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RE: important BTC update 21.09.17 - why you should hope for a fast freefall
This basically what I always try to do, not just with cryptos. Buy low sell high. But for me is much easier to just trade my OTC where I can get into and out of a position in a split second if I want to. Assuring a much better price compared to buying the real thing which takes some time.
This is the difference investing to hodl and trading for quick bucks
So now you have me confused again. When you say you are trading "OTC" I am ass-ooming you are trading an OTC stock with an actual ticker symbol. What is the ticker?
No it is not an actual stock with a ticker symbol. It is called BTC CFD (contract for difference) and is artificially created by my broker (this is why it is an over the counter deal), but it stays very close to the price action of real BTC. The moves and waves are exactly the same. The highest difference I have encountered was 5$. If I trade 3 CFD, I win or loose 3$ for every 1$ real BTC moves... I can scale it from 0.1CFD to 50CFD. Never traded more than 3CFD though, because of huge risks. I can put an exact stop level, where it ends the trade unless there is an overnight gap. Just pure awesomeness with this kind of vola in BTC... and the spreads are very low !