Bitcoin Forum

Maybe someone expierenced or Ben can help me with this - I am having real trouble grasping whether to be trading against BTC or USDT? Many seem to say BTC, but I have been in situations when trading alt coins against BTC and they are 4 % up yet I have lost money because both were down against USD.



Is there any simple rule of thumb as to when to trade against USD and BTC?


Maybe always trade against USD unless BTC is in Bull Mode /?

Bear market trade in usd, bull maket trade in btc.

and how about today when all seems a bit uncertain / sideways?

further to my post - I think some of you will ask my goal more BTC or USD?

To be honest, - BOTH!

But if I am always trading against USDT would that not also naturally increase BTC?

I always trade with BTC pair, because I do prefer to hold or collect more bitcoin. I have personally target that I'll tethered my bitcoin when its already $20K/BTC. Trades altcoin with USDT sometime make me lose in BTC estimate value then BTC prices go up and altcoin dump as usual.

In my opinion, trade with what you want to accumulate. Are you trading to increase your BTC holdings for a bigger long-term investment holding? Trade against BTC. Do you just care about USD profits and couldn't care less about bitcoin? Then trade against USD.

so you guys trading with btc - do you not trade into USDT when all is going down? So is it not better to focus on the stable coin as base currency which will of course increase your BTC over time?

I have never traded with USDT, all in to trade for BTC / satoshi's. I think you have adopted the strategy of most traders that are trying to save their assets through USDT.

If you have failed with it as a base pair, try something else which you think that you can excel. You don't have to stay with that pair if you keep failing, you need to search for something that will make your trade better.

I trade BTC - USDT, for example:

When the price is too high, something like $13000 I sell my bitcoins and get USDT and then I wait for the price to drop a lot and I buy BTC, then I wait again that the bitcoin price goes up a lot to sell and have USDT and when the price drop I buy BTC. With that I accumulate more BTC... of course there are risks and you should always use Stop - Loss

At my own suggestion, you should have them both separately.

Here's my own sample below.

$1000 value in BTC to trade with an altcoin. Focus your $1000 value in BTC to altcoins.

Then, $1000 value in USDT to trade with BTC  

So that you don't lose the opportunity to make a profit on both of them. Because the movement of the price is not stable and you don't know what will be the price of the coins and BTC in the next day.

It's an option but not "always".

Since you are confused, you might want to test what will be the outcome if you did both.

You might saw others gaining advantage on that strategy however, that's not always the case to all. Goodluck.

Looking the current state of the cryptocurrency market, it is advisable to always trade against either USD or USDT. This helps you the trade to minimize your risk of losing funds in case Bitcoin fluctuate. The volatility of Bitcoin makes it reasonable to trade against a more stable coin like USDT or USD.

This is the best practice to accumulate bitcoin. As the market of bitcoin is fluctuating so is the market of altcoins. This will cause some form of complications when we do trades against bitcoin. Selling for USDT when the price is high and buying back bitcoin with USDT when there is drop in the price gives a easy understanding about increasing the way to accumulate more bitcoin. In the place of USDT some other stablecoins can also be considered.

There is no rule to trade against USD and bitcoin, and it depends on what we want. If you're going to increase your bitcoin amount, you can buy bitcoin when the price is down and sell when the price is up.

It is a simple example to trade USD pair bitcoin, and I hope you can understand.

For example, you have $10k, and the bitcoin price is $10k. In the next hour, the price will be $9700, so you get 1.05263158 btc.
Then in the next hour, the price increase at $10,500, and you sell 1.05263158 btc to make a profit for $11052.63159.

If you can repeat the process, I guess that you will have a chance to increase your bitcoin and your tether at the same time.

But that will be different if you want to trade bitcoin pair altcoin, but the basic is the same.

it depends on your goals.
everyone who is in the market wants to make profit and they are mostly "investors". this means they want to invest in something that has a long term potential and that thing is bitcoin. so what they do is that they initially buy bitcoin then to increase their "bitcoin" they trade altcoins.
so when bitcoin price goes down they don't care because they are still increasing their bitcoin possession and in the long run that will be a lot more profitable.

by the way, even if you wanted to trade against fiat you must choose "fiat" not a fiat equivalent such as another altcoin called USDT.

Personally, I always trade-in BTC terms. I value my portfolio at a BTC value, due to the number of altcoins I have, and because the USD value doesn't matter (because I rarely cash it out).

It'll really depend on a lot of factors, for example, if you are mainly holding BTC, you might want to think in USD terms. If you hold a lot of altcoins, think like me.

It'll also depend on what you are thinking with the portfolio. If you are cashing it out soon, you might want to set a fiat goal, but since I have no idea what I'll be doing with my BTC and altcoins, I think in BTC terms.

BitMaxz has a pretty good example of combining both methods, that's pretty neat.

You will also need to factor in the available liquidity.

Even for a large exchange like Binance, their USD-based order books are much smaller when compared against the BTC-based order books, so there will be some price difference. If you place a large order for a USD-based pair, you may find that the price you get is unfavourable when compared against the BTC-based pair.

