Hodlbot.io

[Anonymous No.8842069]

Anyone tried this? I feel like this is probably the best way to make gains in crypto but wanted to get some opinions. Only idiots pick their stocks and go all in one, there's no reason it would be any different in crypto. Stock index funds have been shown historically to destroy hedge fund traders. This bot invests you in the top 20 cryptos and rebalances every month.

[Anonymous No.8842126]

>>8842069
You're just investing in the total market cap which has the same graph as bitcoin anyway.

[Anonymous No.8842225]

>>8842126
But you would be rebalancing monthly which really increases the gains. All the moons that month would get turned into coins that are down and will likely go up.

They talk about it here-
https://medium.com/hodlblog/hodlbot-cryptocurrency-investing-on-autopilot-dce2e4c9a7f7

"Over a 3 year period, Bitcoin was up by a factor of 42x. HODL 20 with no rebalancing was up a factor of 51x and the HODL 20 with monthly rebalancing was up a factor of 164x."

[Anonymous No.8842264]

Rebalancing isn’t free. It also means you’ll be holding plenty of shitcoins that go nowhere.

[Anonymous No.8842276]

>>8842264
you mean *hodling

[Anonymous No.8842287]

Backtesting is also complete bullshit and you should never ever trust it

Think about it; they obviously had plenty of time to tweak their diversified portfolio in order to make the best possible backtesting results for their little PR campaign. Rebalance manually yourself or get scammed

[Anonymous No.8842295]

>>8842276
Fuck off back to le reddit

[Anonymous No.8842314]

>>8842287
I mean it is $10 a month and I have $35k in crypto I don't think I'm getting scammed out of money here. I think the backtest was just a blanket backtest that uses the same parameters they will use going forward.

I've used other bots and they were garbage but they chose special short time periods for the back test. This one seems to just be the last 3 years.

[Anonymous No.8842377]

>>8842314
Are you this lazy that you can't rebalance it yourself instead of trusting some random basement NEET to do it for 10$ a month?
Not only are you letting someone you don't know handle your trades, you are paying him for it.
I hope he invests in bitconnect

[Anonymous No.8842581]

>>8842314
>I think the backtest was just a blanket backtest that uses the same parameters they will use going forward.
You're assuming they're honest. This is crypto. Founder is a gook with a western first name. That's a scam. Best case scenario it's an OK project, worst case they're gonna use your accounts to flash crash the market as an exit scam, buy cheap BTC, and blame hackers.

[Anonymous No.8842873]

>>8842377
The whole point of the bot for me would be reducing my tendency to day trade and fuck with shit because history has shown the minute I start doing that I lose gains. I think if most people were honest with themselves or kept good records they would see the same.

[Anonymous No.8842972]

ITT: OP SUCKING DICKS AGAIN!

[⭐Anonymous⭐ No.8843023]

>>8842069
>This bot invests you in the top 20 cryptos and rebalances every month.
>there are people retarded enough to do this

[Anonymous No.8843469]

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