Happy Hour Crypto Thread.

[Matsuo Munefusa]

If I can offer any advice for some guys on here for crypto....please study crypto autobots....for passive income.

Emphasis on the STUDY.

I started studying how you can capitalize on the fluctuations of crypto currency about a year ago....and that lead me to crypto hopper and 3 commas.

Three commas is what I currently use.

Basically it works like this. I only use DCA bots (dollar cost averaging), some like to be more chancey and use gordon, grid bots etc....but for me this is about making money while you sleep. And thats basically what i do. Gordon and Grid bots you need to be on and tweaking. DCA it is what it is and you can go on vacation or sleep...it just makes money without massive risk.

I have a couple friends on this site that I told about this and they and myself have all been exchanging notes on using the crypto bots with dollar cost averaging and letting it run. The person we follow on most of this stuff made 6 figures in profit last year pretty much while he slept and went on vacation. You set up the autobots and just let them go. Very little tweaking.

My first 18 days I started slow and made money every single day and I averaged 136 dollars per day over the first 18 for sleeping. I say "sleeping" because thats basically what you do. You set up your parameters and bots and let them run. When i wake up I look and I make 78 to 300 dollars when i wake up. Not a bad gig for sleeping.

Since my first 18 days ive pushed things a bit and im trying to turn that 136 dollars average into 300 dollars a day....and Im right on track to doing so. My longterm goal is to get the autobots to make 12k a month profit and I think I will make that goal. Again for "sleeping"....its passive

I urge people to study this. Get on google look up auto trading bots, look up dollar cost averaging, spend the time to learn it. Please dont PM me on this, I will not answer. I am not expert enough on this to feel confident giving financial advice. I studied one particular guys system and parameters and it has worked great. I have developed my own system which I have told my friends about and it has worked for myself and us.

If you do it correctly any money you put into a correct autobot system you will double within a matter of months. It works on the fluctuations of price and volatility. I use coingecko and study spread/volatility and market share and thats how i make my decisions. Couple guys I know got kind of greedy and went for the gusto outside of DCA bots and won big and lost big....not my style...I am a busy person with very little free time.....and set it up and leave it and let it make money without risk is how i like to do things.

I am pretty darn confident from what i know right now that 1000 dollars put in would make 14 bucks a day. 10000 dollars would make 140 dollars a day and so on and so on. Pretty confident of that. So if a guy put in 5000 I am pretty confident if he did things correctly he would average 60 dollars a day over a month and a years time. He would double his 5000 dollars in 83 days. That adds up quickly over time.

And what you do with taxes is depending on where you live and your tax bracket ( I live in California so i get taxed like no tomorrow ) ....you take tax bracket (28/34/38/44/50/54) and put it aside. Here in Cali with fed and state its pretty much :half"....So you take half your profit and put it in Gemeni/Blockfi/Celcius/Ledn or someplace similiar and make the 8-12% and make that your tax fund. If you make 100k with autobots and your taxed at 50%, you put that 50k in an 8-12% stablecoin account/s and make an extra 5000 dollars on it this year.....and pay your taxes.

Anyways i highly urge people that are into crypto to study the crypto autobot information out there. You can set the autobots to make you crypto or you can set the autobots to make you money. I feel you should set it to make you money because if you accumulate crypto thats great until the time that coin then drops down and you didnt get what you thought you were going to get. Example: You make 120k this year with autobots in cash....thats your 120k. Or you make 2 bitcoin this year (120k as of right now) and then bitcoin drops to 37k in March...well your 120k is now worth 74k not so great.

Anyway I hope i gave some people some food for thought. Myself and a few close friends I have on this site are doing well with it.

everybody loves bots in a bull market. Come on man, unless you're botting with contracts and can short sell then you're going to get destroyed when the market turns bear. You'll give back everything if you keep your bots running. You'll never know when to turn bots off and hold in USD. You'll make the wrong call over and over and over again until your 136/day USD is gone.

