Stable coin crypto bot?
- Thread starter N1ckG2
- Start date
LegendAndroidX
Power Member
- Nov 1, 2017
- 699
- 612
It should be low profit but 100 % passive wth zero risk.
how is that even possible ? also what do you mean by stable coins any examples ?
how is that even possible ? also what do you mean by stable coins any examples ?
speedy5044
Banned - Inappropriate behavior
- Jul 29, 2008
- 944
- 1,673
the margin will be 1% max , without considering the broker fees , its doable theoretically but the broker fees will kill this method
Better to keep bitcoin on some broker website and get 1.5% bonus ?
thought about this when arbitrage was worth it , but i didn't get good results (doing arbitrage on other coins (no stable coins) can only done if you believe crypto is here to stay)
speedy5044
Banned - Inappropriate behavior
- Jul 29, 2008
- 944
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Not if you do stable coin , actually this is a cool idea , but implementing this is a different story.
OP do the math with the fees and see if the return will satisfy you!
laur.laurix
Elite Member
- May 8, 2013
- 2,063
- 1,871
I'm doing it with litecoin....I pull like 300$ / day in profits....I paid like 2.8k for a custom bot and at the begining thought I got scammed but shit works.
The key is to know what you are doing , know the coin basics and community. I've tried with other stable coins but failed.
The key is to know what you are doing , know the coin basics and community. I've tried with other stable coins but failed.
N1ckG2
Elite Member
- Dec 17, 2011
- 2,670
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LTC is not a stable coin.
N1ckG2
Elite Member
- Dec 17, 2011
- 2,670
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If return is 0.1% / day is still great. 10k balance means $10 / day = 3650 per year equal to 35% APY with no risk. Even half of this is great.
Binance takes 0.0750% / 0.0750% if you hold some bnb and pay fees in bnb.
speedy5044
Banned - Inappropriate behavior
- Jul 29, 2008
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For $10 per day and 10k investiment, i would stick to trading (i know its more risky , especially now) but with the right coins you can do much more than $10per day
Just my opinion though , i agree with you that stable coins are much less risky
- Jun 16, 2020
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you need to factor fees here. I have seen people make money with USDT, there is a pattern there with USDT it goes down to 99 cents and then back to 1 USD. But its about volume though to be profitable.
You can find this interest rate for stable coin pairs on almost any defi exchange and you don’t need a bot. Just put your money in the pool and harvest the rewards. I use Snowball on avalanche
It’s really just not worth doing. Plus, those peaks and lows on USDT don’t last long or have much volume. It is very difficult to snag a large buy at .995 or sell at 1.005
- Jun 16, 2020
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I agree it's about huge volume though. I am sure there big whales doing that. Invest few mil for passive money
N1ckG2
Elite Member
- Dec 17, 2011
- 2,670
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Found a bot, not sure if it wil work.
Can you please tell me more about Snowball on avalanche?
It’s a decentralized exchange on the avalanche network where you can trade tokens, pool liquidity, stake funds, lend/borrow, etc.
If you’re interested in getting into this, here’s how:
Get a MetaMask wallet, set it up for avalanche. Transfer $AVAX into that wallet. Go to app.snowball.network and pick a Stablecoin pool that you like. Press “buy LP” and it will bring you to a page showing what funds you need to deposit for that pool. Go trade your avax for equal values of each token and deposit them back on that last page in exchange for LP tokens. Go back to snowball and deposit those LP tokens into the pool.
Watch your interest build and withdraw whenever you feel like it. Some pools earn interest in the $SNOB token too which you can either sell, or you can deposit these into a pool. Snowball is just one of these exchanges, there are tons of them
Dont treat it like a savings account with high interest, it’s not. It’s still an investment with risk, although the risk is pretty low compared to the rest of the crypto world.
Not financial advice
bbloverz
Junior Member
- Jun 30, 2020
- 156
- 33
Did you try it?
N1ckG2
Elite Member
- Dec 17, 2011
- 2,670
- 1,323
I gave up this. I run bnb eth grid bot for 4+ months, so far so good. You either make more bnb or eth - both are great.