Assume that I bought 1 BTC and price is 8185 USD. I would like to buy ETH with all BTC. Price for ETH is 685 USD for now. In case, BTC is down to 7500 USD. I think that ETH price will be down also. On that situation, how do you think that buying ETH with BTC is more profitable than buying ETH with USDT. There is the transsction fee of 1% in binance. I am confused for that and I do not know how to calculate for break event point. Thank you all friends.
There is not an absolute answer for this, but for what I have seen in this market when both bitcoin and altcoins are going down altcoins have a tendency to go lower in price in a faster way, this means that it is way better to hold bitcoin than to hold any altcoin, which means there is no reason to hold tether in that particular scenario, but there may be circumstances in which the price of bitcoin decreases faster than the price of ethereum and in that scenario it would be better to hold tether.