 

[Matsuo Munefusa]

I am retired and would be happy with some passive income. I would be interested in taking profits monthly as income. only thing I am wondering about is how much of a tax headache this is ? I guess each trade bot does must be treated as separate event? anyone with experience with the tax aspect...thank you

come on man, use your fucking brain bro! Everybody in the world would be running bots if it worked as a long term strategy. its a zero sum game.

 

[Mr OZ]

@Matsuo Munefusa in one of the video's the guy talks of using safety orders to cover a coin dropping by 60% - as long as you had the capital to cover that over 20-30 orders I dont see how you will lose everything ? What would be the likelihood of the market dropping with no bounces to trigger your take profit sells

I only learned of this when reading the posts on the previous page so am a complete newbie, just trying to learn and expand my knowledge

 

[Matsuo Munefusa]

They’ll chip away at you. You’ll see...feel free to go get that “while you sleep” money though lmao

The only strategy I endorse is buy and hold. That works bro!

 

[Pheedno]

They’ll chip away at you. You’ll see...feel free to go get that “while you sleep” money though lmao

The only strategy I endorse is buy and hold. That works bro!

You can look up set ups and see how they fair in market a crash. If you're set up conservative enough, and only playing with what youre willing to lose then I'm not sure I see the downside.
I do agree, buy and hold is what you do with the bulk of your investments but taking less than 5% and playing a market with a conservative approach that you can actually see examples of performance? I'll take that chance all day.

 

[Matsuo Munefusa]

You can look up set ups and see how they fair in market a crash. If you're set up conservative enough, and only playing with what youre willing to lose then I'm not sure I see the downside.
I do agree, buy and hold is what you do with the bulk of your investments but taking less than 5% and playing a market with a conservative approach that you can actually see examples of performance? I'll take that chance all day.

Sure and I agree with that thinking.

 

[strummer]

come on man, use your fucking brain bro! Everybody in the world would be running bots if it worked as a long term strategy. its a zero sum

well I did something right..high school education retired at 57 now 63 never needed any kind of work since retired. spend my days being grandpa..I am asking about tax implications with some expendable funds I can use on grandchild..buy and hold and compounding dividend stocks were key with time and patience..not looking as a longterm strategy .

 

[Elvia1023]

Crypto really went to shit. No one ever posts in this thread when things drop. It will obviously go back up. Money is to be made buying during the lows but just how low will it go.

 

[pesty4077]

Crypto really went to shit. No one ever posts in this thread when things drop. It will obviously go back up. Money is to be made buying during the lows but just how low will it go.

I fail how to see how Cryptos went to shit. Same old song and dance. This is why only certain people will make money. The complainers and panic sellers is what makes the others rich.

 

[Pheedno]

This IS the song to dance to. Much of crypto doubled in value during 2021. In 2022, much of crypto will double in value from it's previous 2021 high....and ti will crash a couple few times as well. No need for an exit strategy when you're holding long term and the price has showed stability for long enough when it's high to sell out if one was inclined to.
Look at past years trends and you can see patterns going forward.

 

[Elvia1023]

I fail how to see how Cryptos went to shit. Same old song and dance. This is why only certain people will make money. The complainers and panic sellers is what makes the others rich.

I was just joking about. I meant in the very short term. The likes of ADA has been disappointing. We all know how it goes... up and down. It's much higher than it was 1 year ago. Trust me I remember when ETH was about $100. I don't have much money and spend quite a lot living so I wasn't able to invest like I wanted but I have literally held all my crypto. I haven't sold nothing apart from when I had to take some out due to an emergency but definitely never panicked in my life. I am sure they will be double in 1 years time.

 

[Elvia1023]

This IS the song to dance to. Much of crypto doubled in value during 2021. In 2022, much of crypto will double in value from it's previous 2021 high....and ti will crash a couple few times as well. No need for an exit strategy when you're holding long term and the price has showed stability for long enough when it's high to sell out if one was inclined to.
Look at past years trends and you can see patterns going forward.

