How to play when the currency market fluctuates? My Dual Currency Banking Attempt

The currency market has been fluctuating in the past two weeks. I don’t know how everyone spends it? According to the experience of the stock market, it seems that it is time to try to short the safety. But I happened to be busy moving house and didn't have time to study or try out high-risk tools like contracts. Finally decided to try dual currency investment.

I would like to use dual currency investment. The first reason is to take advantage of the low-end to receive some ether and want to hold it for a long time, and I also want to continue to contact other interested currencies at the low-end. However, the fixed deposit interest of Ethereum is not good, and I still want to see it grow faster.

Since dual currency investment is based on the price on the settlement date, you can earn interest on both rising and falling bets, but the currency returned is different. If the coin falls below 45,000, it will be exchanged for you with Bitcoin plus interest, if not, it will be returned to you with the stablecoin plus interest. And if you use the recharged bitcoin to guess that the bitcoin will rise by 45,000, you will be exchanged for the stablecoin plus interest if the price rises more than that. If not, you will be paid bitcoin plus interest.

As for the rate of return, please refer to the information on the platform by yourself.

Such an operation is easy to understand, just guess the price. It can be said that it is very suitable for busy people, so let's try it.

Below is a screenshot of the operation in Matrixport. At the beginning, the price of 42,000 bitcoins was set. If the price is lower than this price, the bitcoin will be returned, and the stable currency USDC will be returned if the price is higher than this price. In addition to the interest rate increase on both sides, it happens that the platform also sends a 2% interest rate increase coupon. Since this price has been raised on the settlement date, U is returned to me, and the annualized rate of return of 18.59% is acceptable.

Of course, it’s okay to bet on higher prices to get higher returns , but this is about the biggest risk of dual currency investment . It is to use stablecoins to bet on bitcoins, and finally the price guesses high, and you return bitcoins. That's fine, as long as Bitcoin is the currency you plan to hold. However, since the price obtained is calculated according to the settlement time, it may not necessarily be the most beautiful price (for example, there is a big rebound just before the settlement day!)

So to gamble with stablecoins with my hands, my price will be designed to be conservative .

However, if you use the ether you already hold in your account for dual-currency investment, the price can be set a little wider. Anyway, if you fail, you will just send back ether plus interest, which is fine. Since the price fell sharply last week, I simply divided the funds into four pieces, guessed all four prices, and was happy that only one was correct in the end: In addition, the Bitcoin price of 38,000 was very conservative, and it did not fall below it. Below is a screenshot.

If you are talking about which newbies like me should pay attention to, the first is the settlement method . Regardless of the settlement price of Binance or Matrixport, it is the settlement index 30 minutes before the expiration date of the investment product at 16:00 (UTC+8). 30 minute average. Don't get the time wrong. Will have a fun(?)

The second point is the choice of platform . Binance Dual Currency Wealth Management has a relatively long time period. It is rarely sold a day or two ago, but the starting investment amount is low, as long as 0.1U and there are many currencies, such as SOL and LUNA that I want to collect recently. .

Matrixport was introduced a day ago, and people who are more afraid of being inaccurate can try it. However, there are fewer currencies, and the minimum investment amount is 80U. It is also heard that the rate of return of Paiwang dual currency investment is better, but I have not tried it.

In short, that's it. I heard that the turbulent market has lasted until at least June. I think this kind of reward is acceptable to Xiaobai. I should continue to play with the idle coins in my hand. If there are more experiences, I will update it. .