iamhaidy (OP)
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October 17, 2017, 02:07:26 PM |
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Is it better to convert btc to usdt during btc retrace. If yes, then how do we identify the condition for example prediction on btc pump&dump and also to sell & buy? Any good suggestion?
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cryptoolk
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October 17, 2017, 02:47:15 PM |
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Is it better to convert btc to usdt during btc retrace. If yes, then how do we identify the condition for example prediction on btc pump&dump and also to sell & buy? Any good suggestion?
this is my idea only.i dont is this correct or not? i convert the BTC to USDT if the BTC do down rapidly . i am also searching how to identify the correct place to convert lets see others comments |
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smailler
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October 18, 2017, 02:26:20 PM |
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Is it better to convert btc to usdt during btc retrace. If yes, then how do we identify the condition for example prediction on btc pump&dump and also to sell & buy? Any good suggestion?
In my opinion, when the bitcoin price increases I will transfer my entire bitcoin over USDT. And while waiting for bitcoin to fall I will use USDT to buy bitcoin. so i'm profitable |
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mk4
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Paldo.io 🤖
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October 18, 2017, 02:33:04 PM |
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It doesn't have to be USDT. You can sell your BTC for fiat, but it will be a bit more of a hassle. If you decide to convert to USDT, I suggest not holding it for long, because USDT is some shady shit. Take a read on some threads about USDT here in bitcointalk and you'll know why.
How to have an idea if bitcoin will rise or crash? Be updated on the news. Read. Alot.
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nl247
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October 18, 2017, 02:35:14 PM |
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Is it better to convert btc to usdt during btc retrace. If yes, then how do we identify the condition for example prediction on btc pump&dump and also to sell & buy? Any good suggestion?
USDT is just like the stable version of dollar but in the crypto form. So assume it as a way of trading against fiat. If the price goes up, you sell and if it comes down to your expectation, you buy back again, but this time the amount of bitcoin is more, which you can keep doing to increase your BTC quantity. It is better to convert if you are trading BTC to USD, after all, there is no other way you can do it in bittrex. However, prediction is left in your ability to monitor the charts, but always take note that predictions cannot always be right, so know how to quickly get out or quickly get back in to minimse loss. Watch out for break in resistance and watch out for testing of support. Or just go and learn how to trade first rather than gambling your money on trading cause if you dont have the skills to analyse or make fast quality decisions, you cannot trade effectively and you will end up panicking pretty fast. |
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DaMut
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October 18, 2017, 02:39:05 PM |
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Yes and No,
as a trader our biggest goal is to secure the profit,
i say yes because when the price is high and slowly retracing,we should try to secure our position(capital+profit).
how to identify it ?
there're a lot of things and clues that we should understand how to read the market,the simplest way is when the price hit all time new high.
a few days or hours later another 'big' crash happen usually another downward movement will follow.
just like right now,
i say no,because a few days ago Bitcoin is at its peak,
and every altcoin is drowning,right now is the best time to load it because when the price is retracing.
every altcoin should get some pump.
but it's very risky because not many people understand how to read it.
you may lose it instead of gain from it
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mbelosto
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October 18, 2017, 02:48:57 PM |
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It doesn't have to be USDT. You can sell your BTC for fiat, but it will be a bit more of a hassle. If you decide to convert to USDT, I suggest not holding it for long, because USDT is some shady shit. Take a read on some threads about USDT here in bitcointalk and you'll know why.
How to have an idea if bitcoin will rise or crash? Be updated on the news. Read. Alot.
as it seams USDT is not supported fully by USD one to one, which makes all this USDT stuff extremely risky one day it may go down and all your USDT will become zero |
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speedy963
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October 18, 2017, 03:21:50 PM |
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Yes and No,
as a trader our biggest goal is to secure the profit,
i say yes because when the price is high and slowly retracing,we should try to secure our position(capital+profit).
how to identify it ?
there're a lot of things and clues that we should understand how to read the market,the simplest way is when the price hit all time new high.
a few days or hours later another 'big' crash happen usually another downward movement will follow.
just like right now,
i say no,because a few days ago Bitcoin is at its peak,
and every altcoin is drowning,right now is the best time to load it because when the price is retracing.
every altcoin should get some pump.
but it's very risky because not many people understand how to read it.
you may lose it instead of gain from it
Yes it is possible, instead of gains you may lose because of thia retracement happenings. You must also be aware of the trends in the market, as simplified most of the tokens are related to bitcoin's price, so whatever happens to bitcoin upward or downward trends, still it will be affected. The main goal for a trader was already stated above, so keep it in mind, do not settle for a lose. |
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Itjoker
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October 18, 2017, 07:05:21 PM |
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Is it better to convert btc to usdt during btc retrace. If yes, then how do we identify the condition for example prediction on btc pump&dump and also to sell & buy? Any good suggestion?
To do good predictions about price you have to use technical and fundamental analisys in the compartment. |
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thet
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elysian.finance
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October 18, 2017, 07:27:31 PM |
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Is it better to convert btc to usdt during btc retrace. If yes, then how do we identify the condition for example prediction on btc pump&dump and also to sell & buy? Any good suggestion?
