Did You Know That the APR % on Crypto Trading Bot Stats are Meaningless and Should Be Ignored??

2 months ago 33

Don’t pay attention to those, seriously.

C.W.Morton

The Capital

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?

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