In accordance with a ForkLog survey, 43% of respondents make a revenue on their cryptocurrency investments in 2020. 60% of readers commerce on centralized exchanges, of which 6.9% use OKEx.
OKEx is a crypto alternate for merchants, miners, and institutional buyers. Thus, the positioning affords to commerce spots, futures and perpetual futures and choices.
ForkLog asks OKEx merchants how they made cash on long-term cryptocurrency trades.
The writer of the YouTube channel “Tears of Satoshi”: 330% revenue in 4 months
Portrait of the service provider:
the identify is Raphael; has been buying and selling cryptocurrencies for 7 years; enterprise model – long-term transactions; market strategy – elementary evaluation.
In 2009, I graduated from Moscow State Technical College. Bauman comes out with a level in cryptography. In 2013, he began mining bitcoin and buying and selling futures and choices on the inventory market.
Now my fundamental supply of revenue is crypto buying and selling. I take advantage of cash investing in blockchain initiatives and spot buying and selling on OKEx… I’ve been buying and selling on the inventory alternate since 2017. To diversify the dangers, I’ve accounts on Binance and Huobi. Nevertheless, if a web site begins to have technical issues, I can talk about others.
And exchanges checklist new tokens at totally different occasions. Certainly, it occurs {that a} half grows a number of occasions earlier than different websites add it.
Buy of DOT tokens
That is how I earn 330% on Polkadot. Throughout the venture’s token sale in July 2020, buyers purchase DOT tokens for $ 125. However the venture neighborhood votes for the denomination 100 occasions. Now, the exchanges are suspending buying and selling of previous tokens to be able to put together the infrastructure for buying and selling. That is additionally for working with the brand new DOT blockchain.
And OKEx alternate on July 17 is launching futures contracts for the brand new DOT. It causes me to purchase 45% of the deposit at $ 1.6 per coin. After denomination, I alternate contracts for $ 3 tokens. Now the DOT value is $ 5.4 and my revenue is 330%.
In case you are a newbie, don’t attempt to be taught scalping or intraday buying and selling. Day buying and selling requires cautious threat administration, self-discipline and persistence. In my expertise, the purchase and neglect strategy is extra worthwhile than the 24/7 schedule.
And if you wish to commerce day by day, join the Staff Merchants event. My subscribers and I take part in OKEx contests… The final time they take ninth place and win $ 50,000. Because of such competitions, novices be taught shortly: 25 members of my crew entered the TOP 50 out of 8000 members.
Standard Russian-speaking analyst on TradingView: 10% revenue in 5 days
Portrait of the service provider:
the identify is Ilya, pseudonym – Dow Jones; has been buying and selling cryptocurrencies for 4 years; buying and selling model – medium time period buying and selling; market strategy – technical evaluation.
Actually, I found cryptocurrencies in 2013. A pal talks about miracle cash that may be created on a pc and bought for actual cash. In 2016, the value of bitcoin rose to $ 400. So I strive my luck and purchase the primary cash in alternate.
Now, transactions with cryptocurrencies are the primary supply of revenue. I observe the crypto market even on weekends. However, nonetheless, I don’t sit in entrance of the monitor all day. I spend time with my household, I play sports activities and private growth.
To congratulate you, we’re going to give you our free methodology of investing in cryptocurrencies merely and mechanically with the target of producing common revenue whereas defending your capital as a lot as potential.
