re: Crypto Trading Bots

The crash maxed me out too but my funds have rebounded.

How much do you have invested in the bots? Which coins are you deepest into with safety orders?

I let my bots do their thing. Patience has always paid off for me. Can we go lower in the short term? I’m sure it’s possible, but if you zoom out to the daily chart on Bitcoin, you have to think that the bull market is not over. I mean we just hit all time highs just five days ago. I’m confident we will turn this around. JMO

But um. That dip just now…

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This dip is likely gonna be a blip on the radar long forgotten in a week

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LOL, well after a fun first few days with bots, looks like they'll all be stagnant for a while

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So I went from making $50-80/day to $4-10/day since all my shite is maxed out since the "crash" we had last week. I've started a few bots with the available money I have set aside to still eek out a few bucks a day. At what point should I close everything out and start fresh? I was hoping it was a short dip and everything would rebound but that's not happening. I'd still end up net positive from when I started if I sold everything at market price now, but I really believe everything will bounce back eventually. What to do, what to do????

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Selling everything now and then acting like you’re right back to $50/day income is just funky accounting. You’ve got to take into account these events during your $50-$80/day stretches.

ok what am I missing here? This seems to have major upside with minimal downside. Other than needing a large bankroll to start producing 100-500 per day profits?

I watched the first 4 trading alt videos and Ill watch the rest tonight. I've read through this whole thread and plan on experimenting for a little bit.

I made my first bot last night using about 50 bucks on the MATIC/USD pair. 15 BO, 15 SO, 5 SOs total. The rest of the parameters were similar to the tradingalt guy's examples. For whatever reason, I couldn't set it to below $15 for the BO. I woke up this morning to .57. not big but still ~1.1% in a night.

Following the thread, if there are big dips the bot's get locked if you don't have enough capital to keep the SO's going. Seems like if you just wait, it comes back up. Of course the risk is they don't come back up to your average.

Do I have this right? Have I oversimplified this?

ETA: short term capital gains tax rates apply to any income derived from this method.

and choosing the right coin pair seems to be an issue unitl you have enough where you can run all coins/usd.

I guess the down side of this, if you want to call it that, is that you have to have a good bit of money set aside to make "small" daily profits. Lots of people invest in crypto for BIG gains and this doesn't expose your money to the moon shots like traditionally investing does.

same boat as most of you, i was only running 10 SO with my step scale increased so only covered about a 30% dip if I was fully funded which I was not. I was only funding about 75%. I added more funds this morning so they could fill their SOs and have been slowly climbing out of the hole.

Since I had funds, I tried the GRID bot as well since you can run 1 GRID and 1 DCA on the free plan. I picked the most volatile pair according to KuCoin which today was PBR/USDT and since 8AM, I'm up 9.57%. This things seems to be way more profitable than the DCA bot, but will ultimately require more management as well as the pair will need to be changed depending on what's volatile each day. I used the AI settings rather than my own in case anyone wants to try it.