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Topic: ETH/BTC, what does it reveal to you? (Read 250 times)

legendary
Activity: 3178
Merit: 1128
September 23, 2022, 12:36:53 PM
#30
Old school is not always bad, there is this settled understanding in eth/btc pair that makes sure that people understand it because it has been like that for a long time. With this merger and other business it may look like it's corrupted a bit, but the understanding is still there, which is btc going up first, eth going up because of that but the pair lowering, and then when btc stops eth starting to go up because of that because people going into alts and ETH is a big part of that world.

So, basically it is a sorting type of deal, you first get into btc, then into eth and the pair is making you double profit that way, if you are at btc first then at eth, you could end up with more of them both at the same time when it's all done, but this requires bull market of course.
Yeah true, but at the same time people are looking into newer stuff so that they could make a bit of a profit, that's a lot better for them if they could just enable some extra income way and that is why they are looking for bigger pairs. Not bigger in size, but bigger in potential, something you have never heard of vs bitcoin pair for example, or it could be in busd or usdt whatever.

Some small cap with like 100k volume, that would be the way. Why? Because one whale would mean they could profit like never before. I am not saying ETH/BTC pair is bad, all I am saying is that it's not the best ever and we shouldn't really compare it that way neither.
hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
September 23, 2022, 09:35:03 AM
#29
In trading when I see that pair, the first thing that comes to my mind is "old school".
Nowadays, it won't be easy to use that pair as a trading substance. It requires a deeper analysis of the market unlike using pairs of BTC to stablecoins and the same with Ethereum and USDT, BUSD, or what you prefer.
It's profitable because of the recent big waves but you have to know what you are doing or you will end up losing more.
I don't go near that kind of pair anymore but instead, use the easier path.
Old school is not always bad, there is this settled understanding in eth/btc pair that makes sure that people understand it because it has been like that for a long time. With this merger and other business it may look like it's corrupted a bit, but the understanding is still there, which is btc going up first, eth going up because of that but the pair lowering, and then when btc stops eth starting to go up because of that because people going into alts and ETH is a big part of that world.

So, basically it is a sorting type of deal, you first get into btc, then into eth and the pair is making you double profit that way, if you are at btc first then at eth, you could end up with more of them both at the same time when it's all done, but this requires bull market of course.
hero member
Activity: 2842
Merit: 625
September 22, 2022, 03:46:57 PM
#28
It's just a trading pair but, this is like the most superior of them all for which two coins that are most popular amongst the crypto market.

There's still a need to go over through the whole market and see where you can take advantage based on the market situation if you're a trader.

This shouldn't be a big deal though because most trades have their pairs and if you choose to be like what the others are doing, you can copy it.
hero member
Activity: 1328
Merit: 563
MintDice.com | TG: t.me/MintDice
September 22, 2022, 01:00:15 PM
#27
At this point the ETH/BTC ratio is signaling to me a bunch of people that were buying up ETH to dump ETHW and are now trying to exit as fast as possible lol. Can't think of too many other theories that make much sense as it stands... unless you were to buy into the SEC narrative or similar.
legendary
Activity: 2520
Merit: 1721
MrStork Exchange Service
September 22, 2022, 12:36:59 PM
#26
the majority of traders have switched and used the BTC/USDT, BUSD etc. pairs, because it is simpler and stablecoin fluctuations are still safer.
BTC and ETH if both crash, of course their value will also decrease, because the end goal remains stablecoins.

Currently the most popular and widely used crypto pair is BTC/USDT and second is ETH/USDT. while BTC/ETH is in position 13.
This proves that stablecoin pairs are chosen because they are more secure.


Source: https://www.coinlore.com/top-crypto-pairs
legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
September 22, 2022, 09:37:39 AM
#25
In trading when I see that pair, the first thing that comes to my mind is "old school".
Nowadays, it won't be easy to use that pair as a trading substance. It requires a deeper analysis of the market unlike using pairs of BTC to stablecoins and the same with Ethereum and USDT, BUSD, or what you prefer.
It's profitable because of the recent big waves but you have to know what you are doing or you will end up losing more.
I don't go near that kind of pair anymore but instead, use the easier path.
member
Activity: 307
Merit: 42
September 21, 2022, 10:48:11 PM
#24
So I saw some people discussing ETH/BTC ratio and I don't  understand why this is important.

