Why MATIC?

As it's futures algo trading - I don't really care much about the underlying asset.

But... There are some considerations.

First and foremost - the fees!

.5% movement in BTC will show up as 2% movement in MATIC

Given fees on Binance are percentage based - you end up wasting less.

Second - the nature of asset.

MATIC is pretty much a tech lubricant with a promise of providing less transaction fees for Ethereum.
(haven't even read up on details)

That causes an entanglement. I find it unlikely for MATIC to "moon" or dump completely unless it follows ETH.

I believe this intrinsic entanglement also causes pattern repetition. Some sort of similar swings around ETH.

It's not a glaringly obvious pump & dump scam scheme.
It's not completely hype based (well... sort of. whole crypto thing can be seen as such).

And that pretty much sums it up.

Last edited by Lapsa; 11/29/21 00:57.