Stefano De Masi x DeGate: Guadagna con la Volatilità

Ok Hello everyone, welcome. I'm sorry I can't be there. I apologize, there was a rather significant setback, but we're here anyway, and today I'd like to share with you a somewhat particular vision of the market. First of all, just to understand a lot. Now I can see you on the screen.

How many of you are perhaps for the first time or are just now approaching the world of cryptocurrencies by a show of hands. And instead, how many are already, perhaps, Down 2, 3 years, 5 years in the world of cryptocurrencies, always by a show of hands. Ok, Just to understand how to balance the language. So I'd start by talking for a moment about the world of investments and then get to the beating heart of this day, this workshop, which is Trading Bots, automation. I feel a bit of a return.

Ah, ok, Good. Well, every now and then, if you hear me, take off my headphones because I've got a return, then the world of investments is a world that is clearly, as we all know, unpredictable. In the sense that yes, there are patterns, things that are relatively recurring. Just think of the Bitcoin cycle, but it tends to become complex to actually predict with good accuracy what the market is. But in this scenario there is only one thing, one certainty that we have and from which if we manage to approach the investment in a scientific way we can get the maximum advantage.

This only certainty is the fact that the markets fluctuate, they move. It seems a trivial thing but the fact that they go up and down. This is the only certainty we have and it is based on this over the years. My strategy, for those who do not know me, I was a former trader. In the sense that I did trading not at a professional level.

That is, not for a fund but privately and today I am an extrader in the sense that I no longer do futures trading. I start every now and then to get myself going but I have moved completely to long-term investments and what I have always liked about investments in this world, especially cryptocurrencies, and the great capacity for automation because, OK, the study of volatility, that is, how the market moves, combining it with AD, an automation which is what we will see today here in my opinion is the winning move and it is what has brought me so many results over time because automation for two main reasons. The first is that it emotionally detaches us from the market because most of the time. of mistakes that are made on the market are emotional errors so the famous food fomo and all these things here Paradoxically the less we are with our eyes fixed on the graph the more chances we have of making profits in the long term the second great advantage of automation is the possibility of staying H2O 4 on the market but not with my eyes but with the eyes of my digital Avatar if we want through automation and Bot so this is the main objective and advantage of using automation automation that until a few years ago was only practically available in the crypto field on practically very few checks so centralized Exchanges to date in particular Grand The Gate Which are doing an incredible job many of these technologies of these solutions even basic because we will actually see two extremely basic solutions of automation so we do not go into algorithmic trading particular things but we keep to the basic because many times keeping things simple actually brings the greatest return the greatest result and thanks to The Gate plus other exchanges for goodness sake everything is moving more and more to defi So in the Dex and it is here that the great power, the great potential of the entire world lies crypto also because cryptocurrencies were born to be something decentralized, something in which funds are in our hands and thanks to The Gate this is possible for example but anyway we will get there soon. A disclaimer that I want to make first of all on automations is that you need to know how to use them in the sense that unfortunately I see many people who create bots or start using bots convinced that they can be replaced by bots even at a strategic level.

In reality, bots automate operations so the strategy is ours, the head, the bot is the tool so we don't always fall into the error and unfortunately it is frequent, it happened to me too at the beginning to say Oh look here there is a strategy ready I start it really cool I make a lot of money no it doesn't work It always takes a deep understanding of the market if you understand the market economic cycles So how the market works from the deep Not only crypto in general then there you can then go and adapt more or less long term strategies because there are targeted strategies for a short term targeted strategies for a long term there is no Evergreen bot so a BOT that always works in all market conditions, however, there is a strategy that adapts by implementing it. Therefore, turning the bots on and off depending on the market conditions. So at this point I would start by identifying the two Bots that we will see today, which are two relatively simple Bots, but I still invite you to pay close attention because it is precisely in simplicity that lies the key to success. In reality, the bots that we will see today are: I'm going to share the screen with you. So I hope you can see it.

Give me an OK if you see the sharing. Perfect. Perfect. So the two Bots that we will see are the Grid, which is the basic one. I think it is even the first, if not one of the first to have come out ever.

We are talking about spot trading, so we will not be trading on futures, even if they can also be implemented on futures, on other things, on other solutions, but in this case, The Gate offers spot trading, so we work on spot trading, which in any case, according to many, is better than futures trading. But I can tell you from experience, the Big ones work a lot on spot trading. That is, on investment more than on short-term speculation. However, beyond this, we will see Grid and DCA. These two Bots can actually be implemented not only in the long term.

