Anyone keep their trading capital in btc? - page 2.

LimLims

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Quote from: thegoatiest on April 26, 2019, 05:23:22 AM

Hi,
I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

I can openly, say that i do the same.
Whenever i trade or buy any coin, i always compare its value with BTC.
I still wonder why i do so, but can't get the answer myself.
Maybe because BTC is considered as the backbone of cryptocurrency, for that reason i do so.
I mainly trade in Binance and yes there my trading capital is BTC and i find it easier to trade with that.

Coin-Desk

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Yes, many people now keep their trading capital in BTC. In my opinion, it is actually profitable when Bitcoin value increases and their increased capital increases. There are many people who keep BTC from the capital acquired from trading. Bitcoin value has always been increasing, but now the price has decreased, but it will increase again in the future. As a result, those who keep their capital in BTC will benefit from rising prices.

leowonderful

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I mostly trade to increase my BTC stash as well, though I do cash out on some occasions to fiat for when emergencies come up or unexpected costs arise. I used to dabble with stablecoins like Tether in the past as well, though I mostly just keep my trading balance on Bitmex and do a few trades here and there.

If you're looking for other stablecoins to use instead of Tether, though, USDC and TUSD are two alternatives that I see being mentioned a lot. USDC is backed by Coinbase AFAIK, should be better than Tether for that reason alone.

Mpamaegbu

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Quote from: thegoatiest on April 26, 2019, 05:23:22 AM

Hi,
I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

I think it's not a good thing to tether one's Bitcoin at this time because it's looking like a bull run for Bitcoin now. Doing that may likely leave your investment depreciated. In 2018, that sad experience with market crash gave rise to so many stable coins coming up to serve as tethering alternative and these coins are doing very well now, I must say. But I am better off leaving my investment in BTC than tethering them right now.

Lakai01

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Quote from: wuvdoll on April 28, 2019, 12:53:30 PM

I am one of those people and when I think bitcoin is going to go low I just turn into fiat on the exchange and than I try to buy at what I think is the bottom and when I think its going to go higher I just keep holding it basically so those are my basically shorts and longs and I never risk anything above my money.

Out of curiosity ... do you leave your BTC at the exchange or transfer it back to a safe wallet? If I send my coins back and forth every time, I probably would have lost money quickly due to the transfer fees ;-)

wuvdoll

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Quote from: thegoatiest on April 26, 2019, 05:23:22 AM

I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

Most people literally do this by just keep buying or selling instead of doing anything more? I mean if you are looking for just people on bitmex I am sure most people on bitmex use leverage or do futures and shorts in order so they could be the favorite part of the bitmex since there is no reason to trade there if you are not going to do any of those things but there is literally billions of dollars going around in binance where there is absolutely no futures or leverages going around neither.

I am one of those people and when I think bitcoin is going to go low I just turn into fiat on the exchange and than I try to buy at what I think is the bottom and when I think its going to go higher I just keep holding it basically so those are my basically shorts and longs and I never risk anything above my money.

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Quote from: Yaunfitda on April 28, 2019, 08:10:53 AM

Quote from: thegoatiest on April 26, 2019, 05:23:22 AM

Hi,
I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

I seem to not understand your questions. Anyways, here are my thoughts:

Obviously, traders are into bitcoin, (at least in my case and from what I read above). I don't practice hedging, I immediately withdraw if I profited already to my personal wallet which I have control with. And then see what the current sentiments before investing again, rinse and repeat.

OP is just saying that, this Bitcoin is a volatile crypto (we all know that). So if you invest say $1k into bitcoin to trade, do you always hold the 1k capital in dollars? or only in BTC? If you hold it in USDT, then you protect yourself from volatility and you always know you have $1k. Therefore holding it in dollar value stablecoins is a form of hedging. That's all.

I hold only in BTC because I am anyway a long term holder.

BitBustah

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Quote from: mk4 on April 28, 2019, 02:31:14 AM

I personally trade a lot of altcoins, just to increase my funds in BTC, not in USD, as I do trading on the sideline only anyways; Just solely to increase my BTC stack for the long term and not as fiat income.

I do the same thing when I trade but I do it sparingly. I try to pick up altcoins if the btc ratio drops really low and attempt to flip it for a small gain. I wouldn't suggest trying to trade for only USD gains because this market can move rapidly fast and you will be left behind with a stack of dollars when you should of been in crypto.

rachellee

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Quote from: thegoatiest on April 26, 2019, 05:23:22 AM

Hi,
I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

Yeah, many traders do that, as most are comfortable with BTC being their center coin. Remember that BTC is still the top 1 coin so it's safer and more practical to keep your trade in it. Besides, it's easier to convert it to fiat if you want to cash out, or with any other coin if you want to accumulate more of it.

