Today we give a free lifehack on how to have your cake and eat it too. Using it one can both save cryptocurrency and trade in forex!
Many investors after becoming “hodlers” don’t rush to get rid of it. What if this rise “to the moon” will happen? From the other side, a professional at trading or investment is never happy when their funds are underutilized waiting for their prime for months. For such crypto enthusiasts Grand Capital offers to open a forex account Standard held in crypto - ether or bitcoin.
A double win situation
Bitcoin has been forecasted dramatic rise after its halving in May during 2-3 years up to $100 000. The second world cryptocurrency - ether - is also not discarded. The “hodlers” who bought the cryptocurrencies some time ago, are hardly willing to get rid of their digital assets. In 2020, the DeFi industry visibly revived, and crypto investors reasonably prefer to keep holding.
However, we are in the middle of the corona-crisis, that is known as the time of opportunities on forex and stock markets. It is high time for investing and trading, responding to economic jumps and shocks, as well as extreme volatility of almost all the currencies. At the same time, taking into account a possible inflation of the most stable currency - US dollar - transforming crypto assets to fiat doesn’t seem attractive. Not mentioning the risk to lose profit, that can be acquired when bitcoin sharply rises entailing growth of altcoins.
So what to choose? With Grand Capital there’s no need to choose. There is a way to have your cake and eat it too: one can trade with fiat to earn more crypto.
For this you just have to open the account Standard and choose bitcoin or ether from the range of currencies offered to trade with. Among the available payment systems on all the accounts there’s a way to deposit via crypto transaction. In case with the Standard account, after transaction from a crypto wallet or crypto exchange, a trader still holds cryptocurrency.
So, keeping your crypto, just trade as usually. Use fundamental analysis and our trading recommendations. For example, investing 1 BTC and make $1000 through forex trading, you can withdraw over $20 000 extra, if the forecasts of crypto enthusiasts regarding BTC halving come true. And if the price doesn’t move now, you still can effectively use your crypto funds, that otherwise would gather dust in your crypto wallet.