Are trading bots worth using in the cryptocurrency trading?

[Shelley_2]

Have you heard the buzz about the upcoming Bubble Futures Bot project? They're about to launch their Future Trading bot, which will be available on both Discord and Telegram. This bot is set to revolutionize the world of crypto trading by allowing you to go long or short on a wide range of on-chain assets. But what's the secret sauce behind its success? Well, it's all about the art of betting against asset prices.
Bubble Futures Bot has something special up its sleeve – it's tapping into the power of Chain Link's price oracle on the Ethereum Chain. This means it can fetch real-time prices from both centralized and decentralized trading platforms. Imagine having that kind of data at your fingertips for your trading decisions!
Now, you might be thinking, "Is this just another one of those trendy bot projects like Unibot, Aim Bot, or Banana Bot?" Well, you're not wrong – bot projects have been making waves lately, and many traders have been raking in profits. So, should you jump on board with the Bubble Futures Bot project? It's a question on many minds.
The key to making an informed decision lies in doing your own research (DYOR). While projects like these have been known to deliver substantial profits, it's essential to analyze the specifics of Bubble Futures Bot carefully. Understand its features, risks, and benefits before diving in. After all, in the world of crypto trading, knowledge is power, and a well-informed choice can make all the difference in your journey to financial success.

Check out their website for more information.
website: https://bubblebot.finance/

[covfefe_]

Yes, crypto bots are useful trading tools. They automatically trade for you according to your trading strategy even when you are on your sleep. They are a good way to make profit buying low and selling high.
The only complaints for most bot services are their fees. But with increased numbers of popular exchanges providing free bots for its users, bot has been available for a larger group of people. And high use of bots make the market relatively stable.
The futures increases the risk a multiple times than you trading with your own coin. They do provide better yield if you are successful but they are closer to betting than trading.

[kizlod]

It sounds like a good tool, but it still can't make mistakes. But I just wouldn't want anyone or anything else to deal with my money. It's better to make your own mistakes and learn from them.

[dlightag]

Bot trading has been functioning for a long term now, and these particular one build for future trading bot. Congrt in advance for future traders using bot, Well that's good idea buy reducing the stress in trading, while bot application do necessary things to exit from market in profits position, but one have to be careful, while making use of bot in trading futures avoid liquidation.

[SamReomo]

Bot trading has been functioning for a long term now, and these particular one build for future trading bot. Congrt in advance for future traders using bot, Well that's good idea buy reducing the stress in trading, while bot application do necessary things to exit from market in profits position, but one have to be careful, while making use of bot in trading futures avoid liquidation.

Bot trading has been destroying the money of traders for long time now and it doesn't matter that if a bot is made for futures or spot trading purpose, it will always make mistakes and the result will be loss of the money of the one who trusted that bot. The bots are only introduced to grab money from the pockets of the naive traders because they don't know trading themselves and they want a solution that could make them money automatically.

Those investors often lose a lot of money by putting their money in the hands of the ones who can control the bot and who can run away with their money. I think it's useless to even try a bot if you really want to earn some good profits because bots aren't profitable at all and anyone who puts his/her money in the hands of a non human bot is just throwing that money into fire.

[wheelz1200]

Some people rely on them but I personally would not.  Unless you are an emotional trader or make dumb decisions over and over again I'd recommend staying away as each circumstance has its own story especially with how volatile crypto is.  Sometimes it's OK to go down × percentage and stay in a specific position.

[KingsDen]

Trading itself is risky, but then if you are not the one that is making the trading decision and controlling the market according to your experience you are risking more compared to the original risk that trading offers.

If you understood me very well. It is better you learn how to trade by yourself and if there is need to use a bot it is to augment your trading strategy and to make some money even when you are off the screen .

Recently, with the trend of trading bots, it has become as if the boots has totally replaced the activity of humans in trading, which is very dangerous if the trend continues. It is just like copy trading, if another is somewhere making all the decisions for you, you can blow up your account at any time and no one will be liable for your loss.

[Ulven]

The Bubble Futures Bot project is something I've never heard of before, but it seems intriguing! They intend to introduce a Future Trading bot on Telegram and Discord, with the goal of revolutionising the cryptocurrency trading industry by enabling long and short positions on various on-chain assets. Their usage of Chain Link's price oracle on the Ethereum Chain, which offers real-time pricing data from both centralised and decentralised systems, distinguishes them from competitors.
It's true that traders have benefited from bot initiatives like Unibot, Aim Bot, and Banana Bot as they have grown in popularity recently. Depending on your investigation, you should decide whether or not to participate in Bubble Futures Bot. Before committing, it is necessary to carefully consider all of its aspects, dangers, and advantages. Knowledge is power in the world of cryptocurrency trading, and making an educated decision can have a big impact on your route to financial success.

