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Message
re: Crypto Trading Bots
Posted on 11/1/21 at 11:01 am to mach316
Posted on 11/1/21 at 11:01 am to mach316
quote:
As long as the market doesn't crash to zero, I will make money. That's the beauty of these things.
I started doing research on crypto bots recently.
You're right: it's VERY hard to lose money on these things if your settings are right and if you have enough money to cover your safety orders.
In the video I watched, the guy had 40 DCA bots that were 20-25 safety orders deep (using 3Commas). It would take a market-wide catastrophe for him to lose money.
This post was edited on 11/1/21 at 11:03 am
1
Posted on 11/1/21 at 11:48 am to LordSaintly
You are probably referring to the same videos that got me interested in it. It does work. I started small, and it worked as advertised. I ended up selling some crypto to run the 51 bots I have running now. This completely takes out the guesswork of timing the market. The real beauty is that this thing trades 24/7/365.
I have mine set to where I can handle a 50% drop in each bot, and still be able to DCA all the way down. Yes there are days where volatility is low and I won't make as much that day or week, but on average, it has produced $300/day. Yesterday was a good day with a profit of over 1k. Today, I am already at $277 in profits with about 7 hours left in the day.
I don't have to watch the market near as close as I used to do. I just let em run, and they do all the work. Drops in cypto prices don't stress me near as much as it used too. Of course I still keep up with it because I am invested heavily in crypto stocks. The only drawback will be the short term gains that will have to be paid.
I have mine set to where I can handle a 50% drop in each bot, and still be able to DCA all the way down. Yes there are days where volatility is low and I won't make as much that day or week, but on average, it has produced $300/day. Yesterday was a good day with a profit of over 1k. Today, I am already at $277 in profits with about 7 hours left in the day.
I don't have to watch the market near as close as I used to do. I just let em run, and they do all the work. Drops in cypto prices don't stress me near as much as it used too. Of course I still keep up with it because I am invested heavily in crypto stocks. The only drawback will be the short term gains that will have to be paid.
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