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Crypto-to-Crypto Trading Example | NewsBTC
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Crypto-to-Crypto Trading Example

zsolt
zsolt
4 years ago
1 min read

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Introduction to Cryptocurrency Trading Why Trade Cryptocurrencies? 2020-08-13 Crypto-to-Crypto Trading Example

With how volatile each cryptocurrency is, crypto-to-crypto trading pairs can be even more volatile and profitable.

During 2017, Ethereum rallied over 1900% against Bitcoin in just over 6 months. This may seem like it implies poor BTC performance, but on the USD trading pair, BTC rose by well over 2,000%.

At the same time, Ethereum surged 1900% on the ETHBTC pair. Ethereum, on the USD pair, rose over 18,000%.

Trading any of the peaks and troughs in between could lead to life-changing wealth. But things can just as easily turn south and lead to extreme losses if you aren’t careful.

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