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?
everyone has their own strategy and way of trading, the core and desire of us all are of course to be able to benefit from the trades we do, so whatever our strategy is to make trades, the most important thing is that we can be comfortable and can benefit from the trades that have been we do, in trading, of course someone certainly has good or bad experiences, but we should not hesitate or give up when we experience a bad trading strategy, keep trying and trying until we can do trading strategies well and can make big profits .