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General Discussion / Re: 300% in 90 days? The Criptonauta auto challenge
« on: June 16, 2017, 08:08:25 PM »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.
