trade against USD or BTC? | Bitcointalksearch.org

SvonioneFromMangoCoinz

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Quote from: rufio90210 on August 20, 2019, 10:56:16 AM

Maybe someone expierenced or Ben can help me with this - I am having real trouble grasping whether to be trading against BTC or USDT? Many seem to say BTC, but I have been in situations when trading alt coins against BTC and they are 4 % up yet I have lost money because both were down against USD.

Is there any simple rule of thumb as to when to trade against USD and BTC?

Maybe always trade against USD unless BTC is in Bull Mode /?

I have a very basic rule and will usually never make too many losses. For example you have $ 1000. Do not rush to buy Bitcoin because it is recommended by many friends.
Be alert and wait for the value of BTC to fall from 5% - 7%, which is an opportunity for you to spend 33.3% to buy Bitcoin. After that, if it decreases by another 1.5%, you will continue to use 33.3% more to buy more and continue with DCA.
and when you buy all 1000 $, place a stoploss about 2%. After that, you only need to wait 2-3 days, the market will recover by itself and you can have 3-4% in a short time.

michellee

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Quote from: BaseFEX on August 28, 2019, 03:52:30 AM

When you trade against BTC you are exposing your positions to BTC's innate volatility. Particularly in futures trading, when you short BTC using BTC, you lose more than you should since your margin is less valuable along the way. (It sometimes can be a good thing though, doubling your profits, when you have confidence in your bullish predications over BTC.)

Therefore stablecoin and USD could be a better cash than BTC due to its stability. This means better predicability, and makes it easier to use, even for some sophisticated, professional traders. This is why we introduced USDT-settled pairs in addition to BTC pairs.

Yes, the volatility of bitcoin is faster than USD, so you need to stay to always pay attention to prices when you trade. I also prefer bitcoin, because the rotation may be faster because prices are fast rising and falling. it's just that the risk may be greater compared to trading using USD. for earlier, try to trade on the demo trading app/site about both.

But be careful when you choose bitcoin pair usdt because the bitcoin market was moving so fast and if you don't have enough skills, I don't think that you can make a profit. It is better to calm for a while and see what will happen later. And if you think that you can follow the market, you can enter the market, make a little buy order while you can wait again, and if the price is down deeper, then you can buy more bitcoin. In this way, you need more money to buy more bitcoin, especially if you place many orders buy on the market. But I think that not every order buy you have will be filled as the price still up and down.

danherbias07

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How did you knew that lose monet when you traded with altcoins to bitcoin?
That just means you are already in conversion while doing it or the exchange have that kind of feature.
Take that out.
If you are trading a coin to another coin then you are making profit by gaining more of the preferred coin.
Stop the conversion thing. You only do that with USD vs any coin.

BaseFEX

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Quote from: ?? on ??

Quote from: BaseFEX on August 28, 2019, 03:52:30 AM

When you trade against BTC you are exposing your positions to BTC's innate volatility. Particularly in futures trading, when you short BTC using BTC, you lose more than you should since your margin is less valuable along the way. (It sometimes can be a good thing though, doubling your profits, when you have confidence in your bullish predications over BTC.)

Therefore stablecoin and USD could be a better cash than BTC due to its stability. This means better predicability, and makes it easier to use, even for some sophisticated, professional traders. This is why we introduced USDT-settled pairs in addition to BTC pairs.

Yes, the volatility of bitcoin is faster than USD, so you need to stay to always pay attention to prices when you trade. I also prefer bitcoin, because the rotation may be faster because prices are fast rising and falling. it's just that the risk may be greater compared to trading using USD. for earlier, try to trade on the demo trading app/site about both.

Agree.
For day trader or anyone who seek returns in frequent, short time window trades, trading against BTC might make some sense IF you are comfortable with its volatility.
Otherwise, especially when the price is going down, USDT could be helpful because you won't be shorting double.

BaseFEX

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When you trade against BTC you are exposing your positions to BTC's innate volatility. Particularly in futures trading, when you short BTC using BTC, you lose more than you should since your margin is less valuable along the way. (It sometimes can be a good thing though, doubling your profits, when you have confidence in your bullish predications over BTC.)

Therefore stablecoin and USD could be a better cash than BTC due to its stability. This means better predicability, and makes it easier to use, even for some sophisticated, professional traders. This is why we introduced USDT-settled pairs in addition to BTC pairs.

