Topic: Do you trade altcoins/BTC pairs? If yes, under which conditions? (Read 205 times)
I traded with the BTC-WAVES pair, as well as some other Altcoin such as BTC-ETH and BTC-DOGE, there are some who have decided to leave the market because the price is already high enough in my opinion and prefer to keep BTC until the end of this year. I have to admit that trading with BTC-Altcoin pairs can be much bigger profit if can choose altcoin correctly and enter and exit the market at the right time.
February 14, 2021, 10:08:47 PM
Yes, it is more difficult of course. With BTC-USDT pair, you don't have to mind the value of the other because it is stable. So you only have one side to be very careful about. With altcoin-BTC pair, you will be more focused because both prices are moving up and down. But I think the priority consideration with trades with altcoin-BTC is that you should forget about the dollar price. Since you are trading altcoin-BTC, your goal is to increase your altcoin or BTC, most probably your BTC.
February 14, 2021, 07:59:16 PM
When I am eyeing on altcoin with potential to increase its price in the market I usually traded alts to btc pairs. Not all of my btc holding converted to alts still I’m keeping some btc on my wallet since there’s also the chance to gains more profit on btc only. You also have to balance on which is sufficient that could bring profit in your portfolio.
February 14, 2021, 07:28:54 PM
Yes, if you feel that Bitcoin was increased hardly and there's a potential altcoin to invest while the price was dropped, that's might a good chance.
But I think this is very risky, instead of gaining profit on holding Bitcoin, you will most likely lose it because the altcoin you traded with Bitcoin might drop further and never increase, at this time you need to wait for a perfect time (I'm explaining about a long term trader).
Sometimes diverting your Bitcoin into altcoins will possibly gain profit, but that is not easy as that, you need to be careful. I'd rather hold my Bitcoin and wait until the price will surge too much in the market and then sell. But it's up to you if you're willing to risk your Bitcoin in potential altcoins.
But I think this is very risky, instead of gaining profit on holding Bitcoin, you will most likely lose it because the altcoin you traded with Bitcoin might drop further and never increase, at this time you need to wait for a perfect time (I'm explaining about a long term trader).
Sometimes diverting your Bitcoin into altcoins will possibly gain profit, but that is not easy as that, you need to be careful. I'd rather hold my Bitcoin and wait until the price will surge too much in the market and then sell. But it's up to you if you're willing to risk your Bitcoin in potential altcoins.
February 14, 2021, 06:55:27 PM
Trading against fiat or BTC pairs are solely depends on how you want to make your profit, beside there are some specific time or period you need to trade with btc pairs, when ever bitcoin is rising, stay away from xxx/btc pairs except you are a long term investor.
This picture can be helpful for a day to day trader.
This picture can be helpful for a day to day trader.
February 14, 2021, 06:28:17 PM
hi,
As title says, do you trade any altcoin (not stablecoin) with BTC? When you do that?
Not that much anymore. Before when it's not the bull run, I've been doing that and it's just like that the market won't move that much and that's why I've found that keeping it on BTC is the best decision ever and hassle-free.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
If it don't work for you, you should be good holding your bitcoin then. No need to do anything that would just cut the quantity of your bitcoin holdings. thanks
February 14, 2021, 05:20:16 PM
interesting...don't we all actually want more value in terms of fiat money in the end? What worth if BTC will drop to $10k one day while you could have a lot of fiat money?
Yes, we do but the altcoin market with Bitcoin is something a lot of traders use and earn money, its not about how much you earned but how you earned and which pairs you used. You can always convert your profit at the end of the day in USDT or BUSD (if you use binance) if you are worried about the price of Bitcoin falling.Us bitcoiners don't care about short term price crashes and price volatility in general, because we think that bitcoin is a great investment for the long term. Hence why we just focus on trying to stack as much BTC as possible.
Absolutely and there are still traders who don't care about the price of Bitcoins and just keep on working towards earning Bitcoins through trading and other means because they are not looking to sell bitcoins anytime soon and they are rather accumulators who will just save as many bitcoins as possible. Although, that said not everyone has the luxury to do that as many earn their bread by trading and need to cash their earnings. 
February 14, 2021, 05:10:33 PM
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.
Yes, I do trade altcoins pair with Bitcoins when I feel the Bitcoin market is about to go higher and the altcoin market won't be able to maintain the ratio in terms of Bitcoins. Like for example when bull-run started a few months back I knew TRX will not be able to keep up with the Bitcoin ratio so I converted by TRX I had into Bitcoins for the time being and now very recently as the TRX market started to bloom, I bought back into TRX and the pair moved higher.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.
This is how I benefit and profit from altcoin pairs but its not easy and you have to be very alert because most of the times altcoins are falling in terms of the BTC pair and there is a feeling we should hold them a little longer and wait for the market to recover.
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February 14, 2021, 01:23:14 PM
Personally I am not making any trade with BTC/alts pair. But yeah I am focusing on the btc/alts chart before making any investment. When seeing something good then try to invest in usdt pair also calculate the profit/lose in usd value.
It’s always very risk trading with btc pair during the bull runs.
It’s always very risk trading with btc pair during the bull runs.
