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musiclover420
psychonaut



Registered: 11/06/12
Posts: 19,563
Loc: PNW
Last seen: 2 years, 5 months
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Would this be possible? (Bitcoin/ stock related)
#23503778 - 08/02/16 10:34 PM (7 years, 5 months ago) |
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So say someone made a program, one that would take a stock portfolio or BTC wallet and automatically buy and sell when the prices were low/ high.
Would this be possible and or legal? Seems like an easy way to make a lot of $ at least in the long term if done right...
If I had any experience coding I would be trying to see if it's possible If anyone gets rich from this idea feel free to share the wealth
-------------------- Don't worry about me, I've got all that I need. And I'm singing my song to the sky You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by I've got all and more, My smile, just as before. Is all that I carry with me I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free
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Sinopia
Red Wicca



Registered: 06/24/16
Posts: 12
Last seen: 7 years, 3 months
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Re: Would this be possible? (Bitcoin/ stock related) [Re: musiclover420]
#23503803 - 08/02/16 10:38 PM (7 years, 5 months ago) |
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I know nothing about stocks but bitcoin buy/sell bots are everywhere on the btc exchanges. They sell x amount at a certain price, buy x amount at a certain price. But the main purpose of the bots is to create an illusion of more volume to seduce new traders if I understand correctly. It's not very profitable unless you have a large amount of btc to spend anyway, because if you define a 'high' price as $600 and the price skyrockets to $1000 your bot would have already sold out at $600. Likewise for buying, if you set a bot to buy at $400 and it dips to $200 you missed out on a good buy.
-------------------- Everything I post is part of a fictional storybook Always looking for interesting seeds, want to trade???
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musiclover420
psychonaut



Registered: 11/06/12
Posts: 19,563
Loc: PNW
Last seen: 2 years, 5 months
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Re: Would this be possible? (Bitcoin/ stock related) [Re: Sinopia]
#23503825 - 08/02/16 10:43 PM (7 years, 5 months ago) |
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I actually was thinking it would be hard with BTC becouse of the high price, cheaper stocks could be more feasible but even that might take a complex program.
If you programmed it right it could start buying at those certain points and increase or decrease the volume of exchanges as it gets better or worse.
Coding a program that could do it efficiently would probably be pretty hard though but I have no idea really. Could be lucrative if done right though it seems.
-------------------- Don't worry about me, I've got all that I need. And I'm singing my song to the sky You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by I've got all and more, My smile, just as before. Is all that I carry with me I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free
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Shiithead
Your Huckleberry



Registered: 04/05/13
Posts: 9,997
Loc: God's Flat Green Earth
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Re: Would this be possible? (Bitcoin/ stock related) [Re: Sinopia]
#23503839 - 08/02/16 10:45 PM (7 years, 5 months ago) |
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Quote:
Sinopia said: I know nothing about stocks but bitcoin buy/sell bots are everywhere on the btc exchanges. They sell x amount at a certain price, buy x amount at a certain price. But the main purpose of the bots is to create an illusion of more volume to seduce new traders if I understand correctly. It's not very profitable unless you have a large amount of btc to spend anyway, because if you define a 'high' price as $600 and the price skyrockets to $1000 your bot would have already sold out at $600. Likewise for buying, if you set a bot to buy at $400 and it dips to $200 you missed out on a good buy.
You're better off buying right now because it's gonna go back up before the Holidays no doubt. Thank me later.
It looks like it has been dropping though so I would buy maybe a month after school starts.
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Ephesians 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. Psalm 12:6 The words of the Lord are pure words: as silver tried in a furnace of earth, purified seven times. Hebrews 11:3 Through faith we understand that the worlds were framed by the word of God, so that things which are seen were not made of things which do appear. Revelation 3:11 Behold, I come quickly: hold that fast which thou hast, that no man take thy crown.
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Sinopia
Red Wicca



Registered: 06/24/16
Posts: 12
Last seen: 7 years, 3 months
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Re: Would this be possible? (Bitcoin/ stock related) [Re: musiclover420]
#23503850 - 08/02/16 10:47 PM (7 years, 5 months ago) |
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Yeah if it adapted and whatnot it definitely could be profitable. There might actually be codes like that out there already, I'm not sure. I know absolutely nothing about coding. Studied Java, Python, and Ruby for a while but never really understood it all.
Edit; And I have some cash ready to spend on btc but I have no idea how long it'll go down. I'm a pretty irresponsible BTC gambler and I really should stay away from the stuff
-------------------- Everything I post is part of a fictional storybook Always looking for interesting seeds, want to trade???
Edited by Sinopia (08/02/16 10:50 PM)
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