Crypto Trading Bots: Are They Worth It? 🤖
Ver Vídeo: Crypto Trading Bots: Are They Worth It? 🤖
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– TIMESTAMPS –
0:00 Intro
1:37 What are crypto trading bots?
3:33 Pros & cons of bots
6:44 Tradesanta
10:33 Shrimpy
14:08 Gunbot
16:32 Crypto Hopper
18:05 3Commas
20:45 Final thoughts
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📈 Get Your Bot 📈
1️⃣ 3Commas: https://guy.coinbureau.com/r/3commas
2️⃣ Crypto Hopper: https://guy.coinbureau.com/r/cryptohopper
3️⃣ Gubot: https://www.gunbot.com
4️⃣ Shrimpy: https://guy.coinbureau.com/r/shrimpy
5️⃣ Tradesanta: https://guy.coinbureau.com/r/tradesanta
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📝 Overview 📝
Have you day traded crypto or thought about giving it a shot? Well, who can blame you when there are just so many insane opportunities out there.
However, the problem is that crypto markets trade 24/7 and unless you want to live off Red Bull and coffee, the chances are you will miss a ton of these opportunities in your sleep. That’s why 100’s of thousands of traders are using crypto trading bots.
🤖 What Are Trading Bots? 🤖
They are computer programs that trade on your behalf with a given set of instructions. That might be something like buy X amount of Bitcoin at a certain price. Once the price hits that target, then the crypto trading bot will execute that order.
❓Pros & Cons Of Bots❓
Pros:
► Trade 24/7 which stops you from missing opportunities.
► Takes the emotions out of trading.
► Backtest your strategy.
► Simplifies trading.
Cons:
► They are not a magic money machine.
► They need to be constantly monitored.
► There are a lot of scams.
► You need to keep funds on an exchange.
5️⃣ Tradesanta 5️⃣
This bot has a solid reputation amongst crypto traders and offers easy to use long and short bot templates.
This bot also allows you to monitor your bot’s progress with things like Telegram notifications. Oh yes, this bot also offers a mobile app to and supports exchanges like Binance, Bitfinex, and OKEx.
Tradesanta also offers a very cool five day free trial and paid-for pricing starts at just $14 per month and goes all the way up to $70.
Pros:
► Intuitive interface and reliable security measures.
► Suited to beginners.
► Active trading community.
Cons:
► Lacks support for some high liquidity exchanges like Kraken.
► This bot is not suitable for arbitrage.
4️⃣ Shrimpy 4️⃣
Is a social portfolio management tool and crypto trading platform. It’s got a ton of popularity amongst the trading community.
This tool is not designed for signals or indicators and is not a tool for day traders. Instead, it is a longer-term portfolio management tool which automates things like portfolio rebalancing, dollar-cost averaging and stop losses.
Shrimply’s social portfolio management allows you to automatically mimic the trades of the best traders on the platform.
This bot supports numerous exchanges and that includes the likes of Kucoin, Coinbase Pro and Kraken.
In terms of pricing, the free plan offers an extensive range of tools and more features can be unlocked for just $13 per month.
Pros:
► Huge range of features offered for free.
► Paid-for subscription is reasonable.
► Offers social trading.
Cons:
► It’s not open sourced.
► Does not provide functionality for day traders.
3️⃣ Gunbot 3️⃣
This bot comes with numerous inbuilt trading strategies and allows you to create custom strategies to. It also supports a ton of widely used exchanges. The pricing structure is a one off fee and starts at around $200.
Pros:
► Offers access to a load of trading strategies.
► Supports a wide range of exchanges.
► Beginner friendly.
Cons:
► Relatively expensive.
2️⃣ Crypto Hopper 2️⃣
This bot provides expert trading tools without the need to know coding. So, if you are into advanced trading stuff like market-making and exchange arbitrage, then this is a bot to look at.
The CryptoHopper marketplace also boasts a plethora of trading templates, strategies and signals to choose from. A large number of exchanges are also supported.
In terms of pricing, you are looking at between $16 and $83 per month.
Pros:
► Easy to set up.
► Good pricing.
► Amazing marketplace.
Cons:
► Anonymous team.
🏆 3Commas 🏆
Watch the video to find why I think 3Commas is the king of crypto trading bots.
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Bitcoin #crypto #trading #bots #3commas #cryptohopper
Hey Guys! Glad you liked the video. When it comes to bots, there are a lot of dodgy options out there. Simple rule of thumb: If it promises returns or requires you to send it funds – run for the hills 🏃
Don't forget to check out my deals page: https://guy.coinbureau.com/deals/
If you understand the potential impact of bitcoin it won't be hard to understand why investing in bitcoin is a good idea
I'll highly recommend you contact her privately to start trading
Thank you very helpful. Which ones do you use,,if any?
Can any of there bots be triggered when more then just on indicator is met on trading view?
No love for Profit Trailer? It even has a Raspberry Pi version so you don't need any VPN or to keep your PC on day and night!
I trade better than a bot ever could.Bots where fun for Binance trading contests,but that was their only practicle use.
