Shark Tank star Mark Cuban recently aired his thoughts on Ethereum’s upcoming “Merge” upgrade. He pointed out how Ethereum’s utility as a smart contract platform and as a deflationary asset are at odds. In an interview with Altcoin Daily on Sunday, Cuban explained that there is an inverse relationship between deflation and utilization of Ethereum. “If utilization goes up, and the value of a token goes up, then the cost to do something goes up,” he explained. “So you have…
Tag: Cryptocurrencies for Position Trading
Six Cryptocurrencies Suitable for Position Trading
Is position trading profitable? The answer to this question is yes. This strategy made the top 25 highest-earning hedge fund managers generating $17 billion in profits in 2017. Position trading involves hodling of positions or crypto assets for an extended period, usually months or years. Position traders ignore short-term price movements to profit from longer-term trends. This trading technique is suitable for various trading markets ranging from cryptocurrencies, stocks, bonds, commodities to forex. In the crypto-verse, the strategy has seen…
1 year ago 417
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