Crypto Trading Bots

[Mkmanik]

Have you ever used a bot to automate your trading?

Yes, I have. Still, I am using Kucoin for the trading bot. They are offering 5type of free trading bots. You can check more details from here: https://robot.kucoin.com/web/index?lang=en_US

I am also Using Pionex exchange, They are offering free 12kinds of free trading robots. You can check more details from here:
https://www.pionex.com/

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

If you know how to use it, then it's fine. If you don't know, Try to learn more.
Without knowing all details don't try to use it. There are a ton of videos available on Youtube and their official website regarding Robot trading. So it would be best to read/watch some blogs. A lot of people use Robot trading that I know.

[Alanaz]

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.

okay I understand what you're saying but back again it's up to the choice of each person who runs it.
on the other hand the people who created it, of course, they are also people who are businessmen and want the same profits as almost everyone.
I feel you are right in this matter because there must be someone who pays special attention to beginners who never know about this, but on the other hand to believe it or not depends on the judgment of each person.
I personally never wanted to use this thing because for me it was a pointless thing but for others it might not be what I think

[Stedsm]

Why are you interested in burning your money behind bots for things that can be done by you without their help as well?

Set a limit buy at your predefined low and set your take profit at your predefined high, and it also won't cost you anything. And which bot made which crypto millionaires? May I please have some links regarding this?

[crzy]

Bots might not be pefect but to many its working but of course BOT also have a common strategies and indicators with other traders that's why its not all about profit and there's no guarantee for that even if you are using bot. I guess they pay for Bot for the purpose of conviniency, some trader really prefer this and that's fine.

[DoublerHunter]

Why are you interested in burning your money behind bots for things that can be done by you without their help as well?

Set a limit buy at your predefined low and set your take profit at your predefined high, and it also won't cost you anything. And which bot made which crypto millionaires? May I please have some links regarding this?

BOT are working, but still depends on the market situation and the strategy that you’ll create using that BOT. Many are not using this because they are confident about their trading skills and paying with the BOT fees might not be ok with them. BOT will work for a busy person who wants to trade automatically, i believe this is the real purpose of BOT and not to make you a millionaire instantly.

^ But remember that trading bots will not work without us as a trader, they only work on behalf of us and what we instructed to them.
I agree that trading bots are very helpful, they will help while you are sleeping and monitoring the market and it will help most especially while you are traveling. Both is only a tool and not a machine that create money for you, so don't expect that trading bot will generate money on their own.
However, trading bots are only good when you are an expert in the market but if you are a newbie, a trading bot is not recommendable at your stage.

[Masplanc]

Bot can not make you rich over night , I guess that's the information many pass without giving details about how bot works.  Bot is controlled by human. One who operates with bot to trade must have good understanding about trading.  In a case where their is no knowledge in trading thinking bot can give you all you need which is not possible.

[leea-1334]

Maybe people need to be bitten to learn.

okay I understand what you're saying but back again it's up to the choice of each person who runs it.
on the other hand the people who created it, of course, they are also people who are businessmen and want the same profits as almost everyone.
I feel you are right in this matter because there must be someone who pays special attention to beginners who never know about this, but on the other hand to believe it or not depends on the judgment of each person.
I personally never wanted to use this thing because for me it was a pointless thing but for others it might not be what I think

Of course it is the choice of the person,,, that is kind of what I am saying. People willingly make the choice to get scammed every day since 100s of years ago. This is not at all something only found in crypto. Greed is evident in people, seemingly the more money people have the more greedy they are. It has something to do with this thing of "working hard to earn your money". If people did not suffer for it, they feel more easy to let it go.

I am right about this. And this is my warning to everyone reading. Maybe they read it and take note,,, if so I feel I did my job.

[zaesvlas]

To be honest, the option of working with bots does not appeal to me at all. This is not entirely safe, and the main thing is that I cannot control the result.

[sirminesalot]

Bot can not make you rich over night , I guess that's the information many pass without giving details about how bot works.  Bot is controlled by human. One who operates with bot to trade must have good understanding about trading.  In a case where their is no knowledge in trading thinking bot can give you all you need which is not possible.

Bot is not controlled by humans but i was made by humans. So every commands that planted on the bots will be executed on the market and cannot be controlled when it's running, we just could stop it.
So i think in crypto market using trading bots is not recommended because the market volatility, there is no perfect bot yet for crypto market that could handle any posibility because it's too many and it could be changing everytime in a short time.

[teosanru]

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?

It's not that different from human trading, human traders generally use sort of triggers for their buy and sell, these triggers are some indicator values or crossovers, bots behave in the similar fashion, you have to input the same triggers into the program and the bot would just buy and sell at those points, there is not much difference except that no emotions means no reckless buying and selling, you are basically trading mathematically.

[Coin_trader]

To be honest, the option of working with bots does not appeal to me at all. This is not entirely safe, and the main thing is that I cannot control the result.

