Crypto Trading pairs Explained: What Crypto Pairs should I use?
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- Опубликовано: 21 авг 2024
- Trading pairs explained: In this video, I will give you all the basics of crypto trading pairs. I will explain how I choose my crypto pairs when trading or when I want to accumulate more crypto. So if you are asking yourself, which crypto pairs should you trade as a beginner? Well, I hope this video will help you answer this question.
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DISCLAIMER
Everything expressed here is my opinion and not official investment advice - please do your own research before risking your own money. The material provided is for educational purposes only.
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Finally a video that explains this simply and clearly. Not enough channels cover this topic in terms of stacking crypto, despite talking about the profit they make from doing it.
@Amir Xzavier yup, have been watching on instaflixxer for since november myself :)
Let me cut this down for you.
1. Aquire btc while low and sell at top of bull run.
2. Do not trade or scalp in a downward market.
3. Aquire assets at the lowest points of the market cycle, take profits at the top of each seasons bull run.
4. Start young, this will yield the best results.
Thank you,,,thumps up.....I understand now clearly what is pair's is all about
This is the BEST explanation I have ever heard and I actually understand it. Thank you for speaking perfect English and thank you for not talking wayyyyyyyyyy too fast. You are bar none the best on RUclips! An automatic like & subscribe from me Karl!
Hi! This is very kind of you! But my English is far being perfect! 😆 My French always want to take over! Lol! Thanks a lot for your nice comment 😊
this guy knows something about this stuff... think I will test it, maybe it really works
Thanks. I like this simplified explanation of trading pairs. Well done
You're legend. Eloquently delivered.
Thankyou for this video, clear explanation and your voice did not irritate me like on most people on these, great work👍
the first explanation that I've actually understood! Thank you so much for your clear and simple explanation. Very much appreciated. Liked and subscribed!
Thanks Donna for your nice comment!! 🙂
thank you for explaining both currency pairs. i hope this will come into use in my future trading endeavors.
Thanks for your comment! 🙂
The bitter truth is - nobody has a answer on when a market goes bullish or bearish? If anyone know it life would have been easy and no one will ever lose money.
Best explanation! Thank you!
Loved your explanation. Thx!
Hey Karl...I have one complaint - There is no transcript with your "BRILLIANT" video which has taken me a very long time with endless different search questions trying to find something like what you have put up which no-one else has been able to do...Thank-you so much Karl and yes my stress levels have dropped by 95% and are confident to go do some Trading now...Absolutely AWESOME...Cheers from a KIWI lol...
Wow! Thanks Neville for your comment! Appreciated! 🙂
A very good video, plain English, and to the point! :)
Great video, just subscribed! Just a summary question, in the case that I invested in a crypto pair for example ADA/BNB, when would I make the most profit? Would it be when both ADA and BNB both increase, or do I want BNB to stay the same or another scenario? Thank you and keep up the great content!
Hi Adil! If you want to accumulate more BNB, the best would be for ADA to go higher. If both increase about the same time, you might not have more BNB, but it will increase in $ value. Hope it help! 😁
I came here with the same struggle. Trading with stable coins is a no brainer for me, but trading with pairs without stablecoins, I feel like I'm the most stupied man walking on this earth.
It's actually quit hard to find an explaination. So I had to learn by doing.
I did like this.
My belief yesterday was that ADA should perform bad against $. So I traded ADA/BTC (with leverage)....I got short on ADA by borrowing by lending ADA and also selling them at the same time.
I think I kind of right, but I know I didn't answered your question. Maybe you had find your answer and can guide me?
I can't see one (1) reason to trade without a stablecoin in a bull market...my brain doesn't compute at all on this topic
Thank you! It was easy to understand your video.
Thank you for your video. The explanation is sweet to the point. 🤠
Great Clear Explanation definitely worth my like 👍
Thank you so muchhhhhhhhhh! This helped me understand Alot!
9:37 that's what I'm talking about let's gooooooooo!
This video is the best explanation
great explanation, thumbs up
Great video! When I realize a profit through a trading pair such as (ie. BTC/USDC) does this trigger a taxable event? Considering that my profit is in the stable coin (USDC) and I haven't liquidated back into fiat yet.
Unfortunately yeah from what I've seen. Was thinking it was a grand idea to just keep doing that back and forth as the market goes up/down but unfortunately it is
Yes it does.
Ok. I have a question about something that absolutely does not make sense to me. Crypto trading pairs being demanded by crypto "exchanges" in order to list a company's token. I am told Binance, Bitrue, etc., require the cryptocompany to send them so many of their tokens plus so many Bitcoin or Ethereum.
