trade against USD or BTC? - page 2. | Bitcointalksearch.org

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

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.

Well, that will make him confuse because he needs a high-skills to trade so he can get the right time to buy in each pair. Not all traders can do that, especially if the market is unstable like today, but it is not impossible to do. But that could be a way for him to grow his bitcoin and usdt at the same time, especially if bitcoin is down today.

Salauddin1994

member

Activity: 868

Merit: 15

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 /?

Bitcoin is the main currency here, it is stupid to calculate the dollar you can trade Bitcoin as a dollar you can only trade as a dollar then you can calculate your profit or loss in dollars. If you think about the dollar you cannot calculate your profit loss on cryptocurrency must worry about bitcoin.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: yazher on August 21, 2019, 07:47:15 AM

When the price is not going up at all after I see that I have earned some little Dollars from buying bitcoin, I quickly trade it into our local currency to prevent further loss.

But most high-value investors don't care about price drop they just wait for another big ups to sell their Bitcoins to USD. as for me I keep the minimum risk when I buy it on $9k I wait for 10-11$ to sell it. If not moving to 10k then sell it as soon as possible.

You need to have a sets of plans like this in order to continue surviving from this volatile market, with your good anticipations you'll be able to convert little profits from your short term trades, it's a matter how time table you have and your target amount of profits to take, you can wait for long if you have good source of income and the money that you are using is for investment purposes, you can then maximize and generate bigger.

maxreish

sr. member

Activity: 1330

Merit: 326

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.

Little_king

copper member

Activity: 224

Merit: 0

I advice to trade against btc as no matter what you have it will be better than USD cos USD never increase non reduce but stagnant , but no matter what the price of btc to alts you will still have some advantage regard the profit or loss bit will eventually pay off as it can boom any time.

But shorting and longing is a straight yes for USD and entering it should be very careful with and has to be a very low leverage as its volatility can be mad at times.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

When the price is not going up at all after I see that I have earned some little Dollars from buying bitcoin, I quickly trade it into our local currency to prevent further loss.

But most high-value investors don't care about price drop they just wait for another big ups to sell their Bitcoins to USD. as for me I keep the minimum risk when I buy it on $9k I wait for 10-11$ to sell it. If not moving to 10k then sell it as soon as possible.

cizatext

member

Activity: 952

Merit: 41

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.

Very correct the market condition should determine the whether you trade in USD or BTC. But in most cases I prefer trading in bitcoin since the market is highly volatile and can change at any time.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: rufio90210 on August 20, 2019, 02:30:02 PM

so you guys trading with btc - do you not trade into USDT when all is going down? So is it not better to focus on the stable coin as base currency which will of course increase your BTC over time?

Maybe because most of us are believing in Bitcoin that’s why all we want to do is accumulate more bitcoin as possible.fiat is easy to have and besides this is what we use in daily living while bitcoin is for the future.

Quote from: rufio90210 on August 21, 2019, 04:35:55 AM

So the majority of you are just sucking up when you seed USD value lowering and just focusing on making sure the BTC value is consitently rising?

Partially yes that’s what we intend to do but you know crypto,specially bitcoin that there are concerns about manipulating and besides we only owned small part compared to whales so basically they are the one who controls the market

Red-Apple

hero member

Activity: 1470

Merit: 655

most altcoin exchanges don't have fiats like USD listed and for good reasons since they bring about a lot of problems including KYC. so i always prefer trading against bitcoin. we are in a decentralized market and we should treat it accordingly too, which is another reason.
and finally as others also said, it is all about increasing the amount of bitcoin i own so trading against bitcoin helps with that.

meanwords

full member

Activity: 1624

Merit: 163

How about try both? that way you should be able to tell which is more profitable to you. Also, it's not like USDT/BTC pair is the only trade-able asset here in cryptocurrency space, there are a lot to pick from. If you really are having a bad time profiting in altcoin, I suggest that you go against USDT as the price is stable. Although I seldom trade, it's working for me if luck's on my side. Also, trade with the highest volume.

rufio90210

newbie

Activity: 12

Merit: 0

So the majority of you are just sucking up when you seed USD value lowering and just focusing on making sure the BTC value is consitently rising?

beachbummer

full member

Activity: 251

Merit: 100

You will also need to factor in the available liquidity.

