How effective are bitcoin trading bots? I read a review on google where a person claimed that he turned 300$ into 50000$ in one year using bitcoin trading bot (i can't remember the name of the bot).
- > Trading bots don't do any magic.They automate the tasks of sitting online on a computer 24/7 and selling your coins with marginal profits.
- > Also depends on the coins you choose and the prices you make your bots sell at while configuring the bot.
- > You can get the same results faster if you dedicate enough time of your day playing on the exchanges.
It's a misconception.You think it is the best trading bot because you have seen or read news about people making profits through it.Have you made any profits yourself ?