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well to me i think is very nice because wen u keep the coin it might increase and even double the amount u were paid unlike cash or fiat that doesn't increase over time
and of course on the flip side of that....it might decrease and what you got paid for your time and work is worth 50% less I see this as a stumbling block for major adaptation of crypto coins...as much volatility as there is in these markets, if i were a merchant i wouldnt want my payments being in something that could drastically change in value in a matter of a few hours. But the volatility will continue until it becomes more mainstream and markets are flooded with money. But i dont think that can happen until there is major acceptance of these coins as forms of payment.... its kind of a catch 22 as i see it |
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I will also add that from a purely technical standpoint...in reading these charts...a lot of these coins (especially the bigger ones) seem to behave, for the most part, as a technical trader would expect. bouncing off MA's , support/resistance levels, stochastics, etc etc. All other variables aside...that is good to see.
For example..the daily chart of BTC doesnt look very good at all. 2 cycles of lower highs and bouncing off 12.5k support level (on binance) several times (descending wedge)...now its broken under that support on high volume.... and the 2 failed breakout attempts of ETH over last week if looking at 6hr chart.... now 20% lower ....
again, just from a technical standpoint...these things to seem to behave in a somewhat predictable fashion
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(I wrote this post with a different audience in mind...so i apologize if some of this is quite dumbed down....)
A few thoughts from my first week trading in the crypto currency world...
and for full disclosure: i am down overall. % wise... a pretty good amount. $ wise ... peanuts...which is exactly why i started very small as i navigate the learning curve. I made some good moves, and made some bad ones as well. One of which in particular is responsible for the majority of the % drop. Essentially i made common mistakes made by the average investor/trader. (I do have something in play right now that could easily move up 50% ….kind of a moonshot to see if cant recoup those peanuts)
To that, my question is: if i cannot produce results far superior to the average trader/investor...than just what the hell have i spent 17+ years learning about?
(And this list is more so for myself to my many thoughts on this subject written down)
* my knowledge of reading charts and trade set ups is fantastic. Its my execution that is lacking. I have not been trading with any sort of established rules and parameters...i have been essentially winging it.
Seeing that it impossible to entirely remove emotions from your trading/investing ... it is paramount to have a clear, established set of rules to mitigate the emotional factor as much as possible. Much more so when trading very short term...but certainly applies to investing as well. (but this is an entirely different topic that I will refrain from going on about as doesnt apply to this post)
*trading crypto currencies is an entirely different beast than anything I have traded before. And I have traded many different instruments over the years. It doesnt trade quite like a stock..not quite a currency..not quite a commodity. Its a little of all of those...and none of those at the same time. Its a very new concept to me and I have a lot of work cut out to get my understanding of this market to where I would like it.
*there are many different considerations in trading a crypto coin that do not exist when you are simply buying a stock. When you buy company XYZ on the NYSE, youre buying that company. There arent a whole lot of other variables. However, when youre trading a coin...especially an alt coin... most of these coins trade are in markets that are versus other coins. Youre buying that XYZ stock in dollars...the coin your buying is in other coins...so the performance of that underlying coin is something you need to consider when making a move. You know the the value of the USD isnt going to have an effect on your investment into company XYZ from the NYSE...not so in the crypto markets. These coins are highly volatile and can make HUGE % moves, seemingly without warning. (That moonshot play I mentioned above..its move higher correlates with its underlying coins' sharp decline over the same time)
*because this is a relatively new and expanding market, and just now really becoming mainstream...from what I have found so far, there is a severe lack of quality software and charting tools available. I opened an account with coinbase and binance because those seem to be the most popular. Coinbase operates sort of like a bank, where binance is the trading exchange. Binance is the most actively traded exchange (if looking at data from coinmarketcap.com) ...but its trading platform lacks a lot of what I am used to in one. Its outlay isnt customizable, you cannot have multiple charts open at same time..etc etc. Another major flaw is that binance does not offer margin trading (although they have plans to offer it in the future). No margin trading means no shorting. No shorting means you cannot profit from downside moves... and thats 50% of moves! Its either going up or down... I do believe some exchanges offer margin, but if these exchanges arent highly active..the liquidity is lower...thus mooting the entire point of having margin availability.