[Natalim]

Recently, a lot of newbies asking if trading bots really work. I'm not going to wonder why but it looks like they are promoting their own project.
Although no proof that your project really works compared to other trading bots OP but people must be careful in dealing with this. Trading bots on the other hand will work if that person knows well about trading. But if we ask if this will be working on newbies or just say beginners, I would say "never". For newbies, better to try doing an actual first because even if you lose at least you will be able to learn more as well rather than using these bots.

[_BlackStar]

Recently, a lot of newbies asking if trading bots really work. I'm not going to wonder why but it looks like they are promoting their own project.
Although no proof that your project really works compared to other trading bots OP but people must be careful in dealing with this.

The motive is easy to spot - a beginner with 1 post looks like he is promoting his project or maybe he is getting paid to do it.

Trading bots on the other hand will work if that person knows well about trading. But if we ask if this will be working on newbies or just say beginners, I would say "never". For newbies, better to try doing an actual first because even if you lose at least you will be able to learn more as well rather than using these bots.

Trading bots sometimes benefit traders and sometimes harm them.
This is also nothing new to trading - but the performance of each bot is different. I'm not interested in using any trading bots so far - it doesn't seem like something that would appeal to me who tends to prefer investing over short term trading.

[LogitechMouse]

The Bubble Futures Bot project is something I've never heard of before, but it seems intriguing! They intend to introduce a Future Trading bot on Telegram and Discord, with the goal of revolutionising the cryptocurrency trading industry by enabling long and short positions on various on-chain assets.

You've never heard of it before because it's a new project that they just launched. OP is just promoting his/her product like what most of the newbies out here are doing. Creating a thread, asking a question, and then in the end, they'll make a pitch regarding their project that they're shilling with the newbies out there. No difference at all.

Intend to introduce a futures trading bot on "DISCORD, and TELEGRAM"? 2 of the platforms where scamming are happening the most especially in Telegram. This is a red flag for me already although I'm quite curious in the fact that they can enable long and short on various on-chain assets.
I guess I'll just hope that OP will market this project successfully, and it will not be a scam project in the future. As to your question, it still depends because after all, these bots are being programmed, and they don't know what can still happen in the future. Will they know if the market will go down really hard in the next few weeks? No.

Are trading bots worth using? I guess so because I didn't tried it yet TBH. The real question is "Are trading bots dependable when it comes to crypto trading?" and the answer to that is a big NO. I'm not saying though that trading bots aren't useful, and profitable still, but instead of using bots, why not just trade for yourself, and don't use them.

[wxa7115]

Yes, crypto bots are useful trading tools. They automatically trade for you according to your trading strategy even when you are on your sleep. They are a good way to make profit buying low and selling high.
The only complaints for most bot services are their fees. But with increased numbers of popular exchanges providing free bots for its users, bot has been available for a larger group of people. And high use of bots make the market relatively stable.
The futures increases the risk a multiple times than you trading with your own coin. They do provide better yield if you are successful but they are closer to betting than trading.

Trading bots sound like a great idea, however they are not the automated solution people think they are, for a bot to work as intended you need three things, a working strategy, complete knowledge about the inner workings of such strategy and the ability to put that knowledge in a language your computer can understand.

How many people do you think have those three things? A very small minority, the rest of the traders out there should not use bots as they simply lack the minimum requirements to take advantage of them.

[isaac_clarke22]

Trading itself is risky, but then if you are not the one that is making the trading decision and controlling the market according to your experience you are risking more compared to the original risk that trading offers.

If you understood me very well. It is better you learn how to trade by yourself and if there is need to use a bot it is to augment your trading strategy and to make some money even when you are off the screen .

Recently, with the trend of trading bots, it has become as if the boots has totally replaced the activity of humans in trading, which is very dangerous if the trend continues. It is just like copy trading, if another is somewhere making all the decisions for you, you can blow up your account at any time and no one will be liable for your loss.

Yeah this is already the one worth noting since even by the smartest bots out there whether it is also created by your own, it would be still be risky as it is. It's still your money in the end.

Bots are still helpful, but like every developer's pet peeve out there, it is just a tool in the end and people shouldn't rely on it too much. We're already being replaced by AI anyway. /s

Plus another worth taking note is that bot is still programmed by someone and it can only do what it was programmed to do unless it is an AI.

Trading bots sound like a great idea, however they are not the automated solution people think they are, for a bot to work as intended you need three things, a working strategy, complete knowledge about the inner workings of such strategy and the ability to put that knowledge in a language your computer can understand.

How many people do you think have those three things? A very small minority, the rest of the traders out there should not use bots as they simply lack the minimum requirements to take advantage of them.

There are just people think that trading bots are like ChatGPT in crypto. Even ChatGPT itself already has limitation, what more could be said for bots out there?

[traderethereum]

What should we read from the site when no documents explain the project?
There's still a lot the team needs to add to the project so it doesn't look like it's been officially released yet.
Ok, back to the question thread.
Maybe a trader is worth using a bot but it depends on how the trader can operate the bot.
Without knowing almost all the information about the bot, the trader will not be able to make a profit.
And with market conditions like today, where prices go up and down, the trader has to check the orders in his bot more often and make sure they are running well according to the trader's wishes.

