Topic: Which is the best option: BTC/USD or BTC/Altcoin (Read 188 times)

Then if that's the case I would use the method that what we do about the drop to minimize the loss. There's a method they call that Sell Low then Buy Lower. In that kind of method you can say that I'm loss in the trade but to buy more lower will gain some profit not so big but at least I minimize my loss.

Generally I trade on BTC/USD but the way market is fluctuating I have started trading on BTC/Altcoins too. Now a days I am making more money on BTC/Altcoins like Ripple, Monero and ETH. I believe that it would be a wise decision to diversify trades and keep our investments in both BTC/USD and BTC/Altcoins.

I prefer trading with pair BTC/Altcoin because will be many option to choose it and the promising higher profit than pair BTC/USD. Indeed trading on pair BTC/Altcoin more difficult because we should analysis 2 price, price of Bitcoin and that altcoin, but there are many more opportunity to gain bigger profit.

I prefer BTC/USD (or instead of USD, my local currency). This way I avoid the AltCoins fluctuations, better to have a stable currency as "checkpoint". However, I don't do this in a daily basis, I trade only when I see a safe opportunity. It means I enter the game only when BTC is losing some considerable strength (like now), and I sell when I think the profit is enough for me... I don't know about any secret strategies and I don't think anyone will reveal it if they know one, otherwise it wouldn't be a secret strategy. 

I realized this when I made BTC/USD trade for a few days


This is a good strategy, but in the month of October until December 22 it was difficult to predict bitcoin prices even following the news.


This is my main question... I saw comments from people talking about their strategies and how I lost some money doing BTC/USD trade, so I thought about listening to other people's strategies.



I also think that way, but I will give an example that happened to me, I bought siacoin last year and the price of siacoin was 311 satoshi with the high increase that bitcoin had the price of siacoin fell to 60 satoshi in that case you would continue holding or would you sell at a loss? this is my point, you do not have a "backup" for these situations as something like reserve bitcoins for cases of losses like this that you would buy in the 60 satoshi and would sell when the price increased and you would minimize the losses.


The problem is when you buy bitcoin for example at a price of $ 17500 and the price of bitcoin drops to $ 10,000, and that is why I am asking these questions because I believe that someone who makes day trade knows what should be done in these situations



I already lost train, ETH had dropped to 0.03 btc and that was opportunity to buy, now the price is very high and risky


 

I saw it now

I think it depends on the situation on the market. With quiet time, it's more profitable for BTC/Altcoin. But when the market is not calm or the cue ball is overbought then I would prefer to trade from the dollar (usd/usdt). Of course with usdt so far not everything is transparent, today by the way read the news that Bitfinex and Tether(usdt) got subpoenaed by CFTC and market is bearish as a result today.

with this unstable market situation, I think trading pair btc / usd is still okay, (just for moment like this).
whereas btc / alt also depends on what altcoin is trading, if ethereum it is better to be long-term

Then I will just hold it until the price goes up again and make my profit. I don't usually do stop-loss on my trade. If the coin is a shit coin and also not a good project maybe I can use that method. I only choose to trade coins on the top 10-20 coins listed on coinmarketcap.

I do enter into trade often, and most of the time depending on the market used to select the trading pair. At times the growth of btc/usd seems to be high. By that time used to do the btc to USD trade and other than this while converting to fiat btc to USD is done. When it's to make an earning in a short used to do bitcoin to altcoins trading.

Amount that you can afford to lose should be the best capital for all traders, this to avoid a very big unexpected lost. We should know our own limit.


Very rare because I do not trade BTC/USD, most of the time I do trade BTC/IDR because I'm from Indonesia. How often? Not really often because it is not so profitable to do day trade BTC/FIAT for traders with small capital.


I look at the recent trend only.


Nope.

I do prefer BTC/Alt for day trading because the chance to get profit is bigger than day trading of BTC/FIAT.

best option in what aspect? 

I am  prefer with  BTC / Altcoin. So I can continue to compare with other market price with the price in my local market.
provide some other market comparison may help to take the arbitrage opportunity in the legal state market for the foreigner to join.
my capital not much around 2k usd . i just take profit with artbitrage adtavantage in some exchange.

