Thanks for this! I’m not sure I understand why you are using a different trading pair for this, though... The basic idea is to buy back at a lower price than you sold it for, right? Couldn’t you do the same with BTC? I think I’m missing something ;)
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Sometimes when there isn't a lot of price movement trading against one pair, you might find that there is movement trading against a different pair.
I was really just trying to highlight that, and also show that profit can be made when the value of a coin is decreasing too, as I've noticed a lot of new comers to trading start panic selling when the market goes into decline.
Ah OK! I've never really looked into that since I only use BTC as a base currency, but this is good to know. Thank you!
You're welcome.