Of course. I got some ETH at $200. I got BTC at well all different prices but much lower than it is now. I got ADA at $2 I think so that is way down but I am sure it will hit $3 at some point next year.

 

[pesty4077]

I was just joking about. I meant in the very short term. The likes of ADA has been disappointing. We all know how it goes... up and down. It's much higher than it was 1 year ago. Trust me I remember when ETH was about $100. I don't have much money and spend quite a lot living so I wasn't able to invest like I wanted but I have literally held all my crypto. I haven't sold nothing apart from when I had to take some out due to an emergency but definitely never panicked in my life. I am sure they will be double in 1 years time.

Yeah, I was of the few who bought at ETH 100. I kept for over 3 years and don't plan to take any out yet. I expect 10,000 one day. When I see ETH even go down 1000, it doesn't phase me for what I got it for. The funny thing is I don't even need it. I have good residual income for being retired.

 

[Cabron]

LRC counterfactual wallet released today

 

[Wonton]

I think crypto tanking from 68k because new tax mandate by government to identify everyone's holdings and cost basis

So people selling before tax man 2022 , I forget month I think June ??

 

[OuchThatHurts]

I think crypto tanking from 68k because new tax mandate by government to identify everyone's holdings and cost basis

So people selling before tax man 2022 , I forget month I think June ??

Don't get too discouraged. This was coming. The modern banking cartels aren't going to allow a decentralized currency to come along and compete with their bank notes. At least, they're not going to fall over with their legs in the air.

If bitcoin is going to be successful, and it truly could be. Actually, truth is it has been. It's finite, It's worldwide, it's decentralized, and portable. The one thing they're going to have to do to is reduce and rein in the extreem volatility. As it is, your coin can gain/lose 5-20% or more just in the time it takes to process a transaction. A reserve currency for the masses is going to need that to be practical. The rules of currency as commodity is nothing new. There are some very undervalued currencies out there that are good plays in burgeoning economies like the Kuwaiti Dinari.

Until the volatility calms down HODL (Hold On for Dear Life)

 

[pesty4077]

I think crypto tanking from 68k because new tax mandate by government to identify everyone's holdings and cost basis

So people selling before tax man 2022 , I forget month I think June ??

It was inflation numbers in USA that drove it down, but it will be temporary. Overall, long term hodl is good.

 

[Mr OZ]

i like the new thread title lol

i am going to buy AUD $40 of bitcoin a week and see how i end up end of next year. I was doing something similar (non crypto related) and made $300 over 3 years so thought not much to lose

 

[Pheedno]

How are everyones bot accounts?
An update to my own 3commas experiment. When the correction happened, the coins tanked, my bots overbought on safety orders and I ran out of money to trade with. I instilled a bit more capital(about 40%), adjusted my bots to different settings and now, even with the entire market being down 30+% I'm up on profit and have more in the 3commas trading account than I did when the market was at peak. I currently have 25 bots in play now. Slowly figuring this out.

I'm going to go a bit further on the education. I've purchased a couple of classes off of Udemy. I'll update on thoughts when I get through them

 

[pesty4077]

How are everyones bot accounts?
An update to my own 3commas experiment. When the correction happened, the coins tanked, my bots overbought on safety orders and I ran out of money to trade with. I instilled a bit more capital(about 40%), adjusted my bots to different settings and now, even with the entire market being down 30+% I'm up on profit and have more in the 3commas trading account than I did when the market was at peak. I currently have 25 bots in play now. Slowly figuring this out.

I'm going to go a bit further on the education. I've purchased a couple of classes off of Udemy. I'll update on thoughts when I get through them

That would be great if you could share. I personally waited because of the market drop, but it sounds like you know more then me. You mind me asking how much you are investing? Dante said to start around $1000.