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Author Topic: Fixing income from BTC?  (Read 235 times)
Iloha000
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July 27, 2018, 12:10:18 PM
 #1

Hello!

I'm very interested how do you fix crypto income. I know that there are some crypto exchanges where you have a crypto-fiat pair but they are small with high fees. I prefer to fix my bitcoin and altcoin income in something stable. As for fiat pairs - no exchanges, for some tokens like Tether or True USD or Havven they look like a scam. However, i like to trade on Binance, so i use Tether as a stable coin but i suggest it is too risky because Tether made a lot of suspicious transactions.

I'd like to know what are you using? Can you give me some advices?
Thanks!

P.S. I mean i dont want to went out to fiat. I'd like to trade but when i want to close my deal and sell the BTC i don't want to go to fiat because it is too expensive.I'll continue my trade in a while, so need not fiat
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July 27, 2018, 12:15:11 PM
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Probably exchange your crypto for your country's local currency instead. This depends on what your country is though. If Coinbase supports your country[1], then that MIGHT be your best bet. At least I would probably trust Coinbase more than USDT as I personally don't trust USDT too.


[1] https://support.coinbase.com/customer/en/portal/articles/1392031-what-countries-are-buys-and-sells-available-in-

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July 27, 2018, 12:18:07 PM
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I like to trade in Binance, so I use Tether as a stable coin but I suggest it is too risky because Tether makes a lot of suspicious transactions.
Iloha000
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July 27, 2018, 12:43:58 PM
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Probably exchange your crypto for your country's local currency instead. This depends on what your country is though. If Coinbase supports your country[1], then that MIGHT be your best bet. At least I would probably trust Coinbase more than USDT as I personally don't trust USDT too.


[1] https://support.coinbase.com/customer/en/portal/articles/1392031-what-countries-are-buys-and-sells-available-in-

Unfortunately, coinbase doesnt support my country, so i have a choice between high fees to cash out or take this insane risk for USDT
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July 27, 2018, 12:58:55 PM
 #5

Well, if you mean that you are willing to keep the value of your income stable then I do believe that Fiat is the best option to avoid the crypto volatility risk. I generally try to spend my 50% of funds as I believe that the movement is a growth and hence we should give first preference to use cryptocurrencies in as it is form. On the other hand, bearing the risk of market volatility is always better than parking funds anywhere in any insecure coin.

Iloha000
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July 27, 2018, 01:14:40 PM
 #6

Well, if you mean that you are willing to keep the value of your income stable then I do believe that Fiat is the best option to avoid the crypto volatility risk. I generally try to spend my 50% of funds as I believe that the movement is a growth and hence we should give first preference to use cryptocurrencies in as it is form. On the other hand, bearing the risk of market volatility is always better than parking funds anywhere in any insecure coin.


I mean i buy bitcoins hold them and when i want to go out i need something where i can store my money till next good point for purchase. Cash out and cash in again is very expensive
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July 27, 2018, 02:03:38 PM
 #7

Probably exchange your crypto for your country's local currency instead. This depends on what your country is though. If Coinbase supports your country[1], then that MIGHT be your best bet. At least I would probably trust Coinbase more than USDT as I personally don't trust USDT too.


[1] https://support.coinbase.com/customer/en/portal/articles/1392031-what-countries-are-buys-and-sells-available-in-

Unfortunately, coinbase doesnt support my country, so i have a choice between high fees to cash out or take this insane risk for USDT

How about Abra[1]? They're definitely not as big as Coinbase, but I've used their service multiple times with no problem. Might want to try it out if it supports your country[2].


[1] https://www.abra.com/
[2] https://www.abra.com/where-is-abra-available/

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July 27, 2018, 02:15:45 PM
 #8

I like to trade in Binance, so I use Tether as a stable coin but I suggest it is too risky because Tether makes a lot of suspicious transactions.
Any altcoin has its downsides, most of which are volatility in value, altcoin such as USDT does not guarantee when they are speculated.

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Iloha000
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July 27, 2018, 02:31:28 PM
 #9

How about Abra[1]? They're definitely not as big as Coinbase, but I've used their service multiple times with no problem. Might want to try it out if it supports your country[2].


[1] https://www.abra.com/
[2] https://www.abra.com/where-is-abra-available/
[/quote]



Thank you! I'll check it
treatWy
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July 27, 2018, 02:35:54 PM
 #10

To be honest with you, it is unfortunate to fix your income in crypto. This is not a regular basis but this is all about unexpected basis whether it is lose or win.

