What market should be the best to trade: BTC - ETH - USDT?

jvdp

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Quote from: Vilbel on December 12, 2017, 02:42:26 PM

Hi guys,

Although this is my first post here, I've been in the forum reading a lot of topics, so I decided to participate as there should be a lot of people out there who have the same doubt.

The thing is I'm trading in Bittrex and, as you know, there are three markets there where you can trade, those are BTC, ETH and USDT. Lately I've been using USDT a lot, since its price is pretty close to USD and thus has helped me to freeze the price for my coins, plus there's not high fees like in the BTC market, that's an issue to be taken into account.

I'd like to know what you guys think about. Would my strategy be better if I just trade in btc and make my goal to go up on satoshi even with that high fees?

In current market trend is Bitcoin and altcoin. But is the 100 percent valuable in trading. Because continuously it will raise and demands are increasing in crypto market. All the three markets are good in investment. But Bitcoin is the best in trading. This is decentralised cryptocurrency so no one should control the coin. This is user friendly it is more secured and easy access anywhere. But ETH and usdt also good in market. Bitcoin is easy to make quick money.

Vilbel

newbie

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Perfect! I wanna thank everyone for your comments, it actually helped a lot! And well I'm not using USDT as a base for my trading... I'm actually using it as a way to "freeze" the BTC price or an altcoin price, then when I detect there's a bottom line I buy again and stick with the coin again... I believe this is calling "Scalping", please correct me if I'm wrong. Anyway USDT has been a great tool for this kind of strategy. Grin

coinseedco

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I do BTC-ETH, but never to USDT. Particularly, in a bullish time like this.

Pfizer

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Quote from: Vilbel on December 12, 2017, 02:42:26 PM

Hi guys,

Although this is my first post here, I've been in the forum reading a lot of topics, so I decided to participate as there should be a lot of people out there who have the same doubt.

The thing is I'm trading in Bittrex and, as you know, there are three markets there where you can trade, those are BTC, ETH and USDT. Lately I've been using USDT a lot, since its price is pretty close to USD and thus has helped me to freeze the price for my coins, plus there's not high fees like in the BTC market, that's an issue to be taken into account.

I'd like to know what you guys think about. Would my strategy be better if I just trade in btc and make my goal to go up on satoshi even with that high fees?

This is totally up to your purpose. If you like BTC in your assets, take BTC markets and trade on them. If you like USD, you should trade on USDT markets not to get lost.

ArnoldChippy

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Quote from: miyaka26 on December 13, 2017, 12:04:01 PM

If you have enough fund to invest in cryptocurrency, you should go for the both of them, ETH and Bitcoin, they are the most promising and established coin in the market surviving the harsh environment of trading and issues, Bitcoin has a heated increase these days but don't be too excited as you will end up as FOMO be wise with buying btc as the risk of getting low is always there, it may also increase in the future so the best game is holding bitcoin, then go for eth who have a variety of features which the btc doesn't have.

Bitcoin is price is too much high and i think it is now becoming difficult for the small trader to invest and buy some good amount of money, but on other side Etheirum also have good potential and its price is still trading in low position, that is why even a small trader can purchase a good amount of eterium for trading and investment.

Manchumichael

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Quote from: rommelzkie on December 15, 2017, 06:34:31 AM

Quote from: Vilbel on December 12, 2017, 02:42:26 PM

Hi guys,

Although this is my first post here, I've been in the forum reading a lot of topics, so I decided to participate as there should be a lot of people out there who have the same doubt.

The thing is I'm trading in Bittrex and, as you know, there are three markets there where you can trade, those are BTC, ETH and USDT. Lately I've been using USDT a lot, since its price is pretty close to USD and thus has helped me to freeze the price for my coins, plus there's not high fees like in the BTC market, that's an issue to be taken into account.

I'd like to know what you guys think about. Would my strategy be better if I just trade in btc and make my goal to go up on satoshi even with that high fees?

