If €/$ goes to parity... better be long €/BTC?

[gotmilk_]

With a big possibility that € will go down even more against $ (many are talking about parity or even lower)... Is it better to be long (when the trend is up) €/BTC and collect the profits also from falling €? For those who prefer to cash out € and not $ of course.

Thoughts?  

[1714039748]

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[1714039748]

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[Q7]

Sometimes it is better to ride the wave than to go against. Some people prefer to place buy order at low levels and cash in on any quick recovery due to strong fundamentals of the currency. While others prefer to just sell and follow the trend

[gotmilk_]

What I'm talking about is.

Current situation:
€/$ = 1.1315
Kraken = 205€ 
Bitstamp = 230$

Even if BTC doesn't move and €/$ hit parity situation would be:
€/$ = 1.0
Kraken = 230€
Bitstamp = 230$

It is actually easy money if the €/$ hit parity and since all big banks expect that... 

[thebigtalk]

Best to go long with €/BTC today. It's actually a good move in worst case scenarios. You wouldn't want to deal with $ at the moment or rely on it as much as €.

[Lazada]

there are times when you have to choose the price fluctuations, whether cold or bitcoin dollar price fluctuations. it depends straegi initial use

[gotmilk_]

there are times when you have to choose the price fluctuations, whether cold or bitcoin dollar price fluctuations. it depends straegi initial use

Yes. Especially for those within EUR zone. For example €/$ is down 0.4% at the moment... And the daily price change on Kraken is +0.35% higher than Bitstamp price.

[john_doe]

long with €/BTC = buy BTC with €?

[gotmilk_]

long with €/BTC = buy BTC with €?

Yes... In my case 5x leverage on Kraken.

[randy8777]

i'm not worried about the value of the euro going down even more against the us dollar. can't see it going much lower than current level. we've seen the worst.

[gotmilk_]

i'm not worried about the value of the euro going down even more against the us dollar. can't see it going much lower than current level. we've seen the worst.

Well... More or less all mayor banks expect parity in a year. Also ECB is doing everythhing to keep € down (low € is better for export...). With possible stock crash ahead (run from stocks to cash), I think parity is more than possible.