Portfolio update: (my ETH/BTC swing trade continues)
I just sold 100% of my $ETH back for BTC, at a profit.
I also sold 100% of my $BCH back for BTC, at a profit.
This is my 3rd profitable trade in the series of ETH→BTC→ETH→BTC swing trades over the past 3 years.
My goal is to end up with more BTC than I started with.
My anticipated next trade is to re-buy even more $ETH and $BCH back using that same $BTC in about 2 months from now.
Remember: this is all priced in BTC (not USD). These are long term ETH/BTC and BCH/BTC trades-- not ETH/USD and BCH/USD trades.
Note: I held much less BCH than ETH. I had 10x more ETH than BCH. But both of these outperform BTC toward the end of crypto cycles.
$ETHBTC $BCHBTC
20.47K
142
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.