I spoke to a crypto hedgefund CEO who threw his hands up at my questions. I understand the "party" line that you need to buy one crypto with another crypto, hence there is a trading pair. With stocks, every stock is purchasable with dollars. Many tokens are bought with USDC, BTC or ETH. But when I asked the fund CEO tell me where the Bitcoin in the trading pair the company sends has ANYTHING to do with person A selling his token to person B for person B's BTC, ETH or USDC? I send my token to the "exchange" or broker, and the buyer has sent or raised the BTC to buy it with in his account. I'm the seller of the token, the buyer is using his own BTC to buy my token, so why did the company behind the crypto I have NEED to send the "exchange" a trading pair.
In my transaction above with persons A & B, those two retail customers had the two cryptos used in the transaction. One had lets say Doge for say, one had BTC to buy it with. So at what point in their private transaction did the exchange come in, use the doge/btc trading pair to facilitate the trade? Nowhere. What actually happened was my Doge went to the buyers account simultaneously as buyer's BTC went into my account. Nothing else was needed. No further BTC or DOGE was needed. We didn't have to even involve the exchange's so called trading pair to facilitate A & B's trade of Doge for Btc.
The poor fund manager tried to say, well, liquidity. The trading pair provides liquidity. So I said, Great. Tell me where in the transaction of A & B did this mythical mystical trading pair come into play and the actual DOGE/BTC trading pair the doge founders sent in to them come into play. Person A sent Doge to Person B; Person B sent BTC to Person A, and the exchange sent BTC or DOGE or both to who?
I am a computer scientist, a psychologist, I speak four languages and am in a doctoral law program. Yet so far nobody can tell me where the trading pair sent in to the "exchange" (really a brokerage & exchange all in one) was actually used in this typical trading scenario.
What I do know is Person A can send Token 1 to Person B's Metamask wallet and Person B can pay for it by sending BTC to Person A's Metamask Wallet, and nobody has to have a trading pair involved in that. Do you understand that? I can send you a thousand or million dollars of DOGE to your Metamask, maybe you're my child, and you can send me your BTC to my Metamask, and we didn't need any exchange to do it, and we didn't need a so-called trading pair. And no middleman company like Doge foundation or Bitcoin Foundation had to step in by providing a trading pair.
So would you please address this issue for readers. It would awesome. Because I'm involved in several major projects and everybody just tries to say I don't understand trading pairs because they give liquidity, and that's a circular argument to say the way trading pairs provide liquidity is they provide liquidity in two cryptos. Lol.
A big clue the trading pairs are not needed to be sent in is that in the hundreds of years old stock market where they've refined it with a fine tooth comb, no company ever has to send in their shares to a stock exchange or a brokerage. The exchange, say Nasdaq, creates a program for their symbol so that all accounts of their associate brokerages licensed by them can put the new stock symbol in and buy it with USD. But they don't demand IBM or other companies send them so many IBM or ATT shares plus so many millions of dollars "to create liquidity". That's because and I thought it was obvious to all that the liquidity is provided by the HOLDERS of IBM ATT et al and by the buyers because IBM holders want to sell, then enter the amount of shares they want to sell, that's the IBM share liquidity being provided, by the seller, and the brokerage matches the order with some person who posted a buy order with the cash they provided in their account at their brokerage, which matches their buy order with the other brokerage's sell order, and that's the cash liquidity that's provided, by the buyer.
The only reason an exchange is needed for a real buyer and seller is for trust and security, so you don't send IBM or other shares to someone who then does NOT send you their payment. No exchange is needed for the purpose of providing a 3rd party element of cash and shares. Same for crypto. I got $10,000 to buy Bitcoin today. I just need to swap that with someone who has $10,000 of Bitcoin for sale. I don't need anybody else to get involved as far as supplying extra BTC and USDC. I have the USDC and someone has the BTC and we don't need anybody to do anymore than make the trade from our accounts at the same time in a trustworthy manner so nobody runs off with the other party's USDC or BTC.
Please boil your answer down to my scenario of Person A and Person B with Token 1 and BTC. I really would like to know why a trading pair is demanded by "exchanges" of cryptocompanies when the two persons involved in the trade are the real ones providing the liquidity.
Thank you for explaining this, you've got yourself another subscriber 👍🏼
Can i ask though, how do you work out the dominance in order to know which coin is going to maximise profits? I'm pretty new to this so apologies if this is a silly question lol.
Thats something I'd like to know too so not a silly question :)
That's the fun part! People analyze it or just guess it. There is technical analysis people use reading graphs and observing the behaviour of the coins move over the period of time, or, the market analysis - the bigger picture, taking into consideration all aspects of the economy, markets, etc. For example, If China suddenly forbids bitcoin, the price will probably drop etc, hope this helps, good luck!
must watch a couple times to understand comfortably thanx a million... hopefully
Lol! Thanks for your comment Robert! 🙂
Liked and Subscribed😃
this explanation helped alot thank you very much
I have 1 question Let's take an example
Case1....we buy 100 dot coin at the price of $20 in usdt pair
Case2....At the same price we buy btc first by $, then we buy 100 dot in btc
So finally we have 100 dot If we cash out that dot in future we get the same price in both pair then what's the difference please reply?????
