Why do people trade cryptocurrencies with other cryptocurrencies and not just USD or other fiat currency? Doesn't the fluctuation of your base currency also affect your value?

Posting as :
works at
You are currently posting as works at

Because buying (and selling) alts with USD is difficult since the most common US exchanges don't make it easy to get fiat in and out (I believe most do wire transfers though?). Coinbase/GDAX is the only one I think that makes this simple (identity verification aside) but they only trade 3 currencies.

like

Aside from accessibility as mentioned above -Why do people trade any currency against another? Analogous to standard forex trading - consider fiat denominated ones base pairs and all others as crosses. Same deal.

Related Posts

I’ve been working to an unhealthy degree lately. And I’ve been making the excuse that I have a lot of work right now, but I’m starting to wonder if I’m addicted to it. Part of it is anxiety and perfectionism. But my behavior is now actively harmful to myself and starting to harm my marriage.

How do I stop? I’m not talking work-life balance. I mean, how do I say, “I don’t care that the client wants this tomorrow and I’m not close to done, I’m going to sleep tonight”?

like

How to know whether agency’s expecting too much or you need to step it up? Ex: Told to provide four unique, presentation ready logo designs in 4 hrs.

like

Hi Guys, Please help 🥺
I've joined ibm during Feb 2022 and assigned to a project on March.
I'm ABAP developer but doing data validation production support for one of the big client.
I don't like the work and also can say my tech lead is not happy for my deliverables.

Need advice on how to get a release from the project which I've worked for 4 months. And also wanted to know would this impact career in IBM?..


Thank you.

like

Data Engineer. 3 years of experience. Location - Pune

1. Cognizant - 15 LPA
2. LTI - 13.5 LPA (including 5% variable)
3. Blazeclan - 12.5 LPA (including 5% variable)
4. ielektron - 13 LPA (Bangalore)
5. TCS - 10.5 LPA + 1L JB
6. Go Digital Technologies (Startup) - Salary to be negotiated.

Only few days left of NP.
Please help me choose.

like
like

Has anyone paid back their sign on bonus when quitting? Did they allow you to pay it back in a repayment plan?

like

Match Marketing Group, specifically Chicago?

I'm a physician with a disability (wheelchair), and I appreciate so much those patients that don't act any differently around me

like

Is it appropriate to ask the interviewer why the previous person left the role?

like

The love of my life got married, tell me something nice 😭

likefunny

Are any of you right brained and ENFP? Do you struggle with this profession?

funnylike

Is it worth it to exit for pharma sales? I know some people have made the switch. The money is tempting but I can't help wondering if it's just a "grass is greener" situation

like

What are some of the features you would like to be added in Fishbowl? Personally I would like a poll option..

like
like

For those of you on the outside, what do you think Guidehouse’s brand is like in the SLG market?

like

Can you transfer your stocks to someone else’s name if you’re working for a company with an independence clause?

like

any junior writers wanna work together and add some stuff to their portfolio? message me and I’ll send you my book.

likesmart

Thoughts on Trump talking about wind?

Post Photo
likefunny

TidalHealth - a large Healthcare organization in Salisbury, Maryland, and Seaford, Delaware has a multitude of employment opportunities!

Are you looking to advance your career to new heights? Perhaps you are looking to finally start a rewarding lifelong career? Maybe you know someone who is? Please share this message with your friends, family, and peers to spread the news of the fantastic employment opportunities at TidalHealth!

We offer sign on bonuses, student loan repayment, and much more!

likehelpful

Additional Posts in Everything crypto

Will tezos make me rich?

Did I miss the boat on MANA? What’s everyone’s thoughts?

like

Purchased some Litecoin earlier today. Watch where it goes over the next 6 months, folks. Strap in.

Thoughts on $AXS for the rest of the year? Thinking about converting it to SOL LUNA and QNT.

like

My friends (especially the ones on H1b visa.. since our immigration process is tricky),how are you planning to report taxes on the coins you are HODLing or have in exchanges outside US (say binance)?

like

Good time to get in on ICP?

like

Any folks with experience using Coinbase Wallet to lend want to share what they’ve learned or chat with someone who is just getting started with lending stablecoins? Thanks!

like

What’s a good free website or method to compare the trend of BTC divided by ETH market cap over time?

like

65j38 is the join code for aforementioned bowl dedicated to discussing underlying tech of blockchain protocols, not pricing/speculation

like

Does ETH get to 1000 by end of year? Thoughts?

Doge Baby Doge !!! 😍

like

Is this what everyone is waiting for ? ⬆️

like

XLM - great opportunity to buy now. Get in and thank me later!

like

Anyone’s though on Bitcojn Cash BCH? It looks as stuck as LTC

We’ve broken through the resistance.... how.low.can.she.go!!

like

A few alts are managing to move against the tide atm, though, at least... QSP, AST, MTH, RHOC.

like

Who is buying & what coins?? Also any alts worth looking at - looking at long term, 2-5 yrs.. planning to invest ~20k

like

What zkrollup coin do you have and why?

like

How often do you guys take profits systematically and how much? Or do you just take profits at variable times when you think something might tank soon

The good thing about crypto currency trading is even while the value of the crypto falls an investor can still make profits off it... This is something I have been doing for years for both myself and my clients

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal