Apart from BTC and some big alts, I also invest some bucks in memecoins and this is my profit taking strategy regarding the latter: whenever the price goes up just a little and my balance surpasses my initial investment ($30), I take the profits ($6, $4, etc), convert them to USDC and then I convert from USDC to BTC in order to avoid paying the fees that I would have to pay if I directly converted the memecoin to BTC. I always leave the initial investment and repeat the process over and over again. So far, so good. I've made over $11 and I started this strategy last Sunday.
What do you think of my strategy? I know I won't make a lot of money this way but I only do this with memecoins. Besides, I find it pretty amusing.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments