FanEagle
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July 06, 2020, 08:50:36 PM |
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I have been a big part of this world, been a user, been a seller, even tried to make my own. I can tell you that it is not worth it. Bots are sold for a lot of money (because they know that if they do monthly you won't use it on second month and if it is monthly it is a lot of money). And the only reason to spend that much money is if you are already a veteran trader that knows everything he needs to know and only make those kinds of investments for saving some time and making sure the bot runs exactly how he wants it to run. If you are a newbie, bots are useless and only a way to lose money.
I had a friend who lost 5k dollars overnight only because he failed to set the bot up properly, wasn't bots problem because it was my friend who made a mistake, but unless you are a veteran they really don't worth it.
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Dephlagy (OP)
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July 10, 2020, 02:41:37 PM |
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I have been a big part of this world, been a user, been a seller, even tried to make my own. I can tell you that it is not worth it. Bots are sold for a lot of money (because they know that if they do monthly you won't use it on second month and if it is monthly it is a lot of money). And the only reason to spend that much money is if you are already a veteran trader that knows everything he needs to know and only make those kinds of investments for saving some time and making sure the bot runs exactly how he wants it to run. If you are a newbie, bots are useless and only a way to lose money.
I had a friend who lost 5k dollars overnight only because he failed to set the bot up properly, wasn't bots problem because it was my friend who made a mistake, but unless you are a veteran they really don't worth it.
We don't sale our bot for individual people as a standalone app, people subscribe to Dephlagy with a reasonable monthly subscription fee, We have many kinds of customers most of them have their own job and don't have trading knowledge they happy even with 10% of monthly profit as you know it's very easy on this market only by 2 or 3 low risks good trade in a month I think many of peoples comment on this topic don't read our answers about the bot and how it works it's not stand alone buy-sell only bot, it does not trade 24 hours we enter on good and safe opportunities with good Risk / Reward ratio high profit's not important for us only made money continuously is very important
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spike420211
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July 13, 2020, 02:25:14 PM |
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Can someone further explain this trading bot to me, I am trying to learn as much as I can and think that this is a part of the journey, what are the pros and cons of bot trading, is there a recommended bot? Thank you for the response.
If we are talking about automated trading bots, then we need to understand that this is primarily an algorithm. Which acts according to a certain kind of circumstances. Many write such bots based on the analysis of the entire past life cycle of the crypto market. Based on these data, a strategy is built for the bot for each market potential, however, the market is so dynamic and not predictable that most often these bots are able to show profit only for a short month or two. Further, under a certain set of circumstances, the bot merges large amounts of money.
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Sanugarid
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July 13, 2020, 04:45:51 PM |
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Can someone further explain this trading bot to me, I am trying to learn as much as I can and think that this is a part of the journey, what are the pros and cons of bot trading, is there a recommended bot? Thank you for the response.
If we are talking about automated trading bots, then we need to understand that this is primarily an algorithm. Which acts according to a certain kind of circumstances. Many write such bots based on the analysis of the entire past life cycle of the crypto market. Should we stop calling it AI if this is the case? since AI is a type of intelligence which can be hardly to spot on humans because this is an instant display of decision, in short AI is a super intelligence of all. Now trading bots are just bots, they just follow command, nothing more, nothing less too far to be called as an AI. Having it in crypto market makes no sense at all, market changes everytime and we don't have room for such laziness in here. Based on these data, a strategy is built for the bot for each market potential, however, the market is so dynamic and not predictable that most often these bots are able to show profit only for a short month or two. Further, under a certain set of circumstances, the bot merges large amounts of money.
This is what exactly what I'm talking about, if bots are just created to follow such settings then it is not really guaranteeing you profit. big X for using it casually, it is best when being AFK.
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Majharul Saiif
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BountyMarketCap
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July 13, 2020, 05:53:56 PM |
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When it comes to trading cryptocurrency, there are many obstacles for the average user — the complexity of technical analysis, the skills involved in identifying trends, and, of course, the volatility of the market, meaning coins can soar or plummet in value overnight. But what if you could trade constantly, even in your sleep, making a steady profit every day, with minimal effort? Welcome to the world of crypto bots. But is it too good to be true? The word ‘bot’ might bring to mind Russian hackers and fake Twitter accounts but crypto bots are perfectly legal and fully supported, if not exactly encouraged, by major exchanges such as Bittrex and Binance. Put simply, they are computer programs that remove the emotion from trading. They buy and sell your cryptocurrency for you, using algorithms to follow the trajectory of a coin, identifying when to buy and sell, and, in theory, allowing you to make small, round the clock profits. Used wisely, they are said to give an average profit of around 1–2% each day — though risk-seeking traders have reported much more than this. Dephlagy Also is an Ai trading bot mixed bot’s ability like ladder orders entry improvement and also automatic Fibonacci level trading automatic Support and resistance detection behind all of this automated features bot trades always 24/7 monitor by 5 traders to avoid wrong positions and also right midterm/longterm trend detection Caption is nice to read and very attractive to get attention from much people. But truly I have some doubt about it. How it will run? May be it will run how we give input to it. Most importantly, will it work if the market gradually change the system without our monitoring?
