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HOT TOPIC Crypto - Bots - my Journey - (10% per month min.)

CryptoCurt

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Oct 2, 2019
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Told my wife "hey, remember that money I mentioned that we can afford to lose? Well, we just lost some of it. Coffee?" And I poured two cups of coffee.
Hey she agreed "in good and bad times", right?
If she did not kick your butt, you know you have a great wife.
 

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Tourmaline

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Hi @Tourmaline, basically the strategy is working on indicators for "overbought/oversold". If the algorithm finds a coin (out of the ones you selected prior), it buys if the coin dropped sharply b/c it is highly probable that it rises again shortly afterwards.
The users job is to find and monitor the coin portfolio so you only trade with coins that have an overall positive trend. every 2 weeks i do a review of the charts of my 50 coins and do a cleanup. Kick out dropping ones and taking in new candidates.
Let me know if you want to know more, PM me if you like.

Sounds very simple, which is music to my ears.
 

CryptoCurt

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Updated Results:
Nov 2020: 22 %
Dec 2020: 15%
Jan 2021: 21%
Feb 2021: 8%

With the 22nd February, we saw a big dip of roughly -30% throughout the whole cryptomarket.
Here Bitcoin as leading currency :
1614601480150.png
These Dips are normal and must be taken into account. I am still getting used to this rollercoaster-ride, its not a good feeling if you see how your portfolio drops so dramatically. The overall trend will pick up again mid/end this week, according to experts in the field that have more experience.
Sources: cryptosrus, digitalassets, can be found on Youtube.
 
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Leo Hendrix

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Crypto Currencies are high volatile, high risk investments.
You should only work with money that you can spare.
Do not work with lended money.
This is not a get-rich-quick-model - Its based on compound interest.
Start slow with small amounts, get experience, then take it from there. Be patient.
Main goal:
a (relatively) stable income which grows steadily.

I am writing the following text from my memory, so its not a "live journal".
Beginning of September 2020:
I searched for automated income machines on youtube, surfed around to finance sector and landed at so called "bots".
My deeper further research brought my to the corner of cryptocurrencies where i spend some days to get a grip on crypto basics.

Mid September 2020:
I found some youtube videos that talked about crypto bots that should earn some money "passive income style".
"Yeah sure" you think now, same as i did. To be sceptic is not a bad thing.
Always check all facts yourself, never just believe someone.

So now its a setup where i have 1/3rd - 1/2 of my portfolio in open positions, no stop-loss but trailing-stop-loss.
This means I can never loose all my money - of course if the whole crypto market crashes, all open positions would loose value.

Back to business...
What I decided is to try out a solution called "cryptohopper". This is just one of many bot solutions in the crypto sector.
I followed some introduction videos that showed me exactly how to setup that bot.
What i had to learn was:
  • Basic crypto understanding (from many videos)
  • cryptohopper documentation (youtube and own education material on their website)
  • functions of crypto exchanges (basics again with some videos)
  • how to connect the bot to my chosen exchange
Fast forward to today:
After some finetuning and learning - my ROI of the last 3 month is in the 15-18% range per month (proven in bull markets, as i have only experience from Sep 20 til today).
After inclusion of a buffer for bad times, where i won't have any wins for 3 months, i plan with 10% in average over the year.

Why i am here:
I am willing to give everyone who is interested further information in this area.
I can give advice on the following side topics:
  • General "how to setup" of the crypto exchange "binance"
  • General "how to setup" of the platform "cryptohopper"
  • Importance of security and anonymity in crypto
  • trading strategies and tactics
  • trading mindset
  • copy my setup to receive similar outcomes
As a thank you, i would ask you to use my affiliate links while registering at the exchange and the cryptohopper which bring some 10% savings to both of us. This is optional of course.

I will do my best to answer all questions, what do you want to know?

Sources that i can recommend:
Coin Bureau (basics on crypto)
Aureum Victoria (german) ( mainly focused on cryptohopper)
99bitcoins (basics on crypto)
Cryptohopper (getting started)

Results:
Nov 2020: 3351 USD (Portfolio: 15K USD)
Dec 2020: 3293 USD (Portfolio: 22K USD)
Jan 2021: 10554 USD (Portfolio: 50K USD)
imo bots can make you way less than research & due diligence.

You do have the benefit of automation but in a bear market...I'm not overly confident of what ones results might be.
 

CryptoCurt

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Oct 2, 2019
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imo bots can make you way less than research & due diligence.

You do have the benefit of automation but in a bear market...I'm not overly confident of what ones results might be.
Good point. Thanks for your comment.
Yes i am with you, this can just be one income stream. High volatility and risk of this investment/trading needs balance or lets call it "Inertial damping system", to let me sleep better...
I need definetely multiple sources of income, for stability.
 

CryptoCurt

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Oct 2, 2019
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Hi all, here my update for the month of April 2021.

