Maybe someone expierenced or Ben can help me with this - I am having real trouble grasping whether to be trading against BTC or USDT? Many seem to say BTC, but I have been in situations when trading alt coins against BTC and they are 4 % up yet I have lost money because both were down against USD.
Is there any simple rule of thumb as to when to trade against USD and BTC?
Maybe always trade against USD unless BTC is in Bull Mode /?
Looking the current state of the cryptocurrency market, it is advisable to always trade against either USD or USDT. This helps you the trade to minimize your risk of losing funds in case Bitcoin fluctuate. The volatility of Bitcoin makes it reasonable to trade against a more stable coin like USDT or USD.