EUR market: why is it so unpopular among Europeans?

Xenrise

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Quote from: mindrust on February 27, 2019, 03:13:54 PM

The future of Dollar is indeed in threat but neither EURO nor Francs will take the Dollar's spot.

If USD goes down, it will bring every other FIAT down with it.

That's why I said Dollar is the original paper money.

It is too big to fail and if it fails, it will take down the others too.

Indeed the power of dollar is too great. It is I think the most superior currency all around the globe. That's why when China tried to replace it with a currency of their own. The US didn't like that idea, it will bring them down. Anyway that was just a story of my college professor. I just don't care about economy at all. I don't know if that's true or not.

Regarding to EUR market. I guess that USD is just so powerful even most exchange in cryptocurrency is basing on that currency. And dollars are just the most use currency that's why.

Sithara007

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Quote from: artbart on February 21, 2019, 04:53:20 AM

Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.

Why the don't you, Europeans, trade in /EUR markets?

Check the historical exchange rates of Euro and you will get that answer. During the past 2-3 years, the exchange rates have been quite volatile (partly due to issues such as Brexit and upcoming elections). On top of that, the majority of the exchanges are based in the US/East Asia and not within the European Union.

pixie85

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I trade on the EUR markets and have all my tickers set to EUR. I don't have a USD account and bank fees would kill me if I had to exchange every time I move some money to and from my account. USD markets are easier to follow because most people use this currency to measure the price.

These markets are always going to be bigger because no Americans will trade EUR but some Europeans will trade USD because of its popularity.

futile-resistance

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Quote from: Renaldi blackspadeteam on March 31, 2019, 02:04:55 AM

maybe the dollar is more famous than the euro, I see the crypto trade financial system using dollar money as the main price indicator, I don't know why the dollar is highly prioritized in the financial system, but I feel strange, because the price of euros is more expensive than dollar .

Price of each nationalized currency depends upon the economy of the specific country. Euros has a bit higher price than dollars perhaps because of the centralized stock markets ruling over the centralized currencies.

Dollars make it easy of convenient trades and also dollars are been used in most of the online activities including major transactions. Whereas we can only use euros online at any specific local site which might be accepting euros. Dollars are turning dominant all over the other currencies and that's why even the decentralized markets have accepted dollars as a major mean of pair along with each major crypto-coin.

mindrust

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Quote from: fasdorcas on April 03, 2019, 06:31:13 AM

Quote from: mindrust on February 22, 2019, 04:00:51 AM

Quote from: artbart on February 21, 2019, 04:53:20 AM

Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.

Why the don't you, Europeans, trade in /EUR markets?

Even the Europeans know their currency is just fake Dollars. Everybody knows that the Dollar is the original FIAT money. It is also just easier to price everything in dollars rather than converting the price to Euros everytime.

I'd bet your national currency might be Dollars. It goes convenient for us to use the fiat currency which is out national currency but if you ask any European, i think he/she will surely like trading with Euros rather than Dollars. Dollars are usually been seen in most currency trades but even Euros have the liquidity and ability of fast transactions.

But, considering into the cryptocurrency world, most what would be preferred would be dollars because it is easy to use, used everywhere and can be traded for almost anything. I won't agree with you that the euros are fake Dollar as every currency has got its importance.

Nope but close.

My national currency is Turkish Lira and I hodl none. (I am not crazy enough to hodl a currency which is being inflated by %30-40 every year while giving %20 interest only.)

My base currency is USD right now. (%65-70)

My reasoning is simple. The most important one is, USD just has a higher interest rate than the EURO. I use my EURO's (which I hodl only%9-10) only to get more Dollars by trading. While my stash stays in my bank account, it makes me money passively.

If EURO was giving me more interest, I would gladly convert my stash to EURO. They aren't much different otherwise.

fasdorcas

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Quote from: mindrust on February 22, 2019, 04:00:51 AM

Quote from: artbart on February 21, 2019, 04:53:20 AM

Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.

Why the don't you, Europeans, trade in /EUR markets?

Even the Europeans know their currency is just fake Dollars. Everybody knows that the Dollar is the original FIAT money. It is also just easier to price everything in dollars rather than converting the price to Euros everytime.

