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/biz/ - Business & Finance

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22181466 No.22181466 [Reply] [Original]

I just made a bot that buys stablecoins at 0.99 and sells at 1.00. it already got 1 trade today for +1% and backtesting says it would have gotten ten +1% trades in the past 21 days it measured. i'm pretty sure this is free money, what's the catch?

>> No.22181816

>>22181466
You could be accumulating risk in a less likely but more impactful event in which you can't sell and it could wipe out your gains.

Unless you've done research on these stable-coins and can verify they are legit, then there is no catch. You're just profiting off your research like most investors.

>> No.22182333

>>22181466
screenshot or it didnt happen

>> No.22182379

>>22182333
checked and witnessed. OP never delivers.

>> No.22182425
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22182425

>>22182333

>> No.22182513
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22182513

>meanwhile on my bot that trades regular coins
losing a fuckton of money

>> No.22182889

>>22181466
Assuming these coins are governed by random chance, there is a 1% chance you lose out.

>> No.22182928

Transaction fees u dumb tard

>> No.22183002

>>22181466
Congrats bro.
How learn to do this?

>> No.22183003
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22183003

>>22182425
Impressive. I hope it works out.

>> No.22183016

>>22182425
thank you
we will be contacting you very shortly

do not attempt to delete anything
doing so will be taken as an automatic admission of guilt

thank you

>> No.22183047

>>22182928
but transaction fees are 0.1% on binance right?

>> No.22183069

>>22182928
TX fees would reduce it but if the strategy is solid it can work.

The problem for you OP is that the strategy is never totally solid, behaviors and results change and suddenly your bot may operate in the wrong direction. I assume as it builds up its stack it re-invests and continues like that; just take out profits every now and then from the bot's stack. Also note that the larger your stack is the bigger an impact you have on the market, like quantum observation, just interacting with your data changes your data. People spend careers writing all kinds of market bots in all kinds of markets. Good luck OP, hope it works out well.

>> No.22183095

>>22183002
Javascript coding within the NodeJS framework. I'll give it out for free when I can fix it up but right now the setup is really complicated and not user friendly. You would have to follow like a gajillion instructions and I can't write it currently.

>> No.22183124

>>22183095
Cool, thank you. I will check it out bro.
Good luck.

>> No.22183126

>>22183016
guilt of what?

>> No.22183140

>>22181466
>he sold at $1
Anon, I...

>> No.22183366
File: 99 KB, 340x225, impressive.png [View same] [iqdb] [saucenao] [google]
22183366

>>22182425

>> No.22183422

Depends, how much are you selling it for?

>> No.22183500

>>22181466
Anon this is just arbitrage. No need to feel guilty. It actually helps even out the markets.

>> No.22183577

>>22183016
You're gonna have to be a lot less retarded than that if you want to scare people

>> No.22183611

push it a step further and sell your bot to people. Worst case scenario for the market is that everytime price hits $1 a bunch of liquidity appears, which is probably even good for a stable coin.

You try it on ampleforth yet?

>> No.22183768

>>22181466
How did u backtest post git?