Hello everyone, I am Uncle Ai. Boring data, boring market conditions, and quizzes with prizes. You can learn and make money at the same time.
In the previous article, Uncle Ai talked about how to make money in a volatile market by using [Interval Income Treasure]! However, some brothers think that the income of Interval Income Treasure is a bit low.
In this issue, Uncle Ai will talk about the currency-based thinking and dual-currency financial management. That is, enjoying the interval income of the interval income treasure, while enjoying the currency price income. Okay, without further ado, let's get to the point.
What is Dual Currency Investment:
The dual-currency financial management products in the Crypto circle were first launched in October 2019. From the earliest 1.0 product line that only targeted BTC, to the current product line that covers other mainstream currencies such as ETH (Binance has 10 token targets to choose from), from the perspective of investors, if they can use the dual-currency financial management tool more skillfully, it can bring considerable profit enhancement in bull markets, bear markets, and volatile markets.
Binance introduction: Dual Currency Investment gives you the opportunity to buy and sell cryptocurrencies at a target price and date in the future, and earn high rewards regardless of market trends
How to find Dual Currency Investment?
Binance Home Page - Finance - Dual Currency Investment
How to do it:
Step 1: Choose an asset. We can use the currency we usually use, or you can choose a currency that you want to hold for a long time. Of course, the premise is that it is included in the Binance wealth management products.
Step 2: Choose a direction
I chose to purchase BNB. For example
What are the advantages of dual currency investment?
Buy low, sell high: Buy cryptocurrencies at a lower price or sell them at a higher price.
High Rewards: You can earn high passive income regardless of market trends.
Wide selection: You can choose from a variety of assets to invest in, and set your own delivery date and target price.
Zero transaction fees: You can "buy low" or "sell high" when the target price is reached, and no transaction fees will be charged.
Beginner mode: a powerful tool for beginners to liberate their brains
risk
When choosing any investment tool, in addition to understanding the basic definition, the most important thing in my opinion is to understand the applicable scenarios and risk points of various investment tools. Specifically, there are the following risks:
1. Non-principal protection
2. Liquidity risk and early redemption slippage
3. The subscribed assets will be locked and cannot be cancelled or redeemed before the settlement date.
- If the market price moves further away from your target price, you will miss the opportunity to buy or sell at a better price.
- In dual currency investment, transactions can only be made based on the price on the settlement date.
The reasons for trading losses are nothing more than the following three or a combination of the three: ignorance; lack of self-control; lack of self-knowledge. Therefore, to make a profit, you need to be: aware; self-controlled; self-aware.
What is knowledge?
Know the trend, know the position, know the cycle, know the basics of trading
What about self-control? Self-control is to use the trading system to solve the problem of "how to do it", which belongs to the category of "self-control".
What is self-knowledge?
Knowing your own shortcomings, knowing the shortcomings of the trading system, and not making arbitrary judgments on the market, having almost instinctive trading habits and a trading mentality that is not surprised by praise or criticism, is a process of self-knowledge and is also the most difficult human process to overcome.
【Pop quiz】
For dual currency investment, which currency did Uncle Ai choose as an example?