Lets talk business
I would call the recomendations a starter pack. You have a learning curve no matter what. The question is where are YOU at in that learning curve? I find that software on my pc is far more flexable than any internet based bot. With that there is a learning curve. Will it get what you call complicated "Yes". This is because you half to account for everything and in what order everything gets executed. Which makes these web based bots seem a bit more appealing on the surface. You half to go thru the learning curve to be able to understand the opportunities avaliable to you. Think about it. From the time when you first herd about bit coin to the point where you are watching this video and reading my rather lengthy post. How much have you learned? How much of what you have learned to this point can have a positive influence on your life or possible positive influence on your life? For those so inclined and to quote our host on this YT channel " Do your own research" never just blindly follow what someone says, check it out. See how it works. This is you learning more getting further along that learning curve. Meaning dont invest in something you dont understand end to end. The more you learn i think you might see why i see the web based trade bots recomended in this post a starter pack. In the end it all costs money wheather its a one time purchase, a subscription, or someone just downloading software. It costs money to do this. In hardware and software. What am i suggesting to look at here? I use Trader XL combined with Macro Scheduler. I am in no way affiliated with either of these pieces of software. I am only suggesting to take a look and see how it works. Once again do your own research. In my opinion you can have a "set it and forget it" setup. But you half to set it up yourself. Do not expect other people or companies to do it all for you or even most of it. If you look at these pieces of software you may be able to see what im talking about. Using these softwares you can trade on any platform or exchange. You can move from your wallet to exchange and back. Any options or leveraged trade or just simple buy and sell trades can all be done automatically. You can either program it or use it in simple way. Either way it works if you set it up to do so. This can be a double edge sword where you half to look for and address every pitfall you encounter. But this is just one idea mabe someone else out there has an even better idea. But so far ill continue to use my software on my old core 2 duo desk top machine 🙂 You dont nessicarily half to have the latest and greatest to get this to work reliably 🙂
Some were wondering why people were selling “pictures” of PS5’s on eBay. Why would anyone buy a picture of a PS5? They’d ask. The answer is bots. Bots couldn’t tell the difference between an auction for a real PS5 or a picture. The bots would unknowingly bid up the price of the pictures. Some of the product descriptions actually said “not for humans, do not buy” and the bots bought them anyway.
Hey Guy,
Do you know anything about Napbots ? I've been using this one for 4 months, and I almost doubled my investment. But, the bot completely missed out the downfall of the market over the last few days. I'm wondering how I could have made up my strategy better for covering my loss. The last trade it launched was a Long trade on Ethereum. I lost 543% on that trade.
Thank you for your answer!
Great review . As usual excellent presentation. Thanks Guy. It is just what i needed
I'm the new guy.. I have a question is there a coin brokerage similar to vanguard , Charles Schwab Ark etc ? For people who want to get into this space but don't care to understand do to their life and work . And charge that 1% deduction fee
i would love a review about ArbiSmart. Seems too good to be True.
This list deserves to have NapBots and Stacked!
Will 2 bots crash if they are linked to the same account? 😂
Hi Guy, when using say 3commas do you have to always trade pairs.. can you just use it to turn your trades on & off with certain profits or loss. When I trade I just buy what ever coin I want I don't buy working on coin against another like pairs if that makes sense. I wanting a bot that can turn my trades on and off while I'm asleep buying if it drops & selling at a certain profit. Why does it show trading pairs. Thank you ..
I am using Coinigy and like it but am open to others. Wondering why it did not make the list. It has been around for awhile.
So great your not a "Super Excited" Merican dude
Great job thanks and keep it up!
Take a look at $TBB Trade Butler Bot. Mempool sniping. Thing is going to blow up! https://www.dextools.io/app/uniswap/pair-explorer/0x4f839e991bb8c66b7066e2d4d753f47613f4d558
I signed up for a 3Commas account over a year ago and how absoloutley no idea on how it works!. LOL
Google r2f invitation
thanks Guy, took an advice from a friend and jumped on to a bot program and ended-up getting burnt. this clip would have been helpful back in 2018.
So, bots are too expensive for me
Free robot trading here, check it !
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Is bitcoin a safe investment ??
Good Idea you’re investing in the Crypto world. Bitcoin still the No. 1 leading cryptocurrency, Ethereum, XRP (Ripple), Binance Coin (BNB) and Bitcoin Cash. Futhermore, Investing in Mining ( Bots and Nodes) will also make you get huge cash rapidly, plus getting Tokens which is based into ICO (Initial Coin Offering) You can check my description for my email If you need my services for analsis and consultation on Crypto Trading (Investment), Mining, ICO, Blockchain Technology Thanks
https://amzn.to/3rOCnfS
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axisoption ,com is the best wallet to use because they not only provide top notch security for your coins, but also give you up to 10% in interest for every crypto you hold.
I tried crypto hopper a few months back. I didn’t want to put real money in it so I started a account with fake money. Unfortunately this didn’t work, I don’t know why. I tried a lot but it still didn’t do a **. Can somebody help me with this? What is the problem?