Topic: Hwo do you inject new Fiat money on the exchanges and in what format? (Read 84 times)
January 30, 2018, 02:20:43 PM
Hold fiat or USDT cause USDT price is stable from 0.98 to 1.02 usd. If you want to take a little risk just hold ethereum or bitcoin cause this two coin is main trading pair in some exchanger.
January 30, 2018, 02:14:15 PM
if you are going to buy a coin for bitcoin, then it's best to keep money in bitcoin. If he falls in price then all the rest will fall with him
January 30, 2018, 10:36:57 AM
I'm waiting that some coins fall below a certain price so that I can strengthen my position in that coin.
But because I do want to be prepared I need to inject new funds into the exchange.
I do know about the transfer fees and so on, but my main question is what is the best coin to reserve this funds in.
Let's take an example:
I'm waiting on Elixir to drop below $0,55. If this happens I do want to double the amount of shares in Elix.
I'm going to trade this on Kucoin. So, I can now convert Fiat money into DGB or LTC and transfer this to one of the 2 exchanges.
On both exchanges Elixir is only traded against BTC.
Can I best convert the funds to BTC and then wait? Or are there safer coins to which I convert it in, so that it better retains its value?
Tether due to the uncertainties is not an option for me.
Thx!
But because I do want to be prepared I need to inject new funds into the exchange.
I do know about the transfer fees and so on, but my main question is what is the best coin to reserve this funds in.
Let's take an example:
I'm waiting on Elixir to drop below $0,55. If this happens I do want to double the amount of shares in Elix.
I'm going to trade this on Kucoin. So, I can now convert Fiat money into DGB or LTC and transfer this to one of the 2 exchanges.
On both exchanges Elixir is only traded against BTC.
Can I best convert the funds to BTC and then wait? Or are there safer coins to which I convert it in, so that it better retains its value?
Tether due to the uncertainties is not an option for me.
Thx!
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