Starting my Crypto SaaS project journey

[subet]

Hi everyone,

It has been quite a long time that I bought my first coin. What I learned after years is playing short-term is a bad idea and HODLing long-term returns well. However, it is long-term and I want to earn high amounts in short term. I have an idea regarding and just developed a website and a bot for myself. Today I finished the tests and activated the bot.

My plan is; testing the bot for a time and if it is working well for me, converting the website to a SaaS model, and let people subscribe to the website to use the bot as a service. While only I am using the service, I will finish its security improvements and I will write a few more bots for other scenarios in my mind. The rule for my first bot (which I have now) is very simple and working 100%. I checked the history of many coins and there is not even one exception Almost every week, I will be able to increase my money by at least 30%. I will not do anything manually, the bot will handle all the situations. Of course, it may need to be improved over time.

So, I want to make my money at least 10x, convert the website to the SaaS model and get a minimum of 1K USD/month stable income from the service on the first day of January 2022.

I can't say the bot Idea now (sorry guys) but when I convert the website to the SaaS model I will tell you the website URL and explain how the bot works. Until that time, I will update this post regarding the last situation. If you are interested, watch the post.

Wish me luck, guys, thank you.

 

[TomTheCat]

You will make a lot more than $1000, if your bot works as expected. One question though, what happens if you have 10,000 users using the same strategy, using different amounts from $1 to $100,000? Will your bot be profitable? Following. Good luck!

 

[subet]

You will make a lot more than $1000, if your bot works as expected. One question though, what happens if you have 10,000 users using the same strategy, using different amounts from $1 to $100,000? Will your bot be profitable? Following. Good luck!

Thank you for your good wishes. There are many open questions in my model which I need to think about. Good, you asked, I think 10,000 users with amounts of $1 to $100,000 make a huge wave in the coin market if a BUY order is given at the same time or a SELL order is given at the same time. I think profit will be lower if users increase and the coin's market capitalization is very low. So, fewer users and high market capitalization of the coin will profit more. But, I need to think in more detail how to make it more profitable as we have a big power of high users. Because this power opens new doors to better bots.

 

[sabertoothsalmon94]

May I ask how long did it take to create this bot

 

[subet]

May I ask how long did it take to create this bot

It took years of crypto and web development experience + one week of development
But it is the first version and I am still testing it with low amounts of money. It will take more time to have a stable version.

 

[TomTheCat]

Another question. In case of newbies entering the market, as I often see, they use MARKET BUY. If someone puts a SELL LIMIT 1000x than the trading price, like it happened to this guy that lost $250k

https://www.reddit.com/r/kucoin/comments/nedmhc/a_huge_bug_occurred_lost_all_my_money_on_a_market/

will your bot trigger a signal?

 

[BassTrackerBoats]

\when I convert the website to the SaaS model I will tell you the website URL

Best of luck with it but please do not advertise your bot once it is live here outside the proper channels.

 

[Deleted member 1333509]

Almost every week, I will be able to increase my money by at least 30%. I will not do anything manually, the bot will handle all the situations. Of course, it may need to be improved over time.

It took years of crypto and web development experience + one week of development

Hey OP, good luck and all, and not just trying to shit on your plans, but 30% a week is fucking ridiculous.

That's not coming from someone who has no idea what they're talking about, I've built crypto trading bots before including custom backtesting engines and worked with people who have worked at crypto hedge funds.

A reliable 5% a week is insanely good. If you're making 30% profit a week in your testing there's a few possibilities:

a) you're testing is inaccurate, massively.

b) you're backtesting over the course of time during a bull run and then expecting that to be the case normally. In which case, it won't be, and in fact even during dips in the run you'll suffer enormous losses probably.

c) you're a genius on the level of Einstein and Nikola Tesla combined and have outperformed large groups of people with millions of dollars of resources and that mostly have postgrad educations in financial math and AI and who all have the sole collective goal of maximising profit in the market using automation.

Again, not trying to be harsh, but c) is by far the least likely of the 3.

 

[bdman]

If you can gain 15% monthly which is enough, yearly 180%
Just for doing nothing except investing money.

 

[subet]

Another question. In case of newbies entering the market, as I often see, they use MARKET BUY. If someone puts a SELL LIMIT 1000x than the trading price, like it happened to this guy that lost $250k

https://www.reddit.com/r/kucoin/comments/nedmhc/a_huge_bug_occurred_lost_all_my_money_on_a_market/

will your bot trigger a signal?

No, my bot is not catching these signals at the moment.
If you are asking if I will lose that much because of the bot, no, it is planned to not lose money more than the percent you set. I set it to 30 percent and I either earn or lose 30 percent. But in the scenario I have now for this bot, I always earn. No exception until now, I checked the history of the coins carefully.

