RE: Splitting cold wallets and trading BitcoinCash + Coinbase has issued an update

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Splitting cold wallets and trading BitcoinCash + Coinbase has issued an update

in trading •  8 years ago 

Right now XBT is skyrocketing. Looking at the ETH/BTC pair, it seems Ether is heading back towards it's base.

https://www.coinigy.com/s/i/598547f4b8fec/

But on ETH/USD, it hasn't even budged.

https://www.coinigy.com/s/i/59854849ecc5a/

Would you buy into the ETH/BTC if the base cracked, knowing it's stable against the USD?

trading
8 years ago by

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      ·  7 years ago 

    YES YES YES and more YES. To illustrate, check the price of XBT at .0729130 at that time was roughly equivalent in USD to the price at ETH/USD. In fact at this moment you get almost $1 USD extra equity from trading ETH/XBT over ETH/USD. When trading currency pairs the proportions may look different visually due to the economies of scale.

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