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Author Topic: What is your base currency if you trade in alt-coins?  (Read 788 times)
Kang Bahar
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April 29, 2019, 12:28:06 PM
 #21

From the first time and until now, I personally always use BTC, ETH and sometimes, I use the fiat (IDR) as well as the base for currency for every time when I trade.
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April 29, 2019, 12:36:01 PM
 #22

everyone is going back to bitcoin in the end dude. that is why every single person is in this market, it is bitcoin. there is no exception to that. then some percentage of the user in addition to bitcoin they hold other altcoins which they lose money on and give up sooner or later as they get dumped on.

ps. it is funny how you enphecise on U.S. Dollar and yet you are holding an altcoin yourself called tether specially these days that the owner of it is having trouble with the law Cheesy

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April 29, 2019, 05:24:13 PM
 #23

Well when i trade top altcoins i exchange them to USDC, but on most exchanges where i trade altcoins are oaired with Bitcoin and on most only this is possible because most of altcoin not have pairs with USD.

 
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April 29, 2019, 05:25:31 PM
 #24

everyone is going back to bitcoin in the end dude. that is why every single person is in this market, it is bitcoin. there is no exception to that. then some percentage of the user in addition to bitcoin they hold other altcoins which they lose money on and give up sooner or later as they get dumped on.

ps. it is funny how you enphecise on U.S. Dollar and yet you are holding an altcoin yourself called tether specially these days that the owner of it is having trouble with the law Cheesy
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April 29, 2019, 05:44:08 PM
 #25

We all have our own strategy and choice of currency.
I use Bitcoin as my base currency whenever I'm trading. Most exchanges and platforms accept and adopt it because it's more convenient. Also, bitcoin is good for a long term investment so I guess it's a perfect choice of currency.

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April 29, 2019, 05:46:37 PM
 #26

I am currently holding many erc 20 tokens so whenever itrade them i use eth pair so i can say i use eth as my base currency. Using eth gives me ease of understanding about the value from ico to the current value so i can know im in profit or loss in eth value.

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April 29, 2019, 05:49:36 PM
 #27

Bitcoin will be the bease coins for most of my crypto trading pairs,only I will go for stable coins when trading with bitcoin.

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April 29, 2019, 05:55:26 PM
 #28

I personally prefer ETH, in rare cases BTC, I think that ETH is easier to translate, there is a couple of coins on almost all coins, and I consider the savings to be more profitable in ETH.
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April 29, 2019, 06:04:16 PM
 #29

If you would like to trade USD pairs, then stop trade with USDT (Tether) because currently the future of this coin is not clear. Rather use pairs with PAX, USDC, Gemini, these are more trusted.

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April 29, 2019, 06:24:48 PM
 #30

For me I used Ethereum for my base currency , I never using Bitcoin since Bitcoin my long term saving no matter what , whether the price up or down .
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April 29, 2019, 06:29:18 PM
 #31

Yes, you could do that.
It helps to stabalize your portfolio's actual value and track your progress.

In the Us however, there is a huge problem with that when it comes to taxes.
Every April, we have to file our taxes and if you have been trading in crypto using USD, than you have to list ALL your gains.
If you do day trading, that can easily be hundreds of thousands of trades in a year.
Even if you are casually trading, that can be close to a hundred.
Of course, you could lie on your tax return, but that's illegal so yeah.

That's why crypto to crypto is how I do it.
In this case, binance is the best choice, it has the highest volume and a large amount of trading pairs.
It is also easy to hedge trading pairs against each other.

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April 29, 2019, 06:33:46 PM
 #32

I always go for ETH and in most cases I go for BTC, that is if need to sell or convert to fiat or to add to my long term hold.. But in almost 70% of my trades is always in ETH as I tend to hold too.

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April 29, 2019, 06:40:20 PM
 #33

The base currency for me if I start trading now will be Ethereum.
This coin has always been very good in the cryptocurrency market and has always shown us something that can stay on top even in the difficult conditions of the high volatility of the cryptocurrency market.

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April 29, 2019, 06:43:32 PM
 #34


I believe that the best altcoin to buy today is ethereum although it's market value for now is still struggling but i still believe it can survive and soon its price will rapidly increasing to make many investors profitable.
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April 29, 2019, 08:57:25 PM
 #35

USDT is good for keeping the money stable. But, BTC is my choice in terms of reliability. USDT is good to hold stable, but when you change to another coin you still have that risk. Also, I do not think our main point is to keep the money stable.

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April 29, 2019, 09:32:11 PM
 #36

I use bitcoin. I have a goal to significantly increase the amount of bitcoins that I have now and therefore I trade coins paired with it.

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April 29, 2019, 09:50:57 PM
 #37

after a trade is done I concert my profits to tether
So it’s easy to concert it to btc and have my values back
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April 29, 2019, 10:36:39 PM
 #38

Since holding BTC has always been my thing, I chose to trade on BTC pairs more often from which the profit I save. ETH is also cool and I trade for it too but not as much as I do for BTC. I believe ETH is one of the best altcoins which is also why I trade and hold too.

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April 29, 2019, 11:10:25 PM
 #39

Bitcoin and ethereum, I always trade using these two coins because almost all exchanges have pairs for btc and eth. and with these two coins I have become easier in making analysis. and I think these two coins are pretty stable that's why I chose them.
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April 30, 2019, 04:57:42 AM
 #40

My base currencies used to be the Etherum and the Bitcoin at my first trades on exchanges but today it has totally changed. Because of the high withdrawal fees i wouldn't trade with them. If there is a chance i would like to use the Stellar or Ripple or Dogecoin. Those three coins withdraw fees to low just like 1 piece each, if you check the withdraw fees around 0.001 for BTC and 0.01 for the ETH. So when i use XLM i only pay 0.00001851 BTC.

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