The market is entering an expected correction so I took advantage of the situation and earned me some gains by selling a portion of my LRC.
For those of you who don't know, LRC is an ERC-20 Token and the native currency of Loopring's Decentralized exchange. If this is the first time you hear about Loopring then you MUST take a look at the project.
Loopring exchange offers instant transfer and trades of ERC-20 Tokens on Loopring exchange (No Gas Fees) and of course without a KYC! You must hold a fixed amount of ETH when you sign up on Loopring exchange if you want to enjoy the free ETH transactions and you must also pay gas fees if you want to interact with the Ethereum chain directly so that means account activation, password reset, deposits, and withdrawals.
Learn more about Looprin exchange here : https://medium.com/loopring-protocol/loopring-exchange-faq-196d6c40f6cf
Back to my trade. I bought some LRC around $0.16 USDT in Binance some months ago and I've been holding them ever since. I've never tried to trade my LRC even though I had a couple of opportunities (LRC pumps) the past few months but today I decided to take the risk so I sold 50% of my LRC at $0.287 so I can buy back more later once the LRC pump chills.
This is the 1 day chart of LRC and this is where I sold
Time will tell if it was a good choise (I suck at trading) but I wanna think it will turn out good. The market is correcting hard the past few hours so I think I'll be able to buy me some LRC way cheaper than I sold!
Wish me luck!
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@Knowhow92
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