[GeorgeJohn]

Just responding to this because of the subject or the title, so what I want you to understand concerning cryptocurrency and trading is that people who uses bot applications for trading doesn't really make profit as people may think and when you see someone who has not used bot applications before all their mindset is that people who use bot applications are the people who makes more profit than another people, whereas bot has its disadvantages and some of them doesn't give a profit as a return, because some the bot applications undergoes subscriptions, so it's better for whosoever that is learning trading should learn manually instead of depending on bot.

[alistera]

The thing with bots is this, they use a point-in-time model, mostly this can only generate breakeven (zero) profits, i’ve tested many of them. What you need is a historical data model, this needs special code to make it work, mainly due to the massive datasets, which is what I use, and it’s not easy to maintain, but the signals it provides are worth their weight in gold, people often want to use it for white label signals, rarely we ever agree on a price for it but that’s something else.

[Johnyz]

Some people rely on them but I personally would not.  Unless you are an emotional trader or make dumb decisions over and over again I'd recommend staying away as each circumstance has its own story especially with how volatile crypto is.  Sometimes it's OK to go down × percentage and stay in a specific position.

You can be more emotional if you are going to depend only with the trading bots, because that only means you don't practice yourself to control your emotion.
Trading bot works good if you are too busy and don't have much time to deal with the market, but if you are going to fully depend on this then it can be risky.
There's already a reputable platform for the trading bot, its better to use it than to gamble on a new site which for me is very risky.

[Text]

Using trading bots in cryptocurrency trading can be beneficial for some traders because of automation, fast execution, availability, and the elimination of emotions.

For this kind of new trading bot project, it's important to approach it with caution since it is still in the early stages, and we don't know if it will be successful or not.
It is also not recommended to rely solely on a bot without understanding its strategy, as the market can lead to losses.
Understanding the bot's strategy and how it operates is crucial. Start with a small investment and monitor its performance.

There is no perfect bot, so they can make mistakes. You should be aware of the risks involved, such as overtrading and market manipulation.
Don't forget to have a stop-loss order in place to limit losses if your bot makes a bad trade.

[Hypnosis00]

Well, it is about to say that not all trading bots work effectively. Why? Trading bots are just reliant on the trader who uses them because even though it was proven that it work efficiently but the user is not really knowledgeable in trading, we can't also think that it runs similarly to the other users. Therefore, it was also necessary to improve our trading knowledge and skills before using this. I couldn't recommend using this for newbies or to anyone unless they are confident enough that they can do it right.

[serjent05]

Trading bots are worth using in cryptocurrency trading.  Since all is done through the bot setup, it is believe that it is more fast and efficient for trading.  At the same time, since the operation is automatically, the trade is done in an emotionless manner. It can also monitor the market 24/7 and has the possibility if the feature is enabled to do multi-tasking and diversification.

Those who want to know more about trading bot can refer to this article: https://www.analyticsinsight.net/pros-and-cons-of-crypto-trading-bots-a-guide-for-beginners/

[AakZaki]

You can be more emotional if you are going to depend only with the trading bots, because that only means you don't practice yourself to control your emotion.
Trading bot works good if you are too busy and don't have much time to deal with the market, but if you are going to fully depend on this then it can be risky.
There's already a reputable platform for the trading bot, its better to use it than to gamble on a new site which for me is very risky.

Yes, using a bot with a good reputation is more advisable than using a bot that is new and doesn't have any recommendations.
I am not used to using bots because I am a full time trader using technical and fundamental analysis. But using Bots will also be very useful if I am busy and not focusing on trading. I might try some of the bots my friends recommend later, but full control remains with the user, because that's what's important.

[blockman]

Just use the bots that are common to the community. I don't use one but if ever I'll start to use one, I'll choose those that I've known and has got a lot of users as well.

Using trading bots in cryptocurrency trading can be beneficial for some traders because of automation, fast execution, availability, and the elimination of emotions.

True and this is what those traders that are new to it for them to understand. Because for them, when someone uses a bot, they think of the opposite like it will generally going to work for them and profits will just come to their accounts naturally without having any losses. That mindset should be changed but no doubt that bots are making the trader's lives easier.

[poodle63]

you just see the history of people that used such tools for trading, do they really make money using it?
there are even AI bots available for those that wanted to improve their trading career and capabilities but doesn't necessarily means that its really gonna be useful for them since the effect is still unproven.
but considering the fact that some exchange out there are giving the facilities to have trading bots then I guess utilizing it is really no problem.
more over if you could simply adjust the bots setting towards your own strategy then it will only helps you automate things and take off the burden of always there to see the prices.

