I'm sure most of you are aware how stable crypto prices have been over the past month. BTC <--> GRC volumes have been relatively low as well.
Because of this, it may seem like there isn't much incentive to actively trade. On the other hand, trading metrics like volume, bid-ask spread, market depth, etc play an important role in how people perceive the quality of a coin (more important of a role than we might wish, but that doesn't change the fact). So, I've been trying to keep up my Gridcoin trading strategies despite the slow market.
So far this month, my trading volume has been about 255000 GRC (approx. $2550) on Bittrex, and 31000 (approx. $310) on southXchange. Not a ton in view of the entire market, but still something. I've made a modest profit too. My strategies mostly consist of arbitrage between southXchange and Bittrex, and also working the pretty substantial spread on southXchange. Large buys/sells on Bittrex provide another opportunity to make a profit.
In the end, I feel productive contributing to Gridcoin's liquidity.
What are your guys' trading volumes? Any strategies that seem to work well?
