Post
Topic
Board Economics
Re: Best way for steady income
by
José Arcadio Buendía
on 08/09/2016, 03:40:39 UTC
I think that the best way fot this, a steady income over time, is buying in the all time low, and then wait for a long time or you can do some trading with cryptos.

this is a good strategy - buying when the price is super low and selling when it reaches to your goal price amount. Trading crypto is very exciting especially when you notice some pump and dump - your quick move shall be to position yourself for profit in either pump or dump situation.

But how can you say that it is an steady income? As you will not sell  them until you don't see a higher price and sometimes it may even take months for price to go higher.
Not only that but how you know that it has reached the lowest it can go? If you buy before it hits the bottom you will be underwater, and the price could take a lot of time to recover, so unless you are a savvy trader it should not be recommended.