Crypto Rookies

Crypto Rookies

Looking to invest $10M in pre-TGE web3 ventures in 2024. Specialized in Decentralized AI (DeAI) and grid bot trading.
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Turning $6506 of Bitcoin & Ethereum into $1M using Grid-Bots - 42.9% after 170 days

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Turning $6506 of Bitcoin & Ethereum into $1M using Grid-Bots - 89% after 138 days

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Turning $6506 of Bitcoin & Ethereum into $1M using Grid-Bots - 96% after 108 days

Author: Patrick Poirier aka Crypto Rookies

Turning $6506 of Bitcoin & Ethereum into $1M using Grid-Bots — 75% after 75 days

After starting a first grid bot on Bitcoin on February 14, 2024 with an initial capital of $3,143. Then I added an additional $3,363 onto an Ethereum grid bot for a total initial capital invested of $6,506. Although the ROI in the last few weeks has been negative, I now have a total capital of $11,417 in USDT with 0.362 BTC (market price of $62,312) and 7 ETH (market price of $3,171).

Turning $6506 of Bitcoin & Ethereum into $1M using Grid-Bots — 55% ROI after first month

After 1 month of initiating my grid bot strategy (see Figure 1), I converted an initial investment of $6,506 ($3,143 on BTC and $3,363 on ETH) into $10,105 which is a 55.3% return in 30 days. In comparison, BTC generated 34.76% return in the same time period while ETH did 21.7%. If this rate of return persists, this would mean I could achieve more than $1M within 13 months even though I started with $6,506 instead of $20,000 like originally planned. However, 55% was a bit exceptional in the first month, but we had a decent pull back in the last week, so maybe 55% average might not be too far from the truth.

Turning $6506 of Bitcoin & Ethereum into $1M using Grid-Bots

Last crypto bull run, Bitcoin surged 700% between February 3rd, 2020 ($8,509) and November 8th, 2021 ($69,044). Meanwhile, Ethereum accrued 4,474% from $106 to $4,850 for the same time period. Given the ETF approval and institutional capital being deployed into few crypto-assets such as Bitcoin & Ethereum, it is believed similar returns could be expected pushing the price of Bitcoin beyond $250,000 per BTC (500%+), while Ethereum could surge to $18,000 (629%+). However, such returns are no longer large enough to convert a $20,000 investment into a $1,000,000+, for this reason, I will be using a grid-bot strategy with leverage to maximize my returns. Note, that this is not financial advice, I’m simply describing one of many of my strategies that I will use to generate life changing money for myself. These strategies are highly risky and could lead to a complete loss of capital. As well, I will readjust my strategy along the way to adapt to market conditions and I will describe such time-sensitive changes on x.com/Crypto\_Rookies.