Bitcoin Forum

Assume that I bought 1 BTC and price is 8185 USD. I would like to buy ETH with all BTC. Price for ETH is 685 USD for now. In case, BTC is down to 7500 USD. I think that ETH price will be down also. On that situation, how do you think that buying ETH with BTC is more profitable than buying ETH with USDT. There is the transsction fee of 1% in binance. I am confused for that and I do not know how to calculate for break event point. Thank you all friends.

So you are in struggle between using up directly either USDT or BTC? Conversions would always tied up with fee if im on your situation i would rather directly buy ETH with BTC. USDT might have different price but on just a very minimal price gap.If you do hate fee then better on having 1 conversion rather than buying ETH by BTC/USDT-> ETH. Checking out that kind of transaction will really give more tx fee.

If you don't want to get eaten by the fee, you should buy directly btc/eth - eth/btc.

And if that bothers and makes you confuse you should have a fund for buying btc and holding it for long term so that you wouldn't bother yourself to convert again and again when the market starts to shake. Give yourself a break of having a plan for long term hold.

Struggling is real, but if you have an USD accounts in your trading account, why not buy directly buy instead of buying BTC and then BUY ETH? i think you've gone different fees in it, this is only my assumption and computation, but i think its more convenient if you directly bought ETH through you US account., fees may be different  but you can make a study before doing it in you account.

Anyway, i never experience that because my account is always a BTC and altcoins. have a great day mate, hoping for the best to come.

godbless

Thank you for the suggestions Friend! I am quite new for trading cryptocurrency. I wish you have a great success too!

why you look so confused, in my opinion you do not think too much about the cost.
you can buy directly BTC / ETH or ETH / BTC.yang important you have the funds to buy the coin.
I think this is a suitable time to buy the coin, because the price again while cheap.

There is not an absolute answer for this, but for what I have seen in this market when both bitcoin and altcoins are going down altcoins have a tendency to go lower in price in a faster way, this means that it is way better to hold bitcoin than to hold any altcoin, which means there is no reason to hold tether in that particular scenario, but there may be circumstances in which the price of bitcoin decreases faster than the price of ethereum and in that scenario it would be better to hold tether.

You are not totally getting his point which he do ask about on how to lessen up the fees on making conversions from BTC to ETH or USDT to ETH. Price movement has nothing to do since anytime if he would decide to convert theres no much difference at all.The thing he do concerned about is on the fees between transactions.Just like being said above its quite ideal to buy ETH directly with USDT when you fund your account rather than on USDT-BTC then to ETH.You would really still need have the fees.

You should not bother yourself by wasting much of your time,use USDT to by ETH, fee charging should not be the barrier and you will even pay lesser if you purchase directly as i said.