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re: Crypto Trading Bots
Posted on 11/1/21 at 11:48 am to LordSaintly
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.
4
Posted on 11/1/21 at 11:56 am to mach316
Yeah it was the Trade Alts channel. It's good stuff.
I'm considering liquidating some crypto and stocks so that I can fund the bots. I still need to do more research first and I need to start with small amounts just like you did.
You're right about that.
I'm considering liquidating some crypto and stocks so that I can fund the bots. I still need to do more research first and I need to start with small amounts just like you did.
quote:
The only drawback will be the short term gains that will have to be paid.
You're right about that.
Posted on 11/1/21 at 12:11 pm to mach316
I want explicit details about your set up
Posted on 11/3/21 at 4:14 pm to mach316
quote:Forgive my naivety on this, but I didn't even know such things existed until I read about it here.
on average, it has produced $300/day
Couple of (probably dumb) questions: What kind of capital are you investing into the 51 bots you are running to reach those returns? How much are you paying in fees per month/transaction/whatever?
Obviously, it has to be an extremely volatile space with at least some risks, but that's basically a $100K/year cash cow at those rates.
Replicate that for a few years, and this old cowboy would just go ahead and retire.
Posted on 11/18/21 at 1:32 pm to mach316
If you don't mind me asking, how much money invested is generating $300/day?
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