Post
Topic
Board Trading Discussion
Re: How to make a profit with the dump of the price in the market?
by
Itjoker
on 01/09/2018, 09:01:42 UTC
Hi I just want to ask how can I make a profit with the dump price in the market I want to trade my token right now but the price is dump and I need to trade my token so that I can withdraw my token and I need a money right now for my daily expenses. Can someone give me an advice?
Actually it depends on what token do you have. If it is cryptocurrency which has USD as basis currency and it has pair in Bitmex or Bitforex, you can just open short position on it, when it is dropping. But of course you should be very careful using leverage. Also if there is no any opportunity to open short position you can just sell your tokens and try to trade on money which you earn. It is more profitable than waiting for bull market.