So the majority of you are just sucking up when you seed USD value lowering and just focusing on making sure the BTC value is consitently rising?

How about try both? that way you should be able to tell which is more profitable to you. Also, it's not like USDT/BTC pair is the only trade-able asset here in cryptocurrency space, there are a lot to pick from. If you really are having a bad time profiting in altcoin, I suggest that you go against USDT as the price is stable. Although I seldom trade, it's working for me if luck's on my side. Also, trade with the highest volume.

most altcoin exchanges don't have fiats like USD listed and for good reasons since they bring about a lot of problems including KYC. so i always prefer trading against bitcoin. we are in a decentralized market and we should treat it accordingly too, which is another reason.
and finally as others also said, it is all about increasing the amount of bitcoin i own so trading against bitcoin helps with that.

Maybe because most of us are believing in Bitcoin that’s why all we want to do is accumulate more bitcoin as possible.fiat is easy to have and besides this is what we use in daily living while bitcoin is for the future.

Partially yes that’s what we intend to do but you know crypto,specially bitcoin that there are concerns about manipulating and besides we only owned small part compared to whales so basically they are the one who controls the market

Very correct the market condition should determine the whether you trade in USD or BTC. But in most cases I prefer trading in bitcoin since the market is highly volatile and can change at any time.

When the price is not going up at all after I see that I have earned some little Dollars from buying bitcoin, I quickly trade it into our local currency to prevent further loss.

But most high-value investors don't care about price drop they just wait for another big ups to sell their Bitcoins to USD. as for me I keep the minimum risk when I buy it on $9k I wait for 10-11$ to sell it. If not moving to 10k then sell it as soon as possible.

I advice to trade against btc as no matter what you have it will be better than USD cos USD never increase non reduce but stagnant , but no matter what the price of btc to alts you will still have some advantage regard the profit or loss bit will eventually pay off as it can boom any time.

But shorting and longing is a straight yes for USD and entering it should be very careful with and has to be a very low leverage as its volatility can be mad at times.

Why don't you try both trading against USD or BTC? If your main goal is to increased your funds via BTC or USD, you can determined that by real experiencing  which one is better. But as for me, I always trade against BTC. The volatility still gives me profits whenever it has a bullish movements. If you want to be safe when there is a continous drop in bitcoin's price, then go for usd.

You need to have a sets of plans like this in order to continue surviving from this volatile market, with your good anticipations you'll be able to convert little profits from your short term trades, it's a matter how time table you have and your target amount of profits to take,  you can wait for long if you have good source of income and the money that you are using is for investment purposes, you can then maximize and generate bigger.

Bitcoin is the main currency here, it is stupid to calculate the dollar you can trade Bitcoin as a dollar you can only trade as a dollar then you can calculate your profit or loss in dollars. If you think about the dollar you cannot calculate your profit loss on cryptocurrency must worry about bitcoin.
 

Well, that will make him confuse because he needs a high-skills to trade so he can get the right time to buy in each pair. Not all traders can do that, especially if the market is unstable like today, but it is not impossible to do. But that could be a way for him to grow his bitcoin and usdt at the same time, especially if bitcoin is down today.

If you feel one is not working for you, then you can give the second one a little try also to compare which of the trading pairs is really in accordance with your level of understanding and your strategies because everything still depend on you, there are some people that trades better on btc, usd while some trades better with usdt, I think it is about your strategy, I mean what your skills and strategy permit.

I do work with both, and there is none that does not word for me more, although now that we have bull run of bitcoin already, I think it is better to trade altcoins against btc, which is what I think may people does a lot now, and also believe reason why altcoins are all bleeding because many people are trading their alts again btc and not usd.

You can use USDT if you bought your altcoins using USD but most of the time we bought it with BTC since most exchange don't have fiat deposit so always trade against BTC then only you can make profits but lot of beginners do the mistake of trading against a stable value then losing there capital gradually.

Simple rule of trading is "Buy low and Sell High".

Altcoins are bleeding because Bitcoin has been outperforming most of them. If they can't keep up in % USD gains, then their BTC equivalent will drop. If you look at the USD price of altcoins, they have been performing fairly well.

People expected altcoins to go back up when Bitcoin would start correcting, but after going from $14,000 to $9,000 altcoins went down with Bitcoin instead of going up. Another thing is that people think that because altcoins have gone down a lot already, they can't go down more, but they obviously can go down a lot more.

I also support your proposition. In this case, you have twice more opportunities to make money. Besides, you will understand what is better for you - to work with fiat only, or involve in these operations cryptocurrencies. Crypto market is volatile, and if you catch the right moment to trade, the profit can be great, bigger than that one, which you can get dealing with the USD.

this the best advice you can get from your trade. since you are a newbie and you find it difficult on how you can earn from trading against BTC in a normal market. the idea behind trading with btc in a bull market is to gain in double fashion. as the token price increases, BTC Price also increase. you earn doubled in price as well. the reason to tread in btc during Bull market.

