A Redditor has created an automated dip-buying bot that beats dollar-cost averaging into Bitcoin by roughly 10%.
While a bullish backdrop emerges in February, spare a thought for the traders trying to time the market. One savvy trader by the name of u/Samjhill on Reddit has built a trading tool that outperforms dollar-cost averaging (DCA) for buying Bitcoin (BTC). DCA is the strategy in which investors buy a small amount regularly regardless of price fluctuations. It works in contrast to traders keen to get the lowest entry, timing the dip to perfection and avoiding “catching a falling knife.”The aptly named “Buy the Dip Bot” aims to “get the best price for a given asset by using a limit strategy.” Inspired by another Redditor who suggested a manual limit-buy-order strategy for getting the best price entry, u/Samjhill took the idea one step further, coding up a dip-buying bot.The bot places limit orders at seve
We współpracy z: https://cointelegraph.com/news/trader-builds-bitcoin-buy-the-dip-bot-outperforms-dca
