A step-by-step guide to setting up your KuCoin DCA Trading Bot and earning passive income even in winter

By SirGerardThe1st | Tokenomics | 27 Jun 2022


One of the great advantages of living in a village of 1,500 inhabitants is that you are always surrounded by company presidents: the owner of the grocery store, the owner of the bar, the owner of the supermarket, the owner of the fish market, the owner of the clothing boutique, the shoemaker, the carpenter, the owner of the service station. We are all presidents and founders. This situation is not possible in the big city and frankly, this type of social contact is much healthier and more fun than what is usually done with WhatsApp. The Big City is inhabited by an overwhelming number of employees, that is, people who work for others. Instead, here we are all entrepreneurs and each of us works every day for himself/herself. I have been in the cryptosphere since 2011, and it is for this reason that I have so enthusiastically embraced the lifestyle proposed by this ecosystem. In the cryptosphere, if you study conscientiously and do careful personal research, you can really be the owner of your life and achieve the long-awaited but never well-considered financial independence. I can say that Bitcoin at that time seduced me with this promise, and it's been 11 years of well-being.

As the rhythm in which one lives in a place like this, surrounded by forest and sea, is very peaceful, we all have a lot of time to mess around. Remember that my motto is “being rich is having money, being wealthy is having time”.

My friend Demetrio, a Greek by origin, has a small boat with which he goes fishing every morning, weather permitting, and then sells his fresh fish, a delicacy for all the villagers.

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Image by Dimitris Vetsikas from Pixabay

Last week, having a mid-morning coffee with Demetrio, I found out something that, because it was coincidental, could be one of those things that greatly influence your life, and that at that moment you don't realize. Demetrio told me in what strange way he bought fuel for his little boat.

At first, he went to the service station and filled a 100-liter drum, paying for it with cash on the spot. But then, seeing that the price of fuel was very volatile and that it was different every week when he went to load it, he made the following question.

What happens if I ask the owner of the service station to sell me $10 worth of fuel every day for 10 days and to put it in my tank? I transfer $10 to him every day with my smartphone, and he fills my tank with the fuel equivalent to $10. After 10 days I go to look for the drum and bring it with me, with the amount of fuel that I have been able to load with this method.

In this way, Demetrio speculates that by buying $10 every day, he will buy the fuel at an average price, and he will not have to go through surprise changes in price. As prices always rise in Argentina, buying at a lower price than the day you are forced to buy is already a good deal. But it could be the case (not very likely) that the price of fuel goes down. In that case, with $10 the owner of the service station will load more fuel. If that happens for several days, then the 100-liter tank will be too small. This was solved by Demetrio taking another smaller tank to the service station for the excesses if any.

Demetrio went to his desk and brought me the latest sale from the service station:

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Very happy, he explained to me that if he had bought $100 worth of fuel the first day, he would have gotten 90.90 liters of fuel. If instead, he had bought $100 of fuel on the tenth day, he would have gotten 83.33 liters of fuel. With its advanced methodology, it obtained 91.11 liters of fuel at an average price of $1.12.

The most interesting thing about the method is that, at an average price of $1.12, Demetrio would have needed $102.04 to buy 91.11 liters of fuel that week. But even more interesting is the fact that on day 10, Demetrio has 91.11 liters of fuel, which, at the price of day 10, is worth $109.33.

- I love your method! It’s very smart! It's nice to have smart friends!

- It's good. In fact, Jorge, the owner of the service station, is proposing it to the fuel distributor he buys from.

- I find it terrific. Everyone should shop like this. You should patent the method

- Nah. It's not that bad. I don't think I'm the only one who does such a thing. I call it the DCA method, after my initials, Demetrio Clodomiro Artikis.

My business-oriented mindset hit me out of the blue.

- We could make a fortune on this.

I went back home thinking about all of Demetrio's numbers and the infinite capacity of entrepreneurs. It's extraordinary. With that method, if you don't win by price, you win by quantity. Depending on what your business is, even if it is just simple speculation with an asset, you can always achieve a winning strategy.

But there is something else. When Demetrio told me that he had baptized his method with the name of DCA, something appeared in my mind. Kind of like I had already seen those initials.

