Luc, thanks for this post, it helps clear things up a ton. Question for you: Do you find yourself trading more USDT pairs or BTC and ETH pairs? My concern is that trading something like an ALT/BTC pair is that you have to be very mindful of how BTC is behaving because that plays a large role in the ALT/BTC price. The downside is that it appears the larger coins paired against USDT have fewer panics. Any thoughts on this?
Thanks in advance - Dan
Dan I'm a beginner but I'll share with you what I do. Since most coins are offered with BTC and ETH, what I'm doing is trading to and from BTC and ETH on a day to day basis, and swing trading (around 1 trade per week maybe, depending on the price movement) BTC and ETH. My strategy was to minimize my risk by not keeping everything in BTC, so I split my capital between BTC and ETH (extra layer of safety: I trade BTC and ETH on two different exchanges). What happens now is that if BTC goes to 0 tomorrow, I still have half my capital in ETH. Also, if cryptopia gets hacked tomorrow, I have half my capital at Binance. Hope this helps.
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