How to benefit from Bitcoin ups and downs

Jan 27, 2021 3 Comments

As someone who holds crypto as a long term investment, I'm greedy (or bored) enough to try and make profit from the roller coster movements in Bitcoin and ETH and price fluctiuations. I tried to sell and buy when the price drops but I always get burned by unexpected pumps. I tried Algorithmic trading, it works until the market suddenly gets momentum or looses one then things go sideways.
Anyone has a successful experience buying and selling crypto in the right moments to make profit?
#bitcoin #crypto

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TOP 3 Comments
  • you can't .. most people who try actually lose money.

    just buy and hold .. if bored you can buy xtz and watch yourself get %5 APR .. Eth will give similar return soon .. i think eth is the way to go.
    Jan 27, 2021 1
  • Google
    $hitcoin

    Go to company page Google

    $hitcoin
    I tried doing that manually and realized that I am a terrible trader. Then I coded up a crypto bot that tries to make small amounts of money. It's performance has been pretty decent so far (up 20% in 2 months). Buy and hold would've made more (obviously in this market) but the goal is to minimize drawdown.

    Freqtrade on GitHub a great starting point.
    Jan 27, 2021 0