HODL bot was created to help you make long-term investments into your favorite cryptocurrencies using a Time-Based DCA (Dollar Cost Average) strategy.
This is how it works.
You choose your favorite cryptocurrency that you believe will appreciate in value over time (typically months and years).
The bot will invest the amount of funds you specify in the cryptocurrency at regular time intervals that you also specify.
It will then repeat the purchase of the cryptocurrency until you stop the bot.
For example, let's say you have $300 a month to invest in cryptocurrency.
You believe in the long-term future of Bitcoin. You could choose to configure HODL bot to buy $300 of Bitcoin every 30th day or set the HODL bot to buy $15 (min in HODL bot) of Bitcoin every 2nd day at 0600hrs - it's up to you! Awesome, right?
So this will accumulate the coins on your balance no matter what price it is - the bot will keep buying at the same time for you every day/week/month.
This will make the average price smoother and lower.
Again - this is a long-term strategy with positive results confirmed over time.
Now it's time to create a HODL bot.
Open the HODL bot page
Configure your new HODL bot's settings:
Choose the exchange (only SPOT exchanges are available!).
Choose the coin that you want to accumulate.
Choose the currency of the funds you wish to invest with (the minimum amount is 15$).
Choose the time period when the purchases should occur (min 1 day, max 30 days).
Choose the time when the purchase should happen.
Choose the day when the bot will make its first purchase.
Double-check the settings and click on Create bot button.
Congratulations! You have now created your own HODL bot!
When you return to the HODL bot page in the future, you will see the progress and status of the bot.
What does an active HODL bot look like?
The HODL bot has a clean status display that shows the following:
The status and the name of the bot, which can be easily edited.
Amount of assets to be spent on buying another asset and the exchange name.
Total profit or loss in absolute value and in % from the asset value at the average price.
The information about the bot that includes:
Healthcheck - the bot's processing status.
Buy every specified period of time.
Next buy date.
Average buy price of the purchased asset.
Current market value - the value of the purchased assets at the current price.
The button to Stop the bot.
The button to Manage the bot.
After you click on the Manage button you will see this:
Information about the bot:
Total assets bought with average price.
Current market value with 24 hours change.
Next buy date with purchase frequency.
Buttons to Stop the bot and to Delete the bot.
Editing section. Here you can edit only the amount of assets to spend on purchasing another asset, the frequency of purchases in days, a time of the day to purchase and the starting day.
Here is the chart to help you analyze the market and decide when to start the bot and how frequent it should buy the assets.
After you are done editing the bot, click on Save button.