As I sat quietly at my desk, I saw a Facebook message that, as usual, brought back a memory of a post from the past. Another cross to the jaw! It was a YouTube video I had uploaded a while ago of Daniel Craig, my second favorite James Bond:

Daniel Craig’s Advice for the Next Bond

Can you see the initials of the first three words? (If you want to see the video, here it is).

This was like too much. DCA was definitely my lucky number.

Then I received an epiphany. Everything cleared up as if I had been in a cave and suddenly a crack appears through which the sun enters. Of course! I had seen those letters DCA in one of the KuCoin Trading Bot strategies! DCA stands for Dollar Cost Averaging!

I have been using the KuCoin Trading Bot weekly and with very good results for more than a year, but who knows for what strange reason, so far I had only used the Spot Grid Trading Bot, which is one of the 5 trading strategies of the KuCoin Trading Bot.

I got to know KuCoin thanks to Publish0x, when it started its practice of very conveniently sending tips earnings from authors and readers to this exchange that, back then, was not as big as it is now. Today KuCoin is one of the main references in the crypto market. For me the best. I use KuCoin in 98% of my crypto trades.

KuCoin was launched in September 2017 and is headquartered in Seychelles. In 2018, KuCoin secured $20 million in Round A funding from IDG Capital and Matrix Partners.

KuCoin is now widely known as the “People’s Exchange” as it is made for all types of investors, even those with no experience in the markets. It is without a doubt the most important altcoin exchange, with 700+ assets and 1,200+ trading pairs. It is the best place in the cryptosphere to look for “gems”, that is to say, very promising projects that are about to be launched and that can reach very high multipliers. A good number of gems like BLOK, CHMB, VR, KMA, and DAO, were first listed on KuCoin.

In KuCoin you can do Spot Trading, Margin Trading, P2P fiat Trading, Futures Trading, Staking, and Lending to more than 18 million users in 207 countries around the world. There are so many things that can be done in KuCoin, that there are not enough hours of the day to get fully involved. For example, you can earn very high rates in KuCoin Earn for many coins, earn daily Candies that are then used to deduct fees in transactions, earn the daily bonus for staking KCS, the native token of the KCC chain, and multiple ways to earn on the Rewards Hub and on the KuCoin Win. And of course my favorite, the KuCoinTrading Bot. According to CoinMarketCap and Coingecko, KuCoin is a top 5 crypto exchange. Forbes Advisor named KuCoin as one of the Best Crypto Exchanges for 2021. In 2022, The Ascent, a Motley Fool service, awarded KuCoin as the Best Crypto Exchanges and App.

KuCoin is one of the cheapest places to trade, due to its low commissions. In addition, there are discounts of all kinds for trading fees, especially for holding KCS, the native token. This is especially important for the small investor who doesn't have to worry about commissions eating up his/her profits.

Seeing the hubbub of the multiple KuCoin communities on Telegram and Discord on a daily basis, I think it's very good to consider KuCoin the best. To talk about the communities that were created around KuCoin, an entire book would have to be written. See for example the KuCoin Trading Bot Telegram and Discord communities.

Before I continue with my story that ended in discovering the DCA strategy in the KuCoin Trading Bot and deeply understanding the basics of a Trading Bot, I want to talk a bit about the general concept of a Trading Bot and its usefulness in the cryptosphere. In the step-by-step that I describe below and in my two weeks of experience that I am going to detail, I think I am facing a before and after in my life as an investor.

I am not the only one, as, at the moment, 6 million Trading Bots were created by KuCoin users worldwide.

The concept of a “Trading Bot” is based on an intelligent trading tool to automate the trading strategies that act with your authorization without you having to do repetitive work. The Trading Bot does its job 24/7 while taking advantage of the “best timing” for a trade opportunity. Automatically tracks and arbitrages from market volatility.

Cryptocurrencies are widely known for being insanely volatile, with prices that can swing wildly in a matter of minutes. A trader often cannot react in time to these changes to achieve an optimal trade that, theoretically, are available to him/her. On the other hand, a common investor like me does not usually have the necessary time to conscientiously dedicate himself/herself to the extremely complex world of trading, full of fundamentals and multiple technical tools to analyze and understand trends and opportunities. Actually, I don't think anyone can do it, because you would have to have hundreds of screens on with the different markets around the planet at all times. Impossible.

