Topic: Is BTC holding much better than USDT holding to buy ETH when price is down (Read 156 times)
August 25, 2018, 02:44:51 PM
You should not bother yourself by wasting much of your time,use USDT to by ETH, fee charging should not be the barrier and you will even pay lesser if you purchase directly as i said.
May 20, 2018, 06:19:57 PM
Assume that I bought 1 BTC and price is 8185 USD. I would like to buy ETH with all BTC. Price for ETH is 685 USD for now. In case, BTC is down to 7500 USD. I think that ETH price will be down also. On that situation, how do you think that buying ETH with BTC is more profitable than buying ETH with USDT. There is the transsction fee of 1% in binance. I am confused for that and I do not know how to calculate for break event point. Thank you all friends.
There is not an absolute answer for this, but for what I have seen in this market when both bitcoin and altcoins are going down altcoins have a tendency to go lower in price in a faster way, this means that it is way better to hold bitcoin than to hold any altcoin, which means there is no reason to hold tether in that particular scenario, but there may be circumstances in which the price of bitcoin decreases faster than the price of ethereum and in that scenario it would be better to hold tether.
May 20, 2018, 05:55:30 PM
Assume that I bought 1 BTC and price is 8185 USD. I would like to buy ETH with all BTC. Price for ETH is 685 USD for now. In case, BTC is down to 7500 USD. I think that ETH price will be down also. On that situation, how do you think that buying ETH with BTC is more profitable than buying ETH with USDT. There is the transsction fee of 1% in binance. I am confused for that and I do not know how to calculate for break event point. Thank you all friends.
There is not an absolute answer for this, but for what I have seen in this market when both bitcoin and altcoins are going down altcoins have a tendency to go lower in price in a faster way, this means that it is way better to hold bitcoin than to hold any altcoin, which means there is no reason to hold tether in that particular scenario, but there may be circumstances in which the price of bitcoin decreases faster than the price of ethereum and in that scenario it would be better to hold tether. May 20, 2018, 09:27:33 AM
why you look so confused, in my opinion you do not think too much about the cost.
you can buy directly BTC / ETH or ETH / BTC.yang important you have the funds to buy the coin.
I think this is a suitable time to buy the coin, because the price again while cheap.
you can buy directly BTC / ETH or ETH / BTC.yang important you have the funds to buy the coin.
I think this is a suitable time to buy the coin, because the price again while cheap.
May 20, 2018, 06:44:42 AM
Assume that I bought 1 BTC and price is 8185 USD. I would like to buy ETH with all BTC. Price for ETH is 685 USD for now. In case, BTC is down to 7500 USD. I think that ETH price will be down also. On that situation, how do you think that buying ETH with BTC is more profitable than buying ETH with USDT. There is the transsction fee of 1% in binance. I am confused for that and I do not know how to calculate for break event point. Thank you all friends.
Struggling is real, but if you have an USD accounts in your trading account, why not buy directly buy instead of buying BTC and then BUY ETH? i think you've gone different fees in it, this is only my assumption and computation, but i think its more convenient if you directly bought ETH through you US account., fees may be different but you can make a study before doing it in you account.
Anyway, i never experience that because my account is always a BTC and altcoins. have a great day mate, hoping for the best to come.
godbless
Thank you for the suggestions Friend! I am quite new for trading cryptocurrency. I wish you have a great success too!
May 19, 2018, 02:07:04 AM
Assume that I bought 1 BTC and price is 8185 USD. I would like to buy ETH with all BTC. Price for ETH is 685 USD for now. In case, BTC is down to 7500 USD. I think that ETH price will be down also. On that situation, how do you think that buying ETH with BTC is more profitable than buying ETH with USDT. There is the transsction fee of 1% in binance. I am confused for that and I do not know how to calculate for break event point. Thank you all friends.
Struggling is real, but if you have an USD accounts in your trading account, why not buy directly buy instead of buying BTC and then BUY ETH? i think you've gone different fees in it, this is only my assumption and computation, but i think its more convenient if you directly bought ETH through you US account., fees may be different but you can make a study before doing it in you account.
Anyway, i never experience that because my account is always a BTC and altcoins. have a great day mate, hoping for the best to come.
godbless
May 19, 2018, 01:57:49 AM
If you don't want to get eaten by the fee, you should buy directly btc/eth - eth/btc.
And if that bothers and makes you confuse you should have a fund for buying btc and holding it for long term so that you wouldn't bother yourself to convert again and again when the market starts to shake. Give yourself a break of having a plan for long term hold.
And if that bothers and makes you confuse you should have a fund for buying btc and holding it for long term so that you wouldn't bother yourself to convert again and again when the market starts to shake. Give yourself a break of having a plan for long term hold.
May 19, 2018, 01:33:34 AM
Assume that I bought 1 BTC and price is 8185 USD. I would like to buy ETH with all BTC. Price for ETH is 685 USD for now. In case, BTC is down to 7500 USD. I think that ETH price will be down also. On that situation, how do you think that buying ETH with BTC is more profitable than buying ETH with USDT. There is the transsction fee of 1% in binance. I am confused for that and I do not know how to calculate for break event point. Thank you all friends.
So you are in struggle between using up directly either USDT or BTC? Conversions would always tied up with fee if im on your situation i would rather directly buy ETH with BTC. USDT might have different price but on just a very minimal price gap.If you do hate fee then better on having 1 conversion rather than buying ETH by BTC/USDT-> ETH. Checking out that kind of transaction will really give more tx fee. May 18, 2018, 10:21:52 PM
Assume that I bought 1 BTC and price is 8185 USD. I would like to buy ETH with all BTC. Price for ETH is 685 USD for now. In case, BTC is down to 7500 USD. I think that ETH price will be down also. On that situation, how do you think that buying ETH with BTC is more profitable than buying ETH with USDT. There is the transsction fee of 1% in binance. I am confused for that and I do not know how to calculate for break event point. Thank you all friends.
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