MonsterV

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Don't listen to them, trade with what you like and make you profit more easily. Because for me it makes no difference trading in BTC or USD, so please adjust to your own needs. If you want to multiply your BTC then please trade with BTC, but if you want to make more your dollars then please trade in USD. Determine goal from now on and then trade without having to be confused anymore.

Quote from: princerepon on August 24, 2019, 01:16:08 PM

Generally i trade with BTC but sometimes i also fall into the trap like this. I think BTC trade is best in bull market and bear for USD. I don't know but somehow i think USD is the best option because USD market price don't drop hugely. But in many times you can see, you sold some coin with BTC, you collect it for buy some new coin after finish your research but next day you see BTC dump. You loss some bucks. It's happen to me and it's too much frustrated.

So if you prioritize fixed profits, please use USD in trading. But if you want to hold bitcoin while trading then use BTC as your trade. So my advice, it's better to trade in USD if you are a daily trader, crypto market fluctuations are so high unless you accept all the risks.

princerepon

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Quote from: rufio90210 on August 20, 2019, 10:56:16 AM

Maybe someone expierenced or Ben can help me with this - I am having real trouble grasping whether to be trading against BTC or USDT? Many seem to say BTC, but I have been in situations when trading alt coins against BTC and they are 4 % up yet I have lost money because both were down against USD.

Is there any simple rule of thumb as to when to trade against USD and BTC?

Maybe always trade against USD unless BTC is in Bull Mode /?

Generally i trade with BTC but sometimes i also fall into the trap like this. I think BTC trade is best in bull market and bear for USD. I don't know but somehow i think USD is the best option because USD market price don't drop hugely. But in many times you can see, you sold some coin with BTC, you collect it for buy some new coin after finish your research but next day you see BTC dump. You loss some bucks. It's happen to me and it's too much frustrated.

iamzill

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Quote from: rufio90210 on August 20, 2019, 10:56:16 AM

Maybe someone expierenced or Ben can help me with this - I am having real trouble grasping whether to be trading against BTC or USDT? Many seem to say BTC, but I have been in situations when trading alt coins against BTC and they are 4 % up yet I have lost money because both were down against USD.

Is there any simple rule of thumb as to when to trade against USD and BTC?

Maybe always trade against USD unless BTC is in Bull Mode /?

if the current market situation cannot be stable maybe using btc can be better, because when btc increases in high profit can be obtained. using usdt will only provide security guarantees, without large profits like using btc

jeraldskie11

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Bitcoin price at this time is more likely to go down, you will not maintain your earnings unlike USD because the price is stable like if you want to rest for a while from trading you will not worrying about it just hold in USD.

Reid

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Quote from: rufio90210 on August 20, 2019, 11:02:22 AM

and how about today when all seems a bit uncertain / sideways?

further to my post - I think some of you will ask my goal more BTC or USD?

To be honest, - BOTH!

But if I am always trading against USDT would that not also naturally increase BTC?

Well it looks like you already have the answer and being hard headed for other opinions.
You should try again.
You said you made profit with BTC against altcoins. Keep that working.

Waiting time is your enemy. You are being impatient. If you have the ability to grow the number of bitcoins that you have then it is already a good sign.
Do not look at BTC to USDT for now.

ethereumhunter

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Only trade if you are sure that the time is right because that will help you to determine the right coins to buy and sell. Sometimes we need to move from bitcoin pair usdt, or bitcoin pair altcoin, or altcoin pair usdt. I think only we that will know when is the time to trade against bitcoin or usdt because we used a different method to analyze. But one thing that we should know that when the price is down, then that is a good time to buy the coins and prepare to sell if the price starts to moves.

RobertMondragon

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I am not very good in trading. But I am a longterm in trading. I have a buy orders in Bitcoin at $3k price. I believe Bitcoin might go several 3k to 6k and back to 3k again before the massive Bitcoin bull run.

Quote from: rufio90210 on August 20, 2019, 10:56:16 AM

Maybe someone expierenced or Ben can help me with this - I am having real trouble grasping whether to be trading against BTC or USDT? Many seem to say BTC, but I have been in situations when trading alt coins against BTC and they are 4 % up yet I have lost money because both were down against USD.

Is there any simple rule of thumb as to when to trade against USD and BTC?

Maybe always trade against USD unless BTC is in Bull Mode /?

