Do crypto trading bots really generate profits?

[$Andreyka$]

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?

Until you check, you won’t know! You can test it on a small amount. You need to remember that not bots make a profit, but those who set them up. A bot is just a set of algorithms. You need to have a profitable strategy and make a bot for it, otherwise you will fail.

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[Little_king]

i think it does for those that use it regularly but the issue we had is the loss control over it cos market could be funny at times which might swing and bounce back but the setting might just hit the stop lost and bounce back for purpose of gaining more momentum.

[Strongkored]

It is very risky to trust bots to trade because from the experience of some of my friends who lost their money on the exchange because they could not make withdrawals to their personal wallet

If the reason why trading with bots is risky why don't you withdrawal through the exchange website.

We must remember if trading bots are not suitable if you look for passive income. -snip-

Not only trading with bots, also trading through exchange website is not to generate passive income, if you looking for passive income invest your money in stock (share) and wait for deviden.

Trading with bots will have risk if don't have knowledge how to use it and when use bot that not from trusted developer, many one wrong perseption about it, they think bots for generated profits, trading with bots only to help us to execute the transaction auto because already set it.

[plast555]

It is very risky to trust bots to trade because from the experience of some of my friends who lost their money on the exchange because they could not make withdrawals to their personal wallet

If the reason why trading with bots is risky why don't you withdrawal through the exchange website.

We must remember if trading bots are not suitable if you look for passive income. -snip-

Not only trading with bots, also trading through exchange website is not to generate passive income, if you looking for passive income invest your money in stock (share) and wait for deviden.

Trading with bots will have risk if don't have knowledge how to use it and when use bot that not from trusted developer, many one wrong perseption about it, they think bots for generated profits, trading with bots only to help us to execute the transaction auto because already set it.

Trade bots sold for free in the market may not make a profit. However, trade bots made by robust developers are subject to monthly and annual pricing. And powered by artificial intelligence technology, these boots can be quite profitable for some.

But if you want to get passive income, you can browse the sites that give dividend.

[hashman]

Crypto trading bots can generate good profit if the algorithm running behind is very good.
Crypto trading bot can just check the market and trade according to the algorithm which is written by a Human.

If the person who wrote the algorithm is an expert trader, it is possible to make profit with crypto trading bot.
The bot can follow all market with various indicators and trade according the indicators which take place in algorithm.

Better than trade with a trading bot, you may just use the bot for finding the potential coins and you can make your own analyses on these potential coins and give decision for buy or not to buy.

[Denlon]

Nooo. Crypto trading bot it's no people. If what's happening and bot crush, you get very big problem with you money. And if bot no on AI, it's bad bot.

[Murat]

If the trading bot could provide guaranteed profits why the owner/creator selling the bots? He could use the bot for himself and generate fixed profits. I see people create bots and then advertise their bots. I wonder why they put a decent amount of money on marketing? they could use the money on their creation and they would make more than selling a bot. Also, I wouldn't trust this bots with my money. Since the bots are connected to internet bot creator can easily sell his deep bag to all his clients. I think i could make more money than using a bot from trading. Currently, the market condition is not suitable for altcoin trading as well.  

The bot you mentioned is not that much popular here. I see a lot of good reviews for Gunbot & also top members on this forum were advertising the Gunbot.

[motun01]

I have tried trading bots in the past, bituniverse to be precise and i can say that trading bots are very good when set up right but they thrive in volatile market conditions.

And when the market is crashing you can set a stop loss against USDT to prevent you loosing money.

Trading bots require some level of periodic supervision to keep up with market price trends

[Arsenyo]

Personally I trade manually. I agree that crypto trading bots could make great profit, but only for experienced crypto trader. It depends on how strategically the bot is set up as bot can only generate profit for one who knows how exactly to use the bot.

[jarhed]

Personally I trade manually. I agree that crypto trading bots could make great profit, but only for experienced crypto trader. It depends on how strategically the bot is set up as bot can only generate profit for one who knows how exactly to use the bot.

Bots must win money from someone, I think that most bots work mainly on commission fees for exchanges. Bots in principle cannot earn on the cryptocurrency market on a large scale.

[mirgo1791]

i am also working with kripik bot for cryptobo
if with interest to work with the martiangale bot for satoshi bo service please contact me

[ttcsalam]

It works, but does not offer much profit. It works slowly. However, there are many benefits. Which helps a lot in trading. One thing can be taken advantage of, but it can be profitable.

[Shepard777]

I think that it is not worth trading in trading bots, because if they were profitable no one would sell them, because why should they do it if there would be less profit after the sale, since everyone would start trading in the bot, which means one strategy. I am sure that there are such bots but only those who created them sell them.

[Faxmate]

I think that it is not worth trading in trading bots, because if they were profitable no one would sell them, because why should they do it if there would be less profit after the sale, since everyone would start trading in the bot, which means one strategy. I am sure that there are such bots but only those who created them sell them.

Well, I myself am not a very big fan of trading bots. It is not the matter that these are useless when come to producing any profits but the real thing is a bot can be only as efficient as it was created. It cannot own a great mind like us, humans. It does not have any intuition or complex thinking like us. In order to get gigantic benefits and most out of investment, one should mostly rely on his own capabilities.

[attech21]

Bot in cryptocurrency have a purpose they work the other works of human they can produce a profit and they can also increase your funds by giving then a fund from yours. But the disadvantage of it they make profit slowly also it depends on how did they created if they are wise of just know how to create profit.

[kramchers]

cryptobots are made for the auto trading, but the profit will still depends on the users!
On how they program the bot they are using. This one will just follow the orders you put inside it.
You can also lose money on this!

[akirasendo17]

I think bots can generate profits if you use it properly but I think thats cheating on the sides of the people who only trades manually
and threats on the trading bots users, because they really dont know whats really are program on those, we don't know if they injected something malicious in the bots and after a few trades they will steal your holdings so be very careful

[Impaler]

Yeah it is profitable if owner of the not is a good trader otherwise its useless Traders who make plans and configure the not. Then its start working. If you are new then I wpild not suggest you to go for a not.

[man22555]

I have tried lots of bots but none of them was able to generate constant profit. I recommend to trade on your own. You will probably do better.

[dannybrown]

I tried some trading bots called Paratica and 1 more i do not remember and if you do the rigt things, it actually does give profit. For example in Paratica, you follow people and it does every buy/sell order that that user does so your profit and loss remains the same with the strategy owner. I actually like that system because I am unable to use indicators nor create a strategy.