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zeze18
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December 30, 2019, 01:52:51 PM |
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I don't use trading bit nowadays as it all seems fake, I have tried telegram bots but their not showing accurate result. It feels like a waste of time so better read the charts, be updated in crypto news or simply watch the coinmarketcap charts if trading with different alts, as for me now I prefer to watch on trading few alts, to focus and have better analysis.
trading bots is not telegram bots, it's really a different thing. Trading bot is a software that could do buy and sell with some algorithm made by humans to gain profits and sometimes it's just worth on an exchange because it only monitor one exchange and buy and sell when it reach the target, also doing stoploss when the price drops hard. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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d3nz
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December 30, 2019, 02:45:57 PM |
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I don't use trading bit nowadays as it all seems fake, I have tried telegram bots but their not showing accurate result. It feels like a waste of time so better read the charts, be updated in crypto news or simply watch the coinmarketcap charts if trading with different alts, as for me now I prefer to watch on trading few alts, to focus and have better analysis.
trading bots is not telegram bots, it's really a different thing. Trading bot is a software that could do buy and sell with some algorithm made by humans to gain profits and sometimes it's just worth on an exchange because it only monitor one exchange and buy and sell when it reach the target, also doing stoploss when the price drops hard. I never tried using bots and doing manual trading since day one, and i think it is really complicated using a bot to trade on your portfolio and once they fail then it will put your money in risk and having a stop-loss is not reliable unless you didn't put a lot of money on it. Maybe I could try it maybe someday and try if its worth it to use a bot, just for testing purposes and compare it using a manual trading. |
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Sanugarid
Full Member
 Offline
Activity: 1442
Merit: 153
★Bitvest.io★ Play Plinko or Invest!
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December 30, 2019, 02:57:21 PM |
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Are trading bot good?
Read a lot of negative information regarding these bots. If anyone can provide any links to a article that provides details explanation on these bots and also if you can recommend neome bots.
It can be said to be good and bad both at the same time? It depends on your preference. If your confident on leaving your money and let a series of codes do the job for you, feel free to do so. A lot of people can be said to be control conscious so letting a bot handle their trades seems kinda bad and negative for them, which is imo true. But some bots do their jobs properly, just not all the time. A bot pretty much requires constant tinkering whenever you judge the market to be changing, so in the end, you'd still have to manage it for it to be able to provide. Here's a link if you wanna read about it a bit more.If you're asking if trading bot is good, then the answer is correct. It is useful for you so that when you're busy, the trading bot will take care of your wallet and accounts. You're just the one who will monitors and controls it as long as you're available and have free time. The trading bot will handle those transactions and will automatically manage in the market. I use Binance for so long, I recommend it for those who are interested. |
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nydiacaskey01
Legendary
Offline
Activity: 1834
Merit: 1036
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December 30, 2019, 03:16:21 PM |
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I am using Gunbot and so far this bot works like how its advertised. One good thing about Gunbot is the community behind it. Aside form the Telegram group where you can ask questions, the people in that group are very helpful. The developer is not stopping in improving the bot. The price is competitive as well.
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Herry Toms
Jr. Member
Offline
Activity: 236
Merit: 1
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December 30, 2019, 05:03:34 PM |
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The first thing I would like to say is please fall for any type of BOT to manage your portfolio. It simply doesn't work. Because the nature of the market is random and it is also ture that Random outcomes can generate Consistent results. BOTs don't know what is best in your interest while we know, so don't fall for this bot trap, I repeat.
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ChrisPop
Legendary
Offline
Activity: 2310
Merit: 1033
Not your Keys, Not your Bitcoins
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December 30, 2019, 05:33:23 PM |
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I just want to pop in and tell people to analyse their portfolio situation before taking the decision to make a monthly payment for a bot that manages their allocation for them. Yes, it does save you some time, but if you have a portfolio worth $100 or $1000 is it worth giving even only $20/month? $20 is 2% of your total portfolio. Ask yourself if 15 minutes a day or less if you are more tech-orietend is worth spending $20-$100/month.
