Strategies to supposedly get an even higher return seems like a waste of time to me.
The cryptocurrency market always presents a new opportunity and not seizing the opportunity is what I consider to be a waste of time so there's nothing bad in creating strategies to get high returns.
Topic: I coded a bot that buys bitcoin every time Elon Musk tweets about bitcoin and op - page 4. (Read 573 times)
March 22, 2021, 12:07:10 PM
Nice one but I am the type that believes Elon Musk tweet to be the major Bitcoin market price drive but his ranks in terms of Billionaire and level of knowledge which make a lot of naive cryptos investors use his tweet as an investment decision but this will only happen for some time just like we have seen through McAfee back then.
March 22, 2021, 11:11:09 AM
Although I appreciate the effort and time you may have put into it, I believe that with buy & hold you will have more than enough profitability. The bitcoin has been the most profitable asset of the last decade and everything looks like it will be the most profitable of the next decade, outperforming by far any other asset. Strategies to supposedly get an even higher return seems like a waste of time to me.
March 22, 2021, 09:25:16 AM
This bot is designed to buy bitcoin every time Elon musk tweets about bitcoin with the following parameters:
The bot will open a buy position on bitcoin every time Elon mentions bitcoin in his tweet
Take profit is set to 10% and stop loss to 5%
The bitcoin bot will not place another trade if there is already an active trade (can be adjusted)
The bot uses the Tweepy API and a Twitter developer account that you will need access to, as well as a MetaTrader 5 account.
What are your thoughts on this, would you try it?
Guide: https://www.cryptomaton.org/2021/03/21/program-a-trading-bot-to-buy-bitcoin-when-musk-tweets-about-it/
GitHub repo: https://github.com/CyberPunkMetalHead/bitcoin-bot-buy-if-elon-tweets
UPDATE
Many of you have suggested to add a function to detect the Tweet's sentiment to that the bot does not buy bitcoin if Elon's Tweet contains a negative sentiment about it.
I went and looked for an API that can be integrated in my project and found one that works pretty well.
The Bot will now only buy if the Tweet where bitcoin is mentioned has a positive sentiment! Here are the new resources:
Article and Guide: https://www.cryptomaton.org/2021/03/25/program-a-trading-bot-to-buy-bitcoin-when-musk-tweets-about-it-part-2/
GitHub Repo: https://github.com/CyberPunkMetalHead/bitcoin-bot-buy-if-elon-tweets/tree/buy-crypto-if-elon-mentions-crypto-positively
The bot will open a buy position on bitcoin every time Elon mentions bitcoin in his tweet
Take profit is set to 10% and stop loss to 5%
The bitcoin bot will not place another trade if there is already an active trade (can be adjusted)
The bot uses the Tweepy API and a Twitter developer account that you will need access to, as well as a MetaTrader 5 account.
What are your thoughts on this, would you try it?
Guide: https://www.cryptomaton.org/2021/03/21/program-a-trading-bot-to-buy-bitcoin-when-musk-tweets-about-it/
GitHub repo: https://github.com/CyberPunkMetalHead/bitcoin-bot-buy-if-elon-tweets
UPDATE
Many of you have suggested to add a function to detect the Tweet's sentiment to that the bot does not buy bitcoin if Elon's Tweet contains a negative sentiment about it.
I went and looked for an API that can be integrated in my project and found one that works pretty well.
The Bot will now only buy if the Tweet where bitcoin is mentioned has a positive sentiment! Here are the new resources:
Article and Guide: https://www.cryptomaton.org/2021/03/25/program-a-trading-bot-to-buy-bitcoin-when-musk-tweets-about-it-part-2/
GitHub Repo: https://github.com/CyberPunkMetalHead/bitcoin-bot-buy-if-elon-tweets/tree/buy-crypto-if-elon-mentions-crypto-positively
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