Before entering the world of trading, I thought that all cryptocurrencies were traded only in dollars. I didn't know the concept of trading pairs and couldn't understand the difference between pairs like BTC/USDT and ETH/BTC. However, through learning and experience, I found that choosing the right trading pair has a significant impact on the trading outcome. Sometimes a coin may be fine, but the pair being traded may lack liquidity or behave strangely.
One thing I learned is that some trading pairs are more stable and easier to predict. For example, pairs with USDT are linked to the dollar, so the price is clear. On the other hand, pairs with BTC or ETH are more complex because you have to monitor both assets simultaneously.
So, before every trade, I always ask myself: which trading pair offers the best price and execution? Should I convert the profits back to dollars or invest in another asset? I often use pairs with BNB or BTC, especially when I want to switch between projects without cashing out. Now I've come to understand that the choice of trading pairs depends on my trading goals and the overall market situation.
Now, the choice of trading pairs has become part of my decision-making. I don't just trade because a coin is rising. I look at which coin to pair with and how that pair has moved over the past few days. I have started to check trading volume, liquidity, and spreads before trading. There is a significant difference compared to the old days when I would simply hit the 'buy' button.
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