Turning $6506 of Bitcoin & Ethereum into $1M using Grid-Bots — 96% after 108 days
Abstract
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 lower, I now have a total capital of $12,737 in USDT which is 11.56% more than 30 days ago.
Since my last update on April 29, BTC grew by 15.6% while ETH grew by 26.6% so in this particular case the market outperformed my strategy over the past month, meanwhile since February 14, 2024 when I started this strategy, Bitcoin has been up 36.4%, so overall I’m significantly better with my strategy by a factor of almost 3X.
I’m currently running a ETHBTC bot with a 10X leverage, which has been activated 11 days ago.
I picked ETHBTC pair because I believe with the new ETH ETF that is about to start trading, the Ethereum asset may outperform Bitcoin for the next few months. So, I selected a range between 0.05 and 0.08865 with 169 grids. This bot will swap ETH for BTC when the price of ETH is growing faster than BTC, while doing the opposite when the price of BTC grows faster. Overall, I’m accumulating both assets without even touching USD, so this strategy should do well as the bull run continue to expand for at least the remainder of the year.
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.
Is the strategy on track to generate $1M before mid-2025?
Please refer to my earlier post for an explanation of the strategy. Overall, I’m relatively pleased with the results, however at the current rate of return, I don’t think I will be able to reach my million dollar target before a major market collapse. In any market, returns above 10% per month account for more than 200% ROI per year with compounding which is amazing, however in the crypto industry this is almost considered weak. On the other hand, my results are quite consistent and with relatively low risks, so I don’t think I need to change much for the moment. In regards to a ETHBTC grid pair, I think I can increase the leverage to 20X relatively safely since I’m currently at 10X but very far from liquidation. This may be the tweak needed to push me back into the 20%+/month return.
The power of compounding is important to understand; let’s make a hypothetical scenario based on the current results of 96% ROI in 108 days. It would make me miss my target of reaching $1M by mid-2025, however I have a feeling things may grow faster than expected later in the cycle. However, since I had made the claim it was on a $20K investment and I only invested $6506 so far, then I’m not too broken up about it even if I’m a little short.
Feb 14, 2024: Initial Capital Investment
Mar 21, 2024: 55% after 30 days
Apr 29, 2024: 75% after 75 days
Jun 1, 2024: this post
Summary
Once a month, I will publish an updated blog post on the results and discuss if I am on track to achieve my goals. Meanwhile, do not forget to follow me on Twitter (x.com/Crypto_Rookies) to get more time-sensitive changes to my trades for any of my investment strategies. While such returns seem out of reach, I have achieved much higher returns in the last crypto bull market, however I had not learned to take enough profits before the market crash even if I knew it was starting to overheat. I strongly advise anyone who follows me to not make this mistake, and make sure to understand that everyone is a genius in a bull market, but taking profits along the way can feel bad until there is a significant collapse at which point you’ll very much appreciate the sacrifice.
About
Crypto Rookies is a crypto investor, serial entrepreneur in Artificial Intelligence and Web3/crypto with expertise in tokenomics and market making. Currently CEO of Smooth, which focuses on solving the problem of 95% of crypto-currencies failing in their first 2 years. I’m also launching a private community where I’ll be teaching web3 entrepreneurs, traders, and investors to replicate my investment model and helping them daily to achieve their goals. For entrepreneurs, wasting time trying to secure investors is the worst thing to do. The crypto industry has given us a way to finance ourselves, and we may as well use it.
Smooth prevent such failure by:
1) Community building with AI (signup to be an alpha tester to unlock great rewards)
2) SEC-compliant Tokenomics
3) Market Making (hybrid between stablecoins & altcoins)
4) Treasury management (10%-100% APY depending on risk)
This blog channel generates 10,000+ views per month on the topic of tokenomics and crypto investments, so if you are interested in becoming a sponsor, please reach out to Crypto Rookies.
Meanwhile, please feel free to join the various communities I am involved in and do not hesitate to reach out.
- YouTube: Mikhail Yergen
- Cyrator (a transparent and reliable token review/ranking community where anyone can join, contribute and earn)
Also check out some of the early stage crypto assets that I’m actively using:
- DeBridge, a bridge technology that relies on market makers instead of actually bridging assets.
- GRVT, it’s a Decentralized zk-powered crypto exchange.
- MarginFi, it’s a peer-to-peer lending protocol on Solana.
- Drift, it’s a Decentralized crypto exchange on Solana.
- GetGrass, a DePIN project for shared internet bandwidth with an upcoming data labeling system
Use my referral code below for various crypto tools used for trading:
Centralised Crypto Exchanges to trade with Leverage and Grid Bots:
