Bitcoin Forum

There are many ways to trade your bitcoins. For you what is the best?

Please clarify and maybe elaborate further your question. I am not a technical person though I am also a trader though not yet on a professional level like some of the members of this forum. Usually, we are using Bitcoin in trading by buying other coins and then sell those coins back to Bitcoin when there is a certain profit to be made. Well, simple as that.

you are mistaken.
the best way to use bitcoin is to spend it as a currency, specially if you are in one of those countries where they have 0 taxes on bitcoin payments that will be very good for you.

trading bitcoin is what a certain type of people do in order to make more profit, that has nothing to do with "using" bitcoin.

Can you be more specific? Your question is very vague. Is it to trade for other cryptocurrencies? Trade for FIAT?

I suggest that you edit your post. Give us a more specific question. We honestly can't help you with that kind of question.

I buy other coins and lately that is not likely a good idea due inflation of the coin and the fortune of BTC. Jeez I hate being stuck in one coin waiting to regain the investment.

All there is a risk, I've also been fooled by a coin that makes me not think positive what has happened.

It depends on what it is you're meaning, but typically when you're going for an exchange where you're going to be trading Bitcoin back and forth, you want to find an exchange where there are small fees and the difference between the buy and sell orders is quite small. This is especially important if you're trying to capitalize on small market movements instead of macro movements that can take weeks or longer to happen.

I personally don't have a preferred platform because each of them are good in their own ways and each platform has their own pros and cons.

Well, your question is pretty broad so I'll answer it on a wide range.

Using bitcoin for trading altcoins

If you are trading your bitcoin for altcoins especially before August the first to protect yourself, I would recommend depositing on Yobit, Polenix, or other exchanges to buy your coins off them. I wouldn't hold bitcoin on exchanges though since it would be unsafe.

Using Bitcoin for trading into Fiat

If you want to trade your bitcoin back to fiat or if you have earn't some and you are now trying to exchange I would recommend exchanging it on localbitcoins.com since it is reputable. Do not trade for paypal unless they are trusted since you may get chargebacked.

There are two ways that you can use bitcoin in trading that I know of.
One you can sell bitcoin when the price is high for cash and buy bitcoin when the price gets low. You earn from the difference, its a good way to earn from your bitcoin. I've seen many people do that and make their names a trusted exchanger.
Secondly, you can buy altcoin with your bitcoin when they are at low value and sell when they are at high and you earn the profit in bitcoin, which you can cash in if you want. By this way, you increase your bitcoin hence your total value.
First one is less risky than the second option because sometimes when your selected alt takes a dump, you have to deal with the loss.

Trading bitcoin is simple yet risky business. If you wish to trade bitcoin then you do so against "Pair of BTC". The pair is one which is being compared with altcoins and bitcoin. The price difference between these two forms your basis of trading. The simplest known way is buy at low and sell at high is what trading for me.


So the end point is you can trade bitcoin in that way. And if you asking in general use of bitcoin then there are various services you can use such as buying goods and services from bit payment acceptors. You can also convert it to fiat and do a real cashout. :-)

i think trading best way waiting for buy or sell. all coin up and down so i tell wait. when you see low rate buy and set up high sell rate and wait some time.

There are roughly 2 ways to trade bitcoin:

1. Trade bitcoin for altcoins and then back to bitcoins: This is one of the best ways to trade bitcoins as it can yield you with the highest profit margin. Trade in other cryptcorrencies such as Ethereum and many more, and then sell back to bitcoin when you want.

2. Trade for Cash: This is another great way to trade bitcoins and is generally less riskier than trading to altcoins. You can buy and sell bitcoins for cash or wired transfers on websites such as Localbitcoins.com. This is one of my favourite sites to cash out on my bitcoins as it is reputable and fast. Paypal can be risky if the seller is unknown as they can easily refund their purchase, while you cannot refund your bitcoins.

Can you make it clear with more explanations or example so we can answer it directly to the point that you are asking.
If you mean to trade you can trade it only bitcoin to fiat or bitcoins to usd perhaps there are many ways more to it is to trade with altcoins you will need bitcoins to buy altcoins then sell when price is high so you have a trade and a profit when it back into btc.

For beginners its been suggested to go with trading of bitcoin to cash. Because here the price changes can be calculated easily and based on that can buy and sell at intervals gaining profit. When this happens for some time period can move towards the bitcoin to altcoin trading which is the best in trading where profiting is high depending upon the knowledge and expertise predicting capability.

Very true. I trade BTC > ALT > BTC. It is risky, but I minimize the risks by choosing a good altcoin to buy, for eg. ETH or DASH, and I ONLY buy when the altcoin is at it's near absolute lowest value.

There are many ways to trading bitcoin.Bittrex & poloniex are best site for trading bitcoin.Also there are new site that is livecoin.

Using bitcoin as a medium for trading altcoin at this time can generate big profits. You should look for the right altcoin in order to generate profit margins as well as greater profit opportunities. For small capital owners I think this is a good choice. For those who have large capital can try to trade bitcoin into money cash as an alternative look for opportunities.

What exactly does that question mean? Bitcoin is illegal and legal commodity. It is used in the Commodities Market. If you're using it and trading then you can perhaps use it as a medium in between Fiat and other alt coins.

What is the point of this question? What you are asking doesn't make any sense.  ::) ???

