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Author Topic: altcoin trading bots are profitable?  (Read 9315 times)
Apened
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April 26, 2017, 06:13:53 AM
 #41

I think yes ,if that trading bot is reliable and have assurancr to make you profit .but it is much better to trade with yourself ,although bots have no emotions and a big difference for you is to learn skills to make your own miney not depending in a robot or any machine .
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April 26, 2017, 11:33:23 AM
 #42

on the classic markets bots are doing about 50% of all trade deals, I think here is the same situation.
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April 26, 2017, 11:36:47 AM
 #43

hello,

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

thanks Smiley
They can be very profitable if you

  • Understand technical analysis
  • Not being afraid to lose a percentage of coins and manually dump at the bottom.
  • Have settings that are more unique than other bot users
  • Have luck in bullish markets
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April 26, 2017, 12:40:56 PM
 #44

I really don't think there is a need. Most of us are crypto enthusiasts so we understand the market, how to analyze the price of a coin, where to read up on news about it, etc. I've never traded a day in my life and this is probably beginners luck but I've turned 0.2BTC into 0.3BTC trading TORCoin and Litecoin yesterday. I don't know about you but that's a lot of money for me, lol!
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April 26, 2017, 03:30:31 PM
 #45

I really don't think there is a need. Most of us are crypto enthusiasts so we understand the market, how to analyze the price of a coin, where to read up on news about it, etc. I've never traded a day in my life and this is probably beginners luck but I've turned 0.2BTC into 0.3BTC trading TORCoin and Litecoin yesterday. I don't know about you but that's a lot of money for me, lol!

Trading bits are for traders who don't really have much time to really observe the market. It's quite expensive thoughbif you're going to buy a software. Also sometimes people get lazy so instead of studying the movement themselves, they resort to these kinds of applications and software


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April 26, 2017, 03:41:46 PM
 #46

I really don't think there is a need. Most of us are crypto enthusiasts so we understand the market, how to analyze the price of a coin, where to read up on news about it, etc. I've never traded a day in my life and this is probably beginners luck but I've turned 0.2BTC into 0.3BTC trading TORCoin and Litecoin yesterday. I don't know about you but that's a lot of money for me, lol!

Trading bits are for traders who don't really have much time to really observe the market. It's quite expensive thoughbif you're going to buy a software. Also sometimes people get lazy so instead of studying the movement themselves, they resort to these kinds of applications and software

From what I heard from some of the people how bought these kinds of bots is that they are saying it is quite effective and it does profit them. But I don't think it does, as there is quite a lot of things you should know of in trading that a bot can never ever imitate a good trader as it just executes some strategy that it has been preset.
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April 26, 2017, 03:44:16 PM
 #47

I think yes ,if that trading bot is reliable and have assurancr to make you profit .but it is much better to trade with yourself ,although bots have no emotions and a big difference for you is to learn skills to make your own miney not depending in a robot or any machine .
as long as the source come from a professional trader and programmer ,
then i can assume it has been formulated to get profit ,
it won't have a low price for this kind bot ,
otherwise the bot just running without having a certain program to get profit.
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April 26, 2017, 05:11:36 PM
 #48

hello,

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

thanks Smiley

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.
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April 26, 2017, 05:18:59 PM
 #49

Using bot can be profitable but They run on a very basic code check charts and make a prediction which can go wrong and if it go wrong it won't learn from its mistake where you will and learn better which can bring more profit

Selling Bing and Adwords account with Preloaded 200$
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April 26, 2017, 05:44:10 PM
 #50

There are many trading bots available, but i would prefer Gunbot or CAT
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April 27, 2017, 11:09:29 AM
 #51

I think you need to be very experienced trader to used bot for trading, it can be profitable if you know how to used it, but it wont give you full exeperience of trading and sometimes the prices can go higher but because you are using bot you wont reach that point, so bot can limit your profit
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May 07, 2017, 11:31:34 AM
 #52

hello,

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

thanks Smiley

I don't think that trading bot for altcoins are profitable.  It is not still profitable instead much better to do trade manually, It may only give profit but not enough earnings for sure.
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May 10, 2017, 07:22:42 AM
 #53

hello,

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

thanks Smiley
No for me, Because if this is true for sure all traders will be dependent on this things they just set it up then wait for their profit.
But that's not what's happening, it is still good and much better to do trade manually than using bot in trading.
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May 14, 2017, 09:42:50 AM
 #54

hello,

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

thanks Smiley

I don't think that trading bot is profitable, because it cannot guaranteed you to give enough earnings. Because if it is really gives profit perhaps all traders in any exchange plaform will not work hard for it in doing trade if trading is really a good one to give us profit. But no! it means most traders like to do actual trade than using bot in the platform.
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May 14, 2017, 12:11:22 PM
 #55

I think these bots are pretty expensive at time and if you're just starting to trade, it would still be better to do it manually to have a real feel of how trading works. Also if you have a day job and won't be able to look into your trades, then having a bot to do it for you would be helpful

 
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May 14, 2017, 12:13:13 PM
 #56

Are there any good bots,
I want to buy a source code


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May 14, 2017, 09:50:40 PM
 #57

Are there any good bots,
I want to buy a source code
I doubt that they will sell you their codes. I am not sure the trading bots are coming with open source so that you can modify their coding as per your requirements.

There are two bots are highly suggested by this community : CAT and gunbots. But I am preferring trading by my own analysis. So I am not recommending to you anything. But you can try them at your own responsibilities.

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May 15, 2017, 05:06:46 AM
 #58

hello,

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

thanks Smiley

You should reconsider using bots because bots aren't that reliable and risky, stick to manual to ensure that you get profit and less risky.But the decision is not mine,im just suggesting so goodluck to you. PEACE
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May 15, 2017, 10:31:05 AM
 #59

Some of the altcoin trading bots are profitable but not for long term because the market is not always remain the same so there is a possibility for a change in the exchanger that can cause problem to your trading bots and can lead you to losses but if you want a real profitable way of trading then manual trading is the best which also expands your knowledge about trading.
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May 16, 2017, 08:50:25 PM
 #60

hello,

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

thanks Smiley

I don't think that trading bot for altcoins are profitable.  It is not still profitable instead much better to do trade manually, It may only give profit but not enough earnings for sure.
Most of the commercial bots in the market today are losing money in altcoins trading. I do prefer manual trading compared to bots. I do advise people to develop their trading skills and understanding on how trade work and focus on it until they succeeded in it. Trading is a game of common sense and you have to understand the rule to play The game and bots has no understanding.
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