* I have also have had some difficulty in 'getting plugged in'. In finding quality information on the crypto currency world. Where to find breaking news and headlines. Where to find quality charts and data. Where to find the other quality crypto traders in chat rooms or forums to bounce ideas off of. Just like the cryptocurrency world itself...its information seems to be very decentralized. A lot of that will resolve itself as I spend more and more time researching and weeding through the good and bad sources of information. But early indicators tell me that quality information is lacking.
In conclusion...while I have learned much in the last week or few from researching and a little dipping of the toes into the pool and making some real trades...i havent even scratched the surface. If my knowledge of the stock market could be represented as having a value of 100...my knowledge into the cryptocurrency world is at 3 or 4. It was at 0 a few weeks ago..will be higher few weeks from now. It is an exciting new technology and concept which I feel is the next wave of the future. Not just cryptocurrencies..but the whole block chain technology which is the back bone of these coins. There are a LOT of potential opportunities in this emerging and growing world.
Now the quest continues to finding and realizing that opportunity.....
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lol...not buying bitcoin when they went online in 2009 for pennies  |
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Hello everyone,
first of all, thank you for your interest in Tokia. It is unfortunate for you and us, that our communication has slipped a bit and therefore I would like to fix it.
To start with - the address:
We have registered the company all of us being abroad as we work this way for a long time. Most of our projects were based on having individual roles and goals to accomplish. Our team is formed from really well locally known professionals with exactly the same principle in mind - everyone of them have their objectives in this project that will be necessary to achieve. Since we are all professionals, it is "just another" project for us, more innovative, more trending and we're happy to participate in it.
Since none of the CEOs of any bigger corporation reside at the same address where they are usually registered, it would be great if you understand that very well. We have registered our company in the UK because it is the most convenient location for many reasons starting from business operations, banking, tax, legal and etc. Yes, of course we could have registered the company in offshore locations like Gibraltar, Malta, Cyprus and etc., but we've chosen to stay among the companies who are not afraid to show all processes and finance in the most transparent way. Offshore locations would "most likely" have given some "other options" for crypto based business. That is not what we're after. We want transparency.
All the rest of the topic regarding the company being registered 3 weeks ago or so - well, it is how it is. You are not looking at these facts from the right perspective since the company is registered and no fraud or scam could be desired under such legal status.
Here is the issue, if you have nothing to hide then you don't hide so we still have to ask the question why was somebody in your "team" trying to hide and not simply being transparent. The fact that you are answering here only means you are trying to save face. As a investor and marketer I am really not interested in a team that starts a ICO with in YOUR WORDS is '"just another" project"' - whether it is truly a scam or not I know not, but it appears to be a half-hearted attempt and what has been exposed shows a lack of belief on your end in a long-term existence which leads those looking on to have even less faith in you. Registering a mailbox address costs between $5-25 so that doesn't show or prove transparency at all. This post is a few weeks old, but Facebook was showing me Tokia ads and landed here.... This is supposed to be an official communication from, and approved by, this company? Is this a joke? And totally agree about the 'just another project' ....that is a cacophony of alarm bells. Just another project.... yeah...that sure makes potential investors want to drop money into 'just another project' .... I wont even begin to pick apart the rest of the statement. |
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The market cap is a total sum of the price of an asset times the number of unique asset pieces that exist. which is exactly the same analogy i used with my having 5 of something worth 100 each. I understand what a market cap is. And i am arguing that it does have some value in comparing 2 different things. even if it is 2 things that have nothing to do with each other. how much value? again...i'm not making investing decisions on it, but its simply a little nugget of information within a much bigger picture. that's it. a small tool in a huge tool box.
Thank god! Someone with a brain that can take over. I’m leaving this thread. It’s making my head hurt.
