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Author Topic: What do you trade?  (Read 558 times)
Bergkampsballs (OP)
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December 12, 2020, 10:05:03 PM
 #1

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
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December 12, 2020, 10:14:58 PM
 #2

I am trading based on trading volumes, like the highest, the better and it is more active market. Just think that the higher trading volume, the more money are circulating within that pairs or the more people currently trading that pair.

Example here in Binance Futures, I am sorting the list based on volume, so for me, I can select from top 1 - 10 from the sorted list based on trading volume.

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December 12, 2020, 10:33:12 PM
 #3

It's actually different for everyone. Most people just do the same way @GreatArkansas does - selecting pairs that are currently making moves and taking advantage of it. But for me, I have a few favorite pairs that I do trade from time to time since I've gotten to know the projects and I'm part of their community.  Occasionally, I do check out coins that have done well in a period - like the last 24 hours and I trade them based on the market activity for that day.

The truth is, when you start getting more experienced with trading, you tend to build your very own trading system and with time, you will have your own way of picking assets/coins to trade.

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December 12, 2020, 10:42:11 PM
 #4

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
I usually stick to bitcoin pairs but I don't use the funds that I've got in holding. I spend extra cash for buying bitcoin and that's the usual accumulation strategy which is profitable in the long run. That's the DCA - dollar cost averaging, a continuous buying order as long as you've got money to spend for.

It's not the typical day trading idea because I know that it could make my situation worst and could lose me a lot of money. That's not advisable for people like you who just turned learning about it. You can start your trades with bitcoin/usdt or any stable coins or your with local fiat currency if the exchange supports it.

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December 12, 2020, 11:55:31 PM
 #5

Since you are still a learner, start off with crypto/stable coin trading pairs like BTC/USDT or ETH/USDT. This will make it easier for you to determine your entry and exit points, Profit or loss etc
Also stick with top marketcap coins and avoid brand-new coins/tokens that don't have great trading volumes.

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December 13, 2020, 01:35:48 AM
 #6

90% of the time I'm trading alts and the rest are some BTC/USD(T)(C) hedging and securing positions trades.

I find it works well for me because I'm following almost every promising new coin and buying on the news, selling after. The most annoying is that a big chunk of time is passing through meaningless messages and tweets.

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December 13, 2020, 05:40:10 AM
 #7

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?

In the past, I always search for a coin with a red candle at the market, but I only choose the coin that can increase back in the next hours. That is before the crypto market has a lot of coins to trade. But after many coins get lists at the market, I decided to use the volume, but only select the potential coin as before. But now, I try to trade bitcoin pair usdt, but sometimes, I trade altcoin pair bitcoin which can give me a profit in bitcoin. If you can trade bitcoin pair usdt, it is enough for you to make a profit because if you select the altcoin, that will be too many altcoins that you need to analyze.
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December 13, 2020, 06:39:43 AM
 #8

Thanks for the answers guys, I understand which pairs I should be looking at now! Cheers.
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December 13, 2020, 06:58:03 AM
 #9

Since you are still a learner, start off with crypto/stable coin trading pairs like BTC/USDT or ETH/USDT. This will make it easier for you to determine your entry and exit points, Profit or loss etc
Also stick with top marketcap coins and avoid brand-new coins/tokens that don't have great trading volumes.

Op stick to this advice by the user I qouted above (use it as a reference) and you'll be just find in the industry. Don't be in a rush to make profits and dive into trading altcoins to altcoins especially those news ones listed almost weekly on binance (innovative zone). They can create you huge profit but that chance is minimum to the lost they can create due to the impact of bitcoin on the market currently. Trade stairs too coins and gain the experience you'll need when tackling other market.

Every coin reaction to the movement of bitcoin that means if bitcoin was to experience any small price corrections, these coins dump aggressively. The altcoins can easily be manuka md too as they're new and have less trading volumes compared to other top coins.

Finally, your trading preference should come from your personal research and not suggestions from others as what works out for certain traders might not work your for you.

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December 13, 2020, 07:24:59 AM
 #10

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
i usually trade with any token paired with BTC. but if you get a profit, my profit is paired with USDT. so USDT is the deposit of my trading profit. hope it helps you

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December 13, 2020, 07:43:10 AM
 #11

Thanks for the answers guys, I understand which pairs I should be looking at now! Cheers.

