Here’s how I gained 31.68% Bitcoin with the Bot
In the last 39 days, I’ve gained 31.68% Bitcoin with the Grid Trading Bot. Here’s the tips and what you should be aware of before using this strategy.
This is an advanced strategy for Bitcoin holder.
In the crypto space, some of us would like to hold a long-term position on Bitcoin. For these Bitcoin, we don’t want to sell them at the current price. We want to wait for the next bull market and take profit after that.
So if you’re running BTC/USDT trading pair, it keeps selling your Bitcoin into USDT when the price goes up. That’s not ideal for what we want to do for our long-term Bitcoin position.
Here’s the tip, use your Bitcoin and start a bot with ETH/BTC trading pair. It will earn more BTC instead of USDT.
What is ETH/BTC trading pair anyway?
Unlike the stablecoin trading pair that you may be familiar with, such as BTC/USDT, BTC/USDC and BTC/USD. The ETH/BTC trading pair is the one you can buy ETH with your BTC without selling them to stablecoin.
The above chart is the price of ETH/BTC trading pair. It shows the price is currently at 0.06723, which means you can use 1 ETH to buy 0.06723 BTC. Basically, it’s the ratio between Bitcoin and Ethereum.
What determines the price movement of ETH/BTC?
As shown in the below chart, this pair also fluctuates just like how other crypto does. When the price goes up, it means ETH outperforms BTC at that moment. (so you can use 1 ETH to buy more BTC) But if BTC outperforms ETH, then the price goes down.
And looking back to the history of the price, it tends to stay within specific price range most of the time. Here’s the chart of ETH/BTC from 2018 to 2022. As we can see, in the whole year of 2021, it went up and down regularly with in the range of 0.06~0.09.
This periodic movement is the best for using a Grid Bot.
How to start a bot and earn Bitcoin?
Here’s the step-by-step tutorial: https://www.pionex.us/blog/how-to-start-pionex-long-term-bitcoin-earning-strategy
Tips before starting the bot
- For using this strategy, it only accepts BTC as initial investment.
- In order to earn some Bitcoin with the bot, you want the price of ETH outperform BTC. So choose your entry price carefully, because entry price still matters!
- Following from the tip number one, averaging in with several bots instead of use all your Bitcoin in one single bot.
- The worst case for you with using this bot is that you might be ended up buying ETH with all your BTC.
Comment below if you have any question!
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Trading in the crypto market carries a substantial risk and the possibility of making both significant profits and losses. Please trade cautiously, Pionex.US could not assure any profit. Risk Disclaimer