ahh my apologies...and here i thought we were having a somewhat intelligent conversation/debate about something... because we all have much to gain in the crypto world from personal attacks and slinging mud (cant speak for anyone else, but thats why I found my way to this forum...a healthy, productive exchange of ideas, opinions, knowledge, etc) ...good example from a 'legendary member' Legendary member means we've been around for a long time and RNGesus blessed us with a good roll on getting the status, provided it is not always changing at 740 activity now. The thing with your statement that you can use the market caps to compared to each other somehow is fallacious at best, there is nothing to compared beyond getting a rough idea of just how much money an asset is worth in a certain asset at a snapshot in time. It can change very rapidly and this goes doubly so for small cryptos, since they can go up and down off of the results of just a few buy or sell orders. It's a representative factor of the last order value * the number of assets. Have you ever wondered by a majority of price aggregation and average platforms do not include the market cap? Because it is something not worth paying attention to in the grand scheme of things. Thinking there is some sort of arbitrary "It should be worth x% of Bitcoin" is a terrible means of considering investments in cryptos, since there is no revenue to go off of like a traditional stock with a company behind it. Even as a "jumping point". There is no value in looking at those metrics in these environments like there is in FOREX or otherwise. EDIT: Weird-ass formatting Fantastic post!!! THIS is productive. Again, I am new to the crypto currency world...but my education and trading experience in other tradable markets goes back nearly 20 years. So, yes I am a 'newbie' on here...but I am confident my experience can be of some minimal value as ideas get bounced around. Back to the topic...seeing that I am new to cryptos... can you help me understand why you feel there is no value in crypto world versus any other value that tool may (or may not) have in other asset classes, like FOREX? Because, when I am looking at a market cap..the information i am seeking is EXACTLY how you classified it: simply a rough idea of an assets 'value' at any given snapshot in time. Why would the value of knowing that information be different for a coin versus a currency or stock or whatever? The more research i do, the more and more i realize the crypto trading world (and just in general) is much different than other markets. I am finding there are many different things to take into consideration as i start to put some small money at work here...especially in very short term scalping trades. granted, these coins may not have revenues like GOOG or whatever...but still...the price of the coin is still its perceived value at any given moment in time. In that sense...why is it any different than any other asset class? All the formalities and technical stuff aside...should a short term trader care how its fundamentally different than a stock or futures trading? (and just for full disclosure for whatever its worth..i own small amounts of BTC and ETH as well as a scalping position in BNB/USDT hoping for decent bounce off upward trending support line on 6hr chart) |
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The market cap is a total sum of the price of an asset times the number of unique asset pieces that exist. [/quote] which is exactly the same analogy i used with my having 5 of something worth 100 each. I understand what a market cap is. And i am arguing that it does have some value in comparing 2 different things. even if it is 2 things that have nothing to do with each other. how much value? again...i'm not making investing decisions on it, but its simply a little nugget of information within a much bigger picture. that's it. a small tool in a huge tool box.
Thank god! Someone with a brain that can take over. I’m leaving this thread. It’s making my head hurt.
ahh my apologies...and here i thought we were having a somewhat intelligent conversation/debate about something... because we all have much to gain in the crypto world from personal attacks and slinging mud (cant speak for anyone else, but thats why I found my way to this forum...a healthy, productive exchange of ideas, opinions, knowledge, etc...did i come to the wrong place?) ...good example from someone with 'legendary' status |
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Oh god, you have to keep explaining the same fucking thing here over and over again.
Market capitalization is a useless metric for measuring the value of a commodity or currency. Market cap is also incorrectly used to tell what a company is really worth. The market cap formula is simply this: The amount of dollars per share of a company x the total number of shares of that company. Market capitalization is about the price of a company. It only tells other companies what they are likely to need to pay to gobble up another company. The economic pigmies that set up these bitcoin price sites years ago started using market cap like they are describing the value of a company because they’re dumbasses. All the “follow the leader” dumbasses copied what they were doing on other sites so it spread. Bitcoin has a fixed number of “shares” so all market cap is telling you is the current price of bitcoin. The number of “shares” will increase slightly until all 21m are mined and then it will be fixed forever. It would be more useful to discuss the effect of monarch butterflies landing on superheated bitcoin mining equipment as it relates to increasing the user base of bitcoin.
