Botting v manual trading

[audaciousbeing]

I'm thinking that I know a strategy to double my Bitcoin holdings (yay me ). I'm wondering if, while waiting for an altcoin to go up in value, can I keep a bot running to try to increase the amount of money it makes or is that a bad idea (essentially, the strategy is simple, buy an altcoin while it's cheap and wait for it to double - i monitored said coins last two cycles and believe it'll do the same again). Would you do this or try to invest the altcoin in a casino and wait for its value to (hopefully as nothing is certainly) increase?

Its just one advantage that the crypto market have made available to everyone that irrespective of the idea you have, there is always room for everyone to make something off the market whether in times of low turns of event or when things are really looking green in the ecosystem.

In my own case, I would go with the option of manual trading where I study a coin and invest in it hoping that the fortune of the coin would change for the positive from the point I got in. I have made some profits as a result of this and sometimes, you have to wait for a really long time to achieve your objective. Bots to me seems something that might sound too technical with the configuration and the follow up that needs to be done regularly in other to avoid making some real losses along the line.

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[CryptosD]

Last time I prefer the bot because I haven't enough time to trade manually and I start to do it rarely..
Every morning I check my tradesanta bot and how much did he trade..

[Marcel666]

I know a couple of people who use bots to trade and have recorded high levels of success. Of course it depends on how diverse the programming is. And how prepared the bot is for every possible situation.

It's a good idea. And you could support it by monitoring the trades and take necessary action where needed.

[yugyug]

Since i am still newbie and developing a new learning curve about crypto trading i prefer to use manual trading and this will allow myself to train my psychlogical aspect when dealing about difficulties in trading activities. Emotion is your number one enemy when speaking about trading. Bot is just a tool to lighten up the trading activities but if you don't know how to deal with emotions botting is seems to be useless.

[Barbut]

I know a couple of people who use bots to trade and have recorded high levels of success. Of course it depends on how diverse the programming is. And how prepared the bot is for every possible situation.

It's a good idea. And you could support it by monitoring the trades and take necessary action where needed.

Be sure that it depends more from bankroll than from programming.Every bot and every strategy needs certain amount, without it bot will always hit in the wall and lose more than make profit, like every bot for some strategies you need to have very high bankroll, only like that bot can make a lot of profit.
Every strategy ask for some money, you always have min and max, but only with max you can have more success.

[BitHodler]

If you're referring to BCash, then you are spot on. I'm closely monitoring the situation and have a good time reading through their internal warfare. I'm kinda certain that I will short them just before the fork takes place.

I honestly wouldn't risk any amount on shorting something that seems to be so easy and profitable to do. You know what they usually say in these cases: when things look too good to be true, they mostly are.

The only danger here is that Bitmain might pump BCash afterwards, all to attract more hashrate with an economical incentive.

That's what I believe will happen. Don't forget that Bitmain holds +1 million BCH, which basically means that they have no other choice but to pump up the price. They have to protect the value of their massive holdings.

Another point is that protecting the value of their holdings also means that regulators won't use that against them to entirely reject their IPO plans. In other words, there is a lot to lose for Bitmain.

[Lanatsa]

I know a couple of people who use bots to trade and have recorded high levels of success. Of course it depends on how diverse the programming is. And how prepared the bot is for every possible situation.

It's a good idea. And you could support it by monitoring the trades and take necessary action where needed.

Be sure that it depends more from bankroll than from programming.Every bot and every strategy needs certain amount, without it bot will always hit in the wall and lose more than make profit, like every bot for some strategies you need to have very high bankroll, only like that bot can make a lot of profit.
Every strategy ask for some money, you always have min and max, but only with max you can have more success.

No doubt that having bigger bankroll will always have the advantage yet you can make use of bot setting or set-up at all range rather than on limited ones. Using up bot will still vary on users setting
because if you dont have any idea on what you are doing then you are just like throwing up your money gradually on the air. Manual or botting do have same results but they are just different on execution.

[jackg]

I'm thinking that I know a strategy to double my Bitcoin holdings (yay me ). I'm wondering if, while waiting for an altcoin to go up in value, can I keep a bot running to try to increase the amount of money it makes or is that a bad idea (essentially, the strategy is simple, buy an altcoin while it's cheap and wait for it to double - i monitored said coins last two cycles and believe it'll do the same again). Would you do this or try to invest the altcoin in a casino and wait for its value to (hopefully as nothing is certainly) increase?

