The name "Rebalancing Bot" implies that it will maintain your portfolio balanced. This is one of the best features of #Binance because it helps you to diversify your portfolio. In this feature, you can choose the best of your crypto coins to pick up, and the rebalancing bot will keep buying and selling (swapping) among the crypto to balance your portfolio.
MAXIMIZE YOUR PORTFOLIO WITH THE RE BALANCING BOT
The execution of this function is relatively simple, just as selecting the best coin is. Keep in mind that this feature is only for long-term play, although you can utilise it for short-term play if you are in a profit zone. It will keep shuffling or swapping the coins you choose and will gradually raise your coin quantity.
As an example, assume I have chosen five coins: #HIVE #BITCOIN #ETHEREUM #RUNE and #XRP. I've chosen one pumping coin, hive, two strong coins, Bitcoin and Ethereum , one stable coin, XRP, and one fast coin, rune. You must select all coins that are related to one another.
After choosing these coins, the Re-balancing bot will begin buying and trading among them. You can assign a balancing proportion to each currency, just as I assigned a 20% trading share to all of these coins. That is, it will keep your 20% coin and continue to add your quantity.
The rebalancing bot will act in accordance with your strategy and advice you feed. If the HIVE experiences a price increase, the bot will sell your hive and buy other currencies from your portfolio. As soon as the hive's price falls, it will switch back to hive coin to maintain the 20% ratio.
Similarly, if there is a price differential between Ethereum and other coins, it will continue to change Ethereum to other altcoins. This process will be repeated, and the amount of your coin will be added continuously. This is a great feature for multiple purposes. One in which you can spread your risk by putting together a portfolio.
THE ULTIMATE SOLUTION FOR LONG-TERM AND SHORT-TERM PROFIT
The other benefit is that it will help you invest for the long term, and we all know that investing for the long run is always a win-win situation. The third benefit is that it will continue to provide you with passive income by adding the coin quantity. By using this re-balancing option, you can earn in both the short and long term.
This is an auto bot that will continually swapping between coins without need of any effort. This is a one-time selection of your favourite coins, after which the bot will increase your quantity by running the trading mechanism. After learning about this feature, I got interested and decided to share it with you.
Because many people are looking for long-term profit as well as short-term passive income, Rebalancing is the greatest option for them. It functions similarly to the HIVE ecosystem in that you can generate passive income by increasing your hive quantity and also invest for long-term gain.
This is my attempt to present you with the best and most recent feature, the Rebalancing bot. I did my best to inform you about this function and how it can help you. I hope you found this post useful and helpful; if so, please leave a comment so that the next post can be even better. Thank you for sticking with me all the way to the finish.
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IMAGES AND GIF TAKEN FROM CANVA AND BINANCE, EDITED IN CANVA
REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
