Ok, in this continuation we talking about the same strategic to accumulate XRP, but today in this part I want to enfocous more how to accumulate XRP in the Bybit trading platform just open a position XRP/USD and having XRP funds to accumulate more XRP.
1. The first step it's open up a Bybit account
2. Then, you would need to take XRP a good quantity equal or over of the XRP contract that you want to open up. For example: If you want to open up a XRP contract of 1,000 XRP in Bybit, you will need to have 1,000 XRP or a little over of 1,000 XRP as 1,500 XRP or 2,000 XRP in your Bybit account to fund XRP funds.
3. Then, you will need to open up a long position in the par XRP/USD and using technical analysis to know the trend and when and why to buy a XRP contracts.
And that it's all this basic information!!!
now, I will make an exercise to know how to accumulate XRP just buying 1,000 XRP as maximum contract in Bybit account. Notice that this strategic it's super powerful to have a lot XRP earnings by contract into the market.
Exercise:
1. You buy 1,000 XRP contracts at $0.29 cents value of $290 dollars.
2. Imagine that you're target profit will be $45 dollars.
3. So, 1,000 XRP mutliplied by $45 dollars it's equal $45,000 USD.
Formula: 1,000 XRP * $45 dollars = $45,000 USD in profit.
4. Now, this it's not all, because you will need to know a thing, you will need to deduct $290 USD because the $290 USD was a value that you bought XRP contract with $45,000 USD that it's $44,710 USD.
Formula: $45,000 USD - $290 USD = $44,710 USD
5. Now, you will need to know how much XRP you earn, if you bought XRP contract at $0.29 cents, the following step it's divided $44,710 USD with $0.29 cents that it's 154, 172 XRP. So, I know that 154,172 XRP it's so lot, but if you multiply with $45 USD you could to have these coins value of near of $7 millions. And applying this strategic you could become millonaire in XRP.
Now, noticed that nobody talk about it and that it's just my counsel if you want to increment your XRP tenence. So guys, that is it. If you have any question, please leave your comments here. Also, I reccomend to read my first part of it if you're interesting to accumulate Bitcoin or Ethereum strategic using Ethereum or Bitcoin funds in any exchange just buying XRP contracts.
1. The first step it's open up a Bybit account
2. Then, you would need to take XRP a good quantity equal or over of the XRP contract that you want to open up. For example: If you want to open up a XRP contract of 1,000 XRP in Bybit, you will need to have 1,000 XRP or a little over of 1,000 XRP as 1,500 XRP or 2,000 XRP in your Bybit account to fund XRP funds.
3. Then, you will need to open up a long position in the par XRP/USD and using technical analysis to know the trend and when and why to buy a XRP contracts.
And that it's all this basic information!!!
now, I will make an exercise to know how to accumulate XRP just buying 1,000 XRP as maximum contract in Bybit account. Notice that this strategic it's super powerful to have a lot XRP earnings by contract into the market.
Exercise:
1. You buy 1,000 XRP contracts at $0.29 cents value of $290 dollars.
2. Imagine that you're target profit will be $45 dollars.
3. So, 1,000 XRP mutliplied by $45 dollars it's equal $45,000 USD.
Formula: 1,000 XRP * $45 dollars = $45,000 USD in profit.
4. Now, this it's not all, because you will need to know a thing, you will need to deduct $290 USD because the $290 USD was a value that you bought XRP contract with $45,000 USD that it's $44,710 USD.
Formula: $45,000 USD - $290 USD = $44,710 USD
5. Now, you will need to know how much XRP you earn, if you bought XRP contract at $0.29 cents, the following step it's divided $44,710 USD with $0.29 cents that it's 154, 172 XRP. So, I know that 154,172 XRP it's so lot, but if you multiply with $45 USD you could to have these coins value of near of $7 millions. And applying this strategic you could become millonaire in XRP.
Now, noticed that nobody talk about it and that it's just my counsel if you want to increment your XRP tenence. So guys, that is it. If you have any question, please leave your comments here. Also, I reccomend to read my first part of it if you're interesting to accumulate Bitcoin or Ethereum strategic using Ethereum or Bitcoin funds in any exchange just buying XRP contracts.
