Choosing a cryptocurrency pair | Bitcointalksearch.org

petulino

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Quote from: xanto on May 26, 2023, 10:26:04 AM

Hello
I suddenly had a question about the choice of cryptocurrency pairs for trading and I became very interested in how people trade now
I have used a lot of different cryptocurrencies in my life,but bitcoin will always remain the main one for me
Other coins may disappear but bitcoin never will
Share your experiences with different cryptocurrency pairs
Even with a good or bad ending

-Regards

No one can deny the popularity of Bitcoin, but investors with low capital often make trading/investments in low-value coins. I always use Bitcoin pair for trading because when the price of Bitcoin is low in a bear market, there are many crypto currencies that are in Bitcoin pair and there is good volatility, then trading is very profitable. In a bear market there is a good profit in a Bitcoin pair rather than a stable pair.

But such coins are also risky because often the Binance exchange also delists. As in recent times, Binance delisted some coins from time to time, and many people lost due to delisting. When WABI and QLC were delisted which I also had and I also suffered a lot.
So you are right that all other coins may disappear but Bitcoin will always be trusted.

nur rochid

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for trading I think the BTC pair is the most common, besides that we can trade on eth or bnb pairs. In my opinion, all three of them can still be analyzed with normal movements and minimal market manipulation, and in my opinion they are most suitable for short-term trading, besides that for long-term trading it is also very feasible if you want to invest in them. whereas for short-term trading the problem is very complex, and we must have knowledge first

ancafe

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Quote from: barlo357 on May 29, 2023, 02:47:03 PM

I always use USDT pair since it is always the largest volume compared to other stable coins like BUSD, USDC. With the situation months ago where some of the stable coins depeg, it is a bit alarming to use those. So, for now, even those issues with the stable coins that I mentioned are already fixed, I still find USDT a first option as a pair and as a temporary asset when I don't have any crypto to buy.

For long term investment I don't think you need a partner as an investment because bitcoin is far more reliable to maintain the financial value that we have. Unless we expect short-term gains by implementing the strategy in other potential coins, but it's exactly the nature of what you say and we have to see one coin that can maintain the value of the capital we spend. I agree with your pattern where you use USDT to maintain financial flows before buying bitcoin to invest in the long term, compared to buying other coins which are more risky to maintain financial stability.

At some point we must be able to maximize finances as the last step to buy bitcoin as the best investment we want, while the pattern and strategy is up to how to maximize and most importantly the closest source for investments made as a pair must match. Taking too much risk in other investments will stop us from buying bitcoins when the price is good in the market because the reserve capital has already been used in other coins.

adaseb

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The main ones are pretty much BTC and ETH. You can actually make good money day trading these all day and night. After that you got alts like XRP or BNB but these generally don’t have much moves every day.

They were around for years so they are good for long term trading but for some term day trades you might not find any worthwhile moves.

Dr.Osh

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Bitcoin has indeed been a very good choice so far. bitcoin is like a coin we have nothing to lose even in the long run. it is a low risk coin. Another coin that I think has great qualities after bitcoin is ethereum. before the price was as high as it is now, I was more likely to hold ethereum than any other coin, and that made me a sizeable profit. After all, those two coins are the coins that even today I still prefer.

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Quote from: xanto on May 26, 2023, 10:26:04 AM

Hello
I suddenly had a question about the choice of cryptocurrency pairs for trading and I became very interested in how people trade now
I have used a lot of different cryptocurrencies in my life,but bitcoin will always remain the main one for me
Other coins may disappear but bitcoin never will
Share your experiences with different cryptocurrency pairs
Even with a good or bad ending

-Regards

Thereare many cryptocurrency pairs so we need to select the ones we know that we can trade especially doing some research on them and there possible direction. This is very important because I had trade some pair that made me stay in the market for so long because the pair was not moving the way I think it would. If we hold a volatile coin pairs, we can make profits within hours or few days because the price of the pairs is moving, andit will either send us to the bull side or to the bear side. This is why we need to know the cryptocurrency pairs we are trading before entering the market.

doomloop

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Quote from: jaberwock on May 30, 2023, 02:25:04 PM

I think the OP is referring to trading pairs. In investing. It's not necessary to have a trading pair or to have two investments. Even Bitcoin alone is already great for the long term. But in between Bitcoin and Ethereum, we all know if who is best among them. That will still be Bitcoin. Trading pairs are important more than the analysis and others.

I am not an expert when it comes to these things but they said that a volatile crypto is a better pair than the stable coins or fiats. Bitcoin will still be the main choice here and can be followed by Ethereum. I think that is because these two are very popular so they also have the highest volume among other unstable cryptos.