ETH/BTC are the top 2 trusted coins in the market. The whole market depends on BTC.
But now the condition of BTC/ETH is very bad which makes the whole market worse. We can understand from market changes why BTC/ETH is reliable, market controlling and important.

hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
September 21, 2022, 05:54:34 AM
#23
I would say, ETH/BTC is a more predictable pair than some others.
I followed this pair before, and for some time the ratio was always approximately the same. also, any change was never drastic in the short term, and because of this bad positions did not necessarily bring big losses.
at least this was my case.
Yeah, that's mainly because both of them are coins that does well and I do not think that they ever had any big troubles which means that in the end they are going to be doing fine and we shouldn't be shocked about it. If the rate stays around the same, or at least goes to a place where it is totally understandable then we would be able to say that it's a good thing and it would be a common predicted thing.

If the price goes higher then it would be a bit different and weird. So, the success and top 1-2 ranking of these two makes sure that we are doing the right thing and that's a very important situation to be in, I can't say anything more praising about any other coin. They are just that much solid.
legendary
Activity: 1414
Merit: 1118
...gambling responsibly. Do not be addicted.
September 21, 2022, 02:11:05 AM
#22
also, any change was never drastic in the short term, and because of this bad positions did not necessarily bring big losses.
at least this was my case.
I have not be trading using the margin market, but just noticed that unstable coins are also paired, which is normal though, because margin market are using spot price and almost completely related to spot trading, aside that you can borrow with it to increase your margin ratio.  In future trading where trader can open position, only what I have noticed is that unstable coins are all pairs with only stable coins like USDT or USDC. To reduce the risk, money used would be reduced.
sr. member
Activity: 1596
Merit: 264
September 20, 2022, 12:55:44 PM
#21
~
examplens pointed out a good explanation about the ratio of it. Usually traders use those as they are more predictable unlike any other altcoin pairs out there, although back then I still traded other coins like ADA with ETH, but the endpoint was still BTC/ETH since I was about to sell it in the end and my custodial wallet would not let me cash out any other crypto coins other than ETH or BTC so still it was like still a no-brainer choice for me.

Also worth mentioning that these two coins are popular and other coins tend to follow the movements of these two.
hero member
Activity: 1498
Merit: 502
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
September 20, 2022, 11:39:19 AM
#20
Users of the cryptocurrency business frequently utilize the magnitude relation between these currencies. These two cryptocurrencies also continue to be consistent with one another and the cryptocurrency market, and from this fact, users can generally assess the advantageous forecast. Although they are used and handled differently, these two never compete on price.
sr. member
Activity: 1313
Merit: 302
September 20, 2022, 09:50:17 AM
#19
Bitcoin was come as the first crypto currency.Later some times,the Ethereum was come to the market.Ethereum was introduced on the basis of the centralised platform.Many people think about the centralised was the safe one,then the Ethereum was launched.Now the Ethereum new version also goin to launch.It was better to move to updated technology of the crypto currency.Bitcoin was unique in the crypto currency for the traders.
legendary
Activity: 3248
Merit: 3098
September 20, 2022, 07:58:21 AM
#18
So I saw some people discussing ETH/BTC ratio and I don't  understand why this is important. (Or any other ratio where two coins are compared. ) So what does it tell you? Why some people look at it.
That could be an indicator to some which tells them when to buy and sell. BTC is the usual pair of most of the altcoins and that could be indication for them for a new trend depends on the price of the pair. If your strategies is like this, then it should work better to you and stick to that because BTC pair seems to be the dominant pair which can really tell the trend of a specific token.

