What market should be the best to trade: BTC - ETH - USDT?

[Vilbel]

Hi guys,

Although this is my first post here, I've been in the forum reading a lot of topics, so I decided to participate as there should be a lot of people out there who have the same doubt.

The thing is I'm trading in Bittrex and, as you know, there are three markets there where you can trade, those are BTC, ETH and USDT. Lately I've been using USDT a lot, since its price is pretty close to USD and thus has helped me to freeze the price for my coins, plus there's not high fees like in the BTC market, that's an issue to be taken into account.

I'd like to know what you guys think about. Would my strategy be better if I just trade in btc and make my goal to go up on satoshi even with that high fees?

[rodalutor]

Hi guys,

Although this is my first post here, I've been in the forum reading a lot of topics, so I decided to participate as there should be a lot of people out there who have the same doubt.

The thing is I'm trading in Bittrex and, as you know, there are three markets there where you can trade, those are BTC, ETH and USDT. Lately I've been using USDT a lot, since its price is pretty close to USD and thus has helped me to freeze the price for my coins, plus there's not high fees like in the BTC market, that's an issue to be taken into account.

I'd like to know what you guys think about. Would my strategy be better if I just trade in btc and make my goal to go up on satoshi even with that high fees?

Firstly welcome! - I would say that you can try all 3, personally I never really trade the eth markets as I don't feel the need. The BTC markets are good for as you said trying to grow your bitcoin holdings. I tend to trade these markets whenever bitcoin is rising because I wouldn't want to lose out on the bitcoin growth. When bitcoin is falling the USDT markets are good because you can effectively short currencies. I wasn't aware that there were different fees across them, I thought it was a flat 0.25%

[Vilbel]

Thanks for the welcome!

Actually yes, the main fee from bittrex is 0.25% for trading and then you have to pay the "network fee" you know... for miners. 

[jerry0]

Im curious but when you sell btc for usdt... you then get a usdt balance right?  I know its a crypto so if sell btc, you going to get x amount of usdt?  Then when you want to say buy btc, you buy it with usdt.  Then sell it for usdt?  So say after 2 profitable trades, you would have higher usdt that you started with right?  However what if you are trading altcoins?  The thing is if you buy altcoin with btc at a price say 5 dollars.  Say price goes to 8 and now you want to sell it.  You sell it for btc.  But do you then immediately sell that btc to usdt?  Because if you do, then you realized an actual usdt profit as oppose to holding to the btc where if it drops, you would lose assuming you sell the btc later for a loss?  Thus you would have a gain on buying/selling of the altcoin but then a loss on the sale of btc?  And the amount of the loss on the btc could be easily more than the gain of the altcoin?  Thus if you want to lock in profit, after you sell altcoin back for btc, you immediately convert it to usdt?


But in the end when you sell the bitcoin to get money in your bank account, you cannot do this on bittrex right?  Thus they dont allow bank transfer or wire with the usdt since its a cryptocurrency?  Thus you would have to use an exchange like coinbase/gdax/gemini to get the actual money in your bank account.  The usdt on bittrex is basically a way to hold usd right?

[qiwoman2]

I have never traded against USDT parings but I do both ETH AND BTC trading for the few coins I like, as and when I have time. I know where are many more expert traders here who can give you better advice. Also check out the exchanges and their fees to make some savings too. I was really mortified last night when I wanted to remove some PPT from HITBTC exchange and they were charging me flat rate of 2 PP which is like 80 dollars just for coin withdrawal. I was so shocked and think of that as daylight robbery lol.  I might try to trade some USDT/BTC at some point down the road, if I make good multiplers in alts next year so let's see how it goes.

