Re: [ROASTING] This forum has big problem with high rank spineless human beings
Please tell me where i said that a bitmex api key alone can act as a private key of the bitmex's wallet.
Not interested in playing word games with you. You keep shifting the goal posts, and again, we're very familiar with this kind of behavior.
This guy summed up the problem with what you are offering more-or-less perfectly:
I have not encountered 1 bot, in the world of crypto trading, that had a proven track record of consistent profitability and was also on sale for the retail public's benefit. If there was any significant alpha factor, the owner of such a bot would be extremely cautious about not compromising that edge by sharing it with the public. You would be the first of your kind in this case, which is highly doubtful, but I'm sure the intelligent traders & investors can decide for themselves.
I understand you are not selling the bot. No need to nitpick that point. But the problem remains: if your bot is consistently profitable enough to offer consistent returns of this-or-that a month, why share it with the public? Why not just compound your own profits and not run the risk of having somebody figure out what your bot is up to?
Furthermore, one point of clarification I'd like is, how do your customers benefit from your account having "market maker" privileges if their accounts do not? A few trades you made that appeared to be a loss may have still been profitable to you thanks to such privileges, but would still be a loss to them. I'm just trying to understand how you reconcile this difference.
I shift nothing. you guys have made a crusade about a definition that
a- was clearly misunderstood
b- was absolutely not related to arakne's business model. if an api key can act or not as a private key is irrelevant since the only api key the bot needs is a public one with access to only trading.
Luckily you pointed out that this bot is absolutely not for sale, why do i offer the service i'm offering?
Simply because i earn more. Isn't all about that in this world? Compounding the commissions gives me much much higher roi than 500% in 20 months.
Am i scared someone is gonna figure out how it works? no at all. reverse engineer the whole thing is almost impossible. If you spend some time digging in the 600 trades in backtest you can understand the moneymanagement, if you really know the way around markets you could even understand how the nearest resistance and support levels are calculated... but there are dozens of side algos that only track manipulation and breakouts patterns and act as a semaphore for starting the market making. Understanding the semaphore's logic is almost impossible by only looking at the trades
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Furthermore, one point of clarification I'd like is, how do your customers benefit from your account having "market maker" privileges if their accounts do not? A few trades you made that appeared to be a loss may have still been profitable to you thanks to such privileges, but would still be a loss to them. I'm just trying to understand how you reconcile this difference.
The bold part is nonsense. All bots run the same source code via the same kind of api key with only "order" privileges-
If you check the balance posted by who tested the bot:
You should move that mirror out of the way then
Really? Is that the "roasting" I was promised? You're gonna have to do better than that, son.
While I have your attention, riddle me this: Why is a quantitative trading programmer begging for money here in the bitcointalk lending board? The ones I know started earning $125k right out of college, with no real-world experience. The good ones can earn half a million or more with bonuses. Something isn't adding up.
And by the way; a vouch from your scammy alt isn't helping your case. Just an FYI.
Yes looks like someone is throwing the stone and hiding the hand. He deleted most of his posts. Thanks DireWolfM14, have been a pleasure. I add you to my roasted list, but remember that what happens on the internet stays on the internet. I'm collapsing my replies in a single post so he can't do anything to delete them reporting to a moderator as non-legit ups! There are so many little tricks going on this forum....
Edit: I was also very skeptical about this invetsment at first. Now I have daily contact with this user and I trust him with managing my funds on Bitmex. Also he has only API key for trading, not for WITHDRAW.
I think calling this user a PONZI owner is very strange because the funds never are fully in his control or away from bitmex. Anyway there is never a guarantee of profit, but is based on future predictions which have been turning out quite well. I have 100% winrate as of now with his trading algo.
simply because all trades are the same.
actually his roi is even higher, he's at 15% because the demo account wasn't created straight away
Successful traders don't use bots. The best way to become a successful trader is, doing less trades.
The less you trade, the more successful you become.
That's why, the best traders are who do zero trades, hodlers.
yup, hodlers run the biggest industry of the world. HOW NAIVE are you guys?The less you trade, the more successful you become.
That's why, the best traders are who do zero trades, hodlers.
Algo bots rule the markets. They accumulate profits until they got manipulated as source of liquidity by whales that understand how they work.
This image says everything:
And this is not only true for bitcoin, but also for the trillions of daily volume of forex,stocks,bonds.
-snop-
Trading is a zero-sum game.If your bot guarantees to profit, then someone is guaranteed to lose.
If everyone uses the bot, then everyone is guaranteed profit, then everyone is guaranteed losses.
Wait.
Indeed at some point, when Arakne will have enough btc in management(aka enough commissions scheduled
), the whole thing will go private. Based on the visibility that this thread gave to the project, that will not take long.
Also is clear all the people that got owned in this thread, got rekt by the market and think is basically impossible to make money by trading.
2 bln daily volume and over 23k bots online right now and we are all losing money.
fucking hilarious