Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: RidwanMalik on February 05, 2024, 04:07:06 AM
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Crypto trading can be a rewarding but challenging activity. Since the market is very volatile and it requires us a lot of research, analysis, and execution skills to succeed. So I know it can be very time-consuming and stressful.
That’s why many crypto traders rely on copy trading bots, which are software programs that can automate trading strategies and execute trades on behalf of users. Copy trading bots can help traders save time, reduce stress, and optimize profits. Of course It ain't just a click and profit, you gotta educate yourself how you can profit with a particular bot... since I have been using Bitget for copy trading bot, I always look out strategies and top bots that are positive in every way. Anyway I think this is also a smart way to trade crypto, because you don’t need to do a lot of research and all that stuff to succeed. You just need to choose the right traders that suit your preferences and goals, and the bot will do the rest for you.
Anyway it's up to you guys, like what do you think of copy trading bots? Are you willing to try them?
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Bitget accounts have joined the forum ;) ;)
Bitget achieved good profits last year, and the tokens that were listed achieved good profits on average, but I see that when these services increase their user base, they may resort to mandatory KYC verification, which may occur at any stage during this year or the next.
Copy trading is not as profitable as many think.
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Bitget accounts have joined the forum ;) ;)
Bitget achieved good profits last year, and the tokens that were listed achieved good profits on average, but I see that when these services increase their user base, they may resort to mandatory KYC verification, which may occur at any stage during this year or the next.
Copy trading is not as profitable as many think.
I've always been skeptical about trading stoppage bots. many acquaintances provided me with compelling arguments not in favor of the bot. If on this forum authority figures begin to leave their reviews about the use of such bots, then I will reconsider the swap attitude. Although purely theoretically the idea is very good. I used a bot to trade binary options. This is certainly not the same thing, but the result was below average.
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I have used copy trading bots on quite a few exchanges and I find it to be a smart and time-efficient way to navigate the volatile crypto market, allowing me to focus on selecting suitable strategies and top-performing bots tailored to my preferences and goals.
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I have used copy trading bots on quite a few exchanges and I find it to be a smart and time-efficient way to navigate the volatile crypto market, allowing me to focus on selecting suitable strategies and top-performing bots tailored to my preferences and goals.
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[/quote]Crypto trading can be a rewarding but challenging activity. Since the market is very volatile and it requires us a lot of research, analysis, and execution skills to succeed. So I know it can be very time-consuming and stressful.
That’s why many crypto traders rely on copy trading bots, which are software programs that can automate trading strategies and execute trades on behalf of users. Copy trading bots can help traders save time, reduce stress, and optimize profits. Of course It ain't just a click and profit, you gotta educate yourself how you can profit with a particular bot... since I have been using Bitget for copy trading bot, I always look out strategies and top bots that are positive in every way. Anyway I think this is also a smart way to trade crypto, because you don’t need to do a lot of research and all that stuff to succeed. You just need to choose the right traders that suit your preferences and goals, and the bot will do the rest for you.
Anyway it's up to you guys, like what do you think of copy trading bots? Are you willing to try them?
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Anyway it's up to you guys, like what do you think of copy trading bots? Are you willing to try them?
If you can't do it on your own, you shouldn't do it in the first place. Using something provided by 3rd party is a no-no in the crypto world. You should do everything best to your knowledge. When you try to use something provided by someone else, you become dependent on them. Which in the long run will create many issues.
Also, always remember that in trading, profit and loss are a thing. You will get to taste both of them and it is hard to avoid. You have to once in a lifetime no matter what. Those so-called "pro" traders do make losses too. Don't become dependent on them by copying their works or strategies. Do it on your own. It will help you so much in the long run.
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in trading we choose our own way to start trading but we must also know from other people's knowledge in their own way, maybe their way of trading is better than the way we do it. by using a trading bot maybe this can help someone to increase their knowledge in trading and also have a good strategy, there's no harm in trying a copy trading bot by trying it we know our quality in trading.
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You do know that it is a challenge, in which you will really need a lot of knowledge and strategy to make sure that you have all the strategies for different types of markets. One of the best ways is to have a tool and know that it's going to help you maintain your consistency in the trades and also execute trades on your behalf. You should have full control and have the right trading community to build a good bot. Gunbot is one of them.
