Experience of using a cryptorobot

[leea-1334]

People ARE lazy. Watching prices all day is being lazy

Why watch price all day when you use algo trading? It's like watching the price every day when you are a long-term investor. People in this case are not lazy, but stupid and do not understand what the bot is for. They try to hammer nails with a microscope.

But that is my whole point And we are in agreement here that people should not watch prices all day and use algos or bots,,, and let it automate for them.

But this is why I say most people are lazy. They do NOT want to spend time researching and refining strategies and then set their bot up to do things on their behalf.

They lazily get a bot that they think makes them automatic profit and sit and watch all day 

They are not stupid. They have brains. They probably got uni degrees. They are just lazy

[1714938690]

1714938690

[1714938690]

1714938690

[1714938690]

1714938690

[GeorgeJohn]

It seems to me that the use of bots has a negative effect on the results of the trader's work and on the experience of the trader in general.

I have commented in this thread before, and i know quite well that i state out some possible advantages ( positive impact of bot application trading) and the disadvantages ( negative impact of bot application trading) it's very obvious that with bot you will not lost your funds that way, but the disadvantages is that with bot application they will not be sustainable profit or Mega profit compare to someone who's trading manually.

[Fatunad]

It seems to me that the use of bots has a negative effect on the results of the trader's work and on the experience of the trader in general.

I have commented in this thread before, and i know quite well that i state out some possible advantages ( positive impact of bot application trading) and the disadvantages ( negative impact of bot application trading) it's very obvious that with bot you will not lost your funds that way, but the disadvantages is that with bot application they will not be sustainable profit or Mega profit compare to someone who's trading manually.

Bot are for automation and this should really be put up in mind because majority of people specially noobs do believe that this is some money making machine which they could make out profits
on long term duration without doing anything or something or less effort but once you do experience the reality then you would really be finding out yourself on believing on things
which doesnt really happen after all. Bots are for automating your trades which simply means that you would need still to edit or command the bot on what are the things that they should do
and if you dont have any knowledge about it then you are just simply throwing off your money.

[jaberwock]

It seems to me that the use of bots has a negative effect on the results of the trader's work and on the experience of the trader in general.

Not really if you are using bots to automate the process and use your brain to make the strategies. I mean as long as you are using bots to automate a certain process that can be repeated humanly, I think it's fine. The problem starts when people buy bots with pre-determined strategies implemented in the bots and then they just hope those outdated strategies work.

There are some crypto-bots that spot any arbitrage trading opportunity and then you can capitalize on it quickly with the help of the bot. It's like buying BTC @$39k on KuCoin and selling for $40k immediately on Binance. These are things where you can use bots but quite honestly, there aren't many opportunities like this in the current market. Years back these things were more common and easily available.

[GeorgeJohn]

Bot are for automation and this should really be put up in mind because majority of people specially noobs do believe that this is some money making machine which they could make out profits
on long term duration without doing anything or something or less effort but once you do experience the reality then you would really be finding out yourself on believing on things
which doesnt really happen after all. Bots are for automating your trades which simply means that you would need still to edit or command the bot on what are the things that they should do
and if you dont have any knowledge about it then you are just simply throwing off your money.

It seems that you really comprehend what i emphasised exactly, many people mindset is that made mentioned of bot application you have arrived for profit launching and making through trading of cryptocurrency, but it's something that is officially and understandable that th e impact bot application implies in trading is the perfect and it grant opportunity for generating quantum's of profit daily and weekly, i tried to disregard that totally.

[fullhdpixel]

But this is why I say most people are lazy. They do NOT want to spend time researching and refining strategies and then set their bot up to do things on their behalf.

A common mistake and one that I made too when I was new in crypto trading. I remember I purchased some cheap bot and during those times Poloniex was a known exchange and I have no idea what the bot was doing but it generated profits and then it lost everything slowly. I just had to enter the amount of BTC I want the bot to trade for me. Now looking back at those days, I feel dumb because unless I am keeping a track of the market, it's hard to make money from trading whether it's bots or manually.

Bots can only help you if you have a plan and require some kind of assistance automating a process. If you think you can just deposit money in the night and the bot will earn you millions by the time you wake up in the morning, you are mistaken.

By the way, are you guys trading more on CEX or DEX? I personally prefer trading on DEX these days after almost all the exchanges are getting strict with KYC and privacy is almost extinct.

[leea-1334]

But this is why I say most people are lazy. They do NOT want to spend time researching and refining strategies and then set their bot up to do things on their behalf.

A common mistake and one that I made too when I was new in crypto trading. I remember I purchased some cheap bot and during those times Poloniex was a known exchange and I have no idea what the bot was doing but it generated profits and then it lost everything slowly. I just had to enter the amount of BTC I want the bot to trade for me. Now looking back at those days, I feel dumb because unless I am keeping a track of the market, it's hard to make money from trading whether it's bots or manually.

