What Is Flipping?
Flipping is a strategy for investment, primarily popularized by real estate investing, where you acquire something with the intention of selling it later for a profit, usually within a short period of time.
Regarding ICOs, flipping refers to the tactic of investing in tokens before they are listed on exchanges and then quickly reselling them for a profit once they start trading on exchanges in the secondary market.
Flipping can be applied to any cryptocurrency or asset, but the term “Bitcoin flipping” is commonly used in the industry.
This occurs when a market participant purchases a certain amount of Bitcoin at a price with the expectation of selling it later for a higher price.
The strategy of Bitcoin flipping can be particularly advantageous during times of high volatility and price spikes.
It also facilitates taking advantage of the excitement that has engulfed cryptocurrency markets.
Listing a cryptocurrency on an exchange can often boost confidence in the cryptocurrency as well as its price.
This is because the prices of these cryptocurrencies often increase after an ICO compared to their pre-ICO price.
Author
Other Posts
News
FTX Creditors Can Receive Up To 142% Of Claim Amount With New Reorganization Plan
News
90% Of Stablecoin Transaction Volumes Have No Participation From Real Users
News
Address Error Results in $68 Million WBTC Loss, Victim Falls to Phishing Scam
Knowledge