Trading Bots are automated tools that do that task for humans. Trading bots are very easy to use and do not require any programming knowledge. You choose which pairs you want to use for your trade, set your conditions, or accept the ones proposed by the robot, which is much better for beginners, and the trading frequency, and that's it. After thousands of AI hours poured into the platform code, the Trading Bot is going to make what is sure to be the optimal trade.

The advantages of using a KuCoin Trading Bot are obvious.

First, there is the issue of taking advantage of the trading opportunity. In trading, finding the exact timing is essential. KuCoin Trading Bot does this for you and you don't have to watch the screen to find the right moment to buy or sell, thus maximizing your profit. KuCoin Trading Bot executes trades 24 hours non-stop.

Second, there are market fluctuations and risk reduction reasons. KuCoin Trading Bots will continue to arbitrage following the flow of the market. For example, in an extreme rising market, KuCoin Trading Bots will help you accumulate profits through various strategies, while in an extreme falling market, they will help you control your losses with the best strategies available to reduce your investment risk.

And of course, the KuCoin Trading Bots are unbeatable for you to save yourself the repetitive work. For example, if you do a task every 12 hours, for example, rebalancing your portfolio, you can program your KuCoin Trading Bot to do that job for you automatically and without you having to worry anymore.

KuCoin Trading Bot has 5 different strategies, of which, as I said before, I had only used one of them so far, the Spot Grid, probably due to my inexperience in the world of trading. It was always a way of letting the AI ​​do what I don't know how to do, and the truth is that it went very well for me.

Here you can see a video that explains very well what the general strategy of the KuCoin Trading Bot is.

 

So, the 5 strategies of the KuCoin Trading Bot are as follows:

1) Spot Grid or Classic Grid. It is a trading strategy that seeks to profit from market fluctuations by positioning buy and sell orders. AI parameters make the trading bot configure parameters based on the historical data. Parameters can also be set in a customized way.

2) Futures Grid. Earns you money by buying low and selling high, but differs from the Classic Grid bot in that it is subject to liquidation risk just like current futures trading.

3) Smart Rebalancing. You have a portfolio of coins. When the portfolio imbalance exceeds the ratio or, on the date of rebalancing, a rebalance will be triggered. By selling coins with high ratios and buying coins with lower ratios, the strategy adjusts the coin ratio to the target.

4) Infinity Grid. It's an evolution of the Classic Grid that only requires a stop price to ensure that traders don't miss out on profits once they hit a target price.

5) Dollar Cost Averaging. My famous DCA. It's an investment strategy in which an investor divides up the total investment across periodic purchases of a target asset to reduce the impact of volatility on the overall purchase.

A quick comparison of the 5 KuCoin Trading Bots can be seen here

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DCA Trading Bot, short for Dollar-Cost-Averaging, (forget please my friend, Demetrio and Daniel Craig), is a strategy that divides the total investment into small periodic investments to reduce the impact of volatility. For example, if you are bullish on BTC like me, you can allocate 5% of your monthly income to buy BTC every month. Normally, you have to do this by hand and by yourself. But the KuCoin DCA Trading Bot solves the problem for you. This bot will make the purchases that you indicate automatically of the tokens that you have chosen, and in the time intervals that you indicate. The only thing you have to do is program the bot according to your convenience. Conceptually, this means that you are going to optimize your entry price since it is going to be an average of all the buying intervals.

DCA is a widely used strategy in the financial world, and it works best at the start of bull markets. Best of all, with the KuCoin DCA Trading Bot, you can set an "Investment target" to withdraw profits. For example, if your profit target is 15%, you program it in the Bot, and then when that target is reached, the bot notifies you and you can decide whether to take the profit or not.

So I jumped right in to try out the KuCoin DCA Trading Bot for the first time with the following plan. My idea was to test this Trading Bot for two weeks, in two stages of one week, investing $70 dollars every week in 7 investments of $10 every 24 hours, and see the result to compare it with the numbers that Demetrio had shown me a while before in the cafe.

I must say that I buy satoshis every week because BTC is not for me a speculative game but a dramatic change in the rules of the game of banking, finance, and planetary accounting, and in that, I am totally played. But we leave this for another post.

Just as 11 years ago I discovered that BTC and its decentralizing ethos fits perfectly with my conceptual idea of ​​ “living in anarchy”, I found KuCoin DCA Trading Bot to be a brilliant strategy and fully adjusted to my long-term, medium-risk lifestyle, not to mention that, in addition, it leaves me even more free time to have coffee with my friends.