I'd bet your national currency might be Dollars. It goes convenient for us to use the fiat currency which is out national currency but if you ask any European, i think he/she will surely like trading with Euros rather than Dollars. Dollars are usually been seen in most currency trades but even Euros have the liquidity and ability of fast transactions.

But, considering into the cryptocurrency world, most what would be preferred would be dollars because it is easy to use, used everywhere and can be traded for almost anything. I won't agree with you that the euros are fake Dollar as every currency has got its importance.

justspare

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I think it is about volume, I mean after something is so settled that its hard to break you just go with it and the first thing settled was dollar not EUR so we didn't really cared about it, after all we all have banks that can turn dollars into euro as well so there is no bothering for us, just withdraw it as dollar and change it to euro whenever you want.

Or even keep it at dollar if you want. So all in all if the volume was there for euro pairs and if there was a lot of pairs like maybe usdt but for eurot or whatever on binance with bunch of coins and high volume I would totally use it, would make things easier but without that its just something with low volume, kinda like a bad token or bad coin that you want to sell and get out of.

If one day CoinBase starts an office and a euro deal and do their famous fake volume thing maybe we will go take a look.

Renaldi blackspadeteam

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maybe the dollar is more famous than the euro, I see the crypto trade financial system using dollar money as the main price indicator, I don't know why the dollar is highly prioritized in the financial system, but I feel strange, because the price of euros is more expensive than dollar .

ausbit

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Quote from: carter34 on February 26, 2019, 04:12:22 AM

Is just an issue of popularity. I don't think the Euro don't prefer to trade EU pair but I think they would like to put a trade where they choose and not for any dislike for EU.

Well, people look at the ease they are at when they demand different currencies.
For example, a tourist from Germany is moving to US to spend holidays, he would have to need dollar in exchange for euros for euros are not being accepted in the shops in US. The liquidity maters a lot.

This is the reason people do that. They demand dollar more than they demand euro but it does not makes euro a bad currency and it is not disliked.

mindrust

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Quote from: fullhdpixel on February 27, 2019, 03:06:43 PM

Quote from: mindrust on February 22, 2019, 04:00:51 AM

Quote from: artbart on February 21, 2019, 04:53:20 AM

Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.

Why the don't you, Europeans, trade in /EUR markets?

Even the Europeans know their currency is just fake Dollars. Everybody knows that the Dollar is the original FIAT money. It is also just easier to price everything in dollars rather than converting the price to Euros everytime.

Europeans mostly use the Eurocurrency and euro is not very powerful compared to the dollar in the international market because majority of the international business take place in the US dollar. So, anyone would store value in the most promising currency and it is a very normal and rational thing. But the future of dollar is in threat as the history shows that the average time period for the domination of currencies since the start has been 93 years and it is the 93rd year for dollar.

The future of Dollar is indeed in threat but neither EURO nor Francs will take the Dollar's spot.

If USD goes down, it will bring every other FIAT down with it.

That's why I said Dollar is the original paper money.

It is too big to fail and if it fails, it will take down the others too.

gentlemand

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Quote from: fullhdpixel on February 27, 2019, 03:06:43 PM

Europeans mostly use the Eurocurrency and euro is not very powerful compared to the dollar in the international market because majority of the international business take place in the US dollar.

Who gives a shit about the spiritual implications about either scrap of paper in your hand?

Several hundred million people are paid and save in EUR. For a European to trade in dollars costs money and time. The only possible reason is increased liquidity but EUR users would make their own lives easier by trying to increase its relevance as a a pairing.

fullhdpixel

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Quote from: mindrust on February 22, 2019, 04:00:51 AM

Quote from: artbart on February 21, 2019, 04:53:20 AM

Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.

Why the don't you, Europeans, trade in /EUR markets?

Even the Europeans know their currency is just fake Dollars. Everybody knows that the Dollar is the original FIAT money. It is also just easier to price everything in dollars rather than converting the price to Euros everytime.

Europeans mostly use the Eurocurrency and euro is not very powerful compared to the dollar in the international market because majority of the international business take place in the US dollar. So, anyone would store value in the most promising currency and it is a very normal and rational thing. But the future of dollar is in threat as the history shows that the average time period for the domination of currencies since the start has been 93 years and it is the 93rd year for dollar.

palle11

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Quote from: mrdeposit on February 23, 2019, 06:42:11 PM

I do not guess it is not used. Most probably EUR is in second place after USD and are used. Anyway as a reason liquidity can be. Also, most technique analyzes are made with USD and working with EUR can cause a mistake.

