Uniswap Pool tracking
It had been about three weeks since I last tracked this pool experiment on Uniswap. And to be honest, it hasn't been very productive. It's curious to see how volatile the crypto market can be. This pair, which mixes Bitcoin and Ether, should be a very stable pair, yet it has spent most of its time trading outside the range. And that's despite not choosing a narrow range to maximize profits.
Screenshot
If you combine this with declines in both tokens, you can see the financial damage. So, as I suspected, this requires more knowledge on my part and isn't for investors without much experience and a high risk appetite. The positive aspect is that when it's trading within a range, you can earn significantly more than the general statistics indicate. In other words, if you manage to stay within the range and the market is bullish, you can multiply your profits very quickly. This allows you to use a small portion of your portfolio and still make a good profit.
If you combine this with declines in both tokens, you can see the financial damage. That's my reflection; it's a good type of investment as long as you're aware of the risks and don't try to go beyond what your portfolio can allow.
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