Do crypto trading bots really generate profits?

[crwth]

I'm not sure what the reputation for Smartcoin bot has but as far as I know, there's no Smartcoin bot in the forum announcing or anything. The last thread that could be remotely near to the name is this thread but looking at the website, it's not that familiar too.

What I use is Gunbot, and I'm a reseller of it too. So if you are interested, I could help you out and just pm me and you could check my website. https://gunbot.ph

Anyway, it has been helpful to me, especially the part where my bot is just continuously trading for me and the latest product created by Gunthar, BitRage it has been a really good software and profiting now. The release is quite near.

Bots would assist you with your trading, not make magic for you and earn instantly. You need good settings too.

[makishart]

It really depends on how the traders are building strategies while trading. It depends on the taste of  trader whether they are technical traders or fundamental and according to my experience if a bot or tool says that they can outperform the market, you need to stay away from that. No one can outperform the market in the long term, and yes trading tools can help build strategies to make informed decisions. Recently one of my friends suggested a trading tool named SmartBotCoin.

I haven't used this tool and am not familiar with this so I researched and found the features on their website look good. But as a trader, my main focus is to maximize my trading portfolio so I usually like to be sure before using a product/service. Crypto is a once in a lifetime opportunity so I am very cautious before using any product/service that is related to trading/investments. Do you think it's worth trading on this tool?

Use only a reputable bot trading remember about it's a big risk decision consider the creator can even put the backdoor and the hacked case caused by that reason already happened once time with the binance traders. Use gunbot or something else that already got a lot of reviews.

[caffu chino]

is there a trading bot that can give us consistent profit?
unfortunately no one can guarantee this, so it's better not to use a bot. just by analysis, this is better than believing in bots. for the long term using a bot, it's very risky, I really don't recommend this.

[peterlustig]

I have never used smartbotcoin before but I have used plenty of trading bots in my time at crypto and they do sometimes generate really good profits. But as you know crypto is an extremely volatile market and because of that loss is also expected sometimes.

[Ikinumba]

There is no way to stop losses with bot that's why i don't like using bots but is a good trading tools for those who doesn't know how to trade at all, wolfpack bot have a different trading strategy and its the best one so far

[D3m1r4wanti]

nowadays there are so many exchangers that use bots as a way to turn on trade transactions on their exchangers.
so far according to what I have experienced trading with bots is still profitable, although the benefits are not too large but it can still give you an advantage.

[Barracuda]

It all depends on the reputation of the Bot itself. Because now there are many trading bots that are said to be good, but the reality is that many make people experience big losses. If I may suggest, it's better to do your own trading than using a bot. You can control each of your trading activities.

[Apes]

at some point the bot existence very helpful. but I prefer to use my own analytical skills in trading. maybe at a low volume and investment
you can trust it. but I've never heard that bots really give big profits.
when I use my money I don't play with a puppet.

[MonsterV]

Even though I don't use bots in my trade, I have never heard of Smartcoin bots. I often listen to a number of projects in the announcement section, but there is no trading bot named Smartcoin. At least you provide some description or thread that explains the Smartcoin bot, so that we can judge about the bot. If like this, we can only say it is a garbage bot that does not have a reputation and good feedback.

It's worth to try and i will try to suggest you search the bitcointalk gunbot thread and there was a lot of testimony from the users and they have already submitted their own proof to and it's working perfectly when you know how to use it.

Actually it's not good to use any bot including gunbot and I don't recommend that. The trading algorithm that bots have, cannot always work on all market conditions. My friend and I have tried a number of bots including Gunbot, but that doesn't give a return on profit. I prefer trading with manual analysis, although I have to be patient at least the results are quite satisfying.

[Sacramentus]

I think trading bots are really good to be honest, I used the bituniverse trading bot and so far it has been great. I just got to know about this bot and it has some great features. One thing to note is that this trading solution can have its disadvantage

[TheClownSong]

at some point the bot existence very helpful. but I prefer to use my own analytical skills in trading. maybe at a low volume and investment
you can trust it. but I've never heard that bots really give big profits.
when I use my money I don't play with a puppet.

I agree, it's better to use our own analysis. Trading bots may be good because they are not affected by psychological prices or trading without using emotions, but trading bots cannot deal with extreme price movements.

[udidrone]

If the user really understand about his bot, maybe can make profit. Of course people who make that bot will aim something and not just waste their money in trading fees. But for other people who can't use it maybe it be something that not really good to make profit and pick traditional trading.

[thiscomm]

of course this tool is highly recommended for traders. SmartBotCoin is a tool for traders with very good features and is certainly safe for its users and this tool is very supportive of developments towards profit by traders. because of the huge need to see developments at any time in the market, I strongly recommend traders who have not used this tool to use it.

[klaaas]

Trading bots?
They are just tools to automate your trades which means you are still the one who would set it up and run it according into your command so it doesn't make any difference compared on manual trades

No setting up is not always needed like Bitrage from gunbot as example. About the manual vs automated, the speed of the calculations and the speed a bot can do trades cant be matched by manual trading.

[asbak66]

I don't know cause o never use it before on my trading experience but I think it's more safe if you doing your trade by your own. Cause you make your own decisions and you know all the risk if you doing trading by yourself. Bot trading isn't safe and can't fully trusted for me.

[sulis sudibyo]

there are no bots that provide long-term benefits. sooner or later you will lose if you continue to use bots. this is based on my experience in forex trading using EA. The bot is only good at the start, but when it's been running for more than a week you'll see the changes.

[farraddy]

I think that the human mind can not be replaced by a bot...at least for now. But the bots use the exchanges themselves to wind up sales volumes.

[puertorikosena]

The cryptocurrency market is unpredictable and very volatile. Therefore, it is difficult to make a trade forecast. Some proven patterns do not work at all on a crypto machine. However, trading bots are applied here. Personally, I have never used bots, but I think that with the development of the market, more and more people will use them.

[slaman29]

If the user really understand about his bot, maybe can make profit. Of course people who make that bot will aim something and not just waste their money in trading fees. But for other people who can't use it maybe it be something that not really good to make profit and pick traditional trading.

You misunderstand bots. People make bots and then they have to feed the bot with scripts still, which contains the rules of how you want it to trade, how you want it to react to the market.

So it's those rules users need to understand, not the bot.

[raidarksword]

I don't like bots at all it feels like cheating in my opinion. Why bots are allowed anyway on some exchanges? They annoys me when i'm trading give me hard to time adjusting on buy or sell orders.