Im sitting on 20 ETH as my master currency. A few weeks back I would regularly convert from ETH to BTC as neede to complete a trade that is only available to be bought with BTC, now that ETH has dropped in value I'm only trading coins that are purchased with ETH because I'm concerned I will get screwed over in the conversion. Is my fear irrational @fastfingersluc, or would you do the same if you were in my shoes until the value of ETH is restored?
I'm a semi-casual trader, but I am proud to say that I have converted to your approach. It is not complicated, routed in logic, and I can make EV calculations that proves all my trades will have a positive expected value. Thank you, I read your steemit blog daily since July 1st, I hope it only gets better!
There is nothing wrong with only trading ETH pairs, there are plenty of charts you can trade that way, only some will be lower volume. So thats a little bit of a handycap.. and then what if ETH decides to dive in the next few days? thats why im mostly cash USDT.. Because ETH is near major $200 support.. a little dangerous to be all in ETH.. but please make your own decisions, im just telling you what I'm doing.
Trust me, I want to get out of ETH but I would lose too much - I have to go along for the ride or assume the loss of equity. In the meantime I think I will convert to BTC on a case by case basis when needed to complete XXX/BTC trades, and then convert back to USDT. In time I will be closer to the ideal, this is just a temporary inconvenience for me because I bought most of my ETH during June before I learned what to do from you :-(
Well I would never advise you on what to do.. And long term i expect ETH is going up.. So you should be fine.. and its great that your going to get some trades in meantime.