Crypto trading bots - 3commas, cryptohopper.

[Pecunia non olet]

Hi, I am thinking about buying some crypto trading bot to multiply my crypto portfolio. But it costs around 40USD monthly. Worth it? Will these bots make bigger profit than 40USD? And which one is better 3commas or cryptohopper?
Thanks!

[patz22]

Worth it if you have a lot of capital. I have this friend who uses a trading bot application which he is gaining like 1-2% a day so if you will do the calculation you will earn like 25-30% a month which is good. But for me I'll just do it personally as it will train and gain more knowledge or strategies in trading.

[South Park]

Hi, I am thinking about buying some crypto trading bot to multiply my crypto portfolio. But it costs around 40USD monthly. Worth it? Will these bots make bigger profit than 40USD? And which one is better 3commas or cryptohopper?
Thanks!

Before you buy one of those bots you need to learn how to trade by yourself and get profits, once you know how to do that then buying a bot could make sense, I say this because there are many newbies out there which think that if they just buy a piece of software they will make millions with it, but the truth is the bot will only follow the rules that you give to it and if you do not know how to trade you are going to give to it losing rules.

[Lakai01]

I was running a bot for about half a year in 2017. Despite it was a bull market, the bot didnt really make profit compared to the high costs of running it. All in all I ended up with +30$ or so ...

[Pecunia non olet]

Worth it if you have a lot of capital. I have this friend who uses a trading bot application which he is gaining like 1-2% a day so if you will do the calculation you will earn like 25-30% a month which is good. But for me I'll just do it personally as it will train and gain more knowledge or strategies in trading.

He uses 3commas or CryptoHopper? I thought that you can set up trading bot by strategy/signal that you find in the bot, or you need to have some knowledge  about trading?

[VadikZimnyayaRezina]

Hi, I am thinking about buying some crypto trading bot to multiply my crypto portfolio. But it costs around 40USD monthly. Worth it? Will these bots make bigger profit than 40USD? And which one is better 3commas or cryptohopper?
Thanks!

And you know that the exchanges are struggling with such robots, and they are doing the right thing creating an artificial demand for coins. I am personally against it.

[South Park]

I was running a bot for about half a year in 2017. Despite it was a bull market, the bot didnt really make profit compared to the high costs of running it. All in all I ended up with +30$ or so ...

Thanks for sharing your experiences with us, if a bot cannot make profits during a bull market and only gives you 30 dollars after all its costs are taken into account then what it is the point of having and using that bot? Any professional trader could have gotten a fortune if he was trading during the bull market, besides I am not sure I could be willing to give control of my money to a bot, I say this because losing money is already very hard but losing money because of a bug in a bot will surely piss me off.

[sunsilk]

I haven't used any trading bot but I have read some reviews before that it's worth it for them because they have always a busy day and they're all passing the job and let the bot do all of those things.

But I have read some negative comments too, so before deciding to buy one think of it like ten to twenty times. Because it's a monthly basis for the payment, there are bots that has full time payment right? IMO, I'll practice manually trading and it's enjoying on my part but this is just me and we have different situation.

[BigBoy89]

I was running a bot for about half a year in 2017. Despite it was a bull market, the bot didnt really make profit compared to the high costs of running it. All in all I ended up with +30$ or so ...

Same here... I've tried Cryptohopper with their Adventure Hopper plan for few months and different strategies and I'm barely even, maybe on a slight profit.
I have similar experience and with other bots. After months or trials and errors, I decide to stop using bot and star using my brain. Result are better.

[Lakai01]

Thanks for sharing your experiences with us, if a bot cannot make profits during a bull market and only gives you 30 dollars after all its costs are taken into account then what it is the point of having and using that bot?

Well, I did it merely just for fun. Bought a raspberry pi3, set it up and tried a lot of different trading bots with a lot of different strategies. I learned a lot and it wqs fun as long as it lasted, but you wont get rich with it. All in all I wouldnt invest in any bot, I think you even wont break even ...

[bttmember]

As far as my personal experience is concered their is no bot that can consistently generate profit, although i have not used this auto trading feature but it should be allowed to participate in both the bots and indicators.

