CountingHouse Profits in Bear Market
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These days it seems the crypto market goes down often. We get some short upward movements and then it tends to go back down. It’s hard to make money in an environment like this but hedge funds actually really like situations like this. I’ve been discussing CountingHouse today, so now I’m going to focus on a really impressive aspect of CounthingHouse.
CountingHouse is going to be a crypto trading hedge fund and people can own a literal piece of the fund by holding CounthingHouse tokens. CountingHouse’s team has shown their performance from last year and it showed that the fund was making money even when the market was going down. So for the most of the people who hodl, this situation seems odd. But the thing is that CountingHouse does not hodl as it is instead continuously trading crypto.
Profit in a Bear Market
CountingHouse trades using algorithms that automatically detect opportunities in the market. CountingHouse’s team has said that they short cryptocurrencies when the algorithm detects market is about to go down. In a short trade, the fund borrows crypto and sells it. Then when the price has gone down, they buy back the crypto they sold at a cheaper price and return it to the lender. The remaining money is the profit.
The crypto market goes up and down a lot. If you want to make money only when the market goes up, you miss out on the opportunity of earning money from all the times the market goes down. While average crypto traders and investors don’t have access to algorithms to predict for them when the market goes down, CountingHouse does. And on top of that they have the resources to borrow crypto for short trades. This means CountingHouse is able to make money when the market goes up and down and those who hold CountingHouse Tokens will be able to make money along with the fund.
Want More Information?
Website: http://countinghousefund.com/ico
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=3406903.new#new
Whitepaper: https://www.countinghousefund.com/whitepaper
Telegram: http://t.me/Countinghouse
Twitter: https://twitter.com/CountinghouseFd
Facebook: https://www.facebook.com/Countinghouse-289073354768908/
Blog: https://www.facebook.com/Countinghouse-289073354768908/
Author: https://bitcointalk.org/index.php?action=profile;u=2127077
Telegram: @SunnyFang
Have a Sunny Side Up day!