My crypto currency philosophy to make money.

My crypto currency philosophy to make money.

By steverobert | wealth concepts | 1 Jun 2021


My crypto currency philosophy to make money.

Just to note I have already pulled the $2000 I started with back and am playing with made money. I had some good luck to start early but now I must deal with a different world in crypto.

I want a safe and stable increase but also take advantage of the market as it rises and falls. This requires a 2-part strategy.

 

Part one to help decide on when to buy or sell a particular crypto (Tezos in this case.) I set an amount it was $2000 not its $4000, (it has worked that well). So I shoot for 10% gain. By setting an amount and a % it becomes an easy decision when to buy or sell. This can also be done with as little as $100 to get started.

So, with Tezos when it rises 10% or $400, I trade off the amount over the $4000 set point to a stable coin in my case DAI. This allows me to take profits, if it keeps rising, I keep resetting it back by trading to a stable coin. When the market drops, I buy it back from the stable coin to Tezos. This has worked well and requires very little monitoring, charting and other technical data.

4bcb94b3f3ca0034014835c56866bdd97b83815e2bc66fb117f201cde6026d5f.jpg

The 2nd thing I do has to do with the alt-coin I choice. Tezos is an affordable coin to get into but the best part is that by staking the coin I can earn 5% on the coins I’m holding. So when the market is down or the market is up I’m still earning 5%

9ebd0d02b5018267f77b5a8bc0b5b9e242aea9f09254582fa0856ec17b7211c2.jpg

 

I hope this will help you make some money in crypto too.

 

 

 

How do you rate this article?

1


steverobert
steverobert

network professional and real estate investor


wealth concepts
wealth concepts

Different points of views and strategies for building and holding wealth to live batter and retire early

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.