Depends on why you want to invest. I have seen people who invest just for cash, in order to get richer in dollars, and I have seen people who do that for bitcoin and have more bitcoin. At the end they all want to get rich in dollars obviously, but having a lot more bitcoin would mean having a lot more dollars as well, so that is why some people prefer bitcoin since fiat is not a good currency to keep your money in, but bitcoin is a great one.
I personally would prefer to get richer in bitcoin, that would allow me to get richer in dollar anyway meanwhile keeping my money in something I know I can trust and will not be hurt by the bad stuff going on in the fiat world neither. But like I said, this is your own personal choice and if you want to pick dollar or USDT you could do that without a trouble, it would benefit you as long as you can profit in either one of them.
Topic: Take Profits in BTC or USDT (Read 1264 times)
There is some confusion when it comes to BTC Market or USDT Market and sometimes it is difficult to decide to take profit in which currency, BTC or USDT.
I give you an example here and hope anyone can explain in detail.
ETH was 0.035 BTC few months ago and it was around 400$ USD. I did not took the profit and did not sell Eth.
Today, ETH is 0.028 BTC but in USD it is around 540$. (buz BTC price is high)
Now if i had sold it earlier at 0.035 BTC, so today's its worth would have been 660$.
So what's is the best approach in this case to get the maximum profit ?
It depends on which country you are from and what the currency of your country is to 1 Dollar, if the conversation rate is good enough I don't see any reason not to convert to Fiat straight away so you are the only one that can make this decision I give you an example here and hope anyone can explain in detail.
ETH was 0.035 BTC few months ago and it was around 400$ USD. I did not took the profit and did not sell Eth.
Today, ETH is 0.028 BTC but in USD it is around 540$. (buz BTC price is high)
Now if i had sold it earlier at 0.035 BTC, so today's its worth would have been 660$.
So what's is the best approach in this case to get the maximum profit ?
The purposes of these currencies are different. The first, bitcoin, is a pure cryptocurrency, with all the characteristics inherent in this type of asset - a speculative asset, high volatility, significant jumps in value, and not always with objective reasons. The ability to both earn and lose. The second is stablecoin, the goal of which has always been to fix profit / loss, and "sit out" in a safe haven in difficult times, in the analogue of fiat, without unnecessary steps to convert crypt into fiat.
Therefore, the first one can form a profit, the second one cannot.
Therefore, the first one can form a profit, the second one cannot.
How do you even take profit with btc! I always thought selling for profit is only through usdt because you are cashing some part of your investment, if you keep btc it will still be an investment but in usdt is different because it is a stable coin which act like fiat.
True, for an investment that is clearly profitable is in BTC not in stable tokens like USDT, now because investing in BTC can be profitable, it can also be detrimental if the moment is not right when we invest, this is what must be kept in mind, as well as USDT, because it is a stable token, the potential for loss is also very small.How do you even take profit with btc! I always thought selling for profit is only through usdt because you are cashing some part of your investment, if you keep btc it will still be an investment but in usdt is different because it is a stable coin which act like fiat.
Its possible if you are scalper that looking to increase your BTC holdings. How will you calculate profit? It base on the increase of your BTC holdings . For example you have 0.1 and sell it at high price and rebuy back when the price is lower which led to your holdings being set at 0.11 Then you already have profit of 0.01 BTC that you cans sell what ever amount you like.
That trading will only work if you want to increase BTC holdings and you don't care about Bitcoin price volatility.
Yeah but at the end he is still selling that extra btc of 0.01 to usdt if he wants to take profit or except he will only use the 0.01 btc to buy something directly or invest on another project or just let it continue to grow,
if you taking profit in usdt it means you don't have the intention to continue to grow your investment because usdt is stable and if you take profit in btc there is big chance for that profit to grow even higher.
the calculation of your profit could have been better now because btc unexpectedly continued to skyrocket and you will see that the btc equivalent of eth are going to be much lower but you dont need to panic because lower btc rate simply means that eth price have growned alot .
no need to confuse yourself but its okay to check the coins price in local fiat rates so that you will know if you will want to sell or not . theres a question simillar to this last day but his concern is alt and btc instead of usdt and btc .
no need to confuse yourself but its okay to check the coins price in local fiat rates so that you will know if you will want to sell or not . theres a question simillar to this last day but his concern is alt and btc instead of usdt and btc .
How do you even take profit with btc! I always thought selling for profit is only through usdt because you are cashing some part of your investment, if you keep btc it will still be an investment but in usdt is different because it is a stable coin which act like fiat.
Bitcoin will be the best pair to be used when you are in the bullish trend> when the massive sell trend will happen and people will be moving to use USDT as the best option to convert your crypto. that says if people can decide which pair that will be used by them based on what kind of situation they have faced it, dude.
We can't determine that if we are not yet seeing the situation.
I would always choose to have it in bitcoin. USDT can hold your address and balance. The lesson that I've learned in the past and get bitcoin as much as you can because you will never know when it will start pumping.
And the pump comes so, if you have been buying or taking profits in bitcoin, you're part of the people who are enjoying and happy with the pump for bitcoin. That's why it's always the best idea to take bitcoin, bearish or bull markets. In bulls, you can sell it if you want to quickly.
