Crypto Trading Bots

[AakZaki]

Trading bots are indeed only as assistants or as a substitute when we cannot monitor the market continuously and to do trailing stop losses and several other tasks.

some Bots are provided for free even in the trial period all features are provided. Premium bots certainly have many useful features.

But I don't always depend on Bots, manual trading is still the number one choice because we have full control. don't get caught up in scammer trading bots which will certainly harm users. always be careful and do your research.

[bhooscream]

I have heard so much about crypto trading bots and their possibilities of automating the trading process and turning folks into crypto millionaires.

This will work if you have big capital and such professional trading skills. So that you will also get millionaire (but we don't know how long you will get it)/ And if we are also a small capital trader, we can also reach that amount, but not know when to happen.
The exact thing is that not all trading bots will work well as we expect. Many free trading bots are shit and they are harmful to us moreover for us who don't know exactly to use it and only follow other people.
Some people use paid or AI trading bots in which they are smarter and more advanced. But it doesn't mean that the trading bots will always give profits every time.

[AmoreJaz]

Trading bots are indeed only as assistants or as a substitute when we cannot monitor the market continuously and to do trailing stop losses and several other tasks.

some Bots are provided for free even in the trial period all features are provided. Premium bots certainly have many useful features.

But I don't always depend on Bots, manual trading is still the number one choice because we have full control. don't get caught up in scammer trading bots which will certainly harm users. always be careful and do your research.

trading bots will only work for you in a positive manner if you know how to program them. if you will let the bot do all the works, i don't think you can achieve what you want here. i do agree that as much as possible, better do your trading on your own, because in this way, you will also learn new strategies that may improve your trading skill.
also,  don't assume that  paid crypto trading bots will always give you profits, because it is not. there's more than meets the eyes in using these bots.

[JustTryin]

I'm using it, continuously.
In my opinion, everybody here is right:

- they don't do anything that you couldn't do yourself, even the best ones
- they do save you time, especially if you're into scalping and trading multiple assets at the same time
- they will lose you money very quickly if not programmed correctly
- and it is good sometimes that they can't be shaken by emotions or adrenaline rush.

My reason for using it along with my manual trading is that I like coding in general and I do everything myself, so I get my daily dose of excitement with every small achievement. I don't make any losses, well past that lesson using 'paper' trading account.

You still need to adjust a lot of settings, do your testing, re-adjust settings accordingly and so on; plus to code and implement your own buy/sell signal since it is an expensive exercise testing paid signals to find what might work and which ones to stay away from. If 'paper' trading option isn't available to carry out testing, then you're destined to fail, regardless.
Not to mention the time and effort required just to get it going.

Each to their own, but it definitely isn't something that will work out of the box and make profit - we'd all die of starvation if it did - because nobody would be producing anything any more but rather be trading, having heaps of money but nothing to buy with it!

That's my 5 cents.

[fullhdpixel]

- they will lose you money very quickly if not programmed correctly

Indeed and not just lose money because of mistakes but because there are fake and scam bots stealing data/login from your system and you cannot do much once you install such scripts. It means, we should not go for bots from random resources but only from tested or commended ventures who are developing bots based on open source codes.

Bots are good but make sure you know how to use them and download them from credible sources with decent history and even then try and use API logins instead of email/password wherever possible.

[Hamphser]

- they will lose you money very quickly if not programmed correctly

Indeed and not just lose money because of mistakes but because there are fake and scam bots stealing data/login from your system and you cannot do much once you install such scripts.

Bots are good but make sure you know how to use them and download them from credible sources with decent history and even then try and use API logins instead of email/password wherever possible.

If you are careless then you would really be ending up on vain as if you would really get hacked if you arent that sensible or aware in regards to your actions or simply you couldnt really able to identify whats a possible
scam or fraud.

There are lots of pre-set up bots out there which you could simply make use or had been already provide by the platform itself.It is really just needing for you to
to make out some changes.

Trading bots are for animation and not as money making machine on where most people do been thinking off which is a huge mistake.

[panukurap]

I myself have never used a bot in trading which I have done so far. I don't think the bot can work alone, but the bot still needs you to get orders when to sell or buy the coin, like programming. So if you still don't understand crypto or trading, it seems like using a bot is not the right choice. It would be more appropriate to use a bot if you don't have the time but market conditions are promising, you can take advantage of this using a bot. However, I myself am more comfortable trading on my own without the help of bots, everyone's perception is different.

[sarmrakib]

We all know how volatile the crypto market is especially now. I have heard so much about crypto trading bots and their possibilities of automating the trading process and turning folks into crypto millionaires.

We all know that crypto market is always a high volatile market that's why we love it cause we can get a good return quickly but it has a chance to loose as well .I also know about few trading bot but i don't think it is useful that's why i ignore it as well .I never have seen someone who have made a millions of money by using a bot only.

