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Just use a bot like shrimpy.io. It's kinda like a bot, but also kinda like manual trading when you select assets to adjust your portfolio. It's the best of both worlds and removes the stress.
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You can use any exchange, then just link your API keys to Shrimpy.io. It's the easiest way to manage your portfolio, automate your strategy, and get going with cryptocurrency.
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You should combine the best qualities of both of these and do a regularly scheduled rebalance.  Agree. It's often the overlooked answer. So simple to implement with services like shrimpy.io, and provides so much benefit. |
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I have some references to that strategy, and as far as I am aware, some investment projects in cryptocurrencies such as Crypto20 claim to be using it, with relatively good results. I personally am not interested in this strategy because throughout my career as a trader I have focused on very few options when it comes to investing, and I prefer to study each cryptocurrency with dedication to have some degree of certainty in its future behavior, before to hold a lot of them to make my gains depend on the laws of probability. Here is a good article that details a comparison between HODL and rebalancing: https://hackernoon.com/rebalance-vs-hodl-a-technical-analysis-6f341b0db9cdJust to be clear, rebalancing does not select the assets for you. You still need to select the assets you wish to have in your portfolio. So, you get to do the research and make sure your portfolio holds the assets you want to hold. Some services like Crypto20 automatically select the portfolio, but services like Shrimpy do not. |
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during the rebalance, does the bot buys the spot price or sets a buy order to level the maximum buy price available?
can devs answer this please? how does the buy/sell mechanism operate? thank you. Thank you for the question. Any trade above the minimum trade threshold for limit orders is placed using limit orders. This means we use the bid / ask price. On Binance, if you enable "Use market orders for small trades", then market orders will be placed for trades smaller than the minimum trade threshold for limit orders. Please let me know if you have any other questions! |
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Hi Everyone, Our team is back with another application we would like to share with you. We got some great feedback from the release of the free Crabby trading bot. If you haven't gotten a chance to check it out, you can find it at http://crabby.io/. One of the most important things we noticed when developing the trading bot application was the high barrier to entry. Many users thought it was confusing at times and too much work to maintain their strategies. We came to understand that many users want something that is both easy to use and understand. This lead to the development of Shrimpy which is essentially an abbreviated version of Crabby with only one strategy. This is the auto rebalancing strategy. Simply select which coins you would like to have in your portfolio, indicate what percentage of each coin you want to maintain, and input how frequently you want your portfolio to rebalance. The application will do the rest for you. It's as easy as that. You can download the application at http://shrimpy.io/. Please let us know if you have any comments or questions. We are looking forward to continuing development on Shrimpy and expanding the functionality. Happy Investing, The Shrimpy Team you haven't even a working website. Hi KingScorpio, Our website is definitely working. We haven't had any reports of issues with the website for a few months now. Please let me know if you are still having issues. Thanks, Shrimpy Team Same issues on here i do have fast internet connection and i do try to access using chrome but i got this:  Oh, I apologize for the confusion. Crabby is an application we closed some time ago. http://shrimpy.io/ was the application I was referring to. It is now a web application. |
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I am familiar with this concept, but the re-balancing is still confusing.  Do you offer several different portfolios, where you have preconfigured portfolios that are managed by your team or are all the portfolios customized by the investor/user? Let's say you always want to be invested in the top 5 best performing Alt coins, will there be a portfolio that would manage that for you? How can the investor be 100% guaranteed that his portfolio is backed by actual coins and that it is not just a ledger entry on your software? Thank you for the questions! You can read more about rebalancing here: https://hackernoon.com/portfolio-rebalancing-for-cryptocurrency-7a129a968ff4Right now almost everyone creates custom portfolios. In the future, we will be adding ways you can allocate "top 5" style portfolios which will update automatically. Shrimpy does not hold any of your assets. You simply deposit your assets to an exchange, such as Binance, and then plug in your API keys. We never have access to your funds, so all we can do is trade. Please let me know if you have any other questions! Shrimpy Team |
