Crypto Trading Bots

[Davidvictorson]

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. 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. 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?

[pooya87]

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

It sounds like what you've heard is fake advertisement used to sell vaporware.

For some of these bots, the user can program them to buy at predefined low and sell at a predefined high.

Generally speaking bots are made to automate the jobs that you would have done otherwise yourself. They are not magical tools that you would press a button and become rich after some time. In other words if you don't understand the market and how trading works, bots become useless to you.
Most bots have their own strategies and scripts that they execute and some can be programmed to do some more. But they are all subjected to the same risks that trading in a very volatile market has specially if you consider the pump and dumps of altcoin market.

[Alanaz]

Simply put, if this bot is running pretty well then why don't they use it for personal needs and why should it be shared with others.
indeed maybe it will be useful for some people but it is only for the developers and those who own the business only not for the merchants and consumers of the bot.
although I'm not very good at trading but I feel I'm more comfortable trading alone than trading with the help of bots like this

[Jawhead999]

As you said it's predefined, you're controlling the bots to execute the buy and sell based on which price you want to do that. The trading bots don't have a crystall ball to detect the bottom and the peak each day, it's based on the previous trends, history, and bots analysis. The thing is previous trends, history and bots analysis aren't 100% correct with the current market, you will need to have knowledge about trading in able to earn profit.

[TheUltraElite]

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.

While the first part of the statement is totally correct, the second part is equally wrong.

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.

That would not be different from setting buy orders and sell orders on an exchange and then waiting it out, if the exchange allows that much. A bot can help but the main purpose why someone might use it is beyond this.

Have you ever used a bot to automate your trading?

No.

Do you trust it enough to make the right decisions?

If I am using one it will be programmed by me only. Then only I would trust it.

If trading bots are as good as they claim, why are folks not using them as much as they should?

Bots are made to automate trades, not to make a person a millionaire. End of the day the bot functions same as what it has been programmed to do. If you ask me, then every bot is "good" if I am using the word "good" to denote whether the bot execute the program properly, then all bots will be "good". But if I say whether a program is going to give you profit, here the speculative market might not be profitable for someone's program. It will mirror the same way a trader makes profit.

[Yaunfitda]

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. 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. 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?

Well you have a big misconception about trading bots, first it will not turn anyone into instant millionaire, second, you will still have to go to a learning curve, third bots still rely to humans, on how to set it up properly. So it's not like a magic bean that you will suddenly make you passive income day in day out. There could be a couple that is good but most probably those who are using trading bots still needs to work their ass off.

[Sanitough]

I will not accuse it's fake but I believe it will not work in the long run.
Having a bot made your job easy but will it foresee the price movement on the sudden news that could cause panic or hype? of course not.

Therefore, it's up to you if you will believe and use it, but I suggest not and just learn on your own so you can rely on yourself in the long run.

[RichardM]

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. 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. 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?

Crypto trading bots are computer programs that trade cryptocurrencies automatically according to certain pre-programmed settings. These can be customized to suit the user's preferences.

[Issa56]

Seriously am not really a fan of trading with bot because they are just programmed and they can't be trusted, I know of some people that use bot to trade and they endup losing lot's of money so I don't really recommend anybody to use bot to trade. You can just do your analysis and trade yourself because definitely bot will fail you with time.

[leea-1334]

Simply put, if this bot is running pretty well then why don't they use it for personal needs and why should it be shared with others.
indeed maybe it will be useful for some people but it is only for the developers and those who own the business only not for the merchants and consumers of the bot.
although I'm not very good at trading but I feel I'm more comfortable trading alone than trading with the help of bots like this

Simply put was already what I said. Guarantee does not exist in profits,,, crypto, or fiat, or stocks, whatever.

If you can make even 0.5% a day, you can double money and make a million in no time. Then it does not make sense to charge $5 or $500 for a bot that everybody would use and would put your strategy out of business.

[Oilacris]

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. 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. 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?

Bots are for automation nothingless and you are still the ones who do make out some set-up according into your preference and some of them or not most is already pre-setting already which means
that you could ran it off according into that specific strategy or settings on where it had been mandated on a certain bot.

Its up to yours whether you do edit it according into your knowledge or would depend into those settings.Its always been a bad or false impression or belief
that bots could make you millionaire.

This is really a very wrong mindset to have and should be avoided so that you wont mess out.

[gabbie2010]

Iam not a fan of crypto trading not neither do I subscribe to using it, I had read many conflicting reviews about it, thus I don't want to take any risk in the name of earning profits via automation, I am more inclined to mechanical method of trading which entails physical observation of candlestick patterns after it was formed with with the aid of some indicators. Though some traders might have been deploying bot in their trading and earning decently good for them but it is very risky.

[noormcs5]

Seriously am not really a fan of trading with bot because they are just programmed and they can't be trusted, I know of some people that use bot to trade and they endup losing lot's of money so I don't really recommend anybody to use bot to trade. You can just do your analysis and trade yourself because definitely bot will fail you with time.

