Take Profits in BTC or USDT

[DarkDays]

There is some confusion when it comes to BTC Market or USDT Market and sometimes it is difficult to decide to take profit in which currency, BTC or USDT.

I give you an example here and hope anyone can explain in detail.

ETH was 0.035 BTC few months ago and it was around 400$ USD. I did not took the profit and did not sell Eth.

Today, ETH is 0.028 BTC but in USD it is around 540$. (buz BTC price is high)

Now if i had sold it earlier at 0.035 BTC, so today's its worth would have been 660$.

So what's is the best approach in this case to get the maximum profit ?

For me it would make sense to cash out and take your profit in the non-volatile coin, so in this case USDT. Of course, the problem with doing this is that you exit the ETH or BTC market entirely but at least you secure your clean profit. On the other if you take your profit in either ETH or BTC then you're still at the risk of volatility so in that case to me you haven't secured a profit as that's still liable to the market volatility.

I hope this makes sense.

[BITCOIN4X]

Bitcoin and Ethereum are two cryptocurrencies that have good potential, but bitcoin will be the best in comparison to Ethereum. I believe bitcoin is a potential asset to hold in the long term, and it will be the best investment in the crypto world to enjoy as you age. Selling bitcoin for USDT might be an alternative to keep capital stable when bitcoin price are down, but if this is the case then I often sell directly to fiat and wait for the best time to buy again and that will get us more bitcoin.

[maruf01788]

I always like usdt for profit. Bitcoin is best for long term hold.  But if want to get profit in s short time then i think you should choice usdt. Look, when Ethereum was $1200 if you hold them in btc then you lose  more now.  But you hold them in usdt, you can buy double now.

[Traderbtcc]

I get confused by this stuff so many times, but every single time I still end up picking usdt, I think no matter which side you pick there will certainly be a drawback, if you pick a stable coin (usdt) well you will be left out when btc start pumping crazily, cause your amount in usdt won't increase, but it will also save you when bitcoin starts dumping massively, for me I will always choose to play safe and try not to get caught in the web  .

[coolcoinz]

I always like usdt for profit. Bitcoin is best for long term hold.  But if want to get profit in s short time then i think you should choice usdt. Look, when Ethereum was $1200 if you hold them in btc then you lose  more now.  But you hold them in usdt, you can buy double now.

USDt is only for taking profit that you're planning to reinvest. USDt functions as a kind of middle man that stabilizes value, but is not spendable.
I'm not a trader, I either enter a certain investment for months, or exit back into fiat. When I enter an investment I don't hold coins on an exchange but on my own wallet, and when I take profit it's directly into fiat money, preferably cash, that's why I never use usdt, but each of you can be in a different situation, so I can't tell you whether in your case USDT will be better than USD or EUR.

[blockman]

I always like usdt for profit. Bitcoin is best for long term hold.  But if want to get profit in s short time then i think you should choice usdt. Look, when Ethereum was $1200 if you hold them in btc then you lose  more now.  But you hold them in usdt, you can buy double now.

It is good if you're planning to get back. That's how day traders do for them to maintain their capital and profit at the same time. Taking the time to wait for the correction of bitcoin and then they'll buy back. It's up to them if they will include the profit for purchasing bitcoin or it's only their capital that will be used again.

[BChydro]

It depends upon the market situation, if you think that the market is going for a correction i would go with USDT or USD depending on the exchange i am trading and if i think that the price of bitcoin is going for a big rally i would sell off my alt coins to bitcoin rather than any other trading pair because you will gain a much better profit with bitcoin than any other alts.

[TheBunting43]

There is some confusion when it comes to BTC Market or USDT Market and sometimes it is difficult to decide to take profit in which currency, BTC or USDT.

I give you an example here and hope anyone can explain in detail.

ETH was 0.035 BTC few months ago and it was around 400$ USD. I did not took the profit and did not sell Eth.

