Hi there. When i mention altcoins, i mean coins like ark, power ledger etc. Basically coins that are not traded against usd. The thing is there are very few altcoins that can be directly with usdt. Im not interested in those coins.
When you say i want stable market... i dont think that is the right phrase. I want to have money in my account where...the moment i want to buy... i can buy... does that make sense? Thus you can only but altcoins if you have btc or usdt. However i dont want to be holding btc where its purpose is to trade. And i don't want to touch the btc that im holding. Thus if i could get btc very quickly... then sell it for altcoin... i would do it that way? However the sites that i use that payout in btc, they take a while for them to payout for you to get your altcoin. And your altcoin price might be very high already where you dont want to buy it anymore at that price.
Yes if trading btc, eth, litecoin, fiat, gdax makes most sense.
Well if price is so much higher on gdax, well why would anyone sell any btc on bittrex instead? Because isn't the only people who sell btc on bittrex... those who are buying altcoins since thats the only way to get altcoins? So doesn't bittrex make money from people selling their altcoin for bitcoin at a much lower price? However, when they sell their altcoins for btc... are they getting less btc than they would if say gdax allows altcoin trading at their prices? Im confused here which way it is.
The other thing is couldn't someone get btc at lower price then sell it on gdax? However i read you cant do that with wiring money to bittrex because they dont except wires.
Yes, then I get your points.
By stable currency I mean as in if you have $1000 today that you can spend, tomorrow and the day after, you still have $1000 worth you can spend on altcoins.
As you reckon Bittrex dont support fiat trading at all(except for USDT via Wire Transfer), the price of BTC shown in USD is more an approximate number based on other exchanges.
The BTC price they show are relative to which altcoins it is paired against.
So to compare, you have to pair them up with the same coins they are traded against.
For example, the price of BTC in USD traded with known cryptocurrencies right now on GDAX and Bittrex.
GDAX ETH/BTC $16,592.50
Bittrex ETH/BTC $16,593.80
GDAX LTC/BTC $16,474.30
Bittrex LTC/BTC $16,728.60
The price differences are so marginal, under 2% on LTC/BTC. Over time, the average will flatten out.