Are you sure OP is asking for sites where he can trade his bitcoins?  ;D ;D

I did not understand what you are telling here  ;),when you purchase something you are paying everything inclusive of taxes and how does bitcoin payment change those valuations ?  ::) i am not sure what the OP is asking,best way to use bitcoin in trading,just buy coins at a low price and hold for a long term  :P arbitrage was profitable for a long time but now i am not sure about how things work as some of the exchanges delay their withdrawals,it is a good way to make some intra day profits.

The best way to use bitcoin in trading is the poloniex.Poloniex is an online money trading im where you can make your money grow faster and faster and you can make your money multiplied.This can enable you to grow your bitcoin in a short period of time.

You actually consider this a question? If you need this sort of advice that perhaps you don't need to be investing in anything. You need to do your own research, you need to figure this one out on your own or you're going to be at the disposal of every scam artist who will let you invest in his project.

I feel that you are taking its wrong. He may have the enough amount of invest with him. That's why he is asking some tactics about trading. Sharing of your experience will help him for sure. However, even also has the take it as serious and do research about it much.
Now trading is best option you do in bitcoin due to BIP148 and 91. After it is completed you do it in any platform.

I do not believe in bittrex, their activities are very shady and many people that I know always have issues with poliniex. Slow withdrawal, deposit does not show up. Well, if you are looking for a trustable trading platform, I believe that bittrex is the best. However, never trust 100% on any exchange. Mt'gox has scammed many people before

Well, I guess the better and good way I think is use our bitcoin in the exchange platform to buy some other altcoins which is a legit one then its up for the traders if they're gonna trade it for a short or long terms to get profit in the long run. ;)

I am sorry in advance but I don’t think so it’s sagacious to buy altcoins for bitcoins. It’s good to do trading at famous exchanges with bitcoins but buying altcoins or any other coin is not a good move. Personally I feel that bitcoins are an epic asset. One should keep them for as much time as possible. When prices are high, and then convert them to fiat.

To me all depends on the one that you are good at. Some people are very in trading while others are not good in trading, some are very good in gambling while others are not good in gambling. So all depends on the one you have comparative advantage.

He just need an advice for what would be the best and this question may help a lot of new traders. Although he cant invest for now but hopefully if he can get a lot of advice experience he will do this.

And why do you think its a bad idea to buy altcoins? Do you got any proof that bitcoin is a guarateed one? This crypto world is just on its beginning stage thats why to take

advantage on all of its opportunities as much as possible you need to be open mined about it and the things that surrounds it because it'll constantly change, the rise  of the other

cryptocurrencies was also a part of it. well a person who knows about that won't say what you said but not everyone who knows had been a trader but at least they recognized its

potential--that its profitable. trading bitcoin to altcoin or vice versa has been profitable for most people as well as me--probably the best source of my crypto income as of now.

For me i am getting errors when i buy using my BTC
So what i do is i buy a very stable token that you can use to trade
So if i want to buy ETH i would sell that token for ETH and i have it.

This is my strategy how about you guys? ;D

And I still have not figured out. How do I better sell tokens and get Bitcoin. I get an intermediate coin aired and it turns out after every transaction I have a loss on the commission. Apparently I'm very bad at picking up commercial exchanges.

Yes you can hold your bitcoins and convert it to fiat if your desired value is met. But if you use bitcoin in trading, of course we assume trading it with altcoins, then all I can advised is trade with the top cryptocurrency or with higher market capitalization. Do not trade with shitcoins unless you know how to play with it. I mean you know when to enter and exit since it is very risky.

Well for now as i can seen altcoin has slow movement of the price these days compare the movement of the price of bitcoin..
So staying in bitcoin to trade is enough i think but you should always monitor the price and set a margin with alarm so that you can't be late when selling your bitcoin if you madea profit.. but expect that don't sell it all only a percentge ofyour bitcoin because there is possibility that the price of bitcoin can be increase more so only percentage is enough just to get the profit if ever the price is dropping again..
Investing in altcoin yeah don't go in shitcoin much better to invest those who are in a good rankings in coinmarketcap but not guaranteed that you can gain a good profit to stay long with altcoin because there are altcoin that can be active today and next day it drop gradually until it became no value..
So think deeply first and bitcoin is enough to start a trading basic and earn massively..

Trade bitcoin is a way to make it fluctuate a lot, no way to make this digital currency less volatile or has stable price if people still treat bitcoin as a trading object. You can purchase altcoins or convert bitcoin into fiat currency but hopefully it can reach some point when everyone could easily spend bitcoin everywhere, so that we don't have to convert bitcoin into cash instead of just using it in daily transactions.

yea this is good for trade but regularly trader not follow only this rule. if you buy any coin low rate and wait some time you get sure profit.

I think there are several ways that can bring you profits. You can trade with altcoins, this is a popular method, there are many people choose this form and they are profitable. Specifically is buying and selling, buying other electronic currencies when they have a reasonable price, then waiting for a higher price and selling them, you will be profitable. However, at the beginning it will not be easy, you will need to learn to have a bit of skill, knowledge and experience. Besides, you can also save Bitcoin, wait for a higher price and you will be profitable

I used tokens that can be traded to all markets and a stable one.

I chose to trade in altcoin by using safer bitcoins without worrying about missing