All the strategies you mentioned are pretty good means of double ones investment  I'm sure you can handle well the buying an altcoin when cheap and sell when high part because the right coins and time of entering the market are the mistakes which most investors/cryptonier usually made.
Concerning the not trading, have heard and research alot about it but don't know how to start one. Could pls tell me the step by step tips. Thanks.

1. Bot trading is what you want to learn about or do you mean 2. “not trading” as in investments?

1. The two most recognised bots here I think are gun bot and cat bot. I havent looked into them recently. They do have fairly generic strategies however but that makes them quite profitable as long as nothing too adancecd happens (such as a pump-dump scheme).
2. You can invest money in places such as casinos, bitcoin mining farms and other bitcoin investments (some margin trading too - the p2p lending side of it). I’d never suggest margining to anyone as it’s how you can lose everything... Essentially you gain money from other people taking a risk in an investment scheme that involves bitcoin, unless it’s a ponzu scheme in which case, I’d also suggest strongly against that.

[Renaldi blackspadeteam]

I think crypto trading is waiting for the price to go up 2 times it could happen, but seeing the current market volume might require a long time to get the price twice,

to be honest, I was also interested in playing the cryoto casino but I was still traumatized because I had lost an asset of $ 400 while playing a casino

[otundebis]

Everything strategy for trading have advantages and disadvantages.  Your job as a trader is to use the most advantageous strategy at you disposal or combine different positive side of each strategy. Botting could be good or bad,  manual could be slow and steady!

[Pattart]

Last time I prefer the bot because I haven't enough time to trade manually and I start to do it rarely..
Every morning I check my tradesanta bot and how much did he trade..

Many people say that trading with bots will save more time and certainly be more profitable, because with bots you will avoid the biggest risk that is emotional feelings because bots don't have it, but the problem is how to make a bot for trading and how to implementation the strategi in the bot

[crabby]

Just use a bot like shrimpy.io. It's kinda like a bot, but also kinda like manual trading when you select assets to adjust your portfolio. It's the best of both worlds and removes the stress.

[Kolder]

Everything strategy for trading have advantages and disadvantages.  Your job as a trader is to use the most advantageous strategy at you disposal or combine different positive side of each strategy. Botting could be good or bad,  manual could be slow and steady!

It depends on our time, there will be time for botting and if we want some chances to do manual and do it by ourselves it will be better to do so since we have control on everything we do.

[vit05]

Bot's main function is to profit by correcting some abnormalities in the patterns. It does not serve to make you very rich, after all, you are the one who will be responsible for tracing the strategies. It will help your actions, in the trade, by accurately reflect these previously thought you have.

In the Cryptomarket there are always opportunities in the BTC / Alt pair. It's a very big correlation. And in many cases, Trader exaggerates in a buy or sell order, this opens many opportunities. I think the most important thing is to choose the exchange that Bot will use. Binance seems to me the most used, so the opportunities may be smaller there than in other exchanges. But risking an exchange without volume and low reputation can be bad as well.

But Bot's biggest advantage is that he's cold and does whatever he's told to do. A manual trader can always have more confidence than he should and always try to earn a little more. And with that, end up losing everything.

[hiameneven]

Last time I prefer the bot because I haven't enough time to trade manually and I start to do it rarely..
Every morning I check my tradesanta bot and how much did he trade..

I have never used this bot thing, but I came to know this doesn’t look good. It doesn’t help you much. The market is too shaky so every single time you must play something different.

[upsidedown75]

I'm thinking that I know a strategy to double my Bitcoin holdings (yay me ). I'm wondering if, while waiting for an altcoin to go up in value, can I keep a bot running to try to increase the amount of money it makes or is that a bad idea (essentially, the strategy is simple, buy an altcoin while it's cheap and wait for it to double - i monitored said coins last two cycles and believe it'll do the same again). Would you do this or try to invest the altcoin in a casino and wait for its value to (hopefully as nothing is certainly) increase?

Why would I even need a bot for that in the first place? That is some strategy you can easily just get to play out on your own. Buy altcoins when they are cheap, take advantage of their bull runs and utilize that to increase your holdings in bitcoin over time. I have been doing that now for a while and it has been very productive.

