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/biz/ - Business & Finance

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29804739 No.29804739 [Reply] [Original]

How do they make money? How do they decide when to enter and leave a trade?

I can't make money trading. How do they manage risk?

I have a bitcoin. Is it smarter to just leave it alone or have a bot trade it?

>> No.29804895

>>29804739
I’m pretty sure bot trading is bullshit. Why not just put it on blockfi and earn 6%? When bitcoin goes to 1 million that will be 60k.

>> No.29805066

>>29804739
It's coded to trade based on whatever inputs and parameters you want... could be twitter tweets or technical indicators or the time of day/week. It's just code. Go use pine editor on tradingview and set it loose on a paper account. Have fun.

>> No.29805146

>>29804895
Ya, per year. I wanted something crazier. Wanted to be able to make more trading (I fucked myself heavy, ngl) before depositing for passive income.

Question... I see people shill blockfi. Why don't people use celsius network instead? Seems better

>> No.29805183

>>29804739
How the fuck can anyone learn in school when you have braps distracting you

>> No.29805234

>>29805066
So for example I could long every time 21d ema is used?

Can I make it do something like "enter a trade after price is over 'x' for 4 hrs then retests 'x'"?

>> No.29805272

1. Find trend with high probability (when x = y, there is a 70% chance to z)
2. Make code
3. Backtest with paper account

>> No.29805340

>>29805183
Study Computer Science, where it's 99.9% dudes

>> No.29805410

>>29804739
they need to ban yoga pants its just bot fair

>> No.29805427

>>29805146
Because blockfi is an actual company with series funding and billionaire backers and headquartered in the usa. Celsius is more scammy.

>> No.29805515
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29805515

>>29804739
conceptualize the tang

>> No.29805559

>>29804739
Put it on nexo. Take out usdc, gamble in $500-$1k increments. If you can’t turn a profit after $10k just give up and let your bitcoin sit. If you can profit, return usdc back onto nexo to cover your loan and repeat.

>> No.29805618

>>29805515
appreciate the aroma

>> No.29805643

>>29805234
it's code anon, you can make it do literally anything

>> No.29805673

>>29805427
how is it scammy though? Genuine question. I notice cesius network has lower fees and it's easier to withdraw funds