[pooya87]

USDT has its usages and it is convenience to use when you are trying to go back to fiat but i personally don't like it because it is hard to trust something that is centralized to one company that can disappear at any moment and take all of it down with itself.

as for BTC or ETH trading i say it depends on what you want to increase. your BTC or your ETH. most people want to increase their bitcoin because that is the long term investment they choose and bitcoin has the biggest rise in long term. but it is a matter of preference in my opinion.
it also depends on the liquidity of those markets. BTC markets are always going to be more popular.

also be careful about using bittrex. they are not so trustworthy anymore.
https://bitcointalk.org/index.php?topic=1954598.0
profile of the owner: https://bitcointalk.org/index.php?action=trust;u=96390

[levancov]

Hi guys,

Although this is my first post here, I've been in the forum reading a lot of topics, so I decided to participate as there should be a lot of people out there who have the same doubt.

The thing is I'm trading in Bittrex and, as you know, there are three markets there where you can trade, those are BTC, ETH and USDT. Lately I've been using USDT a lot, since its price is pretty close to USD and thus has helped me to freeze the price for my coins, plus there's not high fees like in the BTC market, that's an issue to be taken into account.

I'd like to know what you guys think about. Would my strategy be better if I just trade in btc and make my goal to go up on satoshi even with that high fees?

USDT should be used on rollbacks bitcoin is a replacement for Fiat but you can not simply store money in usdt as it is not clear what will happen to it after scandals with bitfinex. The ETH market at bittrex requires trading experience.

[Pursuer]

BTC markets are always the best in my opinion.

• they are the most common, you can see then everywhere in all the exchanges.
• people measure price of all the altcoins in terms of BTC
• the BTC markets have the most volume and more importantly smaller spread which means you will be able to trade easier and with larger amounts in them
• there are sometimes arbitrage opportunities among BTC markets because it is listed on all exchanges.
• and finally, when trading in BTC markets you will be increasing the amount of bitcoin you own when you sell that alt coin at a profit. that is obviously a good choice since bitcoin is the best long term investment.

[megget]

Hi guys,

Although this is my first post here, I've been in the forum reading a lot of topics, so I decided to participate as there should be a lot of people out there who have the same doubt.

The thing is I'm trading in Bittrex and, as you know, there are three markets there where you can trade, those are BTC, ETH and USDT. Lately I've been using USDT a lot, since its price is pretty close to USD and thus has helped me to freeze the price for my coins, plus there's not high fees like in the BTC market, that's an issue to be taken into account.

I'd like to know what you guys think about. Would my strategy be better if I just trade in btc and make my goal to go up on satoshi even with that high fees?

It is more preferable to trade to USD or USDT, as you are not dependent on the sight of bitcoins. Especially in recent times, when bitcoin is growing strongly, trade to the dollar is becoming more reliable

[Jaya912]

Hi guys,

Although this is my first post here, I've been in the forum reading a lot of topics, so I decided to participate as there should be a lot of people out there who have the same doubt.

The thing is I'm trading in Bittrex and, as you know, there are three markets there where you can trade, those are BTC, ETH and USDT. Lately I've been using USDT a lot, since its price is pretty close to USD and thus has helped me to freeze the price for my coins, plus there's not high fees like in the BTC market, that's an issue to be taken into account.

I'd like to know what you guys think about. Would my strategy be better if I just trade in btc and make my goal to go up on satoshi even with that high fees?

Btc, eth and usdt market are good in my opinion. But if you trade in usdt, you have fix profit. In bitcoin amd etherium, beside you have profit from your trading, you also get from holding bitcoin and etherium if eth and btc price up. If down, you know what will happen.

[TorbiK]

TradingView shows, Bittrex issues altcoins charts to the dollar, although they are traded to bitcoin. Therefore, I find the entry and exit points on the chart to the dollar and lead the profit / loss to the dollar, but in fact I trade for bitcoins.

[webtricks]

Hi guys,

Although this is my first post here, I've been in the forum reading a lot of topics, so I decided to participate as there should be a lot of people out there who have the same doubt.

The thing is I'm trading in Bittrex and, as you know, there are three markets there where you can trade, those are BTC, ETH and USDT. Lately I've been using USDT a lot, since its price is pretty close to USD and thus has helped me to freeze the price for my coins, plus there's not high fees like in the BTC market, that's an issue to be taken into account.

