Earn referral bonuses on automatic Litecoin Bot

While pondering what software project I will sink my teeth into next, my son decided that he would have a crack at writing his own automated trader to buy and sell the top 100 coins, arbitrage etc. Whilst doing my research on existing robot traders (“bots”) and manually trading (on a small scale) via Coinspot, I came to the conclusion that the only thing that determines success in this space is pure luck. Bot traders are only as good as the underlying investment and can’t perform miracles. As an example, imagine that you bought coin X which continues to go up in price (i.e. a “bull” market). In this case the Bot hasn’t got much to do as further buying/selling won’t increase the profits, it will only decrease them do to the exchange fees charged for transactions. You could argue that the Bot is always on standby ready to sell the moment the market turns however this could just as easily be done manually. Conversely when the market is heading south the Bot is only as good as the rules that you’ve defined such as when to buy or when to sell. Ultimately, the Bot is limited by the balance that you have to trade and the rules of the game (bull market, bear market or somewhere in between). Perhaps a market that’s up one day and down the next is a perfect environment for a bot but do you really need the stress and heartache involved in monitoring prices on a minute by minute basis. The Github repository (a tech hangout for software developers) for the top recommended free open source bot (“Zenbot”) warns investors that it’s buggy and can make losses just as easily as gains. For this reason it’s only recommended for tech nerds that want to experiment with the technology rather than real traders wanting to make a profit. This is interesting given that it’s a whole community of developers that still can’t get it to work properly. What hope do I have as a single developer trying to make a better mouse trap? The more I looked into Bot traders the colder I got on the idea. I believe that there are some good Bot tools available for serious investors to purchase but these are outside of my price range and require expertise to use properly (e.g. Profit Tailer). Frankly, I don’t see myself as a day trader and can’t justify the thousands of dollars charged by professional bot tools. I’m also sceptical of technical analysis, chart analysis etc. as it doesn’t take into account the very real possibility of market manipulation. At only 500 billion in market cap the crypto market is still insignificant in the global finance arena and easily manipulated by large investors. After the demise of the BTC Global Team, I am a little gun shy when it comes to investing into High Yield Investment Products (HYIP). These are the latest craze on the internet with advertised returns of +3% daily compounding and many have proven themselves to be scams. They typically require investments of $100 or more (paid exclusively in Bitcoin), operate anonymously and outside of the various laws and regulations required by government regulators. Many advertise fake contact details including their place of business, registration number, phone numbers, etc. and can only be contacted via encrypted chat programs such as Telegram or WhatsApp. Although these schemes develop reliable reputations whilst they grow their business and attract more investors (usually via MLM) making regular payouts to existing investors, they eventually disappear overnight with a large booty of Bitcoin. The only investors that prosper in these environments are the ones that get in early enough to reclaim their initial investment (plus some) and get out before the music stops which could be months or years depending on the success of the investment scheme. As the crypto market has been in a downward turn since Christmas many of these schemes have stopped paying or reduced payments to only the high dollar accounts (keep the big money players happy). This is always a good sign to get out while you still can. This poses the obvious question … can an investment really achieve the advertised returns of 1000’s of percent? The accountants, lawyers and bankers are sceptical and it doesn’t take long to find negative press on the subject, however can their opinions be trusted given that they are to first to admit that they know nothing about crypto currencies or blockchain technology? These are the same people that never gave Bitcoin a serious thought and probably would have invested in horse watering troughs rather than roads and petrol stations. Bitcoin grew from 0.1c to let’s say, $15,000 from 2009 to 2017. That’s equivalent to almost 15 million percent profit or averaged over 8 years, 1.8 million % per annum. With this in mind, the answer to the question is obviously yes so anyone that says otherwise is an ignorant idiot that should be ignored. The question that now needs to be asked is whether this rate of return will continue? I can’t predict the future so all I can do is take an educated guess. Is the market in a bubble? Yes. Will it continue? Most probably (at least for the next few years) so will AltCoins continue to rise? In my opinion, yes. Bitcoin has reached a market cap of 250 billion dollars and amounts to about 50% market share. Will Altcoins continue to erode Bitcoin market share? My belief is yes, given that the only thing Bitcoin has going for it now is brand recognition. Bitcoin is slow and expensive to use and is almost a dinosaur whereas the new kids on the block (smart contract blockchains such as Etherium, EOS, NEO, ICON etc.) and Bitcoin derivatives such as LiteCoin and Bitcoin Cash will continue to evolve. Without factoring any growth into the total crypto market cap (let’s say 500 billion dollars today), it’s not unreasonable to assume that Bitcoin will lose another 10-20% market share to the new entrants which will significantly increase their value. On the other hand, if Bitcoin grows to $20,000 by the end of 2018 (as many pundits are predicting) this is a doubling in market cap so the rates of returns on all the AltCoins will be reflected in this. The large players in banking and finance talk about trillions of dollars