term but also in the short term So I would go to m you have already heard of I assume yes of Grid Bot you have already used by show of hands someone has already used Grid Bot spot in his career Ok perfect and Bot dca Ok yes you can't see it Wait I'll try to share again Let's see if it can be seen like this Ok you can see Ok ok perfect um I was saying DCI how many have already used it implemented dcii trivially it is the classic accumulation Pack so nothing special but it can actually also be used to unload positions now we will see everything on The Gate So I will briefly mention Grid Bots Here they are and then we move on to DC So the strategy behind the basis behind a Grid Bot is essentially exactly what we were saying before the fact that the market is volatile so it fluctuates we know that the markets do not do this continuously or rather in the long term they tend to do this depending on the assets we are going to select More than anything because the dollar does this over the years i.e. it goes to devalue here basically as a counterweight the markets tend to rise but we do not see this this thing here we this This is the market who approaches the market tends to What does he do He sees that maybe there was a nice Pump He starts to gain confidence He enters the market and buys then statistically I don't know about you but every time I make a purchase the market goes against me it seems like a conspiracy but it's like this it's always like this It starts to go down It starts to go down here Food starts to appear there is fear Oh my God what do I do I'm losing money by the time I get back and I'm already buying back the most Scafati ones start with the by the deep the less Scafati ones go into panic Maybe they close the position on the sale and then the market when you're there and say enough I sell everything TAC starts to rise again and it really seems like a scam it works like this that's why I say that automation can be the key because automation allows me to take my little robot and put it there to work I close my eyes I turn the other way I can't see anything anymore from this perspective it could be very interesting to place for example a Grid Bot what does a Grid Bot do I redo the graph so it's a little better because before it was a little ugly let's hypothesize this situation here I enter here with a Grid Bot So let's assume either $1000 of capital since it's a spot I can dedicate all the capital, if it were futures I would instead manage it as a single position So if I trade for example with a $1000 account I don't open a grid with $1000 this on futures I open a grid maybe with 10% of the capital 1% of the capital so it depends 10 100 with or without leverage Then one yes let's say you arrange it based on what your strategy is but I wouldn't go with all the capital in the case of the spot instead the big advantage is that I'm actually buying an asset so I'm owning it I'm not speculating on the price consequently I can dedicate an entire capital I'll say I want to dedicate to speculation on this asset here 1000 for example Perfect then I enter with a grid and I'm going to tell it listen to me carefully robot every time the price drops by a certain amount so depending on the number of grids we are going to make you buy and therefore grids are created let's put the green ones. Be patient if I'm a little crooked but I didn't do the surveyor on purpose here it creates buy orders So every time the price starts to fall compared to the moment Now of the purchase it goes to trigger the order so let's suppose it goes down here I buy it goes down again here it can't reach here so it doesn't do anything and now I'll show you what happens but in reverse because here a nice thing happens After he bought the same thing in reverse so it 's true it goes to place buy orders But it also goes to place sell orders then depending on the type of grid we use if arithmetic or geometric they are more or less the same these let's say These ratios So maybe let's pretend that here there are 10 percentage points here maybe there are 10 again if instead it is slightly staggered Because for example we use an arithmetic maybe here they then go to increase maybe they become 11 12 and so on but this is something a little more advanced but it's not that relevant in reality if you approach it on a long term between quotes so what will happen to our price now let's put the black We entered here The price goes down so buy buying back at this level means lowering my average purchase price let's assume I bought $100 here and then buy back here another $100 I don't know my average price will have gone down let's assume that here we were at 1000 we went down to 500 it will be a middle ground in this case so an average between 1500 So it will be more or less here my average purchase price at the moment in which this order is bought what happens with a gdbot that the first useful sell order which was this one here is scaled in the previous position or in any case close to the previous position so this entry point of mine from before becomes a red order So red becomes a sell order consequently while the price goes down in this case nothing happens because the other order is not triggered It goes back up here nothing happens because I have already bought here It goes back up it doesn't reach this order here so it doesn't happen again Nothing goes back down it goes back down it doesn't reach this order here so it doesn't happen again Nothing goes back down it goes back down TAC I'm going to buy back in this area then it's going to buy back in this area it's going to buy back in this area and then all the orders here are scaled again so this one here becomes a sell order this then becomes a sell order this becomes a sell order and then this becomes a sell order well I made them like this in reality they are not exactly in the points where there were the Buy orders before because in any case it also takes into account the average of how you are moving and it goes to unload positions based on how much it is buying. That is, if here it buys me eh 10 €100 here it buys me €100 €100 €100 then it goes to unload me €100 €100 €100 and so on at this point I will have a BOT at a loss let's assume 50% and at a loss but the price starts to turn and therefore it starts to close the sale and this goes back to being a buy order it goes to close another sale becomes another buy order it goes to close another sale another sale another sale until we reach what is called the breakeven Price so the breakeven price that is we started from here with the first purchase we arrived here with our last purchase it means that our average purchase price will be let's assume in this area here in reality it would be a little higher but let's assume in this area here So as long as we are below this new area we are at a loss but we are slowly oscillating so we are acquiring as we go down crypto and reselling as we go back up as we go up we arrive at this point We are at breakeven so we go back to zero and from here we start to sell sell sell sell what is the interesting thing is that one I am making a profit from the sale two the profit of my holding in crypto is also increasing because let's assume here for example that I have made the Bitcoin USDC exchange what happens is that I have actually accumulated crypto So my $1000 ended up here in accumulation of Bitcoin crypto in this case having reached this level I go back to my account from A $1000 and as I go up I close positions so I get interest in quotes let's call them interest but they are real Take Profits so I get WDC but at the same time my BTC holding with an average price here from here on is in profit so as the price rises I will go up exponentially with my balance I hope everything is clear If there are questions then maybe I don't know we ask them at the end or we do them from time to time maybe at the end so we don't get lost as when to use a BOT of this type There are different ways different ways to use it it doesn't necessarily have to be used Bitcoin against the dollar it can also be used against other cryptocurrencies for example on The Gate we will see shortly you can also do the Bitcoin against ETH exchange which can be very interesting to analyze this type of Bot works very very well in lateral situations So when the market is lateralized how do you set it up simply look at the first support Or it then depends on how speculative we want to make it And in what time frame if we want it to do Maybe 200 orders a day Then we take a very small interval If instead we want it to do many operations Yes but in the long term or in any case in months for example Given the current situation Bitcoin has been sideways for quite a few months, what I did for example is to set up a grid with a support around 50k, a Take profit around 65k, that is, the Range of the grid, and see Bitcoin moving within this range back and forth.