What nobody didn't know was what week was coming up! Just the worst week of the year!

The fall of BTC in that week was spectacular, around 38%!!!!!!!!

But, in any case, the numbers that I show you can be used by future investors in this KuCoin DCA Trading Bot to observe the power of this strategy.

 

Here is the step by step of my investment in the KuCoin DCA Trading Bot.

 

FIRST STEP. If for some reason you still don't have a KuCoin account, hurry up before someone finds out! Here is my referral link. You do not need KYC to operate Trading Bots. But if you are going to operate with significant amounts of crypto, you better do KYC because the exchange will ask you for it. If you want to manually enter my referral link, here it is rJE8S2S.

SECOND STEP. Entering the application, from the Dashboard select the “Trading Bot” option. An important thing. Everything I show here is done from the application on the smartphone. My ratio for crypto is 85/15, smartphone/PC, but the same can be done from the website.

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THIRD STEP. In the Trading Bots Dashboard, select DCA.

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If you are interested, here you can watch a very interesting short tutorial.

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You can skip the tutorial and directly start programming your robot by clicking on “Create”.

 

FOURTH STEP. Design your investment strategy. My idea was to invest $70 for 7 days, at a rate of $10 per day. For that, I chose the BTC/USDT pair. This means that the robot will buy $10 of BTC every 24 hours at the price of BTC at the time of purchase, using my USDT for the purchase. In order to analyze this investment in isolation (you will see what I mean later), I sold BTC for USDT in the KuCoin Spot Trading and transferred these USDT to my Trading Account. Make sure you have enough funds in your Trading Account because there is where the bot will take the periodic investment to invest. If you do not have enough funds in the Trading Account, the application will notify you and then you can transfer them from another account.

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FIFTH STEP. When you click on “Create”, the robot invites you to customize it.

First, put the amount of money you want to invest in each period. I put in $10. Then it gives you the optional possibility to put the total amount of the investment. It is optional because you can stop the DCA Trading Bot at any time, and when the maximum time is reached, it will notify you that the party is over. Still, I put $70, corresponding to my strategy of $10 for 7 days.

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STEP SIX. Now you have to set the frequency of the investment. In my case it is 24 hours, which means that the robot will take $10 from my Trading Account every 24 hours, and will invest it, buying $10 of BTC at the price that BTC has at that moment, and adding it to the amount that the bot already bought so far. By clicking on “Invest Every”, a window opens with various frequency options. I chose “1 Day”.

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SEVENTH STEP. Now we have to program the start of the investment. By clicking on “Date of First Investment” you can choose the starting date. I chose “Now”.

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EIGHTH STEP. Lastly, the DCA gives you an “Advanced Settings” option. If you click there, you will see the possibility of programming your profit target. I chose 10%, although as you will see, unfortunately, I never got to that point.

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NINTH STEP. The DCA is ready to go. Click on “Create” and let the games begin.

My first experience with the KuCoin DCA Trading Bot started on the week of June 10th. If you remember, just on that day the worst week of the year for BTC began. A catastrophe began that is still very much alive.

On June 10, BTC closed at $29,083.80. On June 16, when the tragic week ended, so to speak, BTC closed at $20,381.65. This means that BTC had a drop of 29.92% in that week.

Rivers of ink have been written in the last two weeks about the imminent crash of BTC and the cryptosphere as a whole, by people who frankly don't have the slightest idea what this technology means philosophically or scientifically. But we'll leave that for another post.

Next, I'm going to show you the images of the investments that my DCA made during those 7 disastrous days and then we go to the analysis.

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When the last day of the investment arrives, the DCA tells you to adjust the parameters, or stop the robot.

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You can see the status of your investment at any time by clicking on the icon in the lower right corner:

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After the 7 operations, the status of my investment was as follows:

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It was a bloodbath, always red, and with a negative slope. Although, and this is the point, it was not as hard as if I had maintained my position in BTC.

That is, I obtained 288,326 satoshis that at the end of the DCA operation were worth 0.00288326 x $20,913.8 = $60.29.

The average purchase price of BTC was $24,258.35. The end result is a loss of $9.70 USDT, or 13.86% of my investment.

