I decided to trade doge coin
I analyzed all possible options for earning on the cryptocurrency exchange and realized that only a few of the options offered suit me.
All options involving leverage, futures, and investing in projects carry a very high percentage of risk. Additionally, significant profits are associated with this risk in the event of successful forecasts and bets. Here, you need to determine whether to take risks and which losses you find acceptable in the event of failure. For me, any loss is detrimental, as I do not have a stable income. It would be possible to invest a portion of my funds, but, as you can understand, the smaller the investment amount, the lesser the income. For instance:
- If you invest 1 USD, the results will be almost imperceptible;
- If you invest 10 USD might yield a profit of one cent, perhaps slightly more;
- If you invest 100 USD would result in a profit of around 10 cents, etc.
However, this progression is merely symbolic, as it also depends on market stability and the value of the currency.
Taking all these factors into consideration, I chose real-time trading, trading bots, and staking. I will experiment with these methods to understand how they work. I will stake dogs and trade doge coin. These are the currencies I prefer to keep in my account. Thus, I have 32.17 USD in staking (HMSTR + DOGS = DOGS) and 87.95 USD in trading (DOGE). I will update you on the results and prospects later.
