Bitcoin Forum

24 hours ago I traded 6.65 ETH for 700 ANT (Aragon) at 0.0095 price.

Now, compared to 24 hours ago, ETH price is the same.
Now, compared to 24 hours ago, ANT price has gone up 27%.

I would assume the ETH-ANT ratio would be highly in ANTs favour and I could take a profit from ANT (27% profit?). I would assume the current price should be roughly 0.012 (27% increase).

However, the current ETH-ANT ratio is at 0.0091... WTF? That means my ANT is worth less than what it was 24 hours ago compared to ETH and if I sold now, instead of making a 27% profit I would make a 4.3% LOSS???

Why don't altcoin ratios move in line with general prices?

Can anyone explain? So confused...  ???

 On which exchange are you doing it? 

I´m sorry but i didn´t understand what you stated. However when you say prices i believe you refer to US dollar. Altcoin market is like forex market, the trading is done in pairs and it will depend on supply and demand for each pairs.

So imagine you look at BTC/USD; ANT/USD; And BTC/ANT. you could have 1 BTC worth 1 USD, 1 ANT worth 1 USD and at the same time 1 ANT worth 2 BTC for example. Of course people would notice this and would begin to try and take profit on the diference and in time it would level up. In exchanges and coin with low volume and low number of trades sometimes the difference will take longer to decipate.

I think that as BTC is going down and having much fluctuation in the price thats why altcoins are moving and prices are fluctuating so its normal not a new thing in crypto trading, if you have funds then you can take good advantage of this easily by simple selling and buying the right coins at right time.

I'm so confused too on what you want to know. is the 0.0095 is btc eth or usd? if usd then its just because the value of the btc has got dump so the value of that ant are also going down. or maybe its your exchanger that doesn't follow the prices. check other exchanger

As mentioned in the earlier post, the price quoted for any currencies (fiat or crypto) are in pairs, for example, fiat currencies:
EUR/USD (pricing euros against us dollars)
AUD/USD (pricing Australian dollars against us dollars)
EUR/AUD (pricing euros against Australian dollars)

therefore when EUR goes down against USD, does not mean EUR is down against AUD.

For fiat currencies, pricing of pairs are typically very transparent and differs very slightly between various touchpoint (dependent on the spread that the dealers wants to take).
For crypto (as far as my understanding is correct), the bid-off differs from exchange to exchange and some traders actually arbitrage these differences to make $$.

So for your scenario above, you bought ANT against ETH (in exchange for ETH) and you mentioned ANT went up by 27%? 27% relative to which crypto? and are you comparing price in the same exchange?

Apologies for a long response for a short question and hopefully i did not confuse you further.

The prices are fluctuate as the btc prices are changing and due to this fluctuation we can find some movement on the altcoins if you have some money then you can make some more money and take good advantage of this movement. so just try and grab some coins.

yeah right is all about how bitcoin moves fluctuation really got the big impact with this price reductions and if you will going to check the actual value
it would say you can just break even when trading it to fiat.