Do crypto trading bots really generate profits?

[forexandcryptoauditor]

There are many exchanges at the moment, offers bot trading. As you mentioned, technically of fundamentally analyzing, it mentions about the % of profit it can generate. I have never used bots till now for trading(may be I do not have enough knowledge on that), but sometimes feel to use such services.
I think its better we should avoid using bot strategies.

[Kirito-kun]

Some people are skeptical about trusting bots in this industry but I think bots are needed more right now because not all the times we can monitor everything happening in the trade. Plus side, the bots are great to hype the market. It's true that it can be used as leverage and a "cheat" but there is really strength in numbers. For the platform of the SBC, I like its idea to include all the features and services that multiple sites have. The site itself looks pleasing in my eyes and it have tutorial videos and some helpful tips to ensure the security of the trade.

[pleasedont]

Do you think it's worth trading on this tool?

Like you said, a TOOL.

What does a certain tool do? To help people makes life easier. In trading, bots will do the work for you in terms of execution of your orders.

Even while you sleep, away from the desk, currently on other chores; it will follow your command. Therefore, a profit will still depend on how the markets behave.

[FanEagle]

Even though it is called BOT, still without the contribution of the user manually too, it can never be completely perfect, I have used BOT before when BOT developers were still real and not full of lies, it is just like the way ICO first came out, but we can see what it has been turned to now ,this is the same way scammers has taken charge of bot and using it also as a means to have access into people’s trade and account to be able to manipulate it, so most of the BOTS we have right now , are just full of malwares.

Therefore, I would not really advice you to use any BOT service or else, you may get what you did not bargain for. For me, it is better you even trade with your God given brain than to consider bot that is not being developed to trade half way for you and then use the remaining half to steal your money.

[papagravel]

I do not trust bots, because I cannot know what is contained in the program code and whether the bot can steal your money or not. I'd rather trade myself than expose myself to such risks.

If you write and configure such a program yourself, then it is quite possible that it will be able to bring you a profit.

[Uju4real]

I don't believe in all these bots, they show you fake volumes that are not real and so I see it as a way to defraud people and not generate any profit. I will rather stay very far away from them

[letyouearn]

I prefer using bots or any other trading software only as some sort of support programs, indicators and data analysers. You can't just set up some program or give money to some website and expect good results without taking part in the process. Imho.

[chanler]

In my opinion, the use of the trading bot is to ease the users in trading, to make more effective time, read the market updates, and also see the prospects. It will be able to help the traders to make a fast decision and know the latest updates. The advantages of the trading bots that will work or not will depend on the system itself, if it can work well, it will probably give us profits and help us ease to earn money.

[balayboaralph]

It definitely looks good since it has a leaderboard in where we can copy the successful ones which can help us that are still noobies in trading. It's still a bit new but worth giving a try.

Yes, I definitely agree, especially for the newbies in this industry since it's automation, you still have the power to set up trading on your end.

[dataispower]

I don't really know about smartbotcoin tool mentioned in this context, but the use of trading tools generally depends on the uniqueness and also the trader using it. Do not just pay for a tool without having knowledge or doing some deep research about it, it's an easy way to lose money if you are not careful. Well, trading bots aid but not 100% as you may know.

[lobo13hf]

I don't believe in all these bots, they show you fake volumes that are not real and so I see it as a way to defraud people and not generate any profit. I will rather stay very far away from them

It looks like you never use a trusted bot trading tool and you just accused it like you have used that so many times. it will not show volumes because the BOT used API that connected to the exchange site and BOT was only getting the data from there, dude. So many people have made their own testimony and how can you deny that if you are never trying to use it?

[AlaEhBTC]

I think to use this this bots is you need to pay them too. My friend who uses bots for trading says that he really earn some profits. Just learn about the process first before using bots.

[South Park]

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?

You say that no tool or bot can outperform the market and yet you are a trader, why is that? The truth is there are some traders that can outperform the market but you need the right strategy, if you have that strategy already then then only step left is to create a bot that can trade like you, so in theory a bot can outperform the market and the best part is that the bot will never get tired or make a mistake, however many of the people looking to buy bots do not have a winning strategy and will lose their money at an even faster pace.

[max6575]

to work on extensive as referring less on spares as decision to work on release with resource on possession and collects as gathering nominal of profit with the end of terms.

[Denongels]

I am not an expert in using bots but it seems that it depends on how to trade if we incorrectly set the bot maybe the results will make the portfolio drastically reduced and at this time I have not tried using a bot because finding a good setting is still difficult but my colleague offered to help use bot from bituniverse (grid bot) but I reject it.

[campusnet]

I think that in the crypto industry you should not trust third-party developers. Moreover, this program can very easily manage your finances.

yes, it won't be good for managing our investment. even I can say it is a big risk of manipulation and we will feel a loss.

[Pecunia non olet]

I tried many crypto trading bots like Cryptohopper or 3commas. But they do not offer complete trading solution, I like SmartBotCoin, it is something like eToro - social trading platform but focused only on cryptocurrencies.

[Turkish88]

You can write your won bot, at minimum you need to read how this bots work, then all your questions have answers.
Bots work on algorithms create yor own and then maybe they generate profit, free bots on network very simple and have minimal features

[rickyNmorty]

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?

I am also a trader and it's my first time using a trading bot just like you said which is the SmartBotCoin, and it helps me a lot in every trade that I make. So I highly suggest trading bot for newbie in trading just like me. But be careful on some scam bot so I highly suggest using SmartBotCoin which is a trusted one. 

[adzino]

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?

I never used a trading bot and never heard of smart bot coin. I would suggest people to be careful when using such bot. Take more caution if you will have to download anything as those software might infect your computer. Always try to use an open source bot.
There is no difference between a bot generating a profit or a human doing it. All bot does is make everything automated. You may still suffer loss when using a bot.