Obviously, let's assume that my orders are entered here in purchase, my orders in sale, and the rest is up to it, so it moves and oscillates. When you manage to identify a lateral situation, using a Git Bot is phenomenal. There are also situations instead of Bull markets. So when the market is Bull, it can be interesting to position yourself, but it becomes much more now, that is, better. The Grid Bot gives it on the lateral market.

This, based on my experience on the lateral market, is phenomenal. On the market that tends to rise, you can set C because, as I said, the markets don't do this, but there are always corrections, so by identifying, perhaps by making a grid, for example, in this area. So, I'm going to identify my lowest support, my highest resistance, I'm going to create my grid. When I see that it breaks this grid here, I can simply turn it off or change the grid if necessary. The Gate is very simple: I turn it off, I take the profits, I go to reinvest on a new grid in this area, or maybe this is a small tip, a small tip.

When we see that there are breaks of this type, we don't necessarily go to hit the old support, but we position ourselves slightly lower. This is because it is likely that there will be some reabsorption. The markets, even the crypto markets, are manipulated. Those who have more money clearly play this game better, and consequently, keeping ranges slightly higher than support and resistance can still be advantageous. A slightly particular use instead of the Grid Bot could be that of accumulation as prices fall.

Many don't use it. However, even in bear markets, the Grid bot can be used, knowing that it changes our approach, that is, we are not looking at the Grid Bot at the moment to make a profit, but to accumulate cryptocurrencies, which we are clearly interested in accumulating. Bitcoin, Ethereum, rather than everyone having their own cryptocurrencies, and assuming that some work has been done beforehand at Monte di studio, one can position oneself or not with a Grid Bot on those cryptocurrencies there. at this stage therefore I will not have to be scared of seeing the negative account for example 50% and various things because I am accumulating So I know that I am going to average the price downwards because I know that the market is falling and therefore I perhaps set myself a slightly narrower grid with fewer sales therefore less Sell and more buy as they are then scaled as the price falls I know that I buy and then slowly when it comes back up I will start to sell This is why to apply this type of Bot you generally go to cover a larger interval assuming for example to start something like this now since for many 2025 will be a recessionary year what do we do we can go and place if we assume that Bitcoin is now around 60k Oh God it could go down because there is a recession what is ok How much could it get to 20k Perfect then I take a very wide grid keeping a 20 30k depending on what is my hypothesis with the lowest price And I leave above for example a target of 80k So you see here I am taking a extremely large range here I can't expect unless I put 2000 grids in there so 2000 orders to make many movements in the short term in this case it will be much more Long term However we are certainly going to cover a much larger price range and clearly it goes without saying here the big advantage is we must hope that the price really drops so that then we can accumulate well in these phases and when it goes back up we begin to see the more succulent percentages I would now move on to sharing let's see if I can Here we go so we have a practical idea directly on The Gate now on The Gate I spend a few words to tell you why I use it because I started to implement it in my strategy and it is a decentralized Exchange so we are talking about a dex the big advantage is that it is currently a dex with orderbook As we can already see just the app Without seeing it, it seems to be on one of the existing checks, it has the exact same dynamics, the exact same structure and the same features as well as the same Fi. In fact, the great advantage of The Gate is that it uses a strategy, that is, a feature, the zk rollout, which essentially allows us to be on the Ethereum network because here we are on the Ethereum network, but not to pay the classic Fei from the Ethereum network, which are crazy and even if, well, they have lowered over the years, I remember when I operated in Defy years ago, either you put yourself with $1000 for every purchase you made or else you paid more in fi than what you bought.

Now, however, it is much more accessible to everyone and in this case we really have a complete suite available. Here I see we are already in the exchange section, we can connect. In this case, I connected with a Ledger, we can connect. So, with any hardware wallet, trader, and so on, we can also connect with metamask with Phantom Wallet, so those who use the Wallet browser can use them, those who prefer hardware wallets can use them. The great advantage is that I am not giving my funds to third parties at the moment.

