Knowing when to trade altcoins with btc vs fiat/stablecoins - page 2.

isaac_clarke22

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Quote from: JeromeTash on March 14, 2021, 04:55:45 PM

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Indeed. That's why when I pair up my trades back then, the primary coin would be ETH then I'll just choose the pair that I think that suits the best for it.
One of my notable pairs back then was ETH/ADA.

@OP
The time that you would trade alts with stablecoins is to extract your profits from it to avoid the instability of the coins in the market.

yazher

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You own the pen

Altcoin to fiat seems the easy way and if you are used to trading with that, you can try the ETH to another Altcoins or BTC to another altcoins method. There is also some altcoin trading method that only those professional traders know because they made that method and when it works for themselves, they rarely share it with the others so you need to find your own phase because in your personal experience you will gain some skills that other won't talk about it and just start with small capital for trying your way of trading.

galestorm

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Futurov

I always trade altcoins for fiat. Im not a big fan of HODL which is what you'll eventually do when you have BTC on your wallet. It depends on your preference, If you want to double your profits then I suggest you do altcoin to BTC, though this would take a long time. If you want to get a hold of your money instantly then i suggest trading to fiat.

poodle63

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It really depends to your preference, you want to try accumulate more and more of BTC then trade in BTC pair but if you just want to make a profit out of altcoins and don't really want to accumulate BTC or holding it for long you can trade in fiat pair.
but trading in market with altcoins with btc pair you need to be aware of bitcoin price movement aswell.

Rengga Jati

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Quote from: randomuser789 on March 14, 2021, 03:15:57 PM

-snip-

It depends on how your strategy and risk management.
Simply, converting to Bitcoin will make your asset is volatile and it will fluctuate. You may get another profit from converting to Bitcoin but also can make some loss after converting to BTC because of the fluctuation price of the BTC itself. However, if you are really ready and brave to take the risk, you may meet with the higher price of the BTC itself and then sell the BTC when the price goes higher.
Vice versa, if you are not a risk-taker, it is better to convert to stablecoin (I commonly prefer USDT, but there are still some other types of stable coins). Moreover, if you use stable coins, you can also easily use them for other trading.
So basically, it will depend on that time condition and how you will use it further.

goaldigger

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Keep on searching and find your own strategy when to trade any kind of coins or project.

The best time is always depend on you, on how you see the market and not just because of someone told you to do so. Knowing when to trade is a good one, though its not easy to do so and that’s why you have to make sure you know what to do.

I don’t suggest that you follow those chart analysis online because its someone’s work, and their strategy might not fit for you and that’s risky mate. Do your own chart analysis, and be confident with it.

bct-user

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It seems you already googling read some information about this, so just choose which pairs having more advantages at that time. If you see the drop in stable coins, you can trade your coin with stable coins like USDT, TUSD, BUSD, etc. But if the stable coins are increasing and Bitcoin is dropping its value, you can trade your altcoins with Bitcoin.

Kelvinid

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win lambo...

Quote from: randomuser789 on March 14, 2021, 03:15:57 PM

Hi,

I am having a hard time understanding when it is more beneficial to trade altcoins/btc pairs vs altcoins/fiat(stablecoins) pairs. I always thought the name of the game was to accumulate more btc but I almost always see charts, posted publicly (twitter/internet), of altcoins vs fiat(stablecoins).

Any knowledge will be greatly appreciated!

That actually really hard to understand since you are new to this market. Reading trading books, searching and watching tutorials will eventually give you soon the idea and knowledge that you want and the fact that this is not a contest, therefore we are not to rush but must have to prepared everything before we start.

What I could suggest is that have a person that you trusted most (not from online), a trader, of course, that serves as your mentor, this might fasten your understanding towards trading.

lalabotax

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I think that it will depend on the moment condition.
I will prefer to trade with the BTC pair if the price of BTC is decreasing so that I can hold the BTC until the price is rising. This will make double profits. But I never sell using BTC pair when it is rising up.
Vice versa, I will prefer to use stable coins when the Bitcoin price is rising or the stable coin is decreasing. This is a most secure pairing transaction.

makishart

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Quote from: randomuser789 on March 14, 2021, 03:15:57 PM

Hi,

I am having a hard time understanding when it is more beneficial to trade altcoins/btc pairs vs altcoins/fiat(stablecoins) pairs. I always thought the name of the game was to accumulate more btc but I almost always see charts, posted publicly (twitter/internet), of altcoins vs fiat(stablecoins).

