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

Hello All. I want to get into cryptocurrency trading bots. I have been looking into Cryptohopper and it looks pretty good and relatively cheap. Though, cryptocurrency is very unpredictable and risky, and so i came to btctalk to ask a few questions from people who have tried trading bots before. Thank you in advance.

-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.

-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?

-in your experience with trading bots, what is the best strategy? please explain and then, factoring time, investment and effort, how much money could be generated off of each strategy. For 100, daily, weekly, monthly profit. For 1,000, daily, weekly, monthly profit. for 10,000, daily, weekly, monthly profit with each strategy.

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

-how much have you guys earned? did it change your life or make you a few bucks?

-if i use an efficient strategy using something like cryptohopper, and investing a thousand US dollars, how much can i expect to make in a month?

-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?

-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?

thank you for help. i apologize if my questions are that of an amateurs, ive only gotten into trading and investing in cryptocurrency. ive been using it long before to simply buy, sell or store money, but i am beginning to realize that this could be an investing opportunity.

BTC AGAIN, THANK YOU FOR YOUR TIME!!! BTC

If you learn how to set up a trading bot, it can bring you a stable income. Grin