Best crypto pairs with 1k?

Discussion in 'Crypto Assets' started by wxytrader, Nov 25, 2023.

  1. So with 1k in trading what it the best crypto pair?

    Ie if I do ETH/BTC the current price will get 3 ETH/.16 BTC

    Recent swing high: .05805
    Recent swing low: .05069

    So if I go long ETH then I make .02 cents?
    That can't be right...
     
    johnarb likes this.
  2. johnarb

    johnarb

    Any crypto with perpetual futures trading is good for $1K collateral

    For example, btc/usdt you can do 40x leverage long/short, get 1 btc position, a $500 move you make 50% roi

    Same with eth/usdt 25 Eth position can capture $200 move, make 50% roi

    Some alts with perpetual futures are having crazy moves right now
     
  3. destriero

    destriero

    4 BNB
     
    johnarb likes this.
  4. Yeah I'm doing DOGEUSD with 256k of them paying about $8 per day interest on a 5x margin.
    Is it better to go with USDT? It's not letting me add margin for some reason.
     
    johnarb likes this.
  5. johnarb

    johnarb

    I'm using a dex that only has USDT pairs against cryptos

    I used a perp futures trading platform that did not allow modification of margins (GNS a fork of GMX) and the only way to make changes would be to close the position, make the changes and then open the trade position again

    The one I'm using rn is flexible, can make changes to position and margin
     
    wxytrader likes this.
  6. johnarb

    johnarb

    upload_2023-11-26_5-47-2.png

    Added collateral 6k usdt and added 1 more long btc perp futures, total 5... going into Bullcember, will reduce position size if btc pulls back to $34.7k

    upload_2023-11-26_5-51-38.png
     
  7. That's awesome...what's your liquidation price? What's your carrying costs on 4btc?
     
  8. johnarb

    johnarb

    Current liquidation price is $29.6k but it will change when (if) I reduce the position size if btc pulls back to $34.7k

    I don't know my carrying costs, sorry... it's an old position starting position size was 1.5 btc, kept adding until current size is 5 btc

    upload_2023-11-26_6-35-44.png
     
  9. I'm holding about 20k in Dogecoin with about 5k so it's costing me about .26-.46 per hour to hold the position.

    What exchange are you on?
     
    johnarb likes this.
  10. johnarb

    johnarb

    It's a dex Apollox
     
    #10     Nov 26, 2023
    wxytrader likes this.