February 14, 2021, 12:39:04 PM
Most of the times, it is difficult to understand without estimate dollar amount for altcoin pairs. Personally, I try to avoid unknown altcoin pairs. Trx, BNB, ADA is my first priority for altcoin trade pairs.
February 14, 2021, 12:36:32 PM
As title says, do you trade any altcoin (not stablecoin) with BTC? When you do that?
Altcoins are often falling when bitcoin increases or decreases in BTC values. I would like to trade altcoins with BTC pairs if bitcoin has a stable time. When bitcoin has a good stability after either a pump or a dump, altcoins will have good rises in BTC values.In many other conditions, altcoins will be down and you will end with loss if you trade altcoins with BTC pairs. In those times, you will get profit if you trade altcoins with USDT pairs.
February 14, 2021, 12:17:38 PM
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Again, it's going to be totally subjective. Us bitcoiners don't care about short term price crashes and price volatility in general, because we think that bitcoin is a great investment for the long term. Hence why we just focus on trying to stack as much BTC as possible.
On the other hand, if you think that bitcoin is NOT a good long-term investment, then just go with fiat/altcoin pairs. This is also totally fine.
Sometimes subjectivity in choosing altcoin comes from how much money does a trader hold as their capital, since altcoin prices are pretty much below Bitcoin and it's cheaper to buy and trade.
February 14, 2021, 07:55:17 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
Not stable coins are just active because of hype and yes its too risky to deal with them since they move unexpectedly and if you didn't monitor that much, expect to lose your position. Every time I see opportunity to trade I always took risk because even if its not a stable coins, those can still give a profitable trade and once in a lifetime trade. 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
February 14, 2021, 05:13:12 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
With experience you will learn and find that trading with btc is little difficult but the returns are awesome. Also it is ok if you trade with USDT pairs as by doing so you are increasing your usd. I prefer to trade with btc pairs so i could increase my bitcoins. Anyways as long as you are generating profit, you can trade with any pair.
February 14, 2021, 05:12:42 AM
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.
It is because when you trade bitcoin/altcoin you are speculating something that is not actually predictable because majority of altcoins are complete pump and dump schemes and that is not predictable.But when you trade bitcoin/stablecoin you are actually speculating bitcoin price and there is no difference between trading bitcoin/USD versus bitcoin/stablecoin as far as the price is concerned (it is a lot riskier to use a satblecoin since they are centralized altcoins).
I sometimes do both but mostly whenever there is a good shitcoin pump going on and I want to make profit from that pump. Suffice it to say that I dump the shitcoin very soon because I don't want to become a bagholder.
February 14, 2021, 04:48:08 AM
interesting...don't we all actually want more value in terms of fiat money in the end? What worth if BTC will drop to $10k one day while you could have a lot of fiat money?
Again, it's going to be totally subjective. Us bitcoiners don't care about short term price crashes and price volatility in general, because we think that bitcoin is a great investment for the long term. Hence why we just focus on trying to stack as much BTC as possible.
On the other hand, if you think that bitcoin is NOT a good long-term investment, then just go with fiat/altcoin pairs. This is also totally fine.
February 14, 2021, 04:21:51 AM
interesting...don't we all actually want more value in terms of fiat money in the end? What worth if BTC will drop to $10k one day while you could have a lot of fiat money?
Why not have both? In the end, it depends on which risk you take. Fiat will continue to lose its purchasing power and in the next 10 years or so your BTC could worth more than $100k, or nothing at all because it failed to function properly. There are dozens of strategies to make money, and it depends heavily on your own circumstances. For example, if I have $150k profit in crypto, I'll sell $100k and convert to P2P lending. The rest will be in crypto. I'll take a look at every 4 years or so to rebalance my portfolio.
February 14, 2021, 03:08:47 AM
For me, I am trading based on what I want to increase, USD/stable coins balance or Bitcoin balance.
And also, I am considering the volatility of Bitcoin these days, that's why recently I switched from Bitcoin pairs to stablecoins pairs, especially if you are using futures market with stablecoin.
Additionally, if you are sensitive on the technical analysis, analyzing the BTC pair and stablecoin pair at the same time helps you why you consider trading on BTC pair only or in stablecoins pair only.
And also, I am considering the volatility of Bitcoin these days, that's why recently I switched from Bitcoin pairs to stablecoins pairs, especially if you are using futures market with stablecoin.
Additionally, if you are sensitive on the technical analysis, analyzing the BTC pair and stablecoin pair at the same time helps you why you consider trading on BTC pair only or in stablecoins pair only.
February 14, 2021, 03:07:07 AM
interesting...don't we all actually want more value in terms of fiat money in the end? What worth if BTC will drop to $10k one day while you could have a lot of fiat money?
February 14, 2021, 02:41:03 AM
As title says, do you trade any altcoin (not stablecoin) with BTC?
Yes. In fact, I almost never trade stablecoin/altcoin. Simply because when I trade cryptocurrencies, literally 100% of the time my main intention is to increase my BTC stack, not my USD stack.When you do that?
Pretty simple: when I think a certain altcoin is going to have a temporary spike-up in price.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
Different strokes for different folks. 
If your main intention is to just make money in terms of fiat, then there's really nothing wrong with trading stablecoin pairs. 
February 14, 2021, 02:33:07 AM
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.
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.
February 14, 2021, 02:23:38 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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