I would say, ETH/BTC is a more predictable pair than some others.
I followed this pair before, and for some time the ratio was always approximately the same. also, any change was never drastic in the short term, and because of this bad positions did not necessarily bring big losses.
at least this was my case.
hero member
Activity: 2464
Merit: 585
September 20, 2022, 07:46:29 AM
#17
They are the only two cryptocurrencies that have any real meaning out there. Anything else is just noise, and I'm discounting stablecoins.
I totally disagree with you that those are the only two meaningful tokens there are in this space. Come to think of it, some of these Bitcoin and Eth offshoots, have made the market more competitive and allowed investors opportunities of choice. So, they aren't just noise or utterly not useful. I believe in "the more the merrier concept" and ordinarily like more people coming into this game.
Yeah, if what he was saying is true then why there are such thing as top cryptos? They won't be called like that for no reasons but that can simply mean that they also have a value other than their price of course. It can be true that some of them are only just a noise or hype as others called it but let's admit it that they still did some contributions. They magnet many people in here and even those people lose because of them, they still be able to learn their lesson and now choose only the most worthy coins in this market.

For the OP, using a ratio is important when building a portfolio. It helps us determine how much money we allocate in each coin type for example 60% for btc and 40% on alts.
sr. member
Activity: 2002
Merit: 314
Vave.com - Crypto Casino
September 19, 2022, 06:49:25 PM
#16
So I saw some people discussing ETH/BTC ratio and I don't  understand why this is important. (Or any other ratio where two coins are compared. ) So what does it tell you? Why some people look at it.
That could be an indicator to some which tells them when to buy and sell. BTC is the usual pair of most of the altcoins and that could be indication for them for a new trend depends on the price of the pair. If your strategies is like this, then it should work better to you and stick to that because BTC pair seems to be the dominant pair which can really tell the trend of a specific token.
sr. member
Activity: 994
Merit: 441
September 19, 2022, 04:58:31 PM
#15
So I saw some people discussing ETH/BTC ratio and I don't  understand why this is important. (Or any other ratio where two coins are compared. ) So what does it tell you? Why some people look at it.
ETH/BTC It is common as we all know to convert ETH to BTC and BTC to ETH.Because all these popular coins are prevalent all over the world so everyone is always converting to these coins You can convert BTC/USDT to oil. Right here it means that you are the means to transform each other.
copper member
Activity: 2030
Merit: 1788
฿itcoin for all, All for ฿itcoin.
September 19, 2022, 04:22:50 PM
#14
So I saw some people discussing ETH/BTC ratio and I don't  understand why this is important. (Or any other ratio where two coins are compared. ) So what does it tell you? Why some people look at it.
Some traders actually use the ETH/BTC trading pair as an indicator to determine when to buy or self of ETH or BTC. Check out the ETH/BTC trading chart along with the Bitcoin dominance chart, you will notice a historical pattern.

The ETH/BTC trading pair also helps traders determine if the altcoin season is on.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
September 19, 2022, 03:57:14 PM
#13
This started when a lot of ETH holders tried to shove down to everyone's mouth that ETH is overtaking BTC in terms of volume and momentum. That is the time when people started looking at BTC and ETH as indicators of what could the possible market movement be, and it has stuck with everyone ever since. Idk what's the reason why a lot of people are looking or comparing the ratio of these two coins. It doesn't tell me anything when I have to do my trades, nor does other huge traders that I normally follow.
sr. member
Activity: 1386
Merit: 326
Eloncoin.org - Mars, here we come!
September 19, 2022, 03:22:37 PM
#12
Most of crypto user trading in these two big Giants. I remember that in 2021 some YouTuber says that generally 32 eth= 1 BTC . If eth ratio increase over btc it's sign of bullish market. In 2022 Ethereum ratio increased from Last years but it still in bear Market. Don't know why people only ask for these twos
hero member
Activity: 1400
Merit: 655
Bitcoin is achievement
September 19, 2022, 02:33:00 PM
#11
So I saw some people discussing ETH/BTC ratio and I don't  understand why this is important. (Or any other ratio where two coins are compared. ) So what does it tell you? Why some people look at it.
Every one is making analysis base on what they understand or experience in Ethereum during this Bear market that's while some people is emphasizing directly or indirectly to this particular comparison between bitcoin and ethereum, it's very obvious that Bitcoin have a higher potential than Ethereum and the volatility of Bitcoin in the market is higher than Ethereum.
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