August was a bad month, again. BTC went down (-13.77%) and so did most other coins. Besides the losses, Nemesis was able to make a nice profit.
Also Gaia finally did a move (buy followed by a sell a few days later), resulting in almost 2% profit.
August started quite well with a Bitcoin price that went from 23.000 USD to about 25.000. However, in a few days, the Bitcoin price fell back to about 19.500 USD.
Overall Bitcoin had quite a tough month (-13.9%) after the gains that were made in July. Our BTC based bots suffered the most by the drop of the Bitcoin price. Because some BTC based bots trade in ETH, which had a quite better month than BTC (-7.4%).
Mild.BBKing.b0t managed to make a profit of 7.6% in last month, which was quite a good job. Also, Most LNV bots stayed out of the market or managed to make a small profit.
Also Hot.BBKing.b0t, did a good job, because it generated that much BTC by trading in ETH, such that the loss was limited to -2.7% (in EUR).
Overall a good month, after very bad months in H1 2022. Has the market now reached the bottom? Most of our trading algorithms dared to get into the market again.
In July 2022 they managed on average to get a profit of 4,66% in their basecoin and 6,52% in Euro. Top scorers were Go2Moon (67% profit), Small Coins 2 (28% profit), Bob6 (26% profit) and HODL top 3 (24% profit).
Now, of our 61 trading bots in total, already 14 of them are in profit compared to January 1, 2022. So if we have 1 or 2 good months again, I hope the majority of our trading algorithms have already recovered from the bad period of H1 2022.