Formerly Professor (Instructor) and Researcher at ULA (VE). Today, very enthusiastic and curious on crypto assets, Web3 and relative topics! And please... #DYOR
Greetings to everyone! I want to share my thoughts on #PAXGBTC Spot Grid and my last experience with it.
My first experiences with trading bots started some months ago with the same pair, making a lot of mistakes while trading that way. Two mistakes in particular have to be taken into account: (a) activating bots with start price just in the middle of the whole grid, and (b) not taking into account that PAXGBTC grids make profits when PAXG rises and/or BTC falls.
The current market behavior has made two patterns which helped taking profits with this Spot Grid. The first one, the posts raining out that, while BTC reached ATH, trading volume started to slow down -meaning an eventual fall in prices. The second one, PAXG (as gold and gold-backed assets) showed a slow but sustained rise in the long term, which helped to take the decision of activating the Grid while BTC was still over 71k-72k.
Of course, a mysterious move PAXG made in April's third weekend helped a lot in accelerating general grid profits, and I say this particular issue because the distances between each order are far away in purchasing prices, which makes orders closure processes running veeeery slow.
In any case, this Grid is helping me to take profits while BTC is making its current fall, and even if eventually it will end later or earlier, it's making me feeling happy, calmed, and confident with current market bleed. A little great finance experiment to tell the children in the future.
This is the first time I post something here in Binance Feed (Binance Square now), and I want to share a Red Packet link here with you, while getting practice with this service!
If you need the direct link for PC: https://s.binance.com/3Fv5dMZh
The most obvious problem with BTTC is that it has too much issuance relative to its capitalization, but this allows for something very interesting: many more people will be able to capitalize hard in time
marisolh
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$BTTC the truth is I bought it because I was reading about BTTC and it is a very important and interesting currency 😊 I just don't understand why it is stagnant
0.6 $USDC It's not bad, little by little, between that, the change with the points and what they gave me for the write and earn, $2 doesn't seem like much, but it's good considering that I didn't have to invest more than time. Go to the rewards area to see if you won anything. Good luck to everyone
BitTorrent, which was originally launched in July 2001, was acquired by the TRON blockchain platform in July 2018. Since its acquisition, BitTorrent has added several new tools, with a dedicated native cryptocurrency token, BTT, launched in February 2019. BTT was launched on TRON's own blockchain, using its TRC-10 standard.
Do you know BitTorrent crypto?
BTT is BitTorrent's native cryptocurrency, issued on the TRON blockchain as a TRC-10 standard token. The total supply, as stated in its whitepaper, is 990,000,000,000 BTT. 6% of that total was available in a public token sale, 2% in a private token sale, and 9% in an initial sale.
The primary function of BitTorrent (BTT) is to act as a cryptocurrency that facilitates transactions within the BitTorrent network, powering a decentralized ecosystem where users can share digital content such as files and media securely and efficiently.
BTT serves as the cryptocurrency required to access the network's features, aiming to be the central feature of its ecosystem. For example, it is the only form of payment that requesters can use when signing agreements with providers.
BitTorrent Chain uses smart contracts to develop decentralized applications and facilitate services such as BitTorrent Chain Speed. This service allows users to request higher download speeds and bandwidth that they can purchase with BTTC from providers.
While gold price trend keeps going upward, slowly but surely, it will continue to be a good asset to invest and hold in the long term.
Of course, an eventual financial crisis may make prices fall down in the short term, and remember that even gold (the physical element) is subject to volatility, keep it in mind all the time.
Meanwhile, my PAXGBTC Spot Grid is still running for more than 52 days, and I'm glad of watching its dynamics while markets go upward and downward 📈📉📈📉📈
$PAXG continues its steady climb, reaching 2,475 with a 1.39% increase in the last 24 hours. The $PAXG technical indicators suggest a bullish trend with the price crossing above both the 7-day and 25-day moving averages. The momentum will continue. #July_NonFarmPayrolls_Shock #US_Job_Market_Slowdown #Babylon_Mainnet_Launch #MtGoxJulyRepayments
People is being triggered with $BTC down just -2.98% 👀
Dear fellows, please don't be afraid, and please stop using Futures Accounts with leverage without enough collateral, I've seen a lot of people complaining more and more with this fall, if you're scared with the current situation then imagine what will become your own mind if we come back to 2022 numbers (that's been a real bloodbath). Please, chill out and relax!
$PAXG $AEUR #RiskManagement (If still wishing to trade, then taste these pairs instead, for a more stress-relief life). Look all that green! 💛🖤
LarkDavis
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𝗝𝗨𝗦𝗧 𝗜𝗡: The Crypto Fear and Greed index is at 29, the lowest since January 2023.
(A post made for people who has little assets and/or lives in countries with very little purchasing power parity... like me!)
Some hours ago I've seen that Fear and Greed Index was (and still is) at 29, while watching a lot of people publishing posts on their own liquidations (Futures) and losses (even in Spot).
