Re: altcoin trading bots are profitable?

hello,

is it worth to invest in automatic trading bot for trading altcoins at exchange sites?

thanks

Using bot actually, is not guaranteed that it can give a enough earnings of bitcoin, And as far as I know, it is just give an idea or options in way of earnings in trading. Or in some other reason, there are traders using it for they want profit in trading on 24 hours and they can do that by using bot, I think.

Bot is an application so that you can trade even if you are not infront of your pc or gadget. The profitability depend on the setup of the bot, so it means it depends on how you understand the market you are trading. If you are well verse about it, the using Bot is profitable since you can set it to function according to what you think would happen to the market.

Yes, bot is profitable to the extend that you dont have to be online 24/7 to do the trading but you cannot depend on it totally. You need to check in on regular basis to see if all is going well. Also Bot cant handle sudden pump or dump of coins, so it is risky also.

Quote from: salmanahmedone on May 20, 2017, 04:32:54 PM

No matter how helpful bots are, they cannot be compare to a human mind. My advice is to trade yourself rather than accepting bot to do something better than yourself.

Yes, manual trading is certainly the best one. But human mind may give room for emotions whereas trading bots will do only as per schedule. This may be another reason, we can choose and depend on trading bots.