Today, ETH is 0.028 BTC but in USD it is around 540$. (buz BTC price is high)

Now if i had sold it earlier at 0.035 BTC, so today's its worth would have been 660$.

So what's is the best approach in this case to get the maximum profit ?

IMO it depends if you are "cashing in" and plan on selling it and taking the fiat currency to use to pay bills etc. If this was the case I would sell it based on the USDT price and then convert to fiat to do so.

If not, I would be using the BTC price, as I will be wanting BTC profit that I can then either bank, or use on my next altcoin venture.

There is more than one way you can bank your profit, which is why i love the space

[MCobian]

Because the market is currently in a bullish trend, it is more profitable to take profit in Bitcoin, because the profit we make will be higher.
Meanwhile, if the take profit in USDT will be stable, since I also plan to hold Bitcoin for the long term it is very reasonable that I prefer to
take profit in Bitcoin. Especially if you see that the price of Bitcoin is now at the price of $ 18,600, which makes me optimistic that take
profit in Bitcoin is the right decision.

[KnightElite]

I think you have a problem when it comes to choosing what pairs you should use, my approaches in trading depends on what kind of trend of the coin that I keep trading. If I saw that the trend is bullish most likely I will not trade my BTC or the coin that I currently trading into USDT because I do not want to waste opportunity but if the market is bearish then it is better to stay at USDT because the market is fearful wherein we are prone to incur huge losses. I think what happened to you should serve as lesson, anyway there are still a lot of opportunities and do not regret what you did. You can still make profit trading BTC or ETH just make sure that you have a proper plan.

[Sled]

BTC to USDT and then USDT to BTC. I usually convert my BTC to USDT and I think this is the best thing to do, and I find this profitable and safe trick.

What bothers you is that you are also not sure about your plan. Tried to reconcile it and set a plan for the incoming so you will be guided. Everything won't work and you will go nowhere if you are not sure what you are doing.

because if were you, I choose BTC over any crypto. Because I know that Bitcoin can be rusted and that to believe that it won't make disappointed in the future. This is my plan and has to stick to it until such time that it no longer working.

[bitcampaign]

There is some confusion when it comes to BTC Market or USDT Market and sometimes it is difficult to decide to take profit in which currency, BTC or USDT.

I give you an example here and hope anyone can explain in detail.

ETH was 0.035 BTC few months ago and it was around 400$ USD. I did not took the profit and did not sell Eth.

Today, ETH is 0.028 BTC but in USD it is around 540$. (buz BTC price is high)

Now if i had sold it earlier at 0.035 BTC, so today's its worth would have been 660$.

So what's is the best approach in this case to get the maximum profit ?

It's clear if you want to spend something in real life you need to use USDT of course and withdraw it as currency, but if you just want to save it so just save it in the form of bitcoin or other altcoins, that's easy friends, because we know bitcoin can't be used in a real way. full to buy your needs in the real world, although there are not many supermarkets that accept bitcoin payments

[elisabetheva]

There is some confusion when it comes to BTC Market or USDT Market and sometimes it is difficult to decide to take profit in which currency, BTC or USDT.

I give you an example here and hope anyone can explain in detail.

ETH was 0.035 BTC few months ago and it was around 400$ USD. I did not took the profit and did not sell Eth.

Today, ETH is 0.028 BTC but in USD it is around 540$. (buz BTC price is high)

Now if i had sold it earlier at 0.035 BTC, so today's its worth would have been 660$.

So what's is the best approach in this case to get the maximum profit ?

It's clear if you want to spend something in real life you need to use USDT of course and withdraw it as currency, but if you just want to save it so just save it in the form of bitcoin or other altcoins, that's easy friends, because we know bitcoin can't be used in a real way. full to buy your needs in the real world, although there are not many supermarkets that accept bitcoin payments

USDT can also be used as storage which is very stable but for investment it is not recommended that you hold it apart from the price going down, but we know that now the price increase season, you should stick to bitcoin or altcoin which is at the top of the ranking. because you will get a fair amount of returns from this increase, so be prepared for it.

