What is the best way to use Bitcoin in Trading? - page 2.

JohnBitCo

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Quote from: Lyancy001 on July 21, 2017, 10:14:18 PM

There are many ways to trade your bitcoins. For you what is the best?

What exactly does that question mean? Bitcoin is illegal and legal commodity. It is used in the Commodities Market. If you're using it and trading then you can perhaps use it as a medium in between Fiat and other alt coins.

iqlimasyadiqa

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Using bitcoin as a medium for trading altcoin at this time can generate big profits. You should look for the right altcoin in order to generate profit margins as well as greater profit opportunities. For small capital owners I think this is a good choice. For those who have large capital can try to trade bitcoin into money cash as an alternative look for opportunities.

sksaddam

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There are many ways to trading bitcoin.Bittrex & poloniex are best site for trading bitcoin.Also there are new site that is livecoin.

sweetbet

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Quote from: shamzblueworld on July 21, 2017, 11:22:20 PM

There are two ways that you can use bitcoin in trading that I know of.
One you can sell bitcoin when the price is high for cash and buy bitcoin when the price gets low. You earn from the difference, its a good way to earn from your bitcoin. I've seen many people do that and make their names a trusted exchanger.
Secondly, you can buy altcoin with your bitcoin when they are at low value and sell when they are at high and you earn the profit in bitcoin, which you can cash in if you want. By this way, you increase your bitcoin hence your total value.
First one is less risky than the second option because sometimes when your selected alt takes a dump, you have to deal with the loss.

Very true. I trade BTC > ALT > BTC. It is risky, but I minimize the risks by choosing a good altcoin to buy, for eg. ETH or DASH, and I ONLY buy when the altcoin is at it's near absolute lowest value.

oegarod

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For beginners its been suggested to go with trading of bitcoin to cash. Because here the price changes can be calculated easily and based on that can buy and sell at intervals gaining profit. When this happens for some time period can move towards the bitcoin to altcoin trading which is the best in trading where profiting is high depending upon the knowledge and expertise predicting capability.

Viyamore

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Quote from: Lyancy001 on July 21, 2017, 10:14:18 PM

There are many ways to trade your bitcoins. For you what is the best?

Can you make it clear with more explanations or example so we can answer it directly to the point that you are asking.
If you mean to trade you can trade it only bitcoin to fiat or bitcoins to usd perhaps there are many ways more to it is to trade with altcoins you will need bitcoins to buy altcoins then sell when price is high so you have a trade and a profit when it back into btc.

Vixmore

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Quote from: Lyancy001 on July 21, 2017, 10:14:18 PM

There are many ways to trade your bitcoins. For you what is the best?

There are roughly 2 ways to trade bitcoin:

1. Trade bitcoin for altcoins and then back to bitcoins: This is one of the best ways to trade bitcoins as it can yield you with the highest profit margin. Trade in other cryptcorrencies such as Ethereum and many more, and then sell back to bitcoin when you want.

2. Trade for Cash: This is another great way to trade bitcoins and is generally less riskier than trading to altcoins. You can buy and sell bitcoins for cash or wired transfers on websites such as Localbitcoins.com. This is one of my favourite sites to cash out on my bitcoins as it is reputable and fast. Paypal can be risky if the seller is unknown as they can easily refund their purchase, while you cannot refund your bitcoins.

rakib97

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i think trading best way waiting for buy or sell. all coin up and down so i tell wait. when you see low rate buy and set up high sell rate and wait some time.

aoihs00

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Trading bitcoin is simple yet risky business. If you wish to trade bitcoin then you do so against "Pair of BTC". The pair is one which is being compared with altcoins and bitcoin. The price difference between these two forms your basis of trading. The simplest known way is buy at low and sell at high is what trading for me.

So the end point is you can trade bitcoin in that way. And if you asking in general use of bitcoin then there are various services you can use such as buying goods and services from bit payment acceptors. You can also convert it to fiat and do a real cashout. :-)

shamzblueworld

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There are two ways that you can use bitcoin in trading that I know of.
One you can sell bitcoin when the price is high for cash and buy bitcoin when the price gets low. You earn from the difference, its a good way to earn from your bitcoin. I've seen many people do that and make their names a trusted exchanger.
Secondly, you can buy altcoin with your bitcoin when they are at low value and sell when they are at high and you earn the profit in bitcoin, which you can cash in if you want. By this way, you increase your bitcoin hence your total value.
First one is less risky than the second option because sometimes when your selected alt takes a dump, you have to deal with the loss.

Anegg

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Quote from: Lyancy001 on July 21, 2017, 10:14:18 PM

There are many ways to trade your bitcoins. For you what is the best?

Well, your question is pretty broad so I'll answer it on a wide range.

Using bitcoin for trading altcoins

If you are trading your bitcoin for altcoins especially before August the first to protect yourself, I would recommend depositing on Yobit, Polenix, or other exchanges to buy your coins off them. I wouldn't hold bitcoin on exchanges though since it would be unsafe.

Using Bitcoin for trading into Fiat

If you want to trade your bitcoin back to fiat or if you have earn't some and you are now trying to exchange I would recommend exchanging it on localbitcoins.com since it is reputable. Do not trade for paypal unless they are trusted since you may get chargebacked.

Yakamoto

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Quote from: Lyancy001 on July 21, 2017, 10:14:18 PM

There are many ways to trade your bitcoins. For you what is the best?

It depends on what it is you're meaning, but typically when you're going for an exchange where you're going to be trading Bitcoin back and forth, you want to find an exchange where there are small fees and the difference between the buy and sell orders is quite small. This is especially important if you're trying to capitalize on small market movements instead of macro movements that can take weeks or longer to happen.

I personally don't have a preferred platform because each of them are good in their own ways and each platform has their own pros and cons.

alexsamudra

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All there is a risk, I've also been fooled by a coin that makes me not think positive what has happened.

xderek

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I buy other coins and lately that is not likely a good idea due inflation of the coin and the fortune of BTC. Jeez I hate being stuck in one coin waiting to regain the investment.

mk4

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Can you be more specific? Your question is very vague. Is it to trade for other cryptocurrencies? Trade for FIAT?

I suggest that you edit your post. Give us a more specific question. We honestly can't help you with that kind of question.

pooya87

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you are mistaken.
the best way to use bitcoin is to spend it as a currency, specially if you are in one of those countries where they have 0 taxes on bitcoin payments that will be very good for you.

trading bitcoin is what a certain type of people do in order to make more profit, that has nothing to do with "using" bitcoin.

CryptoBry

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Please clarify and maybe elaborate further your question. I am not a technical person though I am also a trader though not yet on a professional level like some of the members of this forum. Usually, we are using Bitcoin in trading by buying other coins and then sell those coins back to Bitcoin when there is a certain profit to be made. Well, simple as that.

Lyancy001

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There are many ways to trade your bitcoins. For you what is the best?

Topic: What is the best way to use Bitcoin in Trading? - page 2. (Read 1312 times)