Read Millionaire Fastlane
- Jul 16, 2011
I developed hundreds of "bots" over a 20-year period. I managed $10M in client money using the systems I developed. I have a fairly good idea how they work and what is possible.This bot has not once failed to generate it's thousands of investors between 20%-30% Monthly ROI since inception this year. I know that sounds crazy, but it's literally true. If an investor holds all their $ in it for 12 months, that's a 10X-20X ROI Annually. Unreal.
I've never developed a trading bot for crypto, but there's nothing magic about crypto. It's just more volatile than most markets. If that was all it was, I flat wouldn't believe 20-30%/mo claims. However it's very possible that crypto is an inefficient market, meaning there is a lot of low-hanging fruit. 20 years ago it was stupid-simple to develop trading bots for stocks/futures/forex with great results. (In fact now that I think of it, I grew an account about 35%/mo for 6 months in late '99 / early '00. Hm.) As more and more people built bots, and as places like Goldman Sachs threw buckets of money and rooms-full of PhDs at the problem, it got harder and harder to trade profitably. The easy money got arbed away. It's possible GS &etc haven't found the crypto market yet, though that would surprise me.
In any event, I wouldn't count on lifetime income from this. Sooner or later more automated-trading money will flood into the crypto market, and that will squeeze out the easy pickin's. I don't trade bots at all any more because I can't find anything that reliably makes more money than it loses. Maybe I need to look at crypto...