 | Last post link: here As per my last post on this project, I am doing to do a post regarding the statistics of 16 crypto projects, and also the result of grid trading BTC and ETH using a grid trading Bot (I used Pionex). The total amount used was $85 per project so far, and this was over 16 weeks. So $5 per week. PHA (+39%) is still the best performing asset. Overall, I am in the green. Altcoins seem to have had a slight bounce back after a few bullish pieces of news (instagram NFTs, Elon taking over twitter etc..) I am up at this point by 4.84%, or about $74. Again, it is interesting to see how well the grid trading bot has overall held up better for BTC than ETH than the strategy of DCA. This may be due to parameters, which may be worth tweaking? The crypto projects I dollar cost averaged into were a small assortment. I must disclose that I used Binance for this, as it was the most cost effective. Namely BTC, ETH, BNB, MATIC, DOT,ADA, LINK, ALGO, ATOM, GALA, WOO, NEAR, ATA, PHA, XVS, FTM. The reason for the weird assortment is because I wanted to see the way altcoins would move in the market as well. I may add one or two more tokens to this, and any suggestions are welcome :) - I got a few suggestions to add VET, DUSK, or THETA since they are available on the binance auto-invest feature. I may add one of these next time Thank you for the read! have a lovely rest of your day. Stay safe, and stay hydrated! [link] [comments] |
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