The Logistics Behind Being a Legitimate Crypto Sniper

Crypto snipers CAN make a lot of money. Why did we capitalize and bolden (that's a word today) can? Because only the best crypto snipers make the big bucks. The rest of them cry. But it's true that if you sit and watch ETH to USD on charts on Bloomberg, Yahoo Finance etc for long enough, you might snipe yourself a few dollars.

Is that where the money is at? Not necessarily. The best crypto snipers watch the up-and-comers and the meme coins. Most snipers sit and watch meme coins and wait for their initial $0000000000.20 value to increase rapidly and make their money. For example, in January 2024, upon the release of Satoshivm (SAVM), three snipers made a profit of $1 million each.

And there are countless examples we could give you that sound like that. Read on to learn about the logistics behind successful crypto sniping.

The Basics of Crypto Sniping

The crypto sniping strategy is developed on speed, accuracy, and automation alongside market baiting.

It's the ability to buy and sell and capture many market opportunities, like token launches and liquidity events. A mix of automated bots, smart contract scrutiny, and predictive strategies lets Snipers win over the competition.

Crypto snipers can be divided into two categories:

Automated Trading Bot Users—A day trader who operates on bots designed to scour the market and consummate trades instantly.

• Token Launch Participants—A trader who buys a novel token before its general availability period.

How Automated Trading Bots Work

It's mostly bots - don't let anyone fool you.

Traders buy crypto sniper bots to have the advantage of finishing trades before competitors or even users. The bot's code is set up for each particular opportunity, which means it could range from a hundred dollars to a phenomenal amount.

Features of Crypto Sniping Bots:

● Real-Time Monitoring: Bots check blockchain meme pools every second for new token releases.

● Instant Order Execution: Bots can facilitate trades based on preset conditions without needing to be toggled on.

● Gas Fee Optimization: Certain bots pay higher gas fees to get first priority over others, so their trades are processed first.

● Auto-Sell Functionality: Several bots are capable of being set to sell automatically when a certain profit or market cap threshold is achieved.

The Strategy of Token Launch Snipers

Token launch snipers aim to buy new coins before there is public access to them and they get sold out. Their spearhead? Speed.

Steps to Execute a Token Launch Snipe:

• Load ETH onto your sniper wallet—Make sure your sniper wallet has enough funds to perform the necessary trade.
• Pre-Configure Sniper Settings—Configure the precise amounts for buyer limit, gas limit, slippage, and bribe.
• Paste the Contract Address—Put the contract address of the coin and enable the auto-buy feature.
• Monitor the Market—After the token is live, purchase the coin at the opportune time and make the trade.
• Exit Strategy—The final trade should be made using a stop-loss or profit target to enable automatic selling scenarios before there is a drastic market fall.

Warning: we're not telling you to do it, we're simply telling you the steps to the process.

Risks and Challenges of Crypto Sniping

Although sniping could prove to be highly profitable, it is riddled with challenges:

1. Front-running and Sandwich Attacks

Another user or a bot may choose to front-load your order during a trade, causing the intended trader to end up paying much more for a given asset.

2. Rug Pulls and Scam Tokens

With certain tokens, scammers will create hype and jack up the price only to drain liquidity later, broadly rendering the tokens worthless. This has been common recently!

3. Failed Transactions and Gas Fee Wars

Gas fees can reach unimaginable heights, and registration costs can become so inflated that they become an obstacle to successfully completing a trade.

4. Overpaying for Tokens

When bots are poorly programmed, they are bound to buy assets during market spikes. Traders find themselves stuck with tokens worth far less than what they paid for.

Insider Trading and the Role of Snipers

Insider trading is an especially complex problem within the crypto space. Developers and other internal employees usually have an upper hand on impending token listings and liquidity events, meaning they get early access to information before the general public. This means they can buy low and sell high without anyone knowing what's happening until after everything is done.

Can Snipers Beat Insider Trading?

It is relatively easy to manipulate this market, and even though trying to beat insiders is quite the challenge, some advanced bots known as sniping bots can outsmart insider traders. Noti Sniper Bot, for example, prevents sandwich attacks and front running by directly sending transactions to block producers instead of the public meme pool.

Case Study:

● $BAKED Token (June 2024): June 2024 saw the launch of $BAKED Token and within half an hour, a sniper bot managed to turn $10,000 to $3 million in 30 minutes for the simple reason of hacking insiders and strategically opting to buy from a liquidity pool instead of the launch platform.

● $WATER Token Disaster: In 10 minutes, a poorly executed sniper lost around $716,000 by being dumped after making impatient trades.

In other words, you do not win a crypto snipe without advanced knowledge. Whether you sit idle or take the spot to snipe at and avoid being left in the dust is entirely in your hands.