For me that does not make a whole hell of a lot of sense - even though it is possible to work to the extent that the price of BTC and alts are inversely correlated. but sometimes they all drop together, which is why the dollar/BTC pairing can be helpful.
Perhaps jbreher plays some of those various pairs, but I think that whatever I am saying is kind of ruled out when you start adding various other cryptos as your pairs, mostly because of the extra questions of the lack of a straight line performance of the other crypto that is going to bring extra volatility and even too many additional uncertainties that vary from cycle to cycle.
I know that each of us have our own systems, so it probably does not matter any fuck what I say, because your mind seems to be already made up to trade certain other crypto pairs because for some reason you see some kind of disutility in holding dollars.
Personally, I understand that the long term certainty of the dollar is that it depreciates in value; however, in the short term, the dollar is way the fuck more stable than any alt coin, including LTC or ETH, and part of the reason for dollar pairing with BTC is to get in and out of crypto volatility and to play it off of the dollar
To me, you seem to be adding a certain unnecessary level of additional risk and additional unknowns in terms of what the fuck those two crypto projects are doing.
But ultimately.. whatever floats your boat... but it seems more removed from my system when you add more variables of uncertainty that can kind of negate the more focused BTC/USD approach.
The bulk of my (automated) trading model is based upon this - I've been doing okay so far, but it is a bit risky since any alt can massively drop - with no guarantee of return, I'm now trading with 100% profit and already cashed out way more than I put in, and cash out profits on a fixed basis - so happy with the risk. I tried working against fiat with a similar model and always end up out of the marketPerhaps jbreher plays some of those various pairs, but I think that whatever I am saying is kind of ruled out when you start adding various other cryptos as your pairs, mostly because of the extra questions of the lack of a straight line performance of the other crypto that is going to bring extra volatility and even too many additional uncertainties that vary from cycle to cycle.
I know that each of us have our own systems, so it probably does not matter any fuck what I say, because your mind seems to be already made up to trade certain other crypto pairs because for some reason you see some kind of disutility in holding dollars.
Personally, I understand that the long term certainty of the dollar is that it depreciates in value; however, in the short term, the dollar is way the fuck more stable than any alt coin, including LTC or ETH, and part of the reason for dollar pairing with BTC is to get in and out of crypto volatility and to play it off of the dollar
To me, you seem to be adding a certain unnecessary level of additional risk and additional unknowns in terms of what the fuck those two crypto projects are doing.
But ultimately.. whatever floats your boat... but it seems more removed from my system when you add more variables of uncertainty that can kind of negate the more focused BTC/USD approach.