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Author Topic: Bitcoin Trading Bots while you sleep  (Read 5257 times)
Strongkored
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April 17, 2017, 02:16:18 PM
 #41

Until now I have not used a bot in my trading and also have not consider for trading with a bot, I was more comfortable with the manual maybe someday I will considered it, when I think important and helpful then I would consider to use.

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April 17, 2017, 02:28:35 PM
 #42

Until now I have not used a bot in my trading and also have not consider for trading with a bot, I was more comfortable with the manual maybe someday I will considered it, when I think important and helpful then I would consider to use.
Me, too. because i am more comfortable trading manually, since bots not like people who can make decisions wisely. And trading with a bot also does not guarantee there will always profit, and an expensive price of bot tradingmakes me prefer trading manually, hehe. Better to use the funds for trading capital. Thank you
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April 17, 2017, 03:17:44 PM
 #43

~snipped~

Would you use a Bitcoin trading bot instead of you?

Bots main purpose is to execute your trades even your away at desk. But I only see trading bot as a useful tool when dealing to an asset that have a low volatility for a certain period time. In other words, close to stable price.
It will be useless of we are facing the bullish or bearish trend. Because the bot has a limitation to buy based on what are we put on the buy or sell limit.
Price volatility in bitcoin especially in altcoin sometimes really goes crazy even for a duration of minute.
Expecting there will be no bearish or bullish trend in the future.
Therefore, trading bot will just wrecked your trading stategy. Well unless you trust your set price as a wall price then up to you to proceed. In this kind of crypto price movement, I preferred to do manual traders than using bots most of the time.
There is a manual for using the trading bot which uses it on the wrong timing just give another loss for you.
The bot just takes a benefit from the neutral condition. I mean about there is no a lot of the volatility in the market that the market is running on the steady way.



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April 17, 2017, 03:59:45 PM
 #44

Would you use a Bitcoin trading bot instead of you?
Most probably, I will not use trading bots, because I do not want to loose my capital while I'm sleeping. Yes, I am always looking for protecting my capital before looking for making profit out of my capital. When I am more conscious about not losing my capital, I believe I am more than 50% successful with my trading.

I have enough skill to make a right trading decisions to make decent profits, then why should I go for automated trading tricks which are not proven for not losing our capital at any time.
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April 18, 2017, 05:01:54 AM
 #45

Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?


OP will do the forum a whole lot of good if he can give out links to these FREE bot sites he mentioned.

That said, bots are called robots in Forex Trading and are auto-pilot driven devoid of emotion which is the killing point of trading, be it forex or crypto trading. So, I would say yes I will use a bot if I know it has a great result.

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wck
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April 18, 2017, 05:21:45 AM
 #46

Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?


OP will do the forum a whole lot of good if he can give out links to these FREE bot sites he mentioned.

That said, bots are called robots in Forex Trading and are auto-pilot driven devoid of emotion which is the killing point of trading, be it forex or crypto trading. So, I would say yes I will use a bot if I know it has a great result.

I agree that giving out the links to the bots with source is useful.   Personally I don't like bots I can't debug or modify.   I've written several of my own simple bots in the past.   While they did great, when a huge move occurred they often failed.   I think that is a real problem with bots in general.   I found BTC too prone to sudden moves to really be that profitable with simple trading strategies. 
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April 18, 2017, 05:42:17 AM
 #47

Until now I have not used a bot in my trading and also have not consider for trading with a bot, I was more comfortable with the manual maybe someday I will considered it, when I think important and helpful then I would consider to use.
Me, too. because i am more comfortable trading manually, since bots not like people who can make decisions wisely. And trading with a bot also does not guarantee there will always profit, and an expensive price of bot tradingmakes me prefer trading manually, hehe. Better to use the funds for trading capital. Thank you


Same here. I haven't try trading with bots, although it has its advantage of course, like when you go to sleep or away from your laptop and desktop. But I would rather observe and see the trend in the market and make my own decision to sell or buy so that I can gain experience and learn more about the trading practice.
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April 18, 2017, 08:41:56 AM
 #48

Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?


For me, I preferred Manually because we all know that bots are part of our technology today and our tech today are mostly high tech and many people are expert in that. If we use some bots there are possibility that we will lose our money because of broken bots, bots that have issues and worst bots that are hacked. Many people will lose their money and that instances will cause them to fall down and become poor.
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April 18, 2017, 09:40:01 AM
 #49

Until now I have not used a bot in my trading and also have not consider for trading with a bot, I was more comfortable with the manual maybe someday I will considered it, when I think important and helpful then I would consider to use.
Me, too. because i am more comfortable trading manually, since bots not like people who can make decisions wisely. And trading with a bot also does not guarantee there will always profit, and an expensive price of bot tradingmakes me prefer trading manually, hehe. Better to use the funds for trading capital. Thank you
Same here. I haven't try trading with bots, although it has its advantage of course, like when you go to sleep or away from your laptop and desktop. But I would rather observe and see the trend in the market and make my own decision to sell or buy so that I can gain experience and learn more about the trading practice.

