How To Make $2000 Per Day With Ai Crypto Trading Bot 2024
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Introduction
Creating a passive income through cryptocurrency trading has become increasingly popular, and one innovative way to achieve this is by developing a trading bot powered by AI. In this article, I’ll walk you through the entire process of creating a bot using ChatGPT for Ethereum smart contracts, which can help you identify sniping opportunities within the market. However, it's crucial to remember the inherent risks in cryptocurrency trading, including the presence of scammers and suspicious transactions. Always practice asset safety and ensure all transactions are secure.
Getting Started: Ensuring Asset Safety
Before we delve into coding, it’s essential to underscore that the world of cryptocurrencies can be perilous. The best way to safeguard your assets is to avoid dubious transactions and unofficial platforms. If you’re well-versed in the rules of asset safety, we can move ahead to configure our bot.
Building the Bot: Coding the Smart Contract
To begin, I requested ChatGPT to generate a code for an Ethereum smart contract that automates sniping opportunities. Once the code was ready, I headed to Remix, a Web3 application designed for developing, compiling, and deploying smart contracts coded in Solidity.
Step 1: Setting Up Remix
- Ensure you have the MetaMask browser extension installed and are connected to the Ethereum Mainnet.
- If it’s your first time using Remix, you may need to accept their terms.
- Create a new contract and name it
bot.sol.
Step 2: Pasting the Code
Copy the code generated by ChatGPT and paste it into the newly created contract file. Pay particular attention to lines 13 and 14 of the code, which contain addresses of Wrapped Ether tokens that the bot will compete against. These addresses can be verified on Etherscan.
Step 3: Compiling the Contract
Back in Remix, compile the contract, ensuring the Solidity version is set to 0.6.0, and enable optimization.
Step 4: Deploying the Contract
Next, navigate to the “Deploy and Run Transactions” section. Set the environment to “Injected Provider” to interact with your MetaMask wallet. Confirm the contract deployment by paying the necessary gas fees.
After deploying, ensure the contract is confirmed. The contract will show available functions, including a start button to begin market monitoring and a withdraw button to stop the bot and retrieve funds.
Funding the Bot
To enable trading, fund the contract with a sufficient amount of Ethereum—more funds can lead to larger trades and higher potential profits. After confirming the deposit, click on the start button to allow the bot to begin sniffing the mempool for various liquidity pairs.
Monitoring Performance
After about five hours of operation, I noticed that the bot had generated approximately 2.6 Ethereum—yielding a 30% profit. Several transactions contributed to a total net profit of 0.6 Ethereum. After running the bot for another day, the balance reached over 2.8 Ethereum, showcasing the bot's ability to potentially recoup investment quickly.
When ready to withdraw profits, simply click the withdraw button, confirm the transaction, and the profits, along with your initial investment, will be transferred back to your wallet.
Conclusion
Create your own AI-powered crypto trading bot can lead to significant passive income, as illustrated by my experience. Always keep an eye on the market conditions and be aware of the risks involved.
Thank you for reading! I hope this guide has provided you with valuable insights into generating passive income through crypto trading bots. Subscribe for future videos and articles on web3 coding and innovations.
Keywords
- AI Crypto Trading Bot
- Ethereum
- Smart Contract
- Passive Income
- Sniping Opportunities
- Etherscan
- MetaMask
- Gas Fees
- Liquidity Pairs
FAQ
1. What is an AI crypto trading bot?
An AI crypto trading bot is a software application that uses artificial intelligence to automate cryptocurrency trading, making decisions to buy or sell based on market data.
2. How do I create an AI crypto trading bot?
You can create an AI crypto trading bot by using coding platforms like Remix to develop an Ethereum smart contract, integrating it with AI models, and deploying it through a wallet like MetaMask.
3. What risks are involved in using a trading bot?
Risks include market volatility, potential losses, and exposure to scams if the bot interacts with unreliable platforms.
4. How much can I earn with an AI trading bot?
Earnings depend on various factors including market conditions, investment amount, and bot efficiency. Some users have reported earnings of up to $ 2000 per day under optimal conditions.
5. How do I ensure the safety of my assets when using a trading bot?
Practice asset safety by avoiding suspicious transactions, using trusted platforms, and frequently monitoring your accounts to detect any unusual activity.