[cryptolists]

Yes, crypto bots are useful trading tools. They automatically trade for you according to your trading strategy even when you are on your sleep. They are a good way to make profit buying low and selling high.
The only complaints for most bot services are their fees. But with increased numbers of popular exchanges providing free bots for its users, bot has been available for a larger group of people. And high use of bots make the market relatively stable.
The futures increases the risk a multiple times than you trading with your own coin. They do provide better yield if you are successful but they are closer to betting than trading.

Trading bots sound like a great idea, however they are not the automated solution people think they are, for a bot to work as intended you need three things, a working strategy, complete knowledge about the inner workings of such strategy and the ability to put that knowledge in a language your computer can understand.

How many people do you think have those three things? A very small minority, the rest of the traders out there should not use bots as they simply lack the minimum requirements to take advantage of them.

Agree. Most people that use our live chat related to trading bots aka robots assume it to be simple. They just want to find a robot that does all the hard work. That is not how it works. You are the one that have to do the hard work. Finding a strategy that actually generate a profit in both bull and bear markets. I personally only believe in trading bots that are built / set up by yourself. If businesses with this kind of products work so well - why don't they just use it themselves and make a killing from it? If a trading bot business need customers, it probably doesn't work so well..

[Yamifoud]

I'm not sure if OP is still active after creating this topic and I hope she is able to get the answer already or taking the risk of using trading bots.

Well, the only thing I can say is that trading bots will work effectively if the one who uses it is also a good trader otherwise, we can't expect good results from them. While using this, we are also aware that whatever happen is in the because of tha bot but it was who do the command.
And to ask if it was it wa profitable than the usual trade we did, that certainly depend on the trader because bot is just a tool.

[AakZaki]

you just see the history of people that used such tools for trading, do they really make money using it?
there are even AI bots available for those that wanted to improve their trading career and capabilities but doesn't necessarily means that its really gonna be useful for them since the effect is still unproven.
but considering the fact that some exchange out there are giving the facilities to have trading bots then I guess utilizing it is really no problem.
more over if you could simply adjust the bots setting towards your own strategy then it will only helps you automate things and take off the burden of always there to see the prices.

That will be a combination that can be useful for increasing trading profits, so that trading can be maximized. Now indeed Excgange has their respective bots for trading and yes it is quite a useful facility for those who cannot look at the market intensely. The use of bots also minimizes errors that can be caused by humans and eliminates emotions in trading.

[wxa7115]

Trading bots sound like a great idea, however they are not the automated solution people think they are, for a bot to work as intended you need three things, a working strategy, complete knowledge about the inner workings of such strategy and the ability to put that knowledge in a language your computer can understand.

How many people do you think have those three things? A very small minority, the rest of the traders out there should not use bots as they simply lack the minimum requirements to take advantage of them.

Agree. Most people that use our live chat related to trading bots aka robots assume it to be simple. They just want to find a robot that does all the hard work. That is not how it works. You are the one that have to do the hard work. Finding a strategy that actually generate a profit in both bull and bear markets. I personally only believe in trading bots that are built / set up by yourself. If businesses with this kind of products work so well - why don't they just use it themselves and make a killing from it? If a trading bot business need customers, it probably doesn't work so well..

And you are right about not believing on all of those bots that can be bought, using a bot only makes sense if a trader is profitable already and they can code, as in this way they can trade the markets every single minute of every day and not miss a single movement because they were sleeping or they got distracted.

However for some reason many people out there hold the idea that someone else is going to give up on years of research and trial and error and sell their knowledge for peanuts.

[isaac_clarke22]

Just use the bots that are common to the community. I don't use one but if ever I'll start to use one, I'll choose those that I've known and has got a lot of users as well.

Using trading bots in cryptocurrency trading can be beneficial for some traders because of automation, fast execution, availability, and the elimination of emotions.

True and this is what those traders that are new to it for them to understand. Because for them, when someone uses a bot, they think of the opposite like it will generally going to work for them and profits will just come to their accounts naturally without having any losses. That mindset should be changed but no doubt that bots are making the trader's lives easier.

Seems like that's the default choice anyway although I wouldn't spend it all if I am short on capital. I could have invested that instead for my trading even though I don't trading anymore.

If possible, you could just create one. I haven't dug deep yet on how complex building a trading bot is, but surely it can't be that far from just automating web apps with Python.
Love automations by the way, lol.

And you are right about not believing on all of those bots that can be bought, using a bot only makes sense if a trader is profitable already and they can code, as in this way they can trade the markets every single minute of every day and not miss a single movement because they were sleeping or they got distracted.

However for some reason many people out there hold the idea that someone else is going to give up on years of research and trial and error and sell their knowledge for peanuts.

Programming these days starts slowly to become a common knowledge. Most of the people I encountered even non techy almost are at least familiar with simple syntaxes since it is almost like close to math knowledge that you learn in high school.

[Sophokles]

You can be more emotional if you are going to depend only with the trading bots, because that only means you don't practice yourself to control your emotion.
Trading bot works good if you are too busy and don't have much time to deal with the market, but if you are going to fully depend on this then it can be risky.
There's already a reputable platform for the trading bot, its better to use it than to gamble on a new site which for me is very risky.

