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Kamis, 12 Juni 2014

C.A.T. Cryptsy Auto Trader Prints Money All Day Long!

If you’re like me, you know nothing about daytrading. While I was always interested in it, I lacked the time of day to learn about it, and didn’t have much money to play around with it. They few times that I tried on my own, I failed miserably and ended up with half of what I started with.
That wasn’t fun.

Then I stumbled into something on the BitcoinTalk forums – C.A.T.
C.A.T. is short for Cryptsy Auto Trader. It was being marketed as a Bitcoin printing machine. Better returns than mining and a lower initial investment were required. The entrance point was 1 BTC which was a lot at the time (Around $500+ worth), but I forked it up so I could try the software. I hadn’t seen any signs pointing to it being a scam, and there were already several crowning reviews and testimonials claiming people were making .1BTC per day with it.

What C.A.T. needs is a minimal investment in Bitcoin. A few thousand dollars worth of Bitcoin will be able to get you started. C.A.T. automates absolutely everything regarding trading Bitcoins, Litecoins, and any other cryptocurrencies that are available for trade in Cryptsy. You can trade for profits directly to BTC or trade for alternative cryptos. No other trading platforms are available, yet, but this might change in the future.

C.A.T. hooks into Cryptsy via your Trading API key, will print out your current balances, and lets you select what markets you want to trade in. From there on out, you can select simple trade parameters that will literally allow you to print Bitcoin profits. For fast and simple profits, set all the coins you want to trade in to Aggressive Mode with a 1% profit margin. With this mode set up and a minimum of 5 BTC trading through about 20 markets, I was able to bring in a profit of .4 BTC in one day! While its not always that good, I regularly see profits around .1 – .2 BTC with this small investment.

There are some cons to using C.A.T. though – Number 1 is that it isn’t very good at detecting crashes. If a coin crashes while you are holding a lot of it,  you can set it to sell all when it drops a certain percent, but that is about it. If there is a major price swing in the alternative currencies you are holding, you might lose overall on your BTC portfolio value. This isn’t something that can be prevented or predicted or easily fought against. While earlier in the day, one trade might net you a .1 BTC profit, if the total amount of coins gained from that trade drops the overall value of those coins less than .1BTC, it would be a portfolio loss. Again, this isn’t C.A.T.s fault though. Inflation, deflation, and being able to compare it to a USD price value analytics is also not possible, but you have to remember it is trading against BTC, not FIAT.

Overall, if you are interested in day trading, want to have a great automated way to do so, and have a decent amount of coins ready to trade, I absolutely recommend you check out C.A.T. Updates come out nearly weekly, and over the past month or two, I am up a couple of Bitcoins just by simply running this great trading app with no further investment other than what I started with!

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