Glad I could help. I'd like to add that you have to make a decision on which pairs to trade. For instance, if your focus is to accumulate more BTC, then trade BTC/altcoins pair but if it's USDT (or other stable coins) that you're after, then trade those altcoins/USDT pairs. Like I said earlier, it all boils down to what you want. So it should be based on your personal preference and not someone else. Also start working a trading system that would have structures that determine most of your trading activities like which pairs to trade, which indicator works for you (if you do TA) ,or  when to trade etc.





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December 13, 2020, 11:35:53 AM
 #12

If I include the pairs that I trade on the crypto market a lot, I do not know a trading pair. When the market moves. I look at Bitcoin or Altcoins and select them and trade.
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December 13, 2020, 12:01:33 PM
 #13

I have done business and it has made me very profitable. The best way to trade is to buy at a lower price and sell at a higher price. If you are not dependent on a currency you need to invest in Bitcoin as well as Altcoin. It is not possible to say when it will rise so in both cases it will be better to make a profit. Defi projects in the market are trying to rise a lot. As the value of currencies increases so will the value of tokens.
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December 13, 2020, 01:39:42 PM
Last edit: December 13, 2020, 01:51:17 PM by YOSHIE
 #14

What are your most common trades?
What do you mean....! Altcoins that we trade...! Or our trading market...!

OP, in general if you ask me the answer is very clear that I trade Bitcoin, it is common and I always trade every hour and day.



Other altcoins are also involved in my trading: for example Ethereum, and there are a few other coins that have taken part, but the two coins I mentioned are very common in my trading.

R


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December 13, 2020, 04:00:24 PM
 #15

It's actually different for everyone. Most people just do the same way @GreatArkansas does - selecting pairs that are currently making moves and taking advantage of it. But for me, I have a few favorite pairs that I do trade from time to time since I've gotten to know the projects and I'm part of their community.

its good to be in love with a coin(s) which you only buy it (them) but if you noticed at the moment the market is not doing well and not all altcoins are in bull market , just few are
making pumps from time to another , so i think buying a slow coin that doesnt make you profit from time to time is not a wise decision , exactly like what happened with XRP lately .

so like other members above said , its better to make a filter of coins with the highest volume in last 24h and trade , you will got a better profit chance this way .
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December 13, 2020, 05:07:30 PM
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I started trading forex, before I decided to try crypto out. It been profit upon profit ever since I started. And I'm very glad I did. It was a very difficult thing when I was looking around for who to train me, but to some extent now. I have learnt some stuffs that has made a pros in trading. I even conducted a free lesson for some of my junior colleagues at work. Who are looking for ways to increase their FI financial intelligence. And I have been able to teach them some of the things that I know. Knowledge is power.

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December 13, 2020, 06:09:44 PM
 #17

I'm trading bitcoin right now because is really pumping in the market which many traders are making a good profit from their trade in the market. Since bitcoin started pumping in the market, that is causing many traders to trade with bitcoin because the way is rising in the market everyday,that is making other cryptocurrencies to reduce during the pandemic. Many traders are testified about the benefits most of them have received from bitcoin since it started pumping in the exchange market.

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December 13, 2020, 06:43:43 PM
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I do not really stick to a certain pair list and only trade with them, but I do have a certain pair list that I trade without limiting myself to it. I don't know if I was capable of explaining myself clear enough, I have certain pairs that I enjoy and trade constantly but I also have a lot of new things that come out and I haven't heard of them before and I start to trade them as well.

Like for example, I didn't traded wave for a long time and in the end one day I decided to do it and made some profit and got out and now I am not trading it, that is an example of me not trading with certain coins and limit myself to them, however at the same time I have been trading on ethereum for years and haven't given up on it, still collecting and accumulating as much as I possibly can.

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December 13, 2020, 07:22:03 PM
 #19

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
One of the first things that you need to do as a trader is to define what markets you are going to trade, there are simply too many markets out there and you do not have the money to trade them all so you need to decide beforehand which ones are the best possible ones for your strategy, as you may guess some of the most popular are the ones that include BTC and another top altcoin and for the most part those are the ones that you should stick to it at the beginning of your trading career.
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December 13, 2020, 07:23:38 PM
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There are different coins which u can trade but me I always trade bitcoin, but u can check binance exchange there are lots of coins there just do your research and you are good to go!!!

