ETH/USDT vs ETH/BTC
Can someone tell me why a lot of people like trading the ETH/BTC pair? I always felt ETH/USDT was most logical, since BTC has a lot of volitility. Makes it a lot more straightforward for me.
Posted Apr 4, 2017, 8:22 PM UTC
46
Probably liquidity. The USDT pair got added after ETH/BTC but the traders / algos were already set on the BTC pair.
Edit: Also most other assets are BTC based and the whales trade a lot. To trade ETH/USDT, they would have to make an extra trade (one to BTC from their other alt position, one to USDT, then USDT/ETH vs one from their previous BTC position, then ETH/BTC.
2
if you're betting on the flippening, ETH/BTC is a nice option ;)
2
Taxes? Every time you sell back to fiat and take gain/loss, you have created a taxable event that you need to report on the following years taxes
1
Probably a minority here but eth/fiat is not available for my country so the only option is btc/fiat then eth/btc. If anyone reading this happens to know a place to trade eth/thb, please inform me.
1
The reason is that one cannot margin trade on ETH/USDT pair. ETH/BTC is supported. At least on Polo.
Ah makes sense!