Post
Topic
Board Trading Discussion
Re: How does everyone trade?
by
mobnepal
on 27/08/2017, 04:56:22 UTC
1. Where do you buy your bitcoin from
2. What exchanges do you use
3. When you buy alt coins and profit, do you convert back to btc? Because what if your profit from alt coins and convert it to bitcoins but bitcoins is low, doesn't that defeat your alt coin profit?
4. Do you convert from bitcoin to usd to withdraw? If so where do you withdraw and which method do you use.
1. No any bitcoin trading platform accept bank deposits from my country so I have to buy bitcoin from a local guy at the rate he wants.
2. Currently I am using bittrex for most of my trading but yobit, poloniex, c-cex are few other exchanges where I occasionally trade.
3. I don't try to calculate my profit in terms of fiat, I will just convert all my alts if its price will increase in terms of bitcoin. I can hold bitcoin for long time and as bitcoin price will always tend to go upward, I can be assure that I will not loss anything in terms of fiat by doing so.
4. Mostly I sell my bitcoin to local guys at price of my choice which is currently 10% over market rate. Sometime if I am in hurry, I use my bitcoin debit card to cashout from local ATM.