Choosing a cryptocurrency pair | Bitcointalksearch.org

petulino

full member

Activity: 280

Merit: 114

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

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

full member

Activity: 1050

Merit: 100

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

hero member

Activity: 1778

Merit: 746

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

legendary

Activity: 3808

Merit: 1723

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

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

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.

Bushdark

sr. member

Activity: 1008

Merit: 262

Vave.com - Crypto Casino

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

hero member

Activity: 2408

Merit: 584

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

jr. member

Activity: 1708

Merit: 3

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

full member

Activity: 1092

Merit: 227

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.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

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

legendary

Activity: 2660

Merit: 1074

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

full member

Activity: 574

Merit: 100

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

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

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

sr. member

Activity: 994

Merit: 441

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

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

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

member

Activity: 938

Merit: 13

Tontogether | Save Smart & Win Big

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

sr. member

Activity: 1008

Merit: 366

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

legendary

Activity: 2506

Merit: 1394

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

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

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

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

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.

AbuBhakar

hero member

Activity: 1120

Merit: 554

🇵🇭

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

What do you men by pairing? Choosing a fair is based on the liquidity for that specific pool. Traders usually choose better liquidity no matter what is the pair since that will give a less price impact on trading. Currencies with less liquidity typically die so make sure only trade a token with high liquidity to avoid being burned by huge capital. Liquidity dictates everything about the price. The existence of DEX makes the importance of liquidity highlighted since DEX shows the detailed percentage of the liquidity pool unlike CEX that has no data with their liquidity.

rat03gopoh

hero member

Activity: 2212

Merit: 670

Signature designer - start @$10 - PM me!

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.

safar1980

legendary

Activity: 1708

Merit: 1615

Payment Gateway Allows Recurring Payments

Quote from: tjtonmoy on May 27, 2023, 04:17:00 PM

Once I traded this ALT called Merlin token with USDT pair. It was doing great, showing some good price movements, and I was making a good profit. But as we all know what happens to centralized shit, it rejected so hard that my $386 worth of tokens went down to $1.6 after some days. It happened in only 2 hours. That was the first event why now I hate ALTS so much.
Bitcoin is the best choice in my opinion because of it being decentralized, and it has the ability to grow back up when it goes down. History shows us that and as we know, history repeats itself. So no doubt, BTC/USDT pair is the best. Keep on it and in the long run you will be more profitable than those ALTS pairs.

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.

tjtonmoy

sr. member

Activity: 1008

Merit: 366

Once I traded this ALT called Merlin token with USDT pair. It was doing great, showing some good price movements, and I was making a good profit. But as we all know what happens to centralized shit, it rejected so hard that my $386 worth of tokens went down to $1.6 after some days. It happened in only 2 hours. That was the first event why now I hate ALTS so much.
Bitcoin is the best choice in my opinion because of it being decentralized, and it has the ability to grow back up when it goes down. History shows us that and as we know, history repeats itself. So no doubt, BTC/USDT pair is the best. Keep on it and in the long run you will be more profitable than those ALTS pairs.

Nrcewker

copper member

Activity: 2268

Merit: 539

LuckyDiamond.io - FLAT 50% Deposit Bonus!

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

BTC/USD and ETH/USD are the trading pairs I use the most. I just feel more confident when I use these trading pairs and personally haven’t received much losses while using this. Yes I can use other coins as trading pairs and can get good profits from it, but still with good profit the risk involved is also increased, hence I stick to the basic and goes with the pairs with less inflation.

Doan9269

hero member

Activity: 812

Merit: 560

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

I've invested mostly on bitcoin in my entire life, lately i began to take a look on cryptocurrencies like litecoin and Ethereum, i wouldn't want to go too far because i wanted to stay more close to the confined zones where am likely not to loose my money or investment, which makes me to maintain only these few for now, i know that they can never fail for now and there's no how you will be making a crypto ratings without including them on the first 10 coins one can invest with.

YOSHIE

legendary

Activity: 2128

Merit: 1775

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

In general we often see and people talk about, whether here or on the internet / google, they often talk about cryptocurrency pairs in trading they always take the top 10 types of crypto in: https://coinmarketcap.com/, it is commonly done by crypto trading actors.

Of course, everyone has their own partner in terms of trading, to be honest if you ask me for sure, I only use and have only three types of crypto in trading, (1). Bitcoins (2).Ethereum (3). BNB, those are the three types of crypto that I always use in crypto trading, nothing else.

yudi09

hero member

Activity: 1316

Merit: 787

Rollbit - The #1 Solana Casino

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

-snip-

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.

xanto

member

Activity: 216

Merit: 11

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

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

When trading, you have to consider leverage. Assuming you are using BTCUSDT futures to trade, going not more than 3x margin ratio is better. But if you are using altcoins, going not more than 1x instead is better.

The problem with altcoins is that you have to look for better ones. I have used some before which are good, and some are bad because they are most volatile. Example of good ones are litecoin, dash and qtum. There are other better ones like neo, doge, sand, gala, and some others. But there are some altcoins that are very volatile which I will not advice any trader to use for trading.

Bitcoin is good for trading, but if you are also looking for altcoins, check the volatility for days to weeks or even to a month or two and make sure the altcoins are not very volatile at all.