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I never really liked them, it didn't make sense to me when I first heard about it and the more I read about the less sense it makes for me as well. I get that it may feel like a situation where it could cause a lot of trouble if you are not careful. Sure, it is going to be something that may not be all that crazy to handle but at the same time we are not going to really see it change for the long term neither. Just realize that you are going to end up with any good income if you risk it too much. This doesn't mean nobody makes money from this, of course there are people who do make money from it, but its rare.
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Anyway it's up to you guys, like what do you think of copy trading bots? Are you willing to try them?
I have answered many topics about copy-trade, AI-trading-bot, and I repeat one more time here: I do not trust and I do not use copy-trading-bot. I don't give my account to someone else or a bot.
Trading is a journey for traders to learn and test many different trading strategies to choose the method that best suits them, related to risk appetite, capital and time. I know many very good traders and they provide copy-trade services to the community, but they are not responsible for any losses of users of that service.
If you are profitable using copy-trade: congratulations. But to me: no, thanks 😊
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I never really liked them, it didn't make sense to me when I first heard about it and the more I read about the less sense it makes for me as well. I get that it may feel like a situation where it could cause a lot of trouble if you are not careful. Sure, it is going to be something that may not be all that crazy to handle but at the same time we are not going to really see it change for the long term neither. Just realize that you are going to end up with any good income if you risk it too much. This doesn't mean nobody makes money from this, of course there are people who do make money from it, but its rare.
It's not entirely true that trading using bots will give you profits because sometimes trading bots will only give you losses. It's better to trade normally than with the analysis you do because you will definitely be more careful, but if you know a bot that can give you directions for making good trades, that is certainly true, and certainly the main goal is to make a profit.
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It's not entirely true that trading using bots will give you profits because sometimes trading bots will only give you losses. It's better to trade normally than with the analysis you do because you will definitely be more careful, but if you know a bot that can give you directions for making good trades, that is certainly true, and certainly the main goal is to make a profit.
At the end of the day, it depends on the settings and your familiarity with the tools you use to make trades. If you rely on a copy trading bot that has a high latency on an exchange that sends API data quite slowly, then I assume there would be a higher chance that your trading is off and will result in a loss. Bots are not magic tools, nor are they cursed software imo. I guess the key problem is the unfamiliarity and lack of interest in learning how to use them properly, which is why instant/easy-to-use bots are popular, while at the same time, there's no way to influence other factors such as API request speed, etc. CMIIW.
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Hello Bitget user. I always thought that whenever there's somebody on Bitcointalk that's talking about Bitget, he's kind of advertising the website. Don't get me wrong because there's nothing wrong with that. It's just that, I'm used to see newbies promoting that website on the other forum.
Anyway, I'm not trading anymore, but before I stopped, I experienced losing all of my capital 3x. Just December of last year, I'm a bit curious on how copy-trading works, and I tried it for at least a week I guess. To cut the story short, I ended up having a profit of $7 (fees excluded). $7 for a week is kind of low compare to the risk that you are facing when copying other people's trades, but I didn't do anything, so I will not complain on it.
Overall, I don't want the idea of copy-trading because it's like you are letting other people trade for you. They don't care if you lose money, and it would always, always be better if you will just trade on your own.
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Some exchanges are now offering bot trading, bot trading means you have to keep some amount of money in your account and once you keep the money in the account, the trading bot will buy and sell coins at will. Since the bot will automatically buy and sell tokens, sometimes there may be a profit and sometimes a loss. There are many YouTubers who say about bot trading that there is no loss in this trading, I think they only give such titles to get views, there is both profit and loss in bot trading. I did bot trading just to watch and I waited three days by bot trading but in these three days the bot bought and sold coins at will but could not give me profit, at the end of three days my loss was about one dollar. I didn't like this trading feature at all, maybe it's different for you.
