Hey, sorry got what you mean now...
We are using AI for that, a combination of open source AI's to determine the sentiment of the tweet and the make a buy/sell decision accordigly... in that case the bot would sell so you would effectively sell on Spot (assuming you held BTC) or on Futures.
AI sentiment is an option that co-exists alongside manual --- you are right btw, this is the tricky of the business.
For AI we use OpenAI, have our own machine learning as well as are hooking other models. Thanks for challenging this btw it was a tough one for us to crack it too!
b) For your bot to be activated, you need to enable a "Musk Bot" by following Elon Musk, and at it add the keyword "Bitcoin". This will trigger a buy order at your Binance account...
I think you did not understand what I mean. In the example above, and assuming that Musk has an effect on the price, his tweets such as I will buy #Bitcoin only for $1 are a sell signal, not a buy signal. Therefore, if the bot understands the buy signal using keywords, it will not be able to determine whether it is an order. Sell or buy.
The same thing happened when Tesla stopped accepting bitcoin, the tweet had the keyword bitcoin.
So, without a simple AI integration this bot will give wrong results.
Thanks for sharing, and yes you are right the rate limits (were) an issue - for Twitter we could be a great client as they could charge us within the thousands of dollars per month just for hitting the API rate limits (its about 2.5k-12k a month based on their sales team and it can go even higher - depending how many users will have ofc..)
Worths mentioning that we plan to register as an institution and ofc accept and "play" with all of Twitter's TOS.
OTOH anything that is using the twitter API can be shut down with no warning and no reason given:
https://techcrunch.com/2023/01/16/twitters-third-party-client-issue-is-seemingly-a-deliberate-suspension/So projects like this are now always going to be 1 Elon is having a bad day away of being shut down if they or anything they access relies on any form of API from Twitter.
Keep that in mind, you may have to have a way to do this without ever touching any of their back end calls.
Not saying it will happed just that it can, and if you are going to be charging for the service it's going to be a nightmare as others are finding out now.
-Dave