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 /?
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.