If going for more or most volatile coins, that is the beginning of gambling and also the beginning of failure.

hugeblack

legendary

Activity: 2702

Merit: 4002

I prefer the Bitcoin / Ethereum pair, which gives me some dynamism in fear of risks, since in both cases I will make gains in the long run, since the two currencies have a good future and the probability that one of these two currencies will go to zero is very low.
Profits generated from this trading are converted into Bitcoin.
Then I trade in the stable currency pair with support and resistance points, so that it is medium-term trading with a maximum of 6 months.
The profits generated from the above trading I use for day trading where I can buy and sell in altcoins without any real fear of losing my capital.

This strategy is good and works well, but it is slow and low risk.

ancafe

hero member

Activity: 1778

Merit: 746

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

Most of what you say is true because indeed bitcoin will never die or disappear and there is a lot of evidence that bitcoin is the best asset out of several other existing cryptos. However you can also choose ETH as the closest competitor which has a sizeable market cap and is now in the second position, but I prefer to suggest you to do a separate analysis before choosing the best one to trade.

Some people don't mind the risk every time they try to choose an altcoin in the short term and some even choose the shitcoin they trade, the concept even though this is discouraged many people still choose it. In essence, before making a decision you need to study how much you are prepared to lose.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

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

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

Does the coin/token's longevity even matter if we're talking about trading(and not investing) anyway? I've traded a lot of coins/tokens that I have no intention of holding for more than a month; not because they're crap and temporary doesn't automatically mean you can't make money off 'em by trading 'em.

Husires

legendary

Activity: 1596

Merit: 1288

People's knowledge about trading does not go beyond following the social media news, or at best, following the discussions here and there, and a little bit of technical analysis news before starting trading, and here emotion plays a big role and the trader may achieve profits, but what he does is a high-risk investment that may end with a loss his money.
Therefore, you will find that the reason for investing something in a currency are flimsy reasons without an in-depth analysis, whether it is technical or why you invest in it. You will find that most of us invested in dogecoin for nothing but some tweets on Twitter, or that he made some profits and thought he was a skilled trader.
If you invest carefully, you will find that you do not diversify your investments, but rather diversify your risks, and it is a short-term investment policy, while the long-term investment will be for Bitcoin only.

dansus021

copper member

Activity: 2156

Merit: 983

Part of AOBT - English Translator to Indonesia

If you trade an altcoin and want to make more bitcoin than altcoin with BTC pair is good for you but these pair is fade away because some people prefer trade with stablecoin and trade with BTC pair is need to stick your head on the screen because slightly change on bitcoin price it changes a lot on altcoin with BTC pair rather than coin with stablecoin pair.

Personally, I trade with stablecoin but I also accumulate Bitcoin

sheenshane

legendary

Activity: 2492

Merit: 1232

IMO, when it comes to trading cryptocurrency pairs, I usually consider these important factors such as liquidity, market volatility, and individual project fundamentals. Because I believe many traders focus on major pairs like BTC/USD, ETH/USD, or BTC/ETH as they tend to have higher liquidity and trading volume, making them more stable and predictable. So these pairs are also widely available on various exchanges.

Quote from: logfiles on May 26, 2023, 06:40:12 PM

I don't have any specific coin I trade, especially on futures. I mostly look for the trading pairs that are most trending or top percentage increase/loss in the last 24 hours for my trading strategy.

It's risky but I like it because this strategy will earn profit in a short period of time.
One of my friends said, "You can ride the wave of momentum and make a profit on it", which is he is also liked to trade a trending pair and he didn't care if that was pump and dump as long as monitor your positions closely. Because this was my advice, keeping an eye on trends and monitoring percentage changes can be a viable strategy if executed with discipline and careful analysis. The last thing is, there should be a stop-loss what ever strategy it is.

logfiles

copper member

Activity: 2170

Merit: 1822

Top Crypto Casino

I don't have any specific coin I trade, especially on futures. I mostly look for the trading pairs that are most trending or top percentage increase/loss in the last 24 hours for my trading strategy.

As for spot
Short term, it will be shitcoins that pump and dump. Lately it has been meme coins like PEPE, LADYS, SHANG, PYSOP etc
Long term, top market cap solid coins like BTC, ETH, DOGE...

jeraldskie11

sr. member

Activity: 1316

Merit: 356

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 you choose a trading pair, make sure the volatility of the market is not so high because it will only hit your stop loss every time you trade. You can see that in the chart that the price action is so choppy and has a long wicks. That's why I prefer to choose trading pair in crypto that have low volatility, such as the top 10 highest marketcap. But don't jump directly in the market and trade, you must also do a back test of your strat each of them everytime you trade because they don't have the price action.

safar1980

legendary

Activity: 1708

Merit: 1615

Payment Gateway Allows Recurring Payments

Ethereum should not disappear. I like the new shitcoins for mining lately. After appearing on the stock exchange, their price increases several times.
If you invest 100 dollars, then you can get 200-300 dollars and more, but this is for fun. Bitcoin or Ethereum is better for trading.

xanto

member

Activity: 216

Merit: 11

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

Topic: Choosing a cryptocurrency pair (Read 317 times)