Author

Topic: What is the best way to use Bitcoin in Trading? (Read 1291 times)

full member
Activity: 504
Merit: 100
There are many ways to trade your bitcoins. For you what is the best?
I chose to trade in altcoin by using safer bitcoins without worrying about missing
sr. member
Activity: 616
Merit: 250
I used tokens that can be traded to all markets and a stable one.
sr. member
Activity: 742
Merit: 250
I think there are several ways that can bring you profits. You can trade with altcoins, this is a popular method, there are many people choose this form and they are profitable. Specifically is buying and selling, buying other electronic currencies when they have a reasonable price, then waiting for a higher price and selling them, you will be profitable. However, at the beginning it will not be easy, you will need to learn to have a bit of skill, knowledge and experience. Besides, you can also save Bitcoin, wait for a higher price and you will be profitable
sr. member
Activity: 672
Merit: 250
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.
yea this is good for trade but regularly trader not follow only this rule. if you buy any coin low rate and wait some time you get sure profit.
hero member
Activity: 910
Merit: 523
Trade bitcoin is a way to make it fluctuate a lot, no way to make this digital currency less volatile or has stable price if people still treat bitcoin as a trading object. You can purchase altcoins or convert bitcoin into fiat currency but hopefully it can reach some point when everyone could easily spend bitcoin everywhere, so that we don't have to convert bitcoin into cash instead of just using it in daily transactions.
legendary
Activity: 3374
Merit: 3095
BTC price road to $80k
There are many ways to trade your bitcoins. For you what is the best?
Well, I guess the better and good way I think is use our bitcoin in the exchange platform to buy some other altcoins which is a legit one then its up for the traders if they're gonna trade it for a short or long terms to get profit in the long run. Wink
I am sorry in advance but I don’t think so it’s sagacious to buy altcoins for bitcoins. It’s good to do trading at famous exchanges with bitcoins but buying altcoins or any other coin is not a good move. Personally I feel that bitcoins are an epic asset. One should keep them for as much time as possible. When prices are high, and then convert them to fiat.

Yes you can hold your bitcoins and convert it to fiat if your desired value is met. But if you use bitcoin in trading, of course we assume trading it with altcoins, then all I can advised is trade with the top cryptocurrency or with higher market capitalization. Do not trade with shitcoins unless you know how to play with it. I mean you know when to enter and exit since it is very risky.
Well for now as i can seen altcoin has slow movement of the price these days compare the movement of the price of bitcoin..
So staying in bitcoin to trade is enough i think but you should always monitor the price and set a margin with alarm so that you can't be late when selling your bitcoin if you madea profit.. but expect that don't sell it all only a percentge ofyour bitcoin because there is possibility that the price of bitcoin can be increase more so only percentage is enough just to get the profit if ever the price is dropping again..
Investing in altcoin yeah don't go in shitcoin much better to invest those who are in a good rankings in coinmarketcap but not guaranteed that you can gain a good profit to stay long with altcoin because there are altcoin that can be active today and next day it drop gradually until it became no value..
So think deeply first and bitcoin is enough to start a trading basic and earn massively..
hero member
Activity: 1414
Merit: 505
Backed.Finance
There are many ways to trade your bitcoins. For you what is the best?
Well, I guess the better and good way I think is use our bitcoin in the exchange platform to buy some other altcoins which is a legit one then its up for the traders if they're gonna trade it for a short or long terms to get profit in the long run. Wink
I am sorry in advance but I don’t think so it’s sagacious to buy altcoins for bitcoins. It’s good to do trading at famous exchanges with bitcoins but buying altcoins or any other coin is not a good move. Personally I feel that bitcoins are an epic asset. One should keep them for as much time as possible. When prices are high, and then convert them to fiat.