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Hi Everyone, Our team is back with another application we would like to share with you. We got some great feedback from the release of the free Crabby trading bot. If you haven't gotten a chance to check it out, you can find it at http://crabby.io/. One of the most important things we noticed when developing the trading bot application was the high barrier to entry. Many users thought it was confusing at times and too much work to maintain their strategies. We came to understand that many users want something that is both easy to use and understand. This lead to the development of Shrimpy which is essentially an abbreviated version of Crabby with only one strategy. This is the auto rebalancing strategy. Simply select which coins you would like to have in your portfolio, indicate what percentage of each coin you want to maintain, and input how frequently you want your portfolio to rebalance. The application will do the rest for you. It's as easy as that. You can download the application at http://shrimpy.io/. Please let us know if you have any comments or questions. We are looking forward to continuing development on Shrimpy and expanding the functionality. Happy Investing, The Shrimpy Team you haven't even a working website. Hi KingScorpio, Our website is definitely working. We haven't had any reports of issues with the website for a few months now. Please let me know if you are still having issues. Thanks, Shrimpy Team |
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Hi adokhai,
You do not need to buy all of the coins. When Shrimpy allocates a portfolio it uses all of your holdings on the exchange. So if you have 50% ETH and 50% BTC currently, then select 10 other coins, it will automatically trade your BTC and ETH for the 10 other coins. We thought this was the easiest way to ensure our users have a consistent experience.
Please let me know if you have any other questions!
The Shrimpy Team
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I have read this. People may opt to try this if they are risk-takers but if they do not want to try something new, I still think HOLDING is key. But based on my experience, however, I combine holding by earning with Bitcoins too. Hence, I accumulate Bitcoins day by day and not just solely holding it. I think people have to see for themselves what work best for them, and not rely their business judgments to those of others who are not in the same situation as theirs. We have to understand the varying circumstances that are unique to every experience, hence, we cannot really totally apply what is right and correct in theory. Situations are not always ideal as envisioned in theory, you know.
Could you explain more about why you think rebalancing would be risky? Rebalancing definitely reduces risk. I do agree though that everyone is welcome to use their own strategy. Rebalancing is just an extremely simple solution that doesn't introduce any additional complexity to managing a diverse portfolio, so I think it makes sense for HODLers. Thanks, Shrimpy Team |
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well i think u can hold but with more risky way that may make u poor or rich  simply sell high and buy low for example u are holding an alt coin and it started to dip sell to btc and when dip over rebuy it and u will gain more coins but u may lose also since the market can play u and the coin may go up while u sold its too nervous and stressful tried it and failed but ik many ppl gained money and other saved their capital Hi iillaa, This is exactly what Shrimpy does, automatically. Rebalancing is a strategy where you automate the process of selling high and buying low. There is no stress involved and no manual trading. This is why Shrimpy was so successful over the last year. The volatile market compounded those gains every time it sold high and bought low. Shrimpy Team haha its highly risky and even if u use ta u can get wrong but i would like to say i did register in your website and unfortunately i cant use your service because i never traded on those 2 exchange u have and probably wont cuz im fine with binance for the popular coins while use cryptopia and okex and kucoin for new shit coins i will keep an eye in your website cuz am sure u may support more exchanges in the future Hi iillaa, Can you explain why rebalancing is risky? There is no TA that takes place in order to perform the rebalance, so the application cannot make mistakes. Rebalancing is actually quite the opposite of risky. It reduces your risk and makes your portfolio more stable. Thank you for signing up! We will definitely let you know as we expand our offering. Hopefully you can be convinced at some point to jump on board! Shrimpy Team |
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well i think u can hold but with more risky way that may make u poor or rich simply sell high and buy low for example u are holding an alt coin and it started to dip sell to btc and when dip over rebuy it and u will gain more coins but u may lose also since the market can play u and the coin may go up while u sold its too nervous and stressful tried it and failed but ik many ppl gained money and other saved their capital Hi iillaa, This is exactly what Shrimpy does, automatically. Rebalancing is a strategy where you automate the process of selling high and buying low. There is no stress involved and no manual trading. This is why Shrimpy was so successful over the last year. The volatile market compounded those gains every time it sold high and bought low. Shrimpy Team |
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