Today (july 24th) the price of DASH on Poloniex rose about 10%:
So I wanted to do an experiment: believe in the fall of price and rebuy more units with the sell revenue.
I just sold a total amount of 0.70901624 DASH at price 0.07542141 DASH/BTC. The revenue was 0.05360903 BTC.
I'll wait for the price to drop a little and then rebuy.
But here is the thing: with those BTC I bought some LTC (3.23989199 units).
For two reasons:
- I strongly believe in this coin
- I believe it's a good time to buy it
See this Litecoin chart. See the moving sideways pattern.
Best case scenario: LTC goes up this weekend. DASH goes down. I sell those LTC and rebuy much more units of DASH.
Worst case scenario: DASH goes up. I still have more units of a strong coin (Litecoin).
I'll be updating this post late this week.
Let's see what happens.
alright.... thanks for sharing
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I've also considered doing something similar. Trading to gain more units of a coin instead of for the "dollar value" of a coin.
I'm also happy with Litecoin, but have used most of mine to buy STEEM.
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The dollar value is good for us to see price of the coin through time.
The BTC price is good for doing exactly this: selling on a good pump, wait a few days and then rebuy when the price is lower :)
Yeah, LTC is great for the long term.
What are your objectives with your STEEM, man?
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DASH price is 0.046. Just bought 0.05 BTC of it = 1.0869 DASH :)
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