Better to start first in bittrex because it has a good trade volume. then divide your portfolio into two.

#1 Portfolio - Is for BTC / Altcoin Trading

#2 Portfolio - Is for Altcoin / USDT Trading

When you are confident then add the ETH pair market.

To know how much exactly you made a profit or how much money you lost in trading then choose USDT. But 1 problem is you can't buy all altcoins with USDT in Bittrex. To do all coins trading, you go with altcoin / BTC trading.

tech72

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As of now USDT is the best market. Coins are just jumping 50-60% in USD value.

patt0

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I would be very careful with tether (USDT) because there a lot of rumors that they don't actually hold the same amount of USD in relation to the USDT as they should, since the point of tether is to be a cryptocurrency that is backed by the dollar on a 1:1 ratio. Users are asking for a new audit for several months now and nothing is happening. The last one was on March or May 2017, somewhere around that line, and definitely before the huge increase in tether marketcap. If they aren't really backing USDT with USD in a 1:1, then it's like they have been printing money just like banks, and a lot of the liquidity in the market is fake, because they can't actually print money. To be honest I don't even know if what they are doing is legal, it's hard to imagine that the US government would allow a cryptocurrency to simulate the dollar, without they actually controlling it.

I'm not raising FUD here, I'm just telling what I know right now, and I think you should search for more information before using tether. I really hope they are, and that everything is ok, because a tehter scandal would not be good for crypto.

rommelzkie

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Quote from: Vilbel on December 12, 2017, 02:42:26 PM

Hi guys,

Although this is my first post here, I've been in the forum reading a lot of topics, so I decided to participate as there should be a lot of people out there who have the same doubt.

The thing is I'm trading in Bittrex and, as you know, there are three markets there where you can trade, those are BTC, ETH and USDT. Lately I've been using USDT a lot, since its price is pretty close to USD and thus has helped me to freeze the price for my coins, plus there's not high fees like in the BTC market, that's an issue to be taken into account.

I'd like to know what you guys think about. Would my strategy be better if I just trade in btc and make my goal to go up on satoshi even with that high fees?

Better to start first in bittrex because it has a good trade volume. then divide your portfolio into two.

#1 Portfolio - Is for BTC / Altcoin Trading

#2 Portfolio - Is for Altcoin / USDT Trading

When you are confident then add the ETH pair market.

beerlover

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First, no matter how you are trading, or the currency you are trading, all you need is knowledge and if you do not have that, please do not consider trading and learn before you continue. USDT to any other cryptocurrency is a good choice.

I use both USDT and BTC for my trading base to any other coin anyway and the markets are different in a way.
It is your analysis in any of the trade that would determine how you make your profit eventually as well as losses.

dogandogru

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I fell UsdT is most stable crypto-currency and is most suitable for trading. It will help to determine your profit/loss accurate n easily. This will help you make right trading decision at right time. Trading with any volatile crypto-pair is never recommended as most of your time will be lost in calculation. Even BTC or ETH is suitable on days when they are stable.

deadsilent

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You're strategy is fine. USDT can freeze the value of your funds. So it wont drop nor go up. And i think that's the best choice because the uncertainty of altcoin market increased a lot. Most of the altcoins are all bleeding in red now. Massive correction is happening right now. I lost a lot in my portfolio. So you need a safe ground to land. And that's USDT. I haven't did it yet. But im willing to do this strategy in my future trades. Right now, 100% of my portfolio is on the altcoins. One thing i don't like about USDT. How long will it last? Because there's many issues about the USDT.

ToxaBit

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the output looks something like this: store money in BTC or ETH and wait for a price increase or invest in companies ...

Hui8

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What I can sense from your talk in the OP is you are very comfortable with the USDT kind of trades so I would suggest you to follow the same. I mean if thats your type then you should really go with it because it will make you more easy on the trades or exchanges that you will make in the future.

Quote

Would my strategy be better if I just trade in btc and make my goal to go up on satoshi even with that high fees?

