trade against USD or BTC?

[cizatext]

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.

Very correct the market condition should determine the whether you trade in USD or BTC. But in most cases I prefer trading in bitcoin since the market is highly volatile and can change at any time.

[yazher]

When the price is not going up at all after I see that I have earned some little Dollars from buying bitcoin, I quickly trade it into our local currency to prevent further loss.

But most high-value investors don't care about price drop they just wait for another big ups to sell their Bitcoins to USD. as for me I keep the minimum risk when I buy it on $9k I wait for 10-11$ to sell it. If not moving to 10k then sell it as soon as possible.

[Little_king]

I advice to trade against btc as no matter what you have it will be better than USD cos USD never increase non reduce but stagnant , but no matter what the price of btc to alts you will still have some advantage regard the profit or loss bit will eventually pay off as it can boom any time.

But shorting and longing is a straight yes for USD and entering it should be very careful with and has to be a very low leverage as its volatility can be mad at times.

[maxreish]

Why don't you try both trading against USD or BTC? If your main goal is to increased your funds via BTC or USD, you can determined that by real experiencing  which one is better. But as for me, I always trade against BTC. The volatility still gives me profits whenever it has a bullish movements. If you want to be safe when there is a continous drop in bitcoin's price, then go for usd.

[matchi2011]

When the price is not going up at all after I see that I have earned some little Dollars from buying bitcoin, I quickly trade it into our local currency to prevent further loss.

But most high-value investors don't care about price drop they just wait for another big ups to sell their Bitcoins to USD. as for me I keep the minimum risk when I buy it on $9k I wait for 10-11$ to sell it. If not moving to 10k then sell it as soon as possible.

You need to have a sets of plans like this in order to continue surviving from this volatile market, with your good anticipations you'll be able to convert little profits from your short term trades, it's a matter how time table you have and your target amount of profits to take,  you can wait for long if you have good source of income and the money that you are using is for investment purposes, you can then maximize and generate bigger.

[Salauddin1994]

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 /?

Bitcoin is the main currency here, it is stupid to calculate the dollar you can trade Bitcoin as a dollar you can only trade as a dollar then you can calculate your profit or loss in dollars. If you think about the dollar you cannot calculate your profit loss on cryptocurrency must worry about bitcoin.
 

[michellee]

Why don't you try both trading against USD or BTC? If your main goal is to increased your funds via BTC or USD, you can determined that by real experiencing  which one is better. But as for me, I always trade against BTC. The volatility still gives me profits whenever it has a bullish movements. If you want to be safe when there is a continous drop in bitcoin's price, then go for usd.

Well, that will make him confuse because he needs a high-skills to trade so he can get the right time to buy in each pair. Not all traders can do that, especially if the market is unstable like today, but it is not impossible to do. But that could be a way for him to grow his bitcoin and usdt at the same time, especially if bitcoin is down today.

[guoyu78]

If you feel one is not working for you, then you can give the second one a little try also to compare which of the trading pairs is really in accordance with your level of understanding and your strategies because everything still depend on you, there are some people that trades better on btc, usd while some trades better with usdt, I think it is about your strategy, I mean what your skills and strategy permit.

I do work with both, and there is none that does not word for me more, although now that we have bull run of bitcoin already, I think it is better to trade altcoins against btc, which is what I think may people does a lot now, and also believe reason why altcoins are all bleeding because many people are trading their alts again btc and not usd.

[jrrsparkles]

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 /?

You can use USDT if you bought your altcoins using USD but most of the time we bought it with BTC since most exchange don't have fiat deposit so always trade against BTC then only you can make profits but lot of beginners do the mistake of trading against a stable value then losing there capital gradually.

Simple rule of trading is "Buy low and Sell High".

[1Referee]

and also believe reason why altcoins are all bleeding because many people are trading their alts again btc and not usd.

Altcoins are bleeding because Bitcoin has been outperforming most of them. If they can't keep up in % USD gains, then their BTC equivalent will drop. If you look at the USD price of altcoins, they have been performing fairly well.

People expected altcoins to go back up when Bitcoin would start correcting, but after going from $14,000 to $9,000 altcoins went down with Bitcoin instead of going up. Another thing is that people think that because altcoins have gone down a lot already, they can't go down more, but they obviously can go down a lot more.

[bitcon]

Why don't you try both trading against USD or BTC? If your main goal is to increased your funds via BTC or USD, you can determined that by real experiencing  which one is better. But as for me, I always trade against BTC. The volatility still gives me profits whenever it has a bullish movements. If you want to be safe when there is a continous drop in bitcoin's price, then go for usd.

I also support your proposition. In this case, you have twice more opportunities to make money. Besides, you will understand what is better for you - to work with fiat only, or involve in these operations cryptocurrencies. Crypto market is volatile, and if you catch the right moment to trade, the profit can be great, bigger than that one, which you can get dealing with the USD.

[TheBusstop]

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.

this the best advice you can get from your trade. since you are a newbie and you find it difficult on how you can earn from trading against BTC in a normal market. the idea behind trading with btc in a bull market is to gain in double fashion. as the token price increases, BTC Price also increase. you earn doubled in price as well. the reason to tread in btc during Bull market.

[Cherylstar86]

Trading between usd and bitcoin is more secure instead of other currency. It won't change very fast at huge amount of fluctuations, that's why the market has gained sustainable and stable movement. Usd has minimal trend to go down, so it continues to grow profitably together with bitcoin even the situation isn't that quick.

[leavolnhals]

There are many ways for you to trade successfully.
You can learn about Technical Analysis to learn more about indicators and signals for more reasonable trading.
When you have learned about TA, all transactions are simple and you will have a higher percentage of wins.

[TopT3ns]

Maybe my strategy when face something like you is, i trade with BTC. But not sell it immediately when BTC price down. For what we always count it in USD if we not want to sell it. And if BTC price keep down, it means i must trade again and gain more BTC to get more money when BTC price is down if compared with USD. I think that simple thing because if we already trade in BTC, we must ready for anything that happen. If we already get profit from BTC, and BTC price againts USD is increased, OP might be not created this thread because he get more profit from it.

[RobertMondragon]

I am not very good in trading. But I am a longterm in trading. I have a buy orders in Bitcoin at $3k price. I believe Bitcoin might go several 3k to 6k and back to 3k again before the massive Bitcoin bull run.

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 /?

[ethereumhunter]

Only trade if you are sure that the time is right because that will help you to determine the right coins to buy and sell. Sometimes we need to move from bitcoin pair usdt, or bitcoin pair altcoin, or altcoin pair usdt. I think only we that will know when is the time to trade against bitcoin or usdt because we used a different method to analyze. But one thing that we should know that when the price is down, then that is a good time to buy the coins and prepare to sell if the price starts to moves.

[Reid]

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?

Well it looks like you already have the answer and being hard headed for other opinions.
You should try again.
You said you made profit with BTC against altcoins. Keep that working.

Waiting time is your enemy. You are being impatient. If you have the ability to grow the number of bitcoins that you have then it is already a good sign.
Do not look at BTC to USDT for now.

[jeraldskie11]

Bitcoin price at this time is more likely to go down, you will not maintain your earnings unlike USD because the price is stable like if you want to rest for a while from trading you will not worrying about it just hold in USD.

[iamzill]

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 /?

if the current market situation cannot be stable maybe using btc can be better, because when btc increases in high profit can be obtained. using usdt will only provide security guarantees, without large profits like using btc