pionex

A cryptocurrency exchange with built-in trading bots, enabling automated trading strategies for users without requiring coding skills.

Pionex

Hey what's up guys. Welcome back to Modern Mining. Well I'm going to be doing something different in this video. I'm going to be putting $1,000 into a Bitcoin AI trading bot and see what happens over one month period. Are we going to make big rewards or are we going to lose a lot of money? Let's see what happens. 

I hear about these crypto companies all the time that are offering 200% on your Bitcoin, 400% on your Bitcoin, and a lot of them will reach out for sponsorships. I'll have to tell them no because after doing the research it seems too scammy and I don't want to recommend anything like that to you guys. But Pionex reached out and after doing some research their bots look actually pretty reputable. 

Pionex is a reputable exchange in the US and I'm sure you guys know if you're an exchange in the US you have to follow a lot of regulations. So therefore there's some protection there. Now what Pionex does is it has a variety of different bots that you can use. You can basically copy someone else's bot or use some of their pre-made ones and there's a couple different kinds. 

What we're going to be using today is called a grid trading bot. So it's going to take Ethereum and Bitcoin or you can choose different pairs like Solana and Bitcoin. It's going to basically switch between them when prices are low and high and take a little cash off the top each time to earn you almost like a dividend for your crypto. So it's got a nice little animation on the screen here is that we're buying when the prices are low and we're selling as the prices get high. 

So today I'm going to put $11,000 into this bot. It's going to buy a little.

Bit of ethereum and it's going to buy a little bit of Bitcoin and it's just going to swap between those for the next month. I'm curious to see will the results at the end of the month be better than just holding Bitcoin or will the bot perform better. Let's see what happens. 

There are some circumstances where pinex actually says that the Bots are better. So for example, if the market is moving sideways and the coins are going all over the place but one of them is not really taking off, then the Bitcoin trading bot is going to perform better than holding Bitcoin. But if Bitcoin just goes straight up, then holding the Bitcoin is going to be better because you're not selling anything as you go up. 

So you have a larger amount of Bitcoin for that price appreciation. So it really kind of depends what happens in the market over the next month, but it'll still be interesting to see how this works and see if it's something that you guys would want to get into. 

So let's go ahead and create this bot if you go into trade here on the px.

US site you can see on the left we have these Bots here. And like I mentioned we're going to go with the grid trading bot and it allows you to select a trading pair. So you could do this with Salon in Bitcoin or usdt in Bitcoin. But today we're going to do it in etherium Bitcoin and it gives you a couple options here. So you've got a 7-Day option, a 30-day option, a 180 Day Option. In this case we're going to go with the 30-day option. So you just hit start copying and then you're going to put your amount of Bitcoin into here. 

And there's also some parameters that you can see. Basically over the last 30 days this bot would have made 53% when you back tested against the market from the last 30 days. So we're going to put our Bitcoin in here. Unfortunately I didn't have the camera rolling so I already created this, sorry everyone. But all it does is it shows you you bought x amount of ethereum and x amount of Bitcoin. 

So let's go into my Bots and you can just go to your account up here in my trading Bots. And you can see this is the bot that I created when I didn't have the camera running. So just to show you guys this initial investment we put in 0.0143. If we put that into coin gecko we can see that that's worth $988. So basically $11,000 put in 1,000 usdt and then I had to do some conversions and that's where the 988 comes from. 

So I'll see you guys in a month. Let's see what happens. All right guys it's been 1 month and it's time to check in on how the bot is doing. And it's a little bit better than I expected. I wanted to do some weekly updates throughout but as you can see by the tan I've been all over the place. I went to D Las.

Vegas and Charleston all within the last month. So I've just been insanely busy. But what you guys care about is the performance of the bot. So let's take a look. If we go into my trading Bots, we can see right here this is the performance of the Bitcoin AI trading bot over one month. 

So first thing most importantly it actually went positive in terms of Bitcoin value. So the market itself Bitcoin ethereum they've all been down over the last month. I'll quickly show one month of Bitcoin is it's down a lot. So the bot in terms of dollars is down about $100. But that's not the fault of the bot. The bot is trying to generate Bitcoin. So we need to look at what is the Bitcoin earnings of the bot and you can see in one month it earned 6 Bitcoin. 

So if we wanted to right now we could pull out our 6% profits and keep the rest within the bot itself continuing to generate Revenue. So that's actually pretty good because 6 per month is about 7% annualized. Which when you consider like Bitcoin doesn't have staking so you don't really have a way to compound your Bitcoin like you would by staking ethereum. 

And staking ethereum is only going to get you anywhere from like 2 and 1 half to 4% apy whereas this is in the realm of 7%. So I'm actually pretty impressed with how this went. And if we break down a little bit more how the month went it's pretty interesting. So it started off actually pretty negative and we were actually down about 4% in terms of Bitcoin in the middle of the month. 

But just recently it's came back and at one point it was actually up 1.3%. But now we're down to that 6% range which is pretty good. So if I wanted to I could go.

