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Topic: What market should be the best to trade: BTC - ETH - USDT? - page 2. (Read 441 times)

member
Activity: 140
Merit: 12
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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?
It is more preferable to trade to USD or USDT, as you are not dependent on the sight of bitcoins. Especially in recent times, when bitcoin is growing strongly, trade to the dollar is becoming more reliable
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
BTC markets are always the best in my opinion.
  • they are the most common, you can see then everywhere in all the exchanges.
  • people measure price of all the altcoins in terms of BTC
  • the BTC markets have the most volume and more importantly smaller spread which means you will be able to trade easier and with larger amounts in them
  • there are sometimes arbitrage opportunities among BTC markets because it is listed on all exchanges.
  • and finally, when trading in BTC markets you will be increasing the amount of bitcoin you own when you sell that alt coin at a profit. that is obviously a good choice since bitcoin is the best long term investment.
member
Activity: 124
Merit: 26
Money will be useful if you know where to put it
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?
USDT should be used on rollbacks bitcoin is a replacement for Fiat but you can not simply store money in usdt as it is not clear what will happen to it after scandals with bitfinex. The ETH market at bittrex requires trading experience.
legendary
Activity: 3472
Merit: 10611
USDT has its usages and it is convenience to use when you are trying to go back to fiat but i personally don't like it because it is hard to trust something that is centralized to one company that can disappear at any moment and take all of it down with itself.

as for BTC or ETH trading i say it depends on what you want to increase. your BTC or your ETH. most people want to increase their bitcoin because that is the long term investment they choose and bitcoin has the biggest rise in long term. but it is a matter of preference in my opinion.
it also depends on the liquidity of those markets. BTC markets are always going to be more popular.

also be careful about using bittrex. they are not so trustworthy anymore.
https://bitcointalksearch.org/topic/bittrex-is-a-scam-website-avoid-with-proof-1954598
profile of the owner: https://bitcointalk.org/index.php?action=trust;u=96390
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
I have never traded against USDT parings but I do both ETH AND BTC trading for the few coins I like, as and when I have time. I know where are many more expert traders here who can give you better advice. Also check out the exchanges and their fees to make some savings too. I was really mortified last night when I wanted to remove some PPT from HITBTC exchange and they were charging me flat rate of 2 PP which is like 80 dollars just for coin withdrawal. I was so shocked and think of that as daylight robbery lol.  Grin I might try to trade some USDT/BTC at some point down the road, if I make good multiplers in alts next year so let's see how it goes.
full member
Activity: 1750
Merit: 186
Im curious but when you sell btc for usdt... you then get a usdt balance right?  I know its a crypto so if sell btc, you going to get x amount of usdt?  Then when you want to say buy btc, you buy it with usdt.  Then sell it for usdt?  So say after 2 profitable trades, you would have higher usdt that you started with right?  However what if you are trading altcoins?  The thing is if you buy altcoin with btc at a price say 5 dollars.  Say price goes to 8 and now you want to sell it.  You sell it for btc.  But do you then immediately sell that btc to usdt?  Because if you do, then you realized an actual usdt profit as oppose to holding to the btc where if it drops, you would lose assuming you sell the btc later for a loss?  Thus you would have a gain on buying/selling of the altcoin but then a loss on the sale of btc?  And the amount of the loss on the btc could be easily more than the gain of the altcoin?  Thus if you want to lock in profit, after you sell altcoin back for btc, you immediately convert it to usdt?


But in the end when you sell the bitcoin to get money in your bank account, you cannot do this on bittrex right?  Thus they dont allow bank transfer or wire with the usdt since its a cryptocurrency?  Thus you would have to use an exchange like coinbase/gdax/gemini to get the actual money in your bank account.  The usdt on bittrex is basically a way to hold usd right?
newbie
Activity: 3
Merit: 0
Thanks for the welcome!

Actually yes, the main fee from bittrex is 0.25% for trading and then you have to pay the "network fee" you know... for miners.  Roll Eyes
full member
Activity: 364
Merit: 105
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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?

Firstly welcome! - I would say that you can try all 3, personally I never really trade the eth markets as I don't feel the need. The BTC markets are good for as you said trying to grow your bitcoin holdings. I tend to trade these markets whenever bitcoin is rising because I wouldn't want to lose out on the bitcoin growth. When bitcoin is falling the USDT markets are good because you can effectively short currencies. I wasn't aware that there were different fees across them, I thought it was a flat 0.25%
newbie
Activity: 3
Merit: 0
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?
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