market capitalization so it’s not unreasonable for Bitcoin to reach a market cap of 1 trillion dollars eventually. This is a 10x growth on today’s price and probably still conservative. I would have thought that a reasonable assumption is that the crypto market will grow to let’s say, 10% of the total finance market which is currently estimated at 80 trillion dollars. This means that at 10% market share the crypto market would be world 8 trillion dollars. As Bitcoin is 50% of the market (assuming that the Altcoins don’t further erode its market share) it still has another 16x to grow. So the short answer is, I believe, there is still significant growth in this industry. What’s the safest way to invest into this market with a view of high risk/maximum reward investment strategy? As I see it there are a number of options: 1. Take a punt and throw some money into a HYIP scheme (e.g. “BTC Global” style investments) 2. Take a punt on new ICO’s entering the market (some will win big, others will lose everything) 3. Take a punt on lower yielding investments that can ride out the storm I personally prefer option 3. I would rather earn 1% a day (compounding) if I can be reasonably confident that I can cash in on the profits in the future. The 3% per day schemes might pay out in the early days but probably won’t be around in the final days (when it’s time to cash out). I have looked at the LiteCoin trading bot and the Etherium trading bots. Both are returning 1.4% daily and both have consistently paid out. Although either of these (in my humble opinion) are worthy of your attention, I prefer the LiteCoin bot as I believe in LiteCoin technology whereas Etherium Technology is now almost obsolete and at threat from other competitors (NEO, EOS, ICON, etc.) Will Etherium still be around in a few years? Some would argue yes whilst others would argue no. Either way, it’s a risk so I’ll stick with LiteCoin. If Bitcoin can be compared to Gold, LiteCoin can be compared to silver. There’s 8 times as much of the stuff in existence, it’s cheap and easy to transact with and (assuming that something new doesn’t replace it) it will probably survive the inevitable crypto crash. I’ve modelled the two bots in an excel spread sheet with the following results: Example 1: $100 LightCoin invested Assuming that each time the balance reaches an amount capable of re-investment (0.1 LiteCoin) you invest 100% of the profits, your $100 is worth $368.30 at the end of the 99 day contract (268% return on investment in 3 months). If you now re-invest the $368.30 for another 99 days it grows to $1,434.93 Repeating the cycle for two more quarters shows the following: At the end of 12 months your initial $100.00 is now worth $22,504.19. Example 2: $1,000 invested, Using the same strategy as above, continually reinvest the profits for a year and the final balance is $245,396. I almost did a double take when I first saw the results in my spreadsheet and believed that I had made a mistake so I checked and double checked. I have now published the spread sheet on Google Docs for anyone that wants to triple check my work or do their own modelling. I am more than happy to be proven wrong and would appreciate as many eyes as possible checking it over. Note that the examples that I have given don’t take into account any price movement. If the coins go up in value, the actual returns are better, however if the price of the coins goes down then expect the overall results to reflect this. The opening tab in the spread sheet allows you to set the buy and sell price of the AltCoin so you can see how it reflects on the end price. After setting the initial values in blue (investment amount, coin buy and sell prices) the tabs will auto calculate the Bitcoin, Etherium and Lightcoin bot balances. Note that each contract runs for 99 days with a minimum re-invest of 0.1 LTC (about $20.00 Aussie). This means that small investment amounts take a long time to earn enough LTC to re-invest whereas higher amounts enable re-investment sooner and therefore start compounding earlier. A golden rule of investing is “If it sounds too good to be true it probably is” so is this just another of the thousands of scams finely tuned to steal investors’ money? As I’m not on the inner circle of the individuals behind this idea I can’t say with absolute certainty however … • It passes the sniff test (eg., the returns are theoretically achievable) • Their company registration checks out I should point out that many Ponzi schemes are often registered in the UK as incorporation doesn’t cost much there and post office boxes are allowed as corporate head office addresses (regulatory requirements) however in this case the entire corporate extract is displayed on the website showing the directors, shareholders and home address. Ponzi schemes generally hide this information. This indicates to me that the shareholders and directors have a genuine business model and are not trading from the shadows. • They are transparent about what they are doing The website has some information on the organisations that they invest in. They openly admit to investing in a diversified portfolio of HYIP schemes with a view that the risk is reduced by diversifying across a range of sectors (Mining, HYIP and others). i.e. They invest in the Ponzi schemes so you don’t have to. In return for earning 3% a day they carry the risk of investments going bad and only pay out 1.4% to investors (plus referral bonuses of 10% on the first level, and smaller bonuses on levels two and three) which is far more sustainable in the long term. Their website documents the “partners” that they invest with and you are free to invest with them directly if you would rather punt the higher returns and associated risk. I am happy to take a punt on this and will be progressively increasing my Litecoin investment over the next 12 months (as finances allows). Anyone interested can use the following links. These are Telegram app links so you will need to make sure that Telegram is installed on your smart phone before joining the bot groups. LiteCoin - https://t.me/iCenter_Lite_BOT?start=qx9a1w43135 Etherium - https://t.me/iCenter_ETH_Bot?start=i2xmib20578