Bro plz try to understand.
If you buy bitcoin of 20 usdt .it will also go up rather than usdt .
Because usdt is a stable coin .
And second thing when you pair it with dot it will give you double profit instead of usdt .
A lot of information in one video sir .Thank you for those valuable info sir.It cleared most of my doubts regarding pairing.✌
Thanks for your comment! 🙂
Merci Karl, j’ai accumuler bcp de vet et Ada alors me posais cette question pour les mettre au travail 🥷🏽
Clear and simple !!! Thank you sir.
The illustrations and graphics were especially helpful. Next time maybe no stock video, and more slides to help illustrate your points. Otherwise great! Thank you.
Great teaching
This was a great explanation. Thank you
thank you for this great video!! I love the explanation. I would like to accumulate more Etherium what pair can I use to get more Etherium coin? thanks again.
Still confused but why do trades pair.. why don’t you just buy a coin and watched it go up or down and that determines the value of number of coins held but doesn’t increase the number of coins held…
carl it would of been nice actually if you had shown how to do the trade on the platform... this is still confusing....
Great!! Insightful and simple explanations. Thank you!
Thanks Bonnie! 🙂
Wow! Well that got dislexic real quick. You would think a _"Quote Price"_ coin/token would be in the first position and not in the 2nd position following last.
Great video!
thank you for the information!
thanks for the clarification!
Thank you, I have more idea now
Nice, rarely spoken about but I found this very confusing maybe try with examples and animation, since we have no base in crypto unlike fiat.
I am still trying to figure out e.g shib/doge on Kucoin for almost 5 months ,but very easy to figure out shib/usdt or shib/busd or shib/dai or shib/usdc because they are all pegged to the US dollar.
I finally understand!!!!!!!! Thank you!
Hi Elena! Thanks for your comment! 🙂
Whats the difference of buying a pair lets say kmdeth and just buying kmd and converting to eth to make more eth?
i am still confused...
Thank you, Karl!
Is it smart to buy crypto in one pair to sell in in another? Is that possible? For example, buying ALPINE in pair ALPINE/USDT and then sell it in pair ALPINE/BTC?
hi Boss, can you make a video on the trading fees charge by Binance on each time you sell or buy a spot trading.
What USA Platforms are good , reliable with reasonable fees
I am new to trading and a bit confused how trade pairing works. So today I did trade pairing ETH/GDP. I brought. 0.5 ETH and the price increased. So I then sold the 0.5 ETH back to GDP but I had lost money? I thought as I brought ETH at a lower price and then sold at a higher price I would have made money?
Sir, In pair trading correlated currency pairs(say AUD/USD & NZD/USD) do you compare RSI value & sell overpriced pair & buy the weaker? OR do you compare CCI of each pair? Do you suggest using correlated cross currencies as pair trades(eg EUR/JPY & GBP/JPY)? On 4H chart sum up RSI 3, RSI 7,RSI 14, & compare added value on each pair & go. Thank you.
@Crypto Laps I am new to crypto and am still learning about it, and I am confused about why to use trading pairs. Why not just sell your alt coins and buy BTC directly? What is the advantage of using pairs to trade? I am trying to accumulate BTC, but want to make profit with my big cap alt coins to do so. I hope I am making sense. Thank you for your video, I have just subscribed.
Hi Jane, so if I take your example: you want to accumulate more BTC and making profit with big cap alt coin, buy and sell your alt coin using BTC as your quote currency. In your case you would use a trading pair with BTC against for favorite alt coins. Hope it help! Thanks for your comment! 🙂
Great vid tnx Karl. can you please show/explain what happen using btc/eth and eth/btc (both swap base for quote) when market 1. flat (sbot?), 2. both going up and 3. both going down in price (as example)? what situation is most profitable assuming btc always wanted as highest priced asset. Many thanks. Fiddy
@Crypto Laps can you please tell me which is a better pair and why? xdc/usdc vs xdc/xrp
Merci Monsieur
Merci à toi!
But where to actually trade in pairs? Webull and Coinbase apps don’t allow this? Do desktop versions allow this type of trading?
I am confused because I am super new at this. So when one buys a pair like BTC/USTD then one is buying two coins? One coin is called BTC and the other is called USTD? If the U.S. dollar goes up or down does that also change the USTD coin? Can one sell just one of the two coins?
It would be nice to just buy coins with fiat not these damn pairs😂
@@creator6182Makes good sense to me also. I still do not know if one has to buy each coin or are they sold as a pair as like in a mini mutual fund say,
thank you my brother
Thanks Harrison 🙂
So if a stablecoin crashed would whatever you purchased with the stablecoin get destroyed as well?