Into here and release profit and I would actually be able to just release this amount of Bitcoin as strictly profit which isn't a ton but it also just sat there by itself no input for me for a whole month. So that's pretty nice. Some other things here you can see that our Arbitrage profit this is what we can actually cash out right now and our Holdings profit net loss is some additional uh profits that is not ready to be released yet. You also have right here our annualized profits like I was talking about and uh our accumulated profit right here and our total accumulated profit right here. 

So pretty interesting results and I was surprised by this. Bitcoin has taken not a 10% but close to a 10% drop over this period. And while the market was going down we were still able to get some profits out of the bot which is pretty nice. 

One thing I didn't really mention well enough in the beginning of this video is that the cool thing about these Bots is that normally when you're buying and selling crypto you're only getting a profit when you're selling those coins after they've increased in value. Well this gives you a kind of third option where you can just hold those coins and get those kind of dividends off the top and be earning on your Bitcoin Holdings. 

So it may not be for everybody but it is a pretty cool option out there and I'm interested. I'm going to keep using it for another two months. I'm actually going to switch by shortly we're going to sell this one and buy a new one so stay tuned for that. But in terms of my thoughts on this it's actually pretty interesting and I'm going to let this $11,000 run for another two.

Months and see what happens. Now would be a good time to say if you want to get one of these Bitcoin AI trading Bots or any of these other currencies. In the month of July, PEX is offering free $30 AI trading Bots to anyone who signs up using my link below using code modern Mining. You'll get a free Bitcoin AI trading bot, which is pretty sweet. You have to be a US customer and you have to pass KYC verification. A lot of people are hesitant on the KYC verification, but that's just the way that crypto is kind of trending towards. With this being a reputable US exchange, that's the stuff that you're going to have to go through.

Let's go ahead and sell this bot, and then I'm going to hop on the phone to create a different bot because the phone app allows you to actually copy other people's Bots, which they are probably better than me at tweaking all the parameters of the bot. So I wanted to try that one out for the next two months and see if the returns are any better than the one that I used over this last month. So if I go to my wallet here, we can see that I have $889, and it's split between Ethereum and Bitcoin since this was an ETH Bitcoin bot. 

So let's sell this bot and see do we get killed by fees or is it not too bad. So we'll go to stop the bot, and are you sure you want to stop blah blah blah? You want to help us automatically sell ETH into Bitcoin? Yes, because we want to just have a bag of Bitcoin at the end of this. So let's confirm. Looks like it's doing the selling. Oh, don't kill us in fees. Just working on selling the rest right here it looks like. Let's go ahead into our wallet and see. Okay, very good on fees.

Actually we ended up with $890 and we had $890. So that is pretty awesome. Okay, so now that we have that sold, let's go ahead and hop onto the app and try to copy a new bot. We'll let that run for two months and I'll do a monthly update in one month and another update after that. Sorry for the middle finger guys and we'll see, uh, what happens after that. 

Okay, so I've got the app pulled up on just my little burner phone here and you can see my account still have $890. But the difference between the app is on this homepage you can see preset bots that basically other people have created and then they share them so that you can just copy them with one click. This is great because I'm not going to lie, I don't have a great understanding of the parameters that go into when to sell and how to set those grid spreads basically. 

You can also see this AUM, which is how much money is actively under management in that bot. So you can see this first one only has $5,000, that's about nothing. But this Bitcoin AI bot has 4.3 Bitcoin, so that's close to $250,000. So that's the one I'm going to use and it's as simple as just hitting copy bot and then it pulls you up to the details page. 

So this is just that something that that creator has wrote: best bot for 2024 bull market operates 247. We recommend holding long-term six months, which is good because, like I said, I'm going to be doing profit updates for the next few months on this bot. Last cycle track record over 1500% in USD, which that seems a little suspect, but it is in USD, so it's probably calculating how much US Dollars, uh, Bitcoin has appreciated over the past.

Year um so if we want to copy we basically just hit this copy button. But we can see that this is again an eth Bitcoin pair. It's swapping when the value of eth BTC goes up and down. And so with that let's go ahead and hit copy and we're going to invest Bitcoin. And we'll do all the Bitcoin that we have 0144 and we'll hit confirm. Confirm and is created successfully. 

Okay so now if we go to our bot home screen right here we can see our new bot. Uh the 24 hour and total transactions is at zero because it was just created. So stay tuned in a month and let's see does this spot perform any better. Do we get consistent returns? Was our 6 APR return kind of a fluke? 

And next month we'll also try to maybe pull out some of the profits that it makes and see if we can just pull those out and cash them out or if there's something funky that goes on there. But I want to say thanks to PEX for sponsoring this video and thank you guys for staying tuned. I know this is not your typical crypto mining content but hey any chance out there that is reputable that can potentially earn us a couple extra percentage on the coins we already have is something that's at least worth investigating. 

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Pionex Video