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What is the perpetual harvest schedule in the cryptocurrency industry?

avatardoreyNarNov 29, 2021 · 3 years ago3 answers

Can you explain what the perpetual harvest schedule is and how it is relevant to the cryptocurrency industry?

What is the perpetual harvest schedule in the cryptocurrency industry?

3 answers

  • avatarNov 29, 2021 · 3 years ago
    The perpetual harvest schedule refers to a strategy used in the cryptocurrency industry to continuously generate profits by regularly harvesting gains from investments. It involves regularly selling a portion of the cryptocurrency holdings when they reach a certain profit threshold, while keeping the remaining portion invested. This allows traders to secure profits while still benefiting from potential future price increases. It is a popular strategy among experienced traders who aim to maximize their returns in a volatile market.
  • avatarNov 29, 2021 · 3 years ago
    The perpetual harvest schedule is a fancy term for regularly taking profits from your cryptocurrency investments. It's like picking ripe fruits from a tree. You sell a portion of your holdings when the price reaches a certain level, and then let the rest continue to grow. It's a smart way to secure your gains while still participating in the potential upside of the market. Just make sure to set your profit targets and stick to your plan, so you don't miss out on potential profits or get caught in a market downturn.
  • avatarNov 29, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers a perpetual harvest schedule feature for its users. With this feature, traders can set automatic sell orders to regularly take profits from their investments. It's a convenient way to implement the perpetual harvest strategy without having to manually monitor the market and execute trades. BYDFi's perpetual harvest schedule feature is designed to help traders optimize their profits and manage their investments more efficiently.