For some of these bots, the user can program them to buy at predefined low and sell at a predefined high. I’m pretty skeptical about this maybe out of ignorance or just sheer human skepticism for stuff like this.

Yes ,it is usually made by a programmer who have just make input few strategy what he just knows so if his tricks fall the bot will also make yo losses .I have also ignored it like you that's why i never try to find any bot which can
work for someone as a trader.

Have you ever used a bot to automate your trading?

I never used any bot and i don't have any trading experience through bot .I also don't believe it ,I just do trade on my own strategy .

Do you trust it enough to make the right decisions? If trading bots are as good as they claim, why are folks not using them as much as they should?

I never trust any bot even someone call .So that i always ignore it even i noticed in many of my trading platform .That's is the point is more important what i think it ,If it is more good why they don't use it for only their trading ,Its may be a way to make fall someone into the trap .So that i wanna suggest always to make your own strategy and research before enter your trading.

[Silberman]

You are right to hold some skepticism around trading bots, the truth is that bots can be very effective but there is a catch, if you do not know how to trade manually then there is little hope that you will make any money even with a trading bot, you need to know how to trade because if you do not then it is going to be impossible for you to actually know if the strategy that the bot is using is profitable or not, so if you were to code a bad strategy into the bot the only thing it will do is to lose money for you at an alarming speed.

That's what I always say to my friends who consider using trading bots, if they don't have any experience trading or they don't know how to do a trade themselves that generates profit then how will they generate that profit in a bot that only follows your instructions, a bot will only be as good as it's owner and the specifications that that person has added to the bot.

And that is the best case scenario, a bot can only be as good as yourself if you can put into code every single aspect of your strategy including your ability to improvise on the fly, and if this is not possible for you due to your inability to put that into the code or because you are not that good at coding then your bot will always be inferior than you, which means the only way for a bot to be profitable is that you are so good at trading that even an inferior version of yourself can make profits in the market, something incredibly difficult to do.

[stomachgrowls]

You are right to hold some skepticism around trading bots, the truth is that bots can be very effective but there is a catch, if you do not know how to trade manually then there is little hope that you will make any money even with a trading bot, you need to know how to trade because if you do not then it is going to be impossible for you to actually know if the strategy that the bot is using is profitable or not, so if you were to code a bad strategy into the bot the only thing it will do is to lose money for you at an alarming speed.

That's what I always say to my friends who consider using trading bots, if they don't have any experience trading or they don't know how to do a trade themselves that generates profit then how will they generate that profit in a bot that only follows your instructions, a bot will only be as good as it's owner and the specifications that that person has added to the bot.

And that is the best case scenario, a bot can only be as good as yourself if you can put into code every single aspect of your strategy including your ability to improvise on the fly, and if this is not possible for you due to your inability to put that into the code or because you are not that good at coding then your bot will always be inferior than you, which means the only way for a bot to be profitable is that you are so good at trading that even an inferior version of yourself can make profits in the market, something incredibly difficult to do.

Bots are created by human and of course they are inferior when it comes to decision making yet they had been created on following a specific command.It doesnt really need for you to have that coding

skills but at least you should make yourself aware on how things should be done and speaking on editing bot commands then it a must thing for you to at least on how to read it up and
made out some changes according to your preference.

Bots are for automation but most people do have those wrong impressions that these things could guaranteed profits which is really a very wrong mindset to have.

[andriarto]

You are right to hold some skepticism around trading bots, the truth is that bots can be very effective but there is a catch, if you do not know how to trade manually then there is little hope that you will make any money even with a trading bot, you need to know how to trade because if you do not then it is going to be impossible for you to actually know if the strategy that the bot is using is profitable or not, so if you were to code a bad strategy into the bot the only thing it will do is to lose money for you at an alarming speed.

That's what I always say to my friends who consider using trading bots, if they don't have any experience trading or they don't know how to do a trade themselves that generates profit then how will they generate that profit in a bot that only follows your instructions, a bot will only be as good as it's owner and the specifications that that person has added to the bot.

And that is the best case scenario, a bot can only be as good as yourself if you can put into code every single aspect of your strategy including your ability to improvise on the fly, and if this is not possible for you due to your inability to put that into the code or because you are not that good at coding then your bot will always be inferior than you, which means the only way for a bot to be profitable is that you are so good at trading that even an inferior version of yourself can make profits in the market, something incredibly difficult to do.

bots have the nature of helping our trading, we cannot possibly have free time 24 hours a day, so bots will help us to earn money. don't be misunderstood that bots will be more proficient in trading. sometimes bots cannot work under certain conditions, therefore manual trading skills are still needed to be successful

[TelolettOm]

I so far never try such kind of trading bot.
But I also have heard about this bot. Some trading bots may have advanced tech olpgy, with AI. And paid trading bots may be able to work effectivelly. But, we also need certain ability and knowlege to set and manage the bots. Without it, the bit may not be able to work effectively and well enough.

