Hello,
I'm completely new to trading and just funded my Kraken account with 350 EUR to play around / to try.
Now I want to invest in btc/altcoins. I'm wondering which way would be the best. Go from EUR to BTC and then to altcoin (XMR, XRP, ETH, DASH, LTC) or directly from EUR to altcoins?
I'm a bit confused because of the graphic here:
http://i.imgur.com/rq7zBJG.jpgI hope I'm understanding this chart correctly.
The blue line tells me the actual "amount" of ETH.
The green line shows how much USD would 1 ETH cost.
The orange line shows how much BTC would 1 ETH cost.
Now the orange line is way beneath the ETH line, which means that you get less BTC for 1 ETH then it would be if the line would be higher.
So If I already have BTC now, I could get more USD out if ETH then going USD -> ETH -> USD, right?
I would be thankful if someone could give me some explanaition, or corrects me if I'm wrong.
Thanks.