altcoin trading bots are profitable?

[coynedterm]

hello,

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

thanks

If you want start earning through the trading with seriously mind then I will suggest not to use bot , it is because the bot can't understand the fundamental discussion in the market of the money of the particular altcoin .
Bot will work upon the normal technical ways like price prediction through candel graph ,so here bot can't do much more better then what you expect .
If you want real more profit then I will suggest you for the manual trading , Because I myself in the history tried some bot technology in Poloniex but not get much success .

[nasipadang]

hello,

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

thanks

Bots only help us to make it easier if we do not have free time the profits or not it's depend how we predict the price. It's better to trading on your own than bot's investment

[el kaka22]

hello,

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

thanks

If you want start earning through the trading with seriously mind then I will suggest not to use bot , it is because the bot can't understand the fundamental discussion in the market of the money of the particular altcoin .
Bot will work upon the normal technical ways like price prediction through candel graph ,so here bot can't do much more better then what you expect .
If you want real more profit then I will suggest you for the manual trading , Because I myself in the history tried some bot technology in Poloniex but not get much success .

If using bots is the profitable way of trading then I believe each and every member here will be trying cryptocurrency trading, but it is not happening then it means bot trading will be having mixed results as some people are sharing profitable experience and others are sharing about losses.

Instead of spending time and money for finding trading bots, I believe it will be much easier to learn trading skills and trying with manual trading. Because manual trading after learning technical analysis is not that much harder one, everyone can learn & shine in trading if ready to put dedications.

[timerland]

I have been into trading (mostly on forex to be honest) for about 4 years right now, but I had many breaks plus im not trading currently, for many reasons.
I always thought that nobody should ever rely on some kind of bots or automated trading programmes, because nothing is better than a real human brain analysing the different formations that particular asset prints on the price chart.
Especially, in altcoin trading. It is because of that the new altcoins may actually stop exist, because of the pump & dump game, so how would you prevent bot from entering such an altcoins?

I think you cant. You need to get knowledge about specific altcoin to get a grasp if it is even worth it to put up any money in it, bot can only trade on some already known alts.

[PokerFace3]

There are lot of altcoin trading boys are available if you keep checking whether they are profitable or not you might need to  spend  lot of time and capital. This is what bot creator are expecting, they just profit from the testers itself.

If you want to use based on some people's review or experience, you may get struck with some paid opinions.

[p3ppymon]

For very specific tasks, bots are quite useful to get the best rates.
Trading bots must be programmed thoroughly to make them work as you want.

[Vaskiy]

For very specific tasks, bots are quite useful to get the best rates.
Trading bots must be programmed thoroughly to make them work as you want.

If the bots were developed in such a manner to fulfill all the necessity or in a way to get profit even when the market was not good, then it soon gets popularity. Possibly most of the coins mining expenses were quite a bit high than the bots, so its good to mine than buying bots.

[noictib]

hello,

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

thanks

I will suggest you to not to handle your trading job with bot Because bot can't do work ( like trading through mind ) in clever way , it may be possible that it down your Earning in the trading , Because all the buy sell will be handle by the bot according to the experiments calculations .
The most of the earning in the altcoin trading is due to the  publicity and the markrt news of the particular altcoins , so here we should always keep our mind on for every news but the same job can't be done by the bot Because bot has no mind power to look in the trend of the real market of altcoins .

[puremage111]

For certain strategy to profit, bot would be better at it because they will always be the first one who see an event and trigger

Compare to human which we don't sit infront of pc 24 hour all day long

For Profit Flip, bots are good at it

Yet, of course bot is not human, they don't have emotions and so but they do sometime make mistake

[CraigWrightBTC]

Of course yes altcoins trading bots are profitable on trading activity but the problem there are many bots trading out there
you must try the bots one by one to getting the bots that suitable with your self,
and it will takes your time, capital to testing it also there are not people who guarantee the bots will gives constant profit for you
 if you want try the bots make sure use small capital because it is huge risk losing bitcoin.

[RoommateAgreement]

Of course yes altcoins trading bots are profitable on trading activity but the problem there are many bots trading out there
you must try the bots one by one to getting the bots that suitable with your self,
and it will takes your time, capital to testing it also there are not people who guarantee the bots will gives constant profit for you
 if you want try the bots make sure use small capital because it is huge risk losing bitcoin.

have you actually done this or something similar that you are suggesting it here?
because to me this doesn't sound like a good plan.
using a bot can be both a good thing and a bad one. for someone who is new to trading then they wouldn't even know what they want in a bot. and if you are experienced enough you know what features you want and then seek a bot that has those features. so there won't be a need to test all of them.

[iqlimasyadiqa]

For very specific tasks, bots are quite useful to get the best rates.
Trading bots must be programmed thoroughly to make them work as you want.

But with bots we can not do what is entirely desirable. Sometimes the intervention of a computer program is too rigid to run.