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Quote from: thegoatiest on April 26, 2019, 05:23:22 AM

I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long.

I always keep my capital in BTC most of the time, only convert to Fiat when I need cash in real life
basically it depends on trading focus/preference of each trader... BTC/Fiat or BTC/altcoins markets
I think big capital traders most likely will concentrate on BTC/Fiat markets, hence Fiat based trading
while most medium/low capital traders keep their capital in BTC, trading altcoins to increase BTC holding amount

Yaunfitda

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Quote from: thegoatiest on April 26, 2019, 05:23:22 AM

Hi,
I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

I seem to not understand your questions. Anyways, here are my thoughts:

Obviously, traders are into bitcoin, (at least in my case and from what I read above). I don't practice hedging, I immediately withdraw if I profited already to my personal wallet which I have control with. And then see what the current sentiments before investing again, rinse and repeat.

milewilda

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Quote from: thegoatiest on April 26, 2019, 05:23:22 AM

Hi,
I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

If you do mean on storing their trading capital on exchange platforms then for sure there are really people who does because when theres an opportunity on making some
orders you can simply execute it when the funds is already on the exchange yet we do know that time is precious here on crypto,missing out some precious time will already
miss you out the profit opportunity.On my case,i do trade randomly thats why when im done on exiting and profiting i do usually pull out my funds and find for another opportunities
and same as others here,i do accumulate BTC rather than with TUSD.

deisik

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Quote from: thegoatiest on April 26, 2019, 05:23:22 AM

Hi,
I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short

I'm not sure I understand what you mean to say

Unless you are actually asking whether people are storing their capital in their exchange accounts. Some people surely do, but this is not a good idea overall, for reasons which should be obvious. If you in fact mean using your capital to do margin trading (as collateral), then it is what margin trading is essentially for (i.e. to leverage your capital and let you earn more). Obviously, quite a few people are doing that thing. I for one do basically the same at Bitfinex (apart from minimizing the risks associated with the exchange itself)

Pursuer

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the only reason why I trade is to increase the amount of bitcoin capital that I have! so hell yeah I keep my capital in BTC. the only time that I make an "exit" is whenever I need money or I see a huge rise and the possibility of a bubble and I want to take some fiat profit out so I sell a small amount to cover the profit and eventually buy back the bottom after the bubble burst.

Mrengage

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With the situation of things in Cryptocurrency today many have moved their funds to Fiat and Also adoption of other Crypto altcoin like ETH and the rest have you.

emberbekas

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Quote from: thegoatiest on April 26, 2019, 05:23:22 AM

Hi,
I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

When I don't have a position, I will save my money on fiat on my local exchange. When I think there is a good time to enter to the market then I will buy some bitcoin for short-term trading until I reach my target profit. Btw, I have few other bitcoin in my personal wallet that I don't use for trading. It's for future use.

mk4

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I personally trade a lot of altcoins, just to increase my funds in BTC, not in USD, as I do trading on the sideline only anyways; Just solely to increase my BTC stack for the long term and not as fiat income.

Thanasis

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Quote from: thegoatiest on April 26, 2019, 05:23:22 AM

Hi,
I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

I am keeping my crypto capitals in bitcoin and in some altcoins but stored mkat of them in my wallet not in any exchanges.Some people think it is better to keep in stable coins or in fiat but they won't get the benefits of price swings if they do.

Gaff

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Quote from: Jating on April 27, 2019, 01:07:05 PM

Of course investors or speculators will always keep their trading capital. Maybe the question is what are they going to do with their profits.

Others move funds around, say invest on altcoins and then get out as soon as they hit their exit plan and then rinse and repeat, while others wait for bitcoin to dip and enter again. I don't like hedging though, I would rather move funds around to keep my profits going.

We can be sure for our funds to be kept going these days while the market was so volatile, while still recovering towards the highest price. The safest way indeed was keeping our funds on btc is the perfect strategy to do, and if you find a good coins to invest for you'll buy instantly as you're funds ready at your wallet. Don't risk moving funds to an uncertain project when you're in doubt, so make sure btc trading capital will be used wisely.

pixie85

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I do. My goal is to get as much BTC as possible so whenever I invest in altcoins or claim giveaways it's going to be converted to bitcoin. I don't use USD and I don't need it. If I wnt fiat money I get EUR. I almost never spend my coins I'm earning fiat at work and I spend it every day but I collect cryptocurrencies.

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