Thanks for this! I’m not sure I understand why you are using a different trading pair for this, though... The basic idea is to buy back at a lower price than you sold it for, right? Couldn’t you do the same with BTC? I think I’m missing something ;)
RE: Markets in decline? Here's how I still make money!
You are viewing a single comment's thread from:
Markets in decline? Here's how I still make money!
Sometimes when there isn't a lot of price movement trading against one pair, you might find that there is movement trading against a different pair.
I was really just trying to highlight that, and also show that profit can be made when the value of a coin is decreasing too, as I've noticed a lot of new comers to trading start panic selling when the market goes into decline.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ah OK! I've never really looked into that since I only use BTC as a base currency, but this is good to know. Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You're welcome.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit