How to profit from altcoins collapses? - page 6.

Greg Tonoski

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Quote from: dbshck on January 16, 2023, 08:49:13 AM

Yes, you can do so by creating a short position. Depending on the market availability of the altcoin, you can create a short position via perpetual contract, futures contract, or selling spot using margin, available in many centralized exchanges and DeFi platforms.

Could you give an example of a way to profit from $BNB collapse (assuming it follows $FTT fate), perhaps?

dbshck

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Crypto Swap Exchange

Yes, you can do so by creating a short position. Depending on the market availability of the altcoin, you can create a short position via perpetual contract, futures contract, or selling spot using margin, available in many centralized exchanges and DeFi platforms.

tvplus006

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To the Moon

Quote from: kizlod on January 16, 2023, 08:42:29 AM

Of course you can, you can short it on exchanges. But, obviously, you have to do that before it collapses. After that, I don't see any way to get profits from it.

Obviously, when the price of the coin reaches the lowest value, you can buy it. This is exactly what investors are doing in a bear market. So if you have the necessary capital, you can form your portfolio for long-term investments and if you have selected good coins for this, they will bring you a decent profit in the future.

naira

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Free Crypto Faucet in Trustdice

Quote from: Greg Tonoski on January 16, 2023, 08:35:38 AM

Is it possible to profit from collapses of altcoins? Do you have any ideas how to?

Not sure what you want to invest in an altcoin that is obviously collapsing but want to put some money into it. It's the same as you throwing money into the grave of the dead. After all if you want to invest or trade there are plenty of other altcoin options to choose from, instead of dropping money into an altcoin with no clear future why are you still interested?

My question is on what basis do you believe in a crypto project that collapsed as if expecting big investors to come and pump it overnight?

kizlod

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