Trading Ideas & The Incorporation Of HIVE

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4 Oct 2024

Dedicated Traders
Some traders trade various assets across the Crypto market. This includes blue chip altcoins, micro-caps, and memecoins. However, some choose a single asset. This is usually Bitcoin, due to its leadership and stability. Traders become aquatinted with their chosen asset and as a result, are in step with its price action, happenings, and broader news-related sentiment.
Dedication to a single asset has upsides. However, there are also downsides such as periods of stagnation and missing out on other amazing trading opportunities within the Crypto ecosystem. However, the trading strategy utilized plays an important role in the decision-making. Such an approach can be the most beneficial and effective over the long term with trading style also playing a role.
I don’t usually take such an approach. However, I sometimes dedicate attention to an ongoing trade idea. This is for the sole purpose of accumulation. In other words, I become acquainted with an asset’s price action, ranges, and relativity ratios. I then trade that asset over an extended period and utilize the strategy as an accumulation model. It works well!
The Preservation Of Capital
Acquiring coins without purchasing them is a crucial and advantageous aspect of the Crypto economy. Utilizing WEB3, SocialFi, and trading are common ways crypto enthusiasts can build portfolios without deploying fresh capital. Every newcomer needs to explore these ideas as they help to compound your portfolio. I have addressed many ideas over the years.
I have chosen to apply this trading idea to HIVE. I have been inactive regarding trading and am keen to test this idea on HIVE. I have been monitoring HIVE’s price action and the asset often experiences surges and almost immediate pullbacks. The price action is perfect for this strategy and lends itself to increasing holdings through active trading strategies.
This is great for long-term strategies. For example, say your goal is to own an entire Bitcoin but only have 0.07 BTC. Actively trading and compounding your returns to increase your trading capital (in BTC) will help you hit your target. This is a lot more difficult regarding BTC, as the volatility is tame compared with altcoins. However, you get the picture.
Running a handful of such trading ideas can help to build a portfolio with limited capital. Once again, this is one of the beauties of this market. The opportunities are significantly more profitable than TradFi. They do however favor the long-term committed trader committed to reaching his goal. I have utilized these strategies before and can attest to their efficiency.

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Final Thoughts
Relativity ratios and capital deployment play a huge role in the efficiency of such strategies, which is why some traders may significantly outperform others, even while trading the same asset. In my case, it’s a low-stress approach yielding fruit over the longer term, even in the interim. I hope everyone enjoys their weekend, BTC is above $61K, which is good considering. All the best, see you next time!

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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.