Question 1

How long has the EFS Crypto bot been running?

Accepted Answer

Our crypto bots have been in up and running in operation since 2019. The bots have also been back tested with sophisticated third party software to as far back as 2013, ensuring that short-, mid- and long-term gains were always in positive territory.

Question 2

I’ve heard of bots before. What makes yours different?

Accepted Answer

Experience, consistent performance, and maintenance! Bots are designed to perform in a certain market environment… as long as that market doesn’t shift or change, ever, it will always succeed. However, sadly markets don’t always just go one direction. So someone has to change the bot to match the change in the market. Built right into the model of our business is bot maintenance. The success of any trading bot lies in its active maintenance, someone has to update the bot. This is the downfall of DIY bots for consumers, while it’s the pride of EFS Crypto bots. We actively maintain the bots so you can passively reap the rewards. With a bot that can be consistent, you then have a tool to scale your accounts.

Question 3

What is a “Bitcoin cycle” or “market cycle”?

Accepted Answer

As the terms suggest, these are the ups and downs of Bitcoin and the crypto market. These cycles are traditionally related to, and balanced by, the largest market cap coin, Bitcoin, and its production halving every four years.

Question 4

Does the bot earn profits when the market is down, or drops?

Accepted Answer

Absolutely. Trading bots love volatility, up or down. You will see some of our best months have been in down markets, primarily because when markets go down, they are more predictable than when they go up.  EFS Crypto bots bag up the “dips” in milliseconds. Buying the dip has never been so simple.

Question 5

What happens if the crypto markets drop suddenly?

Accepted Answer

Our trading bots will seek out and buy almost every dip along the way, looking to close with every brief correction to the upside, as the coin value continues to plummet. Avoiding risk is tantamount to winning when crypto drops. Markets crave equilibrium…so the faster the price drops the higher the probability of a reversal in price. EFS Bots are currently programed to handle a sudden 60% drop in price.

Question 6

Are my daily gains compounding on themselves?

Accepted Answer

For two of our bots, the Bitcoin Accumulator and the Cash Accumulator, they do compound their accumulation. Our Crypto Accumulator does not feature compounding growth because they are not the same types of assets, therefore they can not be compounded.

Question 7

The gains/yield you’ve claimed seems really high. Too good to be true in fact.

Accepted Answer

There is a very low chance of the bot taking a loss on a trade. The primary way a client would take a loss on a trade is if they manually went into their account and decided to sell at a loss. This is a common misunderstanding of how trading works. The only reason that you need to take a loss on a trade is because of the time horizon of your goal…for example day traders need to get in and out of trades every day…and if that means they need to take a small loss to recapitalize themselves for the next trade moments later…they will. Whereas with our long term risk management strategy we would rather wait for several days to exit a trade in profit, rather than exit same day with a small loss just to turn around and accomplish the same goal.
​
While the returns might seem high, EFS bots are not, nor will they ever be, the highest yielding bots built. The approach of EFS bots is to accumulate and maximize the results over a 4-6 time period. EFS will not change their risk management approach and increase the risk of the account in order to only slightly better returns. EFS cares more about capital preservation than a few extra percentage points each year. Remember, if you loss 20% of your account, you now need 25% gain just to get back to even.

Question 8

How will I know if my bot is performing like you say it will?

Accepted Answer

You will be able to see this in two way. Your own client view of your Coinbase Pro account online or in the mobile app will give you an understanding of your balances. And EFS Crypto will provide monthly reporting to dive deeper.

Question 9

In an “up market” for crypto, will my bot perform better?

Accepted Answer

Most likely, but it depends. Success in trading is due to capturing volatility in the markets, so whether the trend is going up or down isn’t nearly as important as HOW it is going up or down. When the markets are going up, the assets you accumulate are also going up, when the markets are going down though, you are accumulating more of the assets that will help you perform the best in an up trend. There have been remarkable “down” market months where our bots have outperformed even the best “up” market months. This is because of the built-in risk management factors that can have tremendous impact on occasion in a down cycle.

Question 10

What cryptocurrencies are being traded? Can I choose?

Accepted Answer

The cryptocurrencies traded by EFS bots are based on selections made by the EFS Crypto owners for their, fundamentals, the liquidity and historical trading volume  of the asset, as well as the volatility levels and risk profile. There will be between 6 to 18 at any given time, and among them will be Bitcoin and Ethereum most all the time.

Question 11

What if I just want to accumulate one specific cryptocurrency, like Bitcoin or Ethereum?

Accepted Answer

In their appropriate cycles, this is a very good idea, and EFS Crypto will do this for you. EFS Crypto has a Bitcoin Accumulator that can be deployed for you. However, at this time, an Ethereum Accumulator is not available due to a low number of ETH trading pairs, but as the markets develop over the next several years, EFS will be looking to launch and deploy an Ethereum Accumulator.

Question 12

What happens if my bot performs well for a while and then begins to underperform?

Accepted Answer

If your bot that we’ve deployed for you is underperforming that means that the company’s bot is as well, since they’re linked together. You can always contact support to verify that your bot is working appropriately. Sometimes, its something simple like an unreported substantial balance change due to a client's withdrawal or deposit. Sometimes in down markets your bots are accumulating assets because they are at a value level, but its also possible that those same assets may not be sold until the next month, so what looks like an underperformance could also be the bot preparing for an overperformance in the near future. That's why we focus on the annual performance and not the monthly.

Question 13

Does my bot, and every other client’s bots for that matter, look and perform the same as the company’s bot?

Accepted Answer

Short answer is, YES! Technically they will be difference by small amounts simply because if the bot wants to buy Bitcoin at $30,000 there are only so many sellers at that time and exact price…meaning that once those sellers have sold, someone will buy from the next available seller at $29,999.99 and some may have to buy at $29,999.98.  But all bots look and perform the same from the risk management perspective and trading perimeters. When the bot settings need to be updated due to market conditions, one change at the top and all client bots are affected to match instantly.

Question 14

What if I want to take money out or deposit new money in?

Accepted Answer

It's your money, you stay in control! You certainly can, any time you’d like. The only request is that you email our support team to say “I took out $X” or “I deposited $X” so that we can make sure your bot is calibrated to the right amount. We don’t want a bot to be too aggressive because you took out half the capital and we don’t want a bot to be too conservative because you added another 40% to your account. This simple request of communication helps EFS fulfill their commitment.

Question 15

How often can I take profits off the table? And why?

Accepted Answer

Whenever you’d like. It is your capital. It is your Coinbase account. You are in complete control. With that said, since the bot is already reducing your risk over time (the primary reason you typically want to take profits) to maximize the results of your bots you want to leave as much in during the market cycle to take full advantage of compounding growth and the increasing value of the crypto our bots are accumulating for you. Withdrawing funds “out of cycle” could hinder (cost) you in rapid growth in the last year of the cycle.

Question 16

Can I “dollar cost average” funds into my account?

Accepted Answer

Absolutely! While you will want to start with a substantial amount at first, adding more capital to increase your account monthly or quarterly is an excellent idea. The only request is that you email our support team to say “I deposited $X more” so that we can make sure your bot is calibrated to the right amount. We don’t want a bot to be too conservative because you added another X% to your account. This simple request of communication helps EFS fulfill their commitment.

Frequently Asked

QUESTIONS

READY TO SCHEDULE YOUR 1-ON-1?