Guys
Apologies for my naivety on this subject but I really am struggling !!!!
More and more I want to buy coins with lower market caps that you can find on exchanges such as Cryptopia . Kucoin etc etc - I understand how to get the money onto the exchanges BUT what I am struggling with is VERY few of the alt coins are paired against USD - so you have to trade paired with ETH or most commonly BTC - what does this actually mean ??
Say I " Buy " the coin paired with BTC does that mean that if my coin goes UP in value but BTC goes up by more then I lose out ?? If my coin goes up but BTC goes down - does that mean I earn more money
Apologies but as BTC is just SO volatile surely you can have a situation where your coin does well but you still lose money
Any help anyone could give me really would be greatly appreciated !!!
Many thanks indeed.
Apologies for my naivety on this subject but I really am struggling !!!!
More and more I want to buy coins with lower market caps that you can find on exchanges such as Cryptopia . Kucoin etc etc - I understand how to get the money onto the exchanges BUT what I am struggling with is VERY few of the alt coins are paired against USD - so you have to trade paired with ETH or most commonly BTC - what does this actually mean ??
Say I " Buy " the coin paired with BTC does that mean that if my coin goes UP in value but BTC goes up by more then I lose out ?? If my coin goes up but BTC goes down - does that mean I earn more money
Apologies but as BTC is just SO volatile surely you can have a situation where your coin does well but you still lose money
Any help anyone could give me really would be greatly appreciated !!!
Many thanks indeed.