/biz/ - Business & Finance

[Anonymous No.30037954]

Bros, I need your input here. So, I've got a bot that basically works like this:

>Holds BTC.
>Waits for a strong short time frame sell signal.
>Dumps 5% of it's BTC.
>If price moves up it continues dumping more and more further and further spaced apart.
>Has dumped everything after 35% (average size of BTC meme movement).
>Once price drops it takes profit according to the size of the whole position.

Basically it "locks in" small amounts of gains during pumps and preserves value during dumps and thus constantly grows its BTC stack and it also can never get rekt. I tested it quite a bit and even ran it live with some cash and it usually generates between 0.5-1.5% per day, regardless of the price movement.

What am I missing here? Where's the downside other than that I might have slightly less gains than hodling during a massive pump? It can't be that easy, right?

[Anonymous No.30038071]

You re gonna get taxed more and get fucked even more
Check em

[Anonymous No.30038302]

The downside is that you make less % than if you held and just allin swing traded. Let's say your bot dumps from 48k to 58k then the average price will be like 53k so even if you sell manually 2k from the top at 56k you beat be bot by a lot. Your bot is smart and will make you money in the long run, but it's far from optimal.

[Anonymous No.30039534]

you would see it perform over 6 months in different mark conditions and currency pairs and what the drawdowns are like

[Anonymous No.30039584]

market conditions

[Anonymous No.30039605]

>>30038071
Why would he get taxed more instead of just on his gains like everyone else?