AI Cryptocurrency Bot Stoic With Returns +2,120%

Stoic, a cryptocurrency trading app with AI by Cindicator, has returned over +2,120% since its public launch in September 2020.Sponsored

Sponsored This post reviews Stoic, trench dives into how the app and its cryptocurrency trade strategy work, and explores performance in its first year .Sponsored

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What is Stoic? 

Stoic is a dim-witted cryptocurrency trade app that allows users to connect their Binance accounts to a hedge fund-grade quantitative trading scheme .
While most other cryptocurrency trading bots require the exploiter to build and fine-tune a strategy, Stoic works right after it ’ sulfur linked to a Binance account ( presently the alone exchanges Stoic supports are Binance ball-shaped and Binance US ) .
It ’ second very easy to get started with stoic :

  • Install the mobile app or sign up for the web app;
  • Create the API key for a verified Binance account;
  • Scan the QR code with the app. 

After that, the strategy starts to run in approximately 24 hours. Unlike with other cryptocurrency trading bots, no complicate settings are required to get started .
Stoic charges an annual fee of 5 % of the user ’ sulfur starting balance. The minimum want balance is $ 1,000 so the lowest fee would be merely $ 50 .
While for the drug user Stoic is very elementary, under the hood it runs a trading algorithm that was initially developed for a hedge fund .
To sum up, Stoic ’ mho advantages are :

  • A well-tested quant strategy. Built by a team behind hedge fund Cindicator Capital;
  • Easy setup. Starts trading without any settings from the user;
  • Low fees. Just 5% a year, zero fee on profits; 
  • Start even with $1k. Low minimum account balance lets almost anyone try Stoic in action. 

now that it ’ randomness absolved how the Stoic app functions, it ’ randomness time to explore its deal strategy .

How Stoic cryptocurrency strategy works

Built by the Cindicator team, the Stoic app is the result of years of know in cryptocurrency trading .
Since 2017, Cindicator has collected millions of cryptocurrency forecasts from over 180,000 users registered on its chopine. Cindicator then applies AI to these forecasts to far increase the accuracy. All this data was used to develop and test dozens of quantitative cryptocurrency strategies, initially available via Cindicator Capital, the team ’ sulfur hedge store .
The stream Stoic ’ sulfur scheme is a long-only portfolio of a broad rate of cryptocurrency assets .
here is how the Stoic cryptocurrency strategy works at a high level :

  • Selects the investment universe. The main criterion for considering an asset for the portfolio is that it should have at least $10 million in daily trading volume. This weeds out illiquid assets that might be subject to pump-and-dumps and other manipulations. 
  • Picks the assets and position sizes. To decide how much of each cryptocurrency to buy, Stoic algorithmically analyzes each asset, looking at volatility, correlation, and other data. This quantitative research aims to maximize the chances of picking assets that are poised to continue on an upward trend. 
  • Rebalances regularly. Stoic also rebalances the portfolio every day. The algorithm evaluates each position and might sell assets to either cut lossees earlier or take profits.

Most importantly, Stoic ’ s algorithm helps users to get rid of emotional biases in their trade .
While building a portfolio shouldn ’ thymine be excessively complicated, it ’ randomness easy to get distracted by emotions. For model, when some assets start to surge, it ’ randomness difficult to stay healthy and avoid FOMO buy ( the Doge mania was a prime example ). And when prices plummet, it might be tempting to merely hold, hoping the prices recover. finally, it ’ s even more difficult to avoid panic-selling at the buttocks.

Read more: Forum Policy

Stoic ’ s rational number approach to trade already delivered great results .

Is Stoic safe? 

many prospective users put it bluffly : “ is Stoic legit ? ” well, Stoic is surely legit. It was developed by Cindicator, a company that was founded in 2015 and entered the cryptocurrency industry in 2017. The team is public and has been through several cryptocurrency booms and busts while continuing to ship successful products .
however, like with anything that has to do with cryptocurrency, Stoic is hazardous .
As always, the independent risks in cryptocurrency are price excitability and security .
security is the chief priority for cryptocurrency exchanges. right now, Stoic works entirely with Binance, the world ’ second largest cryptocurrency change. Binance invests billions of dollars into batten cryptocurrency custody and in its years of operations, there were no breaches that affected exploiter funds .
however, price excitability is ineluctable and that ’ s no exception for Stoic ’ s strategy. In fact, high volatility is what drives outsized returns in cryptocurrency. Stoic uses that to the exploiter ’ south advantage without negative emotions : it aims to buy when prices are first gear ( and everybody ’ mho scared ) and take prices when prices go up ( and people become avid ) .
Any electric potential drug user should understand that Stoic ’ s strategy does not guarantee any profits. however, it does its best to help the exploiter reap the maximum benefits of the rising cryptocurrency market .

Stoic review: performance

First users joined Stoic flush before the mobile app was released. Those audacious traders connected the algorithm to their accounts in March 2020, amid one of the deepest corrections .
Since then, Stoic returned +2,120 %, beating both the passive voice restrain of Bitcoin arsenic well as an equal-weighted portfolio of cryptocurrency assets .

As a long-only strategy with no short-circuit, Stoic works best in a bull marketplace. This minimize risks : short-circuit has theoretically unlimited downsize and liquidations of shorts are platitude. For case, in April, cryptocurrency short-sellers lost closely $ 1 billion in 24 hours .
even without short-selling, Stoic ’ s built-in hedge function aims to soften the impact of grocery store sell-offs. As a hedge, Stoic holds a part of the portfolio in USDT stablecoins. This helps to reduce the order of magnitude of a drawdown in case of corrections. And after corrections, this provides Stoic with the funds to enter positions at big discounts .
furthermore, the hedge place setting is not electrostatic but responds to market conditions. When the algorithm views the grocery store as overheated, it increases the USDT placement to prepare for a potential sell-off. Similarly, after the prices go down, Stoic ’ s algorithm reduces the USDT share, using stablecoins to buy more cryptocurrency assets .
This overture has helped to significantly outperform BTC in the second quarter of 2021, which saw a 40 % correction .
Stoic ’ s past performance is amply guileless and is available in the show mode right after signing up. The libra on the chart above is from one of the team ’ s populate accounts that have been running since March 2021 .
With the latest update to the Stoic ’ randomness app, you can flush compare your own performance to the Stoic portfolio .

Compare Stoic to your own trading

The Stoic app is capable of reading the drug user ’ s history of past transactions on Binance and analyzing the performance .
Stoic automatically builds a chart of the exploiter ’ south remainder and compares it to Stoic vitamin a good as Bitcoin and Crypto20, an equal-weighted index of the exceed 20 cryptocurrency assets.

It ’ s often said that everybody is a genius in a bullshit commercialize. Yet it ’ randomness sobering to look at the actual trade result and compare it to a in full automated trade strategy. Given all the time and emotional energy spent on manual trading, connecting Stoic ’ s algorithm to an account seems like a no-brainer .
Try Stoic now and put your cryptocurrency trade on autopilot.

Disclaimer

All the information contained on our web site is published in good faith and for general information purposes entirely. Any natural process the lector takes upon the information found on our web site is rigorously at their own risk.

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