Updated Results:
Nov 2020: 22 %
Dec 2020: 15%
Jan 2021: 21%
Feb 2021: 8%
Mar 2021: 14%
April 2021: 9%

The month of April was the worst in case of BTC growth so far.
BTC started with ~59KUSD and ended with ~54KUSD with a 2 week downtrend.
april_BTC.png

The cryptomarket overall performed slightly better with the same downtrend starting on 18th:
april_cryptomarket.png


The bot generated 8.7% of growth in April with last 2 weeks of very low trading volume, resulting in the low growth.
april_bot_activity.png
 

CryptoCurt

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Oct 2, 2019
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Hi all, here my update for the month of May 2021.

Updated Results (rounded):

Nov 2020: 22 %
Dec 2020: 15%
Jan 2021: 21%
Feb 2021: 8%
Mar 2021: 14%
April 2021: 9%
May 2021: 9%

On May-12th, the crypto-sphere has experienced a major dip, which continued until today.

BTC began May with ~57KUSD and ended with ~35KUSD.
The drama began on May13th with Elon Musk talking about bad energy consumption of Bitcoin. The market reacted fast and BTC dipped from slightly above 54K to 52K in a blink of an eye.
This started the trend for the rest of the month.

Media and many youtubers where spreading FUD, which was no surprise.
The best resources for serious Cryptoinvestors for me are Dan from Digital asset news and George from CryptosRus.

But lets get to the charts:
1622450828854.png

The overall Market (excl. BTC):
1622450846238.png

The bot generated 8.6% of growth in May. Overall very low number of sells due to the ongoing bearish market conditions.
1622450872301.png
The Bot is working well in these harsh conditions, still generating wins.
3rd time this year, 10% not reached, therefore status "underperformed" for May.

This was of course a cold shower but i am a strong believer in Cryptos. The whales are putting more pressure on the market to scare out retail investors. All to buy BTC and Alts at major rebates.

Coin Bureau has explained this in detail, a very interesting video if you want to know more about the backgrounds.

Other than the bot, I keep on HODLing BTC, ETH, ADA, VET, and smaller coins and DCA'd even more today.
(DCA=Dollar cost averaging)
This is a marathon and not a sprint, so i am optimistic for the future of cryptos in the mid-/longterm.

Let me know if you have any questions, i will reply to all of them.
 

mguerra

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Hi all, here my update for the month of May 2021.

Updated Results (rounded):

Nov 2020: 22 %
Dec 2020: 15%
Jan 2021: 21%
Feb 2021: 8%
Mar 2021: 14%
April 2021: 9%
May 2021: 9%

On May-12th, the crypto-sphere has experienced a major dip, which continued until today.

BTC began May with ~57KUSD and ended with ~35KUSD.
The drama began on May13th with Elon Musk talking about bad energy consumption of Bitcoin. The market reacted fast and BTC dipped from slightly above 54K to 52K in a blink of an eye.
This started the trend for the rest of the month.

Media and many youtubers where spreading FUD, which was no surprise.
The best resources for serious Cryptoinvestors for me are Dan from Digital asset news and George from CryptosRus.

But lets get to the charts:
View attachment 38208

The overall Market (excl. BTC):
View attachment 38209

The bot generated 8.6% of growth in May. Overall very low number of sells due to the ongoing bearish market conditions.
View attachment 38210
The Bot is working well in these harsh conditions, still generating wins.
3rd time this year, 10% not reached, therefore status "underperformed" for May.

This was of course a cold shower but i am a strong believer in Cryptos. The whales are putting more pressure on the market to scare out retail investors. All to buy BTC and Alts at major rebates.

Coin Bureau has explained this in detail, a very interesting video if you want to know more about the backgrounds.

Other than the bot, I keep on HODLing BTC, ETH, ADA, VET, and smaller coins and DCA'd even more today.
(DCA=Dollar cost averaging)
This is a marathon and not a sprint, so i am optimistic for the future of cryptos in the mid-/longterm.

Let me know if you have any questions, i will reply to all of them.

When everyone is getting emotional, FUD selling, etc, your bot is able to generate 8% gains without you moving a finger.

That's actually nice return in the current market conditions, IMO.
 

Mainstream7

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Yeah, being up 9% in a month like this is pretty impressive.
 

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Rabby

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Well now the people who said "as soon as the market goes down you'll be broke!" and "it's easy to make money in a bull market!" can finally reevaluate their opinions. You have robots making 9% per month on your money, while banks are parking their money in Treasury bills that literally, honest to goodness, pay 0% interest.
 

CryptoCurt

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Oct 2, 2019
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Well now the people who said "as soon as the market goes down you'll be broke!" and "it's easy to make money in a bull market!" can finally reevaluate their opinions. You have robots making 9% per month on your money, while banks are parking their money in Treasury bills that literally, honest to goodness, pay 0% interest.
Absolutely right... I was not sure about the performance in these times but now i am gaining confidence.
People are going broke if they have their stop-loss active like they learned in classic trading.
I had/have positions that are down to -20% but i am not selling. its a matter of weeks and they pick up speed again and get sold. This is not optimal but at least i am not selling with loss. None of the sells was with loss btw!
Regarding banks:
they use your money, give it as a "loan" to other poor idiots for 14% interest and you as customer get 0% or even neg. interest...
 
