Hi dear CELTists,
past week has been all about adding more pairs to the bot, we've expanded to nearly all eth pairings thanks to a big eth contribution,
downside to this is that mostlikely the bot won't show any profit yet because adding new pairs will cause the bot to discover new prices and leads to having a big stack of crypto that might not be the same value as at the point it was bought, the upside however is once we've discovered upper and lower bounds, every trade in between is pure profit generation.
Now to drop the news bomb of this week:
that's right folks, let's give fiat pairs a boost. you'll be able to convert some amounts to fiat without losing big on the spread.
This is a metric I haven't gotten the hang of yet and needs improvement on how to deliver a decent metric on how much volume the bot generates. If COSS would have the 30 day volume somewhere available I could post that one,. I'm partnering up with a volunteer who'se into statistics for now to work on visualising history of trades. so for now I've got the distribution of trades by the bot from 29/4/18 to 5/518:
atm the exchange history pages are 685 pages long:
so 685 times 50 trades each page would be aprox 34 k trades hapened on the bot account.
the % fee the bot trades at:
So that should also be an indicator of volume produced.
This one is a hard one, as I'm calculating all eth equivalent for each crypto it looked best to me I'd just snapshot input wallet info each workday day into a google spreadsheet you guys can lookup to determine profitabillity progress. This spreadsheet is currently still under construction and I'm tackling how to best input the info.
link(hope it works):
https://docs.google.com/spreadsheets/d/17mZ7iH08_mGIP1IAOOKWD1uqpyqYUKK_3K8dObqvk-g/edit?usp=sharing
So expect profitabillity to drop each time pairs get added and some crypto crashes. Expect profitabillity to rise when market stays withing outer bounds. As the eth equivalent values are dependant upon exchange rates I'm looking into automating the rates, for now I have to input them manually.
I've also done some manual trading on the bot account, stocking up some COSS thinking it has reached it's low point this year cause my bot would drive volume through the roof, silly me. At least the bot has a stack to put in sell orders now when price goes through mooning instead of placing buy limit orders there.
As said the fiat pairs will go live on the bot, any additional pairs won't be added without new funding, exept promo coins after some price discovery time to try and win the comp.
Price of CELT has changed to 999 CELT for 1 ETH. Will keep doing the slight increase in value for each week until profit catches up.
Be it by reading, upvoting, spreading the word and buying or owning CELT to improve liquidity on COSS.
Spielley, here to help and improve the COSS exchange experience.
P.S. info about how to get your CELT at: https://steemit.com/celt/@spielley/the-cossening-celt-launch-and-how-to-get-and-sell-them
