I’ve been using a trading bot that buys coins based on what reddit thinks about them for over a month now, here are the results
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I coded a crypto trading bot that buys cryptocurrency based on how reddit feels about that particular coin, with a specific criteria:
With that in mind, I created a bot that looks at reddit posts from various different subreddits, looks for keywords matching any of the top 40 coins by mcap, and tries to analyse if the title or the description of the post is positive. The only condition here is that the post needs to be in top 10 hot in order for it to be taken into account. With that in mind, here are the results: The bot bought the following coins: BTC ETH ALGO XLM ADA SOL LINK DOGE MATIC XTZ LTC VET DAI CAKE DOT EOS AAVE XMR MKR ATOM. Apart from a couple, there are all coins that I would invest into myself, so it appears that the reddit hivemind is wiser than I thought! Here's a chart for daily % changes for each coin: And here's a scatter plot for the same: 1 month in, and bought before the most recent dip as you can see in the charts and I am on an average of 11% profit. Can you imagine that? I made 11% profit by using a bot that buys based on what we discuss here every day! If anything, this means that the quality of coins talked about in this subreddit decent enough for an algorithm to pick that up and make profitable investments with it, and for that I want to say thank you! I forgot to mention that the tool can be used in test or live mode so if you're keen to figure out how it works here's a guide I wrote on it: submitted by /u/CyberPunkMetalHead |
