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Old 07-01-2021, 06:13 AM
jerry1 jerry1 is offline
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Join Date: Apr 2021
Posts: 6
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I'm getting about 50% daily return in the DOGE/BTC bot the last few days. But if I would've just held the same amount in Doge it would be 100% returns. The bot is good for volatility, but is inferior to holding if the coin is also on a bull run. I'm using this crypto bot to hedge the amount of Doge I hold. It limits my total upside, but I have some downside protection since I get to keep my 20% arbitrage profits even if the coin plummets - and that's because if it did drop I would continue to hold anyway as a long time hodler already. If you're looking to make a quick buck and not hold doge, you'd be better off buying right now and set a limit sell at a good amount of profit.
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