Quote from: Sampey on October 29, 2014, 01:56:30 PM

Quote from: JonBoy on October 29, 2014, 01:35:26 PM

Hey everyone,

I am interested in the CAT bot. However, before purchasing what I would like to understand is if people have continued to have success with it although the alt coin market has been in bearish mode for a long time now. Correct me if I am wrong but with CAT I can trade across a large number of currency pairs on the markets you support. If 90% of those currencies have fallen in value during the time I have been running CAT, doesn't that mean no matter how well it performed as they fell in value, the end result is my portfolio has shrunken. Or have I missed something?

Best
JonBoy

Hi JonBoy,

Quote

Correct me if I am wrong but with CAT I can trade across a large number of currency pairs on the markets you support. If 90% of those currencies have fallen in value during the time I have been running CAT, doesn't that mean no matter how well it performed as they fell in value, the end result is my portfolio has shrunken

You're right.
If you don't set ANY stop loss parameter and you continue working on a market during a crash, C.A.T. will continue works BUT probably your estimated portfolio will decrease.

But this is an universal market rule : if USD/BTC crash, all your Cryptocurrency portfolio value will decrease (even if you have only alt-currency)

Thanks for your fast answer Sampey!

So this means CAT has not been that successful over the last 6-8 months because pretty much all of the alt coins have fallen in value, right? Most have fallen by about 60% in value. Even btc has fallen by about 50% in that time. In this kind of a market, what is the point in buying a product that demands I spread my portfolio over lots of currencies - all of which are falling?? Shouldn't I just hold in USD?

Or am I missing something?