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nikki4
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March 22, 2020, 11:03:55 PM |
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Recently, I began to notice that some exchanges publish graphs of the most popular crypto pairs. For example, here is Poloniex or Changelly. I was wondering if there is a certain correlation between the number of pairs and the quality of service, that is, the more pairs, the better the service and exchange conditions, or is it just random information that develops and heaps of different indicators? Does such info say anything at all? Which pair do you swap, and how many are them? Top pair volume always BTC to ETH or BTC to USD. Top coin pump same time but not equal, which means you can swap your top coin if you invested in all top currency. Mostly I used BTC to USD because it's is profitable if you aren't in bear market. |
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"You Asked For Change, We Gave You Coins" -- casascius
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Twinkledoe
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Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
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March 22, 2020, 11:11:21 PM |
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Which pair do you swap, and how many are them?
I think the more trading pair the more volume the coins gets meaning it should increase the visibility of the coins available to trade the interested project you initially wanted to trade. I initially swap more of bitcoin to altcoins but hardly swap altcoins to bitcoin instead I trade them on well established exchange. Swapping bitcoin to ethereum is my favorite of them all. On my end, it's either doge/btc or eth/btc or vice versa. Because these pairs for me, they have low transfer fees when you go from one exchange to another. And you will find them in most exchanges as they are one of the popular ones esp eth/btc pair. You can also see which one is popular in every exchange by checking the trading volume. |
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Stones229
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March 27, 2020, 03:33:07 PM |
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I always go for BTC or ETH pairs just because of the volume.
And for the exchanges, I have the same rule: the volume in correlation to the number of trading pairs is the most important factor because then the rates won't fluctuate as much.
And Changelly is a good option because they have an adequate amount of trading pairs and good rates for many of them.
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Pamadar
Legendary
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Activity: 2982
Merit: 1028
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March 27, 2020, 04:53:56 PM |
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Which pair do you swap, and how many are them?
I think the more trading pair the more volume the coins gets meaning it should increase the visibility of the coins available to trade the interested project you initially wanted to trade. I initially swap more of bitcoin to altcoins but hardly swap altcoins to bitcoin instead I trade them on well established exchange. Swapping bitcoin to ethereum is my favorite of them all. On my end, it's either doge/btc or eth/btc or vice versa. Because these pairs for me, they have low transfer fees when you go from one exchange to another. And you will find them in most exchanges as they are one of the popular ones esp eth/btc pair. You can also see which one is popular in every exchange by checking the trading volume. You can pick from those known coins that will bring your the benefits that you are really looking for, best practice is to keep reading and studying those coins and check whether it's good from the time you purchased it, also to consider is the volume and how other traders are working with the project it will also guide you to make a proper assumptions either you will use it to trade or to invest for future benefits. |
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pacman7331
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March 27, 2020, 06:12:55 PM |
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I do swap between Bitcoin, Ethereum to USDT! These three coins are very common in any exchange I use! I never used Changelly, but I know it's a good one. As the crypto market condition is not better, so, I keep swapping my Bitcoin to USDT and USDT to Bitcoin! Right now, I don't like to hold Ethereum, because I converted into Bitcoin!
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MCDev
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March 27, 2020, 06:37:52 PM |
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I am not a daily trader so I rarely participate in trading pairs. But my goal now is to increase the number of btc so the USDT / BTC trading pair is the trading pair I exchange most often. The second trading pair I exchange regularly is the BTC / ETH trading pair, sometimes I also participate in trading other pairs but not often.
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Youghoor
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March 27, 2020, 06:41:09 PM |
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Basically Ethereum for BTC because the rate persale of BTC is higher than that of Ethereum. At the end of every month my company pays me in Ethereum then I exchange it to Bitcoin. At some times i also buy some XLM for some transactions. I use Infinito wallet for all these transactions.
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acdc
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March 28, 2020, 05:28:29 PM |
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My goal at the moment is to increase the number of bitcoins and some altcoins so the frequently used trading pairs that I use are USDT / BTC, USDT / ETH, USDT / LTC, BTC / ETH.
Sometimes I also trade some new altcoins but that is not often.
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pakhitheboss
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March 28, 2020, 05:40:16 PM |
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My favourite is always my local currency to BTC and vice versa. When the market is down I tend to move to BTC/ USDT and when ist is sideways or going up I then shift to USDT/BTC. It all depends on the market condition.
My favourite altcoin is Ethereum and I follow the same pattern for it too.
