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:
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:
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)
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
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
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)
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