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Author Topic: Binance trading bots are garbage  (Read 612 times)
Alanin (OP)
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July 30, 2020, 09:18:13 PM
 #1

Has anyone else in here noticed how easy it is to predict the trading bot trends on binance? Tongue
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July 30, 2020, 10:44:16 PM
Last edit: July 30, 2020, 11:03:15 PM by Yamifoud
 #2

Has anyone else in here noticed how easy it is to predict the trading bot trends on binance? Tongue
I was just puzzled with your topic and ask you if you have problem with Binance? It sounded like you hate Binance pointing out strong that their trading bots is garbage. Does it look like that? It is much better if you could tell us something with what it really happens to you and so we or one from their team could take a look on it and resolve the problem if there is.

But anyway, I'd never use any bots in trading and I'm not interested to do it by then even though it looks legit or people had said it. So I can't say how easy to use trading bots. But just curious how you can say that against Binance.
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July 30, 2020, 10:55:37 PM
 #3

Your title is also Garbage
Are Binance the once that create the trading bots?
Do trading bots work only on Binance?

Why are you even using trading bots in the first place?
You could as well spare sometime, learn the trading basics, experience trading and make some money instead of paying subscription for some bot to do it for you.

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July 30, 2020, 11:22:22 PM
Merited by JeromeTash (1)
 #4

Your title is also Garbage
Are Binance the once that create the trading bots?
Do trading bots work only on Binance?

Why are you even using trading bots in the first place?
You could as well spare sometime, learn the trading basics, experience trading and make some money instead of paying subscription for some bot to do it for you.

He said it was a garbage because he might lost big time or significant amounts and blaming all of this in a bot without even realizing that the market itself is the main culprit
on why he had lost.Also a certain user should really have a knowledge on how to alter things up not just simply use up already set up without even knowing on what kind of bot
is that, yet you can check it out when it comes to its commands on how it should move on a specific period of market situation.
Also, he might be expecting that bots can give out guaranteed profits?  Cheesy

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July 30, 2020, 11:59:33 PM
 #5

He said it was a garbage because he might lost big time or significant amounts and blaming all of this in a bot without even realizing that the market itself is the main culprit
on why he had lost.Also a certain user should really have a knowledge on how to alter things up not just simply use up already set up without even knowing on what kind of bot
is that, yet you can check it out when it comes to its commands on how it should move on a specific period of market situation.
Also, he might be expecting that bots can give out guaranteed profits?  Cheesy
I tell you, some people are really so lazy to an extent that if it were possible, they would prefer getting driven up to where the toilet seat is.  Grin
I mean, where's the harm in trying to learn and figuring out how the market works and what you can do about it to make some profits without 100% relying on a certain bot?
That why they end up getting disappointed by the bot results.

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July 31, 2020, 12:32:28 AM
 #6

Has anyone else in here noticed how easy it is to predict the trading bot trends on binance? Tongue
You mean trading bots made by Binance or trading bots you are using in Binance?
OP is lack of information about what you want to say, just like JeromeTash said, this could be lead to misunderstanding.
But as I also noticed on some spot trading, not only Binance, bots are always there so nothing's new about trading bots.

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July 31, 2020, 02:26:08 AM
 #7

Has anyone else in here noticed how easy it is to predict the trading bot trends on binance? Tongue
You mean trading bots made by Binance or trading bots you are using in Binance?
OP is lack of information about what you want to say, just like JeromeTash said, this could be lead to misunderstanding.
But as I also noticed on some spot trading, not only Binance, bots are always there so nothing's new about trading bots.
I will assume it was the latter, again this is another trader who really understand how this bot works. It is not rocket science, but if you don't have the experienced to trade then why used bot? Not magical beans that will just sprout and make you money, need to get that ass and work and educate ourselves in this world of trading crypto.

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July 31, 2020, 04:21:52 AM
 #8

You mean the bots within the Binance platform? or Bots that users want to implement to trade on Binance? I understand that some Exchanges have armies of bots to move the market, but trading through Bots is something I do not recommend, basically the market is often moved by emotions and the bots do not have such feeling.

Keep in mind that whales are human, that they make their movements and these have been planned many times many months ago.