That is, The Gate them. is using I mean I'm using them on The Gate But I'm not giving money to some cheex that goes bankrupt tomorrow and it takes me years I'm still waiting for the ones from FTX just for but I also think someone there maybe among you and is waiting the big advantage here is that I am the custodian of my funds and it's the big advantage of defi So I can operate in defi compared to before maybe I had my Wallet Yes every now and then I did some trading maybe going on a swap and so on but I couldn't do this stuff here I mean I couldn't actually trade paying a few Fi the big advantage of The Gate is thanks to its strategy and it is today I think correct me Linda if I'm wrong the only one the only L2 active on L2 bit they show it the only one in phase 2A in phase two active and and performing with Fi that are relatively low but let's show them to you immediately I'll already show you here normal buying and selling exchange so classic like all like all the checks any I can go and choose in this case I'm on the wbtc vs wdc exchange I'll also show you how many exchanges there are there is really a lot of stuff it's full so it will more or less affect everyone's needs all the main cryptocurrencies there are I can at this point let's move here choose the quantity the total I want to take in total I use USDC if I want to choose the quantity I use BTC I say I want to buy a BTC for example I can do it at market or limit let's assume I do it for total I G say Buy me $10 he goes to show me leg gas fee here the gas Fe I can leave them automatic or customize it so I can go and choose the maximum number of trades I want to do what I can do because Because it is not certain that the transaction will be carried out in a single trade because the markets actually fluctuate And depending on what I choose I can safely leave it automatic if I want as we see here the Fi are extremely low these are the maximum Fi that I can pay for this trade which are in all respects Fi similar to those of a centralized Change if I go to limit Ditto let 's see here we have the free maker So here is what they are it is one of the offers that currently has Activate The Gate So here too I can go and make my trade by activating here only Maker with Fi at z0 this is another extremely interesting solution I showed you this ion here because it can then be implemented here in the grid strategy So in the famous Grid Bot now I will condense the market a bit so you can see it better maybe let's do a weekly Here it is This is just to get an idea so I will show you in practice How to set up a grid Now in this case the grids on The Gate can be set starting from $50 for each grid so for each order that is placed in the grid What does it mean it means that if I want to create 10 grids for example if I want 10 grids I must have at least $500 to be able to allocate because they are 50 for each grid Anyway all these things here you can find Then maybe Dan Linda the link Actually I will show it to you for a moment if you want to write this down here I will move this this link here maybe take a photo here you will find everything everything everything everything explained both the Grid Trading and the spot Trading with the dca so there is really everything and then this guide here I will show it to you quickly and this guide here there is really everything in a technical way it explains to you how it works graphically the the system then of the Grid Here it is so it goes down buys goes up what we saw before now let's go back here let's create a grid So I can decide whether to do it automatically so use this this tool here which is very convenient where it already gives me a range in this case it gives me 53 K 536 and 6 e6 with 14 grids grids tells me the minimum investment on 371 so I could use this grid here or go manually the u Ale shows me all the various settings that I can use then very simply what could we do in this perspective I can go and see more or less this here is the lowest Range So the local support to which Bitcoin is moving we see that it has gone even lower So if I wanted I could go round 51k then I go and see that currently the maximum touched is here 71k in reality there is this one here 73 But we keep net of the Shadows of the so of the shadows we keep here a 71k for example G let's put 71 K at this point we choose the number of grids How many grids we want within this range let's say we want 50 at this point we have to give it the amount So let's put here you see in this case it tells me quantity per grid greater than or equal to $25 I can put let's say I know 500 No what does it tell me Here it is but it's already starting to show you insufficient balance clearly I have to put more but this was what I wanted to show you This is how our grid will appear then so as the price fluctuates it will go to buy us This is the great advantage of using a Grid Bot in general but in particular here we are in them and if I'm not mistaken So let's put a higher balance let's say I here wdc I only have 65 but with 65 I can do very little but I wanted to show you the f here I don't see them Ah here's an interesting thing very interesting when I go to sign the transaction that is I connect with my Ledger rather than to The Gate it's not that every operation What do I have to do I have to be there to confirm it I can give it a certain amount of time to confirm it automatically I for example I connected it This morning I left it open for some time now I have unhooked it because I need to be able to use my graphics tablet What happens is that I can still continue to operate because I gave it a certain amount of operating time so it is not necessary for every transaction to be signed This is another very useful thing so this is how the Grid works Obviously if I want to do more speculation I will put for example a daily chart it works in the same way Actually let's do it like this condensed hourly chart these here are hours these candles here are all each candle is Now I will take for example a range from I know here from 55 to 60 and therefore obviously it will become a much narrower interval if I do 55 and here we leave 61 let's say for example 100 grids Obviously we see it becomes extremely narrower as an interval here we see that it is relatively smaller on the Sell side because it has not removed So ok We see that it is relatively smaller on the Buy side it is much more exposed simply because I have put 61 as the upper level and we are already at 60 and something so we are closer and therefore it will use few cell grids in this case, however, what happens is that as it goes down it goes down. So this is the interval and we will move in this interval. If I go back on a monthly chart for example, we will see that this interval is relatively narrow, that is, practically on the last month of operation, so it depends on how we want to approach the Grid Bot. If we want to do something more long-term, we can do it by obviously analyzing larger charts.