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December 13, 2020, 07:28:54 PM
 #21

I only leverage trade BTC/USDT, XRP/USDT and BZRX/USDT as these 3 pairs are my personal favorites. I do it whenever I get any signal from a channel which has exceptional purchasing power collectively and can move the markets to a certain level. I also trade many other pairs but never trade them on leverage.

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December 13, 2020, 07:34:59 PM
 #22

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?

It is a good move that you have made moves to learn how to trade for yourself, believe me it is a very good and brave decision; I personaly trade any available pairs; i make trading charts daily, analyse and interpret them before i place my order and short loss too. If you can learn patiently and also be consistent in your lessons, you would learn faster.

You can trade every tokens in the exchange platform.
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December 13, 2020, 09:25:10 PM
 #23

Thanks for all the feedback, it's been an interesting read.

I already have an amount of BTC, ETH and XRP which I plan to hodl a large proportion of whilst I learn to trade. I'm going to keep it simple and try to learn to trade between BTC/USDT before potentially moving on to trade the others one at a time.

For any other beginners learning to trade I have found a very useful video course which was recommended to me on this forum that I am currently working my way through:

https://www.youtube.com/watch?v=LICDqKS0-GY&list=PLBcrRkQDkijjeXqQirpE9sI6yhCtLie2x&index=1

One thing that I am unsure about is how to trade during a strong bear market or a strong bull market such as the last few months. It seems like if you had tried to trade BTC for USDT during October or November for example, you would have likely lost a lot of money that you could have made just by hodling whilst the bull market was strong. Am I missing something here or is it generally better just to HODL whilst the bull market is strong?

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December 13, 2020, 10:05:00 PM
 #24

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?


Personally, I am still consistent in trading BTC / USDT, ETH / USDT, DOGE / USDT, and BTT / USDT. yes even though there are several new tokens I hold. but I didn't really pay attention, because it wasn't really a guarantee. because new tokens depend on HYPE and trading volume.
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December 13, 2020, 11:14:26 PM
 #25

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?

I've trading xrp nowadays, but the price stabilized after the huge bounce. My holdings have been pending, and I couldn't do some short trading due to strong resistance. The price was too unpredictable, it might crash suddenly and am afraid of losing more money. So I prefer to wait until $0.72 per coin is reached.
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December 14, 2020, 12:08:13 AM
 #26

Like most people, I trade based on the highest trading volume. That's why I always trade with USDT pairing,
for me it is easier to make profit trading from USDT pairing. So my favorite trading is BTC / USDT and ETH / USDT,
both of which are trading pairs that I often use. But that doesn't mean I never use other trading pairs, because
I also sometimes try other trading pairs. It depends on the strategy I use when trading.

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December 14, 2020, 04:03:18 AM
 #27

I trade any crypto that is in the top 10 of coinmarketcap. But right now I'm focusing on btc/usdt and eth/btc pairs. I feel less risk trading those 2 because they've been stable these past few days and only moving on a small price range. I sometimes trade low volume altcoins if I think it's preparing for a pump.
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December 14, 2020, 04:28:46 AM
 #28

I have just learned to trade in these months because I also cannot rely on the results of airdrops and pairs that like btc.eth, xlm, xrp and some defi coins the most
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December 14, 2020, 07:44:30 AM
 #29

My popular trading pairs are BTC/USDT and ETH/USDT, I also put my trust in a few other trading pairs but can't equal them. However i will trade less in the near future, I prefer to hold them for a long time because I think holding them is more valuable.
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December 14, 2020, 02:24:05 PM
 #30

Bitcoin is now becoming popular to trade, but for me Altcoins are very good to trade, for now.
We know that the current situation is a lot of people holding Bitcoin, and many predictions that bitcoin will reach $ 30k,
this will make Fomo and traders try to trade there, but you have to remember Altcoin also has great potential at this time.
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December 14, 2020, 05:19:16 PM
 #31

Most of the time ETH/USDT pair.
It's the easiest as of now since movement will always be there.
Ethereum 2.0 release made it more volatile so better get your hands with some Ethereum now.

If you are still trying to practice then it could be the best choice for now. Focus on just one. You could diversify later on.
Don't step into coins that you don't know yet. Bad things could happen.
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December 15, 2020, 12:42:14 PM
 #32

At present, my favourite trade pairs are usdt/eth, usdt/xrp, usdt/xlm. USDT is the most secure coin in the crypto-currencies world. So, in my opinion, you should keep 50% coin as usdt and others, you can trade top 20 currencies.