Yes, using a bot with a good reputation is more advisable than using a bot that is new and doesn't have any recommendations.
I am not used to using bots because I am a full time trader using technical and fundamental analysis. But using Bots will also be very useful if I am busy and not focusing on trading. I might try some of the bots my friends recommend later, but full control remains with the user, because that's what's important.

Using a bot for overall trading is not advisable. They don't have the ability to change their strategy in the face of sudden changes in the cryptocurrency market. The market is full of catalyst events, and positive and negative news about bitcoin is responsible for sudden and drastic changes... These bots cannot predict or re-adjust based on these changes. Use the bot only to accumulate coins from a sideways market.

[fzkto]

Any bot requires human adjustment. If you do not control the bot's trades, you will lose your deposit. A bot cannot analyse trend changes, but it can monitor volumes, buys and sells. That's why you need to change some settings regularly, and it's better to do everything yourself.

[Kelvinid]

Any bot requires human adjustment. If you do not control the bot's trades, you will lose your deposit. A bot cannot analyse trend changes, but it can monitor volumes, buys and sells. That's why you need to change some settings regularly, and it's better to do everything yourself.

And it was useless to use trading bots if we never knew about trading which is why I encourage newbies to just invest their time learning trading first rather than buying these bots. I see many people misunderstand how these trading bots work as they think that it works alone but it lies on our hands instead. Meaning, if we are not yet good at trading, we can't also expect good results for this. It was not reasonable enough to acquire this thing if we were incapable enough to do it in actual trade.

[el kaka22]

Depends on the person, if you think that you are so bad that you need a trading bot to help you, then I would understand the logic. Obviously, even if you use a trading bot that doesn't mean that you are going to end up with a good result, you could still end up with a bad one, but that doesn't mean that you are going to end up with a worse result, which is the point.

If you are a bad trader, with a trading bot you could either make at least as bad or maybe a lot less bad or maybe if you are lucky then even just good as well. This is why I believe that we are going to end up with something that you will be able to profit from. I hope that people would realize learning how to trade yourself is a better one though.

[0t3p0t]

Never tried using bots in futures trading. I am actually a newbie to futures trading and liquidation is always my friend. 😅 Though I've been trading in futures but just a trial and error with a fund of like $10 to $20 but never experienced using bots because I don't actually understand how it works. I need to do my own research first.

[jaberwock]

Never tried using bots in futures trading. I am actually a newbie to futures trading and liquidation is always my friend. 😅 Though I've been trading in futures but just a trial and error with a fund of like $10 to $20 but never experienced using bots because I don't actually understand how it works. I need to do my own research first.

Futures trading with a bot is incredibly dangerous, and that is why I think you should try to avoid it just like you have so far. I have seen plenty of them in my time and checked them out, and I can guarantee you that even though they are showing you the good ones, I can find you a thousand trades where it made a loss from other people.

Obviously the bot sellers will not show you the losses, why would they? They wouldn't be able to sell a single one if they kept showing thousand bad trades in the futures, and this is futures we are talking about as well, it will not be good at all. In the end I feel like it should be important to remember that you are going to end up with a situation that will ruin your situation on the long term.

[danherbias07]

With little movements, bots are needed because if you do this manually you will need a lot of time in front of the computer and I can say that it will stress your eye. Based on experience, I already went through that and never want it again.
Set it up where you are comfortable with because it could go wrong if you make a little mistake. I suggest doing a simulation first with cheap cryptocurrencies like Shiba Inu or Doge. That way you will see if it will be working fine before you switch to high-end and high fluctuating currencies like Bitcoin or Ethereum.
They are worth it if done right, but don't jump the gun if you have no idea about it.

[wxa7115]

And you are right about not believing on all of those bots that can be bought, using a bot only makes sense if a trader is profitable already and they can code, as in this way they can trade the markets every single minute of every day and not miss a single movement because they were sleeping or they got distracted.

However for some reason many people out there hold the idea that someone else is going to give up on years of research and trial and error and sell their knowledge for peanuts.

Programming these days starts slowly to become a common knowledge. Most of the people I encountered even non techy almost are at least familiar with simple syntaxes since it is almost like close to math knowledge that you learn in high school.

At the most basic level coding is not very complex at all as the current coding languages use structures anyone can understand after a brief explanation, however once you begin to go deeper coding becomes a specialized skill only those in the known can understand.

Also coding requires logical thinking and the ability to convert a big problem into many smaller ones, and this is an ability very few people have naturally and it has to be developed through training.

[isaac_clarke22]

And you are right about not believing on all of those bots that can be bought, using a bot only makes sense if a trader is profitable already and they can code, as in this way they can trade the markets every single minute of every day and not miss a single movement because they were sleeping or they got distracted.

