Altcoins Talks - Cryptocurrency Forum
Further Discussions => Entrepreneurship , Business & Online Work Forum => Topic started by: cryptochris1 on January 10, 2019, 03:54:19 AM
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I'm a relatively new trader. New to crypto and any kind of investing really, bought a position in bitcoin about 6 months ago. I tried my hand at trading and won some, lost a little more than i won and my investment started to slowly get chipped away from the losses. Lost about 10% of my original position. I started using a trading bot and my position has been growing steadily ever since. It trades your funds on your behalf on the exchange and you pay a commission to them only from your winning trades. Its pretty cool, no monthly fees and you don't have to program the bot at all. you pick the algorithms that you want to use and put at least $10 in the bot's balance and it gets going. makes consistent small trades 24/7 resulting in your position growing larger and larger. the more you put in the exchange for it to trade with, the more you profit. its been about 0.5-1% a day which doesn't sound like much but it adds up. I'm happy with it, it takes the stress of trading out of it for me. If you're interested in it, message me and I'll share the link
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Hello everyone, I just wanted to post an update on how the bot is doing. It is actually working out great, its currently averaging 1% per day. There were some down days, seems like when the market drops it also dropped, but overall it has been profitable. I did deposit more funds onto the exchange account twice in the last 2 weeks. At first I was a little nervous putting money on the exchange and hooking up the bot with the exchange account. I feel sometimes you have to take risks, and I'm glad I did. Now I feel fine about adding more funds for it to trade with. It cannot withdraw any funds, so it really does the job of trading for me. The trades are small micro trades. Some of them are profiting $0.08, some are larger at $0.59 but all are under $1. Thousands of micro trades that add up to winning and growing the trading account.
It's really exciting, in the mean time I'm paper trading. Paper trading is analyzing the market and writing down entries that I would get into but then just checking the market later to see how my trades would have gone and not actually buying any positions. Pretend trading for the moment until my success rate improves. So far I would have lost more than I won, it is difficult predicting winning trades, but I have been getting better at identifying trends and seeing how the market moves so that in the future when I actually have real money on the line, I'll be profitable instead of losing.
It's definitely not a get rich quick scheme using the bot, the profits are slow in coming but its consistently growing, so I will continue using it.
More updates soon, have a great week!
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I hope this is not a bot that works with pump and dump stuff. I know a lot of bots that trades when they notice a huge market movement.
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I'm not sure about this type of bots, in somehow it can be helpful/useful but in this type of market behavior its really hard for any
indicators to being executed and have a good results base from OP's statement the bot can bring 1% per trade but still depending
with the condition inside the trading site.
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Tell us more about this bot. did you design it yourself or did you buy it? The network has a lot of warnings about trading bots and therefore I am skeptical about them.
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are you the developer of this "bot"? can you share more details. it'll be helpful.
yep. i am skeptical too just like my cat
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i have decided not to try anything ting like bot. gone are the days of ponzi. you pay 10 usd to win 5 usd. bots are trending. i don;t think i will fall for a bot that will work for a while and the stop after the owner might want to have a change of mind and also wants to increase price.
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Do you have a video on how your bot works? And it would be better if there would be live trading methods of your bot. Like in seconds there should be profit like 0.5 USD then close the position.
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I hope this is not a bot that works with pump and dump stuff. I know a lot of bots that trades when they notice a huge market movement.
And they are not only pump and dump bot exchanges, but many of these exchanges bots are ponsi crypto bots scheme. Let be wise concerning investing on crypto bot exchanges, they are everywhere now.
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I don't believe this. As soon as I read "0.5-1% a day which doesn't sound like much but it adds up"
Are you having a laugh?? You think 0.5% is not alot? What planet are you from?
1%/day for half a year is 6x your money back compounding interest. A year is 36x your money.
0.5%/day is 2.5x for half a year and 6x for a year.
Why do you come to this forum and write lies here? IF this was true then in 2 years if you invest a mere 0.01btc you will have at least 0.36btc
You don't know anything about trading or investing if you think 0.5% a day doesn't sound like much. Actual investments will earn you between 8-25% a year not 3600% or 600%
I would never trust my funds to some bot. It only needs to screw up once and you have nothing in your account. You wake up one morning to look at your profits only to find the bot messed up and you balance is near 0.
Please learn about arithmetic before postings such nonesense.
People stay away from this bot, you are most likely to lose all your funds. You have been warned.
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why not post the link here if its legit.
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why not post the link here if its legit.
Exactly! People are always claiming they making money but there is no real evidence or examples of decision making. If this is true, why would someone share it? Logically you would keep it to yourself. I dont understand how people can be using trade bots. Maybe through signals and to catch trades while you asleep or otherwise busy. I dont think a trade bot is to make x % returns / y time. Its just to make sure you dont miss trades.