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December 15, 2020, 02:28:55 PM
 #33

I am trading based on trading volumes, like the highest, the better and it is more active market. Just think that the higher trading volume, the more money are circulating within that pairs or the more people currently trading that pair.

Example here in Binance Futures, I am sorting the list based on volume, so for me, I can select from top 1 - 10 from the sorted list based on trading volume.

Trading volume is most important because could make chance to get profit more but how to trade with some coin less volume transaction on the market and worry will sell order fill or not. Many coins have less volume transaction because not interested by investor and almost coin have much volume transaction on exchange become most looking for coins to trade and investing. I will buy any coin have much volume but always check how position coin place on the market cap.
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December 15, 2020, 03:34:12 PM
 #34

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
BTC / USDT is usually paired with this altcoin for the perfect match. as many exchanges use BTC / USDT for trading. for example ETH-USDT, so use the pair that you think is the best as people suggest here
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December 15, 2020, 11:01:32 PM
 #35

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?

I trade BTC/USD and probably, this is the most common trade with low risk in the crypto market.. Because all other cryptocurrency prices are being affected or directed by btc price in one way or the other.
So the best for you is to stick to btc
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December 15, 2020, 11:15:38 PM
 #36

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?

I've trading plr coins for the past years but it didn't go higher and their team of the project had been affected with bear market that takes too long. So I decided to divert my asset with xrp, and every now and then I've trading this coins buying and selling. Keeping my mindset to gain good profit despite of losing some small amount, and in order to sustain I don't take risk with setting limits because sometimes it's frustrations.
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December 15, 2020, 11:37:16 PM
 #37

Actually, I am a newbie so that I need much safer coins and also pairing for me. I am not good at market analysis so that being safer is enough.
- CHoose the top exchanges. I always trade in Binance and also top local exchange in my country.
- I always choose the top coins that already have good liquidity, trading volume, and also a market cap. I will not risk my funds into new coins, moreover hype coins. So far, I pick the top 20 that are selected by some.
- Trading pair that I choose mostly is the USDT or other stable coin in my local country. SOmetimes I use BTC/ETH/BNB but if their price is is still low.

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December 15, 2020, 11:56:49 PM
 #38

I choose coins with a high volatility rate but to expect also higher risk. This is not really advisable for beginners due to the high-risk level.
And just like the replies above, BTC/USDT is my favorite pairs as well. Aside from its market volume and volatility, it was also listed to most crypto exchanges where it is easier for you to make a trade at your chosen exchanger.

If you are into that plan, you make research first. Don't jump into this field if you aren't ready yet, otherwise, you will be filled with regrets and discomfort.

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December 16, 2020, 06:10:45 AM
 #39

Most of us here have a BTC/USD pair. I usually do three pairs actually. Btc/usd, btc/xrp and btc/eth.  Those were in a global demand pairs.
 
 Regardless of pairs you are going to trade OP, the most significant part is you know how to analyze the markets and know how to read TA's. Why not try to find which pairs you wanted to trade and then try to look for the one that you think is easy to read. But i prefer coin paired with stable coins like that BTC/USD.
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December 16, 2020, 06:56:02 AM
 #40

My advice is right now focus on trading using BTC / USD or BTC / USDT, because now the Bitcoin price is being pumped,
so if trading with altcoins pairing will make your capital run out. So the best pairing for now is fiat or stablecoins,
if the Bitcoin price crosses the $ 20,000 resistance and the price after that starts to stabilize, then you can trade BTC / alts.

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December 16, 2020, 07:40:48 AM
 #41

~snip~
If you are into that plan, you make research first. Don't jump into this field if you aren't ready yet, otherwise, you will be filled with regrets and discomfort.
Research is very important before trading, because by doing research we will know which coins are good for trading. Some of the coins that are on the CMC Top 10 list I think are pretty good coins. Some of them are as you mentioned BTC / USDT or you can also choose ETH, XRP, LTC and others.

If you don't have the basic knowledge about trading as a beginner, it is very risky. Because trading in cryptocurrencies is very volatile and if you are too panic it will be very detrimental.
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December 16, 2020, 09:51:38 AM
 #42

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
Most common is market volume. When you saw market volume increase this coin price increase after time. Every time you need to follow telegram group. A news make high increase coin price.