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TheGreatPython
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July 13, 2020, 07:19:47 PM |
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If we are talking about automated trading bots, then we need to understand that this is primarily an algorithm. Which acts according to a certain kind of circumstances.
Exactly and hence the OP should not have said that if used wisely they give out 1-2% profits daily because earning 2% daily profit is really not easy based on any algorithms and that is the problem when I see bot developers or promoters saying that it can give 1-2% daily it makes me feel like they are just over confident about their algorithm and software. I had a friend who lost 5k dollars overnight only because he failed to set the bot up properly, wasn't bots problem because it was my friend who made a mistake, but unless you are a veteran they really don't worth it.
That's right because if even you are using a genuine bot and it is expected to give find returns but if you are not familiar with how it works and what data needs to be entered and how it will work based on the data, the bot can become a loss machine in no time.
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ReiMomo
Sr. Member
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July 13, 2020, 07:51:03 PM |
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~snip~
Caption is nice to read and very attractive to get attention from much people. But truly I have some doubt about it. How it will run? May be it will run how we give input to it. Most importantly, will it work if the market gradually change the system without our monitoring? How it will run? It needs those people who fully understand the market and you can set up the bot with your knowledge and skills in trading. If you don't have the knowledge you won't able to set up the bot and I guess you will end up nothing. Don't rely on bot trading because they just only the bot that will be monitoring the market while you are away from your computer to execute trading. However, in short, this is not good for a newbie in trading it will not beneficial effect. You can trade manually by your won and your study. There's no need to take advantage of the market.
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Dephlagy (OP)
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August 03, 2020, 01:14:26 AM |
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~snip~
Caption is nice to read and very attractive to get attention from much people. But truly I have some doubt about it. How it will run? May be it will run how we give input to it. Most importantly, will it work if the market gradually change the system without our monitoring? How it will run? It needs those people who fully understand the market and you can set up the bot with your knowledge and skills in trading. If you don't have the knowledge you won't able to set up the bot and I guess you will end up nothing. Don't rely on bot trading because they just only the bot that will be monitoring the market while you are away from your computer to execute trading. However, in short, this is not good for a newbie in trading it will not beneficial effect. You can trade manually by your won and your study. There's no need to take advantage of the market. This, not a Standalone program you can download and set up for trading, we serve our customers by API keys and now customers can subscribe to our bot all trading activity under the control of our trader's bot can decide entry zones profit and stop-loss zones by market data /Fibo levels and also decide for short/long and quantity by Funding rate it's optimized to make a profit even small bot can place 50 /sec /account by ladder orders always bot improve entry until stop if funding rate is in our side try to catch that also all this calculate in a second. We have monthly service for the test but for better performance 3-month service advised. everyone can join in Dephlagy.com website and also check youtube proofs (we have a limited to 30 person discount for first orders by "8BVFC5H6" coupon code)
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tvplus006
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Exchange 250+ Coins With 0% Fees
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August 03, 2020, 08:33:06 AM |
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Ever since, i never use bot. I have seen different feedbacks about trading bot and most of them aren't that good though. If we can read tools like fundamental and technical analysis, charts and volumes, we can trade by our own even we do not use trading bot. At first, I was curious at how those algorithms trading bot are doing but we are still in a volatile market that even trading bot can't even manage. How accurate that bot is? Seems you are sure we may have steady profit in here as you say.
You just think the same thing as me. I prefer to trade manually than trade by using BOT. The reason is that trading bot is nothing more than a machine that works based on our commands. Whatever it is, it still have to depend on our command. Therefore, learning how to trade manually is extremely important. I may take a look about it later, but now, I prefer to trade by myself. I had experience using a trading bot, but it did not bring me a profit at that time. My opinion is that in a bear market, the bot's algorithms do not allow you to make a profit, each time leaving more and more open orders, which you then have to close with a loss manually. For this reason, I refused to use the trading bot.
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BALIK
Copper Member
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August 03, 2020, 11:59:18 AM |
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I would strongly recommend staying away from AI trading bots unless you've got significant experience turning a profit while trading manually.
These bots can be prone to make extreme errors that can absolutely destroy your portfolio, particularly when manual traders know that there are bots trading the market.
It's not hard to set up traps that will force bots to act in a damaging way.
If you want to earn a good % per day, but don't have the skills to do so, then invest in a hedge fund or pay a fund manager to trade for you.
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el kaka22
Legendary
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August 04, 2020, 03:06:54 PM |
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I have been part of a trading bot team and I have sold a lot of it and I can tell you from inside that bots are not for newbies, it is for people who can make money using the trading bot because it requires a lot of technical and financial information. You have to both know about the technical stuff behind the bot like the language and other stuff and make sure you understand it completely as well and how it works, but you also need to know trading stuff like indicators macd, bollinger etc etc stuff so that you can use the bot to its full extent.
