Do crypto trading bots really generate profits?

[FLHippy]

I would be really interested in such solution, if someone has real profit for few last months, then do not hesitate to contact me, I will become your ref.
It is a dream, to earn and sleep. 

[meliodas]

Yes, they generate profits but it is hard to find some legitimate cryptocurrency trading bots since most of the offers that I saw online are just from the scammers because I saw the feedbacks that it is not really working and it turns out that they are losing money instead of making money. Bots are easy to manage because you just need to adjust some commands and after that you can easily sit back and relax.

[Mike Mayor]

I don't trust it. I find it hard to believe you can automatically generate profit. Some things I do know what you can do with a bot have it watch the market for when you not around and sell and buy according to your settings. So you don't miss good trades because you were asleep. Surely you cannot just leave the bot? You must have to come back to it every now and again to reconfigure it for the next few days of trading. I worry it makes a mess while I am away and I end up losing money or worse a $0 account.

you see gunboat and cat advertising here and they have good reviews and no bad trust or scam accusations so I really do not know what to make of it all. Hopefully, someone here knows what they are talking about and can help me understand?

[Shasha80]

Although trading bots are legal in some exchanges, they are also widely used by some people.I personally am not sure that using trading bots can generate large profits, because as we know cryptocurrency prices are unstable and volatile. So from my opinion manual trading is better than using bots. Maybe some people imagine easy to use trading bots and can get instant profits, but in reality the use of trading bots is not as easy as thought. Must be able to do the settings on trading bots, whereas crypto prices are difficult to guess. How to find the right formula if like that, my advice is not to be easy. It's better to trade manually, by honing our skills in analyzing markets and coins.

[mr_random]

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.

If the trading strategy is profitable, copying the details for trading bots will do the same job. The profitability will not be the same figures but the low level of physical work is required. I have used the arbitrage trading bots, these trading bots can generate a passive income but the profitability depends on the market conditions, exchange, the liquidity and the daily trading volume of the selected altcon pair.

[chanc3r]

you see gunboat and cat advertising here and they have good reviews and no bad trust or scam accusations so I really do not know what to make of it all. Hopefully, someone here knows what they are talking about and can help me understand?

If you don't know how to use it and just visit the gunbot thread and asking someone to give an explanation how to use the bot. I see no point from your post.
that doesn't make sense to see you are giving feedback to the Op while you are having zero knowledge about that.
I thought if you are joking right now.

[boltz]

If you know how to manage them in order to cover the month fees for keeping them running , bots can be very profitable but it all depends what coins are you gonna trade and how to set margin calls. Just because you bought a trading bot this won't guarantee you instant profits so make a deep research about them and how to use them but remember you need a nice amount of money in order to make profits as it has a monthly subscription when you buy it.

[lumierre]

I would be really interested in such solution, if someone has real profit for few last months, then do not hesitate to contact me, I will become your ref.
It is a dream, to earn and sleep. 

With bot trading, speed is a big advantage. Cryptocurrency trading bots work 24/7, which allows them not to lose their advantages. Having access to data from several exchanges and adhering to predetermined investment strategies, they can make thoughtful transactions faster and more often. However, you must always control them and be ready to trade yourself each time, you see bot does not work.

[Neo.op]

Some of them actually make you get profits but they are usually paid ones. I have not seen a single free trading bot that can give you profit. Mostly, good features are unlocked via paying to it and people cannot afford it. Market is going up and down, honestly, I would not trust any trading but. I would just stay on BTC for now.

[awakpane]

I think, if trading bots does not turn a profit. it actually produces losses. because the trading of bots is unclear in volume and there are many con artists. therefore we must be careful in trading.

[amonymous]

As that first if you have good skills for trading then it must profits for your chance but skills without trading do not give you good profits. So i can't say trading strategy profitable without a stable provement even i am here low skills in trading.

[Aying]

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.

