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Author Topic: Funds for trading altcoins: BTC or USD  (Read 70 times)
rizabbasi (OP)
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March 01, 2021, 08:45:23 AM
 #1

Hi,

I want to make funds available for trading altcoins on Binance exchange.

I just want to know, shall I make funds available in BTC or USD?

Would be grateful if you just give a reason for your answer in a line or two i.e. what are the pros and cons for choosing one against other.

Thank you in advance.

Kind regards,

Rizwan

Shipping beats perfection. So "ship" and then improve (that 1%).
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JeffBrad12
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March 01, 2021, 09:22:04 AM
 #2

That depends on what will be your aim in your trade
If you are wanna getting a stable profit and then you must use USD as your trading pair to the coins and when you are getting bitcoin as your return and you must make your fund available in bitcoin form.
I personally will try to choose the USD over BTC caused by when you can get the stable income from your trade and that will be very good to see that it will be stable and not getting affected by the volatility.
It's better to choose USD. When you are choosing bitcoin in a bearish situation and that would be a very bad thing.

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rizabbasi (OP)
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March 01, 2021, 10:00:02 AM
 #3

That depends on what will be your aim in your trade
If you are wanna getting a stable profit and then you must use USD as your trading pair to the coins and when you are getting bitcoin as your return and you must make your fund available in bitcoin form.
I personally will try to choose the USD over BTC caused by when you can get the stable income from your trade and that will be very good to see that it will be stable and not getting affected by the volatility.
It's better to choose USD. When you are choosing bitcoin in a bearish situation and that would be a very bad thing.

Hello Jeff,

Thank you for your detailed reply.

One question: Is your reply for people living in USA? Will BTC be beneficial for who are outside US and do not use USD as currency? This question is after watching a video on YouTube:

https://bit.ly/3bP4BQv

Would be thankful if you give your feedback on this video.

Kind regards,

Rizwan

Shipping beats perfection. So "ship" and then improve (that 1%).
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March 01, 2021, 10:00:47 AM
 #4

Hi,

I want to make funds available for trading altcoins on Binance exchange.

I just want to know, shall I make funds available in BTC or USD?

Would be grateful if you just give a reason for your answer in a line or two i.e. what are the pros and cons for choosing one against other.

Thank you in advance.

Kind regards,

Rizwan

its depend on your purpose my friend, if you want to collect more bitcoin you can make your funds available in bitcoin
but if you want to make a stable profit your funds should available on USD
regards
rizabbasi (OP)
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March 01, 2021, 10:09:31 AM
 #5

Hi,

I want to make funds available for trading altcoins on Binance exchange.

I just want to know, shall I make funds available in BTC or USD?

Would be grateful if you just give a reason for your answer in a line or two i.e. what are the pros and cons for choosing one against other.

Thank you in advance.

Kind regards,

Rizwan

its depend on your purpose my friend, if you want to collect more bitcoin you can make your funds available in bitcoin
but if you want to make a stable profit your funds should available on USD
regards


Thanks, Republicrypto. Is your statement applicable for the people living outside USA and do not use USD as currency? 

Shipping beats perfection. So "ship" and then improve (that 1%).
Japinat
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March 01, 2021, 10:18:18 AM
 #6

If you want to be more safer, it should be USD or USDT.

When you trade using bitcoin and a certain altcoins, the both are highly volatile, you need to monitor both coins which requires you more effort to effectively make a right decision, with usdt or usd, you only monitor its altcoin/s pair.

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March 01, 2021, 11:05:30 AM
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 #7

Actually USD is different from the USDT. USDT is also a stable coin with good team and supporters. The price of USDT is similar to US dollar. USDT is Tether and it's also a cryptocurrency.Instead of converting to US dollars and then converting back to cryptosystem. People use of this USDT to store their money in the form of cryptocurrency.

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March 01, 2021, 11:22:25 AM
 #8

In my honest opinion, I always trade-in BTC pairs. Regardless of what the price of BTC is, I always want to increase my BTC stash by trading in alts, though sometimes I got into a little trouble with some poor choices of altcoins but when they get pumped they rewarded me nicely. I am a firm believer of the BTC and the price will go up sooner or later so increasing my holdings will be a great thing to see and have.
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March 02, 2021, 08:10:46 AM
 #9

In my honest opinion, I always trade-in BTC pairs. Regardless of what the price of BTC is, I always want to increase my BTC stash by trading in alts, though sometimes I got into a little trouble with some poor choices of altcoins but when they get pumped they rewarded me nicely. I am a firm believer of the BTC and the price will go up sooner or later so increasing my holdings will be a great thing to see and have.
Depends on what you want to make more from, because if you want to make more dollars then you should trade with USD, depends on which one you want but I prefer BUSD honestly because I trust Binance more than I trust Tether, that should be the case for everyone as well, who the hell is Tether against a place like Binance.

However if your aim is to make more BTC that means you should trade with BTC pairs in order to gain more BTC. That is the mindset because if you want more of one thing, you should focus on that thing and if you focus on another thing you get that, it is not about how much you make it is about what you make. I prefer to make more crypto and that is why I trade depending on getting more of that crypto, it is not bitcoin nor usd for me, I like BNB and because of that I trade with a lot more BNB pairs to make more of that and it has worked out awesome for me recently.

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