I'm also looking at it from the point of view that dollar is accepted and used as an international currency. So, it covers a wide range of international market as a medium of exchange directly converted with a locally dominated currency of the country. So by that acceptance, even euro, pounds are most likely made to be converted to dollar before directly converting for payment. Thus, the price of a dollar to a country's currency is an open secret to business people unlike euro, pounds & other currencies.

carter34

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Is just an issue of popularity. I don't think the Euro don't prefer to trade EU pair but I think they would like to put a trade where they choose and not for any dislike for EU.

LeGaulois

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Simply because IRL the USD is the INTL currency. And again more when it's online. The EUR market is mainly used by Europeans citizens. You won"t see someone from Bolivia or Zimbabwe looking to get EUR in his/her exchange account.
So it's something not surprising if the euro is less used but I can tell you that for sure it is used among Europeans.

mrdeposit

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Quote from: artbart on February 21, 2019, 04:53:20 AM

Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.

Why the don't you, Europeans, trade in /EUR markets?

I do not guess it is not used. Most probably EUR is in second place after USD and are used. Anyway as a reason liquidity can be. Also, most technique analyzes are made with USD and working with EUR can cause a mistake.

Serpens66

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I mostly trade with EUR, simply because I'm not able to do wire USD transfers (and even if I would, why should I pay insane high fees?!)
So I'm very happy that there is an active EUR market (and that we have EUR and not many single currencies), with high liquidity (of course not has high as USD, but it is enough)

dothebeats

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I'd have to guess that it has to do with liquidity and trading volume. Even if there's a large market share for the EUR market, liquidity and volume of that is nothing compared to the USD market. The volume is there, but certainly not as significant and as lively as the USD markets are. Also, the rest of the world are into USD/BTC too, so it does really make sense to join in the party and trade using the said trading pair that the rest of the world is involved with. EUR transfers from banks to exchanges are smooth, fast and cheap, but that's where most of the traders end the line.

artbart

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ha ha

. well, my personal humble opinion towards dollar is all but negative. If for some BTC is a crime, then for me USD is terror. Biggest scam ever. But again, that's just my humble personal opinion.

el kaka22

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Quote from: artbart on February 21, 2019, 04:53:20 AM

Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.

Why the don't you, Europeans, trade in /EUR markets?

They do, they just use it for cashing out and not trading. We are quite fine with dollar trading to be honest with you, trading doesn't require cashing out or even euro at all, that is when you want to get out of the market totally.

The British have their own websites in the country that allows you to turn bitcoin into pound and send it to your bank, the french have their own exchanges that allow you to turn your bitcoins to euro and send it to bank, Spanish have their own, I can continue giving examples but you understand the logic. So, Europeans are fine with trading whatever , they can buy bitcoin and use that bitcoin to buy and sell altcoins and in the end if they want to get out there are ways to do that and send it to your bank anyway. So, trading in Euros doesn't really posses a need for it.

mindrust

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Quote from: davis196 on February 22, 2019, 07:52:52 AM

Quote from: mindrust on February 22, 2019, 04:00:51 AM

Quote from: artbart on February 21, 2019, 04:53:20 AM

Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.

Why the don't you, Europeans, trade in /EUR markets?

Even the Europeans know their currency is just fake Dollars. Everybody knows that the Dollar is the original FIAT money. It is also just easier to price everything in dollars rather than converting the price to Euros everytime.

The US dollar is NOT the "original" fiat money.It's just the most used fiat currency in the world.The euro is the second most used fiat currency.And NO,the euro isn't fake dollars,because the price of the euro isn't tied with the USD price in any way.Learn more about the currency markets, before making such statements.

Euro is fake dollars just like pound and yen and Swiss francs. These currencies will always be as powerful as dollars no matter how much you print them and that's going to fuck up everything. It is already happening right in front of your eyes.

https://www.wsj.com/amp/articles/55-billion-profit-for-giant-asset-managerthe-swiss-central-bank-1515485509

Swiss central bank made more money than Apple just by printing money.

