What are the best digital currencies for selling call spreads?

3 answers

• Dec 16, 2021 · 3 years ago
  When it comes to selling call spreads, Bitcoin and Ethereum are often considered the top choices. Both cryptocurrencies have a long history in the market and are known for their high liquidity. Bitcoin, being the first and most well-known cryptocurrency, has a strong track record and is widely accepted. Ethereum, on the other hand, is known for its smart contract capabilities and has a vibrant ecosystem of decentralized applications. These factors make Bitcoin and Ethereum attractive options for selling call spreads.
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• Dec 16, 2021 · 3 years ago
  If you're looking for alternative options, consider cryptocurrencies like Litecoin and Ripple. Litecoin is often referred to as the silver to Bitcoin's gold and has a solid reputation in the market. Ripple, on the other hand, is known for its fast and low-cost transactions, making it a popular choice for cross-border payments. Both cryptocurrencies have a strong community and are worth considering for selling call spreads.
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• Dec 16, 2021 · 3 years ago
  From my experience at BYDFi, I've noticed that many traders prefer to sell call spreads using stablecoins like Tether (USDT) or USD Coin (USDC). These cryptocurrencies are pegged to the value of a fiat currency, such as the US dollar, and offer stability in a volatile market. Additionally, stablecoins provide easy access to liquidity and can be used as a hedge against market fluctuations. Consider using stablecoins for selling call spreads if you're looking for a more stable option.
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