It's necessary to choose the best trading pair as per your preferences in trading, if you want to trade altcoins against Bitcoin, you might be hit by the volatility if the price suddenly starts dropping in between the times when you are trading, that is the reason why most traders use stable coin pairs so that there are no such issues and they can easily determine the profits and losses.

That is the reason why we always see stable coins like USDT against BTC having a 24h trading volume of above $1B, because most people trade Bitcoin against USDT and they also trade other altcoins against USDT or other stable coins like BUSD, USDC, etc.

cute nmp

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I trade almost twenty crypto-currency pairs and have make quite good profits from them.Think it is better to get familiar with many pairs as possible for one to become a professional trader.Despite the fact that I trade many pairs my favorite will always be Btc cause it has more clear support and resistance zones which suits my style of trading more than the rest.

Flexystar

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Ehh, just choose anything that has got bigger volume when you are trading. This makes you sure about two things- you can easily sell at anytime and you can buy at anytime without much wait time really. This all makes it way clearer while choosing the correct trading pair.

Don’t make it too complicated while choosing. There exists multiple trading pair but as anyone could have guessed one should only go with the bitcoin as trading pair and make it easier to trade. If that’s not the choice then ultimately it goes to ETH pair. As far as these two are considered I highly doubt there’re any stable and bulky pairs out there.

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Quote from: barlo357 on May 29, 2023, 02:47:03 PM

I always use USDT pair since it is always the largest volume compared to other stable coins like BUSD, USDC. With the situation months ago where some of the stable coins depeg, it is a bit alarming to use those. So, for now, even those issues with the stable coins that I mentioned are already fixed, I still find USDT a first option as a pair and as a temporary asset when I don't have any crypto to buy.

i can agree using usdt for trading or temporary holding. but for long-term holding, better opt for btc. what am worried about USDT is their backing. how true that they are now totally backed by assets they are claiming to have?
if not usdt, choose an alt which has pretty much good trading volume, which you can easily execute your order. also, it depends on the exchange you are trading with as well. if you are trading in a small exchange, the movement sometimes is quite slow.

jaberwock

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Quote from: yudi09 on May 27, 2023, 06:38:04 AM

This only concerns the investment pair that I will choose and has nothing to do with who is the best among them.
Bitcoin and Ethereum might be a crypto pair to invest in.

From my experience, among the many altcoins that are available and even those that appear all the time, Ethereum has good resistance from most altcoins including expecting returns, of course this is a crypto pair for those who trade medium and long term.
IMO, a Bitcoin and Ethereum pair that can reduce the level of risk in long-term trading and not worry too much about losing capital.

I think the OP is referring to trading pairs. In investing. It's not necessary to have a trading pair or to have two investments. Even Bitcoin alone is already great for the long term. But in between Bitcoin and Ethereum, we all know if who is best among them. That will still be Bitcoin. Trading pairs are important more than the analysis and others.

I am not an expert when it comes to these things but they said that a volatile crypto is a better pair than the stable coins or fiats. Bitcoin will still be the main choice here and can be followed by Ethereum. I think that is because these two are very popular so they also have the highest volume among other unstable cryptos.

barlo357

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I always use USDT pair since it is always the largest volume compared to other stable coins like BUSD, USDC. With the situation months ago where some of the stable coins depeg, it is a bit alarming to use those. So, for now, even those issues with the stable coins that I mentioned are already fixed, I still find USDT a first option as a pair and as a temporary asset when I don't have any crypto to buy.

gabbie2010

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Quote from: xanto on May 26, 2023, 10:26:04 AM

Hello
I suddenly had a question about the choice of cryptocurrency pairs for trading and I became very interested in how people trade now
I have used a lot of different cryptocurrencies in my life,but bitcoin will always remain the main one for me
Other coins may disappear but bitcoin never will
Share your experiences with different cryptocurrency pairs
Even with a good or bad ending

-Regards

My preferable choice of crypto trading pair is BTCUSD because it's move ahead of most the crypto pairs and most of the trading crypto chart patterns is similar to BTCUSD charts thus before trading other pairs it becomes necessary to take at glance at BTCUSD charts to check for the current situation of the market that is why I preferred BTCUSD pair and being the most traded crypto pair with the highest volume it tend to obey technical and fundamental analysis in most cases because most of the major news is centred around Bitcoin i.e a positive news will trend the price bullishly and a negative news will trend the price bearishly.

Rigon

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I have traded many tokens in my life where I have gained a lot and lost a lot. The biggest loss of my life is that is ISP token by trading. I bought ISP Token for $100 and made up to $700 profit. Later I bought it for 700 dollars and made a profit of 2000 dollars. After that comes the instability in the market. That instability still remains. The token equal to $2000 is now showing $117. But I don't know if my loss will be recovered. As this is a Altcoin there is no guarantee of loss recovery.