Bot will not apply permanently for a trading system that is constantly changing, I had to buy a license bot like this, even though they claim maintenance warranty and development, still bot ultimately be futile and useless, it is better if we buy the trading signals license, in addition to improving our skills, this signal makes us more flexibility to make choices.

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April 18, 2017, 10:46:26 AM
 #50

Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?


For me, I preferred Manually because we all know that bots are part of our technology today and our tech today are mostly high tech and many people are expert in that. If we use some bots there are possibility that we will lose our money because of broken bots, bots that have issues and worst bots that are hacked. Many people will lose their money and that instances will cause them to fall down and become poor.

Better manual trading, because the bot can not so accurately assess the risks and it does not have intuition.
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April 18, 2017, 01:21:13 PM
 #51

I would like to test for couple of days for sure to identify whether it is useful for me or not. Is it yielding me any result or not and how effective it is for the layman to use such bots. What is the difference I am getting being using bot which runs for 24 hours.

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April 18, 2017, 09:59:05 PM
 #52

~snipped~

Would you use a Bitcoin trading bot instead of you?


Bots main purpose is to execute your trades even your away at desk. But I only see trading bot as a useful tool when dealing to an asset that have a low volatility for a certain period time. In other words, close to stable price.

Price volatility in bitcoin especially in altcoin sometimes really goes crazy even for a duration of minute. Therefore, trading bot will just wrecked your trading stategy. Well unless you trust your set price as a wall price then up to you to proceed. In this kind of crypto price movement, I preferred to do manual traders than using bots most of the time.

Exactly once. The bot is not the right solution for trading, as the bot is only a tool to help speed up get fit we ordered without looking at what was going on. As well we run the bot that has been on setting, then the bot will only run in accordance with what we are commanded not to need it brings profit or loss, the main thing that bots do is already complying with the appropriate command
 
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April 19, 2017, 12:16:42 AM
 #53

Using bots seems like a good thing, because we can't sit 24 hours watching the chart and it can help us to trade when we are sleeping, but I prefer to used the old way, where I operate all thing by myself, I feel more confident and I can learn more thing by doing it myself, and we can analyze the situation before we decide to do the trade


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BlackPanda
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April 19, 2017, 12:26:25 AM
 #54

Using bots seems like a good thing, because we can't sit 24 hours watching the chart and it can help us to trade when we are sleeping, but I prefer to used the old way, where I operate all thing by myself, I feel more confident and I can learn more thing by doing it myself, and we can analyze the situation before we decide to do the trade
yes I totally agree that the manual is the best way. so then we have the full powers in trading.
while if we are not free to use the bot when to sell and buy bitcoin.
mrBTCman
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November 15, 2017, 02:14:07 PM
 #55

I wouldn't completely refuse manual trading and switch to the trading bot. Sure, there are many benefits like accuracy, lack of human error, but it is still not that intelligent and sensitive to sudden market changes. Or probably I am missing something about trading bots?
LeaderAMB
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November 15, 2017, 03:59:35 PM
 #56

Bitcoin trading bot is working based on any trading formula and it's not potential analyze the market so you should not believe bitcoin trading bot if you do not want to loss your money.
The Currency market that change so fast that you can not use a a certain strategy, the best you should manual trading than using a bot trading

whaawh
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November 15, 2017, 06:12:48 PM
 #57

Bitcoin trading bot is working based on any trading formula and it's not potential analyze the market so you should not believe bitcoin trading bot if you do not want to loss your money.
The Currency market that change so fast that you can not use a a certain strategy, the best you should manual trading than using a bot trading
I believe that choosing a herb system that replaces human attention does not have two potentials that a person has with close attention behind the grass of the exchange. Therefore, I believe that the trading bot does not have the potential that is needed for real trading and good profits.
clrpod
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November 15, 2017, 06:53:34 PM
 #58

I would not use a bot to trade for the simple fact of not being able to create my own one and not trusting one that someone else has created, I feel like a human will always perform better than a bot (a skillful human) and for that reason I would not try it.

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Oliver A
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November 15, 2017, 07:05:22 PM
 #59

Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?

I think it very essential for the people who are really busy with there work and really don't have enough time to do manual trading. Trading bot helps to earn additional lucrative capital.

btcone111
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November 15, 2017, 07:25:51 PM
 #60

Alternatively, I use coinfloor where I could set buying and selling levels before I go to sleep everyday.
It's not as good as a functioning bot but I think the risk is considerably lower.
Good luck!
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