🤠 Hi everyone, I am your old friend Chizai. I have written several articles about Binance dual currency investment before.
It is also said that many traders actually do not understand more about the profit methods in the exchange.
So today we will learn more about the dual-currency investment strategy, and we will formulate some reasonable strategies to follow up in the next week.
How to "buy the bottom" in a bear market while still obtaining higher annual returns?
And there are 0 transaction fees. It is especially suitable for cyclical traders and partners with relatively large capital to participate.
Introduction:
What is dual currency investment? Dual currency investing gives you the opportunity to buy and sell cryptocurrencies at a target price and date in the future, earning high rewards regardless of market trends~
Main advantages:
● Earn 4% – 150% APR on multiple cryptocurrencies such as BTC, ETH, BNB and more
● Binance Finance’s dual-currency investment provides the opportunity to add more cryptocurrency assets (such as BTC, ETH, BNB, etc.).
● During periods of low volatility and low trading volume, it is still possible for BTC holders to earn 4-20% annualized returns on BTC assets.
In addition, users who participate in dual-currency investment activities will also have the opportunity to share a total of 30,000 US dollars in BTC rewards.
● Rewards are more attractive compared to other cryptocurrency products
How to access: https://www.binance.com/zh-CN/dual-investment
Dual currency investment main page
Before making any investment, we need to judge the current market trend. For example, in late July, I sold BTC through the dual-currency win method and gained a lot of extra years of income. Let’s look at the picture below.
So this time, when we participate in dual currency investment, the direction I choose will be in the form of buying low.
Here we also start from the fundamentals and technical aspects, and also include analysis of past trends.
From the picture, we can see that in previous years, BTC had a correction in August and September, and ushered in a good rebound in October.
The price of BTC in the past week has fluctuated between 25,700 and 26,400.
From a technical perspective, we find three intervals of 25300-23300-21800.
After determining the range, we can start to select the settlement date and subscription range.
From the products, I found products with subscription prices of 25,250 and 23,500 on the settlement date of 2023.9.29.
respectively: 15.9% and 5.4% in extra years
On the settlement day, if the price of BTC is lower than 25250, we will buy it and get an additional annual income of 15.9%.
On the settlement day, if the price of BTC is higher than 25250, we have no chips to buy BTC and only get a 15.9% annual return.
In the bear market and monkey market, less trading and more financial management is a more suitable strategy. This is a method similar to our fixed investment strategy, but also obtains more income.
For [Buy Low], the closer the price is to the current price, the higher the annualized return will be. If the price is lower than the current price, the lower the annualized return will be.
product comparison:
Compared with leveraged contracts, dual-currency investment products have a very big advantage, that is, they will ignore price fluctuations before the settlement date. If I now believe that BTC will fall to $25,000 when the Federal Reserve announces its interest rate decision on September 22, then I can buy at the target price of $25,000. Let’s look at the picture below; (9.22 BTC dual-currency financial management annualized return of 12.1%), I will buy it with 2 Take 10,000 U as an example. If the price is lower than 25,000 on the settlement date, the transaction will be automatically completed to buy BTC, and an additional 12.1% income will be obtained. Through the income calculator below, we can see that an additional 92 U will be obtained.
If the BTC price is higher than 25,000 after expiration, you will only get the profit of the subscription principal + 92U.
Interest income = subscription amount × APR% × number of days to maturity / 365
A very simple math problem, 20000×12.1%×expiry days 14 days/365. (20000*12.1%*14/365=92)
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"Buy BTC Low" expiring on September 22nd. In the period before this, BTC price fluctuations were ignored. This is much safer than leveraged contracts. Intermediate fluctuations in leverage and contracts may trigger intraday stop losses. If extreme market conditions occur, you may face liquidation if you go in the wrong direction. Just like the recent market situation, the price remains unchanged and many people lose their positions.
By September 22, BTC had been fluctuating recently, and when it really fell to $25,000, if contract players did not grasp the direction well, they might have stopped their losses multiple times during the day. Therefore, compared with leveraged contracts, the risk of dual-currency financial management is lower. #BTC
Finally, this article also wants to advise some players who are obsessed with contracts and unrealistic returns every day to understand more about the nature of investment and master value investing. #BTC If you have any opinions to exchange, you can leave a message below!
Conclusion: Sharing comes from the loneliness of traders. Trading is a very lonely thing. 90% of the time in the market is invalid trading time. We can use the invalid trading time to explore more good products that can increase our profits. , as the world's number one digital asset exchange - Binance, we should learn more about the platform's products and activities.