If you know how code works then this bot trading is profitable especially if you are the one develop since it is a necessity on an AMM exchange trading due to high market order volume there. It will be an advantage if you are buying a newly listed coin on DEX or do a scalp trade on a highly volatile market.

But yeah, Bot trading is very risky if you don't have any idea on the code that used on the bot.

[TheUltraElite]

Bots might not be pefect but to many its working but of course BOT also have a common strategies and indicators with other traders that's why its not all about profit and there's no guarantee for that even if you are using bot. I guess they pay for Bot for the purpose of conviniency, some trader really prefer this and that's fine.

A bot is used for automation. A bot is not made to generate profit, unlike what some newbies might think.

People need to get this in their heads, bots run algorithms and they are going to execute some actions on the previously set triggers. This helps in allowing the actual human to take a break from looking on the screen all the time. Just use your common sense, if this bot could make you a millionaire, everyone would be buying this bot and there would be millionaires everywhere and not rekt traders - but that is hardly true, so you can figure out the reality easily.

To be honest, the option of working with bots does not appeal to me at all. This is not entirely safe, and the main thing is that I cannot control the result.

If you program the bot yourself, the data is safe and within your control. Not sure what you are implying by "result" here, bots will execute a set program on a set trigger, nothing more.

[Ziskinberg]

To be honest, the option of working with bots does not appeal to me at all. This is not entirely safe, and the main thing is that I cannot control the result.

If you know how code works then this bot trading is profitable especially if you are the one develop since it is a necessity on an AMM exchange trading due to high market order volume there. It will be an advantage if you are buying a newly listed coin on DEX or do a scalp trade on a highly volatile market.

But yeah, Bot trading is very risky if you don't have any idea on the code that used on the bot.

It is really more advantageous when we have the knowledge in trading as it all relies upon us.
We believe that some trading bots are working good but just wonder why many were not using it rather than to trade manually. Maybe it was because traders are not much confident with the effectiveness of this machine or that was because manual trading is helping us to improve our knowledge and skills which is more important, I think.

[wallet4bitcoin]

I will never use any trading bot. I am not sure what will do bot. What will do trading bot?  Where you need to decide when you buy and when you sale. I think stop lose and take profit is enough in trading, It’s automated so we can say it bot also 

[jostorres]

Have you ever used a bot to automate your trading? Do you trust it enough to make the right decisions?

I tried two different trading bots for crypto markets in the gap of around 3 years but no big differences in the performances and moreover I am multifold better in maintaining consistency and cutting losses earlier than those bots. Hence, never trust someone's codes; just trade manually and slowly you will be into profits hence start with least possible capital.

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

Folks are not using because bots are NOT good as its promoters claim; simple .

[Silberman]

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?

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.

[RealMalatesta]

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?

I would not say "never" use them, they are still something that you could learn a bit of things from, they are still not that far away from the reality and it is certainly good if you could find a decent bot as well. The main problem that most people forget is that unless you have been using one for a long time and know how to use it then you are not going to even make a profit during the bull period.

[Hamphser]

I will never use any trading bot. I am not sure what will do bot. What will do trading bot?  Where you need to decide when you buy and when you sale. I think stop lose and take profit is enough in trading, It’s automated so we can say it bot also 

Trading bot is for automation nothing-less and its a wrong presumption that using it wouldnt do anything good or something beneficial.It is just other peoples belief that they could really make guaranteed profits on using

them which is really a very wrong mindset to have as a trader or investor.Bots are useful specially if you are  away from your pc or couldnt able to check it out but of course you would need to set them according on

action executions that you do like and not just letting them handle into those preset strategies that had been put up.We know that there are times that bots couldnt
make out sudden decisions or actions on some cases thats why i do prefer manual trades most of the time.

[sheenshane]

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?

I would not say "never" use them, they are still something that you could learn a bit of things from, they are still not that far away from the reality and it is certainly good if you could find a decent bot as well. The main problem that most people forget is that unless you have been using one for a long time and know how to use it then you are not going to even make a profit during the bull period.

I wouldn't say "never" if you know how to use automated trading bots, they are still a useful tool if you know how to use them.
An automated trading bot will not work without you, this isn't a machine that will work and make money for you.  On behalf of you and under your command, a trading bot will work fine.  This is still useful on my side especially when you aren't around facing your PC and monitoring the market price, automated trading bot will execute buy/sell under your command.

Each of us has different perceptions of this automated trading bot system, but when you say they are useless, no, I wouldn't agree.  It depends on how to use it.

[boyptc]

I will never use any trading bot. I am not sure what will do bot. What will do trading bot?  Where you need to decide when you buy and when you sale. I think stop lose and take profit is enough in trading, It’s automated so we can say it bot also 

There's still the need for the trader to take decision even he's using a bot.

I also think of the same about that, setting your stop loss, buy order and sell order, they're already automated to me. But there are those traders that can make use for the better experience with those.

I'm not just used in using them just as you. But as long as you know how to set those things automatically without the use of bot, you're already good as is.