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Re: 🔥🔥🔥🔥🔥[GUNBOT] Automatic Poloniex Profit Generator🔥🔥🔥🔥🔥
by
Oktorok
on 08/07/2017, 21:57:41 UTC
How exactly is it less prone to holding bags? It seems to me that if it's not going to sell at a loss it would hold the bag. Not sure what can be changed here so that recent versions would be any better than older versions. Am I missing something in the logic?
Read the release notes. What I meant is that the bot has become better at anticipating an upcoming "bear market/price decline" and is less likely to buy before it.
Thanks I will read through the notes. I understand what you meant, I am just wondering g how the bot is capable of doing such a thing. I.e. What conditions must be satisfied in order to buy/sell
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Re: 🔥🔥🔥🔥🔥[GUNBOT] Automatic Poloniex Profit Generator🔥🔥🔥🔥🔥
by
Oktorok
on 08/07/2017, 11:32:26 UTC
That's how I traded before, and I know that a lot of veteran resellers do the same. The advice was always "HODL" during the bear market, and it has worked out so far. Recent versions of Gunbot are less prone to "holding bags" anyways.

How exactly is it less prone to holding bags? It seems to me that if it's not going to sell at a loss it would hold the bag. Not sure what can be changed here so that recent versions would be any better than older versions. Am I missing something in the logic?
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Topic
Re: 🔥🔥🔥🔥🔥[GUNBOT] Automatic Poloniex Profit Generator🔥🔥🔥🔥🔥
by
Oktorok
on 08/07/2017, 07:55:08 UTC
You are technically not down until you sell your altcoins back for a smaller amount of Bitcoin. I had warned about the bear market a while ago.

Thanks for the explanation. So during these bearish times and we are holding multiple bags, do we just hold on to these and we expect they will all eventually recover? When should we decide is appropriate time to sell at a loss? I assume bot doesn't do this (except for security margin feature which is manual cut off). Hoping you can advise.
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Topic
Re: 🔥🔥🔥🔥🔥[GUNBOT] Automatic Poloniex Profit Generator🔥🔥🔥🔥🔥
by
Oktorok
on 08/07/2017, 02:59:37 UTC
Hi guys, I'm new to this kind of area of botting/trading. I am trying to verify manually the strats used here (i.e. BB method, using 25% values). Right now I am manually monitoring this, using Poloniex and making an excel sheet. I am not making real trades, just pretend trades, but right now I don't seem to be making any money on my books. Because a lot of the markets are trending down (bearish?) it seems my 'fake' trades are holding a lot of bags... is this normal? Right now I pretended to invest starting amount = 0.5BTC and I am down to around 0.4BTC (20% loss) because I am holding some bags (I just valuate the bags at their current prices).

What do you guys think? Does the bot handle this better than I am? Because it would seem the bot would need to wait until the price is above purchase price to sell these bags...