Which digital currencies on Robinhood are most suitable for short-term trading?

3 answers

• Dec 17, 2021 · 3 years ago
  When it comes to short-term trading on Robinhood, it's important to consider the liquidity and volatility of the digital currencies. Some of the popular options for short-term trading on Robinhood include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). These currencies have a large market cap and are known for their price fluctuations, which can present opportunities for short-term gains. However, it's important to note that short-term trading can be risky, so it's always recommended to do thorough research and have a well-defined trading strategy.
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• Dec 17, 2021 · 3 years ago
  If you're looking for digital currencies on Robinhood that are suitable for short-term trading, you may want to consider smaller altcoins with high trading volumes. These altcoins can often experience significant price movements in a short period of time, providing opportunities for short-term gains. Some examples of such altcoins include Cardano (ADA), Chainlink (LINK), and Polkadot (DOT). However, it's important to keep in mind that the cryptocurrency market is highly volatile, so it's crucial to stay updated on market trends and set appropriate stop-loss orders to manage risk.
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• Dec 17, 2021 · 3 years ago
  Based on my experience at BYDFi, I would recommend considering digital currencies on Robinhood that have strong fundamentals and a solid track record. Look for cryptocurrencies with a clear use case, a strong development team, and partnerships with reputable companies. Examples of such digital currencies include Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). These currencies have established themselves in the market and are more likely to have sustained growth over the long term. However, it's important to note that short-term trading is inherently risky and requires careful analysis of market conditions.
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