Topic: Take Profits in BTC or USDT - page 3. (Read 1264 times)
It is better to take advantage of USDT from BTC for exchange Although the price of Bitcoin is rising but investing in USDT and the currency is stable. Even if the price goes down, it doesn't have much effect on the currency But Bitcoin's market is not stable. Even if the price goes up it goes down again So I think it is the right decision to convert to USDT to make more profit If the market can be considered properly, it is possible to make a profit from both sides.
Most of the time I take profits in BTC. Risking my profits to generate more USD value whenever bitcoins price pumps after taking profit on any other coin that I'm trading.
If you are willing to take risk then convert it to BTC because by that you can either lose your profit or earn more profit whenever bitcoins price rise up and vice versa when bitcoins price goes down. Taking profits in USDT isn't bad at all anyways profit is profit if you want to go safe on your trade profits go directly on USDT then.
If you are willing to take risk then convert it to BTC because by that you can either lose your profit or earn more profit whenever bitcoins price rise up and vice versa when bitcoins price goes down. Taking profits in USDT isn't bad at all anyways profit is profit if you want to go safe on your trade profits go directly on USDT then.
based on my experience, I always take profits in USDT, because it's the stable one.
with the current market situation, it should indirectly give you the answer to your question.
take your profits when you can, use fiat/stablecoin, don't be greedy, wait for another momentum, be realistic.
also, I have a plan to secure my capital first when the market is up.
for example, I trade $100 for BTC. when the price is up by 10%, I will take back my capital which is $100.
and I will leave the rest (10%) as it is, as my win-win trade.
with the current market situation, it should indirectly give you the answer to your question.
take your profits when you can, use fiat/stablecoin, don't be greedy, wait for another momentum, be realistic.
also, I have a plan to secure my capital first when the market is up.
for example, I trade $100 for BTC. when the price is up by 10%, I will take back my capital which is $100.
and I will leave the rest (10%) as it is, as my win-win trade.
Yeah that's a quite good question solution. I think its always better to convert in usd value stablecoin currencies. It's kindda like if I want to take profit in usdt so I need to convert in usdt not in btc. Even u can hold the value.
There is some confusion when it comes to BTC Market or USDT Market and sometimes it is difficult to decide to take profit in which currency, BTC or USDT.
I give you an example here and hope anyone can explain in detail.
ETH was 0.035 BTC few months ago and it was around 400$ 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 ?
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 ?
Though question is very good but answer is very simple you don't need to think which currency is profitable just think when you want to take profit, it is also simple just take your profit when the price is high don't think about value. Or if you want to compared then you can but my suggestion when the price gose high don't convert your crypto to unstable coin try to convert it stable coin like usdt. And then buy again when others currency gose down. Don't exchange into btc. So choose usdt when you in profit.
I mean if you do play it safe , a stable coin like usdt is your answer, but when you looking for more profit, more than just your trading profit but a long term profit then i think taking profit in bitcoin with the right momentum always better.
Here lets take an example , the lowest price of waves coin occured in usdt at around 0.6 usdt last year in december when the bitcoin price swinging from 9000 usdt down to 7000.
Imagine if you takes profit in bitcoin rather than usdt , how much the profit you will have now?
Waves price increased 10times , bitcoin price increased 2 times but in waves-btc pair increased 5 times.
You bought 1000 waves worth 600 usd , sell it now for 6000 usd
You bought 1000 waves in bitcoin worth 0.00007 0.07 equal to 600 usdt , sell it now at 0.00035 for 0.35 equal to 6000 usdt , it is same but momentum make the difference!
You can gain more than just the average people if you takes profit in bitcoin and gets the momentum at the same time.
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 ?
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 ?
If we talk about today, when we see a red market, and it is not known whether the price will go up or not, you need to fix profits in stable coins, such as USDT, or wait for the next rise. If we take the example of a similar situation that occurred a few years ago, most likely in the near future the market will be green again.
It's attitude dependent. I have some shitcoins. I have some bitcoins.
The Bitcoin I believe in and want to keep hold of that but I also have fiat costs. I'd rather get rid of the shitcoins to meet those costs so for me they're priced in fiat and I don't care what their BTC ratio is.
Could they eventually harvest much more BTC? Sure. But if the right price arrives I'm getting rid. They won't be up there for long and that ratio may be up there when the Bitcoin priced measure in fiat is much lower. I ain't sitting through another obliteration to realise that profit.
The Bitcoin I believe in and want to keep hold of that but I also have fiat costs. I'd rather get rid of the shitcoins to meet those costs so for me they're priced in fiat and I don't care what their BTC ratio is.
Could they eventually harvest much more BTC? Sure. But if the right price arrives I'm getting rid. They won't be up there for long and that ratio may be up there when the Bitcoin priced measure in fiat is much lower. I ain't sitting through another obliteration to realise that profit.
To me it very simple u use USD to determine the profits and I always take my profit once the USD value raise because in that I exchange the USD to my native currency and use my huge gain. When it comes to crypto always use the USD value because both bitcoin and ETH are all traded with USD and it general value is determine by the USD market at every given time.
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 ?
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 was right time when you have posted this topic but today crypto market is experiencing a red blooded scenery where maximum coins lost its marketcap today. Those who perked their values in stable coins, today are enjoying but regret for those who are holding for waiting All Time High (ATH) period.
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 ?
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 ?
Though question is very good but answer is very simple you don't need to think which currency is profitable just think when you want to take profit, it is also simple just take your profit when the price is high don't think about value. Or if you want to compared then you can but my suggestion when the price gose high don't convert your crypto to unstable coin try to convert it stable coin like usdt. And then buy again when others currency gose down. Don't exchange into btc. So choose usdt when you in profit.
