altcoin trading bots are profitable?

[lionheart78]

hello,

is it worth to invest in automatic trading bot for trading altcoins at exchange sites?

thanks

Using bot actually, is not guaranteed that it can give a enough earnings of bitcoin, And as far as I know, it is just give an idea or options in way of earnings in trading. Or in some other reason, there are traders using it for they want profit in trading on 24 hours and they can do that by using bot, I think.

Bot is an application so that you can trade even if you are not infront of your pc or gadget.  The profitability depend on the setup of the bot, so it means it depends on how you understand the market you are trading.  If you are well verse about it, the using Bot is profitable since you can set it to function according to what you think would happen to the market.

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[nicolas1979]

First time you use it are profitable but after that only loss you'll get. Market is something that we can't control or manipulate, even you have great bots is never worth. Leave bots and use your real bots that we call brain, use your brain to make analyze about the market and try to run it by doing some " open market " ( op ). Understand the risk and deal with it just like real life. For me, bots aren't profitable but if you want to try itself I can do nothing. That's your way, good luck.

[patt0]

First time you use it are profitable but after that only loss you'll get. Market is something that we can't control or manipulate, even you have great bots is never worth. Leave bots and use your real bots that we call brain, use your brain to make analyze about the market and try to run it by doing some " open market " ( op ). Understand the risk and deal with it just like real life. For me, bots aren't profitable but if you want to try itself I can do nothing. That's your way, good luck.

I'm don't have a good trade knowledge, but if you are trading based on charts, and looking for fluctuations over a few minutes etc, then why shouldn't a bot be better than human analysis? If you are searching for a pattern, then a bot should be better than you, in dong that job I think.

[Monnt]

First time you use it are profitable but after that only loss you'll get. Market is something that we can't control or manipulate, even you have great bots is never worth. Leave bots and use your real bots that we call brain, use your brain to make analyze about the market and try to run it by doing some " open market " ( op ). Understand the risk and deal with it just like real life. For me, bots aren't profitable but if you want to try itself I can do nothing. That's your way, good luck.

I'm don't have a good trade knowledge, but if you are trading based on charts, and looking for fluctuations over a few minutes etc, then why shouldn't a bot be better than human analysis? If you are searching for a pattern, then a bot should be better than you, in dong that job I think.

But do you think it would be possible to code a bot to recognize all the chart patterns.
For example, you may sometimes find a good entry pattern in 4 hrs chart and in some other times you may find with 30 min chart. I do not think any bot will be doing like that. Versatility of trading bot is a very big question here.

[patt0]

First time you use it are profitable but after that only loss you'll get. Market is something that we can't control or manipulate, even you have great bots is never worth. Leave bots and use your real bots that we call brain, use your brain to make analyze about the market and try to run it by doing some " open market " ( op ). Understand the risk and deal with it just like real life. For me, bots aren't profitable but if you want to try itself I can do nothing. That's your way, good luck.

I'm don't have a good trade knowledge, but if you are trading based on charts, and looking for fluctuations over a few minutes etc, then why shouldn't a bot be better than human analysis? If you are searching for a pattern, then a bot should be better than you, in dong that job I think.

But do you think it would be possible to code a bot to recognize all the chart patterns.
For example, you may sometimes find a good entry pattern in 4 hrs chart and in some other times you may find with 30 min chart. I do not think any bot will be doing like that. Versatility of trading bot is a very big question here.

Like I said I'm new to this, so I was thinking about processing speed, and keeping emotions out of the equation. But yes maybe you are right. Although a bot has a better processing capacity than humans, we are certainly better in removing noise and filtering those patterns, than a bot would, because we just can't code an effective way of removing all that noise first, and focusing on the important stuff.

[stomachgrowls]

First time you use it are profitable but after that only loss you'll get. Market is something that we can't control or manipulate, even you have great bots is never worth. Leave bots and use your real bots that we call brain, use your brain to make analyze about the market and try to run it by doing some " open market " ( op ). Understand the risk and deal with it just like real life. For me, bots aren't profitable but if you want to try itself I can do nothing. That's your way, good luck.

I'm don't have a good trade knowledge, but if you are trading based on charts, and looking for fluctuations over a few minutes etc, then why shouldn't a bot be better than human analysis? If you are searching for a pattern, then a bot should be better than you, in dong that job I think.

But do you think it would be possible to code a bot to recognize all the chart patterns.
For example, you may sometimes find a good entry pattern in 4 hrs chart and in some other times you may find with 30 min chart. I do not think any bot will be doing like that. Versatility of trading bot is a very big question here.

Like I said I'm new to this, so I was thinking about processing speed, and keeping emotions out of the equation. But yes maybe you are right. Although a bot has a better processing capacity than humans, we are certainly better in removing noise and filtering those patterns, than a bot would, because we just can't code an effective way of removing all that noise first, and focusing on the important stuff.

