I can’t help but notice that I see some crypto enthusiasts posting on social media about their crypto bot successes and specifically highlighting the estimated APR from their crypto trading bot app.
Then I realized that I had also never explained this, and it might be confusing to some people.
Please understand, I LOVE to see people having success with bots and being enthusiastic about it. I am not trying to rain on your parade if you have made posts like that.
When I first started my first bot, I saw that number and got excited.
Until I realized what it’s actually doing.
LYING CONSTANTLY.
Lmao.
Unless that bot has been open and trading for an entire year, those estimates mean exactly JACK SH#T!!!
Why?
Because it’s calculating that number based on a very erroneous assumption.
What is that assumption, you may ask?