Even for a large exchange like Binance, their USD-based order books are much smaller when compared against the BTC-based order books, so there will be some price difference. If you place a large order for a USD-based pair, you may find that the price you get is unfavourable when compared against the BTC-based pair.

timerland

hero member

Activity: 1526

Merit: 596

Personally, I always trade-in BTC terms. I value my portfolio at a BTC value, due to the number of altcoins I have, and because the USD value doesn't matter (because I rarely cash it out).

It'll really depend on a lot of factors, for example, if you are mainly holding BTC, you might want to think in USD terms. If you hold a lot of altcoins, think like me.

It'll also depend on what you are thinking with the portfolio. If you are cashing it out soon, you might want to set a fiat goal, but since I have no idea what I'll be doing with my BTC and altcoins, I think in BTC terms.

BitMaxz has a pretty good example of combining both methods, that's pretty neat.

Herbert2020

legendary

Activity: 1946

Merit: 1137

it depends on your goals.
everyone who is in the market wants to make profit and they are mostly "investors". this means they want to invest in something that has a long term potential and that thing is bitcoin. so what they do is that they initially buy bitcoin then to increase their "bitcoin" they trade altcoins.
so when bitcoin price goes down they don't care because they are still increasing their bitcoin possession and in the long run that will be a lot more profitable.

by the way, even if you wanted to trade against fiat you must choose "fiat" not a fiat equivalent such as another altcoin called USDT.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

There is no rule to trade against USD and bitcoin, and it depends on what we want. If you're going to increase your bitcoin amount, you can buy bitcoin when the price is down and sell when the price is up.

It is a simple example to trade USD pair bitcoin, and I hope you can understand.

For example, you have $10k, and the bitcoin price is $10k. In the next hour, the price will be $9700, so you get 1.05263158 btc.
Then in the next hour, the price increase at $10,500, and you sell 1.05263158 btc to make a profit for $11052.63159.

If you can repeat the process, I guess that you will have a chance to increase your bitcoin and your tether at the same time.

But that will be different if you want to trade bitcoin pair altcoin, but the basic is the same.

AjithBtc

sr. member

Activity: 1666

Merit: 276

Vave.com - Crypto Casino

Quote from: Slow death on August 20, 2019, 02:49:26 PM

I trade BTC - USDT, for example:

When the price is too high, something like $13000 I sell my bitcoins and get USDT and then I wait for the price to drop a lot and I buy BTC, then I wait again that the bitcoin price goes up a lot to sell and have USDT and when the price drop I buy BTC. With that I accumulate more BTC... of course there are risks and you should always use Stop - Loss

This is the best practice to accumulate bitcoin. As the market of bitcoin is fluctuating so is the market of altcoins. This will cause some form of complications when we do trades against bitcoin. Selling for USDT when the price is high and buying back bitcoin with USDT when there is drop in the price gives a easy understanding about increasing the way to accumulate more bitcoin. In the place of USDT some other stablecoins can also be considered.

Gi01

full member

Activity: 342

Merit: 110

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 /?

Looking the current state of the cryptocurrency market, it is advisable to always trade against either USD or USDT. This helps you the trade to minimize your risk of losing funds in case Bitcoin fluctuate. The volatility of Bitcoin makes it reasonable to trade against a more stable coin like USDT or USD.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: rufio90210 on August 20, 2019, 02:30:02 PM

so you guys trading with btc - do you not trade into USDT when all is going down? So is it not better to focus on the stable coin as base currency which will of course increase your BTC over time?

It's an option but not "always".

Since you are confused, you might want to test what will be the outcome if you did both.

You might saw others gaining advantage on that strategy however, that's not always the case to all. Goodluck.

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

At my own suggestion, you should have them both separately.

Here's my own sample below.

$1000 value in BTC to trade with an altcoin. Focus your $1000 value in BTC to altcoins.

Then, $1000 value in USDT to trade with BTC

So that you don't lose the opportunity to make a profit on both of them. Because the movement of the price is not stable and you don't know what will be the price of the coins and BTC in the next day.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

I trade BTC - USDT, for example:

When the price is too high, something like $13000 I sell my bitcoins and get USDT and then I wait for the price to drop a lot and I buy BTC, then I wait again that the bitcoin price goes up a lot to sell and have USDT and when the price drop I buy BTC. With that I accumulate more BTC... of course there are risks and you should always use Stop - Loss

Topic: trade against USD or BTC? - page 2. (Read 513 times)