True. A better way to make money is to buy at dip and sell at peak for well established coins. You can earn profit like that even on daily basis, if the prices are somewhat stable. I am planning to write a bot that can do that automatically. I had some success doing trading like that manually, and I want to practice that a bit more before incorporting that logic into my program.
Will you connect it through an API to access your trading exchange account?
YesI think so. However, I still have to check how i can trade through exchanges' APIs.