With poloniex they want me to add money into trade with by adding in Bitcoins that just seems nuts to me for example.
how exactly did they want that? poloniex doesn't even have a fiat deposit option. or at least i have never seen any, they have an altcoin with a similar name called USDT though.
Let's say I added in Bitcoin that is at say a value of $2700 I use that to then buy other coins and it see a gain of say $100 so i sell the other coins back to bitcoin but in the same amount of time Bitcoin drops to $2600 so after trading fees I have now lost money do to the price of the Bitcoin going up and down over the day.
I would like to trade and buy with US money so lets say I use US money and buy a $2600 bitcoin and it then jumps up to $2700 and I sell it back to US money so i now have $2700 - any fees making a profit as the US money is not going up and down
I see no way to do this with the poloniex trading system.
Am I missing something here with Bitcoin going up and down so much i would not want to use it as the base money to trade with?
i don't quite understand what your confusion is. the fluctuations happen, and there is nothing we can do about it.
besides it is not everyday that price of bitcoin goes up $100 or drops down that big. the big changes are usually rare.
and one benefit of bitcoin is that it always goes up. it has gone up in the past 8 years, that is why traders go to altcoin market and trade with bitcoin to earn more profit on their bitcoin not on their USD.
It looks like after i ever get approved a few other sites will let me buy in with US money and then buy and trade Bitcoins but they only trade Bitcoins and one other coin so i am left out of trading all the others I want to be able to trade with as I want.
Thanks for any insight on this.
poloniex is an altcoin exchange so they have altcoins listed and there are crap load of altcoins
those other sites you saw are bitcoin exchanges which added one or two top volume altcoins. that is why you see limited number of markets.