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?
some people choose to trade on BTC / ETH or ETH / BTC it is a safe point rather than having to risk a lot to be on other tokens. but if you try to use the technique of choosing BTC or ETH which has the potential to increase it is a good thing because it can speed up your profit, but know that you have to work fast and smart if you use such a technique.