However for some reason many people out there hold the idea that someone else is going to give up on years of research and trial and error and sell their knowledge for peanuts.

Programming these days starts slowly to become a common knowledge. Most of the people I encountered even non techy almost are at least familiar with simple syntaxes since it is almost like close to math knowledge that you learn in high school.

At the most basic level coding is not very complex at all as the current coding languages use structures anyone can understand after a brief explanation, however once you begin to go deeper coding becomes a specialized skill only those in the known can understand.

Also coding requires logical thinking and the ability to convert a big problem into many smaller ones, and this is an ability very few people have naturally and it has to be developed through training.

Yeah, it's like just reading an English textbook when you learn the first few syntaxes (if, else if, else, while loops), but it gets harder when you get to principles and that's where complexity goes. Principles like OOP are kinda mindfucks when you get into its structure (inheritance, interfaces etc)

And yeah, it's not just logical thinking. When you code, you're not just coding but you are also solving problems well at least that's what I see to most of software engineers/developers.

It can process a large amount of data to meet the standards you set, but you still need to check it regularly because there is always the possibility of the bot encountering errors

Bots are prone to errors still. Remember when you can do the "pretend to be my deceased grandma" in ChatGPT? Not sure if it is still working these days as I never really used ChatGPT that much in my software dev work, but they were able to generate keys for various software like the usual operating system, Windows. Bots are still like an ongoing project and would continue to be just like any other software out there in the market. Bugs aren't going away by themselves.

[moha sasa]

No

Cause they'll never match human experience & sense!!

[Blitzboy]

Depends on the person, if you think that you are so bad that you need a trading bot to help you, then I would understand the logic. Obviously, even if you use a trading bot that doesn't mean that you are going to end up with a good result, you could still end up with a bad one, but that doesn't mean that you are going to end up with a worse result, which is the point.

If you are a bad trader, with a trading bot you could either make at least as bad or maybe a lot less bad or maybe if you are lucky then even just good as well. This is why I believe that we are going to end up with something that you will be able to profit from. I hope that people would realize learning how to trade yourself is a better one though.

Although I see your point that a "bad trader" can profit from automation, the truth is that the entire cryptocurrency market is a highly volatile one. The robots? Since they rely on algorithms, its possible that some mysterious entities programmed them with prejudices or secret objectives. It is foolish to think that a bot will be enough to keep you out of the dark pit of bad deals. Absolutely! Learning to trade oneself is a must! Its a tried-and-true method. Dont let machines decide your future; get your hands dirty, be understandable of the market pulse.

[Xal0lex]

Have you heard the buzz about the upcoming Bubble Futures Bot project? They're about to launch their Future Trading bot, which will be available on both Discord and Telegram. This bot is set to revolutionize the world of crypto trading by allowing you to go long or short on a wide range of on-chain assets. But what's the secret sauce behind its success? Well, it's all about the art of betting against asset prices.
Bubble Futures Bot has something special up its sleeve – it's tapping into the power of Chain Link's price oracle on the Ethereum Chain. This means it can fetch real-time prices from both centralized and decentralized trading platforms. Imagine having that kind of data at your fingertips for your trading decisions!
Now, you might be thinking, "Is this just another one of those trendy bot projects like Unibot, Aim Bot, or Banana Bot?" Well, you're not wrong – bot projects have been making waves lately, and many traders have been raking in profits. So, should you jump on board with the Bubble Futures Bot project? It's a question on many minds.
The key to making an informed decision lies in doing your own research (DYOR). While projects like these have been known to deliver substantial profits, it's essential to analyze the specifics of Bubble Futures Bot carefully. Understand its features, risks, and benefits before diving in. After all, in the world of crypto trading, knowledge is power, and a well-informed choice can make all the difference in your journey to financial success.

Check out their website for more information.
website: https://bubblebot.finance/

Unfortunately, this bot will not revolutionize anything, simply because it is just another bot for everyone. Truly working trading bots are created exclusively by traders and take a long time to customize to their own vision of the market. Any ready-made solution can never work for a long time. If it were otherwise, a lot of traders using bots would get rich instantly, but bots do not bring the expected results on the distance.

[Altcoiner007]

Trading itself is risky, but then if you are not the one that is making the trading decision and controlling the market according to your experience you are risking more compared to the original risk that trading offers.

If you understood me very well. It is better you learn how to trade by yourself and if there is need to use a bot it is to augment your trading strategy and to make some money even when you are off the screen .

Recently, with the trend of trading bots, it has become as if the boots has totally replaced the activity of humans in trading, which is very dangerous if the trend continues. It is just like copy trading, if another is somewhere making all the decisions for you, you can blow up your account at any time and no one will be liable for your loss.

The dependence on bot is becoming a concern. Although I must admit, bots have been very useful tools to maximize Investment profit. I've explored a number of them, trading bot, investment bot etc and on different Platforms. The recent one I've been looking at is Smart portfolio bot on Bitget. Looks like an interesting use of bot to leverage Exchange rate fluctuation for profit. Will be checking this one recommended by OP out as well.

