The best solution we have for a Big Loss in Cryptocurrencies
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Assalam-o-Alaikum Steemians !
I'm @moneyster, a professional level Cryptocurrency investor and an analyser. As usual, today I thought to share another Crypto-related experience with you. I hope this article will be considerably beneficial for all the Steemians in this community
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As Cryptocurrency traders, we can't win every Trade continuedly at a rate of 100% efficiency. That is due to the higher volatility of this Crypto Market and we can't predict the exact movement of the coming market as a human. We can only collect data technically by comparing past and present market behaviour and that can be defined as Technical analysis.
In addition to that, we can also consider another most important fact, the fundamental data of the selected project and which can be defined as fundamental analysis. Both these data are highly important to take into consideration before investing in a Crypto Project.
However, even if we had considered all the above-mentioned facts, we can still have a loss due to an unexpected movement in the whole Crypto Market. At present, we can also see a good combination between the stock market and the Crypto Market. This means that when the stock market goes down, the crypto market also goes down in response to the stock market.
Therefore, as a result of the issues discussed above, the value of the coins we purchase is likely to be less than that of the purchase price. In such cases, instead of simply holding back the coins we buy, we can make some rewards from them. For that, we can introduce a safer method, the coin stacking method. Many crypto exchanges today provide this facility so that we can easily perform this process in any exchange.
This is an important opportunity to minimize our loss at a certain level by gaining a portion of the rewards as an interest. Therefore, without a doubt, we can call this a very advantageous method. In addition to that, here we have the ability to keep our coins more secure. Because we have to wait at least two days to redeem our stakes for withdrawing them. Therefore, if someone forcibly enters our account, he will not be able to get the staked coins as we have the ability to recover our account back within 24hrs.
Here we can stake the interest again and the interest will be repaid so we will be able to cover the loss very quickly. And also, we can see that some coins earn more than 100% interest as the interest rate on each coin is higher. So we will get twice as many coins as we used to have in a year.
Investing in a coin related to certain exchanges, such as BNB Coin, and keeping those coins as staked coins gives us the opportunity to claim many more privileges such as the ability to participate in some launchpad presale Token events.
The Binance exchange is the largest Centralized CryptoCurrency exchange platform that we can see in the Top list or as the Number 1 largest exchange. Therefore, investing our Coins or Tokens in such a largest exchange minimizes our risk at a certain level due to its higher security.
The most interesting thing about this exchange is that it provides better rewards for many Staked Coins or Tokens in their Binance earn wallet.
As the most popular and beneficial coins or tokens to stake, we can introduce Axie infinity (AXS), Biswap (BSW) and FIO Protocol (FIO).
Personally, I have invested in such interesting Coins and Tokens and I can get daily a considerable amount of rewards as interest on those Tokens and Coins. I will show some interesting screenshots of my personal Binance earn wallet below.
In general, I believe that the value of those staked Coins and Tokens will be increased in future due to their fundamental strength. Therefore, I have invested and staked those coins and Tokens as a long term investment and let me show a screenshot of my Binance earn wallet as proof of my Staked Holdings. You can see some of my staked coins and tokens amount from the right side of this paragraph. Usually, I'm showing this only for motivation and don't invest in these Tokens and Coins without doing your own analysis.
I have studied the below-sourced articles to further study these topics and I have explained all the above facts in my own words and experience.
10% benificiary set for @tron-fan-club
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https://twitter.com/moneyster12/status/1517947937229357059?s=20&t=Z00fHjEhLDV8c8wsJPcTlA
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Thank you @kouba01
In a word, great brother. You have given us an idea about cryptocurrency trading very nicely. Which I like a lot. In fact, I learned a lot from this post. Everything is presented in a very beautiful way. Good luck brother.
Thank you very much for your detailed comment brother. It really motivated me to do more articles.
Ya. We need to change our decision over time depending upon the situation of market. Thanks.
Of course. Thank you for visiting my article. I highly appreciate your coment.