No matter what anyone says I will always say bitcoin is the most trusted coin. All tokens move on based this bitcoin price. So I am never afraid of the volatility of Bitcoin in the market because Bitcoin has the ability to recover even if there is volatility in the market. Now I rely more on Bitcoin for trading. Also I don't rely on any other coin for trading.

michellee

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USDT pair BTC is the best trade for me because the price gap can be very large and allows me to buy low and sell high. And even though after buying at a low price, I have to wait before I can sell it, that's okay because later I will make a profit too.

But Altcoin pairs USDT or pair BC are also other trades that can give me a way to get additional profits. But it's not as easy as when I trade BTC pair USDT because there are many altcoins that I have to analyze before I can decide to buy.

And here, I realized I must keep learning a lot about trading to get the right time to buy and sell it.

MIner1448

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When it comes to choosing cryptocurrency pairs to trade, every trader has their own approach and preferences. Some traders prefer to trade only with bitcoin as the main asset, as it is the most popular and well-known cryptocurrency. They can use BTC/USD, BTC/EUR or BTC/ETH pairs to trade on major cryptocurrency exchanges.
Other traders prefer to diversify their investments and trade with different cryptocurrencies. They can choose pairs such as ETH/BTC, LTC/BTC, XRP/BTC and others to benefit from the price volatility of different coins. When one cryptocurrency increases in value relative to bitcoin, a trader can sell it for bitcoin and make a profit.

tjtonmoy

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Quote from: safar1980 on May 27, 2023, 04:51:25 PM

I also sometimes buy coins where the risk is very high, but with experience you will learn not to be greedy and sell coins when you have a profit of 200-300%.
The value of coins can rise even higher, but miners have a rule to keep 10-20 percent of the coins if the price goes up.
And if you sell 80% of the coins, then you will have a profit.

Altcoin market is pretty much manipulative. Whales or devs are just waiting for other small investors to invest so that they can take that opportunity to sell at high and exit the market. This does not happen to all of them, but how are you going to filter them out? Seems impossible at some point and you only know when the shit happens. And those still standing in the market is not that much profitable. Same as Bitcoin trading as many of them follow the sentiment of bitcoin market. So if it's the same, then why take the risk to choose a centralized one when you can choose the decentralized one which is the best?
Maybe my thinking is a bit different from yours. So, can you tell me more about it?

GreatArkansas

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Quote from: xanto on May 26, 2023, 10:26:04 AM

Share your experiences with different cryptocurrency pairs
Even with a good or bad ending
(.....)

Me, I don't have really experience because for me sometimes instead of trading other pairs especially the mid-low market caps, they are almost the same, they must correlate with price of top cryptocurrencies like Bitcoin or Ethereum, that's why sometimes I ended up trading Bitcoin or Ethereum.

jrrsparkles

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Quote from: rat03gopoh on May 27, 2023, 11:56:51 PM

Quote from: xanto on May 27, 2023, 05:05:23 AM

Thanks to all for the advice of course,guys
But I don't need to explain it all,because it's an explanation for beginners

I am interested in your choice and the advantages of this or that trading pair in your opinion

-Regards

So yeah I don't think an older member should be collecting trading stories from a younger member because I think they know better what to consider independently. This kind of question will only get repeated generic answers about 3 types of trading pairs: Fluctuatecoins X Stablecoins, Fluctuatecoins X Fluctuatecoins, Stablecoins X Stablecoins.

There should be no discrimination based on forum ranks, newbie doesn't mean he is not having knowledge about trading. What if the member been practicing trading for years and now only entered into bitcointalk, we have to deny their opinions?

OP's question is too vague and he didn't make it clear as well so he didn't advise anything at all just mentioning the name bitcoin.

wxa7115

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Quote from: xanto on May 26, 2023, 10:26:04 AM

Hello
I suddenly had a question about the choice of cryptocurrency pairs for trading and I became very interested in how people trade now
I have used a lot of different cryptocurrencies in my life,but bitcoin will always remain the main one for me
Other coins may disappear but bitcoin never will
Share your experiences with different cryptocurrency pairs
Even with a good or bad ending

-Regards

When it comes to selecting a trading pair there are two factors that should always be on the back of your mind, the first one is how good both coins are, if you are going to trade a pair of coins then you need to know both coins are good, otherwise do not even bother.

And the second factor is the volume of the trading pair, you want to avoid becoming a victim of the whales, which can manipulate the price of most small coins at will, or the developers of those coins, and for that you need the volume to be high, unfortunately most coins cannot fulfill this condition, which is why it is strongly advised to not actively trade them.

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