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BrooksPatton / project-ideas

This is where I'm going to keep all my public project ideas.
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Crypto currency trading bot #5

Open BrooksPatton opened 6 years ago

BrooksPatton commented 6 years ago

Lets make pennies worth of crypto currencies and watch them fluctuate like crazy!

BrooksPatton commented 6 years ago

Here are my thoughts on this.

I'm not going to fight against the big bots that are playing with microseconds and making lots of money through tons of transactions. Instead I'm going to automate what I would do if I were trading every day. Not necessarily worrying about making as much money as possible, just trying not to lose anything.

BrooksPatton commented 6 years ago

Also, taxes will be a consideration. I might wait until more information comes out on how this will be taxed. Either that or I'll write it to use the sandboxed apis instead of using real currency.

BrooksPatton commented 6 years ago

I just created an account for the sandbox, and there is very little activity :cry:. I might want to create my own practice api for trading crypto currency that will include calculations such as fees and taxes. Currently the other practice apps don't take these things into account.