Hey @criptonauta, thanks for all of the time you put into sharing this challenge and knowledge. I just started using Gunbot (but not new to altcoin trading) and have a simple question. While I have no doubt that your experiment and results validate using Gunbot and/or its strategies profitably over time, would you still say the Gunbot method of 300% in 90 days is better than just holding bags of several coins and reaping the natural increase in value of that same 90 days?
If you look here: https://www.worldcoinindex.com/trending/overview
You can see under the %90d column that EVERY coin's value has increased dramatically over the last 90 days, an average of probably 1500% (looking at top 20 coins by volume at a glance). If you took what you started with at the beginning of your 90 days, spread it evenly across the top six coins by volume, and put it under a mattress for 90 days, your return would have been over 1600%.
Hindsight is 20/20 of course, and the last 90 days have been extraordinary, but unless you think altcoin is going to tank soon, it seems like you'd have to pull 18% return a DAY with Gunbot to match the last 90 days of just holding coins?
Thoughts?
My thoughts are you're exactly right. GunBot has made me some cash (just experimenting with it, but over last week of around 0.1 BTC and it does seem obvious it actually does generally result in a profitable trade), but I'm not sure if it's more than I would've had if I had simply left my investments alone. I think GunBot is at it's most useful when money isn't being dumped into the market as a rising tide floats all boats.
Be careful when doing comparisons like this since the site linked gave the price increase in coin vs. USD.
Say Gunbot increases your BTC by 3x over 90days (like this thread shows). That is not 300% profit. It is 300% increase in BTC. In order to calculate profit % in USD you then need to multiply the 300% gain by the amount BTC gained against the USD over the same time.
I actually thought about that today so I actually came back to view this post to ask whether or not it was a 300% increase in coin ownership, or a total of 300% profit. Vastly different. 300% increase in coin ownership is massive.
Also, on that very page, if you take more than a glance, you can find about 20 coins in the top 300 that lost, some of them even 100% in value. Where would your under-the-bed stash be if you invested in one of them?
You can see in criptonauta's spreadsheet that initial investment was 1,425 btc and he reached 3,744 btc (withdraw now) in the end - that's something I consider most important, as this is the money he would take immediately (- withdrawal fee) to his wallet. That's not exactly 300%, but glancing at other options, especially with evil FIAT along with Wall Street this is nearly as safe as renting out an apartment, you'll earn definitely, the value of apartment (btc) will increase long-term, sometimes you might find wrong tenants that will smash the place a bit (small loses when you run a bot on a doomed coin and you are away not monitoring your investments).
I look at it as a bunch of wall street wolves handling my business while I'm doing what I like to do and getting paid for it elsewhere. It takes maintenance, especially on a shitty laptop in the living room - saving my main machine for work/play - I have to restart that thing every other day. Apart from that I was running it with some play money for a week and it made me 30% profit. So I invested a little more and pretty much, unless crypto market crashes I will have my polo licence paid in a month or so. Not bad I reckon. I do have interest in crypto markets as well as mining bitcoin mainly because I feel I stand on the progressive side of evolution, I also think that banks and governments (along with greed, scarcity and nationalism) are obsolete shadows of the past that need to be eliminated, by simply making it weaker, moving on to better society... and also moving back to GB:
If you are too fidgety with it, you're doing it wrong, just keep checking your balances to make sure you're earning. If you are too lazy with it, you'll probably loose a bit money in the end, provided you left it on default settings. If you research what it actually does, you may find that certain strategies work better for some coins, you may also start running a combination of strategies - I personally developed one and testing based on the BB/STEPGAIN idea I found on this very forum.
Finally, it's like every other aspect of life, in words of Harv Eker: "whatever you focus on expands"
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