might be because I'm newbie, but I don't quite understand your point. what's wrong with the use of market cap? how would you calculate the total worth of the market? coin price alone means nothing cause there can be 1 coin or 1 bil coins. coin supply alone doesn't say anything either without knowing it's price. but if you multiply the coin supply with the current coin price you get how much money the market is worth in current prices. Ok, I’ll give you that. How would you know if don’t understand what a market cap is. Market cap is used to set investor expectations and shape investment strategy. There is no official barrier for different categories of stocks based on size, but large caps are often companies with market caps over $10 billion, mid cap is $2 billion to $10 billion and small cap refers to companies under $2 billion. Different types of investment strategies focus on the various market cap groups, and different valuation methods are applied depending on company size. Very large market caps are usually associated with mature, low-growth companies that pay dividends. Small caps are often growth companies with higher-risk profiles and generally do not pay dividends. For bitcoin market cap tells you nothing about maturity, nothing about potential growth, nothing about user base, nothing about true value, nothing about whether it’s a good investment or not, nothing about size. It only tells you what bitcoin is priced at based on the current number of coins in circulation. So essentially it’s the same thing as looking up the price except to find out the current price using market cap you need to divide out the cap and total coins to find out the price. Why don’t you just look at the price first without doing all that work? "It only tells you what bitcoin is priced at based on the current number of coins in circulation." ..... that EXACTLY the same information that market cap of any stock would tell you. Its the same information conveying the same thing. Its simply used as a comparison tool to compare different asset classes and gives a rough 'value' of said stock/coin/indice/etc. If i have 100 of something and each one is worth 5 bucks... then my 'market cap' is 500 ..... stop over complicating this. its a rough comparison tool. S&P500 market cap is 10T ...crypto's 700B ...ok that tells me the crypto market is about 7% the size of the s&p in terms of 'wealth'. (and i only use that comparison for analogy sake ...not commenting on the crypto or s&p for the sake of this post ) Right! That’s why you don’t use market cap as a metric for stocks, commodities or currency. It’s only valuable for showing the size of a company and it’s dividend class. It tells you nothing useful about stocks, just like it tells you nothing useful about bitcoin. Comparing the s&p to bitcoin is like comparing starships to automobiles. Sure they are both for transportation but that’s where it ends. I dont know..i feel it has SOME value. I see it as a kind of starting point? A very broad base from which to grow an opinion from? and using your analogy starships and automobiles... (going VERY hypothetical here, lol...) lets say the market cap of starships is 200B and autos 2 T .... starships' rough estimate of value is 10 % of the autos. But maybe i think starships could be as big as autos...or half as big. Using that broad opinion...i can look at market cap and see its at 10% the 'value' of autos...i think it should be 50% eventually... so, by using the market caps of the 2...i see perceived value in starships. Now, i certainly wouldnt make any investing decisions based solely on market caps of anything...but again...i see it as a jumping off point in certain situations. I can use it now in my research on ETH...i think versus BTC it has more potential and room for growth...so i could look at the market caps of the 2, compare them, and get a very rough estimate of ETH value vs' BTC...then go from there. and to give my opinion on the original question...nothing. the same that happened when dow hit 25k. news outlets talk about it for a few news cycles, then it becomes 'old news' and back to business as usual. maybe get some dumb money chasing the rockets.... |
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from 1 minute spent scanning their website
Your research amounts to a minute scanning a website?? How do you expect to understand a project without reading the whitepaper? Waltonchain is as legit as Samsung - their latest signing is a deep partnership deal with the State mobile network 'China Mobile' which has 800,000,000 (800M) users. i dont expect to. i dont care to. nor was i pretending to expect it. Hence the preface of my 1 minute of research. which amounts to about 1 minute worth of information... wasnt commenting on the validity of the company one way or the other... was more so just commenting from the technical side of this on its move from 1 to 2 |
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Oh god, you have to keep explaining the same fucking thing here over and over again.
Market capitalization is a useless metric for measuring the value of a commodity or currency. Market cap is also incorrectly used to tell what a company is really worth. The market cap formula is simply this: The amount of dollars per share of a company x the total number of shares of that company. Market capitalization is about the price of a company. It only tells other companies what they are likely to need to pay to gobble up another company. The economic pigmies that set up these bitcoin price sites years ago started using market cap like they are describing the value of a company because they’re dumbasses. All the “follow the leader” dumbasses copied what they were doing on other sites so it spread. Bitcoin has a fixed number of “shares” so all market cap is telling you is the current price of bitcoin. The number of “shares” will increase slightly until all 21m are mined and then it will be fixed forever. It would be more useful to discuss the effect of monarch butterflies landing on superheated bitcoin mining equipment as it relates to increasing the user base of bitcoin.
