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RE: When In Doubt... Accumulate

in LeoFinance3 years ago

Volatility is absolutely the name of the game, however, since you joined in on this wild wide volatility has been far higher than even a year before. Also just my opinion and what I like to do when accumulating is to only trade crypto/crypto pairs and never trade against any national currency. Especially since many crypto/crypto pairs you have more than one other crypto to trade against giving you more options for increasing bag size without caring about the dollar value. :)

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I have not done too much of that, but I should start looking at some charts to see which pairs seem to run counter to each other. That might be a fun thing to play around with - Thanks!

It's definitely a great way to maintain the dollar value (even if it goes down) because you are increasing with more tokens so price returns and dollar value is higher :) it's especially beneficial for certain pairs and certain situations.

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I might take a look at what I can swap on KuCoin, maybe SAND v WAX, or MATIC v CHZ

Just take a week or at least like 3 days to follow the pairs your wanting to trade, find out if any of the projects have anything big coming up that could increase price. pretty much just research first and you will be more successful :). just my opinion though haha

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Haha, for sure. I always forget that step :)
Probably this ends up being a 3-coin project, with USDT in the middle. Maybe I can find available trading pairs, but that would limit things to ETH or BTC for the most part. Hmm, maybe I need to rethink the pairs I was considering and look at what tends to trade counter to ETH or BTC. Would just be simpler. Fun project though!