Bitcoin Forum

Economy => Trading Discussion => Topic started by: Piercoin on December 07, 2017, 12:02:35 PM



Title: Trading based on BTC or ETH?
Post by: Piercoin on December 07, 2017, 12:02:35 PM
I am not a newbie in Hodling but definitely in Trading ;D

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


Title: Re: Trading based on BTC or ETH?
Post by: aoluain on December 07, 2017, 12:20:43 PM
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%


Title: Re: Trading based on BTC or ETH?
Post by: elimi on December 07, 2017, 03:26:31 PM
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.


Title: Re: Trading based on BTC or ETH?
Post by: Piercoin on December 08, 2017, 05:23:34 AM
Thank you both for your reply  :)


Title: Re: Trading based on BTC or ETH?
Post by: piloder on December 08, 2017, 05:26:00 AM
ETH price is stable right now but it can shoot up in either direction really soon when bitcoin will stabalizes so risk you have concerned about also applies for ETH pairs.

If you are worried about price fluctuation than why don't you try USDT pairs, USDT is accepted in almost every altcoin trading platform and they have USDT pairs for top performing coins.


Title: Re: Trading based on BTC or ETH?
Post by: coin_1122 on December 08, 2017, 05:31:55 AM
Better don't confuse yourself in the market because some altcoin will be traded with only BTC and some pairs will be traded through ETH. It completely depend on us even they are voltaile we don't have any choice because we have to adjust trading according to the BTC and ETH prices.


Title: Re: Trading based on BTC or ETH?
Post by: wowanstrong on December 08, 2017, 06:34:00 AM
And what are your fears, the price of the broadcast a month ago was at the level of 300 now 500, is it really bad. On the contrary, it is very dynamic, and the main thing is fresh and interesting than the swamp bitcoin, which has tightened almost all the participants and now it uses all of its cost.


Title: Re: Trading based on BTC or ETH?
Post by: imadmirer on December 09, 2017, 03:39:29 AM
Trading based on Ethereum is better. The reason for this is simply because there is a continuous escalation of value of bitcoin. However, the same is not the case with Ethereum where the value is relatively stable.

As an example, if you want to trade a bitcoin whose value is $10000 then brace yourself the day after you trade you will find its value to reach $12000! A wait of 24 hours could have fetched you another 2000$. If you can see the pattern in which the value of Bitcoin escalates, you would find that from 10000$ it has quite rapidly touched 15000$ in a span of less than 3 weeks. This is quite staggering. When you want to trade you should remember that you should not end up in losses of your profits. Extreme caution needs to be practised.

Ethereum is stable. Hence one has to day trade with Ethereum where the fluctuations in profit margins are narrow which is not the case with bitcoin as mentioned above. Ethereum is way dafet for day trade. You should subject yourself for day trade with Bitcoin only and only when you find that it is stable or can sense that it will be stable for a considerable period of time. This caution should always be exercised.

It is always thus safer to trade based on Ethereum than Bitcoin. You should count your profit, never the losses in your profit!


Title: Re: Trading based on BTC or ETH?
Post by: Drixy on December 09, 2017, 04:07:32 AM
Better don't confuse yourself in the market because some altcoin will be traded with only BTC and some pairs will be traded through ETH. It completely depend on us even they are voltaile we don't have any choice because we have to adjust trading according to the BTC and ETH prices.
Thats true nowadays trading platforms puts even the most smallest kind of token or coin. They always pair all that altcoins to actually call it a trading site that you can sell your designated earned money From altcoins and exchange it to BTC to redeem you money In COINBASE or anything that can convert BTC from your current country or state.


Title: Re: Trading based on BTC or ETH?
Post by: entrepmind23 on December 09, 2017, 05:39:10 AM
I prefer to trade in Ethereum when bitcoin is having some rapid movements because alts are down that are base in bitcoin but there are some coins that are not traded yet with bitcoin as base currency like most of those coins in Etherdelta so during the time when bitcoin is ballistic, I just trade in Etherdelta. There are many coins in Etherdelta that are just worth cents but when it is already trading in big exchanges, its value shoot up so its an opportunity to profit bigger because I would be able to buy the coin at a low price.

It is good to trade bitcoin as base currency when bitcoin is ranging because altcoins can move properly and they have the chance to shine now. Those coins that has a lot of potential and even those coins that have been existing for years that belong in the top coins can be profitable in day trading. Those low volume coins has potential to double in price if there's confluence in fundamental and technical analysis.


Title: Re: Trading based on BTC or ETH?
Post by: notthematrix on December 09, 2017, 05:52:33 AM
I don't see the purpose of trading in eth, there are way better alts like stratis with a much higher potential


Title: Re: Trading based on BTC or ETH?
Post by: egonzalezburns1 on December 09, 2017, 07:32:47 AM
trading base on ETH seems better in this moment because BTC seem in volatility.
ETH is more stable and I believe that it is potential and ETH can be evaluate higher in future.


Title: Re: Trading based on BTC or ETH?
Post by: wayaneka on December 09, 2017, 11:05:27 AM
In my opinion trading based ETH will more easy because the price of ETH stable at the moment, but also can be the same like Bitcoin soar and strong bullish, so if still newbie in trading for the better choose altcoin that paired with fiat EUR/USD or USDT so that we only analysis one digital currency.


