Have you used Binance’s smart position bot?
In terms of long-term investment
This is a very useful tool
Even if you mainly like short-term trading
You can also configure some proportions here
Reduce risk overall
Maybe it can also increase profits
The difference between smart position holding and simple Hodl
The smart position has an automatic rebalancing mechanism.
For example, create a smart position
Then as their respective prices rise and fall,
The robot will automatically buy, sell and rebalance
Maintain the proportion of the two currencies at the set ratio
What are the benefits of rebalancing?
Imagine the rotation
Various currencies are rising
Rebalancing is just enough to automatically add and subtract codes during the round increase.
Imagine again
What happens if you add stablecoins to your configuration?
For example 80% Bitcoin 20% Usdt
What will happened?
When the price rises, some profits will be automatically taken.
When the price falls, it will automatically increase the amount.
All in all, it’s a good tool for long-term investment.
Although it cannot bring explosive performance
But it’s still quite useful for long-term investment holders.
