A 45-Day Experiment With a Set-and-Forget Cryptocurrency Trading Account As the cryptocurrency market endures one of the longest pullbacks in its 10-year history, seasoned traders continue to realize profits. If you’ve got the skills — as well as the patience and discipline — for drawing lines on charts while trying to predict the future, there’s a fortune up for grabs in the crypto markets. Yes, even with the market currently in the gutter, adept technical analysts catch green candles on the regular. Now, if you’d rather not fork over a monthly subscription fee for a signals service, you’re welcome to stare at charts all day. And should you genuinely want to go that route, you’re in for some serious training. Get ready to familiarize yourself with moving averages and Bollinger bands, slippage and death crosses, longs and shorts, Fibonacci retracements and Ichimoku clouds, plus a slew of indicators, trends, and setups. Point is, trading requires practice with plenty of learning, trial and error, and maybe even some lost funds. Who’s got time for that? Maybe you do. But today, we’re discussing . automation Dex 3.0 — after a quick setup I’ll teach you here — makes crypto trading a breeze. You’re free to relax on the couch and watch Netflix — eating gooey, chocolatey frosting by dipping your fingers straight into the jar — as your algorithmic trader pulls profits. Now, before we get too much more in-depth, I need to be upfront with you. I’m here to share the results of a experience using an AI-powered crypto trader. personal I’ll show you how to set up a bot of your own, but once it’s running, the ball is in your court. That said, assistance is readily available should you need some. Now, just because Dex has been kind to me, doesn’t mean he’ll be as helpful to you. And, you know the drill… o our wn esearch… past performance is no guarantee of future results… but wait, there’s even more… D Y O R Disclaimer : This is not investment or financial advice. I’m not a financial expert by any stretch of the imagination. Information within this article is primarily speculative opinion. Always conduct your own research before involving yourself with any project, in or out of the cryptosphere. I may or may not receive an allocation of tokens for creating this content. That said, I do my best to remain unbiased and fair. I try to avoid all FOMO and FUD and don’t wish to elicit those emotions in my fellow cryptonauts. Did you make it this far? Congrats! You’re in the top 1% and deserve nothing short of a medal. Now that we’ve cleared that hurdle, let’s pick up the pace… 3 Tools Unlock Your Robot Now, the trading automatically making trades for your benefit is free_._ But unless you’ve got skin in the game, you aren’t allowed to play. service — — After all, unless you have funds on the line, there are no profits to make. In addition to some crypto capital, you must have the proper accounts set up before you can start trading. To help you streamline the process here’s everything needed to acquire and do before auto-trading commences: 1) Pass KYC with Truwho Sorry, there’s a selfie involved in this process. No, I don’t like juggling a phone and ID and Post-it note, either. Before you fire-up your bot, you’ll need a . You’ll find this in your dashboard after completing the KYC process. Gold-level TruID Truwho account Your TruID consists of “TRU-DO” followed by eight numbers: Keep this ID handy — you can’t put Dex to work without it! 2) Open a Free Dropil Account Since the onset of this experiment, the has continued to expand and improve their product offerings. Dropil project The team is very active with news, updates, and ecosystem enhancements. The project’s services are more diverse than autonomous trading, but for the sake of this article, we’ll stick to Dex — the algorithmic trader stacking the project’s native $DROP tokens for us. The current leader in $DROP token trading 3) Acquire Tokens Although there’s no charge to employ Dex, you must begin your self-governing trading journey with an injection of capital. Since Dex won’t run on fumes, you’ll need to . feed your bot with a minimum of 50 USD Over on the , $DROP trades against $BTC and $ETH. The Dropil project’s native cryptocurrency also trades on Tidex and IDAX. BitMart Exchange Using Dex 3.0 If you have basic experience using cryptocurrency exchanges — for instance, you already know your way around or or — you’ll have no problem navigating the user-friendly Dropil platform. Binance KuCoin Liquid Here’s how to activate your robot after completing the three steps above: Integrate Once you have some $DROP tokens in your BitMart wallet, it’s time to feed your bot. However, you can’t just plop them right into Dex. — which serves as the gateway for all of the project’s services. First, you’ll need to deposit tokens into your master Dropil account Log in to