Living Off Crypto Trading Bots

Here is how I did it.

Here is how I did it.

“If you could buy an income, instead of working for it, would you?”

I started with a Lifestyle oriented goal.

Thank you, Tim Ferriss, for the inspiration!

I wanted to earn, without working, so I could pursue my genuine interests without the stress of making ends meet.

That was the twinkie at the end of the string that made me more tolerant of risk taking in crypto.

To bend ALL sources of income to my lifestyle, NOT the other way around.

The other way around is why even successful people get burned out, and have to mantra their way through life seeking a “work/life balance” they aren’t truly satisfied with.

A little over a year ago I was testing grid trading bots, finding a little success but nothing over the top, and then a new type of bot was released.

I was totally unfamiliar with it, but after testing for a few weeks I was hooked. I am talking about Martingales.

They invest incrementally over a price dip, then sell all at once, making sure you take the most advantage of market volatility possible.

The basic math :   Starting with $10,000 I earned by :

I started a Martingale ETH/USDT bot on KuCoin.

Starting in Dec 2022, It took 5 months to ROI — earning 10k with the trading bot.

As the bot was capturing profit, I extracted into USDT and held for interest, until I had reached $10,000.

I then took that $10,000 and started another Martingale bot — this time a LTC/USDT trading bot.

I started this bot on a different exchange just to be safe.

I had learned that Pionex also had a Martingale bot, so I decided to test it, and it had roughly the same results.

I want to keep my assets in different places to avoid the risk of a single company being jacked/hacked disrupting my cashflow.

The LTC bot earned a little less in the following 6 months, but not much. About 6 months ROI.

My ETH/USDT Bot pulled in another 10k within 6 months.

Then I started a BTC bot about 6 months ago. 
Same results, more or less.

Now I have three Martingale bots running, each one shooting anywhere from $100 to $200 at me every 1–3 days. Approx.

My plan is to keep this rolling forward until I have 5 bots running.

I am already living off of 2 of the bots, and using the third to compound. I am 3/4 of the way to my 4th 10k bot.

I plan to have 3 bots to pay my bills and live on, and 2 bots to generate savings/investments.

Then, I will keeping rolling it forward, but I don’t think Im going to put any more than 50k into the bots.

That’s my risk tolerance on bots running on centralized exchanges until my cashflow breaks into a whole new level.

I went from trading $100 balances in 2017, to $1000 balances in 2020, then stepped up to $10,000 balances in 2023.

The logical next level is $100,000 balances.

It seems like a giant leap from where I am, but I remember how far I’ve come in a relatively short time.

And when talking balances that big, I am not sure sure about centralized exchanges anymore. At that level, my strategy may totally transform into something with less risk, and less dependency on volatility capture.

The blog I have written explaining my strategy (video included):

And now that my income doesn’t require showing up for 40 hours anywhere, I am free to try other business ideas without the burden of stressing to make ends meet.

Thank you for reading!

Until next time….

Onward and Upward Everybody!

-Chris

Automated Income Lifesyle w/ Chris Morton YouTube

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