 

[subet]

Best of luck with it but please do not advertise your bot once it is live here outside the proper channels.

Thank you and all clear

 

[kboxer7]

Hi everyone,

It has been quite a long time that I bought my first coin. What I learned after years is playing short-term is a bad idea and HODLing long-term returns well. However, it is long-term and I want to earn high amounts in short term. I have an idea regarding and just developed a website and a bot for myself. Today I finished the tests and activated the bot.

My plan is; testing the bot for a time and if it is working well for me, converting the website to a SaaS model, and let people subscribe to the website to use the bot as a service. While only I am using the service, I will finish its security improvements and I will write a few more bots for other scenarios in my mind. The rule for my first bot (which I have now) is very simple and working 100%. I checked the history of many coins and there is not even one exception Almost every week, I will be able to increase my money by at least 30%. I will not do anything manually, the bot will handle all the situations. Of course, it may need to be improved over time.

So, I want to make my money at least 10x, convert the website to the SaaS model and get a minimum of 1K USD/month stable income from the service on the first day of January 2022.

I can't say the bot Idea now (sorry guys) but when I convert the website to the SaaS model I will tell you the website URL and explain how the bot works. Until that time, I will update this post regarding the last situation. If you are interested, watch the post.

Wish me luck, guys, thank you.

You should turn this into a journey thread. Show your trades and results daily. Either it works or it doesn't

 

[subet]

Hey OP, good luck and all, and not just trying to shit on your plans, but 30% a week is fucking ridiculous.

That's not coming from someone who has no idea what they're talking about, I've built crypto trading bots before including custom backtesting engines and worked with people who have worked at crypto hedge funds.

A reliable 5% a week is insanely good. If you're making 30% profit a week in your testing there's a few possibilities:

a) you're testing is inaccurate, massively.

b) you're backtesting over the course of time during a bull run and then expecting that to be the case normally. In which case, it won't be, and in fact even during dips in the run you'll suffer enormous losses probably.

c) you're a genius on the level of Einstein and Nikola Tesla combined and have outperformed large groups of people with millions of dollars of resources and that mostly have postgrad educations in financial math and AI and who all have the sole collective goal of maximising profit in the market using automation.

Again, not trying to be harsh, but c) is by far the least likely of the 3.

Thanks a lot. I don't think that I am a genius. But there must be a fourth option that I found a bug in the system and I can profit from my bot. The time will show, I will share it here, no worries.

 

[subet]

You should turn this into a journey thread. Show your trades and results daily. Either it works or it doesn't

I will share my account's balance weekly. I promise. When I convert the website to SaaS and open it to the public, I will share also the trades the bot did in this period. Please stay in touch.

 

[Deleted member 1333509]

Thanks a lot. I don't think that I am a genius. But there must be a fourth option that I found a bug in the system and I can profit from my bot. The time will show, I will share it here, no worries.

Can I just ask you, have you backtested this algo yet and if so which data did you use to test with over what period of time, and is the backtesting mechanism a prebuilt software or something you made yourself?

Also, when you say 30% a week, you're saying on average your algo yields 30% per week profit? Just to clarify exactly what you're claiming.

None of that would at all reveal anything about the algo so assuming there's no issue with these q's.

 

[BassTrackerBoats]

have you backtested this algo

Molly good golly, that is a solid aspect to testing a process.

I'd say you have some of my genes in your veins but nobody would believe that.

 

[Deleted member 1333509]

Molly good golly, that is a solid aspect to testing a process.

I'd say you have some of my genes in your veins but nobody would believe that.

How funny if two guys on here were like uncle and nephew and never mentioned it to each other IRL so never knew

 

[dreadpixel]

Hey, I already did some scripts to connect with the Web sockets on Binance with API.
The unique real problem is getting the alerts when something is sold to create a buy order, or when you buy you apply a sell order.
There is a project for a good approach to achieve this as Unicorn Devs.

Is that the SaaS you want to build?

 

[yodiverdch]

Good luck mate, very well planed!

 

[subet]

Can I just ask you, have you backtested this algo yet and if so which data did you use to test with over what period of time, and is the backtesting mechanism a prebuilt software or something you made yourself?

Also, when you say 30% a week, you're saying on average your algo yields 30% per week profit? Just to clarify exactly what you're claiming.

None of that would at all reveal anything about the algo so assuming there's no issue with these q's.

Yesterday I started the testing with real money, but a very small amount. The tests will go for a few months with bull market and bear market before I spend more money. I didn't make any backtesting before but inspected the currencies how the price is affected by some special situations.

30% a week means, this special situation happens a few times a week in some of the currencies, and each time, I adjusted the BUY and SELL orders to profit 30%. So, if it happens one time a week, I will profit 30%. If more, the profit will be more for sure.