Topic: What is your base currency if you trade in alt-coins? - page 2. (Read 1002 times)

For me I used Ethereum for my base currency , I never using Bitcoin since Bitcoin my long term saving no matter what , whether the price up or down .

If you would like to trade USD pairs, then stop trade with USDT (Tether) because currently the future of this coin is not clear. Rather use pairs with PAX, USDC, Gemini, these are more trusted.

I personally prefer ETH, in rare cases BTC, I think that ETH is easier to translate, there is a couple of coins on almost all coins, and I consider the savings to be more profitable in ETH.

Bitcoin will be the bease coins for most of my crypto trading pairs,only I will go for stable coins when trading with bitcoin.

I am currently holding many erc 20 tokens so whenever itrade them i use eth pair so i can say i use eth as my base currency. Using eth gives me ease of understanding about the value from ico to the current value so i can know im in profit or loss in eth value.

We all have our own strategy and choice of currency.
I use Bitcoin as my base currency whenever I'm trading. Most exchanges and platforms accept and adopt it because it's more convenient. Also, bitcoin is good for a long term investment so I guess it's a perfect choice of currency.

Of course, for the person who has a lot of dollars in stocks, morning may well have a future.  But we consider cryptocurrency as a profitable investment, since it is this direction of investment that can provide the largest percentage of income, compared to other types of investment.

Well when i trade top altcoins i exchange them to USDC, but on most exchanges where i trade altcoins are oaired with Bitcoin and on most only this is possible because most of altcoin not have pairs with USD.

everyone is going back to bitcoin in the end dude. that is why every single person is in this market, it is bitcoin. there is no exception to that. then some percentage of the user in addition to bitcoin they hold other altcoins which they lose money on and give up sooner or later as they get dumped on.

ps. it is funny how you enphecise on U.S. Dollar and yet you are holding an altcoin yourself called tether specially these days that the owner of it is having trouble with the law

From the first time and until now, I personally always use BTC, ETH and sometimes, I use the fiat (IDR) as well as the base for currency for every time when I trade.

I usually prefer to trade in alt-coins with IDR as my base currency because this is my country currency so I can immediately know my value of assets.

I am more comfortable in using btc and eth as base currency because i prefer holding eth and btc than usd. Just imagine i close my trades in usd thinking that btc will go down from that point but it continues its growth and doubles in usd value i have no one to blame but if i was trading btc/eth pair i would not mind even on missing out as im happy staying in both btc and eth for long term because im sure both will grow in usd value so my strategy is very clear.

me myself I always use bitcoin as a base currency because I can totally match the value, I mean I can easily say if the coin or token is cheap or too expensive. I use BTC as the base currency for the first time I trade but sometimes I use dollars.

According to my own assessment, always being the base Bitcoin. I'm always aiming to increase the amount of Bitcoin I have.

that is only your choice based on your strategy, that doesn't mean it is the right move for everyone!

the main strategy that majority of traders use (which you can verify simply by looking at volumes and comparing alt/USD versus alt/BTC volumes) is to always go back to bitcoin because bitcoin for everyone is the long term investment which they know is going to go up in long term. so what they do is that for example they invest $1000 in bitcoin (get ~0.2BTC) and then use that to trade and in the end the goal is to turn that 0.2 into 0.5 then 1 then 2,... so that in the future when bitcoin reaches mass adoption and is $1 million they already have a big stash of bitcoins by only investing $1000.

in other words it only works if you expect the market to go down. if price rises (which is the usual case with BITCOIN price only) you will miss out and have to buy a much smaller amount with the same USD amount. like what we had this month where people were waiting around and price jumped up and now is 75% above the bottom where they sold!

that is mainly because majority of people don't trade in USD, they trade in BTC which is why whenever bitcoin price is rising they start dumping their altcoins for bitcoin to go back to bitcoin market with BTC in hand. but since this is not a 100% dump the price against BTC decreases and their price against USD increases slightly.

WARNING
none of these are US dollar so all these names are WRONG. they are all Tether or USDT which is a very risky altcoin and when you go to Tether instead of fiat (USD) then you are taking an additional HUGE RISK.

For that reason we now have stable coins which maybe good for some traders but most of the traders like BTC as their base currency since they can make more profits due to the price swings of crypto prices.When trading with bitcoin in long term I like to use USDT,to make profits from the daily price swings.

If in BTCUSD BTC is the base currency, then how the BTC is the base currency in all the pairs like SKYBTC, THETABTC, WABIBTC etc.... The rule in the markets is that the base currency stays on the left in the currency pair.s So, why BTC is always base, but with USD it is on the left and with altcoins is on the right?

i am using BTC as my base currency in all exchanges as ETH is very volatile, but will see in future regarding ETH after stability.

For long-term investment, Btc can be made alternative. As long as we are holding on to higher Btc values. So in my opinion I will sell Btc when its value is higher and invested in the form of something we want.

Btc is a dynamic transaction tool in my opinion, although frequent ups and downs of Btc exchange rates are common. And I am very happy for the future if the sale transaction using Btc.