Bots can only help you if you have a plan and require some kind of assistance automating a process. If you think you can just deposit money in the night and the bot will earn you millions by the time you wake up in the morning, you are mistaken.

By the way, are you guys trading more on CEX or DEX? I personally prefer trading on DEX these days after almost all the exchanges are getting strict with KYC and privacy is almost extinct.

Oh I remember Poloniex a lot and a bot might have been useful there even for the loan facility,,, you could loan out BTC and other crypto for very short durations and earn interest. I remember you could earn even 10% for 1 day loans to other traders and instead of sitting there and looking for loans just use the bot and repeatedly loan out BTC for 1 hour or 1 day all around.

That makes perfect sense but to trade itself, if your strategy is bad,,, the bot just automates a bad strategy  

[Issa56]

as I stated before, the only working bot is the one you can code yourself.
don't subscribe or pay for bots you can't access the source code.
If you know how to trade and if you know how to code, it's pretty easy to be profitable.
if you wanna check some results of my bot, here they are: rekt.it/video.html

You know what, even if you can access the source code o a bit I won't still advise anybody to use not to trade, bot will definitely fail you one day and when it will fail, you might not really expect it. I know lot's of people that have tried different bot to trade which they always end up losing their money, so the best thing you should do it just to learn how to trade urself, learn to do analysis and stop depending on any bot.

[rektbot]

as I stated before, the only working bot is the one you can code yourself.
don't subscribe or pay for bots you can't access the source code.
If you know how to trade and if you know how to code, it's pretty easy to be profitable.
if you wanna check some results of my bot, here they are: rekt.it/video.html

You know what, even if you can access the source code o a bit I won't still advise anybody to use not to trade, bot will definitely fail you one day and when it will fail, you might not really expect it. I know lot's of people that have tried different bot to trade which they always end up losing their money, so the best thing you should do it just to learn how to trade urself, learn to do analysis and stop depending on any bot.

i would agree with you.. but..
take for example a grid bot, and imagine that grid is at 100% below the price, the only way you will lose is if that crypto goes to zero.
that's math, not scifi..

[globalpain]

as I stated before, the only working bot is the one you can code yourself.
don't subscribe or pay for bots you can't access the source code.
If you know how to trade and if you know how to code, it's pretty easy to be profitable.
if you wanna check some results of my bot, here they are: rekt.it/video.html

You know what, even if you can access the source code o a bit I won't still advise anybody to use not to trade, bot will definitely fail you one day and when it will fail, you might not really expect it. I know lot's of people that have tried different bot to trade which they always end up losing their money, so the best thing you should do it just to learn how to trade urself, learn to do analysis and stop depending on any bot.

For me using bots is not a good choice and as much as possible to avoid it,
trading manually is much better compared to bots because we know what to do,
Before using bots, it's better to do some research first so you don't regret it later

[molsewid]

For me using bots is not a good choice and as much as possible to avoid it,
trading manually is much better compared to bots because we know what to do,
Before using bots, it's better to do some research first so you don't regret it later

I actually used bot last year, and it is really bad and I regret using that. My friend suggested to use that bot in futures, at first it is okay but at the end it always makes me hit the stop loss. The bot is not well functional, it always counter the chart and the bot always chooses cross, that's why my fund loses in just a days. That's the time I say to myself that I don't need a bot, and I am too lazy to understand the market so now, I am still learning how to read it.

[Hamphser]

For me using bots is not a good choice and as much as possible to avoid it,
trading manually is much better compared to bots because we know what to do,
Before using bots, it's better to do some research first so you don't regret it later

I actually used bot last year, and it is really bad and I regret using that. My friend suggested to use that bot in futures, at first it is okay but at the end it always makes me hit the stop loss. The bot is not well functional, it always counter the chart and the bot always chooses cross, that's why my fund loses in just a days. That's the time I say to myself that I don't need a bot, and I am too lazy to understand the market so now, I am still learning how to read it.

Its not well functional but rather volatility is the main reason or culprit on why those SL's are been triggered or hit and that not something unusual on this market.This is why its really important that you are

knowledgeable on making out some sudden change in setting for your bot for such automation.Dont took or give the blame into those tools considering that they are still useful if you do know on what
you are doing.Dont expect or anticipate that its a money making machine because thats not how it works.Be realistic so that you wont really be ending up on frustration.

[Issa56]

Before using bots, it's better to do some research first so you don't regret it later

I believe if you can do research on your own then why do you have to make use of crypto bot, most people that do use bot those not really know about technical analysis, I believe if you can do your analysis yourself then you should trade yourself  and don't depend on any bit because they will definitely disappoint you at the end.