Profitability of Trading Bots

[Lanatsa]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

The fact is so, at first you will feel amazing that the trading bot can go according to plan, but over time the bot is increasingly detrimental to you and suck up your money. This is not bullshit, but my personal experience and maybe many people who feel like me, maybe you still do not feel it, but soon you.

Bot does really give out profits but it will really indeed vary on the market conditions.I have made money on using up trading bots but well all would really
still need for you to configure on how the bot would work.So in short, profitability will depend on how you do deal it up.Somewhat mixed up some
luck for you to gain out some profits but most of the time it will vary on decision analysis.

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[pawanjain]

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

[Distinctin]

It is certainly be depending of what coin are used in trading and also the trading bots you'll have.
I can't really say that it was more profitable or not than manual trading as isn't proven above. But the growing number of trading bots existed nowadays, I believe that it works well. However, some traders are much confident of doing it by themself rather than relying on bots. 

[drlukacs]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

bot trading never existed in my trading terminology.  because only a few bots can work well for a long time.  I tried bot trading and it only worked in the first 7 orders and the following commands made a lot of mistakes.  Of course, I tried many types of bots and lost more than $ 6000.  so now I don't trust the bot of any service, I believe in my judgment and the market price.

[Edraket31]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

bot trading never existed in my trading terminology.  because only a few bots can work well for a long time.  I tried bot trading and it only worked in the first 7 orders and the following commands made a lot of mistakes.  Of course, I tried many types of bots and lost more than $ 6000.  so now I don't trust the bot of any service, I believe in my judgment and the market price.

That's right, if others can really earn through trading why we can't, there's a lot of experts out there that don't rely on trading bots, they worked hard for what they are and what they have and earned so far, it's not an easy to trade but there's no impossible if you really want what you are doing in your life, just love and make it your passion.

[Yamifoud]

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

Bots act according to the signals that they may receive, it all be done by their own understanding not the one that used it. Having this kind of works it actually giving beneficial to traders for not spending more time in trading and they all just depend on the bots but not sure if it really works for them.

And wondering if someone who used this one could tell something that they are profiting. Cause most of us here not really familiar to this and this is also expensive which many traders would prefer to do it manually rather than to buy trading bots.

[JC btc]

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

Bots act according to the signals that they may receive, it all be done by their own understanding not the one that used it. Having this kind of works it actually giving beneficial to traders for not spending more time in trading and they all just depend on the bots but not sure if it really works for them.

And wondering if someone who used this one could tell something that they are profiting. Cause most of us here not really familiar to this and this is also expensive which many traders would prefer to do it manually rather than to buy trading bots.

Is it really worth it to have a trading bot? Because I doubt, as if I were the owner of the bot, I will just use it on my own if I can see that it is that accurate and successful. Still for me better to learn trading well and don't just depend on bots, as they were also just programmed and not that too much accurate.

[Pamadar]

It is certainly be depending of what coin are used in trading and also the trading bots you'll have.
I can't really say that it was more profitable or not than manual trading as isn't proven above. But the growing number of trading bots existed nowadays, I believe that it works well. However, some traders are much confident of doing it by themself rather than relying on bots. 

Indeed, people who loves chasing the changing market paces are more likely to trade manually than using bot. It much enjoyable and more learning to
achieved once you trade manually as you will be able to observe and analyze the right pattern to use. Eventually when you master this system bot can
be helpful since you have a better confidence to entrust your position with the help of the bot that will performed for you.

[KrisAlex18]

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

Trading bots are not AIs that can make a decision with itself but it is rather just an extension of the trader's style. Trading bots are not adaptive, it is just basically a set up goal by the trader on which the result is still unknown if it will fail or succeed. I'd rather trade manually than using bots since it is just the same but I recommend bot if you guys want to trade and do other work simultaneously.

