>be programmer>write program that checks current price of a coin and compares it to the price 24 hours ago>if the current price has increased 10%, sell 100x of that coin>if the current price has decreased 10%, buy 100x of that coin>leave program running indefinitely>become richexplain why this would not work
>>59566333Holy shit, OP. What you just invented is a new form of financial trading, maybe we can call it "algorithmic trading." This has never been attempted before. The most astounding thing is you came up with this idea and just posted it online, instead of keeping this secret knowledge to yourself- in fact, doing so has just eliminated your competitive advantage.
There is a selection of coins where you can profit like this but you fucked up by using leverage. That's how you get fucked up.
omg enlighten us one wise
>>59566344
>>59566333>>59566333>>59566333Oh hell yeah bro just fire up your "buy low sell high" bot and let it rip because crypto obviously works like that right? You’re gonna get rekt so hard with that 10% swing strategy, especially when fees eat up your gains like a fat kid at a buffet and slippage fills your orders at worse prices than you ever imagined, not to mention good luck unloading 100x of some random coin with zero liquidity. And who needs risk management when you’re just blindly buying and selling like a toddler hitting random buttons? Yeah, that "buy more when it drops" plan is perfect for turning your wallet into a dumpster fire, so keep at it, bro, maybe you’ll get lucky or maybe you’ll be the next meme hero for getting rekt, who knows?
>>59566461your response is honestly more cringe than OP’s post
>>59566482Alright, hold up, you little shit! You think I’m “cringe”? You’re the one sitting here pretending you’ve cracked the code to wealth with your “smart” trading advice while I’m over here sipping on the tears of people like you who think they can beat the market with some dumb bot. You’ve got about as much chance of becoming a crypto millionaire as I have of surviving a thousand-foot drop while being set on fire, so spare me your "insight" before I slap some reality into your dumbass!
>>59566333ln(1.1)<-ln(0.9) anon, 100x leverage will murder you even if that pattern is statistically significant.
>>59566333No you buy when a coin is up and sell when it's going down
>>59566333Mathlet
>>59566333>Leverage>Swing trading.Ohhh nononononono
