Why only a Bitcoin trading pair is the best thing? - page 3.

taufik123

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Quote from: rat03gopoh on April 10, 2023, 09:34:52 AM

Quote from: Negotiation on April 08, 2023, 09:25:35 PM

Do you think there could be anything other than Bitcoin in terms of long-term planning?

General investment advice is diversifying long-term assets into multiple "bluechip" coins/tokens, those with several different use bases with at least managed to maintain a top marketcap position for several consecutive years. Some consider it assets with nearly bitcoin worth of long-term investment.
However, people's opinions differ.

Good advice when using a diversification strategy with some tokens or coins that have good potential for the long term.
Maybe you will talk about ETH, BNB, and some other top altcoins that have good potential for the long term and are able to maintain market capitalization positions.

About the risk of holding altcoins for the long term, it depends on the development of the chosen altcoin, even though choosing the top altcoin is still a high risk.
We should learn from the events of LUNA and FTX, it will be a pretty clear reminder of how terrible crypto is.
It has been at the top for quite a while, and in just a matter of hours it finally became a Scam.

Quote from: Sebas.tian on April 10, 2023, 11:54:21 PM

-snip-
I think, Bitcoin team are more active than others cryptocurrencies team because the price don't take time like other cryptocurrencies before it will hit higher in a way traders will experience bullish market.

Team Bitcoin? Maybe you mean the strong community on Bitcoin.
Cryptocurrency also includes Bitcoin and altcoins in it, so all developments are related.

Bitcoin is stronger and more recommended for the long term.
Everything depends on Bitcoin and a bull market will come if Bitcoin starts to rise sideways at a bullish price.
Bitcoin season, Altcoin season is the most awaited.

shushu9977

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I believe that Bitcoin is best coin coin in crypto world. Personally, I invest in bitcoin when I am like to be a newbie trader. At present, I know the crypto currencies World. Beside btc, I like most to invest in bnb, waves, mana, shib inu etc. you can also invest top ten crypto currencies.

death69

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Quote from: Yamifoud on April 10, 2023, 07:29:27 AM

Bitcoin is the best coin for long-term investment but if we talk about trading pairs, I'd say no. I've tried different coins, altcoins to be particular and honestly, you can really notice the difference when using Bitcoin as earning huge profits is likely possible to happen far from what we got from BTC. Maybe you would try it as well to see the difference and to let others know that Bitcoin can't be all good in all corners of the market, it is just more suitable for investment. I believe that those projects that come in hype certainly give us a profit and usually traders looking for that.

Bitcoin's the bee's knees when it comes to investing, the cream of the crypto crop, if you will. But when trading's the game, well, sometimes it's more like a wallflower than the belle of the ball. Sure, it's a safe harbor for long-term bets, but using it as a trading pair can feel like grooving to the dullest Muzak.

The altcoin scene's bursting at the seams, just itching for some dance floor action. Branch out, try new pairs, and you might find yourself boogying to some sweet, unexpected jams. Who knows? You could even stumble upon a new fave coin to trade.

Now, that's not to diss Bitcoin. It's the trusty, dependable sidekick that's always got your back, even if it's not the most electrifying. But sometimes, you just wanna let your hair down and gamble on a wildcard.

So, next time you're feeling trapped in a Bitcoin funk, remember there's a whole altcoin universe out there, ripe for exploration. No telling what kind of smooth moves you'll cook up!

Sebas.tian

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Bitcoin is good for long term trading, which many traders has been into over some years and they are doing perfectly well than others cryptocurrencies traders. There is one thing that made many traders to quit some coins just to be focused on Bitcoin only, because they came to discovered that whenever the price of Bitcoin is pumping in the market other cryptocurrencies will be pumping along with Bitcoin. I think, Bitcoin team are more active than others cryptocurrencies team because the price don't take time like other cryptocurrencies before it will hit higher in a way traders will experience bullish market.

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Quote from: Negotiation on April 08, 2023, 09:25:35 PM

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?

to so many, Bitcoin happens to be the only crypto currency available in the market so what do you expect of it??

Anything that is most talked of and engaged in tends to get the most reactions.

