Let’s talk about trading pairs and quote currencies.
The price of the same coin can vary slightly depending on the quote currency. When the gap gets large, arbitrageurs step in and bring prices back in line.
To be honest, this is something I only figured out later: before buying the same coin with different quote currencies, you can compare the prices and trading volumes of a few trading pairs.
Here’s a market update: $BTC is currently at 76174.51 (24h -5.23%).
Markets can always surprise you, so think ahead about what you’ll do if your read is wrong.
#BTC
In a highly volatile market, manage your risk first.
The price of the same coin can vary slightly depending on the quote currency. When the gap gets large, arbitrageurs step in and bring prices back in line.
To be honest, this is something I only figured out later: before buying the same coin with different quote currencies, you can compare the prices and trading volumes of a few trading pairs.
Here’s a market update: $BTC is currently at 76174.51 (24h -5.23%).
Markets can always surprise you, so think ahead about what you’ll do if your read is wrong.
#BTC
In a highly volatile market, manage your risk first.