Binance , win or loose 50$ from steemit #2
Change of strategy , after trading litecoin bitcoin and BNB i got no we're and actually started losing money .... so i was thinking what are the problems I'm facing ,
1- small amounts of capital 50$ = 0.002 btc right what that means to me ,yes binance only allows exchange to happen Only if it's over 0.001btc
And bcuz of that i was stuck with only one choice of currency flipping it between litecoin and bitcoin and losing money bcuz of the fee .
2- no patience bcuz you have only one choice you can't be patient in exchange even if you are losing money .
So how i tackled these problems well
First (1) i searched for a very cheap coin that is trading in high volume an gained over 50% this day ....... you may ask why ,well all of these factors combined increase the chances of that coin to GO to 100% and i was right (thankfully) i chosen ADA it got from 0.20 - 0.40 .
2 - with more fund's com's new possibilities i sold half of ADA and bought another cheap coin and i sold half of that and bought a third coin .... now i think i can relax a bit bcuz i can trade with 3 options and leave some coin for long term ..
So a big advantage i can see in binance is you have these options of new cheap very profitable coins.
I hope you enjoyed this and hope it was helpful .for a another time your fellow steemian @topslim ..
You can sign up for binance here ..binance
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Cool to see you having fun man!
I went the other way around, for fun i sent some btc i got from reading litecoin High on polo to binance, then bought trx for about 60$ at 41 satoshi a couple of days ago, And its insane to see the rise, from some of the profi taken out from trx at 217 i went inn to ada And ENJ today And made a decent profit there too, now Im just bagholding TRX in hopes of it doing the 10x before new years!
Thanks , you lost me man .. I'm still new and some shorts i don't recognize , but it is cool to have a buddy around so people don't call you crazy . Haha
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