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Congratulations on your newfound wealth! If you wouldn't mind my asking, what APIs are your trading bots using? Or did you cook them up yourself? Onto the mor
by Dracophoenix 5y ago
Congratulations on your newfound wealth!
If you wouldn't mind my asking, what APIs are your trading bots using? Or did you cook them up yourself?
Onto the more pressing topic, have you considered moving to a low tax state that doesn't tax dividends or capital gains? You also might want to look for remote work offerings either from your current employer or elsewhere.
As far as wealth management is concerned, unless it's retirement or child-related, I don't think anyone can give you any advice. If there's something you want to do with your money after you debts and living expenses are cleared, plan it out and go do it.
- fire_thrwaway 5y agoWhen I started it was definitely possible to make a (small) profit running open source code. Over time I've forked different open source implementations where most of the code I am running at this point is custom. The nice thing about the blockchain is that you can see how other people are making money. The most important and difficult thing is probably finding an opportunity that is new enough and small enough to not yet have attracted bigger players.
- Dracophoenix 5y agoI don't plan on competing ;) I just take an interest in how systems like these are built. If you could direct me to some of the original repositories and forums you've used, that's good enough for me. Also, you might want to consider making your situation known on https://www.reddit.com/r/financialindependence https://www.reddit.com/r/financialindependence There are very helpful people there who might be able to help you.
- fire_thrwaway 5y agoThanks for the link - good idea! This post should give you a good idea of what something like this might look like, although I think it would be very difficult to profitably conduct arbitrage in the manner described on the Ethereum mainnet today. https://blog.infura.io/build-a-flash-loan-arbitrage-bot-on-infura-part-ii https://blog.infura.io/build-a-flash-loan-arbitrage-bot-on-i...