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Title: Daytrading Bitcoin in EUR is more profitable Post by: codehtcmail on April 20, 2016, 11:08:39 AM Daytrading Bitcoin in EUR is more profitable, I see bigger movement than with any other currency.
BTC-EUR had more than 10% price change in the last days. BTC-USD had less than 5% price change in the same period. What are your thoughts ? Title: Re: Daytrading Bitcoin in EUR is more profitable Post by: ~Bitcoin~ on April 20, 2016, 01:48:58 PM Daytrading Bitcoin in EUR is more profitable, I see bigger movement than with any other currency. Are you really day trading like that or its your speculation only after seeing the graphs. And which platform or exchange your are referring to?BTC-EUR had more than 10% price change in the last days. BTC-USD had less than 5% price change in the same period. What are your thoughts ? Title: Re: Daytrading Bitcoin in EUR is more profitable Post by: BitcoinHodler on April 20, 2016, 02:18:17 PM Daytrading Bitcoin in EUR is more profitable, I see bigger movement than with any other currency. BTC-EUR had more than 10% price change in the last days. BTC-USD had less than 5% price change in the same period. What are your thoughts ? this is very interesting, i have never traded bitcoin-EUR pair in my life since i have never owned any EUR. but i think now i should check it out to see if it is true for long term or just temporary because all the prices will balance out so fast and the changes are usually together in all the markets. but this also raises the question, how about other pairs?!! btc-rur, btc-jpy, btc-nbt Title: Re: Daytrading Bitcoin in EUR is more profitable Post by: KennyR on April 20, 2016, 04:40:33 PM Daytrading Bitcoin in EUR is more profitable, I see bigger movement than with any other currency. BTC-EUR had more than 10% price change in the last days. BTC-USD had less than 5% price change in the same period. What are your thoughts ? Such price difference can't be felt in the bitcoin exchanges, but when it comes to traders their active movement in trading is making the difference. Title: Re: Daytrading Bitcoin in EUR is more profitable Post by: krypt0n0 on April 20, 2016, 04:45:18 PM The price movements look bigger because there is less liquidity in BTC-EUR than BTC-USD. Meaning a 50BTC market buy in BTCUSD may move price $0.20 whereas in BTCEUR it might move it $1.50 simply because the books are thinner.
This does not mean you can make more money in BTC-EUR because although volatility may appear to be higher you still need to get your orders filled at the right prices and that is much harder in BTC-EUR than BTC-USD especially during times the market moves rapidly which is when the profit potential is highest. In fact I am sure most of those moves you see in BTC-EUR are arbitrage bots on EURUSD and BTC-USD. |