ETCG vs ETC, divergent performance, volatility, gains
During the last bull run in May and June last year, ETCG, the OTC fund, performed around 4.8 X the high price of the cryptocurrency ETC, Ethereum Classic, which it tracks. This was bewilderingly high performance.
ETCG went on to abruptly lose almost all of this value before Ethereum Classic even truly began its deflation from its high. ETCG is very volatile.
A couple of things to note from this chart:
1. ETC is now leading ETCG in growth - this will probably reverse in the coming weeks/months
2. Beware the sharp moves - ETCG makes big moves both ways and it doesn't stay up for long - don't be caught holding the bag!
3. On a short time frame (today) there is an example of #2 above - note ETCG moved 21.7% from close to high. ETC only 10.6% close to high.
I'll be honest, I'm coming back onto the charts from a series of massive losses in Bitcoin, Ethereum Classic, and other digital assets. But I told myself I would only post something positive if I'm in at least a 3 winning streak. My last 3 trades qualified, so I'll go ahead and say I managed 17% gain today on 2 trades across my account in ETCG. ETCG can deliver losses and gains so watch it.
Always do your own research before making any buying choices. The intuitive aspect of trading is huge.
And Enjoy!
ETCG went on to abruptly lose almost all of this value before Ethereum Classic even truly began its deflation from its high. ETCG is very volatile.
A couple of things to note from this chart:
1. ETC is now leading ETCG in growth - this will probably reverse in the coming weeks/months
2. Beware the sharp moves - ETCG makes big moves both ways and it doesn't stay up for long - don't be caught holding the bag!
3. On a short time frame (today) there is an example of #2 above - note ETCG moved 21.7% from close to high. ETC only 10.6% close to high.
I'll be honest, I'm coming back onto the charts from a series of massive losses in Bitcoin, Ethereum Classic, and other digital assets. But I told myself I would only post something positive if I'm in at least a 3 winning streak. My last 3 trades qualified, so I'll go ahead and say I managed 17% gain today on 2 trades across my account in ETCG. ETCG can deliver losses and gains so watch it.
Always do your own research before making any buying choices. The intuitive aspect of trading is huge.
And Enjoy!