[aundroid]

Well, I did it merely just for fun. Bought a raspberry pi3, set it up and tried a lot of different trading bots with a lot of different strategies. I learned a lot and it wqs fun as long as it lasted, but you wont get rich with it. All in all I wouldnt invest in any bot, I think you even wont break even ...

Are all of these bots actually subject to a charge or are there also free bots available?

Since you've tried multiple bots, do you have any recommendations?

[Lakai01]

Are all of these bots actually subject to a charge or are there also free bots available?
Since you've tried multiple bots, do you have any recommendations?

The first bot I used was a self written balancing bot (it tries to balance out fiat and BTC based on a rate, e.g. 60% / 40%). But it wasnt capable of any trading strategies so I tried some free trading bots out there. The by far best bot is "Gecko Trading Bot" in my opinion. It is very easy to set up, has a self-explanatory UI and a lot of trading strategies built in. I would give it a try if you are interested in it. Just load your favorite exchange with some BTC (I was trading 0.1 BTC back then) and let Gecko trade. Some of the trading strategies require a lot of historical data, so it may last 1-3 days until Gecko trades the first time!

[Pecunia non olet]

Well, I did it merely just for fun. Bought a raspberry pi3, set it up and tried a lot of different trading bots with a lot of different strategies. I learned a lot and it wqs fun as long as it lasted, but you wont get rich with it. All in all I wouldnt invest in any bot, I think you even wont break even ...

Are all of these bots actually subject to a charge or are there also free bots available?

Since you've tried multiple bots, do you have any recommendations?

I would rather trust some paid bot that is constantly updated and that makes real profit by following real proven strategies.
But, also if someone has free bot, then share it with us!

[sunsilk]

Are all of these bots actually subject to a charge or are there also free bots available?

Since you've tried multiple bots, do you have any recommendations?

Most of the bots that I see are the paid ones and many are using them like gunbot. There are features that you can enjoy if you're going to buy one with license unlike the free ones.

I would rather trust some paid bot that is constantly updated and that makes real profit by following real proven strategies.
But, also if someone has free bot, then share it with us!

If you guys are going to use google, you can see some websites that offers free bots. But as you mentioned, you better don't trust those kinds of bots if you really are into trading using a bot.

[socks435]

Crypto bot is useless if the market is in bear market because the only use of crypto trading bot is to automate your trading activity and it can't gives you a profit or rich fast with any bots.
If you know how the market works and you have many experience on trading and if you are handle more than 10 coins well, crypto trading bot is good just to automate your activity but treating it as profit generator it gives you instant big profit and become rich instantly.

[Vit83]

IMHO there is no sense to sell bot if it is profitable) Why just don't use it and get more profit)

[swetka]

IMHO there is no sense to sell bot if it is profitable) Why just don't use it and get more profit)

In fact, today there is a lot of information about the positive trend in the use of trade bots, which means that therefore their price is really solid. Thus, I would like to say that if there are prospects for the use of the trading Bot, then it is really better to use it in a round-up and make a profit not only now but in the future, rather than receive a one-time income from the sale.

[ckorbba]

IMHO there is no sense to sell bot if it is profitable) Why just don't use it and get more profit)

In fact, today there is a lot of information about the positive trend in the use of trade bots, which means that therefore their price is really solid. Thus, I would like to say that if there are prospects for the use of the trading Bot, then it is really better to use it in a round-up and make a profit not only now but in the future, rather than receive a one-time income from the sale.

in my opinion, no bot can do the work that an experienced trader does. On the basis of But, we must work on the cryptocurrency market ourselves in order to gain experience, Let it not even be active. In any case, we must learn even from our mistakes.

[Vit83]

IMHO there is no sense to sell bot if it is profitable) Why just don't use it and get more profit)

In fact, today there is a lot of information about the positive trend in the use of trade bots, which means that therefore their price is really solid. Thus, I would like to say that if there are prospects for the use of the trading Bot, then it is really better to use it in a round-up and make a profit not only now but in the future, rather than receive a one-time income from the sale.

in my opinion, no bot can do the work that an experienced trader does. On the basis of But, we must work on the cryptocurrency market ourselves in order to gain experience, Let it not even be active. In any case, we must learn even from our mistakes.

My friend bought one bot to test. Not this just another one. We tested it a little bit. Even with the bot you must understand what are doing. You must make proper settings before it becomes profitable.