Coin-based and $ETC . Holding onto fluctuations without selling, and opening spot and USDT-based grids while fearing to sell too early, is there a way to balance both? Yes, that is the coin-based grid. The difference between coin-based contracts and USDT-based ones is that when you sell, you receive coins instead of USDT. The number of supported coins for coin-based contracts is relatively small. When we have a long-term optimistic view, we can open a coin-based contract. For example, if you take 1 of $ETH to open a long position on a coin-based contract, when ETH rises, your ETH will increase, and when it falls, your ETH will decrease. The advantage is that when you close the contract, you still have the coins, which can be sold at a higher price. The downside is that during a decline, the value of the coins used as margin also decreases, making it easier to liquidate compared to USDT-based contracts.

Personally, I generally use it for trading coins that are stuck, for example, I bought some spot ETC around 21 when I thought the price was good, and when it dropped to 18, I didn’t want to sell. By holding onto it with no returns, I can open a coin-based contract to ride the fluctuations until it rises back above 21, and then close the grid and sell in batches. This way, it gives more returns than just holding.

Since we mentioned ETC, let me introduce this coin. I believe everyone knows ETH, the second in the crypto circle, the king of public chains. ETC is far inferior to ETH. The names are similar, and the algorithms are the same. Is it a fork of ETH? In fact, ETH is the one that forked; ETC can be understood as the older brother abandoned by Vitalik. Without the support of a star team, its development is naturally not as good as ETH. However, after ETH stopped mining, ETC provided a lifeline for miners, though now old machines are losing money on electricity costs. It can be allocated appropriately, but do not heavily invest. Its price movements are related to ETH, and its increases generally cannot match ETH, but it occasionally has a breakout. I forgot to mention that it is also known as the doomsday vehicle among veteran investors. When ETC surges, the entire crypto market tends to drop. Just think about selling the surging ETC to buy the dip on other coins; isn’t that tempting? However, history is meant to be created, and curses are meant to be broken. Don’t be overly superstitious, just allocate a small amount and see if there’s a pleasant surprise in price. If not, maintain a calm mindset. The crypto market carries great risks, and trading should be done cautiously.