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Comment by techaddict009 | Hacker News Reader

I follow this manually. Buy 100$ worth top 30 crypto every week on bittrex.

Manually? So every week you do 30 separate trades on Bittrex? Seems like a lot of work and also you have 30 transaction fees (including the spread cost) for only $100.

I like this idea, but only if it's scripted and for more than $100 per run.

Transaction fees (including the spread cost) on cryptocurrency exchanges are typically a percentage rather than a fixed amount. So it doesn't matter if you do $100 every week or $400 every four weeks.

Yes, you're correct -- my mistake. Bittrex's fees are 0.25% of each trade.

My point about doing 30 trades every week manually is a lot still stands though. Maybe I'll try scripting this with Bittrex's API. It would be cool to have an option to scale each trade size by the current relative market cap, so you can have your own crypto index fund.

.15% I think it is? Or is that a different fee class

That's exactly what I did. I'm doing it on poloniex, but I'm pretty sure you could do the same for bittrex too. However, they are a bit limiting on the kind of orders you can make (I believe it's limit orders only). Poloniex has fill or kill orders, which makes some things easier to handle.

https://github.com/charlespwd/crypto-trader

i am ok with diversification, but 30 is way too much i think. I prefer leveraging the investment on less cryptos putting more in less of those

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