Yes you can hold your bitcoins and convert it to fiat if your desired value is met. But if you use bitcoin in trading, of course we assume trading it with altcoins, then all I can advised is trade with the top cryptocurrency or with higher market capitalization. Do not trade with shitcoins unless you know how to play with it. I mean you know when to enter and exit since it is very risky.
sr. member
Activity: 630
Merit: 250
For me i am getting errors when i buy using my BTC
So what i do is i buy a very stable token that you can use to trade
So if i want to buy ETH i would sell that token for ETH and i have it.

This is my strategy how about you guys? Grin
And I still have not figured out. How do I better sell tokens and get Bitcoin. I get an intermediate coin aired and it turns out after every transaction I have a loss on the commission. Apparently I'm very bad at picking up commercial exchanges.
sr. member
Activity: 616
Merit: 250
For me i am getting errors when i buy using my BTC
So what i do is i buy a very stable token that you can use to trade
So if i want to buy ETH i would sell that token for ETH and i have it.

This is my strategy how about you guys? Grin
hero member
Activity: 2786
Merit: 902
yesssir! 🫡
There are many ways to trade your bitcoins. For you what is the best?
Well, I guess the better and good way I think is use our bitcoin in the exchange platform to buy some other altcoins which is a legit one then its up for the traders if they're gonna trade it for a short or long terms to get profit in the long run. Wink
I am sorry in advance but I don’t think so it’s sagacious to buy altcoins for bitcoins. It’s good to do trading at famous exchanges with bitcoins but buying altcoins or any other coin is not a good move. Personally I feel that bitcoins are an epic asset. One should keep them for as much time as possible. When prices are high, and then convert them to fiat.

And why do you think its a bad idea to buy altcoins? Do you got any proof that bitcoin is a guarateed one? This crypto world is just on its beginning stage thats why to take

advantage on all of its opportunities as much as possible you need to be open mined about it and the things that surrounds it because it'll constantly change, the rise  of the other

cryptocurrencies was also a part of it. well a person who knows about that won't say what you said but not everyone who knows had been a trader but at least they recognized its

potential--that its profitable. trading bitcoin to altcoin or vice versa has been profitable for most people as well as me--probably the best source of my crypto income as of now.
sr. member
Activity: 462
Merit: 250
There are many ways to trade your bitcoins. For you what is the best?

You actually consider this a question? If you need this sort of advice that perhaps you don't need to be investing in anything. You need to do your own research, you need to figure this one out on your own or you're going to be at the disposal of every scam artist who will let you invest in his project.

I feel that you are taking its wrong. He may have the enough amount of invest with him. That's why he is asking some tactics about trading. Sharing of your experience will help him for sure. However, even also has the take it as serious and do research about it much.
Now trading is best option you do in bitcoin due to BIP148 and 91. After it is completed you do it in any platform.
He just need an advice for what would be the best and this question may help a lot of new traders. Although he cant invest for now but hopefully if he can get a lot of advice experience he will do this.
sr. member
Activity: 1330
Merit: 291
To me all depends on the one that you are good at. Some people are very in trading while others are not good in trading, some are very good in gambling while others are not good in gambling. So all depends on the one you have comparative advantage.
hero member
Activity: 770
Merit: 500
There are many ways to trade your bitcoins. For you what is the best?
Well, I guess the better and good way I think is use our bitcoin in the exchange platform to buy some other altcoins which is a legit one then its up for the traders if they're gonna trade it for a short or long terms to get profit in the long run. Wink
I am sorry in advance but I don’t think so it’s sagacious to buy altcoins for bitcoins. It’s good to do trading at famous exchanges with bitcoins but buying altcoins or any other coin is not a good move. Personally I feel that bitcoins are an epic asset. One should keep them for as much time as possible. When prices are high, and then convert them to fiat.
sr. member
Activity: 462
Merit: 251
There are many ways to trade your bitcoins. For you what is the best?
Well, I guess the better and good way I think is use our bitcoin in the exchange platform to buy some other altcoins which is a legit one then its up for the traders if they're gonna trade it for a short or long terms to get profit in the long run. Wink
sr. member
Activity: 338
Merit: 250
Asura – Self Sustainable eSport ecosystem
There are many ways to trade your bitcoins. For you what is the best?
The best way to use bitcoin in trading is the poloniex.Poloniex is an online money trading im where you can make your money grow faster and faster and you can make your money multiplied.This can enable you to grow your bitcoin in a short period of time.
I do not believe in bittrex, their activities are very shady and many people that I know always have issues with poliniex. Slow withdrawal, deposit does not show up. Well, if you are looking for a trustable trading platform, I believe that bittrex is the best. However, never trust 100% on any exchange. Mt'gox has scammed many people before
legendary
Activity: 1372
Merit: 1005
There are many ways to trade your bitcoins. For you what is the best?

