November Success Story: 3-5 ETH Daily with ChatGPT | Beginner’s Guide to AI Trading

Summary

In this video, learn how to create and run an Ethereum sniping bot that uses AI to automatically identify profitable trading opportunities on the blockchain. The bot monitors price changes, executes trades before others can react, and generates passive income without requiring coding knowledge. The tutorial walks viewers through deploying the bot using Remix IDE, funding the contract, and tracking profits in real time. With demonstrated profits after just a day of running, this bot offers a simple, hands-off way to earn from Ethereum trading with minimal effort.

Takeaways

• 😀 Sniping bots can generate passive income by quickly buying and selling tokens on the Ethereum blockchain based on sudden price changes.
• 😀 ChatGPT can generate the code for a smart contract that automates the sniping process without needing coding knowledge.
• 😀 Remix IDE is used to compile and deploy the smart contract to the Ethereum network.
• 😀 Ethereum gas fees are required for deploying the smart contract and making transactions on the blockchain.
• 😀 You don't need wrapped ether to interact with the sniping bot, but you do need to check contract addresses on Etherscan for accuracy.
• 😀 Once deployed, you fund the contract with Ethereum to allow the bot to make trades, with larger deposits enabling larger trades.
• 😀 The bot monitors liquidity pairs and executes 'sandwich' transactions to capitalize on market opportunities.
• 😀 After 12 hours of operation, the bot can generate significant profits (e.g., 31% return on investment in one day).
• 😀 You can withdraw profits from the bot at any time by clicking the 'Withdraw' button, with ETH returned to your wallet.
• 😀 Profit generation can vary, with some users reporting weekly returns of 3-6 ETH or more, depending on market conditions.

Q & A

What is the main purpose of the Ethereum sniping bot described in the video?

The Ethereum sniping bot is designed to monitor the blockchain for new tokens and sudden price movements, enabling users to buy or sell tokens quickly to take advantage of these opportunities and make passive income.

How does the bot gain an advantage over other traders?

The bot gains an advantage by acting quickly—buying or selling tokens before most traders even realize the price movement or listing, allowing it to capitalize on price differentials.

Do users need to understand coding to use the sniping bot?

No, users don't need to know any coding. The process is simple, and the script for the bot is provided, making it accessible for anyone without technical expertise.

Where is the smart contract for the sniping bot deployed?

The smart contract is deployed on the Ethereum network using Remix, a tool that allows users to deploy and run Solidity-based smart contracts.

What is the role of the MetaMask browser extension in the process?

MetaMask is used to connect the user's Ethereum wallet to Remix, enabling the deployment of the smart contract and the payment of gas fees for transaction confirmation on the Ethereum network.

How are gas fees relevant to the bot's deployment?

Gas fees are required to confirm transactions on the Ethereum network. The bot’s deployment and subsequent interactions (like starting and withdrawing funds) incur gas fees, which are paid using Ethereum from the user's wallet.

How does the bot monitor the market for trading opportunities?

The bot continuously monitors the Ethereum network for new token listings and sudden price movements. It uses smart algorithms to identify profitable trading opportunities and executes trades on behalf of the user.

What happens after the bot is deployed and funded with Ethereum?

Once deployed and funded with Ethereum, the bot starts running, searching for liquidity pairs and identifying profitable trades. Users can adjust settings like gas speed to optimize performance.

How much Ethereum was initially funded into the contract, and what was the profit made in 12 hours?

The contract was initially funded with 1 Ethereum, and in 12 hours, the bot made a profit of 0.31 Ethereum, increasing the balance to 1.31 Ethereum.

What can users expect regarding the bot’s performance over time?

The bot's performance can vary, with profits fluctuating weekly. In some cases, users have reported making 3 to 6 Ethereum in a week, although results may differ depending on market conditions.

What is the final step after the bot has made profits?

The final step is to withdraw the profits. When the user clicks 'withdraw,' the bot stops trading and returns the initial deposit along with any profits back to the user's Ethereum wallet.