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I have done a lot of research on Copy Trading and the best thing I have found is that choosing the right trader has save you from a lot of losses. I am very expert in how to do copy trading but futures trading which is very high risk trading the biggest risk in it is risk of liquidation of money if we do support trading then must take start from spot trading, we take a coin as it is and then we can wait whether it will go up or not.while on the other hand in copy trading you have to reach this level, you may liquidate, which is the biggest risk of losing all your money, so I recommend this spot trading first.if whenever I need copy trader I will choose a copy trader who doesn't waste my deposit and gives me a good percentage and I will search his portfolio, as well as all his previous trades, to see if I can get the next one. I can't lose and I can gain but it's just a matter of luck if the market retires as it is then during this system I should avoid this trading which is not good at all.
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It sounds very tempting and attractive. After all, you can earn money without having trading skills. Of course, copy trading, like regular trading, involves risks. However, given that you know the trading history of the trader you want to copy, you are taking what can be called a “conscious risk.”
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Those who desire to trade but do not have the time should consider copy trading. You may know how to evaluate the market, but due to your busy schedule, trading is difficult, thus copy trading is the key. Even people who are not profitable traders can benefit from the exchange's copy trading features if they know how to pick the best master trader and have a specific requirement for doing so.
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TBH, this topic has been one of the most recurrently discussed topics on the Bitcointalk forum a few years back and I won't hesitate to still stick to my views as always. I cant risk my funds for the sake of profits, no matter how skilled the trader is. Copy trading is one of the most discouraging futures for new traders to try out their skills in the market.
Success comes after failure and I believe in the self-trading strategy, Copy trading may help you to gain instant profits in a short time but it's not the solution and I've seen many incidents where people lost their assets and took an exit from the market. Why I think you are also aware of the risks involved for the trades that are being executed by the person whom you are following.
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It sounds very tempting and attractive. After all, you can earn money without having trading skills. Of course, copy trading, like regular trading, involves risks. However, given that you know the trading history of the trader you want to copy, you are taking what can be called a “conscious risk.”
- Others are just hyped because other influencers are promoting copy-trading bots. Because they trusted in influencers, they will try to use copy trading on an exchange that has it, even though no research has been done that should have been done that way.
That's why the natural way of doing trading activity is still better. It is difficult to entrust the capital we have to enter an exchange in a copy trade, and most of the copy trading does not maintain the profit in that way, as happened in the copy trading in Bybit.
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That's why the natural way of doing trading activity is still better. It is difficult to entrust the capital we have to enter an exchange in a copy trade, and most of the copy trading does not maintain the profit in that way, as happened in the copy trading in Bybit.
I agree with you, natural way of doing trading activity is still better. I also don't believe trading bots will make us always gain profit. Trading needs experience and good analyze. We have to manage our emotions and have good skill.
I'm not a professional trader, but I have done trader more 7 years.
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Copy trading is pretty risky you shouldn't trust the copy bot or someone and copy their trading strategy you better learn to trade with yourself and study the market and learn to do FA and TA once you learn them you can use and improve the strategies you learn that you can use in bots and apply the strategies you learn from FA and TA that way is better than giving your investment to not 100% sure that you can actually make a good profit.
Yes it saves you time to speculate but you are not 100% sure that the one you copy will make you profit compared to analyzing the market with yourself.
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Anyway it's up to you guys, like what do you think of copy trading bots? Are you willing to try them?
So basically copy trading bots are same as copy trading because many exchanges allow us to do copy trading and we just have to follow them and set some ROI with capital and risk and the rest will be managed by the bots. I haven't really tried copy trading yet, but I follow one dude who is from my country and a Youtuber as well, his name is P4Provider I used to see him and also follow his signals. But with time I realize he is not a good influencer. Well, the point is, that he is also followed by many traders who used his profile to copy on Binance.
And guess what, people lost their assets and he said, I already gave the disclaimer to people to join my on there risk and now you can't blame me for the lose. I then realize following other's strategy is not a good thing because that why you won't be learning anything and even to decide which trader to choose you need expertise in the field otherwise you will also end up as the follower of P4providers.
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I've used it, but unfortunately it's the FREE one, not the PAID one. So, you definitely know the results. Indeed, sometimes this is quite helpful for us when we are not able to trade on the spot. And it can help us in analyzing what needs to be done. However, in fact it is not that effective and efficient. If we can't combine it with good tactics, it will be useless if we just rely on AI trading bots to do it.
if it is VIP or paid trading bots with very excellent quality, it could be helpful. especially for apra day traders. However, you still need to have more ability in trading to optimize it. And again, there is no 100% guarantee that it will always provide the profits we expect.