your dashboard to see what’s in store for you: Jade is currently in waitlist status To make a deposit, click the ‘droplet + southwest arrow’ icon towards the top-right of the page: SW for deposits; NE for withdrawals After clicking the deposit icon, a pop-up window provides a $DROP deposit address. Copy the digits and make a withdrawal from BitMart or whichever exchange is holding your tokens. (shown two pictures up from here) to enter your Dex 3.0 back office. Click the ‘Dex Autonomous Trading’ section Once you’re inside, it’s time to give Dex some gas. Click the ‘+ ADD TO DEX’ button to port funds from your master Dropil account over to your Dex account: Designate Like the digital frontier in (the movie, not the cryptocurrency), Dex runs on cycles. You won’t be playing Frisbee of Deresolution or making 90-degree turns on Light Cycles, but every 15 days marks a full trading circuit. Tron Dex’s profits come via trading pools which are mostly robotic with a touch of human oversight. Play it safe, or go for a higher risk/reward ratio. The choice is yours, and you’re always in full control over your funds. Allocate After putting Dex to work, you’ll want to decide what to do with any realized gains after cycles complete. During my first cycle, Dex was still in the 2.0 phase. The ability to create a mixed strategy came online with Dex 3.0. Now that the sliders are available, it’s easy to play around with a method matching your risk tolerance. For the initial cycle, I placed 100% of my funds into the ‘moderate’ category. I then chose a more aggressive approach for profit reallocation: Use the sliders to choose your tokens’ adventure Marinate Now comes the good part. The passive income part. The set-and-forget part. Temporarily, anyhow. You’ll want to check in from time to time to see how Dex is doing. Now, it’s important to note that there’s no hold period on your tokens. Withdraw them whenever you want — without incurring fees or penalties. If at any time you’re not satisfied with your bot’s hands-off trading results, you can transmit $DROP tokens back to a crypto exchange. Robo-Trading Results Now that three cycles are complete, it’s time to reveal the numbers. Plus, since all profits are set to roll over, there’s a compounding effect every 15 days. Here’s what Dex has accomplished for me so far: Cycle 1 (Moderate) = 1.3% Cycle 2 (Aggressive) = 2.53% Cycle 3 (Aggressive) = 1.43% Overall increase in $DROP tokens after three full Dex trading cycles: 4.23% That’s not too bad for a span of 45 days! If only fiat accounts could match that performance. Oh, wait, they and often perform even better. can However, the banks prefer lending our deposits and taking the bulk of profits for themselves… but that’s a topic for a different article. Final thoughts… Although detailed robo-trading setup instructions are within this article, merely follow along with what the Dropil site provides and you’ll be just fine. From setup to trading, the entire process is very straightforward. But now that I’ve shown you where it is, you can breeze right through! The only hiccup I had was finding the little button to make an initial deposit. Simplification is the crypto industry’s best opportunity to propel mainstream adoption. When all of us are using apps and DApps without even realizing there’s a blockchain powering them, we succeed in our mission to make crypto easy for everyone. And with ease of use comes the inevitable price spikes we’re all craving in this down market. Automation is a growing segment of society’s future. From clothes to dishes to commercial jetliners, we increasingly rely on robotic, artificially intelligent machinery and software to conserve one of our most precious resources — time. Well, sometimes a little elbow grease, too. What sets profitable traders apart from the rest boils down to the same fundamental element — time. The good ones spend years training, then devote hours and hours of every day to analyzing trends and indicators. Trading crypto is stressful and requires extreme self-control. It’s far too easy to become overconfident and make bad decisions — draining your account in the process. And that, my friends, is where Dex 3.0 comes in. Sure, elite traders realize healthier profits. But for the rest of us — who — Dropil’s Dex is a fun alternative to endless chart analyzation. don’t have time for that So, if you appreciate the ( )of using crypto as a means for passive income, the Dropil team has gone out of their way to make it easy for all of us. concept not the ! guarantee By the way… If you enjoyed what you just read and would like help getting your crypto message to the masses, I’d love to hear about your project. Even if you only want to chat about crypto or your favorite blockchain innovations, you can find me here: blockchainauthor at Gmail And, you can always reach out on Crypto Twitter
