RE: Binance up/down3 Apr 2021 10:50
Hi Fek
btc up and down.
Up is kind of straight forward if you have faith in btc as if you buy and the price drops, it is likely to come back up if btc rises.
Down I would say is high risk i think you need to be in and out quickly as if btc moves up you could be left out in the cold as btc may not return to your buy in value.
I am still trying to sort out my strategy
I think btc up is the way to go, low risk.
I thought now is to treat it like a share so if I buy £5k @ 180 and it goes up to 190, I sell 50% and wait for a retrace and then buy back in.
Then rinse and repeat.
Btc down looks straight forward to get a return but beware
I have dipped into eth down as this looked good and generally eth has been following the graph of btc.
Unfortunately eth has started reacting quite differently to btc. Eth has reached a recent high.
I would recommend crypto platforms as a form of investing but also keep money in shares.
If anyone has a dabble please be careful of investing in down
atb