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Crypto Tips For Beginners- 2
Content Marketer in the Blockchain space  Jan 14, 2023
Crypto Tips For Beginners- 2

Cont'd from the first post on crypto tips for beginners, here are extra insights on how to trade crypto, recounted from Tim Ventura:


Trade against USDT pairs. 


This isn’t set in stone, but when you trade against ETH or BTC, there’s natural movement on both sides of the pair. I’ve had several trades go sideways because ETH was on an up or downtrend that I missed. After all, I was focused on the alt-coin. I’ve had other transactions where it appears the coin is increasing in value, but it’s staying the same in value — the chart’s increasing, but ETH is declining.


If you trade against USDT, you can be relatively confident that your gains are actual financial increases and won’t simply be eroded as ETH fluctuates. Of course, this limits you to trading BTC, ETH & BNB (on Binance), so if you want to hit the alts, you’ll need to trade against ETH or BTC. Most of the people making this trade against BTC because the daily fluctuations are less.


Trade coins with volume


The higher the trading volume, the more predictable trends will be. When looking at alt-coins, try to find ones with a significant trading volume.

Keep in mind that low-volume coins also have peaks & valleys, but if you don’t have a lot of people trading in them, then it only takes one major player to decide to do something strange to make it perform unpredictably.


Long-Term Coin Fundamentals Don’t Affect Short-Term Trades


You’re going to meet a lot of enthusiasts for XRP, XML, Cardano, etc. They’ll tell you to buy based on the coin’s specs, future possibilities, partnerships, etc. This might matter in the long term (i.e., an entire year), but it doesn’t mean a damned thing in the exchange.

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