I am a noob in the cryptoworld.. ..and need some help:
I really wonder, why i cant use such pairs with gunbot: USD-BTC, USD-LTC, USD-XPR, USD-BCC...etc. ?
In the moment, i have to predict every time where the price of FIAT-BTC will go, because my money are kept in BTC on Bittrex !....and if a huge BTC dump appear i will lose everything i made with the gunbot ?
Is my logic right ?
Thanks in advance!
If your goal is to increase fiat, then yes your logic is fine.
I think that philosophically most people in the crypto world are focused on increasing their holdings in non-fiat currency, so even if you are "down" fiat you are still "up" btc or eth or whatever pair you're pegging to (which, to be clear, would have been the wiser currency to focus on the past few years).
..yep,...but if it is not in the next few years ?.......i mean that with such volatility and if, by any means, BTC price goes back to 1000usd and stabilizes there, i will lose 80% of my fiat capital.(because as everybody advises here i will not panic in a dump and will wait and wait...).
Really sorry for this stupid questions, but i can not bye bread with btc...at least not yet....