DGB and an introduction into Grid Trading Strategies

The basic idea behind Grid Trading is to set buys and sells across a percentual grid, and buy when the price drops, and sell when the price rises. This of course in alinement with the age old proverb:

Buy Low, Sell High

Today we will be looking at the Digibyte project, which we have talked about before.

DGB/BTC

Recently, the volatility has tamped down, usually a primer for future moves one way or another. Some pressure has continued to break out down the top coin lists by marketcap, and its clear that as well as holding bitcoin, which is primed and priming for more upward motion, there continues to be an active alt season sniping and accumulation going on. We have been exploring these wicks on 7-10 tokens in our active trading portfolio, several of which we have posted about in the past.

But today, DGB will serve as a prime example of how to work a grid trading strategy into low (or high) volatility markets. We pay for Bitsgap classic grid trading bot, and you can too. We find that it can more than pay for itself with active attention to the strategies being used.

The past 3 days have shown very low volatility range for DGB, as it has stayed within 227 and 239 satoshis. Using tight bands, we are able to use bittrex's low fees for every account size to ride around the natural occuring volatility as people buy and sell in and out of DGB.

This strategy works best when we are overall equally willing to accumulate either side of a trade. As long as we don't mind holding either DGB or BTC, we can operate a grid trade with no risk, and potential profit. This is providing a service to the market, buy lowering the slippage sellers and miners observe and, in mirror order, lowering the extra cost that buyers see when accumulating new long positions.

Its possible to make a nice ROI by choosing the right markets and the right strategies...to us, even if the bot breaks even, we would rather have 100 dollars in btc profits than 100 dollars in USD cash that we pay for the bot. We think that next year the bitcoin will be worth more than the dollars. But if the bot were not employed well, it would of course be better just to buy the btc and hold on tight.

This is not advice. Its just history. Do your own Homework and Due Diligence!

Posted Using LeoFinance