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December 16, 2020, 12:50:32 PM
 #43

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
Most common is market volume. When you saw market volume increase this coin price increase after time. Every time you need to follow telegram group. A news make high increase coin price.
It is just like you are suggesting coins that have been in a hype? I don't think it was a good suggestion coz it was a kind of a trap for noobs.

Following telegram groups just like a pump and dump group, trading signal, it just like you are risking your money. If we are into trading, it better to stop following them and stop relying on them but instead of making your own decision.
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December 16, 2020, 01:15:13 PM
 #44

My advice is right now focus on trading using BTC / USD or BTC / USDT, because now the Bitcoin price is being pumped,
so if trading with altcoins pairing will make your capital run out. So the best pairing for now is fiat or stablecoins,
if the Bitcoin price crosses the $ 20,000 resistance and the price after that starts to stabilize, then you can trade BTC / alts.
True you will never feel the a good gain in any altcoin if the Bitcoin bull is in dominance. More of the altcoin will fall if this things continue and that means you will lost the possible gain you can earn in trading altcoin when every altcoin is dumping. Like what happen today ,every one know when the BTC increase faster altcoin will be in red there is only few altcoin can survive it.

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December 16, 2020, 03:32:12 PM
 #45

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
When I am trading I usually choose those coins that have a higher volume because they are more certain than the coins that have low volume. Bitcoin and Ethereum was my primary coin to trade with while on the other hand, I am using USDT to liquidate or preserve their value when the downtrend comes. For you who are only about to start trading, I highly recommend using Bitcoin as well before going into some volatile altcoins because this really contains higher risk exposure. Investing in high volatility coins requires a lot of experience and knowledge in dealing with them otherwise you will only be filled with remorse.



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December 16, 2020, 06:59:33 PM
 #46

I trade deer skin for dollars which I buy arrows with to go hunt bounty and give that to sheriff in order to get my gold. All red dead jokes aside, trading is something everyone does differently, there is no way to get a grip on trading by looking at someone else.

I understand that this copy trading methods and ideas are growing bigger and bigger, specially with companies that does allow copy trading on their websites spending thousands of dollars per day to promote the idea, but you could always be original and do your own thing and create your own profits without checking out what everyone else does. I personally do not really like it when people tell me what to do, I specially go against that and NOT do what they suggest me to do hence I have done fine so far, and still not cared what others advised.

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December 16, 2020, 09:07:02 PM
 #47

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?
Because trading is funny for some trader, they can get money as they wanted with a short time if they can. More than that, there so many people especially in youtube who told that they can get money fastly in trading, so by this thing new trader will easily enter to be a trader.

I do, every trader must have thier own strategy, not just copying another people strategy and make an entry with their strategy, you never get any profit at the end. I choose some coin that I must be watch their price movement, I only choose a coin who has increased/decreased comparing to another coin.

The coin which have a good sentiment market will give you a profit fastly as long as you set a profit target. Yeah this thing will be forgetted by some traders, they only put an entry and let it. Whereas the first thing that you should make it as a habit is set profit and loss target everytime you make an entry.
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December 17, 2020, 06:07:22 PM
 #48

Actually, I am a newbie so that I need much safer coins and also pairing for me. I am not good at market analysis so that being safer is enough.
- CHoose the top exchanges. I always trade in Binance and also top local exchange in my country.
- I always choose the top coins that already have good liquidity, trading volume, and also a market cap. I will not risk my funds into new coins, moreover hype coins. So far, I pick the top 20 that are selected by some.
- Trading pair that I choose mostly is the USDT or other stable coin in my local country. SOmetimes I use BTC/ETH/BNB but if their price is is still low.
The coins you said you sometimes used (BTC, BNB, ETH) are good coins and I will advise you to invest most in the coin since you are using Binance, you'll also get some other benefits from Binance through the BNB investment but 45% of all the top 20 are good for trading. However, I will advise you to improve your knowledge in market analysis and how to choose the right coin cause this is what i consider to be the most important fundamental in crypto trading.

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proTECH77
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Bisq Market Day - March 20th 2023


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December 17, 2020, 07:46:58 PM
 #49

I'm trading litecoin and BNB which I know with time it will change for my good to make a good profit. Many traders just focus on bitcoin in the market because of the steady pumping they are experiencing in the market, thinking other cryptocurrencies will not rise to over take bitcoin in the exchange market.
Since litecoin and BNB are increasing gradually in the market, show it will definitely improve before the end of this month to enable their customers to make a good income. With the price positive change of litecoin and BNB in the market show that all litecoin and BNB investors will soon experience positive change in their trade. 

