Topic: Trading based on BTC or ETH? - page 2. (Read 630 times)
Thank you both for your reply
There is nothing wrong if ETH-based trading, because I think Eth is a fairly stable coin prices so no need to fear trading with ETH-based.
you are right to trade against ETH at the moment because
as you mentioned Bitcoin value is soaring to high leaving
the trade against other coins not viable even though those
other coins may be rising also.
On for example Bittrex, you can trade a limited amount of
coins along with Bitcoin against Tether USDT.
Tether is linked to USD buy a variance of about 1%
as you mentioned Bitcoin value is soaring to high leaving
the trade against other coins not viable even though those
other coins may be rising also.
On for example Bittrex, you can trade a limited amount of
coins along with Bitcoin against Tether USDT.
Tether is linked to USD buy a variance of about 1%
I am not a newbie in Hodling but definitely in Trading 
So far, I have mainly acquired new coins through EUR because I feel more secure in doing so. Exchanging crypto to crypto forces me to take into consideration the triangulation BTC/ETH vs. new coin vs. EUR since price of BTC and ETH are very volatile and at this moment going fast up. So, I am (mistakenly?) not considering BTC or ETH as the basis for trade.
On some exchange platforms however, there is not much choice to acquire a new coin: it is either in BTC or ETH.
So far I have tried with both, BTC and ETH, and I am (mistakenly?) feeling more comfortable exchanging on the basis of ETH since the price is less raising and more stable.
However, I would like to know from experienced traders on which basis you are trading, and whether I am doing big mistakes in trading on the basis of ETH?
These are certainly basic understanding of crypto-trading which I am lacking. But all in all, this triangulation BTC/ETH vs. new coin vs. EUR is difficult for me to grasp.
Thank you for your help!
Piercoin
So far, I have mainly acquired new coins through EUR because I feel more secure in doing so. Exchanging crypto to crypto forces me to take into consideration the triangulation BTC/ETH vs. new coin vs. EUR since price of BTC and ETH are very volatile and at this moment going fast up. So, I am (mistakenly?) not considering BTC or ETH as the basis for trade.
On some exchange platforms however, there is not much choice to acquire a new coin: it is either in BTC or ETH.
So far I have tried with both, BTC and ETH, and I am (mistakenly?) feeling more comfortable exchanging on the basis of ETH since the price is less raising and more stable.
However, I would like to know from experienced traders on which basis you are trading, and whether I am doing big mistakes in trading on the basis of ETH?
These are certainly basic understanding of crypto-trading which I am lacking. But all in all, this triangulation BTC/ETH vs. new coin vs. EUR is difficult for me to grasp.
Thank you for your help!
Piercoin
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