One week later due to holiday. Overall (as we all might know) April was a very tough month for crypto. Bitcoin dropped about 17.3% and some other altcoins (like Cardano: -33.8%) performed even worse… This also reflects some of our bot results. Overall our bots suffered a loss of 15.5%. Off course, the biggest losses are shown in the bots with BTC basecoin.
Most of our bots only tried one or maybe two trades, therefore they were able to reduce the losses compared to BTC and other cryptocurrencies. But I’d like to focus on the three bots that really underperformed:
Spicy.Mama.Loves.Btc.b0t uses some sort of DCA technique to buy ADA. Because ADA is in a longterm downtrend, it closely follows ADA for those who invested in this bot a couple of months ago.
LNV.ToTheMoonRaker had two very bad trades in DOGE, in which the bot expected that the pump of this coin would last longer than just one day.
LNV.LicenceToThrill suffered a loss because of two bad trades in ADA and then got out of this traded sold ADA for BTC
The major coins had a bad month. Both BTC and ETH went down around 17%.
Most bots did something similar and the opportunistic bots went down even more. That’s because these bots are prepared to take some risk not to miss the rise of the market. But there was no rise.
As soon as the market will really go up, these bots will make great profits, as you can see in the
backend testing results of the teasers. However, nobody knows when the market will go up again.
On the other hand you have the careful bots. They were able to make profits or keep the losses to a
minimum. In bad times, these bots are your best choice.
This was an explicit request of RevenYOU management. Hereby the integral explanation. We regret but have honored this request.
In general, transparency is a very big deal and we want to support our customers and prospects, where possible, to arrive at the best investment decisions.
There are many arguments for offering a comparison tool, however, it is very important that its users have a good understanding of what exactly is being compared.
Active investing in (crypto) markets has shown that individuals (and many professional investors) do worse on average than if a buy and hold strategy had been applied.
An average active private trader (see also the warnings on trading platforms of e.g. CFD providers) loses a significant part of his/her invested capital due to “suboptimal” trading decisions.
BOTS offers them an alternative, which through its automated trading strategies, prevents a large part of these sub-optimal trades and provides a nice return.
Currently, we do not compare the results of the BOTS with the results of active traders and potential new clients may drop out because the comparison with successful individual coins and/or baskets of these may seem like a better alternative at first glance. This creates the danger that newcomers may still choose to trade on their own which would be an undesirable choice for the return of the average customer (and for BOTS).
As soon as we have been able to properly inform our clients and prospects about this crucial difference, we can of course reconsider offering the comparison tool, possibly with some explanation, after all.
For now the answer is, the Popolary Polls under the Tips menu. Also see the Post Index (under menu About) under “P “, Popularity.
March 2022 was an excellent month again, after a couple of months with declining prices. The average increase for our bots was 14% in crypto and 16% in EUR. This means that our bots are almost back on the level of November 2021 again (the highest top of the market).
The performance issue was led by our HODL series which managed to pinpoint the correct assets that got the biggest increase. HODL top 40 managed to increase even with 110% in March 2022.
Of all of our 55 bots, only 4 managed to decline of which 2 BTC-based bots (that declined in BTC but increased in EUR). Our 2 new bots (Relativity Theory) declined but they only were introduced late in the month of March 2022.
From a long-term perspective, the crypto market looks to have found its bottom and the next few months might see more positive developments again.