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July 31, 2020, 05:01:21 AM
 #9

Has anyone else in here noticed how easy it is to predict the trading bot trends on binance? Tongue

Dude it's your choice whether you use trading bots or not. Also, Binance isn't the only trading platform that bots can be used, it is applicable to anything. Do you even know what bots are for? We all see you've hated something that never affected you at all. You're free to express hate, but not such hate that you could somehow offend those programmers who worked hard and study for years and months to learn both programming and trading to create a bot just to be justified as "garbage".

And yes, it is trendy. What's wrong with it? Did even anyone had issues regarding the use of it at all? I don't see any valid argument in here nor an interesting issue to be opened up.

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July 31, 2020, 05:11:39 AM
 #10

Has anyone else in here noticed how easy it is to predict the trading bot trends on binance? Tongue

I think it is not easy to predict the market even if you use the trading bot because it is hard to predict. The market moves will depend on the traders, and the bot will get trouble to detect the moves. But you can detect it using your skills, and you can apply it to the bot settings so the bot can run following the market. But you need to watch the market because if the market runs differently, you need to adjust the setting so the bot can still follow the market and trade for you.

But I don't know about the trading bot trends on binance because I don't use any bot to trading. I still prefer to use manual trading to find the time to enter the market.

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July 31, 2020, 05:27:02 AM
 #11

what you think you are predicting is not the bots behavior but simply the pump and dumps of shitcoins. they pretty much follow the same patterns every time they get pumped and then dumped with or without any bots. and the altcoin manipulators are using pretty much the same strategy to start the cycle and make money on a new coin every day.
not to mention that manipulating altcoins is pretty easy as long as you have a little amount of money and the experience and time to do it.

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July 31, 2020, 05:29:50 AM
 #12

Trading bots are garbage, you lose money and it is not the fault of Binance because you are the one who make decision after all. I do not trust any types of trading bots out there so basically I do not use any of if. I think there is really a misconception about trading bots, a lot of trader thinks it is the way to earn easy money in trading but all pf it is a lie. I will never put my trust on the bots because there are now a lot of data published in the internet that most of the traders who using it are keep experiencing losses in the market.
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July 31, 2020, 07:53:36 AM
 #13

Well, bots are just there to make automated actions a lot easier. They aren't necessarily needed nor do they provide better performance than you doing trading yourself. They're basically just looking at pumps and dumps that are obvious to the eyes and stalk it up as "predictions". There may be good trading bots out there, but really, those probably require payments or something not sure myself but I'd rather trade by myself than use bots if I were required to pay it.

Bots aren't magic man. You may often see robots being amazing in movies, but those are movies, and even if it could become the truth, that'd probably be long in the future, we'd probably be at our graves by then even.

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July 31, 2020, 08:30:55 AM
 #14

Has anyone else in here noticed how easy it is to predict the trading bot trends on binance? Tongue
hahaha, you only submit your trading activities to a BOT...
Binance's main focus is not managing a bot but managing an exchange. if you want a perfect trading bot you should find a trading bot developer who is focused on developing a trading bot.  Tongue



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July 31, 2020, 08:33:43 AM
 #15

Trading bots are garbage, you lose money and it is not the fault of Binance because you are the one who make decision after all.

Reading This part, it's easy to say that it's not the bot from binance
is garbage but whoever configure it
are the one who's garbage. The bot only relied with how you configure
from how you see it to perform.

I do not trust any types of trading bots out there so basically I do not use any of if. I think there is really a misconception about trading bots, a lot of trader thinks it is the way to earn easy money in trading but all pf it is a lie.

Most of those who didn't understand the use of bot  thinks and percept
this way, and they all being ruined.

I will never put my trust on the bots because there are now a lot of data published in the internet that most of the traders who using it are keep experiencing losses in the market.

Especially with crypto where volatilities are really high, you'll lose a lots
of time if you don't configure your bot well.

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July 31, 2020, 09:56:02 AM
 #16

Has anyone else in here noticed how easy it is to predict the trading bot trends on binance? Tongue
You mean trading bots made by Binance or trading bots you are using in Binance?
OP is lack of information about what you want to say, just like JeromeTash said, this could be lead to misunderstanding.
But as I also noticed on some spot trading, not only Binance, bots are always there so nothing's new about trading bots.
I will assume it was the latter, again this is another trader who really understand how this bot works. It is not rocket science, but if you don't have the experienced to trade then why used bot? Not magical beans that will just sprout and make you money, need to get that ass and work and educate ourselves in this world of trading crypto.
There are some people who only rely on trading bots, even they have no idea at all about trading. This may be because some people tell them about this, about that and then they come they will start to struggle, they thought that using trading bots may be effective and easy to use at all or easy to generate profits.

