Does auto trading bot make good profit ?

[Legacy]

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

 

[Axel]

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

I don`t think that it`s a good idea to use bots to automate trading.Jusy learn more,practice and trade

manually.Bots are for lazy people who want easy money and, in the end, they end up losing everything.

Good luck with trading OP

 

[Ian]

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

yes and no.

but if you are looking for a magical bot that you just click a button and it makes you rich then i have to say there in none. especially if you don't know about trading and have to experience in the matter.

but bots can help you a lot in trading and watching the market and earning profit ONLY if they are coded well and you know how to use them based on your knowledge of the market

 

[Jeremiah]

No do not try this, as no one knows that what will be the strategy of bitcoin at which time, so how a bot will do a trade for you in this situation, try to give some time to your business/trade in that you will be able to earn a good amount of bitcoins, as trading is the more attractive and beneficial business of the world

 

[Ezekiel]

Do not rely on auto trading bot, they are not that much genius which you are, you can trade more better than bots and can earn better than them

 

[Carson]

Do not rely on auto trading bot, they are not that much genius which you are, you can trade more better than bots and can earn better than them

This answer is just too simplified, bots can do better trades than humans in some cases, as they are not driven by emotions like us.
All depends on the way the bot is programmed and the way you set up the parameters.

You should definitely know how to configure your bot according to the current market before you actually use it with a lot of funds

 

[Cooper]

If you use a bot, it needs to be very flexible because the situation changes frequently.
And as has been said if the bots code is not good then you will probably loose money.

I agree, even if you plan to use a bot you should do manual trades until you understand what the bot should be doing.
That way you can protect yourself by knowing how the bot is doing.

Whatever bot you get...be prepared to dive in, understand how it works and be comfortable enough to make changes to it.

 

[Connor]

I think most of the trading bots are only profitable if you can try good trading strategy which is market manipulation and specially new altcoin owner run bots to make 24 hour volume so high and manipulate the market to get huge profit.

 

[Miles]

No do not try this, as no one knows that what will be the strategy of bitcoin at which time, so how a bot will do a trade for you in this situation, try to give some time to your business/trade in that you will be able to earn a good amount of bitcoins, as trading is the more attractive and beneficial business of the world

Indeed you should not try this because the fact is that trading will never be good with a bot, a bot can really fuck it up in my eyes

 

[Robert]

No do not try this, as no one knows that what will be the strategy of bitcoin at which time, so how a bot will do a trade for you in this situation, try to give some time to your business/trade in that you will be able to earn a good amount of bitcoins, as trading is the more attractive and beneficial business of the world

Indeed you should not try this because the fact is that trading will never be good with a bot, a bot can really fuck it up in my eyes

I like bots because they can react faster to market conditions and take advantage of short term situations.
To each his own I suppose.

However I fully agree...A bad bot, with bad instructions, with volatile markets can suck you dry in no time.
Be careful and start slow

 

[Jameson]

No do not try this, as no one knows that what will be the strategy of bitcoin at which time, so how a bot will do a trade for you in this situation, try to give some time to your business/trade in that you will be able to earn a good amount of bitcoins, as trading is the more attractive and beneficial business of the world

Indeed you should not try this because the fact is that trading will never be good with a bot, a bot can really fuck it up in my eyes

I like bots because they can react faster to market conditions and take advantage of short term situations.
To each his own I suppose.

However I fully agree...A bad bot, with bad instructions, with volatile markets can suck you dry in no time.
Be careful and start slow

You are right about the second line, bots are maybe acting fast but you can not rely n them because they can not think like yourself.
I once tried it out and it did a wrong investment that I did not like at all...

 

[Roman]

You are right about the second line, bots are maybe acting fast but you can not rely n them because they can not think like yourself.
I once tried it out and it did a wrong investment that I did not like at all...

Yes, you should not run a bot unless you know, and I mean really know, what it is going to do.
I like to manual trade a strategy for a while before automating it, then I really know

 

[Easton]

No bot is going to our perform an expert traders. Bots and these sort of tools are made to make trading easier and less tedious, not a magic button to press and get money.