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.
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
