The different bots from EazyBot

At EazyBot, there is a distinction between Stablecoin-Growing Bots and Bitcoin-Growing Bots.

Stablecoins are coins with stable price movements, maintaining a constant value.

EazyBot offers trading on Binance against Tether (USDT) or Binance USDT, and on KuCoin against Tether (USDT) and USD Coin (USDC).

Tether
(USDT)

Binance USD
(BUSD)

USD Coin
(BUSD)

The Stablecoin-Growing-Bot

When trading between a volatile coin and a stablecoin, the trading bot primarily focuses on the price movements of the volatile coin in comparison to the fixed value of the stablecoin.

The stablecoin is typically expected to have a stable value, such as 1 US dollar.

The bot analyzes the price dynamics of the volatile coin relative to the stablecoin to identify trading opportunities and make corresponding trading decisions.

If you let EazyBot trade volatile coins—like Solana (SOL)—against a stable coin, such as Tether (USDT), each bot continuously monitors the price movements of the volatile coin in comparison to the stable value of the stablecoin. It uses technical indicators and trading signals to identify potential trading opportunities and make corresponding decisions (buy/sell).

In other words:

When a bot is started, an "Initial Buy" is triggered. 

If the price drops by a percentage of X after the bot starts, the bot makes additional buys, referred to as "Covers."
This process can go up to 38 covers deep, designed to protect against a market decline of up to 51% from the bot's starting point.

As the price rises, the bot sells the covers sequentially in reverse order, generating profits at each point and thus contributing to the growth of the stablecoins.

It's important to note that the buy or sell orders do not happen automatically when the price fluctuates by X%. Instead, the bot waits until it identifies a peak or a valley.

If the difference between the last trade and the current peak/valley exceeds the specified X%, the bot "arms itself," then waits until it detects a small price correction of 0.5% in the opposite direction.

This way, it identifies the current peak or valley before executing the buy or sell order.

The Bitcoin-Growing-Bot

Here, in contrast to the previously described method, TWO volatile coins — e. g. Ethereum (ETH) and Bitcoin (BTC) — are traded against each other, whereas in all other bots, a volatile coin is traded against a stable coin.

As previously mentioned, the Stablecoin-Growing Bots aim to increase the holdings of the stablecoin.

With the Bitcoin-Growing Bot, the goal, as the name suggests, is to increase the Bitcoin holdings in its assets, which will, of course, also be valued based on market fluctuations—this is another difference from the Stablecoin-Growing Bots.

When trading between two volatile coins like Ethereum (ETH) and Bitcoin (BTC), the trading bot primarily tracks the price movements of ETH in relation to BTC.

Since both ETH and BTC are volatile and can experience significant price fluctuations, the bot analyzes the price dynamics between the two coins to identify trading opportunities.

The goal is to profit from the exchange rate fluctuations between ETH and BTC by enabling the bot to buy or sell ETH at the right time against BTC.

In other words:

When starting such a bot, an "Initial Buy" is also triggered.

However, in this case, the price fluctuations of the two volatile coins are compared, and the differences in their prices are analyzed to execute a buy or sell action.

Our Bitcoin Growing Bots

In our portfolio, alongside the bots shown here, there are also two Bitcoin Growing Bots.

By clicking the button below, you will be directed to the page where we present our results with the Bitcoin Growing Bot.