I'd like to know what you guys think about. Would my strategy be better if I just trade in btc and make my goal to go up on satoshi even with that high fees?

If you want most satisfactory results then go for Crypto/USD or Crypto/USDT
Just invest some dollars and buy the coins you like. In this way, you can easily calculate your profits periodically just buy comparing the existing value of crypto with amount invested.
Based on my perosnal opinion, I must suggest never do trading keeping another crypto like Bitcoin or Ethereum as base currency. You will always feel guilt, no matter whether your investment going up or down because you will always double measure your profit, first in base crypto then in fiat.

[DaMut]

everything have their own weakness and so far the stable one should be USDT,
also other than that everybody have their own future goal.
for example me,
i am valuing all of my portfolio using Bitcoin,no matter what happen with the price as long as my Bitcoin keep increasing i get profit.
why i am valuing my portfolio using Bitcoin ? because i believe bitcoin will be used in the world wholly.
and i believe i can multiple my profit by holding it in form of Bitcoin.
other than valuing it using Bitcoin,i think for a short term valuing our portfolio under ETH is not a bad idea either.
because currently ETH price already surpressed a lot by the whales,
i think in the future we should see it for more than 0,05BTC or around that.

[miyaka26]

If you have enough fund to invest in cryptocurrency, you should go for the both of them, ETH and Bitcoin, they are the most promising and established coin in the market surviving the harsh environment of trading and issues, Bitcoin has a heated increase these days but don't be too excited as you will end up as FOMO be wise with buying btc as the risk of getting low is always there, it may also increase in the future so the best game is holding bitcoin, then go for eth who have a variety of features which the btc doesn't have.

[mobnepal]

I don't prefer to trade against USDT or don't want to hold those tether token for long time as there is rumor that they don't have enough USD backing their tokens in any of their bank account.

Right now bitcoin price is surging quite often, So I am just trading alts against bitcoin and keeping my profit + balance in bitcoin only.

[Hui8]

What I can sense from your talk in the OP is you are very comfortable with the USDT kind of trades so I would suggest you to follow the same. I mean if thats your type then you should really go with it because it will make you more easy on the trades or exchanges that you will make in the future.

Would my strategy be better if I just trade in btc and make my goal to go up on satoshi even with that high fees?

Your strategy will work surely because this is long lasting working model where people just hold the BTC and try to increase the wealth in that way. The fees, well they are always dynamic and you can always find a way to take out your BTC with very small fees in the future. So better focus over the trades rather than the exchanger fees. That part comes later.

[ToxaBit]

the output looks something like this: store money in BTC or ETH and wait for a price increase or invest in companies ...

[deadsilent]

You're strategy is fine. USDT can freeze the value of your funds. So it wont drop nor go up. And i think that's the best choice because the uncertainty of altcoin market increased a lot. Most of the altcoins are all bleeding in red now. Massive correction is happening right now. I lost a lot in my portfolio. So you need a safe ground to land. And that's USDT. I haven't did it yet. But im willing to do this strategy in my future trades. Right now, 100% of my portfolio is on the altcoins. One thing i don't like about USDT. How long will it last? Because there's many issues about the USDT.

[dogandogru]

I fell UsdT is most stable crypto-currency and is most suitable for trading. It will help to determine your profit/loss accurate n easily. This will help you make right trading decision at right time. Trading with any volatile crypto-pair is never recommended as most of your time will be lost in calculation. Even BTC or ETH is suitable on days when they are stable.

[beerlover]

First, no matter how you are trading, or the currency you are trading, all you need is knowledge and if you do not have that, please do not consider trading and learn before you continue. USDT to any other cryptocurrency is a good choice.

I use both USDT and BTC for my trading base to any other coin anyway and the markets are different in a way.
It is your analysis in any of the trade that would determine how you make your profit eventually as well as losses.