Hey All,
Refer my earlier post on DSWAP.TRADE Market DCA where I had placed my first order in Market DCA to buying #SIM which is the in game currency for Dcity. With the help of DCA market orders one can place smaller bid/ask market orders on the bid/ask market over time this helps DCA [Dollar Cost Average] where it allows for execution of more smaller trades over time rather than ONE big trade all at once. I started with the investing #10 HIVE in market DCA buying #SIM token and here is how the execution went through every 25 minutes for 10 times.
My First order with MARKET DCA [Dollar Cost Average] #SIM Buying Analysis...
As evident from the above image you can clearly see dswap trades happening every 25 minutes as I had set and interesting part is the price it got executed at. At every execution I got a minimum of 10K+ #SIM and at max it went upto 10142+ #SIM. Had I executed all at once or swapped #HIVE for #SIM then I am sure the total #SIM that I would have got is more less than what I got via the market DCA execution here on the Dswap.Trade platform. So you all see a clear example where one can get more tokens via the market DCA trade execution.
What NeXt?
For me it doesn't stop here and I further go on to leverage this feature to buying #COLONY token this time. In many of my post I have expressed interest to buying #COLONY token which is the token for the Arcadecolony platform and my GOAL here is to have 500K+ #COLONY staked. Investing another 20 #HIVE here via the market DCA and here is the trade summary before I confirmed the transaction.
Set a trade to execute every 2 hours where 1 #HIVE will be used to buying the #COLONY tokens. Total number of trades to be executed is 20 orders which amounts to 20 #HIVE being invested. As of writing this article if I would have swaped the 20 #hive for #colony tokens than I would be getting close to 14686 #COLONY tokens. Now that we know what I would have got via the swap feature, lets see once this market DCA trade is fully executed how many COLONY tokens I would be getting. More or Less - we will checkout out in my next follow up post on the DSWAP.TRADE trade execution order analysis for #COLONY tokens. If this proofs to be a good deal then I would be doing the same in terms of buying second layer tokens here on the HIVE blockchain via the market DCA as opposed swapping them with other tokens. Well this should be it for todays post on - "DSWAP.TRADE - My First order with MARKET DCA [Dollar Cost Average] #SIM Buying Analysis - What NeXt?" Let me know your thoughts around DWSAP.TRADE in general. how is the platform overall looking... Happy Investing and Dollar Cost Averaging..Better do DCA before its too late... cheers
Have Your Say On Pools and Market DCA...
Did you explore DSWAP.TRADE new feature Market DCA and Pools DCA? How was your experience?
EDSWAP.TRADE - My First order with MARKET DCA [Dollar Cost Average] #SIM Buying Analysis...
Do you HODL SIM Vs SELL? Are you providing liquidity for SIM/HIVE pool - to get above 30% APR and other rewards #HIVE? What is your overall strategy looking like for your #dcity? Please let me know in the comment section below...cheers
#dswap #dtrae #dca #market #poolsdca #arcadecolony #sim #colony #marketdca
Image Credits:: dswap.trade, hive-engine
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Stocks, Blockchain & Cryptos and have been investing in many emerging projects..