Quote from: CryptoBot-xx on June 01, 2020, 10:39:31 AM

-In your opinion, what is the best trading bot service/platform? I have seen many creating their own, and i can create my own if i put time into it. of course it wont be nearly as good/efficient as something like cryptohopper, but what is your best website for trading bots? factor in price, efficiency, ease of use, etc.

Tokenbot.com. Its free to use and you can auto-trade specific traders across multiple exchanges. Checkout https://t.me/Joe_Saz_Tokenbot_Trades for example.

Quote from: CryptoBot-xx on June 01, 2020, 10:39:31 AM

-Are trading bots worth it? do they actually produce good money or are they just scams? should one just manually trade every few days instead of paying monthly fees for a bot?

Trading bots are certainly not scams. They are tools to provide automation. It is mostly up to the user to decide which automations they should implement and are profitable.

Quote from: CryptoBot-xx on June 01, 2020, 10:39:31 AM

-what is the best exchange to use for trading? lowest fees, availability of coins, and speed are all factors.

Depends on your geography and what you want to trade.

Quote from: CryptoBot-xx on June 01, 2020, 10:39:31 AM

-is it possible to lose money from trading bots? i heard that you cannot lose your money, but you can gain a lot. thats very reassuring because there is no risk if i cannot lose money, just some time and a little bit of effort and i can expect to make a lot. <-- true or false?

Yes, of course you can lose money.

Quote from: CryptoBot-xx on June 01, 2020, 10:39:31 AM

-this is a strategy i had in mind which involves investing 1 whole bitcoin, and then depending on the drop and rise of the btc market, switch between btc and tether. meaning, i invest 1 btc at a time that its worth 10k. then, after 24 hours, btc is now worth 11k. the bot exchanges that btc into tether, a stable coin. after 24 more hours, btc drops to 10k again. the bot exchanges from tether to 1 btc exactly, keeping the rest of the money in tether. then btc rises and drops, and i earn more money and so on. once im ready to cashout, i simply exchange the tether to my bank account/credit card. is this strategy possible? if it is, is it worth doing considering exchange and network fees?

This is easier said than done. 10% profit in one day is not impossible trading bitcoin, especially with all the leverage available today. However, traditional investment firms do not produce 10% returns on a yearly basis, at least consistently. You would be in the top percentile of traders if you could do that consistently.