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Title: crypto currencies trading against each other Post by: Lulunaire on December 26, 2020, 11:09:32 PM hey guys
just wanna ask, say i trade a certain cryptocurrency against bitcoin, say bitcoin vault. Lets assume both of them grow exponentially against fiat currencies. Will trading the two currencies against each other make sense - like BTCVT/BCT, will the value of this trade increase or remain constant because of the individual growth of the 2. Title: Re: crypto currencies trading against each other Post by: jossiel on December 26, 2020, 11:57:41 PM Being you as a trader depends which trade is profitable to you. If you're too familiar with that pair and you see it to be effective to make money out of it, then that does make sense. Each trader has their own respective preference and trade because they can see which is going to be profitable as they conduct continuous trade.
In your case, that's the same, if you're doing some research and you see that it's an effective strategy to your trade to be with that pair then you have already answered your own question. Title: Re: crypto currencies trading against each other Post by: Tytanowy Janusz on December 27, 2020, 09:10:27 AM hey guys just wanna ask, say i trade a certain cryptocurrency against bitcoin, say bitcoin vault. Lets assume both of them grow exponentially against fiat currencies. Will trading the two currencies against each other make sense - like BTCVT/BCT, will the value of this trade increase or remain constant because of the individual growth of the 2. Depends which coin grow faster. ALTs/BTC trading was more popular before 2018, when majority of volume comes from BTC trading pairs. Now its not. All big coins has couple times bigger volume with USD pair rather than with BTC pair. So Don't expect that any TA will work here becuase this chart moves randomly because its more like the resultant of 2 charts and not the leading chart. For example you can see a spike out of nowhere on ALT/BTC pair only because on ALT/USD price just broke resistance. edit: Only smaller cap coin are traded more with BTC than with USD. Title: Re: crypto currencies trading against each other Post by: GreatArkansas on December 27, 2020, 10:08:55 AM You should also consider the price you are using if you want to know it is profitable. If the price of BTCVT in BTC is dumping, then if you sold your BTCVT in loss, then the amount of BTC after you sold in loss will be more less since the time you bought the BTCVT.
But in terms of fiat as you mentioned, even you lost in BTCVT after you sold it back to BTC, but the value of BTC increased you may get profits. But instead of trading your BTC for BTCVT, you may get more profits in fiat. Title: Re: crypto currencies trading against each other Post by: Kocret02 on December 27, 2020, 02:54:10 PM the pair between BTC and BTCVT is likely for BTC to price higher. for me it is not a problem, for example you can see between BTC / BCH for me it is a real example. and of course there is an upside and a bottom price for the two coins
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