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Quote from: Negotiation on April 08, 2023, 09:25:35 PM

Do you think there could be anything other than Bitcoin in terms of long-term planning?

In Crypto currency world I don't think that there is any others better options like bitcoin . Because Bitcoin is perfect for both security plus profit. Bitcoin is one of the best digital assets. So there will be no question of how Bitcoin will be for the long-term, practically if we look at the previous history it will definitely be good. But since you have mentioned trading pairs here, I would say that selection of trading pairs really depends on personal strategy. It can be different for everyone on those uses

rat03gopoh

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Quote from: Negotiation on April 08, 2023, 09:25:35 PM

Do you think there could be anything other than Bitcoin in terms of long-term planning?

General investment advice is diversifying long-term assets into multiple "bluechip" coins/tokens, those with several different use bases with at least managed to maintain a top marketcap position for several consecutive years. Some consider it assets with nearly bitcoin worth of long-term investment.
However, people's opinions differ.

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Quote from: Negotiation on April 08, 2023, 09:25:35 PM

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?

Is there actually anything like a long term trading?
Could you be referring to investment? If so, bitcoin the king is the best option for a long term investment.
Trading BTC pair doesn't make the desired movement than traders want but I like BTC trade pair during bear market.
If you gain, your profit would be accumulate in the bitcoin and this may turn to a great news during bull market trend.

Flexystar

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Quote from: Negotiation on April 08, 2023, 09:25:35 PM

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?

There is no other pair other than USDT may be considering its stability point of view. If you think that trading alts with other alts is beneficial then that thought is not wrong as well. The reason is simple: as long as you are able to trade against other pairs with good volume and your orders are getting fulfilled then you are already doing great.

The only concern is volume and not the price. For any trading pair with only slightest accuracy prices are one and the same. Otherwise we would have been doing scrapping and leaving the trading behind us.

Most of the time bitcoin is good due to it's volume, and little hiked price. But as such I don't think it matters a lot?

Yamifoud

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Bitcoin is the best coin for long-term investment but if we talk about trading pairs, I'd say no. I've tried different coins, altcoins to be particular and honestly, you can really notice the difference when using Bitcoin as earning huge profits is likely possible to happen far from what we got from BTC. Maybe you would try it as well to see the difference and to let others know that Bitcoin can't be all good in all corners of the market, it is just more suitable for investment. I believe that those projects that come in hype certainly give us a profit and usually traders looking for that.

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Quote from: noorman0 on April 10, 2023, 05:27:50 AM

Quote from: Negotiation on April 08, 2023, 09:25:35 PM

-snip-
and vice versa the chances of losing from other coins or tokens will be much less.

Bitcoin pairs can also make you poor in just a few minutes. Since the volatility of bitcoin pairs is usually too small even in futures trading, exchanges today offer even 100x leverage specifically for bitcoins.
So people can still pursue greater bitcoin risk in certain types of trades and in certain ways as well.

That is right --because it is high volatility many traders are willing to grab the opportunity. The high volatility of bitcoin, combined with the availability of leverage on some exchanges, can amplify these risks even further. It is good for traders to be aware of these risks and to use appropriate risk management strategies, such as setting stop-loss orders or using smaller position sizes. Because for me, there is no perfect pair for trading that will suit every trader's needs and preferences. The best trading pairs for you will depend on your individual trading strategy, analysis, and technique.

Getmon

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In some ways, Ethereum and Bitcoin are comparable coins. Numerous altcoins are growing yet they were outperformed by the newer coins in each cycle. On the other hand, Ethereum has dominated all other altcoins for the past years. However, I still prefer Bitcoin pairs to Ethereum due to my familiarity with it from the early days I trade crypto currencies. The fact is, I have not tried trading with Ethereum paired with an altcoin ever since. For my primary pairs, I only use Bitcoin and USDT for trading.

noorman0

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[Nope]No hype delivers more than hope

Quote from: Negotiation on April 08, 2023, 09:25:35 PM

-snip-
and vice versa the chances of losing from other coins or tokens will be much less.

