Post
Topic
Board Trading Discussion
Topic OP
Crafting a safer strategy for growing your crypto portfolio:
by
TheVeteranAngel
on 14/04/2024, 17:53:06 UTC
Recent market volatility has led to significant liquidations and financial losses for many traders. While futures trading promises rapid portfolio growth, it often comes with substantial risks, requiring both courage and trust in technical analysis (TA). However, futures trading hasn't been my forte despite my attempts.

Building a robust crypto portfolio doesn't have to entail high-risk ventures like futures trading. It took me some time to realize that there are alternative, almost risk-free methods to build a solid portfolio. Yet, the allure of quick gains in crypto often overshadows the patience required for these approaches.

Regardless of whether you're trading futures or spot, the market's unpredictability can lead to substantial losses, as evidenced by the recent downturn affecting BTC and most altcoins. Many traders were caught off guard, lacking sufficient USDT reserves for dollar-cost averaging (DCA) during price recoveries.

However, there's a silver lining. For those seeking to maximize profits while minimizing risks, products like launchpools, launchpads, or PoolX offer promising opportunities. Available on various top centralized exchanges (CEX), these products involve staking assets such as USDT, BGB, BNB, or OKB, depending on the exchange.

An observation I've made is that whenever an exchange announces a launchpool or launchpad event, the exchange token tends to surge in value. This surge is driven by users eager to participate and earn free tokens. Post-event, participants can benefit from both the acquired tokens and the increased value of the exchange token. This strategy has proven fruitful for me, as seen in the recent ENA launchpool event on Bitget.

Have you explored such opportunities before? Feel free to share your experiences.