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Silberman
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December 17, 2020, 08:07:41 PM
 #50

One thing that I am unsure about is how to trade during a strong bear market or a strong bull market such as the last few months. It seems like if you had tried to trade BTC for USDT during October or November for example, you would have likely lost a lot of money that you could have made just by hodling whilst the bull market was strong. Am I missing something here or is it generally better just to HODL whilst the bull market is strong?
That is why a strategy needs to be very specific, there are moments in the market in which the best thing you can do is simply to be out of them, if you are a trader and you see a strong bear market if you do not like to short then just say out of it and begin trading once the price stabilizes, and when the market is showing a strong bull trend then it is better to just wait until it reaches its peak, you need several strategies about what to do on the market depending on what you see since using the same strategy regardless of the market conditions is a mistake.
BayAngelo
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December 17, 2020, 10:20:33 PM
 #51

There are materials that can help you perfect your trading skills. what you choose to trade depends on you. if you choose to trade altcoins. great for you, if you feels like trading btc and alts, make the best use of it. as you desire, stick to a pattern.
personally, i have different tradding platforms i used and different patttern for my trade. binance for top tokens in the coin market and bitmax for defi.

sana54210
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December 18, 2020, 05:29:49 AM
 #52

Recently bitcoin increased a lot, if people check the bitcoin prices of altcoins and dollar prices of these coins they will realize that it is not as expected, bitcoin prices of many coins dropped a lot, bnb for example dropped like 30% in the recent few months, whereas price of it increased.

This is why I am collecting some trustworthy altcoins since I believe they will eventually reach to what bitcoin price they used to be , and of course bitcoin price is higher right now which means if altcoins go back to their old bitcoin prices their dollar price will shoot to sky. Things like ethereum, bnb, litecoin, eos, tron and wave so far, I am currently happy with them, I will probably keep reinvesting into them a bit more, not until they all have 1000 dollar each I will not look for another coin.
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eXch.cx - Automatic crypto Swap Exchange.


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December 18, 2020, 06:53:12 AM
 #53

- I always choose the top coins that already have good liquidity, trading volume, and also a market cap. I will not risk my funds into new coins, moreover hype coins. So far, I pick the top 20 that are selected by some.

You said everything right until this point which is why I just have to step in to avoid you making this mistakes. Top coins aren't always the best, them been at the top could be as a result of hypes which from your statement you're trying to avoid, which is applaudable. These days hardly before your see a newbie avoiding hyped projects, they feel that's their best opportunity to make quick money since that's what interest most of them before they picked interest in the industry.

Adhering to people suggestions when picking the best project to invest in isn't advisable, most suggestions are based on their personal preference which might not favour you due to your investment timeframe. Some investors would pick a certain project for short term investment but you that is hoping to invest for a longer term might get burnt as the project won't do well for that long.

A quick example are defi project that were topping ROI charts earlier this year, many of them aren't doing so well now and those that investment for a longer term are losing while those that only invested for the short term must have cash out massively. Always do your personal research and invest in project that suit your strategy.

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Lorokan
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December 18, 2020, 03:37:20 PM
 #54

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?

I trade crypto currency tokens and to put rightly in context; there are more than 4,000 tokens in the crypto currency that you can trade to earn and make profits. You can handpick your favorite trade pair be it a btc pair, eth or usdt pair. What is important is you understanding how to trade; the rest would come easy for you.
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December 18, 2020, 03:59:06 PM
 #55

Hi,

I'm trying to learn how to trade and I was wondering what people here tend to trade between? Do you just have a set list of trading pairs that you stick to? What are your most common trades?

I traded altcoins dude, and these altcoins are below 5 satoshi that has at least 5, 000$ and up in the exchange platform.
With these I could still have a big chance to earn Bitcoin in the future. And so far from 0.00025BTC within 5 days it turned into
0.00291BTC in which is not that bad at all, I'm just doing it compounding methods. This is just for one token only except other token
that I've also invested with the same amount of satoshi. Cheesy

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December 18, 2020, 09:36:03 PM
 #56

I try several in fact, but all are within top 50 or so by market cap. At a time like this, not many Alts do well, most money is drawn in to BTC so I try to take advantage of this as much as possible. Mind you, this type of day trading does take up your day but the market is generous enough to make it worth while.
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