It actually depends, I usually trade depending which one will I gain more. I actually trade BTC/USD when I opt to withdraw my money. I sometimes do it to if I have an altcoin that I want to buy, and it can be bought cheaper using USD. However, when it is cheaper to buy an altcoin using BTC, I don't trade BTC/USD.

I understand



I realized that if you trade with 1 btc minimum you have a good profit and less than 1 btc has little profit


I understand, I'm trying to understand the advantages of doing BTC / USD trade


I thought it was more practical to use technical analysis in the pair BTC/USD, but by the looks it is also possible to use technical analysis in the altcoins. honestly I do not use technical analysis, used a long time ago



let's suppose that neo has the price of 0.013 btc and you have already seen that in the graph indicates the reversal of low trend, then you buy this price of 0.013 per a case your analysis is wrong, what is your back up? something that would save you in case of loss?



I read somewhere somebody commenting about his secret strategy


It's a great way to see things.

BTC/Altcoin

I prefer Bitcoin to altcoins to middle-term. usually, I looking for altcoins go down in one week provided that altcoin could rise in the next week,  for trading BTC / USD if I need money to spending in the real world

I do both but I prefer Bitcoin to altcoin for short term trade and Bitcoin to usd/fiat for long term trade. Both can be profitable depending the markets movement.
There is no best capital for trading Bitcoin and even small amount can make profit but to be able to earn good/decent amount of profit on trading BTC/USD you have to have a huge capital, how much money? I'd say depending on how much capital is huge enough for you.
I don't usually do day trading. But every time Bitcoin price drops 10% or if it crashes I will always buy.
Yes technical analysis is applicable in trading Bitcoin but not in Bitcoin/altcoin trades, because most of them are just pump and dump cryptocurrencies, and their growth are dependent on those big investors/whales.
There is no secret ingredient for any people to be successful on trading cryptocurrency, we are all just speculating.

I trade in bitcoin-altcoin. For me, this is the best option. There are more trading pairs. Means more vohmozhnostey to earn. When bitcoin is in the flute - altkoinov quite well rebound and this can be good to earn.

Well right now I'm trying BTC/USD at Gdax. I'm just starting so I have a very small amount of money there (started with $500, and I'm very close to $1000 now). The reason I choose Gdax was because of the ability to trade with no fees there, which is great for small bankrolls, and for really fast and small trades.

Most of the times I use my entire bankroll on every trade, so it's very important for me to be able to get in and out of trades with no fees. I'm using technical analysis to set my entry points, and define the range of my scalps. Almost all my orders are set in advance, so I can be a market maker and trade with no fees. The only exception to this is when I really need to exit the market because the price is on a clear down trend, and I know I will never hit my orders.

As for secret strategies there are none really. You need to slowly learn technical analysis and act on that. Trading is all about reading the charts and acting on the signals you are given (RSI, volume indicators, inside bar breaks, exponential moving averages crosses, setting up support and resistance lines, etc). You need to be able to know how to use all those indicators on different time frames, and act on them. Have a stop loss ready if things don't go your way, and slowly take some partial profits as things happen the way you want.

I keep monitoring the charts, and I set up some email alerts of things that I'm expecting to happen (like an inside bar break on a certain time frame, or the break of supports/resistances). Once I get those alerts I try to make a trade.

For me its BTC/Altcoin, Because my aim is to make the portion of my bitcoin grow. No matter what happens to the value of it, when I saw my satoshi is increasing its the the best for me. I think if you really have to lock up your profit in every trade you will have to stay on BTC/USD rather than BTC/Altcoin.


For me there's no best capital in trading. You just have to put the money you want to gamble in trading that you can afford to loose. Also the more capital you put, the more profit you will earnn.


It is when I will cash out my money. When I turn my BTC in to USD, thats the time I use this pair.


No, I don't but in BTC/Altcoin pair Yes. I'm new into trading but I try to figure it more how it work. I'm using the RSI and MACD strategy.


I don't think there is a secrete strategy in trading. If there is a secrete on it, I want to know also what it is.

I decided to create this thread to discuss whats is the best option? trade: BTC/USD or trade BTC/Altcoin?

- What is the best capital to meke trade BTC/USD?

- How often do you make day trade on the BTC/USD pair?

- Do you use technical analysis to make trade BTC/USD?

- Is there any secret strategy?

Feel free to share your experience.