might be because I'm newbie, but I don't quite understand your point. what's wrong with the use of market cap? how would you calculate the total worth of the market? coin price alone means nothing cause there can be 1 coin or 1 bil coins. coin supply alone doesn't say anything either without knowing it's price. but if you multiply the coin supply with the current coin price you get how much money the market is worth in current prices. Ok, I’ll give you that. How would you know if don’t understand what a market cap is. Market cap is used to set investor expectations and shape investment strategy. There is no official barrier for different categories of stocks based on size, but large caps are often companies with market caps over $10 billion, mid cap is $2 billion to $10 billion and small cap refers to companies under $2 billion. Different types of investment strategies focus on the various market cap groups, and different valuation methods are applied depending on company size. Very large market caps are usually associated with mature, low-growth companies that pay dividends. Small caps are often growth companies with higher-risk profiles and generally do not pay dividends. For bitcoin market cap tells you nothing about maturity, nothing about potential growth, nothing about user base, nothing about true value, nothing about whether it’s a good investment or not, nothing about size. It only tells you what bitcoin is priced at based on the current number of coins in circulation. So essentially it’s the same thing as looking up the price except to find out the current price using market cap you need to divide out the cap and total coins to find out the price. Why don’t you just look at the price first without doing all that work? "It only tells you what bitcoin is priced at based on the current number of coins in circulation." ..... that EXACTLY the same information that market cap of any stock would tell you. Its the same information conveying the same thing. Its simply used as a comparison tool to compare different asset classes and gives a rough 'value' of said stock/coin/indice/etc. If i have 100 of something and each one is worth 5 bucks... then my 'market cap' is 500 ..... stop over complicating this. its a rough comparison tool. S&P500 market cap is 10T ...crypto's 700B ...ok that tells me the crypto market is about 7% the size of the s&p in terms of 'wealth'. (and i only use that comparison for analogy sake ...not commenting on the crypto or s&p for the sake of this post ) |
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then it would still only be 1 / 10th .... 10% of the s&p500 market cap of roughly 10 T
long term growth potential is huge...assuming crypto's are here to stay and will only become more and more a part of everyday life.
Blockchain technology is certainly here to stay and is all connected with AI, the Internet of Things, the automation of aspects of daily life, etc.... (which is probably why ETH is testing new ATHs while other crypto's still consolidating)
1T market cap for crypto market is nothing, long term imo
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Scam or not, their move from 1 to 2 yesterday made me an incredibly nice % gain  i will say...from 1 minute spent scanning their website...their description of what they do is awfully vague. |
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i noticed transferring funds from coinbase to binance.... bitcoin cash is by far the cheaper option. But coinbase has bitcoin cash 'ticker' as BCH; while binance has it BCC. And i put the address from binance into the recipient line on coinbase and accepted the address (whereas i bitcoin address will tell me not valid)
will this work or will my money be lost in cyberspace or whatever because of the different symbols BCH/BCC?
does anyone have direct experience with sending BCH from coinbase to binance or vice versa?
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I am new to this site and i am new to the world of crypto's. I am not new to the trading/investing world. I am hoping my almost 20 years of experience will translate well to this entirely new investment tool. Well, relatively new, and new to me. The more I learn through my research, I have several questions that I keep coming back to that concerns me about this crypto craze. And these are going to be all over the place, so i apologize...but it all comes down to how to best profit from crypto's. First, i hate being a bandwagoner. I am also more of a contrarian by nature and early to switch sides between bearish and bullish. So while i knew of bitcoin when i was first made public in 2009, i didn't pay much attention to it...fast forward to now, and while i resisted the urge to investigate because its all anyone talks about now...i couldn't resist. The more I do learn about these...from a purely trading aspect...to a macroeconomic standpoint...the entire umbrella...i cant help but be excited. I recall one quote as saying crypto's could be 'the 4th industrial revolution' ... i do think it has massive potential to change the economic system as we know it. As a long term investment tool...i believe these are here to stay in some form or fashion. I cant imagine that they wont start to become highly regulated like other financial markets as its popularity grows, but they are most likely not going away. As far as short term price direction...i have no opinion. I can read what the charts tell me...but i do not know the crypto world like i do futures market or equity markets. So, for the point of this post...I am not interested nor do i have an opinion on short term price direction. I am simply thinking out loud here and maybe a few more knowledgeable souls can share some of their knowledge. * Why would anyone accept bitcoins as a form of payment. Lets pretend i am amazon. In theory, accepting BTC..ok i get it...its easier to send 'money'. But if i am amazon...why would i accept it when its volatility is still through the roof. I could accept 100 dollars worth of BTC for an order...but because of its volatility...tomorrow, it could be worth 75, or whatever. Likewise, on the buyers side....why would