The system has failed.

Soon all of these currencies will be 1:1:1:1:1 and a straight line without any movement.

-----------------

Like a dead heart.

Don't get me wrong btw. Euro is fake dollars but dollar is fake euro. All them are same shit packed in different colors.

Dollar is the most used one that's why it is the oroginal piece of shit.

Bitinity

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Quote from: mindrust on February 22, 2019, 04:00:51 AM

Quote from: artbart on February 21, 2019, 04:53:20 AM

Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.

Why the don't you, Europeans, trade in /EUR markets?

Even the Europeans know their currency is just fake Dollars. Everybody knows that the Dollar is the original FIAT money. It is also just easier to price everything in dollars rather than converting the price to Euros everytime.

I dont understand what do you mean by the bold part, do you mean that other fiat money is not original (fake money)? I cant understand why you do you say like that. Wondering how you determine a fiat money is fake or original. Dollar is used more than EUR all over the world, we cant deny it as my country also admit that Dollar is the International Fiat Money.

Popularity could be one reason why markets prefers to use Dollar instead of EUR or other fiat money. I cant find any other reasons.

gentlemand

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I often wonder this myself. It's a currency used by a large proportion of one of the richest regions in the whole world yet it's rarely mentioned by anyone.

In the EU transfers happen within a few hours at worst and are usually free. That's a humongous boon to anyone looking to use an exchange in the Eurozone.

To access a dollar exchange a Euro user would be looking at several more days and some pretty high fees.

davis196

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Quote from: mindrust on February 22, 2019, 04:00:51 AM

Quote from: artbart on February 21, 2019, 04:53:20 AM

Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.

Why the don't you, Europeans, trade in /EUR markets?

Even the Europeans know their currency is just fake Dollars. Everybody knows that the Dollar is the original FIAT money. It is also just easier to price everything in dollars rather than converting the price to Euros everytime.

The US dollar is NOT the "original" fiat money.It's just the most used fiat currency in the world.The euro is the second most used fiat currency.And NO,the euro isn't fake dollars,because the price of the euro isn't tied with the USD price in any way.Learn more about the currency markets, before making such statements.

mindrust

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Quote from: artbart on February 21, 2019, 04:53:20 AM

Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.

Why the don't you, Europeans, trade in /EUR markets?

Even the Europeans know their currency is just fake Dollars. Everybody knows that the Dollar is the original FIAT money. It is also just easier to price everything in dollars rather than converting the price to Euros everytime.

artbart

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Quote from: NeuroticFish on February 21, 2019, 05:11:05 AM

So where the idea that EU people don't use EUR market comes from?

Stats from similarweb (not very exact, but shows rough values quite well) indicates, that the countries listed above (+CIS, China, the US) are all over the market (exchanges, projects websites themselves). I think Europeans make at least 30% of all trading community, and /EUR markets are far from that.

avikz

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Quote from: artbart on February 21, 2019, 04:53:20 AM

Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.

Why the don't you, Europeans, trade in /EUR markets?

I don't know from where you get the data of an inactive EURO market but it is a pretty active market. Yes, it is obviously not as large as USD market but it is definitely the second highest volume churner. Also USD is more popular in terms of worldwide acceptability, that is another reason why USD enjoys the majority of the market share in crypto trading. Also if you look at the forex market, USD/EUR pair is the most popular one! I really don't think Europeans don't prefer their own currency to trade! If you have any data that proves your statement, I would love to look at that to understand the trend.

NeuroticFish

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I guess that arbitrage works better with USD since there are much more USD-pegged stable coins.
But from what I've seen the EUR market is pretty well alive. I did use it at Bitstamp and, apart of a couple of annoying bots (which are pretty much on all the exchanges) all was well. As you also wrote: the liquidity is good.

So where the idea that EU people don't use EUR market comes from?

artbart

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Meaning: lots of traders are from Europe and SEPA zone (especially from Germany, UK, Fance, Netherlands, Spain, Italy, Belgium). SEPA payments are fast enough, liquidity is also good.

Why the don't you, Europeans, trade in /EUR markets?

Topic: EUR market: why is it so unpopular among Europeans? (Read 342 times)