conversao
30,386 views
3 Discussing
Hot
Latest
See original
Is it better to buy cryptocurrencies in USDT or BRL?
Not sure which of the two pairs to trade your cryptocurrencies with? What are the implications of working with each of them?
This is a very common question and still confuses many users, especially those who are not very familiar with the crypto market.
Buying cryptocurrencies in dollars (Tether)
The financial asset used as a reference for the value of cryptocurrencies is the US dollar (USD). This means that, regardless of the pair used for trading, the market understands that the US dollar is the basis for the average pricing.
Even when you trade, for example, in the BTC/BRL (Bitcoin/Real) pair, the quote is based on the BTC/USD (Bitcoin/US dollar) pair.
In other words: when you trade cryptocurrencies in USD pair, it means that you are working directly with the price reference on a global scale, without the need to make currency conversions.
Buying cryptocurrencies in reais 💲
When you buy cryptocurrencies in reais, the situation becomes a little more complex. This is because, as previously mentioned, the global reference is the US dollar.
This occurs due to the direct influence of the exchange rate. For example, imagine that 1 USD = 6.24 BRL (1 US dollar is equivalent to 6.24 reais).
If the value of the dollar starts to fall, it will be possible to buy more cryptocurrencies with the same amount of reais; on the other hand, if the value of the dollar rises (which has been the reality) it will be necessary to spend more reais to make the same purchase.
This means that strong fluctuations in dollar prices directly affect the performance of the asset in reais.
#usdt #brl #usd #conversao #USDT。
Not sure which of the two pairs to trade your cryptocurrencies with? What are the implications of working with each of them?
This is a very common question and still confuses many users, especially those who are not very familiar with the crypto market.
Buying cryptocurrencies in dollars (Tether)
The financial asset used as a reference for the value of cryptocurrencies is the US dollar (USD). This means that, regardless of the pair used for trading, the market understands that the US dollar is the basis for the average pricing.
Even when you trade, for example, in the BTC/BRL (Bitcoin/Real) pair, the quote is based on the BTC/USD (Bitcoin/US dollar) pair.
In other words: when you trade cryptocurrencies in USD pair, it means that you are working directly with the price reference on a global scale, without the need to make currency conversions.
Buying cryptocurrencies in reais 💲
When you buy cryptocurrencies in reais, the situation becomes a little more complex. This is because, as previously mentioned, the global reference is the US dollar.
This occurs due to the direct influence of the exchange rate. For example, imagine that 1 USD = 6.24 BRL (1 US dollar is equivalent to 6.24 reais).
If the value of the dollar starts to fall, it will be possible to buy more cryptocurrencies with the same amount of reais; on the other hand, if the value of the dollar rises (which has been the reality) it will be necessary to spend more reais to make the same purchase.
This means that strong fluctuations in dollar prices directly affect the performance of the asset in reais.
#usdt #brl #usd #conversao #USDT。
See original
NEVER CONVERT CRYPTOCURRENCIES!
When converting, you receive the market value, and this is the type of situation that only the most inexperienced do. Conversion is only viable if you have, for example, small amounts that cannot be traded on the spot market. Converting crypto on the exchange is the equivalent of buying cryptocurrency on Fintechs like #nubank , for example, places where you do not actually buy crypto.
You always need to trade with cryptocurrency. If you bought at price “A”, place a sell order at price “B”. You can even use a Trailing Stop to improve your profits.
In short: you should always want to buy as cheaply as possible, to sell as expensively as possible. This is only possible when you create your own sell order, whether at a limit or through Trailing to follow the price trend. (Converting is not the same thing, and anyone who thinks there is no fee is mistaken, since the value is already included in your transaction. There is no free lunch).
In the#Spotmarket, you can afford to get stuck in a crypto, unlike futures. In other words, if you bought a crypto and got stuck at the top because it started to fall, you just need to be patient and wait for it to recover to sell at a profit (There is crypto and crypto! Getting stuck in a BTC is not the same as in a **DEX itcoin that has a short lifespan). Remember, you only sell at a loss if you want to, no one is forcing you to do so. The market is completely psychological. In the Spot operations classes, I gave the example of someone who bought $BTC Bitcoin at the top of November 2021, it took years for the person to get out of the loss and sell the position at a profit.
The idea of this post is simply to inform the new audience that they can create more advanced sell orders than simply converting, whether at limit or market.
#btc #conversao #BinanceAlphaAlert #JoblessClaimsUp
When converting, you receive the market value, and this is the type of situation that only the most inexperienced do. Conversion is only viable if you have, for example, small amounts that cannot be traded on the spot market. Converting crypto on the exchange is the equivalent of buying cryptocurrency on Fintechs like #nubank , for example, places where you do not actually buy crypto.
You always need to trade with cryptocurrency. If you bought at price “A”, place a sell order at price “B”. You can even use a Trailing Stop to improve your profits.
In short: you should always want to buy as cheaply as possible, to sell as expensively as possible. This is only possible when you create your own sell order, whether at a limit or through Trailing to follow the price trend. (Converting is not the same thing, and anyone who thinks there is no fee is mistaken, since the value is already included in your transaction. There is no free lunch).
In the#Spotmarket, you can afford to get stuck in a crypto, unlike futures. In other words, if you bought a crypto and got stuck at the top because it started to fall, you just need to be patient and wait for it to recover to sell at a profit (There is crypto and crypto! Getting stuck in a BTC is not the same as in a **DEX itcoin that has a short lifespan). Remember, you only sell at a loss if you want to, no one is forcing you to do so. The market is completely psychological. In the Spot operations classes, I gave the example of someone who bought $BTC Bitcoin at the top of November 2021, it took years for the person to get out of the loss and sell the position at a profit.
The idea of this post is simply to inform the new audience that they can create more advanced sell orders than simply converting, whether at limit or market.
#btc #conversao #BinanceAlphaAlert #JoblessClaimsUp
Login to explore more contents