What If We Trade Everyday?
It seems that we are in an unenviable position at the moment for the market that is a little confused due to the crises the world is witnessing, which in turn not only affected the crypto market, but also affected the economic market next to it.
But there are those who call them opportunity hunters who find bright spots in the black and take them, and this is the case for digital currencies. Your wallet may be red, but you can make some money from trading while the market is in this downturn.
But how ?
I tell you, if you look at the chart at the bottom of Bitcoin, you will find that it is fluctuating around 47 thousand dollars, and this is the weekly chart.
What if you trade every day and set an upward target of $500 and a downside target of $500? I think you will benefit from this chart. Whoever moves sideways and fluctuates in this way will make you profit on average about 25% in that previous period.
That is, if you own one bitcoin, you will have won about 11 thousand dollars, and certainly we are not among those who own one bitcoin, but I tell you that the matter also applies to Altcoins, which are also casually going around a certain price.
Trading Altcoins
As I mentioned to you, the same applies to altcoins. If we look, for example, at Polkadot, we find that it is also moving in a sideways direction around the price of 25 or 26 dollars, with peaks touching 28.5 dollars and a decline of up to 24 dollars.
Therefore, trading Altcoins is also more profitable with a drop of about 5% and a rise also by the same percentage, which makes you a profit of an average of 30% in the previous period as well.
And this is the advantage of those who think with reason before emotion. Exploiting such opportunities makes your balance positive in light of this violent decline, while many complain and others are waiting for the situation to be modified.
Yay! 🤗
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That's called dollar cost averaging, what if we buy daily for $10, then at the end of the month you will get the average amount of bitcoin.
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