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Author Topic: Do crypto trading bots really generate profits?  (Read 3152 times)
Alpayno
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August 06, 2019, 05:40:16 PM
 #81

yes and it will depends on what trading platform you/ we use, me I recommend using SmartbotCoin because it has a cool features and perfectly good for beginners, also it has a feature wherein you can automatically trade and it will trade you good and when you have a questions you can easily contact or see their youtube channel, there are videos uploaded that explain every sections of the platform for a better understanding. and as I can see and hear smartbotcoin has a good feedbacks form my friends so I highly recommend this platform to try.
Boardmangetpaid
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August 06, 2019, 06:17:14 PM
 #82

Trading bots in and of itself don't generate profits on its own per se. This just gives the trader the convenience of automation. A good trading bot is only as good as its features and I personally think SmartBotCoin has the features to compete with the top platforms.
Aryleeto
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August 06, 2019, 08:03:32 PM
 #83

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 doubt that in the long term , bots can make a profit , it seems to me only for the short-term form can bring something , but it is better to learn to trade.

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ClvrGmr
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August 06, 2019, 10:28:45 PM
 #84

You are right about trading tools but in the other hand some will be very beneficial if you maximize its potential. Like the SmartBotCoin, they have a real time exchange view updating very frequently and as a trader this will help me a lot. Seeing every changes to a certain product will surely add up to the success you want to achieve.
Muttley
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August 06, 2019, 10:30:13 PM
 #85

Bots just do what you program them. If you are +EV trading manually, a good settled bot could be profitable.

Starfranko
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August 06, 2019, 10:34:18 PM
 #86

I have never attempted using a bot abd won't be trying doing that any time soon
Menawi12
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August 07, 2019, 01:05:47 AM
 #87

In any case, you must first choose the best bot and learn how to use it in order to have good results.  But I responsibly declare that the best results can be achieved only by personal work and by conducting a technical analysis of the cryptocurrency market personally, and not with the help of the program.  Here are just a little time for personal life.

I agree, by trading alone, we come to know how to read price movements in the market. Indeed trading bots can help traders to get profit but I think it's better to do it yourself. If the prediction of the bots is used as a second opinion, I think it can help us in the market

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cloverchips
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August 08, 2019, 07:27:20 PM
 #88

I have never tried bots but many people have given the opinion that bots are very profitable. therefore many people can benefit. but in terms of risk, there is more management because usually targets have been set
On exchanges when trading, I often notice the work of bots. In my practice, they are not very effective, they can be manipulated manually.
I guess it is designed for beginners especially the trading bot. Smartbotcoin really did a good job on adding it with real time pricing on board.
gabbie2010
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August 08, 2019, 08:12:02 PM
 #89

I am skeptical about trading with a bot in the cryptographic market. Too much volatility and big risks. My friend trades using a bot, but in the forex market.
EA Expert Adviser is the automated tool used in forex trading while bot is synonymous with crypto trading while I prefer manual form of trading which I believed is easier to manage trades obviously trading with bot and EA enables a trader to set up trades automatically but I doubt if its profitable on a long term perspective due to difficulties in predicting the nature of crypto markets.

Spiegelman123
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August 08, 2019, 08:27:41 PM
 #90

Hi peers, I got interested in mining and trading bots recently and wanna hear your experience. Especially altcoin mining as I have read it is a profitable niche, or better old good BTC? In essence, tell more about mining, how to start, etc Or better buy a trading assistant?
FloatOn70s
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August 08, 2019, 08:30:51 PM
 #91

Hi peers, I got interested in mining and trading bots recently and wanna hear your experience. Especially altcoin mining as I have read it is a profitable niche, or better old good BTC? In essence, tell more about mining, how to start, etc Or better buy a trading assistant?
You'd better specify your question a but as I can tell many interesting facts and my own experience about mining in US. To be short I have quit my job and invested in mining equipment after regarding for a long time
Spiegelman123
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August 08, 2019, 08:36:20 PM
 #92

Hi peers, I got interested in mining and trading bots recently and wanna hear your experience. Especially altcoin mining as I have read it is a profitable niche, or better old good BTC? In essence, tell more about mining, how to start, etc Or better buy a trading assistant?
You'd better specify your question a but as I can tell many interesting facts and my own experience about mining in US. To be short I have quit my job and invested in mining equipment after regarding for a long time
Wow, that sound really interesting, how about your earnings?
FloatOn70s
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August 08, 2019, 08:37:18 PM
 #93

As I have started recently, I have a big loss, but every month I earn much money to live and to payback the price of miners
Spiegelman123
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August 08, 2019, 08:43:55 PM
 #94

As I have started recently, I have a big loss, but every month I earn much money to live and to payback the price of miners
What about price? Where you would recommend to buy? Online?
FloatOn70s
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August 08, 2019, 08:45:14 PM
 #95

As I have started recently, I have a big loss, but every month I earn much money to live and to payback the price of miners
What about price? Where you would recommend to buy? Online?
Yes, there is no need now to search an offline point to purchase. I made my orderd on globemining com. They sell really up to date equipment and have a guarantee on all of their devices. I bought 8 of them.
Spiegelman123
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August 08, 2019, 08:50:42 PM
 #96

As I have started recently, I have a big loss, but every month I earn much money to live and to payback the price of miners
What about price? Where you would recommend to buy? Online?
Yes, there is no need now to search an offline point to purchase. I made my orderd on globemining com. They sell really up to date equipment and have a guarantee on all of their devices. I bought 8 of them.
So you paid for? What devices you have now?
FloatOn70s
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August 08, 2019, 08:52:10 PM
 #97

As I have started recently, I have a big loss, but every month I earn much money to live and to payback the price of miners
What about price? Where you would recommend to buy? Online?
Yes, there is no need now to search an offline point to purchase. I made my orderd on globemining com. They sell really up to date equipment and have a guarantee on all of their devices. I bought 8 of them.
So you paid for? What devices you have now?
8 S17 models, they are awesome. Just no need to explain how it feels to earn and have much time to spend with family. A great option
Spiegelman123
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August 08, 2019, 08:58:29 PM
 #98

As I have started recently, I have a big loss, but every month I earn much money to live and to payback the price of miners
What about price? Where you would recommend to buy? Online?
Yes, there is no need now to search an offline point to purchase. I made my orderd on globemining com. They sell really up to date equipment and have a guarantee on all of their devices. I bought 8 of them.
So you paid for? What devices you have now?
8 S17 models, they are awesome. Just no need to explain how it feels to earn and have much time to spend with family. A great option
I want to combine mining and trading, worth it?
FloatOn70s
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August 08, 2019, 08:58:56 PM
 #99

As I have started recently, I have a big loss, but every month I earn much money to live and to payback the price of miners
What about price? Where you would recommend to buy? Online?
Yes, there is no need now to search an offline point to purchase. I made my orderd on globemining com. They sell really up to date equipment and have a guarantee on all of their devices. I bought 8 of them.
So you paid for? What devices you have now?
8 S17 models, they are awesome. Just no need to explain how it feels to earn and have much time to spend with family. A great option
I want to combine mining and trading, worth it?
Definitely choose any featured altcoin and start mining
btccrusher
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August 08, 2019, 09:08:42 PM
 #100

Trading bots are not for long-term profit. Bots can perform well only in day-trading, at-least it can make a better decision than you. But yes, it also depends on your strategies. For example, if you set BOT in the low-liquid market, it cannot make profits for sure.
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