What are the best starting hands for trading cryptocurrency?

3 answers

• May 07, 2022 · 3 years ago
  As a cryptocurrency trading expert, I would recommend beginners to start with well-established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). These are considered to be the 'blue-chip' cryptocurrencies and have a strong track record. Additionally, focusing on major cryptocurrencies will provide more liquidity and stability in the market. In terms of strategies, it's important to do thorough research, analyze market trends, and consider factors like volume, market capitalization, and news events. Technical indicators such as moving averages, relative strength index (RSI), and Bollinger Bands can also be helpful in making informed trading decisions.
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• May 07, 2022 · 3 years ago
  When it comes to trading cryptocurrency, it's crucial for beginners to understand the risks involved. While Bitcoin and Ethereum are popular choices, it's also important to diversify your portfolio and explore other promising cryptocurrencies. Keep in mind that the cryptocurrency market is highly volatile, so it's essential to set realistic expectations and not invest more than you can afford to lose. Learning from experienced traders, following reputable sources for news and analysis, and staying updated with the latest market trends can greatly improve your trading skills.
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• May 07, 2022 · 3 years ago
  According to a recent study by BYDFi, the best starting hands for trading cryptocurrency are Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). These cryptocurrencies have shown consistent growth and have a strong community backing. However, it's important to note that trading involves risks, and it's advisable to do your own research and consult with a financial advisor before making any investment decisions. Remember, the key to successful trading is to stay informed, be patient, and always have a risk management strategy in place.
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