If we want to do something more short-term, we can do it by analyzing smaller charts. One thing for example that is often done by those who use Grid Bots is to go on a monthly interval, take a candle and place the lowest level on the base of the candle and the highest level on the top of the candle, and then operate within the month. On that candle, you can do it. Yes, I would always say to always take into account the entire movement, so OK, I am speculating on this candle at the moment, but at least the first 34 months before that, I have to take them into consideration, I have to take a look at them to see how we are moving. In this case, we are relatively lateral, it could actually be interesting to create a Grid on this larger level here, and here we are clearly on a larger Grid.

Long term here, this is what I want to pass on to you. It's ok on a technical level, we have all the possible and imaginable solutions, but on a practical level, it always takes our knowledge of the market to understand where to set it up and how to get to grips with it, because maybe I'll see here that I've set it up and it goes below the grid, I'm afraid I'll close it with everything at a loss and then maybe it reabsorbs instead, I would have closed in profit, so there are emotional components that must be taken into consideration and that must be reduced because they are the ones that then lead to making mistakes on the market. The more we manage to be detached from the market, it's a valid way to be detached from the market and use funds that we are, so to speak, willing to lose, I say so in inverted commas because it 's never nice to lose funds anyway. That is, whether it's €1 or a million euros, it 's never nice anyway, but if I have, say, a monthly salary of €2,000 and I invest €2,000 on the market, I'm gambling a month's salary on the market, so I'll have a certain type of approach towards that money there, if I put €20 in, obviously you say, okay, on €20, this is fine. This type of approach seems like nonsense but it allows you to be detached and consequently be able to operate more logically rather than emotionally.

This was a small brief on the Grid Bot. Let's now move on to a gem for me which is the DCA. I think it is one of the best ATI Bots ever in the sense that it is not even considered a BOT because the classic accumulation pack is nothing special. In reality, the classic accumulation pack is a bomb if you always approach it intelligently, just to get an idea, so very banal. Let's assume that we go, this is Bitcoin over the years.

Let's assume that we have bought, for example, let's say $30 of Bitcoin every week, having accumulated for 9 years and having started 9 years ago, then what we can see is that our total invested in Bitcoin starting from 9 years ago was 14,100. We don't feel like it because we pay $30 a week anyway. We don't have this approach, that is, it's different to put $1000 on Bitcoin immediately. Let's assume here because you go and buy there. It's classic.

The price goes down. I sell. I close in. loss instead slowly go to position ourselves with $30 $30 $30 automating what our total portfolio is after 9 years is this here so more than 27% this is what really brings us to approach the market in a detached way with an accumulation plan what is needed is one I studied Bitcoin in this case but it can be done with any type of asset yes I believe that in the long term it can be interesting because I know the foundations Yes I create my own accumulation plan and then simply wait patiently says Warren Buffett just to quote someone who but he is not the only one saying it the greatest power of all is that of compound interest doing this means compounding on an asset that tends to appreciate over time at least it is showing that it tends to appreciate over time The only thing you have to do is be patient the more patient you are the more you can earn Let's remember that the markets are a transfer of wealth from those who have no patience to those who have patience those who come to me here buying saying you go To The Moon you go to 100k and then start to go down sell at a loss sell to people like me who are there, calm down, they buy. They have their DS, they buy, they buy, they buy, they buy, they buy, that's it.

There's not much to do when you reach the top, maybe you download something if you want to download something, otherwise you wait and in the long term, 5, 10 years, 9 years, 20 years, each one then has its own deadline. You go and get the profits. Let's assume we do it like this, we 're talking about €1 a day, a coffee a day. We're talking about 9 years in which I spent a coffee a day to buy Bitcoin and this is the result. So it's not true that on the markets you necessarily have to have a lot of capital.

You need to have a lot of strategy and knowledge, then the capital, because even a little is enough. €1 a day, everyone can invest it. Invest €1 a day over a long time horizon with a sensible strategy. It doesn't matter if you start at the top, or at the bottom, whatever you want, but this is what you can get back, what can come back if you do it clearly with full knowledge of the facts. Let's see how to create a DC.

At this point, creating a DC is very, very simple and I'll also show you some history now of the various DS that I've activated. Here for example. Indeed, between the other one should also be expired so we activate it right away I can do a DC in purchase or a DCA in sale Let's put it for example on eth so we also do a little bit of ETH because otherwise we only did BTC he gets offended Here it is eth USDT so there are USDT there is USDC we can use whatever we want up here purchase sale the DCA is excellent in purchase because it allows us to accumulate over time accumulate over time let's go and show it maybe on the blackboard So here accumulating over time the work is always the same we know that markets fluctuate go up and down I must never have the presumption of buying the bottom and selling the top because this is what the person who then loses money on the markets does he tries to buy the bottom because he wants to buy at the lowest possible price and sell at the highest possible price The problem is that if I tighten the graph and look at it so cool everyone can do it but if I now do this to you and tell you now Where is the price going now you can buy saying In my opinion it will go up and but maybe it will do this or sell saying No It has already gone up and it won't go up anymore because maybe it was like this here and then it does this. The reality is that here we have a 50% chance that it will go up and 50% that it will go down. It's like flipping a coin.

