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RE: DSwap update: 50% gains in a month of market making. What are you waiting for?

in #dswap4 years ago

Haha, you can't steal my thunder because it's your thunder too! In fact, it's everyone's thunder! For too long, market maker bots on Hive & Steem have been the specialized domain of those few with the highly technical skills needed to code & run them. But now we're bringing bots to the masses! Anyone can use DSwap to have their own market maker up and placing orders in just a few minutes, by filling out a few fields on a setup form.

Now, I make that sound easy, and it is, but making sure it stays profitable is a bit more challenging as others have pointed out in their comments. You have to monitor performance and fiddle with the settings to optimize behavior for current market conditions. You have to know when to turn off the bot to protect yourself in periods of rapid price movement, and when to crank it up to place orders more aggressively. So it's not just a passive set-it-and-forget-it kind of investment. Active management is required; it's one part science, and one part art. Performance and returns will vary considerably.

But clearly there is a great deal of potential here. You can't argue with my 50% return after a month of using the market maker. That's a simple fact. Of course past performance is not a reliable indicator of future gains, but I'm nonetheless feeling pretty encouraged by these promising early results.

I'll have a post coming out later describing my early experience with the market maker in more detail, and sharing some tips for how you can get the most out of it.