Just as expected that bots do really have their own flaws because nothing can really be perfectly coded by anyone which means there are feature cant really be available thats why its important for us to be knowledgeable even theres something that bot cant do.if we are a programmer and do know how to code as long its open source then it would be an advantage.

[salmanahmedone]

hello,

is it worth to invest in automatic trading bot for trading altcoins at exchange sites?

thanks

Using bot actually, is not guaranteed that it can give a enough earnings of bitcoin, And as far as I know, it is just give an idea or options in way of earnings in trading. Or in some other reason, there are traders using it for they want profit in trading on 24 hours and they can do that by using bot, I think.

Bot is an application so that you can trade even if you are not infront of your pc or gadget.  The profitability depend on the setup of the bot, so it means it depends on how you understand the market you are trading.  If you are well verse about it, the using Bot is profitable since you can set it to function according to what you think would happen to the market.

No matter how helpful bots are, they cannot be compare to a human mind. My advice is to trade yourself rather than accepting bot to do something better than yourself.

[PokerFace3]

hello,

is it worth to invest in automatic trading bot for trading altcoins at exchange sites?

thanks

Using bot actually, is not guaranteed that it can give a enough earnings of bitcoin, And as far as I know, it is just give an idea or options in way of earnings in trading. Or in some other reason, there are traders using it for they want profit in trading on 24 hours and they can do that by using bot, I think.

Bot is an application so that you can trade even if you are not infront of your pc or gadget.  The profitability depend on the setup of the bot, so it means it depends on how you understand the market you are trading.  If you are well verse about it, the using Bot is profitable since you can set it to function according to what you think would happen to the market.

Yes, bot is profitable to the extend that you dont have to be online 24/7 to do the trading but you cannot depend on it totally. You need to check in on regular basis to see if all is going well. Also Bot cant handle sudden pump or dump of coins, so it is risky also.

No matter how helpful bots are, they cannot be compare to a human mind. My advice is to trade yourself rather than accepting bot to do something better than yourself.

Yes, manual trading is certainly the best one. But human mind may give room for emotions whereas trading bots will do only as per schedule. This may be another reason, we can choose and depend on trading bots.

[kidoseagle0312]

hello,

is it worth to invest in automatic trading bot for trading altcoins at exchange sites?

thanks

In my opinion,  altcoin trading bot is not profitable to me because it is still much better and good to do trade in the actual trade than using it. Due to if it is really profitable I guess traders who tried to use it now become a millionaires because of it.

[Angel777]

Altcoin trading is very much profitable for today.People panic for an information how to be a bitcoiner because many today are earning big salary as a bitcoiner.Some almost got a million of money rate that through paypal is an easy transactoin of getting their salary.Many are interested for today how to be a member.

[Zadicar]

hello,

is it worth to invest in automatic trading bot for trading altcoins at exchange sites?

thanks

Nope,they arent profitable when you do make use of those trading bots on exchanges.It does really give only the automation of your trades and doesnt really guarantee that it can make profits for you when you do tend to leave it overtime or you far away on your pc. Its not bad to make use of bots as long you do know how to set up it correctly so that your trades wont be messed up later on.

[MCS23]

hello,

is it worth to invest in automatic trading bot for trading altcoins at exchange sites?

thanks

Nope,they arent profitable when you do make use of those trading bots on exchanges.It does really give only the automation of your trades and doesnt really guarantee that it can make profits for you when you do tend to leave it overtime or you far away on your pc. Its not bad to make use of bots as long you do know how to set up it correctly so that your trades wont be messed up later on.

Then explain to me how much will the legal use of bots for trading on the exchange be? How then will control be carried out if such opportunities were still impossible to use as far as I understand Or am I mistaken?

[MI6]

it can help, yes profitable don't know because it is all about market condition and if you not check it everytime and something bad happen to coin that you trade, you will regret it

[panzerdeni]

If you use bots or similar types of programs use them only for signals nothing more this is my advice.
Better to see it your self and take decide if the trade / position is good.
Bots wont make you millionaire. You don't need them you need only your self nothing more. If you are an experienced trader you are going to make more profit then waisting money on bots and tools for auto trading. Only use them for signals.

[Shishir99]

I don.t think that will give huge profit.
Because they are just bots.
They just trade on their calculation.
It is far more better to trade by own.

[litaf]

There probably are some bots that are extremely profitable. its just that they will not be for sale unless you are willing to pay a lot of money for it. If I made a successfull trading algo, I wouldnt be selling it, I would be monopolizing profits instead.

[Panda Trump]

Depends on the coin and the bot... Some bots work on 1 coin, but not on another, so you should always look for the best combination of bot&coin.

For example: No bot is going to do very well at an altcoin that is at its peak and drops right after you've started using your bot on it.

[rafajunior99]

There probably are some bots that are extremely profitable. its just that they will not be for sale unless you are willing to pay a lot of money for it. If I made a successfull trading algo, I wouldnt be selling it, I would be monopolizing profits instead.

I think they will all be like that, if there is something very profitable then it will be just in case anytime, because seeing success in trading will be difficult to predict how it is done completely.