+- Business, Investment, & Insurance Forum (https://investmentforums.net)
+-- Forum: Investment Forums (https://investmentforums.net/forumdisplay.php?fid=4)
+--- Forum: Trading (Stocks/Forex/Crypto) (https://investmentforums.net/forumdisplay.php?fid=18)
+--- Thread: What are the main factors influencing the choice of a particular crypto to trade? (/showthread.php?tid=568)
What are the main factors influencing the choice of a particular crypto to trade? - deucher - 12-26-2023
For me, the main factor in cryptocurrency is liquidity, because if there are not many people trading cryptocurrency, it will not move in any direction, and therefore it will not be possible to make money on such short movements. Therefore, I choose only the most popular coins such as Bitcoin and Ethereum for trading cryptocurrencies. Moreover, there is no difference from many other coins because they almost 90 percent exactly repeat the movement of Bitcoin.