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I don't recommend newbies who just started trading for the first time to use a trading bot or copy trading because it doesn't also guarantee a successful and profitable trade at all times. Even while copying a trade, you will still get a warning message that urges you to agree with the policy of getting liquidated as well.
Any experienced trader who wishes to use trading AI and finds it to be very profitable should not have a problem using it, but for newbies who don't have experience yet with trading, it's not wise enough to just start using the copy trade.
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It sounds very tempting and attractive. After all, you can earn money without having trading skills. Of course, copy trading, like regular trading, involves risks. However, given that you know the trading history of the trader you want to copy, you are taking what can be called a “conscious risk.”
Risks that are deliberate and with no trading knowledge at all, somehow people always take risks that he is not good at.
They think copy trading is very easy to do, even some people can't set up copy trading, and it doesn't run optimally, let alone choosing a good trader for copy trading is also not easy.
I don't know why people always want to get instant profits without the hassle of manual trading,
even though the risk is also greater and there will be no development from yourself.
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I don't know why people always want to get instant profits without the hassle of manual trading,
even though the risk is also greater and there will be no development from yourself.
We should learn about manual trading, it will need along time to do. But we can gain experience and skill.
Several people say trading bots can boost the trading profit, But I didn't learn about this bots.
Unfortunately I still believe in manual and own analysis.
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We should learn about manual trading, it will need along time to do. But we can gain experience and skill.
Several people say trading bots can boost the trading profit, But I didn't learn about this bots.
Unfortunately I still believe in manual and own analysis.
Manual trading must be trade-based so that when someone wants to develop their trading knowledge,
it will not be confusing because they already have a good trading basic.
When someone wants to use a trading bot, it still requires the ability or understanding of trading in general,
because there are several settings and strategies that need to be done.
Not just setting bots and abandoned,
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We should learn about manual trading, it will need along time to do. But we can gain experience and skill.
Several people say trading bots can boost the trading profit, But I didn't learn about this bots.
Unfortunately I still believe in manual and own analysis.
In my opinion, manual trading will be safer than using automatic trading or bots. With manual trading or traditional trading methods, when you want to buy or sell, it depends on the analysis you do, so when you want to trade with this method, you should already know the right way to enter. and buy coins, and know the right time to sell and withdraw profits.
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Copy trading is pretty risky you shouldn't trust the copy bot or someone and copy their trading strategy you better learn to trade with yourself and study the market and learn to do FA and TA once you learn them you can use and improve the strategies you learn that you can use in bots and apply the strategies you learn from FA and TA that way is better than giving your investment to not 100% sure that you can actually make a good profit.
Yes it saves you time to speculate but you are not 100% sure that the one you copy will make you profit compared to analyzing the market with yourself.
I think everything has two sides: benefits and risks.
The benefit of copy-trading is simplicity, it's easy to find an experienced trader and benefit from their success.
The risk is that investors become dependent on copy-trade and cannot manage their own investments effectively.
I have seen both profits and losses from people using copy-trade. I think participating in copy-trade is just an option, we should not put all our capital into copy-trader. In my opinion: maximum 10% of capital for copy-trade!
I don't use copy-trade, I DCA Btc and hold!
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Actually, copy trading provides several benefits to us, especially if we still don't really understand how to analyze the market well. With this copy trading, at least we can implement these indicators to achieve certain profits.
But once again, not all copy trading is correct and also always provides profits. No.
Because after all, personal analysis is needed to make the trade truly according to the results we expect. And this might not be that easy. However, sometimes copy trading will not always be successful in the application. So, make sure we first understand how to implement it or how to analyze the market well for trading.
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It sounds very tempting and attractive. After all, you can earn money without having trading skills. Of course, copy trading, like regular trading, involves risks. However, given that you know the trading history of the trader you want to copy, you are taking what can be called a “conscious risk.”