Title: Re: Trading based on BTC or ETH?
Post by: giveen on December 09, 2017, 11:16:42 AM
I mean your one point is right trading with a btc pair is really risky because overall btc is increasing faster than alts which is why it can give you a loss.

Regarding eth I've never really traded with any eth pair because it seems really confusing and you might even have problems in managing it. Eth has a stable price but suddenly it rises by 30% on one fine day well if youbare lucky it might end up good for ya.

The best thing to do now is trade with usd/alt it is profitable and easy to understand.


Title: Re: Trading based on BTC or ETH?
Post by: qiwoman2 on December 09, 2017, 11:37:57 AM
I was doing mainly trading in ETH pairs recently but I have been stopped in my tracks because one of my ETH withdrawals got stuck and has been pending for several days so now I won't trade ETH PAIRS until I receive my money from the blockchain. I am currently only trading BTC pairs now until ETHEREUM gets itself sorted and I receive my pending funds. It's a shame really because I was doing some nice arbitrage trading. It all depends on what kind of trades you do, so I can't really say which kind of trading is better to be quite honest.


Title: Re: Trading based on BTC or ETH?
Post by: Fazlurkhan.kz on December 09, 2017, 11:51:43 AM
Trading based on bitcoin or ethereum might not be safe but can surely be profitable sometimes. No doubt that the rising price of bitcoin is somewhat an alert or a signal for chaos, but DAY trading using bitcoin will be surely good to do but a little risky too. As the it's value can and might fall down resulting in a loss, so that's a minus point.
Whereas if we talk about ethereum, yes, it's value is rising slow and it's more stable than bitcoin, it's not that profitable but a little less risky than bitcoin but you'd then have to hold ethereum for a long period of time and maybe then you might have a good amount of profit!!
So, both BTC and ETH are good for trading but bitcoin is way too risky right now and ethereum might just be slow to give a good profit! :o


Title: Re: Trading based on BTC or ETH?
Post by: readygoaw on December 10, 2017, 12:13:27 PM
The idea is nice. taking into account BTC has all chances to jump up again and ETH is growing and soon will again reach 500 dollars and even more, do it!


Title: Re: Trading based on BTC or ETH?
Post by: hasmukh_rawal on December 10, 2017, 01:48:19 PM
There are many trading pairs through which traders can buy/sell their coins. It depends from trader to trader as through which pair they are comfortable with. While the base pair for trading altcoins is with BTC but many traders use the USD pair to analyze the trend. The USD pair is compare only for BTC as default but other traders see the USD pair with altcoins too. I personally use BTC pair to analyze the altcoins and then see it through USD to whether it is going up or down.


Title: Re: Trading based on BTC or ETH?
Post by: bitcoinmasterlord on December 10, 2017, 01:57:26 PM
In my opinion trading based ETH will more easy because the price of ETH stable at the moment, but also can be the same like Bitcoin soar and strong bullish, so if still newbie in trading for the better choose altcoin that paired with fiat EUR/USD or USDT so that we only analysis one digital currency.
We can't do trade all altcoins with USDT only a limited coins are listed under this coin, To buy any altcoin BTC is the best and 1st option and next ETH. as you told ETH price is stable to compare BTC so we can use ETH to trade other altcoins.


Title: Re: Trading based on BTC or ETH?
Post by: frowsiter on December 11, 2017, 08:12:48 AM

I think this is really going personal demands. I mean if Iím comfortable with BTC and you are with ETH then it doesnít matter against what we are trading. The end result is always same because if the BTC/ALT and ETH/ALT pairs will always end up having the result of BTC=ETH~traded alt coin. Not sure if you are getting what Iím saying here but thats the defined output of any currency pair. There will be not much difference between the two different trades. Even if you go via ETH trade and I go via BTC trade then the end result would be equal traded coin only. I mean at the end you will have same amount of alts and related profit as I am having. This is because alt coin price is fixed and for that if Iím investing X USD which is equal to Y BTC then you will surely pay Y+E ETH for it and then Y+E = X for sure. Thats the simple math. Let me know if Iím missing something here.


Title: Re: Trading based on BTC or ETH?
Post by: sandy8800 on December 11, 2017, 09:06:01 AM
I prefer ETH due to stability but there are many coins that have paired with BTC only where I choose BTC. Otherwise I stick with ETH pair.


Title: Re: Trading based on BTC or ETH?
Post by: sugihe on December 11, 2017, 09:15:14 AM

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?



Actually i also prefer etherium than bitcoin because i have small amount of capital. Etherium is more afford rather than bitcoin.
So if you trade etherium i think it si not mistake at all. You did right choice.


Title: Re: Trading based on BTC or ETH?
Post by: bummm on December 11, 2017, 03:52:11 PM
Ethereum shows more stability and less volatility than Bitcoin. However, now trading with BTC can bring you the bigger profit if you catch the right time when to buy and when to sell it.


Title: Re: Trading based on BTC or ETH?
Post by: GregH37 on December 12, 2017, 10:34:52 AM
The idea is nice. taking into account BTC has all chances to jump up again and ETH is growing and soon will again reach 500 dollars and even more, do it!
At least, I will not suggest going after this shitty coin eth because it has no potential of making you rich or providing you with any decent profit. I have had very bad experience with this coin rather all altcoins are pretty much useless. They are quite habitual of putting their investors into losses. This eth is ageing dependent on bitcoin for increase and decrease in value but its dumps are really very prolonged ones.