Your strategy will work surely because this is long lasting working model where people just hold the BTC and try to increase the wealth in that way. The fees, well they are always dynamic and you can always find a way to take out your BTC with very small fees in the future. So better focus over the trades rather than the exchanger fees. That part comes later.

mobnepal

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I don't prefer to trade against USDT or don't want to hold those tether token for long time as there is rumor that they don't have enough USD backing their tokens in any of their bank account.

Right now bitcoin price is surging quite often, So I am just trading alts against bitcoin and keeping my profit + balance in bitcoin only.

miyaka26

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If you have enough fund to invest in cryptocurrency, you should go for the both of them, ETH and Bitcoin, they are the most promising and established coin in the market surviving the harsh environment of trading and issues, Bitcoin has a heated increase these days but don't be too excited as you will end up as FOMO be wise with buying btc as the risk of getting low is always there, it may also increase in the future so the best game is holding bitcoin, then go for eth who have a variety of features which the btc doesn't have.

DaMut

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everything have their own weakness and so far the stable one should be USDT,
also other than that everybody have their own future goal.
for example me,
i am valuing all of my portfolio using Bitcoin,no matter what happen with the price as long as my Bitcoin keep increasing i get profit.
why i am valuing my portfolio using Bitcoin ? because i believe bitcoin will be used in the world wholly.
and i believe i can multiple my profit by holding it in form of Bitcoin.
other than valuing it using Bitcoin,i think for a short term valuing our portfolio under ETH is not a bad idea either.
because currently ETH price already surpressed a lot by the whales,
i think in the future we should see it for more than 0,05BTC or around that.

webtricks

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Quote from: Vilbel on December 12, 2017, 02:42:26 PM

Hi guys,

Although this is my first post here, I've been in the forum reading a lot of topics, so I decided to participate as there should be a lot of people out there who have the same doubt.

The thing is I'm trading in Bittrex and, as you know, there are three markets there where you can trade, those are BTC, ETH and USDT. Lately I've been using USDT a lot, since its price is pretty close to USD and thus has helped me to freeze the price for my coins, plus there's not high fees like in the BTC market, that's an issue to be taken into account.

I'd like to know what you guys think about. Would my strategy be better if I just trade in btc and make my goal to go up on satoshi even with that high fees?

If you want most satisfactory results then go for Crypto/USD or Crypto/USDT
Just invest some dollars and buy the coins you like. In this way, you can easily calculate your profits periodically just buy comparing the existing value of crypto with amount invested.
Based on my perosnal opinion, I must suggest never do trading keeping another crypto like Bitcoin or Ethereum as base currency. You will always feel guilt, no matter whether your investment going up or down because you will always double measure your profit, first in base crypto then in fiat.

TorbiK

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Diagon

TradingView shows, Bittrex issues altcoins charts to the dollar, although they are traded to bitcoin. Therefore, I find the entry and exit points on the chart to the dollar and lead the profit / loss to the dollar, but in fact I trade for bitcoins.

Jaya912

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Quote from: Vilbel on December 12, 2017, 02:42:26 PM

Hi guys,

Although this is my first post here, I've been in the forum reading a lot of topics, so I decided to participate as there should be a lot of people out there who have the same doubt.

The thing is I'm trading in Bittrex and, as you know, there are three markets there where you can trade, those are BTC, ETH and USDT. Lately I've been using USDT a lot, since its price is pretty close to USD and thus has helped me to freeze the price for my coins, plus there's not high fees like in the BTC market, that's an issue to be taken into account.

I'd like to know what you guys think about. Would my strategy be better if I just trade in btc and make my goal to go up on satoshi even with that high fees?

Btc, eth and usdt market are good in my opinion. But if you trade in usdt, you have fix profit. In bitcoin amd etherium, beside you have profit from your trading, you also get from holding bitcoin and etherium if eth and btc price up. If down, you know what will happen.

Topic: What market should be the best to trade: BTC - ETH - USDT? (Read 441 times)