I think trading should never be directly dependent on technology. Technology will not only bring profit to a trader but also bring him loss as well as profit. If a trader would have only profited by using this technology, no one would have tried hard to become a successful trader instead he would have always tried to trade using bots. Since this technology can bring you profit, you can be sure that this technology will also bring you loss. Most of the new traders usually notice that they want to rely directly on technology and make money without putting any pressure on their brain. But instead of building technology, if they work hard for some time and try to know enough about trading, then they will be able to do business by understanding the market.
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If a trader would have only profited by using this technology, no one would have tried hard to become a successful trader instead he would have always tried to trade using bots. Since this technology can bring you profit, you can be sure that this technology will also bring you loss.
I mean some would argue that some pro traders do use bots, especially if they are arbitraging or something similar. I don't think relying on bots in one way or another is impossible, assuming you don't limit your bots' definition to a tool to execute buy or sell orders. Not to mention new platforms or bots are being launched every once in a while, so the market definitely exists. What most people don't understand is that a bot even if it copies trades from pro traders won't always guarantee you profit due to one reason or another. I remember listing the reasons in this thread unless I remember it wrong. The point is a tool is just a tool in the end, it doesn't always mean bad or terrible just because the tool doesn't help you get profits or improve your skills directly. CMIIW.
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Actually, copy trading provides several benefits to us, especially if we still don't really understand how to analyze the market well. With this copy trading, at least we can implement these indicators to achieve certain profits.
But once again, not all copy trading is correct and also always provides profits. No.
Because after all, personal analysis is needed to make the trade truly according to the results we expect. And this might not be that easy. However, sometimes copy trading will not always be successful in the application. So, make sure we first understand how to implement it or how to analyze the market well for trading.
Well, I only use copy trading as a consideration because of course I have my own analysis of cryptocurrency price movements on exchanges, there are many ways to find out cryptocurrency price movements so you have to consider several indicators to determine your choice, don't trust too much in one analysis.
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Well, I only use copy trading as a consideration because of course I have my own analysis of cryptocurrency price movements on exchanges, there are many ways to find out cryptocurrency price movements so you have to consider several indicators to determine your choice, don't trust too much in one analysis.
Yes, many analyses can be done and certainly provide different results.
No analysis will be 100% accurate.
Doing a comparison is a pretty good way to see more clearly how the market is trending, going up.
Copy Trading may be just an automated helper tool to ease one's work, but full control remains with the trader.
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Well, I only use copy trading as a consideration because of course I have my own analysis of cryptocurrency price movements on exchanges, there are many ways to find out cryptocurrency price movements so you have to consider several indicators to determine your choice, don't trust too much in one analysis.
Yes, many analyses can be done and certainly provide different results.
No analysis will be 100% accurate.
Doing a comparison is a pretty good way to see more clearly how the market is trending, going up.
Copy Trading may be just an automated helper tool to ease one's work, but full control remains with the trader.
You're right copy trading is just an automated helper tool but we should have good analysis and good execution to set the target. Several friends prefer to use manual analysis in carrying out their trading. I'm not really an expert in the world of trading, because I'm just a holder.
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CopyTrading is just for lazy people who are too careless to entrust their trading to third parties. Indeed, it can provide profits, but it can also bring disaster when the bot doesn't work properly or the decisions it makes are wrong. And of course, when they are in a losing position, the bot user will blame the bot maker for their trading losses.
I personally don't want to be in that position, it's better for me to trust myself to trade using my own analysis and strategy. It's true that it's more complicated, but if I regularly practice and learn, there's a good chance I can make a profit in the crypto market with my own experience.
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You're right copy trading is just an automated helper tool but we should have good analysis and good execution to set the target. Several friends prefer to use manual analysis in carrying out their trading. I'm not really an expert in the world of trading, because I'm just a holder.
Yeah trading requires strong analysis and of course it cannot be left behind by other work, meaning that trading must focus on seeing the price movements that will occur in the future, if you cannot focus on knowing the movements then it will be difficult to make a profit as stated above. As you have mentioned, trading by being a holder is better and safer.
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Yeah trading requires strong analysis and of course it cannot be left behind by other work, meaning that trading must focus on seeing the price movements that will occur in the future, if you cannot focus on knowing the movements then it will be difficult to make a profit as stated above. As you have mentioned, trading by being a holder is better and safer.
