I’ve been working on HodlBot the last year with two other co-founders, completely bootstrapping our way to $100M in executed trades with +10,000 users across 80 countries.
As big fans of indexing & passive investing, we initially created HodlBot because we were frustrated there weren’t any simple indexing solutions out there for everyday investors.
Historically in the equity markets, indices have outperformed 90% of active managers over a 15-year period. We believe a well-diversified cryptocurrency portfolio will yield similar results compared to active traders.
Existing solutions either were only available for accredited investors, had terrible liquidity, or simply didn’t track the price of the underlying assets correctly.
We took a different approach by directly integrating HodlBot with the APIs of popular cryptocurrency exchanges (Binance, Coinbase, Kraken, Kucoin, Bittrex). Our users hold the underlying assets, we don’t have withdrawal access, and we follow best practices to encrypt user data.
When we first launched a MVP last year, all it did was diversify your portfolio across the top 20 coins by market cap.
Since then we’ve added the ability to:
-Create a custom portfolio weighting users can tweak
-Create a custom index based on a starting & ending rank, with percentage caps, and different weighting strategies
-Automatic rebalancing (custom frequency or threshold) that keeps your portfolio on track
-Backtest a portfolio to see how it would have performed in the past
-Blacklist coins you don’t want to include in an index
-Cash-out a % of your portfolio into any coin in order to exit the market
-Track the performance of your portfolio
-Diversify your portfolio across cryptocurrency exchanges (Binance, Kraken, KuCoin, Bittrex, Coinbase)
We’ve grown completely organically with $0 spent on marketing by focusing on niche community engagement and content marketing.
We’re big believers in being transparent and writing down what we’ve learned. If you want to learn more about how we’ve grown, here’s how we bootstrapped to $2kMRR in the firs month.
For better or for worse, we named the project after the HODL meme as an ode to the early investors of cryptocurrency.
Out of curiosity, we mined every mention of the comment HODL on Reddit from 2017-2018 and looked at how the average # mentions of HODL were affected by price volatility.
I built a portfolio management tool for cryptocurrency investors. I was able to get to $2k MRR in the first month with a MVP without quitting my job. Here’s how i did it:
I consulted for an automobile manufacturer that was looking to acquire a new catalytic converter start-up.
One of the main reasons for their interest was the fact that this new catalytic converter used 30% less palladium than the next leading product.
The other was because of the looming fleet fuel efficiency requirements. If the total fleet fuel efficiency was below the target, the companies would get fined for emissions on a mpg basis. You could also earn additional revenue if your cars had better mileage than were necessary since credits were tradeable.
Other things that were considered included mileage improvements/savings that could potentially be used to differentiate between competitors since catalytic converts could also improve fuel efficiency.
Do you really need to have the car physically in order to sell it? Can't you just have a comparable display model that is used for test-drives? When sale progresses, then you can show them the actual vehicle and sell it to them for a discount.
I’m Anthony the founder of HodlBot.
I’ve been working on HodlBot the last year with two other co-founders, completely bootstrapping our way to $100M in executed trades with +10,000 users across 80 countries.
As big fans of indexing & passive investing, we initially created HodlBot because we were frustrated there weren’t any simple indexing solutions out there for everyday investors.
Historically in the equity markets, indices have outperformed 90% of active managers over a 15-year period. We believe a well-diversified cryptocurrency portfolio will yield similar results compared to active traders.
Existing solutions either were only available for accredited investors, had terrible liquidity, or simply didn’t track the price of the underlying assets correctly.
We took a different approach by directly integrating HodlBot with the APIs of popular cryptocurrency exchanges (Binance, Coinbase, Kraken, Kucoin, Bittrex). Our users hold the underlying assets, we don’t have withdrawal access, and we follow best practices to encrypt user data.
When we first launched a MVP last year, all it did was diversify your portfolio across the top 20 coins by market cap.
Since then we’ve added the ability to:
-Create a custom portfolio weighting users can tweak -Create a custom index based on a starting & ending rank, with percentage caps, and different weighting strategies -Automatic rebalancing (custom frequency or threshold) that keeps your portfolio on track -Backtest a portfolio to see how it would have performed in the past -Blacklist coins you don’t want to include in an index -Cash-out a % of your portfolio into any coin in order to exit the market -Track the performance of your portfolio -Diversify your portfolio across cryptocurrency exchanges (Binance, Kraken, KuCoin, Bittrex, Coinbase)
We’ve grown completely organically with $0 spent on marketing by focusing on niche community engagement and content marketing.
Here are some of our best blogs:
https://www.hodlbot.io/blog/when-does-portfolio-rebalancing-... https://www.hodlbot.io/blog/how-many-cryptocurrencies-are-si... https://www.hodlbot.io/blog/how-cryptocurrency-prices-affect... https://www.hodlbot.io/blog/a-thorough-investigation-of-the-... https://hackernoon.com/the-3-types-of-cryptocurrency-traders...
We’re big believers in being transparent and writing down what we’ve learned. If you want to learn more about how we’ve grown, here’s how we bootstrapped to $2kMRR in the firs month.
https://www.hodlbot.io/blog/zero-to-two-thousand-mrr-in-one-...
Wiki: https://wiki.hodlbot.io Telegram Group: https://t.me/joinchat/IjezjhAAC-...