[Assface16678]

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

Trading bots are not AIs that can make a decision with itself but it is rather just an extension of the trader's style. Trading bots are not adaptive, it is just basically a set up goal by the trader on which the result is still unknown if it will fail or succeed. I'd rather trade manually than using bots since it is just the same but I recommend bot if you guys want to trade and do other work simultaneously.

We are now struggling in trading with a different issue like, if we have a stable job and using the cryptocurrency trading for extra income, we don't have too much time to be updated what is happening in the market. Most of us want to find an alternative strategy to we keep earning a lot of money while we don't do anything, so that idea come up is to make a trading bot. This trading bot can identify when are the right time to buy and sell coins and get profit and the user without doing anything. Some problem of the cryptocurrency trading with a bot would be the algorithm if the programmer made a mistake on the program it may cause damage to your income and also it will make an unauthorised trade. But still, we are trading at our own risk it depends on you what you will prefer for trading.

[tonyvo2017]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

The bot trading is really good, but it's up to the person who set it. in it, I only believe in bots of mutual funds. they summon PhD maths and numbers people to program a bot that can't be beat. Mr. Foundation's fund Thorp has actually grown thanks to their bot. As for the bots that are widely sold in the crypto market, I do not believe, these are all liars.

[pajak666]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

What kind of bot are you using? Did you set up a commercial solution or something personalized? Any info on it's performance would be highly anticipated if you are making a thread about it.

[fullhdpixel]

When the whole world makes money it is not really bots that can take the credibility, the peak ATH type of great days are of course perfect times to use bots and you can make profits during those times, sure maybe personally you could be busy or you don't want to deal with things so you can use bots and make that profit instead however when all coins are going down, how the hell do you think you can make any profit at all with a bot?

What the bot can do at beast is drop the average down so it could profit later easier, that is all it can technically do. I still prefer long term holding over anything else, no bot has managed to make 100% profit in the past 1 year whereas if you bought a year ago you would have 100% profit right now, why would you need a bot if it is worse than simply doing literally nothing.

[cofinder]

I'm using info bot from CEX, https://t.me/CexIoInfoBot. It's not a trading bots in their traditional meaning. But it's quite a helpful tool in both long/short-term trading.

[Sadlife]

Bots can be profitable especially if they have good algorithms to handle any types of scenario's when it comes to trading. As we all know bitcoin with its volatility has been very hard to do technical analysis but now bots has become more sophisticated in dealing with such scenario's, so they might be viable tools and is convenient for most traders.

[drachman]

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

A trading bot is just another way traders have of making money in the markets, but think about it, if a trader cannot make money on his own without a bot then it is going to be impossible for him to give instructions to the bot that will give him profits since he cannot do that by himself, if anything the bot will make him lose money even faster as the bot will trade the markets every single day without rest while a human needs to take a break once in a while and that saves you money if you are a losing trader.

[tungaqhd]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

I was succeeded with trading bots in a short time when the market is pretty stable. However i decided to stop using trading bots because the bot strategy wasn't profitable anymore, it couldn't handle the market situation.

[topbitcoin]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

I was succeeded with trading bots in a short time when the market is pretty stable. However i decided to stop using trading bots because the bot strategy wasn't profitable anymore, it couldn't handle the market situation.

Is there a possibly that you are setting your bot after market situation changed? Or maybe bot only work once,  by the way i ask this because i am zero about trading bot. And what i know only trading bot is all depends on who use it, if they can use it properly then it can make profit. Like trading strategy as usual.

[Taskford]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

I was succeeded with trading bots in a short time when the market is pretty stable. However i decided to stop using trading bots because the bot strategy wasn't profitable anymore, it couldn't handle the market situation.

It depends on what you set so that the bot can interact with the market condition but this is still not reliable since we cannot still guarantee to earn that's why I always prefer manual trading since we will got a high chances to lose when certain bad market condition will strike when we are not attended.

[lablab03]

But becareful when using bots because the are some fake ,which is the real intention is to hack users private information such those that have curiosity about the real bot advantages. So be aware because nowadays in just one mistake it can cause massive losses.