This strategy arises from the multiple losses, product of the unexpected falls of the market: To understand the exercise, you must know the following (at the time of writing this publication, the values described below were handled, corresponding to the currencies we will use:
100 USDT equivalent 0.01064 BTC equivalent 2.219 LTC
Imagine a triangle in which there are 03 Cryptcoins (in the upper point we will place USDT, in the left point we will place BTC and in the right point LTC (the use of strong currencies is recommended for the application of this strategy) The above will be our initial amounts, the strategy is based on taking advantage of a fall in the market (so that when the BTC drops in value, I convert my USDT balance to a BTC balance or in other words, I buy BTC (this implies that I will have a profit, that is, I will get more BTC)
Once the above transaction is completed, I have two options: the first is to wait for a rise in the value of the BTC and buy back USDT (generating profits, which would be the best case), and the second is if the value of the BTC to continue to fall.
If the second scenario occurs, I wait for the LTC to fall in value, and I convert my BTC balance to an LTC balance (making a profit from being able to buy many more LTC currencies). If the market rises to its initial position, I convert the LTC balance to a USDT balance (making a profit). Another case is if the LTC does not increase in value to the initial position, but if its value with respect to the BTC I convert the LTC balance to the BTC balance (obtaining a profit generated from being able to buy many more BTC currencies)
This strategy can help you get more BTCs or more LTCs than the initial amount; but there will be times when you have to wait for a market recovery to pass the LTCs or BTCs to USDT and walk away with a profit. It is a simple strategy, but it helps me prevent losses from unexpected market declines. I hope you find it useful,.... Successes!!!!.
Note :
This strategy is based on some of my experiences in the crypto coin world, it is not a business recommendation, therefore its use is at the risk of the user.
Written by:@trabajosdeliglo
The strategy is good, I hope to implement it in the future .... thanks for sharing
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For those who have traded or have notions about it, you can understand the strategy.
I tried to do it, but, I'm convinced that trading is not my thing hehe. But it's a way to avoid losses, I find it quite interesting and effective actually. In this you have to be very patient, to be able to see results, emotionally intelligent. And strategic.
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my dear friend far beyond capital the hardest thing to control are emotions " panic and greed
are the enemies in this activity " greetings
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@tipu curate
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Upvoted 👌 (Mana: 12/16) @swap.app - quick steem <-> sbd swaps
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You have been upvoted by Steem Greeters from STEEM POD Project and we are voting with the Steemit Community Curator @steemcurator03 account to support the newcomers coming into steemit.
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