Bitcoin Forum

I have tried trading both Alts/Btc pairs and Top coins/USDT pairs like Bitcoin/USDT, BCC/USDT.

I think the USDT pair is quite profitable considering the fluctuations in BTC and how BTC has squeezed all the altcoins except top 20.

The top coins are anyways growing with BTC.

I do believe that with BTC, ETH will cross 1000$ mark in 3-4 months, Bitcoin Cash will reach somewhere near 5k$ in next 6 months.

Dash will reach 1500$, monero will be near 500$ or above.

And all the below top 20 coins will die slowly.

I think with the surge in coins, only not more than 40-50 will survive after next year.

What do you all think, will this keep going on or just 40-50 coins will survive?

This can be seen as correct or wrong depending on your perspective. Some of the people think trading against btc is more logical since their focus is bitcoin. Some of them like dollar based fixed value rather than bitcoin prices.

Well that depends on your perspective. You still have to pay fees when you convert usdt to btc. If your goal is to focus on usdt then it might be better but I mostly trade against btc.

When I trade with USDT pair, I know exactly how much I am making and losing.

But with BTC pair, I need to calculate a bit more and sometimes I mix up to make loses.

So I prefer USDT pairs from now on.

Do you trade on top 20 coins or lower?

what exchange do you trade with usdt?  How do you cash out to your bank account?

USDT was fully with manipulation, The senseless thing about the USDT about how the developers can be printed the new supply everytime. But as the price will be equal as the dollar and that makes you get the more profit caused by your are not converting your profit into the coin that has big volatility just like bitcoin.

i disagree.
because first of all USDT is highly risky to be involved with. even if you are holding it for a couple of minutes. it is shady at best and it can crash and burn to the ground and burn half the altcoins and some of the market with it.

also majority of people are trading altcoins with bitcoin because everyone obviously wants more bitcoin not more fiat. you earn profit on your bitcoin and the bitcoin is always rising so you are automatically making profit on that too. but if you make profit on fiat you get fiat, end of story!!!

and finally if you ever check the rises, you can see all the pumps take place with altcoins and they go up a lot versus bitcoin. it doesn't matter really if you are limiting yourself to a risky shitcoin called tether or you are freeing yourself and only invest in those coins that have potential for real rise. like those which get pumped 500% in a week.

I trade on Bittrex and Bitfinex. I cashout with local exchange wallets.

So developers can create as much supply of USDT as they want?

But the price will remain stable, I don't understand how this will effect anything.

But no one know when any shitcoin will rise 500%.

Atleast everyone know if they are holding top coins, it will rise one day or another.

We just have to buy at right price and wait for a few days or weeks.

- you can see it clearly on the market. nothing is hidden from public eyes when it comes to charts! you see the rise, in price and in volume, and also see the social media news and hype and lots of other pump indications. and it doesn't have to be 500% necessarily even if you are able to catch 10% of any 500% pump but do it almost every day you still make a lot more than sticking to some "so called top coin"!

- no nobody knows that. the coins that you call top are also getting pumped and dumped but their process is slower and much smaller. when a small one gets pumped 500% these get pumped 30-50% at best and then their dumps are hard because there are that much more people to dump them.