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July 31, 2020, 10:13:59 AM
 #17

Has anyone else in here noticed how easy it is to predict the trading bot trends on binance? Tongue
Not sure if Binance deploying trading bot. But deciphering its trend is totally hard as shit. I prefer to used charts than bots. But I saw some that works for them and feedback about connecting trading bots.

I wonder if this the platform you used to connect the bot? https://rewards.bituniverse.org

There are some people who only rely on trading bots, even they have no idea at all about trading. This may be because some people tell them about this, about that and then they come they will start to struggle, they thought that using trading bots may be effective and easy to use at all or easy to generate profits.
Actually its not bad to rely if the bots are really giving them profits. Its a technique on trading that become revolutionary and been utilized by expert traders. But as usual they will go back to traditional method where they can generate profit. Also these bots are not for free so users should really think twice if they wanted to use trading bots.

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July 31, 2020, 10:35:34 AM
 #18

Your title is also Garbage
Are Binance the once that create the trading bots?
Do trading bots work only on Binance?

Why are you even using trading bots in the first place?
You could as well spare sometime, learn the trading basics, experience trading and make some money instead of paying subscription for some bot to do it for you.

Im on phone. So i cba answering everyone.
But no. Im not losing, quite the opposite.
Im not using any bots myself.
Just turned 100$ into 400$ through futures in less than 1 day, trying to follow up on a theory regarding the bot algorythm.
They clearly only play by a mathematical pattern with a few variables and parameters, and nothing else it seems. (I know the owners change these factors from time to time, to not get caught up in their strategy)

Edit: i dont know if these bots are from Binance themselves orjust  sh*tty 3rd. Party bots.
Btw. So far im only studying their short-mid term strategy.
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July 31, 2020, 11:12:16 AM
 #19

Your title is also Garbage
Are Binance the once that create the trading bots?
Do trading bots work only on Binance?

Why are you even using trading bots in the first place?
You could as well spare sometime, learn the trading basics, experience trading and make some money instead of paying subscription for some bot to do it for you.

Im on phone. So i cba answering everyone.
But no. Im not losing, quite the opposite.
Im not using any bots myself.
Just turned 100$ into 400$ through futures in less than 1 day, trying to follow up on a theory regarding the bot algorythm.
They clearly only play by a mathematical pattern with a few variables and parameters, and nothing else it seems. (I know the owners change these factors from time to time, to not get caught up in their strategy)

Edit: i dont know if these bots are from Binance themselves orjust  sh*tty 3rd. Party bots.
Btw. So far im only studying their short-mid term strategy.
Good if you make x4 with your capital, so why complain though (I'm assuming this is what about in your thread). So have been successful, "if it broke don't fix it". And maybe you discovered something, the algorithm etc, so that advantage of that and grow your money.  Perhaps if you drop the name of the bot, then we will have an idea or what's really going on from behind. Anyways, best of luck to you.
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July 31, 2020, 11:46:43 AM
 #20

Your title is also Garbage
Are Binance the once that create the trading bots?
Do trading bots work only on Binance?

Why are you even using trading bots in the first place?
You could as well spare sometime, learn the trading basics, experience trading and make some money instead of paying subscription for some bot to do it for you.

Im on phone. So i cba answering everyone.
But no. Im not losing, quite the opposite.
Im not using any bots myself.
Just turned 100$ into 400$ through futures in less than 1 day, trying to follow up on a theory regarding the bot algorythm.
They clearly only play by a mathematical pattern with a few variables and parameters, and nothing else it seems. (I know the owners change these factors from time to time, to not get caught up in their strategy)

Edit: i dont know if these bots are from Binance themselves orjust  sh*tty 3rd. Party bots.
Btw. So far im only studying their short-mid term strategy.
Good if you make x4 with your capital, so why complain though (I'm assuming this is what about in your thread). So have been successful, "if it broke don't fix it". And maybe you discovered something, the algorithm etc, so that advantage of that and grow your money.  Perhaps if you drop the name of the bot, then we will have an idea or what's really going on from behind. Anyways, best of luck to you.
Like i said i dont know what bots are running on binance.
And also, this is not a complaint. Its a hint for people here who does serious trading.
And 100$ capital? Wtf bro. It was only for testing a theory
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