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.
Here’s my current portfolio after letting the bot run for a few days: BTC, ETH, ALGO, XLM, ADA, SOL.
And here’s the kicker – it did not bankrupt me, it did not buy unknown shitcoins – it didn’t do any of these things. It broke even for now.
If anything, I’m surprised of the overall sentiment and quality of post: No DOGE, SIHBA or other shitcoins were picked, good job reddit 🙂
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.