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suzanne5223
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December 30, 2019, 05:44:53 PM |
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I just want to pop in and tell people to analyse their portfolio situation before taking the decision to make a monthly payment for a bot that manages their allocation for them. Yes, it does save you some time, but if you have a portfolio worth $100 or $1000 is it worth giving even only $20/month? $20 is 2% of your total portfolio. Ask yourself if 15 minutes a day or less if you are more tech-orietend is worth spending $20-$100/month.
You're right with what you said and bot also required some management/setting either in other for it to work perfectly in securing ones portfolio. Besides, it not easy as people think. @OP, bot trading is good but in some cases the fee used is too expensive than the profit and i think it will be better to compare the fee, market condition and profit level before making use of bot. |
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adroitful_one
Legendary
Offline
Activity: 1568
Merit: 1041
1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR
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December 30, 2019, 10:32:15 PM |
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I just want to pop in and tell people to analyse their portfolio situation before taking the decision to make a monthly payment for a bot that manages their allocation for them. Yes, it does save you some time, but if you have a portfolio worth $100 or $1000 is it worth giving even only $20/month? $20 is 2% of your total portfolio. Ask yourself if 15 minutes a day or less if you are more tech-orietend is worth spending $20-$100/month.
I think if you have $1,000 it's worth it. 2% should be pretty easy to make up. You should be able to get that from one trade. Now, if you only had $100 invested, I wouldn't be paying a monthly fee to run a bot. I would look for other free alternatives or just trade manually. Sure, it doesn't take a lot of time to trade everyday, but that's not why I run a bot. I run one(free alternative) just to see what it will end up doing in the long run. It's just a fun little project I have going on a Raspberry Pi. I didn't invest a lot into it. |
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AniviaBtc
Sr. Member
Offline
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
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December 31, 2019, 08:03:47 AM |
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Are trading bot good?
Read a lot of negative information regarding these bots. If anyone can provide any links to a article that provides details explanation on these bots and also if you can recommend neome bots.
It can be said to be good and bad both at the same time? It depends on your preference. If your confident on leaving your money and let a series of codes do the job for you, feel free to do so. A lot of people can be said to be control conscious so letting a bot handle their trades seems kinda bad and negative for them, which is imo true. But some bots do their jobs properly, just not all the time. A bot pretty much requires constant tinkering whenever you judge the market to be changing, so in the end, you'd still have to manage it for it to be able to provide. Here's a link if you wanna read about it a bit more.Yes, it is good but it still need a manual setup for it to function properly. You also need to monitor it because its performance is not that stable because it is a bot. It just help you to trade even without your presence and that's a big help while earning profits. But it still depends on the market if it will succeed or fail. It still needs proper management because it is an automated so you need to still guide on how it deals with the market. |
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klaaas
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December 31, 2019, 10:29:47 PM |
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The API documentation of the exchange and Python [some searches on github] would solve and automate the most common trading needs free of charge. Paid bots should make it easy for the user to add/adjust functions and provide enough support. The pre defined methods are most of the time only there as start point. Yes, it is good but it still need a manual setup for it to function properly. You also need to monitor it because its performance is not that stable because it is a bot. ... It still needs proper management because it is an automated so you need to still guide on how it deals with the market.
Depends which bot you choose. Arbitrage bots would probably run out of the box but could be expensive. Most bots will help you with the monitoring part by notifying you when things go out of order or to assure you things are going right. When using boundaries management will be allot easier. |
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leowonderful
Legendary
Offline
Activity: 1624
Merit: 1129
Bitcoin FTW!
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January 01, 2020, 01:57:35 AM |
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I customized my own strategy almost from scratch, though with a few things borrowed from other places, and I run that strategy using mostly Gunbot on a Google Cloud server that I currently pay for so I can avoid running the software on my home PC 24/7. I just use it for minor trading though, and not particularly like a porfolio manager. I manage my portfolio by hand and manually at home when I have time. I like bots, but I like to have control too.
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Xxmodded
Sr. Member
Offline
Activity: 2268
Merit: 309
Seabet.io | Crypto-Casino
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January 01, 2020, 05:09:26 AM |
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Trading bots maybe not working when you earn money with trading in bitcoin and altcoin, I did manually when start trading and looking with some altcoin have been in support price to buy and sell after raise profit about 5% to 10% depend with situation available for earn higher percent profit or not, I think best moment to start trading by manually.
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