Post
Topic
Board Trading Discussion
Re: Crafting a safer strategy for growing your crypto portfolio:
by
R100K-Martin-Lunger
on 15/04/2024, 08:51:32 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.

One thing I have realized is immediately an exchange announces either a launchpool or launchpad, the exchange token continues to surges because many users want to buy and participate to earn free token. So after the event, you get double rewards, you can decide to sell your newly acquired tokens and also sell the exchange token at a higher price. This process has helped me build a great bag. The ENA launchpool event that just ended on Bitget is a testament that participating in this kind of events are greatly rewarding.

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

This is a good strategy. Ive been diversifying and rebalancing my portfolio in preparation for the upcoming altcoin season while holding BTC. Its made about 136% in profits so far and I expect it to keep growing from here.