You actually consider this a question? If you need this sort of advice that perhaps you don't need to be investing in anything. You need to do your own research, you need to figure this one out on your own or you're going to be at the disposal of every scam artist who will let you invest in his project.

I feel that you are taking its wrong. He may have the enough amount of invest with him. That's why he is asking some tactics about trading. Sharing of your experience will help him for sure. However, even also has the take it as serious and do research about it much.
Now trading is best option you do in bitcoin due to BIP148 and 91. After it is completed you do it in any platform.
hero member
Activity: 938
Merit: 503
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
There are many ways to trade your bitcoins. For you what is the best?

You actually consider this a question? If you need this sort of advice that perhaps you don't need to be investing in anything. You need to do your own research, you need to figure this one out on your own or you're going to be at the disposal of every scam artist who will let you invest in his project.
sr. member
Activity: 489
Merit: 250
There are many ways to trade your bitcoins. For you what is the best?
The best way to use bitcoin in trading is the poloniex.Poloniex is an online money trading im where you can make your money grow faster and faster and you can make your money multiplied.This can enable you to grow your bitcoin in a short period of time.
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
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.
I did not understand what you are telling here  Wink,when you purchase something you are paying everything inclusive of taxes and how does bitcoin payment change those valuations ?  Roll Eyes i am not sure what the OP is asking,best way to use bitcoin in trading,just buy coins at a low price and hold for a long term  Tongue arbitrage was profitable for a long time but now i am not sure about how things work as some of the exchanges delay their withdrawals,it is a good way to make some intra day profits.
legendary
Activity: 994
Merit: 1000
There are many ways to trade your bitcoins. For you what is the best?
What is the point of this question? What you are asking doesn't make any sense.  Roll Eyes Huh

There are many ways to trading bitcoin.Bittrex & poloniex are best site for trading bitcoin.Also there are new site that is livecoin.
Are you sure OP is asking for sites where he can trade his bitcoins?  Grin Grin
sr. member
Activity: 2030
Merit: 356
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.
legendary
Activity: 1596
Merit: 1011
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.
full member
Activity: 691
Merit: 100
There are many ways to trading bitcoin.Bittrex & poloniex are best site for trading bitcoin.Also there are new site that is livecoin.
full member
Activity: 961
Merit: 110
SweetBet.com
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.
sr. member
Activity: 602
Merit: 252
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.
hero member
Activity: 658
Merit: 500
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.
sr. member
Activity: 322
Merit: 250
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.
sr. member
Activity: 252
Merit: 250
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.
sr. member
Activity: 700
Merit: 300

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. :-)


hero member
Activity: 714
Merit: 500
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.
sr. member
Activity: 469
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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.
legendary
Activity: 1218
Merit: 1007
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.
full member
Activity: 212
Merit: 100
All there is a risk, I've also been fooled by a coin that makes me not think positive what has happened.
member
Activity: 76
Merit: 101
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
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
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.
legendary
Activity: 3472
Merit: 10611
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.
sr. member
Activity: 1008
Merit: 355
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.
full member
Activity: 126
Merit: 100
There are many ways to trade your bitcoins. For you what is the best?
Jump to: