SmithBot

2023-01-29 16:58:01 SmithBot Announcement:

Releasing another bot running on the New Bot Engine .

Bot-ID 205 for pair ETH/USD:
new logical network quant algo
continous auto-retuning
adaptive trading frequency Open / Comment

2023-01-09 16:37:01 BOT SPOT (week 2):

SmithBot's Bot-ID 14 trades Ethereum (ETH) quoted in Euro (EUR). It nicely outperformed the market and protected the funds from high losses in the recent bear market.

Summary Bot-ID 14 (@0.1% trading fee):
- EUR profits in last 3 years: 7178%
- 14.23 times beating the market
- # of orders: 164 over 3 years Open / Comment

2023-01-03 14:30:40 BOT SPOT (week 1):

SmithBot's Bot-ID 12 trades Ethereum (ETH) quoted in US-Dollar (USD). It outperformed the market most of the time and delivered nice profits with little drawdown.

Summary Bot-ID 12 (@0.26% trading fee):
- USD profits in last 3 years: 5658%
- 6.84 times beating the market
- # of orders: 127 over 3 years Open / Comment

2022-09-26 16:32:33 BOT SPOT (week 39):

SmithBot's Bot-ID 13 trades Ripple (XRP) quoted in Euro (EUR). It outperformed the market nicely with very little drawdown.

Summary Bot-ID 13 (@0.1% trading fee):
- EUR profits in last 3 years: 3713 %
- 18.00 times beating the market
- # of orders: 146 over 3 years Open / Comment

2022-09-25 17:48:01 Crypto & Financial Markets
Traditional financial markets and cryptocurrency markets are intertwined in many ways.
Turmoil in the crypto markets can have some impact onto the more general financial markets. But as the total market capitalisation of crypto is rather small compared to other asset classes, it is more often the other way around.
_ Open / Comment

2022-09-24 16:41:01 Nice Trades!
SmithBot's Bot ID 13 closed another series of profitable trades within the last 2 weeks, jumping on the Ripple uptrend and returning great profits.

profit: 50% Open / Comment

2022-09-23 17:55:13 Inflation stays high
Consumer prices keep rising at unprecedented rates. In some countries, like the US, they seem to flatten. But this is due to short-term effects, solely driven by decreasing oil prices (US is selling large parts of their strategic petroleum reserve) and not sustainable.
In fact, producer prices increased even much more and they will have to pass these increases to consumers. So ,expect more inflation to come. Open / Comment

2022-09-22 17:08:01 Why HODL isn't a good strategy
buying and holding your crypto will let your investment just follow exactly the market prices. When the markets fall or even crash, you go down with them.
There are better ways, so you can take much of the profits in bull markets, but limit the losses in bear markets. Try SmithBot to do better!
_ Open / Comment

2022-09-21 17:59:01 What drives the Bitcoin price?
Bitcoin prices are purely determined by supply and demand. And these are driven by sentiment and expectations influenced by news, Elon Musk tweets ....
In addition, when central bank money is cheap, investors tend to invest in speculative assets which also drives crypto prices up. But,
Rising interest rates and quantitative tightening cause investors to exit riskier assets
This is one reason, why crypto is in a bear market right now
_ Open / Comment

2022-09-20 17:57:06 Play to Earn
One of the recent Web3 trends are play to earn games. They claim, you can earn crypto tokens by just playing.
Caution: this is almost aways some kind of pyramid scheme or other questionable tokenomics.
in Play-To-Earn schemes, the average player will very likely lose money!
_ Open / Comment