Bitcoin Forum

Hey guys

Just a little newbie question

I´ve noticed on coinmarketcap.com that sometimes the BTC is lower than the Dollar (USD). It doesn´t always follow that price.

I´ve bought some coins for X amount for BTC´s ... but when I want to sell that coin, the BTC value is actually lower than when I bought the coin for BUT the USD has price has grown.

So what do you guys look at when trading ?? The USD or the BTC

Thank you

You can use either, and so do most people. BTC's price fluctuates a lot just like the price of pretty much all coins(except USDT), so expect your trade profits to be fluctuating a lot too. And yes, sometimes you can buy a coin/token for cheaper if you use USD instead of BTC, and vice versa.

Need any more clarifications? I couldn't quite understand much what you're trying to say so hopefully I've answered your question correctly.

For me and what i know we must look at the USD because the original money between the USD and tha BTC is the USD you but BTC  by the help of USD like the bitcoin is the toy. So, back to the main topic first I am confuse here but I will try to help you and guessing the real questions that you want to know. I am confuse here because you bought a BTC like for example 1 bitcoin and it turned to 0.199999 btc but the value of USD has grown for it would be looking at the price value that is USD.

Still even I answer this I am still confuse so I would make things short Tthat I think could be a big help BUY
 BTC WHEN THE VALUE IS LOW and WHEN THE VALUE IS HIGH SELL it do not at the bitcoin instead you must look at value USD because when your BCT is low its because you bought something by USD.

If you are thinking of btc getting low when market value (USD) is low btc price will not move unless you Bought something value will decrease the BTC will be deducted of course.

first of all you need to know that when you visit coinmarketcap.com  or any other website like it which is not an exchange platform, all the prices that you see there are average prices that are coming to these websites with a delay. for example coinmarketcap.com updates its prices every 5 minutes.

so if you want to trade something go to an exchange and look at the prices there.
as for which to look at, it depends on what you are trading with! for example imagine you live in China, you don't need to check the USD price, you check the CNY price. so in case of altcoins if you are really trading them with USD then check that price but if you are trading them with BTC which is the common case then there is no need to even know their USD value!

I believe that prior to trading or investing in a particular project you should look at the technical side and see the price of the coin. You can see that the market in the past few days is very exciting as prices of bitcoin and altcoin are constantly increasing and this is the time for you to trade successfully. Buy good coin at an average price and do not buy average coin at a good price.

I think that with a market that is constantly changing and difficult to predict, it is very difficult to make a successful trade, so you need to observe and monitor bitocin prices when trading altcoin. Bitcoin has a huge impact on the market as it accounts for 45% of the market cap. This shows great dominance, you always need to monitor bitocin price to be able to handle in every situation.

Bitcoin, you pretty much always want to look at things in Bitcoin. The reason is because if Bitcoin gains and your coin doesn't gain as much, it would have been better to stay in Bitcoin.

If I buy with bitcoin i consider bitcoin while trading, so also with ethereum and neo if buy with them while trading. I never consider dollar in trading.

It actually depends, if you are in a country where you can withdraw your money directly in USD, if that is profitable for your trade you better trade using USD pair. If not, trade in BTC pair. I look at BTC price since I cannot withdraw dollars and we are not using that currency when we are withdrawing money in our country.

Coinmarketcap shows basically the highest prices that can be traded on the stock exchange. You must always take a few percent of the total.

Go directly to your desired exchanges and look at their current price, there is no need to look at coinmarketcap or any other websites to compare the prices. Just use the exchanges pricing range and start trading because some of the websites that tells you the price aren't exactly the same because they are all have delayed 2-10 mins IMO.

Thanks everyone for great replies.

You´ve answered my question (which was maybe badly put to words  ;D)

But you nailed it.

Have a great day

Theirs is no such thing as the best time to trade Cryptos, so many hold their coins and loose a lot of money through this process when they can actually make a lot of money from trading it. I can guide you with a 95% reliable strategy on how to make 89% of your investment weekly. Contact me through telegram +1 518 622 1291.

Yes, we should observed bitcoin price when doing trade. Because in bitcoin of course where we can earn much money if the price will pumping into the moon. Bullish market of bitcoin is a great opportunity to do trading for profitable outcome.

CoinMarketCap uses an average data from multiple exchanges. You better don't use CoinMarketCap since it a scam(Google "CoinMarketCap scam" you should able to find trustable sources)

That is mean the coin you bought decrease in a pair of Bitcoin, but the BTC/USD price is creasing significantly, so it makes your capital is profiting in term of FIAT.

It depends, if I want to increase my Bitcoin capital, then I trade with BTC pair. In the other hands, I use USD pair.

When trading the prices are not in same stage or same value so I think it will be not a big problem for a traders. The unstable stage very useful for traders to buy when prices are low and sell when high.

You shouldn't look at coinmarketcap they give an average price existing on all the exchanges it's only used for getting a idea of what is the overall market price, if you really want to trade then look for the price on the exchanges where you want to trade on like i use bittrex so to know the price i visit bittrex instead of coinmarketcap

I don't actually look at much during day trades, just at the chart and twitter for news.

I believe you need to watch a lot of things when trading and to be successful you need a lot of skills. The walls in the past are constantly changing and complex, so this is the opportunity for you to trade successfully. The first thing you need to do is technical analysis, then see the volume to see how much investment should be made, plan specific expectations of profit and cut losses.

At first you can analysis for market and when you bought any coin you should analysis this coin then you buy

I personally look at the USD value not the BTC when trading, since i first have started trading i bough my bitcoin for about a 1000$ last year, i held it up until it reached 15k cashed out spent some of that profit and i recently re bought it at 8k, i believe that most people do the same thing, unless you are planing to reinvest the amount you have in another coin.

This doesn't answer the question.

I'd love to ignore USD completely and focus on btc vs other coins, but unfortunately BTC-USD pair is the most commonly traded and the easiest to track progress as you're comparing a more volatile asset to a stable one. Looking at other coins or assets vs BTC forces you to have the charts of those assets open to monitor their value. You don't have to do it with USD.

I do crypto trading so i focus myself growing the numbers of btc/alts instead of USD...
With so many New investors joining the blockchain party the multi-trillion market is really possible for this crypto market..when you have x BTC right now try to multiply it til we sAw another ATHs,MOONs and LAMBOs.

I believe that in every transaction, at the present time, the biggest risk is always to observe and track the bitcoin price when trading altcoin, it can be seen that the bitcoin girl is fluctuating strongly in the You may lose a lot of money if the bitcoin price drops abruptly, which will cause altocin decrease.