trade against USD or BTC?

[rufio90210]

Maybe someone expierenced or Ben can help me with this - I am having real trouble grasping whether to be trading against BTC or USDT? Many seem to say BTC, but I have been in situations when trading alt coins against BTC and they are 4 % up yet I have lost money because both were down against USD.



Is there any simple rule of thumb as to when to trade against USD and BTC?


Maybe always trade against USD unless BTC is in Bull Mode /?

[FruitsBasket]

Maybe someone expierenced or Ben can help me with this - I am having real trouble grasping whether to be trading against BTC or USDT? Many seem to say BTC, but I have been in situations when trading alt coins against BTC and they are 4 % up yet I have lost money because both were down against USD.



Is there any simple rule of thumb as to when to trade against USD and BTC?


Maybe always trade against USD unless BTC is in Bull Mode /?

Bear market trade in usd, bull maket trade in btc.

[rufio90210]

and how about today when all seems a bit uncertain / sideways?

further to my post - I think some of you will ask my goal more BTC or USD?

To be honest, - BOTH!

But if I am always trading against USDT would that not also naturally increase BTC?

[Rubick99]

I always trade with BTC pair, because I do prefer to hold or collect more bitcoin. I have personally target that I'll tethered my bitcoin when its already $20K/BTC. Trades altcoin with USDT sometime make me lose in BTC estimate value then BTC prices go up and altcoin dump as usual.

[mk4]

In my opinion, trade with what you want to accumulate. Are you trading to increase your BTC holdings for a bigger long-term investment holding? Trade against BTC. Do you just care about USD profits and couldn't care less about bitcoin? Then trade against USD.

[rufio90210]

so you guys trading with btc - do you not trade into USDT when all is going down? So is it not better to focus on the stable coin as base currency which will of course increase your BTC over time?

[jossiel]

so you guys trading with btc - do you not trade into USDT when all is going down?

I have never traded with USDT, all in to trade for BTC / satoshi's. I think you have adopted the strategy of most traders that are trying to save their assets through USDT.

So is it not better to focus on the stable coin as base currency which will of course increase your BTC over time?

If you have failed with it as a base pair, try something else which you think that you can excel. You don't have to stay with that pair if you keep failing, you need to search for something that will make your trade better.

[Slow death]

I trade BTC - USDT, for example:

When the price is too high, something like $13000 I sell my bitcoins and get USDT and then I wait for the price to drop a lot and I buy BTC, then I wait again that the bitcoin price goes up a lot to sell and have USDT and when the price drop I buy BTC. With that I accumulate more BTC... of course there are risks and you should always use Stop - Loss

[BitMaxz]

At my own suggestion, you should have them both separately.

Here's my own sample below.

$1000 value in BTC to trade with an altcoin. Focus your $1000 value in BTC to altcoins.

Then, $1000 value in USDT to trade with BTC  

So that you don't lose the opportunity to make a profit on both of them. Because the movement of the price is not stable and you don't know what will be the price of the coins and BTC in the next day.

[harizen]

so you guys trading with btc - do you not trade into USDT when all is going down? So is it not better to focus on the stable coin as base currency which will of course increase your BTC over time?

It's an option but not "always".

Since you are confused, you might want to test what will be the outcome if you did both.

You might saw others gaining advantage on that strategy however, that's not always the case to all. Goodluck.

[Gi01]

Maybe someone expierenced or Ben can help me with this - I am having real trouble grasping whether to be trading against BTC or USDT? Many seem to say BTC, but I have been in situations when trading alt coins against BTC and they are 4 % up yet I have lost money because both were down against USD.



Is there any simple rule of thumb as to when to trade against USD and BTC?


Maybe always trade against USD unless BTC is in Bull Mode /?

Looking the current state of the cryptocurrency market, it is advisable to always trade against either USD or USDT. This helps you the trade to minimize your risk of losing funds in case Bitcoin fluctuate. The volatility of Bitcoin makes it reasonable to trade against a more stable coin like USDT or USD.

