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Strategies & Market Trends : Blockchain and Cryptocurrencies
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To: Elroy who wrote (221)1/15/2018 9:23:09 PM
From: w0z3 Recommendations

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Claude Cormier
Glenn Petersen
zax

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What that means is if you want to buy and sell any of the other thousands of crypto currencies, Bitcoin is the normal medium of exchange. For all of the crypto exchanges the pair trades (sell crypto A and buy crypto B) usually have Bitcoin on one side of the trade.

I strongly disagree. ETH is the primary currency for ICOs and must be very close for regular exchanges. Why? Because it's MUCH faster to move around and fees are much less. I wouldn't be surprised to see ETH displace BTC as #1 this year.

Some data from Coinbase/GDAX which is the largest US exchange accepting USD fiat:

11. GDAX #CurrencyPairVolume (24h)PriceVolume (%)

1 Bitcoin BTC/USD $211,829,000 $12,950.00 34.65%
2 Ethereum ETH/USD $201,576,000 $1,225.00 32.98%
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