Quote from: KyoRider on Today at 01:56:08 PM

Quote from: brandtalex on Today at 01:21:40 PM

Quote from: Bergkampsballs on January 16, 2021, 06:42:23 PM

Hi, I was thinking of trading between BTC, ETH and maybe a few others such as DOT and ADA but the fact that most traders trade between BTC / USDT or ETH / USDT etc suggests that it's probably a dumb idea that will cost me money. The fact that I need to ask this question probably suggests I shouldn't try it but it seems to me that they go up and down in spurts.

For example ETH has just had a bit of a pump whilst Bitcoin is has been up and down so I've traded some ETH for BTC hoping that I can catch a raise from BTC whilst avoiding any potential correction on ETH. I was wondering if this kind of strategy is something that many people have tried and had much success with or had any bad experiences with?

If you're a hard trader or a daily trader I suggest you try grid trading bot. The alts you've mentioned have a great volume in every top tier crypto exchanges like KuCoin,Binance etc.

Also trading via grid trading bot is very easy now, you just have to set your bot on a good entry price and your money will be fine.

Btw here's the link if you wanna see how good the volume is for most of coins/tokens on KuCoin especially BTC & ETH:
BTC-USDT: https://trade.kucoin.com/BTC-USDT
ETH-USDT: https://trade.kucoin.com/ETH-USDT

ETH Volatility and BTC volatility doesnt have that much difference to be honest, I actually used to do the strategy that he was talking before, I do swing trades most of the time but I do hodl as well. Trading via bots are a good decision but you gotta be good at reading the volatility too just like trading but with bot, it will help you to lessen the lose that you can get.

That's because ETH most of the time follows BTC price but these ETH seems to be outperforming BTC. The so-called king of coins have tumbled a lot the last few days falling as much as 31% and never touching the $41k again while Ethereum has continued to aim higher with now aiming for a new ATH.

Trading will be hard for some because of this though, ethereum has a mixed technical outlook although this is just part of the beginning of the parabolic pump that was seen last 2017, that is why you should be careful with your trades, come up with fair judgments to avoid getting hit in your weakest point.