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,
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)