Hey everyone, Seltzer here for you. Since you liked the last publication, today I will continue the previous topic, which was nothing more and nothing less about automatic investment.
Today we are going to talk about what I didn't talk about yesterday, which was how much initial capital will be needed and this is something very important as we will see soon.
When researching, I only found that the recommended minimum value is 500 USDT and there is not exactly a fixed value for the maximum, which can vary by 2000 as long as you have availability.
But this is exactly where the problem arises, having this investment value and using it is very complicated as the crypto market is very volatile, sometimes it goes up and often goes down. For better understanding we will illustrate:
You have 500x in your possession in your automatic investment plan and it carries out its transactions at the time of the rising market and when the 500x is converted into crypto the market since i.e. you bought more expensive crypto and now the one you have has devalued. A crypto that fits well in this example is BTC, which was worth over 60,000 and today stands at approximately 41,000.
And remember, Binance charges a fee for using this tool, so taking these factors into account may not be very good for some, but it doesn't mean that the opposite of the example above is not possible.
In short, it is not a bad service if used well it can be profitable I believe it has been for someone but you have to take into account how much the person is willing to invest and bear losses to obtain gains
I hope I helped 🙂 promise made and fulfilled, see you in the next topic. Until then, they will be well.