I have been teaching everyone how to withdraw funds, and this time I will teach you how to make money. This is a method I have used for about six months, so please determine if it suits you.
- Shorting New Coins
Definition: First, determine what kind of project it is, such as staking, mining, meme, etc.
Logic: If it is staking, short the corresponding staking coin. If it is a low-cost mining project, consider dumping and shorting that coin. Gate has shorts for almost all coins.
Let me give you an example: NIL (mining)
First, I learned from Ice Frog that NIL can be obtained through mining. If it opens at 1U, then it will yield about a hundred times profit (this is real money-making). Most of the participating studios are likely to achieve a hundred times profit, so they will definitely dump. All platforms are listing spot trading, which increases the dumping volume. Therefore, shorting after it goes live is not a problem.
This is about using information from the primary market to engage in secondary contracts. Many people view contracts as a disaster, but that's not the case; it all depends on how you operate.
Today, this Binance GUN is going live, and you can check out this coin. It is a chain game with a total circulation of 6%, and 4% was taken for Binance's launchpool. This is an overseas chain game that cannot be played in China.
I understand that it has been in operation for a while; it is an FPS-type game, and downloading it is a bit troublesome, so I haven't downloaded it. There is an unknown piece of information: do you need to buy this coin to farm, or have they already been farming for a while and need to exchange equipment for coins to dump?
I am lazy and didn't download it, mainly judging by logic that the launchpool will definitely dump at the beginning. I can't be sure about the long-term, mainly because this is a light chain game, a coin focused on gaming. For the short term, just ask the big players around you about the launchpool on Binance.
Many people ask how to short.
Although Gate hasn't announced it, based on my logic, Gate will definitely list this contract, haha. Gate almost has new coins every day.
This is just a sharing and not investment advice.
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