You have much experience on btc/eth pair?
How set stop limit. By the way I’m glad to see your videos
Hi! The way to do a stop limit is similar but different for all exchanges. Most exchange have Q&A to help you on their platform. Thanks for your comment! 🙂
I have a question if i did buy btc/reef when i decide to sell do i sell in busd or in btc ? Or it does not matter ? I will have the same money and i just sell in the currency i want to hold my winnings?
I’m still a little confused so if usdt is a sable coin why use it when you can use fiat or are the fees cheaper
👏
Hello I just subscribed and liked the video, I have a question if I trade a btc pair say sol/btc and sol made 50% profit and bitcoin also made say 5% profit, will I have more btc as 5% profit for bitcoin is a lot higher than 50% profit for sol in regards to their price value
What platform do you use to trade ?
thanks so much
WOW!!! This was helpful, Thank You!!!
superb sir
It does mean if the coin has more pair is that more valuable or stable?
As a beginner it makes no sense. Why not just sell Bitcoin to USD? I suppose that maybe the exchange doesn't support USD. That seems the only reason to use a stable coin.
So basically, we use pairs to make more money? For e.g. lets say Ethereum is down as well as Bitcoin and I know both will be rising in coming days. So, I buy Bitcoin and then buy ETH with those BTC? That way when prices of both currency goes up, I will make more money? Is my understanding right?
When the price of one of them in relation to the other goes up, you will make more money. For example:
Lets say 1 bitcoin is worth 0.5 ethereum. The price of bitcoin rises a lot but etherum price does not rise a lot, now 1 bitcoin is worth 0.75 ethereum. You can now buy more etherum with the same amount of bitcoin.
If bitcoin remains stable, but ethereum rises a lot, then 1 bitcoin will be worth 0.25 etherum. You can now buy less etherum with the same amount of bitcoin.
@@porto1st Thanks a lot brother 🙏🏻 This really cleared my doubts which I was finding on internet🙏🏻
@@surajhegde1304 no problem man, goodluck with your crypto journey!
@@porto1st cheers mate 🍻
Merci c'est très instructif
Merci pour ton commentaire! 🙂
Sir i am new to crypto market, from where shall I start my journey??? I am from india
mr crypto laps how did you learn to do this?
Wow your Awesome yes please do more on pairs and little more on the Benfits as well as the bad and illustration is great thank so glad I found you
Hi, anything wrong with using just plain USD as base currency or I do need to use USDT?
Hi! No there is nothing wrong with that. USD and USDT are 2 stable coins that do the same things.
I brought alt coin with BTC. Lost so much money
Thank you for this. Really helpful
Thank you. Sometimes you need to hear someone else explain it to understand clearly what you are doimg
So, if I own ADA/BTC and bitcoin drops to 48,000 and ADA is at $188 or .00003851 BTC. What should I do? Do I sell my ADA into BTC and wait for ADA to drop and buy back into ADA/BTC? I am trying to gain more BTC in the long run! I am just confused as to how to collect the gains on ADA and gain more BTC? Any one have an answer?
Yes I could be a option. Probably btc will start to go back up after this small dump. But on the other hand ADA is performing very well right now. The question is always which one could outperform the other one. 🤔 Thanks! 🙂
@@CryptoLaps ok, thanks for the answer and the great video!
is this for professional traders?? in other words people who dont know how to trade like the pros
Great video thank you!
Thanks John! 🙂
You look like Marco Sfogli 😜
🙏🙏
I like your name Karl, your parents earned you a free subscription 😂
I still don’t understand the purpose of trading pairs. If I want to buy BTC, I’ll buy BTC w/fiat. If I want to trade BTC for ADA/ETH etc... I’ll make the trade. I don’t know why the idea of pairs is a thing.
And why on earth would you bring a stable coin into this equation? Fiat is worthless and you want to throw a coin, backed by paper, into the mix? What am I missing?
Do you give free signals?
No sorry. Thanks for asking Patrick
Hey . I did your exact settings for the Mac d .
And I notice I’m getting a lot of losses due to strategy and stop loss . Any changes u made ?
Hi! The only change I mentioned a while ago, is to disable sell base on strategy. At what did you set your stop loss? Market has been crazy in the last week! It look like it want to start to go up and then we get ram down. 🙄
CAn u please post that link for that video below . Maybe I skipped or missed that one .
Stop loss 14 like suggested in video .
This is not clear at all. On top of everything else, stable coins are not so stable. In around the spring or summer of 2023, USDT on Binance U.S. was down to as low as 82 cents nearly 20 percent lower than it should have been. But you don't talk about that. Perhaps that was an anomaly only in that exchange but I will not go to any exchange that does not deal in U.S. dollars period. I am not putting my money in a so called stable coin that is going to devalue during a problem or downtrend.
To explain, just use two coins and explain....you are going on and on about multiple coins