If you are a noob that doesn't know anything, you are 100% going to lose your money and there is no way you can profit unless you are super lucky since it is definitely not a thing that is destined to help you unless you know what you are doing.
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Itsmylife
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August 05, 2020, 03:21:46 AM |
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If AI bots can make profit, no one want to share it to the others. You must to ask yourmind what is their purpose when they share the trading bots? With me, the answer is they want to make profit without risk so the easily way to do this is use money of the other( get commission if the trade is profitable and lose nothing if the trade is losses).
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SirLancelot
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August 06, 2020, 07:54:16 PM |
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Before jumping into making use of bots and thinking that it’s a good idea, it’s best to think twice about it and do a better research to understand the different types of bots and how they function. They are completely different, and it’s not like the op have said it, you don’t just install the bots and start chilling while they make you millions of dollars, it still requires you making some adjustments from time to time. You have set them up properly before you will be able to be making profit from it.
Overall like I said, there are different types of bots you will have to know the one you need and then how to set it up properly for it work how you want.
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stomachgrowls
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August 06, 2020, 08:22:03 PM |
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I have been part of a trading bot team and I have sold a lot of it and I can tell you from inside that bots are not for newbies, it is for people who can make money using the trading bot because it requires a lot of technical and financial information. You have to both know about the technical stuff behind the bot like the language and other stuff and make sure you understand it completely as well and how it works, but you also need to know trading stuff like indicators macd, bollinger etc etc stuff so that you can use the bot to its full extent.
If you are a noob that doesn't know anything, you are 100% going to lose your money and there is no way you can profit unless you are super lucky since it is definitely not a thing that is destined to help you unless you know what you are doing.
Common mistakes of noobs on where they do believe that easy money exist into this field where they do believe that bots can make them rich in no time without even realizing that reality doesnt work like that. Even if you are knowledgeable into these things you cant still assure that you would able to get constant or sure profits but somewhat it is much better compared to those people who do just simply ran off their bot without even knowing the basics or how things do work. Make money while you sleep and do make the bot do its job? yes its possible but dont expect that results would be always positive.
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Dephlagy (OP)
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November 29, 2020, 07:14:09 PM |
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I have been part of a trading bot team and I have sold a lot of it and I can tell you from inside that bots are not for newbies, it is for people who can make money using the trading bot because it requires a lot of technical and financial information. You have to both know about the technical stuff behind the bot like the language and other stuff and make sure you understand it completely as well and how it works, but you also need to know trading stuff like indicators macd, bollinger etc etc stuff so that you can use the bot to its full extent.
If you are a noob that doesn't know anything, you are 100% going to lose your money and there is no way you can profit unless you are super lucky since it is definitely not a thing that is destined to help you unless you know what you are doing.
Common mistakes of noobs on where they do believe that easy money exist into this field where they do believe that bots can make them rich in no time without even realizing that reality doesnt work like that. Even if you are knowledgeable into these things you cant still assure that you would able to get constant or sure profits but somewhat it is much better compared to those people who do just simply ran off their bot without even knowing the basics or how things do work. Make money while you sleep and do make the bot do its job? yes its possible but dont expect that results would be always positive. When you have a plan and strategy for example R/R ratio rules in long and midterm with a high number of trades you will win
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JohnSmock
Newbie
Offline
Activity: 7
Merit: 0
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 02, 2020, 07:15:11 PM |
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You can do the same thing when you setup a node on a DEX like Blocknet and collect trading fees. I'm sure there are other projects with similar setups, but this is how I plan to make money while I sleep in the future. DEX's has seen MASSIVE volume over the past 2 years, and it doesn't seem to stop, which made me setup a node on Blocknet. Ready for the bullrun to approach ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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shield132
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 02, 2020, 11:37:55 PM |
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So, according to this thread, if it's possible to make money while you fall asleep and have a good night sleep of 8 hours, then what about another 16 hours when we are awake? If I make a profit at night with the help of AI, then I would make a double profit at daytime. Okay, trade with AI. The most interesting thing for me will be to look at versus of two AI. These people talk like no one loses in trading but in reality you profit because I lose and opposite. It's not only math behind trading, otherwise, it would be the easiest thing.
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maydna
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 03, 2020, 04:44:58 AM |
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So, according to this thread, if it's possible to make money while you fall asleep and have a good night sleep of 8 hours, then what about another 16 hours when we are awake? If I make a profit at night with the help of AI, then I would make a double profit at daytime. Okay, trade with AI. The most interesting thing for me will be to look at versus of two AI. These people talk like no one loses in trading but in reality you profit because I lose and opposite. It's not only math behind trading, otherwise, it would be the easiest thing.
We will get lose ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Nah, I am kidding ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I am not sure if the AI can help us make a profit in trading because the AI is not ready (or I don't know much about that). I prefer to trade by myself than to use a bot because I want to improve my skills. Besides that, the crypto market is not the same as the other trading type, and the crypto market still moves up and down. If I can learn more about trading, I am sure that I can make a profit, and I don't have the AI. Perhaps, in the future, when the technology is ready, and the bot can also analyze where the market moves correctly, I will use that bot.
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