And the pump comes so, if you have been buying or taking profits in bitcoin, you're part of the people who are enjoying and happy with the pump for bitcoin. That's why it's always the best idea to take bitcoin, bearish or bull markets. In bulls, you can sell it if you want to quickly.
How do you even take profit with btc! I always thought selling for profit is only through usdt because you are cashing some part of your investment, if you keep btc it will still be an investment but in usdt is different because it is a stable coin which act like fiat.
Its possible if you are scalper that looking to increase your BTC holdings. How will you calculate profit? It base on the increase of your BTC holdings . For example you have 0.1 and sell it at high price and rebuy back when the price is lower which led to your holdings being set at 0.11 Then you already have profit of 0.01 BTC that you cans sell what ever amount you like.
That trading will only work if you want to increase BTC holdings and you don't care about Bitcoin price volatility.
Depends on the current trends.
When the market is generally in Bull mode, I'm taking 70% of my trading profits in Btc/Alts and 30% in USDC/PAX.
And vice-versa. When the market in Bear mode, I'm taking 70% of my trading profits in USDC/PAX and 30% in Bitcoin/Alts.
When the market is generally in Bull mode, I'm taking 70% of my trading profits in Btc/Alts and 30% in USDC/PAX.
And vice-versa. When the market in Bear mode, I'm taking 70% of my trading profits in USDC/PAX and 30% in Bitcoin/Alts.
How do you even take profit with btc! I always thought selling for profit is only through usdt because you are cashing some part of your investment, if you keep btc it will still be an investment but in usdt is different because it is a stable coin which act like fiat.
trading might be better to BTC. because this will make it easier for us to get profit, but for withdrawal I think USDT is the best way right now where USDT is a stable coin and is useful for stabilizing profits
My recommendation is that on the off chance that you put stock in Bitcoin and you need to hold it for long haul to take benefits in BTC. The best to take benefit effectively is to changing your token over to your unique resource. You can't get all the occasion to pick up when you convert into something.
Take your profit in usdt in my opinion, even if you take in btc it could dump and that profit value will reduce but in usdt that won't happen beside the value in btc when you bought it and now has changed - meaning it has reduce but increase in usdt, so the wise thing to do is take profit in usdt as it is more stable.
always trade only btc pair, the real value gain, usdt its for cashout
when you trade alt to usdt and you happy for their gain because btc up, lol... just sitting in btc doesnt need to trade on alt, you get the same result
the real gain is on btc pair
when you trade alt to usdt and you happy for their gain because btc up, lol... just sitting in btc doesnt need to trade on alt, you get the same result
the real gain is on btc pair
This is the basic way I like, and with this the asset gets collected as bitcoin and nothing to muddle. Until you're acquainted with exchanging sets it is the most ideal decision. The alternate way is sell into btc if focusing on a high opportunity to procure benefit since cost esteem likewise of bitcoin is expanding this time. So we have a decision on what ways we can take benefit.
BTC and USD are two different currencies. USD will have a high value if the world economy is experiencing turmoil, such as the one caused by Covid 19. while BTC has a very high price if demand increases [high bank interest rates]
The demand has been coming from the various institutional investors and the majority were coming from the fund management platform. People can convert their coin into the stable coin when they are seeing if it has no prospect to convert it into the bitcoin but when bitcoin is still bullish right now and it's better to take bitcoin.
I have been converting all of my coins to the bitcoin as i know that the bullish trend for bitcoin will happen and it comes right now.
For newbies or less-experienced traders, I advise taking profits and tracking the portfolio statistics in USDT. The BTC dominance usually plays around the high resistance levels, so the stable coin based profit will make everything easy. Of course, experienced traders will prefer to sell the altcoins in BTC pairs because they will not need to pay trading fees twice. The BTC profit is better option because of increasing value but for USDT profit realization the profit ratio can be higher or lower depending on the market rate.
This forum spent more time on Bitcoin and Ethereum than the new projects in Announcement section in previous years, I think this topic is right now. Bitcoin should loss its market dominance when altcoin season resume, Ethereum will regain its dominance but may not be like in previous year, So it will be smart to move to Ethereum as bitcoin loses dominance maybe to achieve 0.1 btc, at this price buy back bitcoin.
There is some confusion when it comes to BTC Market or USDT Market and sometimes it is difficult to decide to take profit in which currency, BTC or USDT.
I give you an example here and hope anyone can explain in detail.
ETH was 0.035 BTC few months ago and it was around 400$ USD. I did not took the profit and did not sell Eth.
Today, ETH is 0.028 BTC but in USD it is around 540$. (buz BTC price is high)
Now if i had sold it earlier at 0.035 BTC, so today's its worth would have been 660$.
So what's is the best approach in this case to get the maximum profit ?
It all depends on the market and how different coins move but considering the current scenario it is better to take profits in btc and keep accumulating btc untill we can say that it has peaked with a new multi year high price and then you can start moving to alts or usdt for even more profits. I give you an example here and hope anyone can explain in detail.
ETH was 0.035 BTC few months ago and it was around 400$ USD. I did not took the profit and did not sell Eth.
Today, ETH is 0.028 BTC but in USD it is around 540$. (buz BTC price is high)
Now if i had sold it earlier at 0.035 BTC, so today's its worth would have been 660$.
So what's is the best approach in this case to get the maximum profit ?
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