Others do that to maintain its value and when the BTC is at the lowest point that is their chance to buy more BTC. |
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Fidemoga
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October 18, 2017, 09:17:02 PM |
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I will keep BTC on a wallet, where I have my private key. It is nearly sure, that Bitcoin will fall after the hardforks. But it will be a temporarely. If you are a shortterm trader, then the better way would be an exchange to a trusted altcoin like Monero, Dash or Ethereum or USDT/Fiat. After Bitcoin is dumped, buy it back for cheap.
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Gameroid
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October 18, 2017, 09:56:37 PM |
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I will keep BTC on a wallet, where I have my private key. It is nearly sure, that Bitcoin will fall after the hardforks. But it will be a temporarely. If you are a shortterm trader, then the better way would be an exchange to a trusted altcoin like Monero, Dash or Ethereum or USDT/Fiat. After Bitcoin is dumped, buy it back for cheap.
But in current time i do not think that we can ignore the importance of USD, In fact USD is the most popular currency of the world and still we mostly depend on it. although importance of bitcoin is increasing from time to time but still it does not reached to USD and will surely take decades to bead USD or even to come to equivalent to USD. |
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crairezx20
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October 18, 2017, 10:44:24 PM |
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I don't recommend to convert your bitcoin in to USDT but if you really want to convert it because the price is high well not in USDT better to convert and sell it into fiat much more good way and trust.. That you can use to buy bitcoins again if the price of bitcoin is low.
Even USDT is stable in price we can not consider it to convert it in BTC since other people also afraid about USDT i suggest to convert your bitcoin is much more trusted coin like ethereum or litecoin or USD instead.
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richminded
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October 18, 2017, 11:25:40 PM |
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Is it better to convert btc to usdt during btc retrace. If yes, then how do we identify the condition for example prediction on btc pump&dump and also to sell & buy? Any good suggestion?
In my opinion, when the bitcoin price increases I will transfer my entire bitcoin over USDT. And while waiting for bitcoin to fall I will use USDT to buy bitcoin. so i'm profitable That's a good strategy though because you will surely make money. Make your own analysis about the price movements of bitcoin and also include all the events that bitcoin may face specially the upcoming hard fork so you can analyze his price well. Trade at your own risk and make your trading plan to prevent some loses, this is the best thing that you can do for your brighter future. |
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hasmukh_rawal
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October 19, 2017, 04:49:34 AM |
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Its a good strategy if your predictions are well but it's a bad strategy if you don't have good predictions. I have tried it and clearly the market didn't met my expectations. Just when I thought the BTC price is going to decline and I converted BTC to USDT the price increased and I had a loss of few bucks. So if you are sure of the fluctuations then it is a good method to increase your capital.
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Herbert2020
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October 19, 2017, 07:01:46 AM |
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if you can sign up on other exchanges that offer USD pair (real fiat dollar) then do that. there are enough of them that are trustworthy, Coinbase (GDAX), Krakane are examples of these. and trade like that. if you are afraid of the bitcoin drops just sell to fiat and hold the fiat there to buy back in a short while.
if you can not sign up in those exchanges for any reason! then USDT (tether) is the last option that you can consider for short term to go in and out of, fast. but never trust a centralized altcoin like that which depends a lot on one company that can go bankrupt or even become scam overnight.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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prtty2gal2
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October 21, 2017, 10:07:27 AM |
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Is it better to convert btc to usdt during btc retrace. If yes, then how do we identify the condition for example prediction on btc pump&dump and also to sell & buy? Any good suggestion?
this is my idea only.i dont is this correct or not? i convert the BTC to USDT if the BTC do down rapidly . i am also searching how to identify the correct place to convert lets see others comments Your idea is very bad., How will you convert to USDT when the price of BTC is low or going down rapidly. Moreover, you cannot always make predictions like that as it can backfire. Most important thing is to buy in at lows and once it attains a corrective state, you can sell and wait for a little dip. Don't get too greedy, just know the perfect place to get in and know it is good for you once you are not running any losses. |
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tenkuna
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October 22, 2017, 04:37:47 AM |
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The price of btc is currently too high. I sold my entire btc number to usdt. After waiting bitcoin the price decrease I will again use usdt to buy bitcoin -> profit I earned
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vandvl
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October 22, 2017, 04:52:14 AM |
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i think its better to sell btc for now because ithink he reach alredy her maximum price for this year.then my plan is sell may btc to usdt then wait for the dump of btc before i buy again...
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Kyraishi
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October 22, 2017, 05:19:23 AM |
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Is it better to convert btc to usdt during btc retrace. If yes, then how do we identify the condition for example prediction on btc pump&dump and also to sell & buy? Any good suggestion?
USDT is just a pegged crypto, backed by assets owned centrally. If you're looking to cash out profit then yes, having some USDT on hand can be quite useful. However just keep in mind that it's not 100% pegged and market fluctuations can take it over/under $1.00 at times. When to cash out btc? It's entirely up to you, but i would suggest when you see growth to the tune of more than 10% per day consistently, it's a good time to just chill out and take some profit, potentially convert some btc into USDT or whatnot. |
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