Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: moonking on October 19, 2018, 04:27:13 AM

Title: Trading coins versus each other
Post by: moonking on October 19, 2018, 04:27:13 AM

So if your only goal is to increase a currency, and not the dollar, do you prefer trading your coin versus US or other fiat, or versus another coin, like ether, litecoin, etc.  If you trade coins versus each other, do you find the mechanics different, like stability and volatility, versus trading against the dollar?  I generally just do it through the dollar, never really looked at trading them against each other.

Title: Re: Trading coins versus each other
Post by: Zed0X on October 19, 2018, 05:18:49 PM

The mechanics are the same. Majority of my coins/tokens do not have a USD or other major fiat pairing so I just trade them against BTC or ETH.

Title: Re: Trading coins versus each other
Post by: moonking on October 20, 2018, 12:42:12 AM

Quote from: Zed30 on October 19, 2018, 05:18:49 PM

The mechanics are the same. Majority of my coins/tokens do not have a USD or other major fiat pairing so I just trade them against BTC or ETH.

I noticed that a lot as well, sometime there might be no choice but to go with the fiat or another coin, since exchange offers you one or the other.  Dogecoin is a good example, it might be offered against bitcoin, and that's it.