I am a long term trader as I basically do not have much time anyway for short or mid-term, and this is one strategy that so far, as long as you know what you are doing, you look at some historical support and the price action on them, and you are able to know when to stop any possible loss, it is actually always an easy way to get that done.

[jackg]

Why would I even need a bot for that in the first place? That is some strategy you can easily just get to play out on your own. Buy altcoins when they are cheap, take advantage of their bull runs and utilize that to increase your holdings in bitcoin over time. I have been doing that now for a while and it has been very productive.

I am a long term trader as I basically do not have much time anyway for short or mid-term, and this is one strategy that so far, as long as you know what you are doing, you look at some historical support and the price action on them, and you are able to know when to stop any possible loss, it is actually always an easy way to get that done.

I meant more of a bot for when I can't be bothered to look at the short term.
Let's say btc to x is my first trade and that trade goes easy and as expected.
My second trade then is botted between x and y (both coins who tend to follow a similar patternin price but will have different peaks and troughs as one will happen much later than the other but it's not known which way round they'll be). X grows by say 10% (if configured well).

Meanwhile in comparison to bitcoin, x has gone to 2x it's original value so I effectly have a multiplier of 2.2 instead.

[minairia3]

I'd honestly try both holding and also a bit of trading as well. I've never had great luck with bots, and that might just be due to my lack of experience with them, but it's always good to never put all your eggs into one basket. Most bots can be extensively configured, and it takes quite a bit of learning to configure your bot to trade at its best during a bull or bear market. Trading bots also require more maintenance than most people think.

Investing into a casino is a good low-risk investment that I've had very few problems with in the past, but make sure you're only investing as much as you can afford to lose in the end. There's no guarantee you'll get your money back if something happens to the casino you invested in, and the casino loses its funds.

Casino in crypto you mean like the getting popular now in EOS platform? I would love to try bots trading as well to see the difference. I'll make a research about this more and share this to the community if I find anything interesting.

[jackg]

I'd honestly try both holding and also a bit of trading as well. I've never had great luck with bots, and that might just be due to my lack of experience with them, but it's always good to never put all your eggs into one basket. Most bots can be extensively configured, and it takes quite a bit of learning to configure your bot to trade at its best during a bull or bear market. Trading bots also require more maintenance than most people think.

Investing into a casino is a good low-risk investment that I've had very few problems with in the past, but make sure you're only investing as much as you can afford to lose in the end. There's no guarantee you'll get your money back if something happens to the casino you invested in, and the casino loses its funds.

Casino in crypto you mean like the getting popular now in EOS platform? I would love to try bots trading as well to see the difference. I'll make a research about this more and share this to the community if I find anything interesting.

No, to invest in a cccasino is to invest in its bankroll. As the casino makes a profit, you too make a profit. As the casino makes a loss, so o you. It’s normally quite profitable over large periods of time and if you’re strategic with when you put the Monet in-take it out you can do quite well with it.

[dead_m92]

In fact, there are a bunch of bots that are quite useful, i have been using one for a while, but because ot this bear market, it is almost impossible to make a stable profit.

I have stopped using it, and i am going to start using it again as soon as the market recovers a little (there has been a depression for more than a few months already)

I'd honestly try both holding and also a bit of trading as well. I've never had great luck with bots, and that might just be due to my lack of experience with them, but it's always good to never put all your eggs into one basket. Most bots can be extensively configured, and it takes quite a bit of learning to configure your bot to trade at its best during a bull or bear market. Trading bots also require more maintenance than most people think.

Investing into a casino is a good low-risk investment that I've had very few problems with in the past, but make sure you're only investing as much as you can afford to lose in the end. There's no guarantee you'll get your money back if something happens to the casino you invested in, and the casino loses its funds.

Casino in crypto you mean like the getting popular now in EOS platform? I would love to try bots trading as well to see the difference. I'll make a research about this more and share this to the community if I find anything interesting.

No, to invest in a cccasino is to invest in its bankroll. As the casino makes a profit, you too make a profit. As the casino makes a loss, so o you. It’s normally quite profitable over large periods of time and if you’re strategic with when you put the Monet in-take it out you can do quite well with it.