I haven't heard that there are trading bot that will give or generate profit. even telegram bots or whatsoever that my friends give to me I didn't believe them because my time will waste of that kind of bots. there are paying bots but thats not enough profit you will receive. don't take your time and funds at risk. just learn trading methods you can earn more than that.

[erickastella]

in my opinion there is a risk of using trading bots, because the experience of my friend whose balance of nearly 3000 USD is lost somewhere, he explained, lastly he used a trading bot, therefore I only recommend to be careful in using trading bots, not I forbid but just remind.

[Edraket31]

in my opinion there is a risk of using trading bots, because the experience of my friend whose balance of nearly 3000 USD is lost somewhere, he explained, lastly he used a trading bot, therefore I only recommend to be careful in using trading bots, not I forbid but just remind.

Not at all trading bots are generating profits, not all of it, there is also big risk in having it, if that bot is creating profits all the time, so we don't need to learn trading at all, we just need to buy trading bot, set up and let us sleep whenever we want. I don't it works that way, or else no one will sell a bot as they will use it on their own good.

[agentx44]

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?

According to my very few knowledge about trading bot, I think they do generate profits but the things is, it's not all the time. Trading bots just came out recently providing convenience and salvation of one's personal time since all of the things you are supposed to do are already substituted by an AI bot. The system is not yet perfect I think so the probability that it is generating profits is not yet 100% so it would still be better if you will regulate your profits manually than automatically. It may be boring but it will be worth it for sure.

[Pamadar]

in my opinion there is a risk of using trading bots, because the experience of my friend whose balance of nearly 3000 USD is lost somewhere, he explained, lastly he used a trading bot, therefore I only recommend to be careful in using trading bots, not I forbid but just remind.

Not at all trading bots are generating profits, not all of it, there is also big risk in having it, if that bot is creating profits all the time, so we don't need to learn trading at all, we just need to buy trading bot, set up and let us sleep whenever we want. I don't it works that way, or else no one will sell a bot as they will use it on their own good.

Good point, though there's some existing paid bot who can generate if you also knows how to set it up properly. Trading bots are still relying with how
the users will set it up, the market fluctuations affects the executions of the bot, the more you understand how to ride with the volatility of this industry the more chances that you'll be able to work with your bot and make it profitable for you.

[Bonenx14]

in my opinion there is a risk of using trading bots, because the experience of my friend whose balance of nearly 3000 USD is lost somewhere, he explained, lastly he used a trading bot, therefore I only recommend to be careful in using trading bots, not I forbid but just remind.

Not at all trading bots are generating profits, not all of it, there is also big risk in having it, if that bot is creating profits all the time, so we don't need to learn trading at all, we just need to buy trading bot, set up and let us sleep whenever we want. I don't it works that way, or else no one will sell a bot as they will use it on their own good.

Because every bot can make mistakes and does not continue to benefit its users, maybe I personally use the analysis done on the telegram bot because they provide an explanation of the coins they are referring to and that is more useful for the future because I can use that knowledge compared to just follow the bot and get only profit

[dataispower]

in my opinion there is a risk of using trading bots, because the experience of my friend whose balance of nearly 3000 USD is lost somewhere, he explained, lastly he used a trading bot, therefore I only recommend to be careful in using trading bots, not I forbid but just remind.

More than 70% of trading bots which claim to be generating profits do not work, that's the candid truth. From experience, practice trading by yourself, learn TA properly, even if you lose for some trades, you will be gathering experience and know what works best for you. Some trading bots are even scam, that's the worst aspect.

[rachmat5893]

People want to know if the program really works, is it possible to get a stable income with it. Many are worried about how the exchange owner deals with automated advisors. I must admit that trading bots not only have advantages, but also disadvantages. The program is faster, and timely transactions can bring solid profits.

[Patrix_1]

Some of them really do, but you need to have a solid deposit to start. For example if a bot costs 100 bucks per month and you have 500 investment budget, search for a better price or just invest in Bitcoin, you will get much higher outcomes.