It's true that there are statistics. There are patterns. There are geopolitical and economic situations in progress. There is inflation and interest rates. It's true that there is all this stuff here that maybe goes to thin out this percentage a little bit and change it.

But in fact we do n't know where the market will go because we don't know how to read or write. The smartest thing is to identify the asset. So I found an example of ETH. In my opinion, it 's an excellent and perfect asset. What do I buy?

I don't know when I'll buy the bottom. I don't know when the bottom will be. I don't know when the top will be. What I know is that this currency tends to be a bit of a currency. I bought it at random just to change a bit, but it can be any currency.

Don't take my word for it. Coin, however, please, I know that in the long term it tends to go up, so I don't buy it today at 4k, which is the local maximum. If tomorrow I know that this currency is potentially worth 10k just as I wouldn't care to buy it even at 1K if I know that maybe it goes to zero So it's inevitable that I do n't know anything I will never know where the markets will go What will happen in the future What I know why this happens and what I want to do in this perspective is to place orders So I buy buy buy buy every week Generally what works best is the weekly on In the crypto world or the biweekly I go to set it up and I always buy always buy if the market is here sometimes I will buy better when the market is here I will buy worse so I will average upwards in reality here the average purchase price but nothing I diet to unload here and there vice versa I bought maybe sometimes here too then it goes down and depending on how the market moves I clearly get profits now I can use this strategy as when the markets do this so when I spot a potential top and fear that the market might go down I start my dca and go to buy downwards I choose in Monte how much capital to dedicate and I go to buy to do the famous buy the Dip but instead of buying here because I say this will be the top and then it goes down again no sorry the bottom No this here will be the bottom and then it goes down again no it will be this and instead then it explodes up I don't know I buy everything but in stages so I don't enter just once But I go to halve over time so I go to place many orders because Because on average what interests me is not to buy the bottom but to buy at the lowest possible average price the lower my price the better the purchase price is the more potentially I can make profits when the market reverses now in this phase I can either create fixed orders So $10 here $10 here $10 here $10 here That is $10 a week Or I can maybe let it turn for 5 weeks So here I see that the market is going down I make $10 I see that it starts to go down again and maybe I increase it to 20 and then I go to lower the average more quickly so These are strategies that everyone implements based on their own way of approaching the market in the case of The Gate We have here Purchase soon I will also show you the sale because few I think that few people even know about the existence of this stuff here but it is very interesting I can go and select the frequency So I can tell him buy every day buy every week or custom so I can tell him Every how many days to buy every day two days every 15 days I was saying for the crypto market the weekly works very well let's assume to set weekly I can tell him when to start if it starts today or starts on the 30th for example so it is already automated in this case let's do today and I want it to end here for example set October 14th let's leave October 14th Actually let's do 15 and round up how much you want to buy for each grid let's assume you want to buy $10 So now he will buy me $10 every week until the 15th and below here he tells me Look he will invest a total of $50 number of orders 5 Ok at this point I can tell him Fantastic go down here let's see the maximum Fi per order in this case the maximum Fi as we can see They are very low I can give the ok then I click create plan I can also activate the Zer here so in this case we see they are going to cancel because it goes to use limit orders so very very useful and I can tell him ok So create plan insufficient value because Ah ok $25 the minimum value no problem $25 in this case they will still be 5 orders but total amount 125 instead of 50 I say create a plan create now I have to sign with the Ledger So I 'm going to sign it continue the time I had set one has expired In the meantime if there are any questions something like that ok perfect let's put the order 25 not daily but weekly create plan create Ok Now I'm connecting to Ledger I have to approve and voilà Now it's creating my plan and here is my plan so at this moment it shows me the number of orders that we will make the amount of the order for each order the total amount that I will invest how much I have already bought in this case I just bought about $25 of eth it tells me how much I received of eth here I paid the Fei because I went to the market I made the first order at the market the others are placed there And here it shows me executed Here is me I click and it shows me everything, that is, there are, it shows me how many trades have been made, the commissions, everything at this point, if I'm wrong, I want to finish it, I can click finish and finish it at any time. So it's not necessarily that I have to stand there and watch. I have to finish it, no, I can finish it at any time.

I can also create it for sale, this is another thing that isn't looked at that much. However, in reality, using a sale amount, that is, doing this game here for sale, can be very useful, basically if we expect that ETH can, I don't know, perform from this point on, therefore starting to rise, perform well. I can tell him, Look, Sell me every week, every month, or if we see that we are here, for example, on a top, we see that it's rising really quickly. I can also give him a narrow interval, so I can give him an interval of, I don't know, Sell me every. Look, if I do a custom one, I can tell him, Sell me every minute, Sell me every 5 minutes, every 10 minutes, therefore hitting ta ta ta quickly in a certain interval.

