Crypto

Short Trading in Crypto

Just realised that it has been some times since I updated this space of mine. Life has been great when I took a big leap of faith to leave NTU to focus on Piggyback and the businesses, at the same time, rebuilding myself as it will soon be one year since it had happened.

I’ve been trying my best to overcome all the negative emotions and putting my energies on myself, kiddos and etc. And even crypto.

Got to admit that I still suck at short trading. The moment I sold on 30 April 2021, it mooned another 20% within the next 12 hours. LOL. Hopefully my $GRT will give me that bang for my bucks in times to come.

Looking back perhaps I need to change my strategies to do short trading. E.g instead of selling what I bought, perhaps I should sell my base value worth.

E.g. I used SGD 1,500 to buy in $GRT at 1.68 thus giving me 885 $GRT and perhaps next time I should sell $1,500 worth instead of selling 885 $GRT to get like a 20% profit margins. HAHAHA.

Just wondering if this will work. And I shall do that the next round. Let me know if you would like to share your tips in short trading. 🙂

Crypto

WHAT IS CHAINLINK $LINK?

Enough of grieving and start to be on track. Recently, there is this unknown hype for CHAINLINK $LINK that moved to Rank #5 after $XRP with a market cap of $5,611,269,745 USD. This fast rising crypto is definitely a must-watch especially during this bullish market.

Many had been asking what in exactly is $LINK? Basically it’s decentralized oracle network that provides real-world data to smart contracts on the blockchain and $LINK is a payment token in which users can use to pay for the services on this network.

I guessed this would be a good project that doubled up on the security and trust level among people using blockchain and reputable companies are using it. There is a huge potential behind all these as people start to digitize workflow and payments, moving towards a cashless world.

I would personally buy a little to accumulate some boost for near future as I believed the potential would be quite similar to Etherum. Buy a little won’t harm. 🙂

Trading via Coinhako. Visit my $FOLIO page to know more.