i pay for items with BTC knowing that tomorrow i could have essentially paid 150 for those items. In order to gain popularity and mainstream acceptance, sure we have to have these sites that accept BTC as forms of payments...but i see it as kind of a catch 22. because again...why would you accept it as a form of payment when the value fluctuates so drastically. You don't have to worry about that with the USD. that 100 today is worth 100 tomorrow, plus or minus a few hundredths of a % point. It seems like an insane risk for a company to accept these. Which leads me to my next question: * I want to take advantage of what i see to be MASSIVE arbitrage potential between all of these cryptos. I have opened an account with binance (mainly because most days on coinmarketcap.com... that exchange has more volume than any other...and liquidity is absolutely paramount to any trading operation (duh). But in order to fund binance..it has to be in a crypto. Ok, that's fine...but what i am used to in trading...I do my trades during the day...scalping mostly. At night, i close my positions...my 'assets' are in USD and i don't have to worry about that value. Not so with crypto trading. I turn my USD into BTC on coinbase...move my BTC over to binance in order to trade. But at the end of the day, I do not have the option to turn that back into USD (at least on binance)...so i have to leave my 'money' in a currency like BTC... which i do not feel comfortable with seeing that it could fluctuate drastically overnight. For other experienced traders out there...what is your solution to this? Yes, I could get all fancy and hedge my 'cash' position...but i don't want to have to do all that for just some scalping/daytrading. I want to be able to enter in and out of the markets when I am able to sit here and watch, and rest easy at night knowing my positions are closed and my 'cash' is safe. Trading in the crypto world...i get the sense that its never really safe in terms of its value..because it is so volatile. my USD in trading account isn't going to be worth 10% less tomorrow morning....i don't have that same confidence in this world. * And this is probably the most asked question/concern for newbies in this world...This whole wallet thing. and losing of coins. The margin for error is absolutely ZERO. I can move money easily back and forth from my checking account to trading account and anywhere else...and i am confident that my money will get from point A to point B.... It seems like if there is a glitch or a hiccup somewhere in the chain of moving cryptos...you are simply just out of luck. Granted, i am sure most of these horror stories result in their own error and mistake in the deposit/withdrawal/transfer process...but this isnt something i want to have to worry about. I want to focus on trading. On predicting the next short term move for the next 5, 10, 20, whatever mins. I dont want to have to take all of these extra precautions on my funding. Sure it sounds like laziness on my part...and probably is...but i am used to what i am used..the safety in USD.... Help me understand why I shouldnt be concerned about this. I have put just a few hundred dollars of play around money into coinbase and have started experimenting with the actual funding/buying/selling/etc process (like sending my coins to GDAX and back) ...just to gain the experience. But because this is new to me...I am very hesitant to put any real money into these accounts. I don't yet feel like my money is safe. I don't feel 100% confident that i can get that back into my hands when i want. I have tons of more questions..but this post is already long enough..so if you're still here i appreciate it I just recently discovered this forum, and I look forward to becoming a contributor and love being able to bounce ideas off one another. Thanks for reading. also...are some of these coins shortable? i see the option for margin trading on some of these sites.... and with futures on CME....i would have to think that you could..at least on some of the more active coins. |
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Only 1 effective way:
Trial and Error aka Experience.
all the books, websites, charts, knowledge, etc...wont mean much at all without going through the experience of trading..of winning and losing. of having money on the line.
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First time posting..i am new to this site and new to trading crypto's ... but i am not new to trading.
As i dive into the world of cryptos...one of the main attractions that i see (again..early on in my learning curve) is the insane potential for profits in arbitraging. Not necessarily as the OP states...by moving coins from exchange to exchange....but rather from coin to coin. I think there is a TON of potential there. Maybe you ultimately want ETH...but because none of these markets appear arbitraged...it may be cheaper to go USD to, say, BCH, to ETH...as opposed to directly USD to ETH.
I come from the world of futures, forex, and equity trading...for the point of this topic, the forex is most applicable....but all of those markets are arbitraged. buying a euro with your usd will be almost exactly the same as buying that euro with yen that you bought with usd. I am not used to seeing these instruments trade out of sync with each other. I can look at a chart of BTC/USD and a chart of ETH/USD ...they both are doing the same thing...moving pretty in step with each other...lets say they both are up 10% for the day... so in an arbitraged market...a chart of ETH/BTC should be essentially flat, and sideways...because even though each coin is appreciating in value...they are doing so at essentially the same pace...so the ETH/BTC shouldn't be moving all over the place. but it is.
they are not balanced and i think there is MASSIVE potential to exploit that. On the down side though, also seems to greatly increases the risk factor.
Am i missing something here? I have not yet put money on the line in trying this strategy...but i feel like there is something i am not seeing, in regards to arbitraging potential.
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