Bitcoin and altcoins charts are the representation of human behavior on price actions and even if you train the bot for all possible outcomes, it can't incorporate the fundamental analysis of the coins. The bot may be performing very well but it can't react on the tweets from Elon Musk or fud news about china bans.

Bot trading is for the lazy ones who do not understand the market and hope bot would earn them money.

[Smartvirus]

Generally speaking bots are made to automate the jobs that you would have done otherwise yourself. They are not magical tools that you would press a button and become rich after some time. In other words if you don't understand the market and how trading works, bots become useless to you.
Most bots have their own strategies and scripts that they execute and some can be programmed to do some more. But they are all subjected to the same risks that trading in a very volatile market has specially if you consider the pump and dumps of altcoin market.

Nicely said. You know people get the ideas of bots to be all perfect machines that would run analysis for you on a more better scale and sh*ts like that but, its all subject to a programming , your programming based on your analysis of the market. Though it might execute your order for a but or sell, stop lose it take profit, your consciousness of the market is still of great importance. You ought to be very mindful of your running trades because, there are times when the market would experience a jump and should it be on a lose , your at disadvantage. In times like this, the stop lose if any, is likely not to be hit and the lose keeps counting against your favour with no one to blame.
Bots might help to fil in your busy schedule but, only to some extent.

[OcTradism]

We all know how volatile the crypto market is especially now.

Very volatile and if you use leverages for your trade. Volatile market will kill you, exchanges will kill you, market makers will kill you. Bots can not save you.

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

Does it sound too good to be true? I believe it is, if if you think so too, you will recognize that is is not true.

It is what you always heard of when people shill you about Get rich lesson. Bots can be good or bad by designs, codes but even a good bot will also have different and opposite results. Results depend on users. Outstanding traders will use bots more effectively and amateur traders.

[BIG LIST] Crypto Trading Bots. It is a collection of good trading bots so you can read it as reference.

[Alanaz]

Simply put, if this bot is running pretty well then why don't they use it for personal needs and why should it be shared with others.
indeed maybe it will be useful for some people but it is only for the developers and those who own the business only not for the merchants and consumers of the bot.
although I'm not very good at trading but I feel I'm more comfortable trading alone than trading with the help of bots like this

Simply put was already what I said. Guarantee does not exist in profits,,, crypto, or fiat, or stocks, whatever.

If you can make even 0.5% a day, you can double money and make a million in no time. Then it does not make sense to charge $5 or $500 for a bot that everybody would use and would put your strategy out of business.

maybe it would be an exaggeration to say that it was immediately said to be a fraud but it is like you said, when you can get even a little profit in one day it is good enough, so why rely on tools or other people for that.
Doing things like this actually when viewed with a simple eye does look profitable but when explored further it will only make losses everywhere.

[CryptoWebDirectory]

Never used one and don't plan on using one anytime soon. Think of it this way... If it were really that easy then everyone would be rich from it. No matter what you read or see, I doubt that's the case with trading bots. Bots have been around for stocks and forex long before crypto came around, and most were scams. If you were really skilled you might be able to make one somewhat profitable, but I prefer to look at charts and open/close trades manually rather than relying on a bot to do it for me..

[leea-1334]

Simply put was already what I said. Guarantee does not exist in profits,,, crypto, or fiat, or stocks, whatever.

maybe it would be an exaggeration to say that it was immediately said to be a fraud but it is like you said, when you can get even a little profit in one day it is good enough, so why rely on tools or other people for that.
Doing things like this actually when viewed with a simple eye does look profitable but when explored further it will only make losses everywhere.

Dude it is not an exaggeration at all,,, anybody who guarantees is running a scam. Do not make one moment the mistake of thinking that "Maybe" it is real. It is not. 1000+ years of financial fraud history is littered with people promising and guaranteeing, and fools with money cannot wait to make it all go away.

Maybe people need to be bitten to learn.

[Ararbermas]

There are different types of bots mate so you should be specific. But yeah they're useful especially to those people who don't have enough time to study the market but still interested to make money with crypto. Its quite expensive i guess, but some say its worth.  But a friendly reminder, make research and obtain specific information always to prevent scammers because you know there are some frauds selling around the internet and very professional when it comes scamming so be aware.. Must rely which is clearly most reliable to assure everything will be fine.

[The Cryptovator]

I am just curious how useful are trading bots. Bots wouldn't take real-time decisions like a human. Perhaps bot would help in some cases but I don't think you would become a millionaire by fully automated trading bots. Otherwise, there shouldn't any poor people in the world. Just keep in mind when you are making a profit someone losing on the other end. This is how trading works actually. I am not familiar with any trading bot nor I am interested. Just take suggestions if anyone really using from your nearest person. Don't believe in random person's reviews or YouTube videos.