How to algorithmically buy coins before they moon
A guide on taking advantage of cryptocurrency volatility using a crypto trading bot.
This one is a solution that I’ve been working on for a while now. Started off as a simple(ish) Python script and turned into a fully fledged algorithmic crypto trading platform that a small team along with myself have been working on for 2 years now.
The premise
If you’ve been in crypto for a while, you’re probably familiar with the occasional incredible spikes that go up 1000%+. Also known as the fabled 10x.
There are several strategies that one could employ in order to try and catch these spikes. The one that I’ve seen people use a lot is very similar to throwing a wide fishing net. Buying small quantities in many various unsung coins in the hope that one or two will turn out to be a gem.
This is almost always a fruitless strategy and will for the most part leave you with less money than you started. This is when I realised that there is a much better alternative to speculating on volatility, or a spike in price, that is technically a lot more precise and doesn’t include you filling your crypto portfolio up with junk.