Trading between usd and bitcoin is more secure instead of other currency. It won't change very fast at huge amount of fluctuations, that's why the market has gained sustainable and stable movement. Usd has minimal trend to go down, so it continues to grow profitably together with bitcoin even the situation isn't that quick.

There are many ways for you to trade successfully.
You can learn about Technical Analysis to learn more about indicators and signals for more reasonable trading.
When you have learned about TA, all transactions are simple and you will have a higher percentage of wins.

Maybe my strategy when face something like you is, i trade with BTC. But not sell it immediately when BTC price down. For what we always count it in USD if we not want to sell it. And if BTC price keep down, it means i must trade again and gain more BTC to get more money when BTC price is down if compared with USD. I think that simple thing because if we already trade in BTC, we must ready for anything that happen. If we already get profit from BTC, and BTC price againts USD is increased, OP might be not created this thread because he get more profit from it.

I am not very good in trading. But I am a longterm in trading. I have a buy orders in Bitcoin at $3k price. I believe Bitcoin might go several 3k to 6k and back to 3k again before the massive Bitcoin bull run.

Only trade if you are sure that the time is right because that will help you to determine the right coins to buy and sell. Sometimes we need to move from bitcoin pair usdt, or bitcoin pair altcoin, or altcoin pair usdt. I think only we that will know when is the time to trade against bitcoin or usdt because we used a different method to analyze. But one thing that we should know that when the price is down, then that is a good time to buy the coins and prepare to sell if the price starts to moves.

Well it looks like you already have the answer and being hard headed for other opinions.
You should try again.
You said you made profit with BTC against altcoins. Keep that working.

Waiting time is your enemy. You are being impatient. If you have the ability to grow the number of bitcoins that you have then it is already a good sign.
Do not look at BTC to USDT for now.

Bitcoin price at this time is more likely to go down, you will not maintain your earnings unlike USD because the price is stable like if you want to rest for a while from trading you will not worrying about it just hold in USD.

if the current market situation cannot be stable maybe using btc can be better, because when btc increases in high profit can be obtained. using usdt will only provide security guarantees, without large profits like using btc

Generally i trade with BTC but sometimes i also fall into the trap like this. I think BTC trade is best in bull market and bear for USD. I don't know but somehow i think USD is the best option because USD market price don't drop hugely. But in many times you can see, you sold some coin with BTC, you collect it for buy some new coin after finish your research but next day you see BTC dump. You loss some bucks. It's happen to me and it's too much frustrated.

Don't listen to them, trade with what you like and make you profit more easily. Because for me it makes no difference trading in BTC or USD, so please adjust to your own needs. If you want to multiply your BTC then please trade with BTC, but if you want to make more your dollars then please trade in USD. Determine goal from now on and then trade without having to be confused anymore.


So if you prioritize fixed profits, please use USD in trading. But if you want to hold bitcoin while trading then use BTC as your trade. So my advice, it's better to trade in USD if you are a daily trader, crypto market fluctuations are so high unless you accept all the risks.

When you trade against BTC you are exposing your positions to BTC's innate volatility. Particularly in futures trading, when you short BTC using BTC, you lose more than you should since your margin is less valuable along the way. (It sometimes can be a good thing though, doubling your profits, when you have confidence in your bullish predications over BTC.)

Therefore stablecoin and USD could be a better cash than BTC due to its stability. This means better predicability, and makes it easier to use, even for some sophisticated, professional traders. This is why we introduced USDT-settled pairs (https://www.basefex.com/trade/BTCUSDT) in addition to BTC pairs.

Agree.
For day trader or anyone who seek returns in frequent, short time window trades, trading against BTC might make some sense IF you are comfortable with its volatility.
Otherwise, especially when the price is going down, USDT could be helpful because you won't be shorting double.

How did you knew that lose monet when you traded with altcoins to bitcoin?
That just means you are already in conversion while doing it or the exchange have that kind of feature.
Take that out.
If you are trading a coin to another coin then you are making profit by gaining more of the preferred coin.
Stop the conversion thing. You only do that with USD vs any coin.

But be careful when you choose bitcoin pair usdt because the bitcoin market was moving so fast and if you don't have enough skills, I don't think that you can make a profit. It is better to calm for a while and see what will happen later. And if you think that you can follow the market, you can enter the market, make a little buy order while you can wait again, and if the price is down deeper, then you can buy more bitcoin. In this way, you need more money to buy more bitcoin, especially if you place many orders buy on the market. But I think that not every order buy you have will be filled as the price still up and down.

I have a very basic rule and will usually never make too many losses. For example you have $ 1000. Do not rush to buy Bitcoin because it is recommended by many friends.
Be alert and wait for the value of BTC to fall from 5% - 7%, which is an opportunity for you to spend 33.3% to buy Bitcoin. After that, if it decreases by another 1.5%, you will continue to use 33.3% more to buy more and continue with DCA.
and when you buy all 1000 $, place a stoploss about 2%. After that, you only need to wait 2-3 days, the market will recover by itself and you can have 3-4% in a short time.