Making a specific amount of money in the cryptocurrency world is always challenging. Different methods need to be combined to increase one’s chances of success. It is evident the focus on just one aspect or trading strategy will work more often than not, although having something to fall back on can easily offset trading mistakes or bearish momentum. In this edition of the preparations guide, we will look at some other options to explore.
In the first edition of the preparations guide, I mentioned how getting verified on multiple exchanges is a must. This is not to just take advantage of arbitrage opportunities, but it also lets users buy and sell bigger amounts of cryptocurrency for regular trading. As such, I took a gamble on Livecoin by buying Dignity during its 30% drop yesterday in the hopes of seeing it rebound over the weekend or next week. It is a small gamble, all things considered, as selling at the value I purchased at shouldn’t pose many problems in the slightest.