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Frinys

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I must say, I did not expect this thread to live for long. I'm impressed that you've kept updating the thread monthly. I'm also impressed by the performance of your bot.

It still sounds like a "too good to be true" scenario. 9% profit the same month bitcoin decreased by ≈40%. If you keep this profit rate you'll be filthy rich in no time.

This bot is obviously working really well. So, here is my question. What do you think is the reason such bots aren't used by more people?

Also, how do you handle the taxes? Do the bot set aside a % of the profit which it keeps as USDT, or do you set aside fiat manually according to the amount of tax you have to pay?
 

CryptoCurt

Contributor
Oct 2, 2019
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I must say, I did not expect this thread to live for long. I'm impressed that you've kept updating the thread monthly. I'm also impressed by the performance of your bot.

It still sounds like a "too good to be true" scenario. 9% profit the same month bitcoin decreased by ≈40%. If you keep this profit rate you'll be filthy rich in no time.

This bot is obviously working really well. So, here is my question. What do you think is the reason such bots aren't used by more people?

Also, how do you handle the taxes? Do the bot set aside a % of the profit which it keeps as USDT, or do you set aside fiat manually according to the amount of tax you have to pay?
Hi Frinys,
the point is that you must be able to see 10 positions in dark red with minus 20% and wait until they surface again.
Mindset must be very stoical for this.
1622542449997.png

I think that not many people know about it and the ones that do think that its a fake or it will crash and cost you all your money.

Taxes is the hard part. I have to put aside 40% just for taxes in Germany.
Due to this i will visit Malta next week and check out the little island, which is crypto wise a paradise (0% Taxes). Also not too far from Germany so i can come and visit from time to time.
If my visit is good and I decide that it meets my requirements, i will leave Germany behind.
Means i will cut all strings, no appartment, no car, quit my job in GER, leave and only visit.
I studied tons of forum posts on how to get my tax residency to Malta, so that process is clear to me now. (not very complicated by the way)
If this runs well, i will open another thread on my expat journey to Malta.
If not, i will look for other destinations (Portugal is another one).
In the first 1-2 years i plan to work remotely, so i am not fully depending on crypto to pay my bills.
Crypto MUST still be play money that i don't have to touch to cover my living costs. Otherwise i could mess up the Bot thing and/or my HODLs.
 

CryptoCurt

Contributor
Oct 2, 2019
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Update after my Trip to Malta
Malta is a nice coutry, relaxed and friendly people with awesome climate conditions. Thats it.
I can't imagine to relocate, i want to stay in germany.
Next Mission:
find out, where to start a company for my cryptos. This way i can optimize my taxes hopefully. I will read and contact some experts to find the best option. I know already that germany is not making this too easy for me. Just live as an comany owner in germany and pay taxes in another country? Lets see what tricks the experts have to offer. If this forum knows how to do that, please feel free to contact me or respond to this threat.

 

Chosenone

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Jan 11, 2018
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Update after my Trip to Malta
Malta is a nice coutry, relaxed and friendly people with awesome climate conditions. Thats it.
I can't imagine to relocate, i want to stay in germany.
Next Mission:
find out, where to start a company for my cryptos. This way i can optimize my taxes hopefully. I will read and contact some experts to find the best option. I know already that germany is not making this too easy for me. Just live as an comany owner in germany and pay taxes in another country? Lets see what tricks the experts have to offer. If this forum knows how to do that, please feel free to contact me or respond to this threat.

You can register a company in Bulgaria and pay "only":

Tax on Dividends – 5%
Tax on Corporate & Personal Income – 10% flat rate.

Of course this would make sense if the turnover justifies the additional expenses (like the registration and local accounting).

Here you can get more information (from one of the many consulting companies):

 

CryptoCurt

Contributor
Oct 2, 2019
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Germany
You can register a company in Bulgaria and pay "only":

Tax on Dividends – 5%
Tax on Corporate & Personal Income – 10% flat rate.

Of course this would make sense if the turnover justifies the additional expenses (like the registration and local accounting).

Here you can get more information (from one of the many consulting companies):

Thanks, Cypress and Malta and Estonia have similar offers.
Extract from the site:

"Tax residence of Bulgaria"

Have you considered becoming a tax resident of Bulgaria? Under the Bulgarian legislation you can claim Bulgarian tax residence if 1. You reside in Bulgaria 183 days annually or 2. You prove that the center of your vital interests is in Bulgaria. Under point 1, you will be considered a tax resident of Bulgaria only in the year when you have resided in the country for 183 days. On the other hand, you are not required to satisfy the residence requirement if you justify that the center of your vital interests is in Bulgaria. To determine the center of vital interests, the tax office will consider the location of your employment/ self-employment, business, the country where you pay social contributions, residence permits, properties, family, and others.

The point is that i don't want to move my "center of vital intrerest" away from germany. This means, even with a company in another country, i as the owner of this company still must pay taxes in my home country.

For now, i want to stay in Germany but find a way to found a company under which my crypto business can run with much lower "tax damage". You get punished by high taxes if you do that as a regular person.
 

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