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BITCOIN vs ETHEREUM
WHAT IS THE SATOSHI BOT
Designed to increase your Bitcoin stack, Satoshi Bot trades between Bitcoin and Ethereum using an automated strategy.
This bot is for those who are prepared to hold Bitcoin throughout the bull and the bear markets, with the primary aim of utilising the pumps of Ethereum to increase your overall Bitcoin holding.
Needless to say, there is no exit to USDT in this strategy so be prepared to ride through bear markets and HODL.
PERFORMANCE
The bot was birthed in mid 2020.
The below data is actual performance as recorded by Wunderbit.
All trades can be viewed and verified on Wunderbit by searching for 'Satoshi Bot'.
Although results can be negative, this is only in terms of total BTC held. If the value of Bitcoin is increasing at a higher rate than it's US dollar comparison, then the account will still be profitable.
Type
Date Range
SATOSHI BOT
Since Inception
2 June 2020 - 31 Mar 2021
+ 71.59%
Last Quarter
1 Jan 2021 - 31 Mar 2021
+ 38.41%
1 Oct 2020 - 31 Dec 2020
- 10.52%
1 Jul 2020 - 30 Sep 2020
+ 39.18%
Date
Number of Trades
% Profitable
Greatest Profit
Greatest Loss
1 Oct 2020 - 31 Dec 2020
26
23%
6.53%
-2.66%
1 Jan 2021-
31 Mar 2021
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-
-
-
1 Jul 2020-
30 Sept 2021
PERFORMANCE HISTORY (BACKTESTING)
Backtesting was conducted using the TradingView Strategy system.
The tests cover a range of different market conditions and different time periods to get a more diverse sample set.
Two scenarios were used for comparison:
A buy and hold strategy of purchasing1 BTC at the beginning of the time range; versus buying 1 BTC, then running the Satoshi Bot using ETH, XRP and LINK.
Note: The current version of Satoshi Bot has additional coins added which do not have as much chart history so backtesting isn't clear, however to date, they are showing signs of similar performance.
ACROSS VARYING MARKET CONDITIONS
Date Range
Buy and Hold
SATOSHI BOT
1 August 2017 - 30 Nov 2020
(Pre-Bull Run)
1 BTC
4.96 BTC (+396%)
16 December 2017 - 30 Nov 2020
(Buying at Previous Top)
1 BTC
2.85 BTC (+185%)
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ACROSS CALENDAR YEARS
Date Range
Buy and Hold
SATOSHI BOT
1 Nov 2017 - 1 Nov 2018
1 Nov 2017 - 1 Nov 2019
1 Nov 2017 - 1 Nov 2020
1 BTC
1 BTC
1 BTC
2.23 BTC (123%)
2.99 BTC (199%)
5.04 BTC (404%)
Backtesting Disclaimers:
Statistics include the fees and commissions that would of been incurred during the time range
Statistics assume that all capital was held within the bot throughout with no capital gains tax paid.
Costs for subscription to platforms not included
Backtesting software cannot account for trades that would have exited due to stop loss activation. As such, all backtesting data may differ to actual performance due to the inclusion of stop loss coding in the Satoshi Bot strategy.
Backtesting and past performance cannot predict future performance.
MORE DETAILS PLEASE!
Averages ~50 trades/year on a 24/7 market
Only a portion of the portfolio enters into any given trade to protect capital and ensure spread across the Altcoins.
Each trade has an automatic stop-loss back into BTC for protection
Uses SPOT markets to trade from ALTS to BTC
Uses Binance in conjunction with 3 Commas Platform.
Copy-traders will always have access to their trades and holdings - at no time does Blue Sky Breakout have access to, or the ability to view your capital.
IMPORTANT CONSIDERATIONS
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Depending on where you entered the market cycle and initiated the copy-trading bot, you could start off with losses within the first few days and / or weeks. If you happen to start off at an ideal spot in the cycle then great, but to be transparent, you will encounter a period of losses at some time. It is very important to take a long term perspective and only invest an amount that you are comfortable with.
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This is not a 'set and forget' strategy. If that appeals to you, simply buying and holding might be more suitable. Successfully following this bot requires a certain attentiveness to the Blue Sky Breakout announcements on social media. Occasionally, there will be times when copy-traders need to manually intervene with open trades. This will be announced through the Blue Sky Breakout social channels and will need to be acted on promptly to stay within the bot strategy.
It is also important to know that depending on your country of residence, buying and selling of cryptocurrencies is likely to be subject to tax.
WHAT'S THE RISK?
Holds BTC as the base currency, therefore subject to BTC market fluctuations (historically very volatile). Designed for Bitcoin bulls.
Can have periods of underperformance in ranging or non-trending conditions. Designed for long term implementation.
Alerts and triggers are built on other platforms and the trades activated rely on these to be fully functional.
All funds remain on the exchange and therefore rely on the security of that exchange
All trades are programmed with a stop loss to prevent major losses.
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COMMISSION AND OTHER COSTS
Satoshi Bot trades through the Binance Exchange. Binance Trading Fees can be accessed here.
Slippage can occur for large orders. More information on slippage can be accessed here.
Blue Sky Breakout charges $10/month to access this trading bot.
The ability to copy-trade is executed through the 3 Commas platform. 3 Commas allows users to copy-trade one bot for free. If more than one bot is copy-traded, users are required to sign up for a plan.
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