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RE: The Coinigy Market Scanner will be a game changer

in #trading7 years ago

I am wondering the best way to keep funds ready on BTRX since all trades are in BTC but for days when BTC is going steadily down shouldn't these funds been in USD or USDT so we don't loose % when it is sitting?

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thats a pretty common question..But its very hard to decide when and where to change back and forth, because its like trading forex and stocks at the same time.. As an example, if you owned a car lot, and you sold cars, would you trade in your USD for some other currency every so often and stop buying more cars/stock because USD vrs CAD or EUR keeps fluctuating up and down? Its like trading on top of trading, it gets complicated..
So what I do is keep a set amount of BTC and ETH for trading, and then I also trade BTC/USDT and ETH/USDT, with other moneys but not the set amount that I had set aside for trading pairs...
It helps if you believe that BTC and ETH will be worth alot more in the future, then its easier to set some aside for trading other coins..

That is a great angle at looking at it thank you Luc! Also am I in Vancouver and looking for a solid programmer to help out on this scanner project, will keep you posted. Cheers - Dolfski