Anyone keep their trading capital in btc?

[slaman29]

Hi,
I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

I seem to not understand your questions. Anyways, here are my thoughts:

Obviously, traders are into bitcoin, (at least in my case and from what I read above). I don't practice hedging, I immediately withdraw if I profited already to my personal wallet which I have control with. And then see what the current sentiments before investing again, rinse and repeat.

OP is just saying that, this Bitcoin is a volatile crypto (we all know that). So if you invest say $1k into bitcoin to trade, do you always hold the 1k capital in dollars? or only in BTC? If you hold it in USDT, then you protect yourself from volatility and you always know you have $1k. Therefore holding it in dollar value stablecoins is a form of hedging. That's all.

I hold only in BTC because I am anyway a long term holder.

[wuvdoll]

I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

Most people literally do this by just keep buying or selling instead of doing anything more? I mean if you are looking for just people on bitmex I am sure most people on bitmex use leverage or do futures and shorts in order so they could be the favorite part of the bitmex since there is no reason to trade there if you are not going to do any of those things but there is literally billions of dollars going around in binance where there is absolutely no futures or leverages going around neither.

I am one of those people and when I think bitcoin is going to go low I just turn into fiat on the exchange and than I try to buy at what I think is the bottom and when I think its going to go higher I just keep holding it basically so those are my basically shorts and longs and I never risk anything above my money.

[Lakai01]

I am one of those people and when I think bitcoin is going to go low I just turn into fiat on the exchange and than I try to buy at what I think is the bottom and when I think its going to go higher I just keep holding it basically so those are my basically shorts and longs and I never risk anything above my money.

Out of curiosity ... do you leave your BTC at the exchange or transfer it back to a safe wallet? If I send my coins back and forth every time, I probably would have lost money quickly due to the transfer fees ;-)

[Mpamaegbu]

Hi,
I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

I think it's not a good thing to tether one's Bitcoin at this time because it's looking like a bull run for Bitcoin now. Doing that may likely leave your investment depreciated. In 2018, that sad experience with market crash gave rise to so many stable coins coming up to serve as tethering alternative and these coins are doing very well now, I must say. But I am better off leaving my investment in BTC than tethering them right now.

[leowonderful]

I mostly trade to increase my BTC stash as well, though I do cash out on some occasions to fiat for when emergencies come up or unexpected costs arise. I used to dabble with stablecoins like Tether in the past as well, though I mostly just keep my trading balance on Bitmex and do a few trades here and there.

If you're looking for other stablecoins to use instead of Tether, though, USDC and TUSD are two alternatives that I see being mentioned a lot. USDC is backed by Coinbase AFAIK, should be better than Tether for that reason alone.

[Coin-Desk]

Yes, many people now keep their trading capital in BTC. In my opinion, it is actually profitable when Bitcoin value increases and their increased capital increases. There are many people who keep BTC from the capital acquired from trading. Bitcoin value has always been increasing, but now the price has decreased, but it will increase again in the future. As a result, those who keep their capital in BTC will benefit from rising prices.

[LimLims]

Hi,
I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

I can openly,  say that i do the same.
Whenever i trade or buy any coin,  i always compare its value with BTC.
I still wonder why i do so,  but can't get the answer myself.
Maybe because BTC is considered as the backbone of cryptocurrency,  for that reason i do so.
I mainly trade in Binance and yes there my trading capital is BTC and i find it easier to trade with that.

[Fredomago]

I am one of those people and when I think bitcoin is going to go low I just turn into fiat on the exchange and than I try to buy at what I think is the bottom and when I think its going to go higher I just keep holding it basically so those are my basically shorts and longs and I never risk anything above my money.

Out of curiosity ... do you leave your BTC at the exchange or transfer it back to a safe wallet? If I send my coins back and forth every time, I probably would have lost money quickly due to the transfer fees ;-)

The very reason why you should research everything first, if you plan to keep your bitcoin inside the exchange make sure to use a good reputable exchange,
as you are correct that you will lose portions of your money when you keep transferring your coins from time to time, safer as  if you are dealing with huge amount of money.

[omonuyak]

I do keep most times my trading capitals in bitcoin and some times flip it with usdt or any of the stable coins. I think it is more safer to keep our trading funds in bitcoin than any of the coins in the market.  I also do believe that bitcoin can easily give us value in holding than every other coins.

