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RE: Traderdaddy.com Tutorial

in #cryptocurrency8 years ago

"** Please note, it is required that you have a minimum of 1 BTC in your account, and recommended that you have no less than 1 BTC per market selected available for the bot to use. This is due to the way the trading algorithm works and is necessary in order for the bot to be used to its fullest potential."

You mean i must invest 5btc in bittrex to use this bot ? And another 500$ in RBY ?

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Nobody is telling you to invest anything, but if you want to use the trading program 1 BTC per market is needed due to the way the trade algorithm places orders. And it being "conditional freeware," yes, you will need the 500 RBY, which is currently at about $0.45 USD, so its closer to $225 USD, or roughly 0.08 BTC at current market price.

Nobody is forcing your hand on this. Its entirely optional to use. And why allow users to gain access to this for free?
The whole idea is to provide a simplified and automated trading program that anyone has access to while still supporting the developer's original project, Rubycoin.

As suggested in the tutorial, feel free to join slack or IRC and ask questions. There are plenty of users that will show you stats from their accounts validating the legitimacy behind this.

Can we use 500 RBY and a smaller amount of 1btc to test it out ?
Or it is not worth it ?
Thanks for your answer.

The bot won't allow your account to start trading if it doesn't detect the 500 RBY so that is required no matter what. As far as the 1 BTC goes, I don't have any say or control over that matter. I've seen it work fine with less, but I also know first hand that it works 100x better with the proper amount of funding. My suggestion would be to join the Slack channel. I can fully see why putting 1 BTC on the line for this sounds super risky, considering the value of BTC these days.