Considering that BTC fell 29.92% in this same week, my loss is about half of what I would have lost if I had held my position in BTC, which is good if losing could be good in any circumstance. Also, buying at an average price of $24,258.35 gave me a lot more satoshis than buying at $29,083.80. This was taught to me by my friend Demetrio, the fisherman. At a price of $29,083.80, $70 on June 10 would have bought only 240,683 satoshis.

During the entire period that your investment lasts, you can see a snapshot of the current situation and you can share the results you are having with whoever you want, by clicking on the share icon at the top.

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It will show you images of tears and grief if you are losing.

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But there are also images of joy and celebration for when you win.

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So I was ready to start the second week of my strategy.

First of all, I had to stop the robot. To stop DCA, you have to click on the stop icon in the upper right corner:

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So, DCA gives you three options for detention:

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Option 1: Convert BTC and USDT at the best market price and send them to your Trading Account.

Option 2: Convert everything to USDT and send it to your Trading Account.

Option 3: Convert everything to BTC and send it to your Trading Account

 

Since I decided to repeat the previous strategy and create a new DCA with the same parameters, I chose option 2 to convert everything to USDT, as the image above shows. Obviously, in order to repeat it with the same parameters, I had to add $10 USDT to my Trading Account to accumulate $70. That is, my initial investment amounted to $80. Although as you will see, I had no need to use them.

I am always bullish on BTC, so I expected a better week than the previous one. The reality and the sentiment of the market showed me that we continue with a high level of FUD and with a very high fear. Anyway, as you can see below, the result of the new experience was much more favorable, especially since I stopped the robot a day before.

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As you can see, the first 3 days were losing, but the next 3 were winning. That encouraged me to stop the robot. The status when stopping it was as follows:

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There is only one point below the average purchase price. I walked out with $1 profit. Now my BTC holding is 295,780 satoshis at a price of $20,652.1 per BTC, i.e. 0.00295780 x $20,652.1 = $61.08.

My maximum exposure in these two weeks was $70, so my compound loss was:

-$9.74 + $1.08 = -$8.66

Then:

 ($70.00 - $8.66)) - $70.00) / $70.00 = -12.37%

In the same period of time, BTC fell from $29,083.8 to $20,710.6, which means a loss of 28.78%. If I had kept my position in BTC, I would have lost more than double. Of course, I would have liked to have gained something more, but from a very true point of view, we can consider the DCA as a strategy that tempers losses. Undoubtedly, I would have kept the value of my crypto if I had kept the USDT that I got by selling BTC at the beginning of the trade, but in that way, I would not have known the potential of this tool that still seems very smart and very powerful to me.

So I decided to try it one more time.

The stars aligned in my favor, because a BTC bull run started. The new DCA robot is still running because I put in a 10-day deadline.

Something I forgot to show before is that when you click on the icon in the lower right corner to see the status of your investment, you are presented with three possibilities: the status, the order history, and the parameters that you set for your DCA Trading Bot.

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So I am going to show you the performance of my third DCA Trading Bot, which is still running, using these three options.

First of all, I show you the parameters that I set:

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As you can see, I have instructed my Bot to buy $10 (USDT) of BTC for 10 days, so the maximum investment is $100.

I created the new DCA robot 4 days ago. Below I show you the order history and status so far:

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As you can see, the price of BTC has always increased since the first order. My new DCA is winning. My average buy price is $20,952.2 while the current price is $21,685.6. On the fourth day, I earned $1.38 on an investment of $40, which means 3.44%.

This is what I call passive income.

What would you guys do? Would you stop it?

I choose to leave it until the end.

It's about playing, learning, not standing still. As the King told Alice: "In this country, to always be in the same place, you have to run faster."

 

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Don't stand still, make the decision now! Create your KuCoin Account, and program your first KuCoin DCA Trading Bot to start earning passive income and to start your career in the cryptosphere. Here is my referral link.

 

Conclusion.

Considering the experience of the first two weeks, if I had bought $70 worth of BTC on Jun/10, I would have gotten 240,683 satoshis. Having put $70 into the BTC/USDT pair on the KuCoin DCA Trading Bot, today I have 295,780. It’s true, that BTC is worth 28.78% less, but I don't give a damn about that, because I am eternally bullish on BTC.

But that's not the important thing. The most important fact is that KuCoin Trading Bots could be dramatically changing the rules of a game that was started centuries ago.