Any knowledge will be greatly appreciated!

That depends on what kind of situation that you are facing it right now. When the market was very bullish for bitcoin and trade it for bitcoin and otherwise when it was getting opposite trend and trade it for USDT to secure your position.
When you are trading it for bitcoin at the bearish trend time and you are only wasting your money consider the price of bitcoin will be dumped again and again.
The trend is the key.

Twinkledoe

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Quote from: seoincorporation on March 14, 2021, 06:28:09 PM

You can exchange bitcoin for alts any time you feel the lt will bump, but fiat and stable coins are a nice way to get profit while bitcoin crashes. If you think $60k is the top and after this bitcoin will start going down, then you should move to a stable coin to wait while bitcoin crash, and when you feel ready you can buy again bitcoin, this move will make you end with more bitcoins for the next bump.

Good luck and happy trading!

In time, the OP will understand what you are saying here. Because I think, he is very new to crypto trading and he is still grasping what crypto trading is. Since the OP doesn't know yet the pros and cons of trading alts with btc vs stablecoins, he needs to use small funds first. He can trade alts with btc and some with stablecoins. And see what will be the impact on his funds few days or few weeks. At least get the idea what may happen when he chooses one over the other. He needs to experience both so he will know the possible influence to his investments.

coinswebid

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Quote from: randomuser789 on March 14, 2021, 03:15:57 PM

Hi,

I am having a hard time understanding when it is more beneficial to trade altcoins/btc pairs vs altcoins/fiat(stablecoins) pairs. I always thought the name of the game was to accumulate more btc but I almost always see charts, posted publicly (twitter/internet), of altcoins vs fiat(stablecoins).

Any knowledge will be greatly appreciated!

for me its depending on what is the main purpose from your trading activity mate
if you want to collect more bitcoin, i think you can trade your altcoins in bitcoin pairs, but if you want to get some cash i think trade on alts with stablecoins will be a good idea my friend

seoincorporation

legendary

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You can exchange bitcoin for alts any time you feel the lt will bump, but fiat and stable coins are a nice way to get profit while bitcoin crashes. If you think $60k is the top and after this bitcoin will start going down, then you should move to a stable coin to wait while bitcoin crash, and when you feel ready you can buy again bitcoin, this move will make you end with more bitcoins for the next bump.

Good luck and happy trading!

TribalBob

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It is difficult to see, I personally prefer to transact ALT - USDT at this time, because for me it is quite profitable, but it does not prevent me from also installing on ALT - BTC and ETH depending on the offers they offer

JeromeTash

legendary

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Heisenberg

It's hard to follow altcoin/BTC pair

For example during this bull run, the ETH/BTC price has been dropping but in actual sense the fiat value of the price has been rising because of the rise in the BTC price. So you would say altcoin/BTC pair is good for bull run while altcoin/fiat is good for bear market. But you will have to follow close movements between Altcoin/BTC pairs before buying and selling.

Reason?
In bull run When you are not trading, your asset value still rises. If you use fiat, it won't rise and vise versa for the bear market.

batang_bitcoin

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Trade on whichever pairs you're happier to do and profitable to do. You can always trade through bitcoin pairs even if you're doing it with altcoins and stable coins pair.
When you have the stable coins already and you've made a profit from it. You trade those with bitcoin so you gain bitcoin as you trade which is the exact plan.

randomuser789

newbie

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Hi,

I am having a hard time understanding when it is more beneficial to trade altcoins/btc pairs vs altcoins/fiat(stablecoins) pairs. I always thought the name of the game was to accumulate more btc but I almost always see charts, posted publicly (twitter/internet), of altcoins vs fiat(stablecoins).

Any knowledge will be greatly appreciated!

Topic: Knowing when to trade altcoins with btc vs fiat/stablecoins - page 2. (Read 261 times)