Currently I have sold DOGE due to the bullrun but I did that against USDT - the reason being very simple: If I were to sell DOGE for BTC, the amount of BTC I would get back would be much less compared to what can get if I use the same USDT to buy BTC when BTC drops. This recycling is important and since I am bullish on BTC, it makes sense to me to accumulate more BTC.
USDT is only an intermediary here, no hopes of holding on to it.
Now coming to your queries, I personally feel using the stablecoin intermediary is a good option to maximize the possible profit. It does include the risk of losing out in case Tether breaks down which many people ponder on. That is one risk that you have to take.
This liquidity issue with Altcoin<>BTC takes place during a bull/bear run only.
Topic: Do you trade altcoins/BTC pairs? If yes, under which conditions? - page 2. (Read 223 times)
February 14, 2021, 01:33:07 AM
February 14, 2021, 01:23:38 AM
hi,
As title says, do you trade any altcoin (not stablecoin) with BTC? When you do that?
I tried it once when I started trading, it didn't go well for me and I find it more difficult than trading against stablecoins pairs.
thanks
As title says, do you trade any altcoin (not stablecoin) with BTC? When you do that?
I tried it once when I started trading, it didn't go well for me and I find it more difficult than trading against stablecoins pairs.
thanks
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