Trying to sell here too, in reverse, at the highest possible average price, that is, I'm using the exact opposite. the price wave that is rising is rising quickly instead of selling and losing any levels I can place my Bot sell every hour sell every minute based on what I want to do and as many orders as I can sell and therefore obtain interest in that case from this movement here it can be used both in this way and in the other now I will show you I will throw you here in the history in the history I will show you clearly there are all the various Ports there they can be exported So also from a perspective then for the taxation these things here there is everything it is very convenient grid strategy we see all the trades made it is very well organized dca here as you can see I have activated several DCs over time in this case The last one started here is active So this is the one we saw before I will show you one that has finished just so you have an idea of ​​what it all looks like but what we saw before with all the various orders executed in this case I was buying $20 every week and I did it from 174 to 11 so a few days ago it ended and I remembered well and here it is And here it shows me how much I bought in this case About $440 of dith I went to buy over time but sometimes I bought at 952 this first order the second I made at 3100 so higher then we go like here we jump a bit here 2009 here I bought it at 3006 even higher then here the last ones made at 2004 so lower So what interests me is the average purchase price the more I can lower it over time the more potentially I can profit from the market Here on The Gate you can do all this while maintaining full ownership of your funds and this is the most important thing of all the fact that we always remain in control of our funds I would say that it can be seen We are at noon and it is the first time that I am punctual in closing in general I chat a lot ehm I would say that we can perhaps leave a little space for questions I will also show you the bonus that The Gate is leaving us today so Here you have a QR Code you will need to fill out this form filled out this form with your Wallet address So what you need Or maybe I'll show it to you like this is more convenient I'll show you what is required you will have two bonuses potentially one a Welcome bonus of $30 30 USD this is only for participants in appet so of you Here and a second very interesting one if you have a Grid Bot you will have a for two on the profits What does it mean it means that if you have a Grid Bot you make for example $100 of profits the maximum is $100 per person when you close it you have made $100 The Gate gives you another $100 so it's as if you had made a plus $200 and these are two bonuses that I thank the The Gate guys for having offered you and for participating in this workshop I'll show you what is here here Explain everything we said and just do then switch account let's put this one see a bit Ok perfect it asks you how you evaluate the workshop I hope well I hope that everything was good very clear and above all useful and the Wallet address used on The Gate this is important because otherwise it is not known and you can find it here at the top Just do View address once you are connected and You have the address Or if you already know the one with which you will then want to connect you can you can use it at this point indicate Elo here because otherwise they don't know where to send you the bonus I'll leave you the QR Code here so you can have it and if there are any questions I would say leave a little space for questions Ok yes yes but I didn't hear Hi Stefano Oh you can't hear I think Hi hi Yes now you can hear Eh I hear a little maybe you hear me better more or less there is a little there is a little echo very simple questions one is If it is necessary on how if it is necessary If necessary ok No absolutely not it is a dex so you connect with Wallet and that's it you don't need anything that V Yes ok Then I'm going to show you in practice Then let's do V So my advice is to already have everything above weekly if I want here the exchange th usdt in this case you see there is $400 I can tell him to start now and do what I know let's say $100 for each order so I would spend a total of $500 If I G say create plan create he created it for me And here he deducted my $1100 That is now I have $300 because I used 100 of them, what happens is that over time he goes to use those $100, he doesn't go to take them all, so if I have $400 and I want to start a Grid Bot or make exchanges, I can do it. The important thing is that I remember that every week he goes to withdraw those $100 and does the conversion for me. So then I go to integrate it over time and I can integrate USDT, I can integrate USDC if I want to use them as an exchange base or I can also make the exchanges against ETH, so I can use, for example, there is the WBTC against Leth and vice versa. I can do it, so it then depends on how I want to move, what I want to use as an exchange currency, but Yes, you can integrate it over time, it 's not a problem.

Here's the only thing. Being a dex, you clearly can't deposit Euros or Dollars, but you have to go through cryptocurrencies or ST Coin USDT USDC. Yes, hello S. Ok, yes, ok, excellent question, excellent question. So I'm going to go straight away, I'll unplug the Ledger, I'll attach the whiteboard and show it.