Bitcoin pairs can also make you poor in just a few minutes. Since the volatility of bitcoin pairs is usually too small even in futures trading, exchanges today offer even 100x leverage specifically for bitcoins.
So people can still pursue greater bitcoin risk in certain types of trades and in certain ways as well.

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I don't know I always thought USDT trading pair is the best thing actually, or if not, the USD "pair" that is available direct on exchanges.

I remember Binance and Bittrex charge something like less than 10 cents commission for that but if you trade BTC the satoshis add up to several dollars per trade.

The liquidity is even bigger also on stablecoin/fiat pairs (since it's literally limitless).

Crypto to crypto of course BTC wins every time. Except in DEX

death69

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Haha! Your point comes across loud and clear. But, I have to say that bitcoin trading isn't a perfect fit for all. However, it's worth a shot, right? You never know; you could unveil a hidden aptitude for trading Bitcoin and morph into the next crypto mogul! It is, therefore, crucial to zero in on a trading strategy that gels with your character and goals. There's no shame in looking elsewhere if some aspect of Bitcoin's characteristics or risk profile doesn't sit well with you. After all, the sea teems with possibilities – or rather, the market brims with coins! Ethereum, Dogecoin, Shiba Inu – the list goes on for long-term investment opportunities. As for me, I'm partial to coins with substantial volume (though bitcoin's volatility doesn't suit my trading style).

irhact

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Quote from: Negotiation on April 08, 2023, 09:25:35 PM

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less.

Bitcoin pairs are more popular and among one of the first trading pairs to be listed on any exchange, if you concentrate on just Bitcoin trading pairs, you'll take away the wait on exchanges listing the altcoins pairs you intend trading. Bitcoin trading pairs also have very high volume trading number which gives you security of been able to sell your coins at any moment because of the liquidity that's available.

Trading altcoins pairs can be very dangerous because the altcoins can stop having value or reduced significantly in value at any moment as a response to hack on their platfom or their blockchain having some faulty issue like with Solana that gets blackout on a regular but with trading just Bitcoin pairs you know you're saved from all those dramas.

Awaklara

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for investment indeed Bitcoin will be very good in the long term. I don't understand what you mean regarding long term trading. which means, do you allow your assets to be exchanged by setting selling prices far enough?
for trading, maybe not many people will do that. it's quite risky. although it could use a stop loss.
although I haven't traded much lately. in trading, you will pay more attention to trading volume, which sometimes altcoins like ETH even have a larger trading volume than Bitcoin.
still, every trader has their approach and strategy to manage their trading.

GreatArkansas

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Quote from: Negotiation on April 08, 2023, 09:25:35 PM

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin,
(....)

I believe it's because most cryptocurrencies just correlate with Bitcoin's price. With Bitcoin's dominance being extremely high, no doubt why the Bitcoin trading pair is always the best when you do trading. Because even if you trade on other pairs, if Bitcoin moves, there are a lot of percentages they will follow Bitcoin, pump, or dump.

Captain Corporate

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This is what I try to do when I trade as well, I try to get more bitcoins. Most people these days feel like they are aiming at making more dollar profit, and I understand that because in the end it looks like we are talking about cashing out and living a rich life and that is the end goal here. However I feel like the best thing for me is to have as much bitcoin I possibly could have and that in return means that I get to have more money anyway, just need to wait. So even if the market is crashing, and the dollar value drops, if I made more bitcoin than I used to, with a single trade, I consider that trade as a win in my book because that is my goal and will always be the one.

Baofeng

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Quote from: Negotiation on April 08, 2023, 09:25:35 PM

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?

You mean the returns of our investment is Bitcoin is less than altcoins? yeah, that's true, but the thing is that Bitcoin is less likely to fall from pump and dump and manipulation as compare to altcoins. So for long term, it is advisable to stick with bitcoin. Just remember that we talking long term investment, it could be subjective, but the best approach will be like a full cycle of holding, bear->bull. Meaning you buy when the price is down in bear market, accumulate and then hold till the bull market and at least time when we are about to peak, all time high and sell and make that profits.

If you are going for a prime mover altcoin, the best bet could be Ethereum, in my opinion. There could be others like BNB, ADA or those in the top 10. But there we still need to be very cautious and not put huge amount of them.

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