[CuriousGeorge]

For certain strategy to profit, bot would be better at it because they will always be the first one who see an event and trigger

Compare to human which we don't sit infront of pc 24 hour all day long

For Profit Flip, bots are good at it

Yet, of course bot is not human, they don't have emotions and so but they do sometime make mistake

bots never make mistake, the human does, the bots just execute the duty given, it's all depend on the human that operate the bot, if the bots are making mistake it's right to blame the human
that's why when using bots, you need competent human that could operate the bots perfectly

[bohr]

Using a factory as Example, would you as owner of factory trust Robots to handle all the manufacturing processes even without supervision?
Your answer to this question should help answer your own question

Correct, even a very well programmed bot will need your supervision but if you don’t know anything about trading then the bot will make mistakes and you will be unable to know when and where those mistakes where made.

[darthmaul]

I have tried one of the program in exchange site but it did not met my expectations. They trade on very fast pace and without fear of putting more money in recover your losses. Bots are generally have limited formula of trading. You can use them only when you think you have got enough backing with your coins. I would prefer to go manually as I can read charts myself and predict the future more accurately from my past experiences.

[darthmaul]

hello,

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

thanks

If you want start earning through the trading with seriously mind then I will suggest not to use bot , it is because the bot can't understand the fundamental discussion in the market of the money of the particular altcoin .
Bot will work upon the normal technical ways like price prediction through candel graph ,so here bot can't do much more better then what you expect .
If you want real more profit then I will suggest you for the manual trading , Because I myself in the history tried some bot technology in Poloniex but not get much success .

If using bots is the profitable way of trading then I believe each and every member here will be trying cryptocurrency trading, but it is not happening then it means bot trading will be having mixed results as some people are sharing profitable experience and others are sharing about losses.

Instead of spending time and money for finding trading bots, I believe it will be much easier to learn trading skills and trying with manual trading. Because manual trading after learning technical analysis is not that much harder one, everyone can learn & shine in trading if ready to put dedications.

Yes just now I posted on above line it is not worthy to have bots but using our intellect can profit us more than bots. There are big players in this field, they will say it is bullish to use things like bots. Trading is really personal and enjoyable thing. Not get emotionally attached but just hit the right spot at right time.

[shintosai]

hello,

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

thanks

If you want start earning through the trading with seriously mind then I will suggest not to use bot , it is because the bot can't understand the fundamental discussion in the market of the money of the particular altcoin .
Bot will work upon the normal technical ways like price prediction through candel graph ,so here bot can't do much more better then what you expect .
If you want real more profit then I will suggest you for the manual trading , Because I myself in the history tried some bot technology in Poloniex but not get much success .

If using bots is the profitable way of trading then I believe each and every member here will be trying cryptocurrency trading, but it is not happening then it means bot trading will be having mixed results as some people are sharing profitable experience and others are sharing about losses.

Instead of spending time and money for finding trading bots, I believe it will be much easier to learn trading skills and trying with manual trading. Because manual trading after learning technical analysis is not that much harder one, everyone can learn & shine in trading if ready to put dedications.

Yes just now I posted on above line it is not worthy to have bots but using our intellect can profit us more than bots. There are big players in this field, they will say it is bullish to use things like bots. Trading is really personal and enjoyable thing. Not get emotionally attached but just hit the right spot at right time.

the advantage is already been said before bot calculate and you don't need to keep watching 24/7 that's how they help you but
using our own time and capability will allow us to earn more since bot is just relying from what we dictate from their system.

[Pattberry]

Bots only help us to make it easier if we do not have free time the profits or not it's depend how we predict the price. It's better to trading on your own than bot's investment

Bots cannot predict the market ,all they can do is to follow the price movement and the question everyone will be asking is ,can i make a good profit with bot,it is possible to make money with the help of a bot if there is a bull market and it is not conducive to a bear market,so you have to be careful with how you are using the bot.

[uneng]

Bots only help us to make it easier if we do not have free time the profits or not it's depend how we predict the price. It's better to trading on your own than bot's investment

Bots cannot predict the market ,all they can do is to follow the price movement and the question everyone will be asking is ,can i make a good profit with bot,it is possible to make money with the help of a bot if there is a bull market and it is not conducive to a bear market,so you have to be careful with how you are using the bot.

The worse part is that bots doesn't have emotions, they will lose all your money if necessary on wrong losses. A bot can't substitute a man with the currently technology we have today, at least the technology common persons have.
Trade must be done manually like any other risky activity involving too much money.

[pooya87]

Bots only help us to make it easier if we do not have free time the profits or not it's depend how we predict the price. It's better to trading on your own than bot's investment

Bots cannot predict the market ,all they can do is to follow the price movement and the question everyone will be asking is ,can i make a good profit with bot,it is possible to make money with the help of a bot if there is a bull market and it is not conducive to a bear market,so you have to be careful with how you are using the bot.

a bot is supposed to do what you can't do on your own easily not what you can not do at all. this is a common misunderstanding that people think a bot is supposed to have artificial intelligence and make decisions for them
a bot is just a code that does things easier and faster and also in some cases 24/7. for example for stop loss you can not sit there and watch the market all day long. you place a stop loss in your bot and it executes the order if price fell below what you want.