So let's see. Here you see the blackboard true Perfect then There are several cases in which the Grid Bot can fail it is a BOT that as I said first of all automates a strategy that we already have in Monte So if we have done our homework i.e. we have studied a certain asset it may make sense to go and use a Grid Bot I'll give you an example that maybe will touch me a little It's up to me But it will touch someone else too maybe we take the one I went to choose the one Because I think it's an interesting Inter asset maybe I didn't do due diligence maybe I didn't analyze this asset well Luna is traded let's assume here between 40 now and $1 so I create my own Grid Bot let's assume we enter at $50 I created my grid it's fantastic it's working Luna moves like this and it's beautiful Then something happens But it happens that Luna collapses in this case my grid fails it fails because Because I went to position myself on an asset that is not Bitcoin In fact usually when I make Grid Bots I go and apply them on ETH Bitcoin Solana and sometimes BnB but in any case I stick to assets that are already highly capitalized It's true that if you go on those with little capitalization like Classic mm Coin can be much more speculative fun and have faster gains easy money in quotes there is nothing easy but it is also true that we expose ourselves to a greater risk so the first big risk of the Trading Bot is not actually in the Bot but in the choice of the asset to use with that Bot because one collapses on me it will never come back on the grid bye now I have lost and I keep it there at a loss another risk of the Trading BOT on the grid is that of going off Grid it is said so choose maybe I saw Bitcoin that did this now it is moving like this I believe that Bitcoin will tend to move like this for another 5 months Ok What kind of probability do I have that this happens so I have to do a job in Monte once again for example I started my Grid Bot in the second month of laterality because it was very likely we were approaching the summer generally in this summer the markets are relatively flat and therefore it was much simpler on a probabilistic level that Bitcoin was in this area Granted and not granted that I do not go with all my capital straight just to set up a Grid Bot at this moment but I also have a holding maybe already of Bitcoin or other active operations or a whole series of things that tools I use and this is important the ideal of the Bots is to always use them in communion with other Bots with other functions never single That is if I throw my entire portfolio all on a Grid Bot No don't do it go and put maybe a part there a part in DC but This always depends once again on the strategy of each one in this case maybe I start now and Bitcoin flies out of my range I chose this range here Bitcoin flies starts to pump And here I find myself with a grid stuck in profit technically It depends on whether I was really unlucky that as soon as I opened it It started I lost but generally when I start let's assume I started Here he goes to sell me all the various Bitcoins he bought in this area he comes out of the grid so he goes off grits and I don't get anything more so that grid is dead at this point it's better to disconnect it wait maybe for this movement to run out a bit to understand second How is it going How is the market going So an analysis is needed upstream and reposition another grid instead because then maybe what happens you do the pump Then it goes back down and I say Oh how nice it's back in the grid if I leave it Active it starts to buy back again I'm happy Eh but then maybe the post halving is running out and then it goes back down and goes the other way and then again I find myself at a loss That's why I say there are no Evergreen Bots there are Bots that need to be applied Especially the more speculative ones like the Grid In certain market conditions therefore very very precise you need to be something that could be done technically is to go and hit bigger movements so if I know that Bitcoin tends to if I go and look at the various cycles no I'll give you the graph the graph that we all see of Bitcoin And this stuff done more or less like this a bit of a scrawl done but actually it made the top again more or less this stuff here but if we transform this into a logarithmic graph so we see the percentage increase of Bitcoin the graph is no longer that but it is actually something of this type where each drop tends to be always smaller we started at the beginning that it was around 93% the maximum drawdown we went around 84% to date the last drop was 79% when it touched 15k some few years ago so immediately post post pandemic after there was the no pre or rather after there was So before 2023 so to be clear currently We could assume that it continues in this type of trend so it continues to rise yes potentially Yes it depends on adoption it depends on many factors supply and demand as well as the difficulty of extraction once again I am choosing this asset because Because I am focusing and I believe it is a long-term asset it is interesting otherwise it makes no sense I shouldn't even look at it here too to quote Warren Buffett once again when I go to choose an asset to invest in or I am willing to keep it for 20 years in the portfolio otherwise it is not even worth buying it and holding it for a minute so it depends on us once again where we are going to position ourselves in this case potentially we could go and take the old bottom done so for example piazziola here it was 15k we take the 15k and I'm going to take the top that I expect it to reach in Quest Bull. Let's assume once again, I know, 80k.

Let's be conservative and place my nice wide grid here. So here I'm going to take a wider movement but I have to be aware that we are currently in this grid more towards 80k than towards 15k so we are already much further ahead. We are entering a position. We are opening a position already further ahead in time. Consequently, the potential Risk is a bit staggered because if I enter here we are at 60k.

That is, if it goes up, let's assume I get 20k of profit. Yes, but if it goes from 60 to 15, it's not really balanced. That's another matter. If I'm not interested in this thing here, I still want to position and create a grid to hold for 5 years, then that's a different story, so I'll start potentially. The best thing to do would be to wait for maybe a retracement.

I get a 70% 60% retracement. Indeed, given that it continues to go further, even a 50% reabsorption of the price, I know around 30k. 20k 30k is fine I start at 30k I keep a higher range 80-1K lower range and 15k and I let it start from there so I save myself a bit of movement that has gone down I start buying here at that point I let it oscillate but here it becomes a really long term game I tend not to use Git Bots in this way because it becomes really long term that is I prefer to place myself on a DC rather than create a grid of this type go instead on narrow grids on movements like this one that has been there for a long time throughout the summer and take advantage of the ups and downs within a certain range therefore use those that are the accumulation and distribution areas aware that at a certain point the prices exit and exit the range maybe from ups or downs and so at that point I close I take what I have taken and then I expect to reposition them these are the major risks on the spot Grid there is a risk that it goes outside the grid and so maybe I have to stay in Loss wait a long time or stay with a cashed profit and wait but obviously the risk is not that much if it went up I made a profit Yes I wait but I can close the grid the problem is the other way around when it goes up and maybe it stays out of the grid for a long time the price and I am losing I am losing the possibility of getting back all the capital entered and at a loss This is the greatest structural risk of a grip BOT at a strategic level Obviously as I said the choice of timing to enter is a good time to enter and a choice of an asset on which to position oneself but here it depends Precisely then on one's personal strategy