Bear market happens

Hello dear CELT enthousiasts,

another exchange hack, we know that brings in the bears. And bears are 'not good' for our CELT strategy for the fact that the ether equivalent value of the crypto's goes down and thus showing up as a loss in the tracking of our reports. In theory the bear market is only one step in the profit taking of the strategy where it accumulates crypto on the downtrend and the sell limit positions stay where they need to be to take profit in the next bull run.

Wallet performance

With the implementation of the huobi arbitrage, it started to complicate the reporting sheet a bit, the sheet needed upgrading and the reporting was not as flawless as it should be. Let's get to it and check weeks wallet performance, it'll have a bearish outlook like I mentioned above.

Wallet buildup:

Wallet etherequivalent evolution

I've been fixing some inputs to match the actual situation like the funding of the huobi arb account wasnt 0.5 eth but 0.5 eth + 30 omg from the coss wallet.
Also the OMG invested in thaodex 's arbitrage fund to increase volume on coss has been deducted from the amount of eth invested to keep tracking performance accurate.
If you want to look at the numbers yourself you can check this at:
https://docs.google.com/spreadsheets/d/17beD1nxf_sZ3zh1tXAsLUlDHe-KykKZ6YZCEfQAw3xs/edit?usp=sharing

My conclusion is we're dropping a bit in ethequivalent value due to bear market, the process of accumulation and arb is still the same.

We're trying to keep things as transparent as possible. Again shoutout to @aume27 for making this happen through the awesome work he did on the automation of generating reporting sheets .

COSSbot group

Reminder available for alpha acces. More info about this here: https://medium.com/@jimmydeal/cossbot-alpha-testing-commenced-85af5824f50b
The bot has a working automated strategy. So it needs as many people as possible to get the optimal settings for accumulation.

COSSbot derived upgrade planned

They have implemented a way to log trades at runtime which would make it easy to do some statistics on those trades afterwards. I am planning to implement this in CELTbot so I can fetch more actual stats on how many crypto has been accumulated, order placement and actuall volume generation. This would be a nice extra to show that even though the ether equivalent has been down, the bot actually managed to increase it's holdings by accumulating. High amount of trades making the history page impossible to load.

Twitter feed

Daily stats should be pushed on the community maintained twitter @acossmulation

Kucoin arbitrage

Implementing Kucoin arbitrage should be fairly easy once someone comes forward who wants to buy some CELT and put it's eth towards arbing all pairs in common with Kucoin

Coding a dapp

My coding efforts this week have been set on creating my own dapp game on the Ethereum blockchain. Looking for people to test it soon, probably this weekend. Waiting on the first iteration of the UI. More info on this on a seperate steemit post this week.

decentralgear.com

The site owner is a COSS supporter and supporter of the coding effort for COSS, he is offering a 10% discount if you use the discount code SP10 at his store. So if you're looking for crypto related merch make sure to stop by his site to check out https://www.decentralgear.com/

Roadmap

• Add other exchanges to arbitrage feature upon specific funding
• Keep wallet reporting up to date
• Look for anything that could improve CELT

I hope you guys enjoyed this week's steemit update.
Help me out by upvoting here and spreading the word.