Post
Topic
Board Trading Discussion
Re: What price to look at when trading
by
Genemind
on 24/04/2018, 20:00:41 UTC
Hey guys

Just a little newbie question

I´ve noticed on coinmarketcap.com that sometimes the BTC is lower than the Dollar (USD). It doesn´t always follow that price.

I´ve bought some coins for X amount for BTC´s ... but when I want to sell that coin, the BTC value is actually lower than when I bought the coin for BUT the USD has price has grown.

So what do you guys look at when trading ?? The USD or the BTC

Thank you

It actually depends, if you are in a country where you can withdraw your money directly in USD, if that is profitable for your trade you better trade using USD pair. If not, trade in BTC pair. I look at BTC price since I cannot withdraw dollars and we are not using that currency when we are withdrawing money in our country.