Sorry for hogging the thread. I'm trying to stick to one theme per post and I think this is my last one for a while.
I've been thinking about startup conditions. The bot has to start with a balance on Polo of at least one member of a pair. It can't buy or sell otherwise, right? It can only work with "today's value" and is blind to how much or how little you might have paid for that initial item when you first acquired it.
I think this means that Gunbot would have a better start if first launched when crypto markets are "down overall" rather than, say, the last few days? Put another way, if you bought your startup coin high back in the day, you may sell it low when you fire up Gunbot after which Gunbot will make profits if it can, but from that "low" starting point.
This is an observation, not a criticism. Markets never care about how much one paid for some asset back in the day, but one should keep the cost of the startup item in mind when deciding when to first run Gunbot. If the item has gone up in value (against the other item in the pair) then use it. Otherwise, consider a different startup item or consider waiting a while before first starting the bot. I thought this through only after starting the bot with a high-cost item. Thus we learn.
One more notion - Gunthar's comments about viewing an item's value only against the other item in the pair is really important, imho. Many people seem to view crypto as a commodity to be traded against what they think of as real money, namely fiat. I think of crypto as the eventual replacement for fiat so for me it is already "real money". Of course I have no way to know which flavour of crypto, if any, will win out. Gunbot is the perfect tool for people who share that mindset though. When I first heard of it, I feared the market would quickly saturate and we would all be stuck trying to eke out small profits from each other. Not so - we are competing against those who think of fiat as real money, those who bet that they can profit in fiat by trading commodity crypto. Heh. May the better paradigm win.
Edit: strikeout above as I'm still thinking about this. I now think all that matters is the pair in question, not the overall market conditions, but it gets messy if you start thinking about alternative uses for your startup item than trading it for another coin - should I buy that Lambo or not?