Making $$$ and losing it all

1. Making (and losing)
$$$ with Cryptos
Jon Vlachogiannis
@jonromero
(call me Jon V)
Superhuman Wealth Management

2. Let’s talk about me (my favorite subject)

3. First to run algotrading strategies on Ethereum (Google: Ethereum algotrading)
Algo-trading FX for a long time
Founder of AgentRisk [Quantitative Wealth Management Firm]
Serial Entrepreneur (last company sold to Splunk)
Angel Investor (and investor at TradingView)

4. Enough about me.
Let’s talk about you.

5. Life of a Cryptotrad$r

6. Typical morning (at 11am)

7. Typical breakfast (still 11am)

8. Work time

9. Party!

10. Go to sleep

11. Life of a real Cryptotrad$r

12. Good morning sunshine (3am, 5am, 6.30am, 7am, 9.30am)

13. Work time

15. Go to sleep (?)

16. So, how does it really really work?

17. Let’s talk about the one thing that
everybody is doing and doesn’t work

18. Swing Trading

19. “I am selling and buying and I make $300 every day”

20. “Oh, it actually broke the resistance. I’ll wait to come back”

21. “Any time now”

22. “Ethereum? Nah, way overvalued”

23. Algotrading Basics
1. Build (or use) a platform
2. Make sure that the platform works
3. Re-build the platform (it doesn’t work you fool!)
4. Use a simple strategy in a demo account
5. Use the strategy in a real account
6. Lose money
7. Try a simpler strategy
8. Go back to (1)

24. Version one

25. Release

26. Version 2: To the moon

27. Release

28. Version 3:
hint:still doesn’t work

29. My Ethereum story
1. Super simple
2. “Guaranteed” to make money (arbitrage)
3. Running from my RPI
4. Started with “coffee” money
5. Made insane returns
6. Lost them all (DAO Hack)
7. Made even crazier returns due to ETC
8. Made more when DAO funds released

30. The algorithm
1. Buy DAO/ETH from Kraken (1/1)
2. Send it to Shapeshift for ETH/DAO (1.2/1)
3. Send ETH/DAO back to Kraken
4. Buy DAO/ETH from Kraken (1/1)
netting 0.2 ETH each time.
Do this thousand times using Python, nodejs and
Kraken/Shapeshift APIs - check the code on github

31. Thanks!
If you want to learn more,
check out jon.io
Jon Vlachogiannis
@jonromero
Superhuman Wealth Management