Would it be better to sell in DOT-BTC or DOT-USD?
Would it be better to sell in DOT-BTC or DOT-USD?
Sorry if this might be a dumb question, I am kind of new to the whole thing and the ***-BTC markets still kind of confuse me, if yall could explain it to me like I’m five that would be awesome lol, the money used from the sold DOT would probably be going into BTC at some point anyways just trying to get a better understanding thanks.
Samuel Goldenberg Answered question November 25, 2024
There’s pretty much no difference, market makers arb the difference and it’s almost always nearly the same. One could profit by timing the trades in dot-btc, but it’s no different than timing trades of dot and btc to fiat and back. Calculate the price in dollars of dot-btc and you’ll see it’s almost always exactly the same as the price of dot in the USD value of btc
Samuel Goldenberg Answered question November 25, 2024