I recently build a cryptocurrency trading algorithm that buys coins based on hot posts and their sentiment in relevant subreddits.
I decided to bite the bullet and to let it run for a few days and see what happens. I have given the reddit hivemind control over my crypto portfolio as an experiment as well as a curiosity.
I’m on day 5 now and my portfolio is growing. I own BTC, ETH, ALGO, XLM, ADA, SOL, LINK, DOGE, MATIC, XTZ and LTC. Bit of a mixed bag really.
Here’s the change in price in % on each day since the coins were bought. Each column represents a day. Coins with less than 5 columns, means they were bought more recently.
We’re on 1.4% profit overall which is a lot more considering I was bracing for a loss xD
The bot analyses the top 10 posts in hot, and checks for keywords from the top 40 coins by marketcap. If there’s a match with positive sentiment in any of the posts, the bot will buy.
I’ll keep this running for the next week or so and will keep posting my results.