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btcltcdigger
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March 28, 2020, 05:43:22 PM |
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Recently, I began to notice that some exchanges publish graphs of the most popular crypto pairs. For example, here is Poloniex or Changelly. I was wondering if there is a certain correlation between the number of pairs and the quality of service, that is, the more pairs, the better the service and exchange conditions, or is it just random information that develops and heaps of different indicators? Does such info say anything at all? Which pair do you swap, and how many are them? I'd say most common pairs are ETH-USDT and BTC-USDT (note: by USDT i refer to any stablecoin representing $ value, not necessarily Tether) Why is that? Well, if the price is falling, you wanna stay in USDT, so you can buy more once it hits bottom |
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dainoran
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March 28, 2020, 05:45:45 PM |
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I usually swap from BTC to ETH and vice versa, because in my opinion these 2 coins last a long time and this is a long-term investment for me.
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Slingshot
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March 28, 2020, 06:00:44 PM |
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Frankly I enjoy USDT more than any other pairs and follows by ETH. But I trade constantly with USDT as a stable coin. Even if I set order to sell or buy a token I won't really be afraid of the market condition because I know it won't dump on me if the project didn't pick at all. I have a friend that prefers BTC because he felt like it's the best and many whales uses it for that fact it pumps more than others. Choices differs but I personally prefers the use of usdt to trade and to me it moves faster than others.
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Mttewndew
Jr. Member
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Activity: 433
Merit: 5
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March 29, 2020, 07:08:31 AM |
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In my opinion, the number of exchange pairs still correlates with the quality of service. Take, for example, Changelly. The service has a rather impressive number of exchange pairs, for most of which it also offers good rates. These things not least affect the usability of the service by the client, as all the coins necessary for him are collected in one place. As a result, a beginner can easily handle the swao. I think this can be considered a sign of quality service.
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southerngentuk
Sr. Member
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Activity: 1316
Merit: 252
Sugars.zone | DatingFi - Earn for Posting
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March 29, 2020, 07:11:21 AM |
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Usually I just want to increase the amount of USDT in my account, so I often use the altcoin / USDT trading pairs. I can easily control and monitor it regardless of the price of Bitcoin. And it also makes it easier for me to profit when the market is overstated
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gaston castano
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March 29, 2020, 09:01:27 AM |
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if there are more pairs then there will be many choices and of course this will also attract people's interest.
can be seen from large exchanges such as binance where 1 coin must have more than 1 pair.
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styca
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March 29, 2020, 09:17:34 AM |
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For me volumes are key. So long as it's a reputable exchange, I would generally trade on the one with higher volumes. The more volume there is, the smaller the gap between the top buy order and the bottom sell order. Basically if you sell at market price then instantly buy back at market price, you are making a loss dependent on the size of the gap. The smaller the gap, the better chance you have of making a profit.
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BlacksmithCorporation
Full Member
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Activity: 438
Merit: 100
arcs-chain.com
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March 29, 2020, 09:17:52 AM |
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Exchanges There are many pairs that do not mean good exchange, exchanges like Latoken, P2PB2B have hundreds of pairs, but there are trading pairs I observed, no one traded. And we all know they are bad exchanges.
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BlackFor3st
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March 29, 2020, 10:35:33 AM |
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Recently, I began to notice that some exchanges publish graphs of the most popular crypto pairs. For example, here is Poloniex or Changelly. I was wondering if there is a certain correlation between the number of pairs and the quality of service, that is, the more pairs, the better the service and exchange conditions, or is it just random information that develops and heaps of different indicators? Does such info say anything at all? Which pair do you swap, and how many are them? That graphs are very helpful to the exchange owners so they can put enough funds to the pairs that were being use by many because if they can't maintain their balances it can deplete their users as the users will surely look for other exchange who can provide that pair. And with regards to my conversion, what I usually swap most often are btc to xrp, btc to eth and vice versa. If I have some useful tokens also, I usually convert them to either eth or xrp so I can less in transaction fee upon cashing it out to my personal wallet and exchange it to our local fiat. |
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gweedo
Legendary
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Activity: 1498
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March 29, 2020, 12:15:27 PM |
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Exchanges There are many pairs that do not mean good exchange, exchanges like Latoken, P2PB2B have hundreds of pairs, but there are trading pairs I observed, no one traded. And we all know they are bad exchanges.
I think you were wrong, it depends on each exchange. You should look at Binance and other top exchanges, they have many different trading pairs and lots of volumes. Because they have many users and the altcoins they list are the best altcoins in this market. And you are referring to the shitcoin listed at the shit exchange, certainly no one will trade there |
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tvplus006
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Activity: 2296
Merit: 1655
To the Moon
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March 29, 2020, 12:42:47 PM |
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I see how many people over the past 2 years have begun to use very stable coins very much. Because the dollar even in the cryptocurrency market has a very strong position. Trading volumes in relation to Bitcoin are becoming smaller.
Trading to USDT allows you to fix your profit in dollars. This way, you can reduce the risks of cryptocurrency depreciation associated with its volatility. But if you are a Hodler, it will be more acceptable for you to trade in a pair with BTC, which will increase the number of bitcoins. |
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