Humanity created exchange markets a long time ago, but AI is very recent. I mean, the natural evolution of stock markets got to a point where, thanks to AI and intelligent robot design, you could trade for 24 hours every day of every year, finding the best value to buy or sell an asset, in the best market anywhere in the world. This could not be done by any trader, not even the most experienced. We could be witnessing one of the most spectacular changes in international finance and economics in history, since economies, we are taught, always depend on a "failure" in operations, because markets are imperfect. Robots don't fail. It is clear that bots still have a lot to evolve. But it is for these reasons that I always say that the cryptosphere broke all the economic and financial models that are still being taught today in universities.

KuCoin Trading Bots have been around in the cryptosphere for a little over a year. Other exchanges have imitated it, but, in my opinion, with much less art. In addition to allowing any investor to enter the stock markets, KuCoin Trading Bots can optimize the operation of a large part of value transmission between humans and their institutions.

It is really wonderful to be witnessing this revolution alive. I mean, Trading Bots are not just a tool for trading. They are a tool that changes the rules of everything we know about economics and finance.

Excellent companies create product categories. These new categories not only replace existing products and companies but can even make them disappear. It is possible, according to my criteria, that KuCoin with its Trading Bots is causing a dramatic disruption in the very traditional stock markets, managed until now with criteria and rules established long before the appearance of the Internet. Artificial intelligence may be running over centuries of traditional trading. Just as Polkadot is called "the Internet of blockchains", who knows in the future KuCoin Trading Bots could be known as the "Internet of traders". Traders (I mean natural persons) would no longer be needed to arbitrate in the markets. Robots and AI would do all the work that today's traders can't do because it's impossible to do on a human scale.

As the tutorial says, KuCoin DCA Trading Bot works best in bull markets and in the long run. I probably should have waited a bit to show a profit result. But I was very excited by the teachings of my friend Demetrio and that's why I did what I did. In addition, I think that this whole experiment can be very useful for my fellow investors and traders to see the power of this tool, which I still find beautiful if your lifestyle of moderate and long-term risk agrees with mine.

These days I have heard several colleagues pondering the DCA strategy as a very valuable mechanism to accumulate different currencies during the bear cycle. This is very true, to which I add that, from my point of view, it is also a very valuable strategy to mitigate the drop in the value of your portfolio and to earn passive income. The experiment above demonstrates this.

Finally, I want to highlight the value of the cryptosphere as an inclusive platform for small investors. Nowhere on the planet can a person go to a bank and invest $70 for profit. It is absolutely impossible. The bank clerk will tell you that it is a very small sum. Logically it is. Maintaining the huge and inefficient structures of the banks requires a lot of money, and small investors are a nuisance. Several times I heard from a bank employee the phrase “I have to do the same job for $70 as for $700,000”. Well, that's the difference between an employee and an entrepreneur. There are no small or large clients. For an entrepreneur, there are only "Clients". The crypto space, made up of thousands of developers, users, and entrepreneurs, has the spirit of inclusion and is available to everyone, small and large, with extraordinary tools such as KuCoin Trading Bot.

 

Thank you for reading! Decentralize yourselves as much as you can, and much more! Work for yourselves, not for others. When you work for someone else, they pay you what YOUR POSITION is worth, when you work for yourself, they pay you what YOU are worth. No one achieves financial independence by working as an employee. Live long and prosper!

 

As usual, none of the things written in this post are financial advice and are not intended to replace personal research. My sole intention in writing this post is informative. Several of the things discussed here could be wrong, so in no way can this post be construed as financial advice, and in no way should it replace your own research.

 

 

If you have any questions or comments, please feel free to leave them down below

 

You can also contact me at [email protected]

Twitter https://twitter.com/SirGerardThe1st

LinkedIn https://www.linkedin.com/in/gerardosaporosi/

 

Follow my blog Anarchy: the Final Solution: https://gerardosaporosi.substack.com/

 

 

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SirGerardThe1st
SirGerardThe1st

Franchise veteran, Dapps developer, DeFi evangelizer, Bitcoin and Ether since a long time


Tokenomics
Tokenomics

Tokens are the best coordination tool that the crypto-sphere has created. The tokenization of the economy allows us to forecast where future generations will allocate investments. It is a turning point, the birth of a new economic model that is absolutely inclusive and permissionless, and, best of all, without middlemen.

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