Etc/eth trading tip.

in #trading8 years ago

So this is mainly for advice, if you choose to follow it do not hold me responsible if for whatever reason it does not work for you.
Only invest what you are willing to lose and be aware of market conditions and obvious signs of pump and dump.

That being said there is a coorelation between eth and etc, they can be traded for one another first off. This creates an opportunity to generate revenue and avoid the requirement of watching the btc price and converting.
After Poloniex added etc, eth saw a price drop, when etc got pushed down due to claims that it was a scam - eth went up.

It's not really a coincidence theres not enough incoming new money to create a permanent level at this moment. However you can play the trade between the two for simple gains, I'll demonstrate a simple scenario that seems to keep arising.

Etc drops to 220k sat, eth rises from 1.91m to 1.99m sats.
This means you can trade 1 eth for 9.04 etc.
Now you have 9.04 etc, but what do you do?

During this timeframe it tends to be worrisome, it's natural. Etc begins to slowly rise generally back to around 270k satoshi and eth then proceeds to drop to 1.9-1.93m satoshi.

So at this point your 9.04 etc (270k) is worth essentially 1.27 (1.91m) eth, meaning you gained .3 eth for minimal risk.

Now some people would prefer having the btc and that's all well and good, although it tends to be a slightly higher risk only in the sense that btc has some relatively large swings periodically +/-100$ in a day and if btc drops in value both your eth and etc are worth more btc instantly. If it rises you do lose some btc value, but you don't lose your fiat conversion value in this transitivity state and your funds are hedged into both eth and etc to effectively monitor losses on one end of the spectrum for gains on the other end.

Anywho my smaller account is just a test that with the right situations, overtime your ripples start to accumulate and you can create a wave.


Small beginnings, and alot of trading between exchanges and you can achieve a goal. Just be careful and good luck also for polo traders etc is currently on its uptrend pending a whale knocking prices down. May want to wait a little bit, also small trading fee on the btc only side is +1.3k satoshi for profit at this size.