However, all these days I was preparing myself for avoiding as much losses as possible in an eventual big price fall, by looking a Spot Grid activation with PAXGBTC pair, especially because $PAXG , as a gold emulator, has been rising its price in the long term, slowly but smoothly. $BTC , by the other hand, is well known for it's high volatility -of course, TradFi sharks will never tell you how crazily the Krugerrand coin jumps and dumps all the time-, so the best way to avoid losses (and even to make a little earn when markets are going down) is by using a diversification plan which includes a PAXGBTC Spot Grid and a diversified portfolio for holding while making some interest incomes in Earn Account... or course, the importance with the last element doesn't rely just on earnings (or avoiding losses), but also by acting as your own "canary" in your general portfolio.
In one of the pics posted here you can see that my Earn Account is suffering the "biggest" losses with just -5% aprox., that's the whole portfolio losses, and trading bots account is loosing value in USD but increasing its value in BTC. This particular grid has the power of making earnings by doing little operations in each Grid line (red lines are converted PAXG waiting for being traded back to BTC).
Of course, I'm writing this post not as an investment advise, but as a warning on how markets are unpredictable in an absolute way but giving some data which may draw predictable scenarios, in order to take action on eventual bear markets/traps or, at least, to be mentally prepared for holding or even assuming little losses before they become avalanches.
This is my first opinion written in Binance Feed in an article format, just testing it but also wanting to express my short opinion on gold price volatility, an issue to take into account if you are intending to invest in this particular asset. One of the common mistakes some starters and non-investing people in general make on gold is to think on it as the most stable commodity in the market. Indeed, it is possible to see that gold uses to show volatility in stock markets, in both spot and futu
So, PAXGBTC Spot Grid is still feeding with anyone else's fear! Sorry guys 📉👀
The current Grid was activated twelve days ago, we will see how long it will last before BTC goes up again, it hasn't closed any trade yet but it's going great with profits 📈🍻
The best moment for activating a PAXGBTC Spot Grid is when BTC is near reaching (or already reached) its ATH price and then volume starts to become a bit weaker with time. It's also a mechanism which works like a short inside Futures Trading, while avoiding leveraged expositions and risks tied to them.
In the last days I've been watching Binance Feed with a huge quantity of liquidations, wrath, hate, and so on. Then, some minutes ago I've seen BTC price going down in 1-h graphic, so I putted my eyes on PAXGUSDT and PAXGBTC graphics as well, and I felt happy because my Spot Grid is running good, very slow but still good, but suddenly I started feeling bad because some people -too many people I would say- is loosing a huge quantity of money with such little decay in BTC and other crypto assets prices. I cannot even imagine the situation if we were in 2022 yet! 📉
Guys, please avoid Futures Trading if you don't have enough collateral in your wallet for covering such trading! Stop being so greedy and start studying the markets and instruments so you can choose the best one according to your own financial context! Risk management is every trader's best friend! 🛡️
Well, I don't care, just bought 0,01 PAXG to add to Earn Account by making DCA, I'm always happy when buying PAXG even if just putting a single USDT/USDC on it! 😹🍻
And I'm happy especially because of the opportunity to buy cheaper next time 💛🖤
Meanwhile, my new PAXGBTC Spot Grid is green right now with 8-9 days since its activation 💛🖤
I'm bullish in general but still recognizing the falls. The good thing is that falls are opportunities, not fails (sure, while avoiding leveraged expositions). Guys, please avoid Futures if you don't have enough collateral and learn more about it, I know Spot trading is slower but it's much safer! Cheers! 🍻
Yes, I know icons are a dolphin and an angel fish 😹
Anyway, the issue I want to post is about N important dilemma for whales and sharks... What they're going to eat first? The tuna jumping over the surface? Or that shoal of little goldfishes (among other fishes) swimming in the deeps?
In any case, 🐳 and 🦈 will go in one direction just to make a pullback later, but... if trying to catch tuna first, it will go up the same as ATH or a bit lower, before a necessary correction is made.
Be prepare, AND avoid leverage for now if you don't have enough collateral to cover it!
Next step when Bollinger bands starts closing and "tunnellizing:" Starting a new Spot Grid with PAXGBTC pair! 🤘😹🔱
Sure, some conditions must be accomplished first:
1) PAXGBTC pair price should be under 0.03 (the best should be 0.02550 or under it) 📉
2) It should be nice if PAXGBTC pair price goes that way because of $BTC price going up 📈 alone or while $PAXG G goes down 📉
3) The above mentioned conditions should go together with a "tunnellization" pattern in both BTCUSDT and PAXGBTC pairs with, at least, 3-4 hours right ahead 🛤️
These conditions are putted by taking in mind an eventual falling with BTC next week or next month, together with a risk-aversion manouver 🗡️🛡️
By meeting all conditions, the PAXGBTC Spot Grid will be activated, and this time going geometrical 🤘😹🔱
Well, it seems BTC reached 70k again, with a bit possibility of reaching its ATH or even break it!
Sure, it's still a speculative idea, the thing to do now, while watching 1-hour temporality , is to wait until Bollinger bands starts closing each other, maybe going horizontal or even going up! And sure, don't be afraid of that first red candle, it's still a little road up for getting more capital from liquidations.