Analysis is very important to know cryptocurrency price movements and is an important provision when trading, but it is all meaningless when you cannot control your patience. Trading requires quite a lot of patience because basically coin prices are not easy to predict, which means that sometimes analysis What you do is not always accurate, so you have to be patient and wait so you don't suffer losses from the decisions you have made.
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You're right copy trading is just an automated helper tool but we should have good analysis and good execution to set the target. Several friends prefer to use manual analysis in carrying out their trading. I'm not really an expert in the world of trading, because I'm just a holder.
Yeah trading requires strong analysis and of course it cannot be left behind by other work, meaning that trading must focus on seeing the price movements that will occur in the future, if you cannot focus on knowing the movements then it will be difficult to make a profit as stated above. As you have mentioned, trading by being a holder is better and safer.
Actually, I also want to focus on daily trading, but the busyness of the real world doesn't support that. I have limited free time, I can't connect to the market regularly, this is what makes me prefer to be a holder
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Actually, I also want to focus on daily trading, but the busyness of the real world doesn't support that. I have limited free time, I can't connect to the market regularly, this is what makes me prefer to be a holder
I have often tried to do daily trading but when I evaluate the profits I get it seems like there are more long term trades, with that evaluation I decided to take a long term trading method, daily trading is full of risk and might be very suitable if used for future trading because Indeed, price movements must be monitored carefully.
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Actually, I also want to focus on daily trading, but the busyness of the real world doesn't support that. I have limited free time, I can't connect to the market regularly, this is what makes me prefer to be a holder
Long-term investment does provide many benefits, but what if the exchange conditions are busy and the price movements are very fast but you can't take advantage of it well then you could say you missed the opportunity. So daily trading is not always unprofitable because we all don't know how it moves. cryptocurrency prices in the coming days.
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CopyTrading is just for lazy people who are too careless to entrust their trading to third parties. Indeed, it can provide profits, but it can also bring disaster when the bot doesn't work properly or the decisions it makes are wrong.
No, copy trading is not for lazy or careless people; it's just a means by which other professional traders share their own trade with their fellow traders. Normally, it is not supposed to cause any harm to people, but for newbies who handle it like it's normal for them to always depend on copying others's trades and never learn to develop their own strategy, it becomes a problem for them because they cannot even identify errors in any trade they have copied, and they will also experience losses like you said. It is important to learn how to trade even before a person starts to depend on copy trading.
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Crypto trading can be a rewarding but challenging activity. Since the market is very volatile and it requires us a lot of research, analysis, and execution skills to succeed. So I know it can be very time-consuming and stressful.
That’s why many crypto traders rely on copy trading bots, which are software programs that can automate trading strategies and execute trades on behalf of users. Copy trading bots can help traders save time, reduce stress, and optimize profits. Of course It ain't just a click and profit, you gotta educate yourself how you can profit with a particular bot... since I have been using Bitget for copy trading bot, I always look out strategies and top bots that are positive in every way. Anyway I think this is also a smart way to trade crypto, because you don’t need to do a lot of research and all that stuff to succeed. You just need to choose the right traders that suit your preferences and goals, and the bot will do the rest for you.
Anyway it's up to you guys, like what do you think of copy trading bots? Are you willing to try them?
Trading bots are usually powerful tools when it comes to boosting crypto profits. Well this bot function can copy the trades of successful traders, allowing you to make profits. Form their experience and skills with you doing any research or market analysis. Additional copying trading bots can set to trade 24/7 z you don't have to miss on any opportunity. Just be sure to choose a reliable and monitor your trades.
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Trading bots are usually powerful tools when it comes to boosting crypto profits. Well this bot function can copy the trades of successful traders, allowing you to make profits. Form their experience and skills with you doing any research or market analysis. Additional copying trading bots can set to trade 24/7 z you don't have to miss on any opportunity. Just be sure to choose a reliable and monitor your trades.
Until now I don't use trading bots anymore because the experience I have using bots doesn't always provide many benefits, bots also have a very high risk of your assets being monitored by other people because the system is made with a script that can be infiltrated by No developer knows that this could happen, so it will endanger all the assets you own.