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.