I built an Open Source Reddit Sentiment Crypto Trading Bot
If you’re familiar with the r/CryptoCurrency subreddit, you’ve probably heard the phrase the phrase “inverse r/cc strategy”.
This is very similar to the inverse Cramer strategy, in that it aims to place trades using the inverted sentiment of the Cryptocurrency subreddit. Basically, if the subreddit says that Solana sucks — we want to go all in.
The collective voice of the subreddit has been so consistently wrong, that even members of the sub are using the aggregated sentiment to buy coins the echochamber swears they’re sacrilege.
Doge, Solana, ShibaInu and Worldcoin are just some of coins this subreddit was singing funeral rites to as if they were a Mariachi band performing at the Day of the Dead festival.
The point of this exercise is not to discuss whether certain tokens have use-cases or are decentralised and safe, as that would be a completely different topic. The point here is purely from a financial perspective. From this perspective all the coins listed above are still alive and doing quite well.
So, in order to test whether this theory still applies today, and whether InverseCC truly deserves its spot next to the iconic InverseCramer indicator — I built a crypto trading bot that buys coins this subreddit hates.