[noorman0]

If you want to end your speculation today, usdt is the best choice. Besides, the current usd value has decreased a little. The hope is that once the USD recovers, it will be enough to buy .035 BTC or more.
If not, then it depends on your next speculation. Right now is a bitcoin rally reaching a new ATH, not an altcoins event.

[AakZaki]

The best thing to do when you are not sure is going half half, that way the outcome will be the same no matter what. If you have a good feeling though then use your gut. But never ever sell off all your coins unless you plan on buying them back later at a cheaper price. Just be very careful about doing that though as it's very risky.

Selling half of it is a good strategy that can be done, because bitcoin will not continue to rise and when the price of bitcoin starts to fall or there is a correction, we still have spare money to buy at a cheaper price. Bitcoin and ETH prices are currently in sync and are starting to be bullish. ATH will be reached in a moment. Keep your bitcoins well if you have them and don't sell them all.

[Rodeo02]

If you want to end your speculation today, usdt is the best choice. Besides, the current usd value has decreased a little. The hope is that once the USD recovers, it will be enough to buy .035 BTC or more.
If not, then it depends on your next speculation. Right now is a bitcoin rally reaching a new ATH, not an altcoins event.

Altcoin event is also starting this week if you look at the price on it in coinmarketcap you can see big movement of different altcoin just for this week.

I expect more increase in price of altcoin before we will beat the ATH of Bitcoin before this year's ends.and that is what should be monitored right now if you invest in altcoin be in a position to sell it to usdt anytime or secured it in btc .

[CryptopreneurBrainboss]

The scenario you used resulted due to the massive push bitcoin has been recording of recent. Bitcoin in just 2/3 month has increased from $9000 to $18000 and still increasing, you can't expect the market to still be the same in regards to the satoshi value of the alts traded against bitcoin. In bitcoin bull run we're advice to avoid trading alts against bitcoin instead do so against fiats and stablecoin.

Your trading strategy should automatically detect where you take profit that's why we're always advice to have a trading strategy and not just go into any trade we see. Assuming your intentions for your trades were to secure more bitcoin than it would had been best you take the profit in Bitcoin especially when the market sentiment is bullish. Overall you gain more when your profits are taken in Bitcoin and not fiats.

[yohananaomi]

If you want to end your speculation today, usdt is the best choice. Besides, the current usd value has decreased a little. The hope is that once the USD recovers, it will be enough to buy .035 BTC or more.
If not, then it depends on your next speculation. Right now is a bitcoin rally reaching a new ATH, not an altcoins event.

You are right because the price of Bitcoin has reached its peak this year. Although the value of Bitcoin cannot be estimated, it can be said that it is the best opportunity to make USD. Maybe the price may go up a bit but there is a possibility of stumbling. So the foresight itself.

In fact, the peak will be obtained by bitcoin if in my analysis it is not this year but next year, this year is the first breakthrough from bitcoin before making a phenomenal breakthrough. so don't miss it to be able to enjoy an increase from bitcoin next year.

I agree with my friend that bitcoin is indeed very difficult to predict but we can see the past of bitcoin movements. from there we can draw conclusions that at least we can use as a reference for taking action.

[kapalmabur]

First of all , market price did not stay at any price and it changes with demand and supply. A proverb says,"No risk ,no Gain." It's a bit of risky but I see bitcoin in a higher position. So, It must be BTc from my side.

if the price is high and the indicator reaches a peak, then we better put the profit on USDT,
because we also never know where Bitcoin will go, especially now that the Bitcoin price is still sideways,
maybe it could experience a correction or pump again, be a wise.

[NelfiNovita]

it is better to take profit in BTC because the price goes up very high compared to altcoins, if we take in the form of ETH or USDT there will not be much price increase, so we won't get too much profit. I recommend taking it in the form of BTC and holding it for a long time to make more profit.