Which digital currencies should I focus on as a beginner in trading?

3 answers

• Dec 29, 2021 · 3 years ago
  As a beginner in trading, it's important to start with well-established digital currencies that have a strong track record. Bitcoin (BTC) and Ethereum (ETH) are two of the most popular and widely recognized digital currencies. They have a large market cap and are traded on many exchanges. These currencies offer good liquidity and are relatively stable compared to some other altcoins. It's a good idea to start with these currencies and get familiar with their price movements and market dynamics before exploring other options.
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• Dec 29, 2021 · 3 years ago
  When starting out as a beginner in trading, it's also worth considering digital currencies that have a clear use case and a strong community behind them. For example, Ripple (XRP) is a digital currency that aims to facilitate fast and low-cost international money transfers. Stellar (XLM) is another digital currency that focuses on enabling cross-border payments. These currencies have partnerships with major financial institutions and are backed by a dedicated community. Investing in such currencies can provide exposure to specific sectors within the digital currency market.
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• Dec 29, 2021 · 3 years ago
  At BYDFi, we believe that as a beginner in trading, it's important to diversify your portfolio and not focus solely on one or two digital currencies. While Bitcoin and Ethereum are great starting points, it's also worth exploring other promising digital currencies. Some examples include Cardano (ADA), Binance Coin (BNB), and Polkadot (DOT). These currencies have unique features and strong development teams behind them. It's always a good idea to do your own research and stay updated on the latest news and developments in the digital currency market.
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