not really a "strategy" but to me it makes sense. 🤣🤣🤣
*DISCLAIMER* I am NOT a crypto or finance/trading expert.
ok.. a few weeks ago I mentioned that I started dabbling in crypto using coins.ph
it's been 3months now and so far I think I'm earning? anyhoo here's how I've been doing it so far...
make sure that the money you use is EXTRA CASH you're willing to lose. ok? let's go.
1. Decide on an amount that you feel comfortable spending each month.. for me it's P500.
2. wait for crypto to go down.. this is key (buy low sell high) the number turns red if it's down.. if it's down, buy.
coinsph has 4 currencies: BTC, ETH, BTH, XRP. buy an equal amount of each. so that's 500/4=125.
3. whenever crypto goes up, I just sell the loose change. and when it's down I don't touch it. 🤣 that's basically it. I just make sure my crypto doesn't run out.
so far I've put in P1500. current crypto earning is approx. P1200. not bad eh.. it could be higher if I did more risks but I'm too frugal and lazy for that. 🤣
will update here if my strategy changes.