Mostly it would be just the first reason on why I would buy Ether along with Bitcoin.
Well it is termed as an altcoin anyway since it isn't bitcoin.
I would add up also the reason of day trading as well, although that ain't my strategy for now.
Topic: Reasons to trade ether as an alternative to Bitcoin trading. (Read 279 times)
In which coins you are good in trading, practice and stay on it.
This is traders main problem here in the game, stick to what works for you as simple quote on finger tips, I have discovered when I was a day trader, I lost when I divert my trade to other coin because I'm out of my favourite seeking for already dumped coin to buy not knowing from the indepth trend of the coin, I learnt my lesson immediately to stick to coin you know it progresses. As long as you're touching the good one and you make out of it, stick to it. That's a better strategy and only you can find out what's best for you.
Ethereum will be an alternative to trading as we have so many ethereum pair altcoin available in many exchanges. Yesterday, I was discussing with one of my friends who tried to trade ethereum pair altcoin. He said that he could make a profit in ethereum by trading, and he still tried to make more ethereum. Many altcoins, which are paired with ethereum, have good movements, and sometimes, the price can jump higher. But bitcoin pair altcoin still is the main choice for many traders because they see the chance to make a bigger profit.
it seems to me that trying to trade altcoins is a very risky attempt. the easiest way is to hold coins and not sell them until the time comes. trading altcoins can bring you very large losses
This statement will be relative, I mean yeah Indeed currently ETH has been showing a good movement because there was some event that has been passed like its anniversary and the latest improvement for its system has successfuly bring ETH's price reach $400 again.
But who knows a few weeks ahead its price movement will be? Shall we still consider that the movement price will be same like now or even is more attractive? There is no one who will know, clearly the best thing to do before you trade you have make an analyst first about the coin that will you choose.
I myself always try to see the fundamental factor first. I find out about the coin and see all the latest news for this coin so I will make a conclusion based in it. The result of fundamental factor you can convert to analisys factor, the price movement will be depend fundamental factor I mean if there is something bad happen its price movement will show you a drop in price in any strategy and otherwise.
But who knows a few weeks ahead its price movement will be? Shall we still consider that the movement price will be same like now or even is more attractive? There is no one who will know, clearly the best thing to do before you trade you have make an analyst first about the coin that will you choose.
I myself always try to see the fundamental factor first. I find out about the coin and see all the latest news for this coin so I will make a conclusion based in it. The result of fundamental factor you can convert to analisys factor, the price movement will be depend fundamental factor I mean if there is something bad happen its price movement will show you a drop in price in any strategy and otherwise.
Alternative? Isn't it always a good idea to include ETH in our portfolio?
It's not about comparing its volume to BTC but ETH is highly considered as one of the top-performer coins of all-time. It's also not about ETH reaching $500, $1,000, $2,000 but you can always bet that a coin with a large market cap is worth trading.
And above all of this, it's always a good strategy to diversify our funds not limited to only a single coin.
Yeah I even do a lot more of ETH futures trading rather than Bitcoin futures, because for me it's a lot easier to do, even only moving by $1-$2 is already a good profit for me, in my opinion it has a better potential if compared to Bitcoin for the futures trading and perpetual trading. I have done a lot of Long position since Ethereum was $250+, and now i'm in much profit.
Well, in the midst of global market turmoil affected by COVID-19, ETH did better than most altcoins and even Bitcoin as well because it has the 2.0 incoming cause a huge rally among investors. It wasn't fair to use 1 in a kind event of crypto to justify its super performance compare to others that don't have it. I do like ETH since to me, I was the best coin only second to Bitcoin but we need to have a cool head to make sure not making any mistake because of overhype.
Here are three reasons why trade Ether (ETH) as an alternative to Bitcoin trading.
First, portfolio diversification when the market is in a sideways condition. In fact the sideways phenomenon is common in any asset market.
Second, ETH has a high trading volume that competes with Bitcoin and USDT, including its market capitalization which is second only to Bitcoin.
Third, ETH Ethereum's performance is better than Bitcoin in 2020. In the midst of global market turmoil affected by COVID-19, in general crypto assets are still relatively stable compared to the stock market.
ETH is also one of the crypto assets that managed to recover and be stable after the market crash in March 2002. In fact, in the first semester of 2020, ETH emerged as the winner ahead of Bitcoin in terms of ROI by a 75 percent increase.
Ethereum is the centre of all DeFi coins, so if you are buying Ethereum then you are having a stake in the future as well when the DeFi coin gets launched on the Ethereum blockchain there will be a lot of buy pressure and hence the price will go up. Ethereum 2.0 is coming and again the price is going to go up as the POW model will be shifted to POS and people will need 32 ETH for being the validator node and thus the buying pressure is gonna go up and hence the price will follow it soon. I guess these are also one of the valid reasons to buy Ethereum and have a bag full of Ethereum for yourself. First, portfolio diversification when the market is in a sideways condition. In fact the sideways phenomenon is common in any asset market.
Second, ETH has a high trading volume that competes with Bitcoin and USDT, including its market capitalization which is second only to Bitcoin.
Third, ETH Ethereum's performance is better than Bitcoin in 2020. In the midst of global market turmoil affected by COVID-19, in general crypto assets are still relatively stable compared to the stock market.
ETH is also one of the crypto assets that managed to recover and be stable after the market crash in March 2002. In fact, in the first semester of 2020, ETH emerged as the winner ahead of Bitcoin in terms of ROI by a 75 percent increase.