Bur if you refer to free trading bots, I think that it will not be very special or effective. I will prefer to be careful in this. None will guarantee

[ermanaltind]

I beleive that bots are more than a machine like workers. for example ıf you have 10k customers with 100 USD , 1 million usd will be under your control (under bot control as advertised) , I don't beleive that these bots working totaly in freedom. you can manipulate altcoins easly. So probably, you realize some altcoins go up about double price without based on any real financel  realities even general market goes down. This ovement is different from pump group actions. Bear bull effect : yes maybe, another fact Trading bots.
Just an idea
I don't use any trading bot so everything here is  opinion only

[GreatArkansas]

Have you ever used a bot to automate your trading? Do you trust it enough to make the right decisions? If trading bots are as good as they claim, why are folks not using them as much as they should?

I haven't tried yet to use any bots to automate my trading.
But my basic understanding of trading bots is it is more likely to follow your configuration if you set any, like your analysis or conditions when to buy/sell or stop loss.
I saw other trading bots are using pre-configured settings on tradings if you don't want to create your own. Or there are some trading bots platforms that some configurations are public and you can check how the configuration works and it's up to you if want to use it.
So overall for me, I can not say that using trading bots is not good, as long as you know how it works and you understand it, it's good for me.

[gamer4156]

Most bots have their own procedures and contents that they execute and some can be customized to do some more. In any case, they are totally exposed to the very dangers that exchanging an extremely unpredictable market has extraordinarily assuming you consider the siphon and dumps of altcoin market. The thing is past patterns, history and bots examination aren't 100 percent right with the current market, you should know about exchanging ready to procure benefit.

[carlfebz2]

You are right to hold some skepticism around trading bots, the truth is that bots can be very effective but there is a catch, if you do not know how to trade manually then there is little hope that you will make any money even with a trading bot, you need to know how to trade because if you do not then it is going to be impossible for you to actually know if the strategy that the bot is using is profitable or not, so if you were to code a bad strategy into the bot the only thing it will do is to lose money for you at an alarming speed.

That's what I always say to my friends who consider using trading bots, if they don't have any experience trading or they don't know how to do a trade themselves that generates profit then how will they generate that profit in a bot that only follows your instructions, a bot will only be as good as it's owner and the specifications that that person has added to the bot.

And that is the best case scenario, a bot can only be as good as yourself if you can put into code every single aspect of your strategy including your ability to improvise on the fly, and if this is not possible for you due to your inability to put that into the code or because you are not that good at coding then your bot will always be inferior than you, which means the only way for a bot to be profitable is that you are so good at trading that even an inferior version of yourself can make profits in the market, something incredibly difficult to do.

bots have the nature of helping our trading, we cannot possibly have free time 24 hours a day, so bots will help us to earn money. don't be misunderstood that bots will be more proficient in trading. sometimes bots cannot work under certain conditions, therefore manual trading skills are still needed to be successful

Bots are for automation of your trades which simply means that whenever you do make set of those commands then this is the only thing on where bots would do nothingless.It is really just people does have a very

wrong mindset to have towards bots on which they do believe that it could generate out assurance in terms of profits which isnt really that way.You would definitely able to realize these things when you do able to

experience for yourself and find out on how does it works and it is really just good for that sole purpose.Nothing beats out manual trading.

[Silberman]

bots have the nature of helping our trading, we cannot possibly have free time 24 hours a day, so bots will help us to earn money. don't be misunderstood that bots will be more proficient in trading. sometimes bots cannot work under certain conditions, therefore manual trading skills are still needed to be successful

As you state the main advantage that a bot has over a human is its ability to perform the same strategy without any doubt or second guessing itself and do so for the entire day, even a good trader has lapses of concentration and that can be more than enough to suffer a few losses here and there, still the fact that people think that bots are automatic money making machines is a problem, however in my experience the ones that think that are the ones that do not really know how to trade by themselves and want the bot to do everything for them.

[Iq45]

To take advantage of cryptocurrency markets, bots are used by traders, that trade 24/7 all over the world. 

[Monochroic]

Personally, I would like to stay away from these crypto bots and stick to manual trading. Leaving the responsibility of my trading career on a set of programs is not my cup of tea. What if a sudden market fluctuation wipes my account and I have no idea about what happened to my account.

[Silberman]

Personally, I would like to stay away from these crypto bots and stick to manual trading. Leaving the responsibility of my trading career on a set of programs is not my cup of tea. What if a sudden market fluctuation wipes my account and I have no idea about what happened to my account.

That is one reason many people do not like to use bots, some use bots to look for profitable signals as bots are way faster than any human at finding opportunities and monitoring the markets, but at the end the ones that take the decision to trade the markets is a human trader checking that everything is as it should be, however the people that do that do not rely in a third party software and most of the time they code their own bot so they avoid to reveal the strategy they are using to trade the markets to someone else.