I will show you one of my methods that helped me to Make Huge Money Only Using Bitcoin and Other Cryptocurrencies:Trading with high drops within one dayAs an economist as well as online entrepreneur and investor who specializes in exotic assets such as domain names and cryptocurrencies (I run the One Minute Economics YouTube channel), I feel I’m in a reasonably good position to write a no-bs book which puts Bitcoin under the microscope.
Why?
Simply because I am able to put a compelling combination between book and street smarts on the table. With my career hopefully speaking for itself in that respect.
From writing a Wall Street Journal as well as USA Today bestseller (The Age of Anomaly) and creating the world’s most effective economic education encyclopedia (One Minute Economics, with videos that received attention at the highest levels of academia, including “household names” such as MIT and Oxford) to running businesses and actively investing, I have proverbially been there and done that.
To enough of a degree, I might add, to meaningfully “get” the context we find ourselves in and the role Bitcoin deserves to play in this equation. Make no mistake, Bitcoin is still an experiment. And, thus, subject to… yes, failure. With blissfully ignoring the mere possibility thereof not being conducive to making any of Bitcoin’s problems go away. Instead, why not deploy maturity and actually tackle them? In an intellectually honest manner, no less!
In a world where folly became virtue, yes, being reasonable seems downright out of place! How dare you not pick a side? Or embrace a “centrist” viewpoint instead of making it about us vs. them? Polarization has become the new normal. And in such an environment, from “real” world to crypto space, balance is frowned upon or even downright persecuted.
Yet, for the (many) reasons outlined throughout this book, it is precisely a much-needed dose of pragmatism that is required to truly take Bitcoin to the next level. Unfortunately, the Bitcoin community has morphed into a peculiar cult-like parallel dimension where there is little room for anything even remotely perceived as dissent. I am here to help.
You can buy The Reasonable Case for Bitcoin pretty much everywhere books are sold, including:
I know I’ll be receiving criticism across the board for writing this book. Perma-skeptics will call me excessively optimistic, “moonboys” will call me excessively pessimistic. C’est la vie. It’s a book which needed to be written. And not only that, it needed to be written precisely in the manner I’ve done it.
Love it or hate it, please at least be willing to take my perspective into consideration :)
Hello here,
First of all, I would like to say thank you for subscribing to my newsletter. I guarantee, that I will send you useful information about cryptos to help You make huge money.
In this article I will introduce you the 1st field, where I invested my money separated for cryptocurrencies.
I will show you how I made 30% profit every month. Do not worry if you are a complete beginner in this topic, you will understand everything because I will explain it all to you step by step.
Just like in any other businesses, it is very important in the case of cryptocurrencies to minimize the risks.
Therefore, I invested my money to the 3 main fields of the world of cryptocurrencies, significantly lowering the risks. The total amount spent on the crypto business is the 30% of my savings. I never invest my complete cash or use bank loans. … this is my principle!
I invested the 60% of my money separated for cryptocurrencies into these methods.Trading with high drops within one day
This is a very-well working, safe strategy making extra high profit.
The brief point of the strategy is that if 1 coin drops 7% or more within 24 hours, then a correction is expected with high probability, thus its exchange rate will rise.
Preconditions of this strategy
#1Use this strategy only and exclusively for the following coins:BTC (Bitcoin)
ETH (Ethereum)
BNB (Binance Coin)
Important:Use this strategy only on these coins, since these coins have the highest market capitalization.
These coins always achieved ATH (All Time High) again after big drops, so they always achieved the previously highest currency rate by time.
#2You must use this strategy on only such amount, which you certainly don’t need on the long term.
This is a very important criteria, because if you have already purchased a certain coin, and its exchange rate might drop further, and you instantly need the amount, then you can withdraw it only with loss. But if you don’t need the amount that you trade with, then you can wait until the exchange rate achieves the target price.
Simply saying, you might lose using this strategy only when you are impatient and withdraw your money before the achievement of the target price. You will win in every other case.Use of the strategy step-by-step.
As the first step, you have to open an account at Binance. Binance is the world’s biggest crypto stock exchange.
In order to get notified anywhere and anytime on that a coin dropped 7% within 24 hours, you have to download the ‘Binance App’ to your smartphone.
After installation and launching the ‘Binance App’, click on the ‘Markets’ button.
Then click onto the ‘Search Coin Pairs’ field.
Then type in the 3-digit ID of the cryptocurrency. For example: ‘BTC’.
If You do not know the ID, then click on the certain cryptocurrency on the CoinMarketCap website, and it will show up.
Then select the ‘BTC/USDT’ pair.
Then click on the ‘Alert’ button.
Then select the ‘24H change is down’ option.
Then type to the ‘Value’ that ‘7%’, and select ‘Always’ at the ‘Frequency’, then click on the ‘Create Alert’ button.
You are ready with setting up the notification. Now your smartphone will notify you if the BTC’s exchange rate drops 7% (or more) within 24 hours.
Now set up the notification for the other two coins (ETH, BNB).
If your smartphone notifies that a particular coin dropped 7% within 24 hours, then buy more from that coin. If such an event occurs that let’s say two drops from the 3 monitored coins within 24 hours, then use the 50% of your money to buy from the first one, and 50% to buy from the second one.
After buying the particular coin, immediately set up at ‘Binance’ to make the system automatically sell it at +7% of the purchase price. Therefore, you will have 7% profit.
Example:You bought Bitcoin at the price of $39,500, since its exchange rate dropped 7% within 24 hours.
Then the sale price is:39.500 + 7.2% — — — — — — — — — — $42.344
I charged +0.2% on the 7%, because this way all exchange rate costs are covered.
So now you can set up to automatically sell the BTC at the price of $42,344.
Now I am using the ‘Binance’ in the browser (not using my smartphone), since it’s much more convenient to setup here.
Click onto the ‘Trade / Classic’ menu section.
Then type in the 3-digit ID of the cryptocurrencies.
For example:‘BTC/USDT’.
Then select the ‘BTC/USDT’ pair.
Select the ‘Limit’ option.
Add to the ‘Price’:$42344
Then click on the ‘Sell BTC’ button.
Ok, you are ready for now.
You can check your open orders at the ‘Spot Order’ section.
Here You can see that ‘Binance’ will automatically sell the BTC when it achieves the price of $42,344, and you earned 7% on this trade.
It’s worth it to set your smartphone to make the ‘Binance’ notify when the BTC’s price achieves the price of $42,344, so you will know that the order was completed.
As you can see, this is a very simple, but perfectly working strategy. If you don’t want to spend much time with trading, sitting in front of your computer and watch the charts, then this is the perfect strategy for you.
I made a lot of money with this. You just have to follow those rules that are described. I manage to close such a position 3–4 times in a month in average, which means 30% monthly profit due to the compound interest.
The key is to be patient. Sometimes a position is successfully closed within the same day, sometimes within 1–2 days. But it might even occur that the exchange rate drops further. In this case you should wait with patience until the target price is achieved.
Don’t forget!
Using this strategy, you may lose only if you close a position when it is actually in minus.
Good luck!
So where do I buy Bitcoin and altcoins for really good prices:I use the Binance cryptocurrency exchanger, I am really satisfied with it, because they always sell Bitcoin for a fair price, and the transaction cost is as low as 0.
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