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July 27, 2018, 02:53:11 PM
 #11

Well, if you mean that you are willing to keep the value of your income stable then I do believe that Fiat is the best option to avoid the crypto volatility risk. I generally try to spend my 50% of funds as I believe that the movement is a growth and hence we should give first preference to use cryptocurrencies in as it is form. On the other hand, bearing the risk of market volatility is always better than parking funds anywhere in any insecure coin.


I mean i buy bitcoins hold them and when i want to go out i need something where i can store my money till next good point for purchase. Cash out and cash in again is very expensive
I have same minds as you when holding Btc and market going bleeding, in order to take decision sell to fiat or looking another option to hold it as temp. What about using your BTC to buying some collectibles good as collection, go to this section https://bitcointalk.org/index.php?board=217.0 , there are many offers about this.
Iloha000
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July 27, 2018, 02:57:23 PM
 #12

Well, if you mean that you are willing to keep the value of your income stable then I do believe that Fiat is the best option to avoid the crypto volatility risk. I generally try to spend my 50% of funds as I believe that the movement is a growth and hence we should give first preference to use cryptocurrencies in as it is form. On the other hand, bearing the risk of market volatility is always better than parking funds anywhere in any insecure coin.


I mean i buy bitcoins hold them and when i want to go out i need something where i can store my money till next good point for purchase. Cash out and cash in again is very expensive
I have same minds as you when holding Btc and market going bleeding, in order to take decision sell to fiat or looking another option to hold it as temp. What about using your BTC to buying some collectibles good as collection, go to this section https://bitcointalk.org/index.php?board=217.0 , there are many offers about this.

Good point, thanks!
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July 27, 2018, 03:02:04 PM
 #13

Hello!

I'm very interested how do you fix crypto income. I know that there are some crypto exchanges where you have a crypto-fiat pair but they are small with high fees. I prefer to fix my bitcoin and altcoin income in something stable. As for fiat pairs - no exchanges, for some tokens like Tether or True USD or Havven they look like a scam. However, i like to trade on Binance, so i use Tether as a stable coin but i suggest it is too risky because Tether made a lot of suspicious transactions.

I'd like to know what are you using? Can you give me some advices?
Thanks!

P.S. I mean i dont want to went out to fiat. I'd like to trade but when i want to close my deal and sell the BTC i don't want to go to fiat because it is too expensive.I'll continue my trade in a while, so need not fiat

it's a hard question. It's really not fix, you have to join a lot of campaignes and bounties if that's what you want. And you have to have mutiple accounts on bitcointalk.org also to be able to do multiple campaignes at a time.

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July 27, 2018, 07:50:04 PM
 #14

In my opinion you can follow various bounty campaign programs available in bounty because there are various tokens and you just wait for the market if price high you can sell and exchange with your country's currency
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July 30, 2018, 05:12:28 PM
 #15

well that is a dream of everyone but to be honest it is very unfortunate but true that it is not possible for cryptocurrency market to fixes the income, you have to deal with the unstable market if you want to trade here
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July 30, 2018, 05:21:54 PM
 #16

Coinbase is one of the best platform to exchange crypto I hope. And if it’s support your country that should be big deal for you. I wish it will support.
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July 30, 2018, 10:10:16 PM
 #17

I also so temporarily fix the income. Tether is not a fraudulent coin, so do not worry so much. If you do not keep your money in the USDT for a long time, then your money will not be lost anywhere.

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July 30, 2018, 10:10:57 PM
 #18

If bitcoin is legal in your country than you can easily exchange bitcoin for your local fiat and you can even keep that fiat in the platform as most of those local exchanges are registered legal entity with some insurance so they have to pay their customers back if they will get hacked.

Also TUSD (true USD) seem better alternative of Tether if you are concerned about Tether manipulation.
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July 31, 2018, 02:46:54 AM
 #19

i say it depends on how long you want to go back to fiat, for example as a trader if i notice a drop and i see that i am in its early stages not its end/bottom, i would want to sell my bitcoins but stay alert to jump back in as soon as that drop ended or as soon as i saw the bottom of that dip in sight.

this means i would go to fiat for a small period of time and also it means i want my money ready to go back in. in other words i don't withdraw, in which case it doesn't matter if you choose fiat because that "expensive" that you are talking about is only true when you are making a fiat withdrawal.

although this is risky since you keep funds on exchanges but as a trader you have to do this otherwise you miss chances to buy/sell at best rates.

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July 31, 2018, 03:35:01 AM
 #20

At the current price of BTC can be very suitable to buy and hold at this time. But it's important to focus on your strategies and plans before you start making deals, and you'll probably miss out on the best buy and sell opportunities.
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