Unfortunately I don't agree with the theme and reality and as much as Ethereum has the second largest daily volume this is not enough to overcome the volume of Bitcoin. In my opinion and analysis, we can look at Ethereum as a second option to not completely saturate the market, giving opportunity for other projects.
interesting info i was looking if you include the reason of cheaper fees but i havent found it here . im not a trader and i didnt know that eth is first when it comes to trading volume , all the time i thought btc is the overall king when it comes to volume , price , etc . eth is best for diversification versus other coins but when it comes to recovery , nothing beats btc but its true that eth is more stable than btc . still i think there are coins out there that is better to trade compare to eth and btc
Here are three reasons why trade Ether (ETH) as an alternative to Bitcoin trading.
First, portfolio diversification when the market is in a sideways condition. In fact the sideways phenomenon is common in any asset market.
Second, ETH has a high trading volume that competes with Bitcoin and USDT, including its market capitalization which is second only to Bitcoin.
Third, ETH Ethereum's performance is better than Bitcoin in 2020. In the midst of global market turmoil affected by COVID-19, in general crypto assets are still relatively stable compared to the stock market.
ETH is also one of the crypto assets that managed to recover and be stable after the market crash in March 2002. In fact, in the first semester of 2020, ETH emerged as the winner ahead of Bitcoin in terms of ROI by a 75 percent increase.
Bitcoin still got the more trading volume but I don't think liquidity is an issue to choose one over other because both got trading volume in billions.And in recent time only ethereum shown good profits but most of the time bitcoin has been in that phase so for a short term then ethereum is good but for longterm bitcoin holds the edge. First, portfolio diversification when the market is in a sideways condition. In fact the sideways phenomenon is common in any asset market.
Second, ETH has a high trading volume that competes with Bitcoin and USDT, including its market capitalization which is second only to Bitcoin.
Third, ETH Ethereum's performance is better than Bitcoin in 2020. In the midst of global market turmoil affected by COVID-19, in general crypto assets are still relatively stable compared to the stock market.
ETH is also one of the crypto assets that managed to recover and be stable after the market crash in March 2002. In fact, in the first semester of 2020, ETH emerged as the winner ahead of Bitcoin in terms of ROI by a 75 percent increase.
ETH remains under the movement of BTC, because when BTC is sleeping ETH will be very difficult to get up, so if ETH is better than BTC, I think that's a wrong idea.
You only see what ETH gain this year but you forget how hard it is when the market crash from 2018 to early this year .
Risk is the same and I don't see any advantage using ethereum compared to BTC and besides bitcoin is much more secure from price drop if you check the graph from past year compared it to ETH.
Risk is the same and I don't see any advantage using ethereum compared to BTC and besides bitcoin is much more secure from price drop if you check the graph from past year compared it to ETH.
I have other reason why ether is more alternative for trading than btc.
I think this is the fee in trading. For rich people is don't care about trading in btc, but i think btc is good for holding than trading.
I think this is the fee in trading. For rich people is don't care about trading in btc, but i think btc is good for holding than trading.
Ethereum will be an alternative to trading as we have so many ethereum pair altcoin available in many exchanges. Yesterday, I was discussing with one of my friends who tried to trade ethereum pair altcoin. He said that he could make a profit in ethereum by trading, and he still tried to make more ethereum. Many altcoins, which are paired with ethereum, have good movements, and sometimes, the price can jump higher. But bitcoin pair altcoin still is the main choice for many traders because they see the chance to make a bigger profit.
it seems to me that trying to trade altcoins is a very risky attempt. the easiest way is to hold coins and not sell them until the time comes. trading altcoins can bring you very large losses
Ethereum will be an alternative to trading as we have so many ethereum pair altcoin available in many exchanges. Yesterday, I was discussing with one of my friends who tried to trade ethereum pair altcoin. He said that he could make a profit in ethereum by trading, and he still tried to make more ethereum. Many altcoins, which are paired with ethereum, have good movements, and sometimes, the price can jump higher. But bitcoin pair altcoin still is the main choice for many traders because they see the chance to make a bigger profit.
ETH is also one of the crypto assets that managed to recover and be stable after the market crash in March 2002. In fact, in the first semester of 2020, ETH emerged as the winner ahead of Bitcoin in terms of ROI by a 75 percent increase.
I have no doubts that eth is one of the best performing altcoin and so far the top 1 in the race. But what I dont like about them is they continously increase the fee as you used the network and this will continue as eth price increases. Its like following the footstep of bitcoin, but what I like about them is the diversification of use case eth can offered. They are a smart contract uses in defi system and has been used on IEO till now. So its usefulness has no bound. Compared to bitcoin which only uses the traditional payment system.
though as matter of fact dont know much as stability of the the two as such, but ever since have know about crypto currency ethereum always thrive more in the market am not comparing them in respect of price ooo because is glaring that bitcoin is more costier than eth, am talking in respect of growth especially. though is bitcoin i have first know.
In which coins you are good in trading, practice and stay on it.
This is traders main problem here in the game, stick to what works for you as simple quote on finger tips, I have discovered when I was a day trader, I lost when I divert my trade to other coin because I'm out of my favourite seeking for already dumped coin to buy not knowing from the indepth trend of the coin, I learnt my lesson immediately to stick to coin you know it progresses.
If we started to believe in trade in every coin in all coins, after the price pump. The main reason for pumping Ethereum is 2.0 Ethereum. All the top coins will return our profit after a big announcement like Vechain. Today the Ethereum price fell, even more price than Bitcoin. Actually the BTC- Ethereum pair is also my favorite for high volume.
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