Hello,
I am a noob in the cryptoworld..
..and need some help:
I really wonder, why i cant use such pairs with gunbot: USD-BTC, USD-LTC, USD-XPR, USD-BCC...etc. ?
In the moment, i have to predict every time where the price of FIAT-BTC will go, because my money are kept in BTC on Bittrex !....and if a huge BTC dump appear i will lose everything i made with the gunbot ?
Is my logic right ?
Thanks in advance!
I am a noob in the cryptoworld..
..and need some help:I really wonder, why i cant use such pairs with gunbot: USD-BTC, USD-LTC, USD-XPR, USD-BCC...etc. ?
In the moment, i have to predict every time where the price of FIAT-BTC will go, because my money are kept in BTC on Bittrex !....and if a huge BTC dump appear i will lose everything i made with the gunbot ?
Is my logic right ?
Thanks in advance!
If your goal is to increase fiat, then yes your logic is fine.
I think that philosophically most people in the crypto world are focused on increasing their holdings in non-fiat currency, so even if you are "down" fiat you are still "up" btc or eth or whatever pair you're pegging to (which, to be clear, would have been the wiser currency to focus on the past few years).