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 ?
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 ?
If you want to get a profit with the same value then I suggest you exchange it for USDT, because USDT is a stable coin and it makes your money value will not change, but if you want to get a bigger profit (but have a risk) then you better be exchange it for BTC, because if the price of BTC increases you will get additional profit, but if the price of BTC goes down then of course your profit will decrease, so it depends on you, If you want to get a definite profit then you better exchange it for USDT, but if you want to gamble then you better exchange it for BTC, because you can get additional profit if the price of BTC goes up but of course if the price of BTC goes down then the profit you get will decrease.
In my opinion, both are equally potential. If you really want to play short term I think USDT is better. But if you want to play long term and get bigger profits, then you can choose Bitcoin. It would be better if you played with both.
USDT is a stable coin so we don't expect the profit of USDT and BTC is a decentralized coin so we expect good profit on this season. Whales are concentrate the BTC investment so we make more profit in BTC and those are looking for long term investment we can fix the ratio of BTC in the trading, So once reach enough rate it will trade automatically. Finally both are legit platform so those believe the BTC they are all stay in a Bitcoin.
It is real hard to assess cashing out or taking profits either from Bitcoin or from USDT because those are two different currencies on which are two different when it comes to stability of the price. Actually both are profitable in nature but it depends upon you if you want to hold for a while then choose to get into Bitcoin due to its volatility than can enable you to gain more. But if you wanted to already have it on hand or save it from bear market, then you can get into USDT. Well actually it is really a tough choice so if you are still confuse on which is better, better make use of partitions of putting each half on both and do comparison on which you think to be suitable on your preference because honestly both have risk no matter which you choose from. It is a matter of decision making that relies on you.
That is not an easy question. I think I would prefer Bitcoin. Because Bitcoin is volatile and there is always a possibility for you to benefit from its volatility. For example, Bitcoin is going towards setting a new ath. If you bought Bitcoin e.g. from 9k, you would double it now.
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 ?
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 most silly question to ask questions of such kind. It is only your choice but not the choice of the person that gives you advice. It depends on your strategy and in case you are a trader, so you should analyse according to the situation on the market. And of course do it by yourself in order not to regret that you listened to somebody's false predictions.
In fact, it depends on the market situation. If you think that the price of Bitcoin will go up, you will benefit more by taking profits through Bitcoin. On the other hand, if the market analysis indicates that the price of bitcoin will go down, the profit will be profitable with USDT. Because in that case, if the value of bitcoin decreases, the value of the profit will decrease. So it would be best if you can take your profits through market analysis via Bitcoin or USDT.
Any transaction will have to take profit, that money will go into your life and serve you. So take profit based on USD, if you make more Bitcoin and Bitcoin falls in price then that's bad. I had my experience in the market in 2017 thinking that as much BTC as possible and by 2018 when BTC fell, I seemed to have lost a lot of money.
Altcoin event is also starting this week if you look at the price on it in coinmarketcap you can see big movement of different altcoin just for this week.
I expect more increase in price of altcoin before we will beat the ATH of Bitcoin before this year's ends.and that is what should be monitored right now if you invest in altcoin be in a position to sell it to usdt anytime or secured it in btc .
I expect more increase in price of altcoin before we will beat the ATH of Bitcoin before this year's ends.and that is what should be monitored right now if you invest in altcoin be in a position to sell it to usdt anytime or secured it in btc .
I think the effect of bitcoin fluctuations on altcoins is too much. Altcoins are not able to make a consistent uptrend line like bitcoin (I saw it on ETH). I am worried that altcoins will experience a sharp decline when bitcoin starts to declien. I would still suggest Op to exchange it for bitcoin when eth reaches the next line of resistance or usdt if it wants to stop.
you should focus your strategy in ... what are you looking for. Did you want store your money/wealth in FIAT or BTC?
Personally I prefer to receive a payment or a profit in bitcoin since I know it's "stronger" then FIAT in holding the intrinsic value. For what I have seen on the past exchange bitcoin isn't profitable since there is again another ATH. This is why I always suggest to store any value or profit in BTC
I do not mean to comment against your opinion but storing your profit to btc is not ideal in my own opinion. You are investing it with so you come up with a profit to a fiat. But to what you say that fiat does not have a good instrinsic value do because of inflation rate. However, we can still chose to take profits using the crypto which has stable coins like USDT. So, this is where I like to store and has been noticing too like others had said that whenever a bull run is happening USDT crypto supply will be added for some sort of preparations to take the investora profit on btc investment to usdt stable crypto. Personally I prefer to receive a payment or a profit in bitcoin since I know it's "stronger" then FIAT in holding the intrinsic value. For what I have seen on the past exchange bitcoin isn't profitable since there is again another ATH. This is why I always suggest to store any value or profit in BTC
you should focus your strategy in ... what are you looking for. Did you want store your money/wealth in FIAT or BTC?
Personally I prefer to receive a payment or a profit in bitcoin since I know it's "stronger" then FIAT in holding the intrinsic value. For what I have seen on the past exchange bitcoin isn't profitable since there is again another ATH. This is why I always suggest to store any value or profit in BTC
Personally I prefer to receive a payment or a profit in bitcoin since I know it's "stronger" then FIAT in holding the intrinsic value. For what I have seen on the past exchange bitcoin isn't profitable since there is again another ATH. This is why I always suggest to store any value or profit in BTC
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