TopT3ns

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Maybe my strategy when face something like you is, i trade with BTC. But not sell it immediately when BTC price down. For what we always count it in USD if we not want to sell it. And if BTC price keep down, it means i must trade again and gain more BTC to get more money when BTC price is down if compared with USD. I think that simple thing because if we already trade in BTC, we must ready for anything that happen. If we already get profit from BTC, and BTC price againts USD is increased, OP might be not created this thread because he get more profit from it.

leavolnhals

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There are many ways for you to trade successfully.
You can learn about Technical Analysis to learn more about indicators and signals for more reasonable trading.
When you have learned about TA, all transactions are simple and you will have a higher percentage of wins.

Cherylstar86

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Trading between usd and bitcoin is more secure instead of other currency. It won't change very fast at huge amount of fluctuations, that's why the market has gained sustainable and stable movement. Usd has minimal trend to go down, so it continues to grow profitably together with bitcoin even the situation isn't that quick.

TheBusstop

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Quote from: FruitsBasket on August 20, 2019, 10:57:12 AM

Quote from: rufio90210 on August 20, 2019, 10:56:16 AM

Maybe someone expierenced or Ben can help me with this - I am having real trouble grasping whether to be trading against BTC or USDT? Many seem to say BTC, but I have been in situations when trading alt coins against BTC and they are 4 % up yet I have lost money because both were down against USD.

Is there any simple rule of thumb as to when to trade against USD and BTC?

Maybe always trade against USD unless BTC is in Bull Mode /?

Bear market trade in usd, bull maket trade in btc.

this the best advice you can get from your trade. since you are a newbie and you find it difficult on how you can earn from trading against BTC in a normal market. the idea behind trading with btc in a bull market is to gain in double fashion. as the token price increases, BTC Price also increase. you earn doubled in price as well. the reason to tread in btc during Bull market.

bitcon

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Quote from: maxreish on August 21, 2019, 11:20:53 PM

Why don't you try both trading against USD or BTC? If your main goal is to increased your funds via BTC or USD, you can determined that by real experiencing which one is better. But as for me, I always trade against BTC. The volatility still gives me profits whenever it has a bullish movements. If you want to be safe when there is a continous drop in bitcoin's price, then go for usd.

I also support your proposition. In this case, you have twice more opportunities to make money. Besides, you will understand what is better for you - to work with fiat only, or involve in these operations cryptocurrencies. Crypto market is volatile, and if you catch the right moment to trade, the profit can be great, bigger than that one, which you can get dealing with the USD.

1Referee

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Quote from: guoyu78 on August 22, 2019, 11:59:42 AM

and also believe reason why altcoins are all bleeding because many people are trading their alts again btc and not usd.

Altcoins are bleeding because Bitcoin has been outperforming most of them. If they can't keep up in % USD gains, then their BTC equivalent will drop. If you look at the USD price of altcoins, they have been performing fairly well.

People expected altcoins to go back up when Bitcoin would start correcting, but after going from $14,000 to $9,000 altcoins went down with Bitcoin instead of going up. Another thing is that people think that because altcoins have gone down a lot already, they can't go down more, but they obviously can go down a lot more.

jrrsparkles

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Quote from: rufio90210 on August 20, 2019, 10:56:16 AM

Maybe someone expierenced or Ben can help me with this - I am having real trouble grasping whether to be trading against BTC or USDT? Many seem to say BTC, but I have been in situations when trading alt coins against BTC and they are 4 % up yet I have lost money because both were down against USD.

Is there any simple rule of thumb as to when to trade against USD and BTC?

Maybe always trade against USD unless BTC is in Bull Mode /?

You can use USDT if you bought your altcoins using USD but most of the time we bought it with BTC since most exchange don't have fiat deposit so always trade against BTC then only you can make profits but lot of beginners do the mistake of trading against a stable value then losing there capital gradually.

Simple rule of trading is "Buy low and Sell High".

guoyu78

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If you feel one is not working for you, then you can give the second one a little try also to compare which of the trading pairs is really in accordance with your level of understanding and your strategies because everything still depend on you, there are some people that trades better on btc, usd while some trades better with usdt, I think it is about your strategy, I mean what your skills and strategy permit.

I do work with both, and there is none that does not word for me more, although now that we have bull run of bitcoin already, I think it is better to trade altcoins against btc, which is what I think may people does a lot now, and also believe reason why altcoins are all bleeding because many people are trading their alts again btc and not usd.

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