[AjithBtc]

I trade BTC - USDT, for example:

When the price is too high, something like $13000 I sell my bitcoins and get USDT and then I wait for the price to drop a lot and I buy BTC, then I wait again that the bitcoin price goes up a lot to sell and have USDT and when the price drop I buy BTC. With that I accumulate more BTC... of course there are risks and you should always use Stop - Loss

This is the best practice to accumulate bitcoin. As the market of bitcoin is fluctuating so is the market of altcoins. This will cause some form of complications when we do trades against bitcoin. Selling for USDT when the price is high and buying back bitcoin with USDT when there is drop in the price gives a easy understanding about increasing the way to accumulate more bitcoin. In the place of USDT some other stablecoins can also be considered.

[maydna]

There is no rule to trade against USD and bitcoin, and it depends on what we want. If you're going to increase your bitcoin amount, you can buy bitcoin when the price is down and sell when the price is up.

It is a simple example to trade USD pair bitcoin, and I hope you can understand.

For example, you have $10k, and the bitcoin price is $10k. In the next hour, the price will be $9700, so you get 1.05263158 btc.
Then in the next hour, the price increase at $10,500, and you sell 1.05263158 btc to make a profit for $11052.63159.

If you can repeat the process, I guess that you will have a chance to increase your bitcoin and your tether at the same time.

But that will be different if you want to trade bitcoin pair altcoin, but the basic is the same.

[Herbert2020]

it depends on your goals.
everyone who is in the market wants to make profit and they are mostly "investors". this means they want to invest in something that has a long term potential and that thing is bitcoin. so what they do is that they initially buy bitcoin then to increase their "bitcoin" they trade altcoins.
so when bitcoin price goes down they don't care because they are still increasing their bitcoin possession and in the long run that will be a lot more profitable.

by the way, even if you wanted to trade against fiat you must choose "fiat" not a fiat equivalent such as another altcoin called USDT.

[timerland]

Personally, I always trade-in BTC terms. I value my portfolio at a BTC value, due to the number of altcoins I have, and because the USD value doesn't matter (because I rarely cash it out).

It'll really depend on a lot of factors, for example, if you are mainly holding BTC, you might want to think in USD terms. If you hold a lot of altcoins, think like me.

It'll also depend on what you are thinking with the portfolio. If you are cashing it out soon, you might want to set a fiat goal, but since I have no idea what I'll be doing with my BTC and altcoins, I think in BTC terms.

BitMaxz has a pretty good example of combining both methods, that's pretty neat.

[beachbummer]

You will also need to factor in the available liquidity.

Even for a large exchange like Binance, their USD-based order books are much smaller when compared against the BTC-based order books, so there will be some price difference. If you place a large order for a USD-based pair, you may find that the price you get is unfavourable when compared against the BTC-based pair.

[rufio90210]

So the majority of you are just sucking up when you seed USD value lowering and just focusing on making sure the BTC value is consitently rising?

[meanwords]

How about try both? that way you should be able to tell which is more profitable to you. Also, it's not like USDT/BTC pair is the only trade-able asset here in cryptocurrency space, there are a lot to pick from. If you really are having a bad time profiting in altcoin, I suggest that you go against USDT as the price is stable. Although I seldom trade, it's working for me if luck's on my side. Also, trade with the highest volume.

[Red-Apple]

most altcoin exchanges don't have fiats like USD listed and for good reasons since they bring about a lot of problems including KYC. so i always prefer trading against bitcoin. we are in a decentralized market and we should treat it accordingly too, which is another reason.
and finally as others also said, it is all about increasing the amount of bitcoin i own so trading against bitcoin helps with that.

[peter0425]

so you guys trading with btc - do you not trade into USDT when all is going down? So is it not better to focus on the stable coin as base currency which will of course increase your BTC over time?

Maybe because most of us are believing in Bitcoin that’s why all we want to do is accumulate more bitcoin as possible.fiat is easy to have and besides this is what we use in daily living while bitcoin is for the future.

So the majority of you are just sucking up when you seed USD value lowering and just focusing on making sure the BTC value is consitently rising?

Partially yes that’s what we intend to do but you know crypto,specially bitcoin that there are concerns about manipulating and besides we only owned small part compared to whales so basically they are the one who controls the market