Choosing cryptocurrency pairs for trading
17.07.2019
Speaking about the choice of pairs for trading, let's remember Coinmarketcap again with its 2,000 cryptocurrencies. Such a large number of currencies cannot be traded, so we will choose the most promising pairs. There are several secrets for the right choice:
Choose pairs where there is a fiat currency or a stablecoin. Their course is relatively stable and it will be easier to analyse the situation. Most often, beginners choose the BTC/USD and ETH/USDT pairs.
The selected currency pair should be traded frequently and actively so that it can be bought or sold at any time. Thus, the trader will not lose time in adverse conditions and will make an instant transaction.
Big players do not seriously affect the value of popular currencies. Things are worse for altcoins with a limited supply. Therefore, it is better to focus on the presence of a large amount of demand, because such currencies are more resistant to whales.
Of course, do not forget the main rules of trading and be aware of the risks. To begin with, it is not recommended to invest large amounts, the loss of which you will regret.
Earlier we wrote: Choosing a cryptocurrency exchange for trading
Current Articles
In the rapidly evolving landscape of financial technologies and decentralized finance (DeFi), the integration of stablecoins into traditional financial systems, including insurance, is becoming increasingly important. One of the most popular and widely used stablecoins is Tether (USDT). In this article, we will explore what USDT is and examine how it can be utilized in new models of insurance and risk management.
Currently, USDT is one of the most popular stable cryptocurrencies on the market. Also known as Tether, it is pegged to the US dollar at a 1:1 ratio, which helps maintain its relatively stable value. The main idea behind USDT is to combine the benefits of cryptocurrencies, such as decentralization and fast transactions, with the stability of traditional fiat currencies.
Tether Limited issued USDT in 2014. Many users wonder where to store USDT, how to exchange it, or how to use a USDT wallet. However, beyond these questions, it is also important to pay attention to financial transparency within the USDT ecosystem.