Reasons to trade ether as an alternative to Bitcoin trading.

[Zackgeno96]

Here are three reasons why trade Ether (ETH) as an alternative to Bitcoin trading.
First, portfolio diversification when the market is in a sideways condition. In fact the sideways phenomenon is common in any asset market.
Second, ETH has a high trading volume that competes with Bitcoin and USDT, including its market capitalization which is second only to Bitcoin.
Third, ETH Ethereum's performance is better than Bitcoin in 2020. In the midst of global market turmoil affected by COVID-19, in general crypto assets are still relatively stable compared to the stock market.

ETH is also one of the crypto assets that managed to recover and be stable after the market crash in March 2002. In fact, in the first semester of 2020, ETH emerged as the winner ahead of Bitcoin in terms of ROI by a 75 percent increase.

Ethereum is the centre of all DeFi coins, so if you are buying Ethereum then you are having a stake in the future as well when the DeFi coin gets launched on the Ethereum blockchain there will be a lot of buy pressure and hence the price will go up. Ethereum 2.0 is coming and again the price is going to go up as the POW model will be shifted to POS and people will need 32 ETH for being the validator node and thus the buying pressure is gonna go up and hence the price will follow it soon. I guess these are also one of the valid reasons to buy Ethereum and have a bag full of Ethereum for yourself.

[popeye95]

Well, in the midst of global market turmoil affected by COVID-19, ETH did better than most altcoins and even Bitcoin as well because it has the 2.0 incoming cause a huge rally among investors. It wasn't fair to use 1 in a kind event of crypto to justify its super performance compare to others that don't have it. I do like ETH since to me, I was the best coin only second to Bitcoin but we need to have a cool head to make sure not making any mistake because of overhype.

[marilynmanson21]

Yeah I even do a lot more of ETH futures trading rather than Bitcoin futures, because for me it's a lot easier to do, even only moving by $1-$2 is already a good profit for me, in my opinion it has a better potential if compared to Bitcoin for the futures trading and perpetual trading. I have done a lot of Long position since Ethereum was $250+, and now i'm in much profit.

[harizen]

Alternative? Isn't it always a good idea to include ETH in our portfolio?

It's not about comparing its volume to BTC but ETH is highly considered as one of the top-performer coins of all-time. It's also not about ETH reaching $500, $1,000, $2,000 but you can always bet that a coin with a large market cap is worth trading.

And above all of this, it's always a good strategy to diversify our funds not limited to only a single coin.

[Ridwan Fauzi]

This statement will be relative, I mean yeah Indeed currently ETH has been showing a good movement because there was some event that has been passed like its anniversary and the latest improvement for its system has successfuly bring ETH's price reach $400 again.

But who knows a few weeks ahead its price movement will be? Shall we still consider that the movement price will be same like now or even is more attractive? There is no one who will know, clearly the best thing to do before you trade you have make an analyst first about the coin that will you choose.

I myself always try to see the fundamental factor first. I find out about the coin and see all the latest news for this coin so I will make a conclusion based in it. The result of fundamental factor you can convert to analisys factor, the price movement will be depend fundamental factor I mean if there is something bad happen its price movement will show you a drop in price in any strategy and otherwise.

[michellee]

Ethereum will be an alternative to trading as we have so many ethereum pair altcoin available in many exchanges. Yesterday, I was discussing with one of my friends who tried to trade ethereum pair altcoin. He said that he could make a profit in ethereum by trading, and he still tried to make more ethereum. Many altcoins, which are paired with ethereum, have good movements, and sometimes, the price can jump higher. But bitcoin pair altcoin still is the main choice for many traders because they see the chance to make a bigger profit.

it seems to me that trying to trade altcoins is a very risky attempt. the easiest way is to hold coins and not sell them until the time comes. trading altcoins can bring you very large losses

Hold bitcoin can be the easiest way for you to make a profit because bitcoin prices will increase. But if the altcoin can up and down, I think you can also make a profit in bitcoin, so that can make your bitcoin amount will also increase. The crypto market will grow when the bull runs so that we can make a lot of money from the crypto.

[tabas]

In which coins you are good in trading, practice and stay on it.

This is traders main problem here in the game, stick to what works for you as simple quote on finger tips, I have discovered when I was a day trader, I lost when I divert my trade to other coin because I'm out of my favourite seeking for already dumped coin to buy not knowing from the indepth trend of the coin, I learnt my lesson immediately to stick to coin you know it progresses.

I have learned that with myself. I'm not successful finding the other coins of my like and day trade it because of the volume that they get.
As long as you're touching the good one and you make out of it, stick to it. That's a better strategy and only you can find out what's best for you.