I built an algorithmic trading bot on the GDAX API awhile back and came to the same conclusion. It's not about making killer profit in the short term, it's about making a faster, smarter, more patient human. Once you accept that and build for that, it becomes a lot easier to turn a profit.
Yeah, I think a script that watches for big drops might be worth it. Just have it automatically buy when the price drops a certain amount and bounces back. You wouldn't always be buying at the best possible moment but I think you could make a killing in the long run.
I do believe Crypto is a buy & hold play anyway and I'm not planning on selling in the next 5 years so these extra profits don't make a dent in the much larger profit you get from holding for a while.
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I built an algorithmic trading bot on the GDAX API awhile back and came to the same conclusion. It's not about making killer profit in the short term, it's about making a faster, smarter, more patient human. Once you accept that and build for that, it becomes a lot easier to turn a profit.
Yeah, I think a script that watches for big drops might be worth it. Just have it automatically buy when the price drops a certain amount and bounces back. You wouldn't always be buying at the best possible moment but I think you could make a killing in the long run.
I do believe Crypto is a buy & hold play anyway and I'm not planning on selling in the next 5 years so these extra profits don't make a dent in the much larger profit you get from holding for a while.