[DeadCoin]

I do keep most times my trading capitals in bitcoin and some times flip it with usdt or any of the stable coins. I think it is more safer to keep our trading funds in bitcoin than any of the coins in the market.  I also do believe that bitcoin can easily give us value in holding than every other coins.

I always keep my capital at USDT. I open my trade with the few best coins and close it trading into USDT. I calculate the profit in USDT and with the earnings i buy other best coin with cheapest price. I at times wait until the price falls down as like anyone else here. I prefer the stable coin USDT.

[Reid]

Well,  I dont trust USDT so I dont stay with that or trade using it.

BTC and ETH is the storing point for me before withdrawal in exchange. The good part of it is when BTC goes down or up, every altcoin does or we could say a higher percentage of all the altcoin do move the same with bitcoin.
I guess that could also tell you are safe. The value stays and you are safer with bitcoin with a much better chance of going upwards for a better trade.

[wildey]

I do that. however, I save it not only in the form of bitcoin, but also in ETH. well, I think the potential of both is the same, so when my token has a bitcoin pair, then I will store it in the form of bitcoin, and if in the form of ETH, I will save it in that form.

[pixie85]

Well,  I dont trust USDT so I dont stay with that or trade using it.

BTC and ETH is the storing point for me before withdrawal in exchange. The good part of it is when BTC goes down or up, every altcoin does or we could say a higher percentage of all the altcoin do move the same with bitcoin.
I guess that could also tell you are safe. The value stays and you are safer with bitcoin with a much better chance of going upwards for a better trade.

And you're one of the smart ones who don't use USDt and won't become their victim. I knew they were hiding something when they refused to do an audit and then hired some company to vouch for them. They had no money in 2018 and it's only getting worse now. Today they said they have 70% backing instead of 100. They are done.

BTC is going up maybe all the tether bagholders are moving their money? ETH is to weak to use as store of value.

[BeGoods]

Hi,
I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

I do not trade a lot, most likely I only keep only a few altcoin in my ledger, and my bitcoin in the local wallet that we have which we can freely convert bitcoin to fiat without paying transaction fees (price based on market price). So, whenever I think that the market is most likely to move upward, I keep my money in BTC, to secure my funds when the market is shaky I move my money to fiat.

I think if you want safely investment, you have to save your capital on fiat too, sometimes the crypto market is bleeding and if you
only have backup funds in Bitcoin it will certainly hurt you too. I save capital on fiat also just in case when the price falls..

[Astvile]

Most of the traders here do that,increasing your bitcoin amount rather than dollars is so good because when bitcoins price pump you can have more dollars.But there are some users who preffer dollar as capital rather than bitcoin because of being afraid to lose money

[maxreish]

Hi,
I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

I do. I have some btc capital in bitmex. And glad that I made it grow bigger than before, by doing some long and short entries. But i didn't keep it long. I just transfer it into fiat when i have enough profits and leave my capital there. I do some altcoin trades, too. And exchange it into bitcoin after a while.

[CryptoLing]

Not for me, in this bear market I always put back my capital into fiat. Because we don't know what might happen in next few days, I guess it's better safe than sorry right.

[Cosbycoin]

Hi,
I'm wandering if there's anyone here who keeps their trading capital in BTC, say at bitmex.
So, never going short or hedging your dollar value, only ever; no position or long. Adding and removing leveraged positions on top instead - as a form of long and short.

I don’t think there is anyone that never does that ,everyone who is into trading does it. I keep my trading money in BTC most of the times , though I do convert some to dollars and keep, but that’s mainly a part of the profit then I continue to keep the rest as BTC for trading. The only time I don’t keep my money in BTC is when I’m not going to trade for a long time, so that I don’t take losses that I’m not even aware of when they happened.

[rijaljun]

I do that. however, I save it not only in the form of bitcoin, but also in ETH. well, I think the potential of both is the same, so when my token has a bitcoin pair, then I will store it in the form of bitcoin, and if in the form of ETH, I will save it in that form.

It's good to only hold Bitcoin at bear market if you want to play safe. But, if you have been holding Ethereum since last few months or a year ago, you must have lost your portofolio value because Ethereum price has been falling in the whole 2018 years. Well, that should be an experience for you to only hold Bitcoin in the bear market.

[Indrawan77]

Yeah I keep most if capital trading in btc, so whenever I don't trade I still can make profit if the price going up, but in bear market its better to switch to fiat or usdt, but if you want actively trading then btc is the best form to store your capital, because you can trade any coin using btc and btc price tend to be more stable than any other alt coin