General Description
Inspired by PlanB, Uses on-chain data. Outperforms buy & hold
The BTC Blaster, developed by the DQC Quants, is the second algorithm (algo) in the series of the “inspired by PlanB” bots.
Similar to its sister algo BTC Booster, the BTC blaster is based on real on-chain analysis of the
Bitcoin Blockchain and tracks the rate of coins changing hands.
In addition, certain long term price developments will support the signaling of this algo. The BTC Blaster is not an algo that will be subject to frequent trades per week or month. On the contrary, it follows long term signals that will be updated constantly and the algo will only step in or out when there is a firm indication dictating it to do so. The bot is single coin algo, but relies on the coin that has been there since the start: Bitcoin. It benefits from a vast number of data
points all embedded in the Blockchain.
Tip from the bot creator
The true value and intelligence of this bot is combining in-depth analysis of the Bitcoin blockchain with historical price developments over the last 12 years. As a result, we in DQC firmly believe that the signaling function on the BTC Blaster is another reliable traffic light for the Bitcoin investor.
Description for techies
BTC Blaster is a DQC proprietary tool that constantly ploughs far and deeply through the BTC Blockchain monitoring at which rate BTCs change hands on-chain. It then combines these with historical price data of Bitcoin. The algo identifies the best moment when to step out and back
in.