[|MINER|]

The worth of trading bot are dependent on what type of trader you are. Actually I mean for using trading bot first of all you have must know the trading analysis. Otherwise it can be cause for more losses. If you have very little knowledge about trading then trading is very risky for you and if you are completely new then I would say trading bot is not useful for you. However, experts are making their work easier by using trading bots.  So it totally depends on you whether using trading board is worth full

[jossiel]

The worth of trading bot are dependent on what type of trader you are. Actually I mean for using trading bot first of all you have must know the trading analysis. Otherwise it can be cause for more losses. If you have very little knowledge about trading then trading is very risky for you and if you are completely new then I would say trading bot is not useful for you. However, experts are making their work easier by using trading bots.  So it totally depends on you whether using trading board is worth full

There's a misconception with trading bots.

It will make our trading easier but it doesn't mean that profiting is easier as well. Like what you have said, results will still vary based on how we analyze.

Not just by having bots will give greater result but it's still us on how we proceed and make decisions while we trade. It is there to make our trades quicker and easier but profits will still depend on how you do it.

[poodle63]

The worth of trading bot are dependent on what type of trader you are. Actually I mean for using trading bot first of all you have must know the trading analysis. Otherwise it can be cause for more losses. If you have very little knowledge about trading then trading is very risky for you and if you are completely new then I would say trading bot is not useful for you. However, experts are making their work easier by using trading bots.  So it totally depends on you whether using trading board is worth full

thats true, in using trading bots, there are strategy required to maximize the potential otherwise if there's no trading strategy the bots become useless.
its actually just automatize the routine that we have in trading basically letting you spend less time while getting the same if not better results since you need to set it based on your preference beforehand.
after that, if it truly suits your need and proven to give your profit overtime then you're definitely set, your strategy will works until it won't anymore and you need to change it.
thats how it is using bot, but sometime there are bot with built in preference for those that have no idea, so there are also different types of such tools.

[agustina2]

Trading bots are truly worth using since they do the work for you based on the commands you want to execute. In that way, you don't need to monitor your trading on a regular basis and let the bot do the work. Since the bot will just follow your command, you need to carefully study what you need to put on there.

But if ever I don't like to use a trading bot that's just new to my ears and doesn't yet achieved a level of popularity.

I also don't want to use a bot that always shills by their shillers at every platform. I found those not to be trusted.

[wxa7115]

Trading bots are truly worth using since they do the work for you based on the commands you want to execute. In that way, you don't need to monitor your trading on a regular basis and let the bot do the work. Since the bot will just follow your command, you need to carefully study what you need to put on there.

A bot is supposed to act independently from the trader, if it needs your input to do anything then at best you are just talking about a code that signals you about possible opportunities on the different markets you may like to trade.

However a real bot will not only need to identify those opportunities, but it also needs the ability to act upon them in the same way you would have done so, and this requires that you can code a bot that can trade in the precise manner in which you do it, something that is quite difficult to achieve.

[justdimin]

The worth of trading bot are dependent on what type of trader you are. Actually I mean for using trading bot first of all you have must know the trading analysis. Otherwise it can be cause for more losses. If you have very little knowledge about trading then trading is very risky for you and if you are completely new then I would say trading bot is not useful for you. However, experts are making their work easier by using trading bots.  So it totally depends on you whether using trading board is worth full

If you are a great trader then you customize it in a way that it would do what you would have done and since you are a great trader you would make the bot make great trades as well, if you are a bad trader that would mean you will not handle it well and it will make even more losses because it's 7/24 and you are not.

So all in all, I would suggest that people who are newbies in the trading world should not end up making these trading bot claims that they could profit, because 99% of the time a newbie will not make a profit. The only exception would be the fact that if you start on a bull run, everything will go up, so you will think that the bot is working and you are making a profit with it.

[alexforneus]

I think that every public bot, even paid one, will loose money in long term. It's only suitable if you are sure that you will stop use after some profits

[cute nmp]

Never really used one before, But according to what many people say trading bots are quite profitable and easier cause you don't have to do any analysis on your own, They do everything for you and you claim all the profits at the end . Thinking of buying one soon, Want to try it out to now if they are actually that easy and profitable.

[Teraboy]

I think that every public bot, even paid one, will loose money in long term. It's only suitable if you are sure that you will stop use after some profits

thats true, I guess every some time the strategy used for setting the bots need to be changed around to suit current trend and need, the bots can't always profit since the nature of the market always changing, today it might be all bullish because positive sentiment but next month things will be different.
therefore using bot isn't really sure way to keep profiting there most certainly need to be calibrated.

[strunberg]

I think that every public bot, even paid one, will loose money in long term. It's only suitable if you are sure that you will stop use after some profits

thats true, I guess every some time the strategy used for setting the bots need to be changed around to suit current trend and need, the bots can't always profit since the nature of the market always changing, today it might be all bullish because positive sentiment but next month things will be different.
therefore using bot isn't really sure way to keep profiting there most certainly need to be calibrated.

