:07 PM |
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How many have used this bot for trading reason and how much profit is yielded? Also what would you suggest to go manual way and look for better opportunity offline as well or no?
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Daneric
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June 28, 2016, 01:32:55 PM |
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Auto trading is only good when you have a very big bankroll and you are betting on low payouts. For istance, if you have a bankroll of lets say 10 btc, it will be save to bet on payouts of X1.2, X1.3or even X1.1 with a base bet of 1000 satoshis. With this, you can choose a favourable multiplier on loss so that you recover quickly after a loss.
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Dwelach
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June 28, 2016, 02:01:53 PM |
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I dont think they are making allot of profit because the price of the bitcoin is not stable at all the last time so the bot
needs to be updated. So make sure your bot is one of the best otherwise you can play bot by your self would be many times better.
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DavidoAlto
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June 28, 2016, 02:01:55 PM |
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Most of the bots are out datet so make sure you have the right one becasue the price of the bitcoin is not really stable you need to make
sure that he make good deals so stay behind the bot if you are clever.
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DomesticTrader
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June 28, 2016, 02:41:51 PM |
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Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
yes and no. but if you are looking for a magical bot that you just click a button and it makes you rich then i have to say there in none. especially if you don't know about trading and have to experience in the matter. but bots can help you a lot in trading and watching the market and earning profit ONLY if they are coded well and you know how to use them based on your knowledge of the market. i dont think it is very useful to use auto traing bots because as you can see the price is not very stable at the moment and when the price rise allot the bots does not see it on time so be careful always have a look self. I dont think bots can make more profit than you self can do because bots are developed by people so if they make some faults you cant fix them at the same time So you should always have a look at the trade by your self what i prefer to do is holding on to my bot but always stay behind him. |
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darewaller
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June 29, 2016, 05:20:17 AM |
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Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
For the love of... Please no. As good as it may sound, an auto-trading bot usually cannot handle large market moves. I've lost good money because of that. Save yourself the trouble and just don't. I haven't tried it, but I expected such a thing could/would happen. The same applies of autobetting. A robot doesn't understand if something goes wrong, and will logically continue it's task. Sure you can earn from the 'good orders' but preventing 'bad orders' in case of an error is mandatory. It is right, the bot will do only that task for which it has given the command and the strategy changes each time in crypto currency, so a little error can make him lose all the hard earned money of him. |
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