BitcoinPanjang
How Do We Capture More Value from Trading in Crypto?
How Do We Capture More Value from Investing or Trading in Crypto?
BTC has been surging in price recently, with the trend predicted to continue for the next couple of weeks. At the beginning of this trend, there were a few early believers who had invested in BTC at the price of 6,500, and are now rewarded for their risk. However, what does this mean for people, like myself who did not invest early on?
The Answer:
The answer is to Invest in LTC and other currencies that yield more profit. There is a correlation with the price of BTC movement and LTC and other currencies. More specifically, for those who may not be familiar with litecoin (LTC), you should think of it as representative of a quarter to the dollar (BTC). As the price of BTC moves up, LTC follows (look at the redline in my chart).
Real World Investing Example
You invest $10,000 dollars in either BTC or LTC. The lowest price for BTC was $6,500 and now currently valued at $9,400. Similar, the lowest price for LTC was $109 and now currently valued at $165. Which coin should you invest in?
BTC Case:
(9,400-6,500 / 6,500) = 44% gains
$10,000 * 44% = $4461 dollars
$10,000 + $4,461 = $14,461 = total amount as of today.
LTC Case:
(165-109 / 109) = 51% gains
$10,000* 51% = $5137 dollars
$10,000 +$ 5,137 = $15,137 dollars = total amount as of today.
Summary:
The $676 dollar is the extra amount you would have made if you invested in LTC. If you remember the celling of LTC was $324 dollars, showing us how much more there still may be in the market. Furthermore, the same case could also be made for ETH, 49% gain
• Be careful with BCH, which posted a 159% since bottom. It is currently in a downward trend. You may want to wait until the chaos ensues before investing.
BTC has been surging in price recently, with the trend predicted to continue for the next couple of weeks. At the beginning of this trend, there were a few early believers who had invested in BTC at the price of 6,500, and are now rewarded for their risk. However, what does this mean for people, like myself who did not invest early on?
The Answer:
The answer is to Invest in LTC and other currencies that yield more profit. There is a correlation with the price of BTC movement and LTC and other currencies. More specifically, for those who may not be familiar with litecoin (LTC), you should think of it as representative of a quarter to the dollar (BTC). As the price of BTC moves up, LTC follows (look at the redline in my chart).
Real World Investing Example
You invest $10,000 dollars in either BTC or LTC. The lowest price for BTC was $6,500 and now currently valued at $9,400. Similar, the lowest price for LTC was $109 and now currently valued at $165. Which coin should you invest in?
BTC Case:
(9,400-6,500 / 6,500) = 44% gains
$10,000 * 44% = $4461 dollars
$10,000 + $4,461 = $14,461 = total amount as of today.
LTC Case:
(165-109 / 109) = 51% gains
$10,000* 51% = $5137 dollars
$10,000 +$ 5,137 = $15,137 dollars = total amount as of today.
Summary:
The $676 dollar is the extra amount you would have made if you invested in LTC. If you remember the celling of LTC was $324 dollars, showing us how much more there still may be in the market. Furthermore, the same case could also be made for ETH, 49% gain
• Be careful with BCH, which posted a 159% since bottom. It is currently in a downward trend. You may want to wait until the chaos ensues before investing.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.