I also think that way. The market is unpredictable. There are no truly sophisticated bots that can know for sure market movements. I've seen bots that can actually make a profit. The way it works is by taking profit when there is a price increase that has been regulated in the system. However, this will not always produce a profit. And I think buying bots is still ineffective for now. Or maybe it's just me who hasn't found a truly effective Bot?

[L4rs_]

Disclaimer: I haven't used any form of crypto trading bots but here's still my opinion.
I think you need a very smart bot using a really good AI model to make a profit and to beat the market/other strategies.

[Dzwaafu11]

Yes, crypto bots are useful trading tools. They automatically trade for you according to your trading strategy even when you are on your sleep. They are a good way to make profit buying low and selling high.

I don’t normally classify trading bots as good tools to trade seriously because, to me, when someone claims to be doing something, that person should definitely be confident in doing so by himself or herself, not using an AI bot. However, these trading bots you are seeing are nothing but making a trader lazy or lazy to learn more. Trading bots don't guarantee profit, and they don't always go straightforward, like when you use your brain to trade. However, if you are at sleep, I cannot advise you to setup your bot to trade. That is carelessness, mate. You leaving your money there and going to sleep is not good in my opinion, and did you know that trading bots don’t work all the time as you want? You need to include your skills, so don’t rely on trading bots.

[goaldigger]

Disclaimer: I haven't used any form of crypto trading bots but here's still my opinion.
I think you need a very smart bot using a really good AI model to make a profit and to beat the market/other strategies.

If there is something like this that the BOT can beat the market, then I’m sure every trader will use it.
Unfortunately, trading bot is for your own convenience and not for you to make profit because it will still trade based on what you input and based on your own strategy. Better to trade on your own but if you are too busy and you really want to trade using BOT, then this can be possible just don’t expect for the big profit if you are using the Bot.

[JeffBrad12]

Disclaimer: I haven't used any form of crypto trading bots but here's still my opinion.
I think you need a very smart bot using a really good AI model to make a profit and to beat the market/other strategies.

AI with trading capabilities still unproven though but I'm sure in the future there will be implementation relating to AI for trading bots which gonna be different than the bots we are having right now which we requires to set manually.
but considering the fact that these AI might even have the capability of further reading the market data it will be quite the change.
after all current bots only fixated on automating things thats simple, basically doing things based on the setted preference.

[iv4n]

Disclaimer: I haven't used any form of crypto trading bots but here's still my opinion.
I think you need a very smart bot using a really good AI model to make a profit and to beat the market/other strategies.

If there is something like this that the BOT can beat the market, then I’m sure every trader will use it.
Unfortunately, trading bot is for your own convenience and not for you to make profit because it will still trade based on what you input and based on your own strategy. Better to trade on your own but if you are too busy and you really want to trade using BOT, then this can be possible just don’t expect for the big profit if you are using the Bot.

Trading bots will work for some time, but how long depends on how we set it up and how much money we invest in it. Some strategies require a big bankroll, and some strategies require complicated settings. So we can't say it's easy to find a good trading bot and to let it work. Before trying some trading bots, it would be smart for people to try trading on their own, to get some experience. Before day trading (or any other short-term trading) people should start with mid and long-term trades, it's better when we give ourselves some time to research and make a good position. We learn from our own mistakes, day trading is hard, I lost a lot of money before I learned that.

[L4rs_]

What I don't understand is that we have so much public information on the markets and AI models should be really really good at given tasks. But why is it so hard to develop an AI that acts like a good trader? Is the market that volatile and related to something like news? Why can some people make a profit with their knowledge/strategies and AI's can't?

[Altcoiner007]

Yes, crypto bots are useful trading tools. They automatically trade for you according to your trading strategy even when you are on your sleep. They are a good way to make profit buying low and selling high.

I don’t normally classify trading bots as good tools to trade seriously because, to me, when someone claims to be doing something, that person should definitely be confident in doing so by himself or herself, not using an AI bot. However, these trading bots you are seeing are nothing but making a trader lazy or lazy to learn more. Trading bots don't guarantee profit, and they don't always go straightforward, like when you use your brain to trade. However, if you are at sleep, I cannot advise you to setup your bot to trade. That is carelessness, mate. You leaving your money there and going to sleep is not good in my opinion, and did you know that trading bots don’t work all the time as you want? You need to include your skills, so don’t rely on trading bots.

 I admire your perspective, really! However, technology and trading bots in this case was meant to make our work better and more efficient. It is important to learn trading, understand fundamentals and other skills needed, then leverage on the availability of this bots to maximize profit. For instance, there's this Smart Portfolio bot that help in rebalancing your portfolio and maximum on price fluctuations to yield profit for the Investor. Would you not utilize these kind of bot even as one who can trade by yourself?