Quote from: Imran232 on Today at 01:00:43 PM

Quote from: FIFA worldcup on November 21, 2020, 07:55:00 PM

There is some confusion when it comes to BTC Market or USDT Market and sometimes it is difficult to decide to take profit in which currency, BTC or USDT.

I give you an example here and hope anyone can explain in detail.

ETH was 0.035 BTC few months ago and it was around 400$ USD. I did not took the profit and did not sell Eth.

Today, ETH is 0.028 BTC but in USD it is around 540$. (buz BTC price is high)

Now if i had sold it earlier at 0.035 BTC, so today's its worth would have been 660$.

So what's is the best approach in this case to get the maximum profit ?

Though question is very good but answer is very simple you don't need to think which currency is profitable just think when you want to take profit, it is also simple just take your profit when the price is high don't think about value. Or if you want to compared then you can but my suggestion when the price gose high don't convert your crypto to unstable coin try to convert it stable coin like usdt. And then buy again when others currency gose down. Don't exchange into btc. So choose usdt when you in profit.

I think it is important to look at the momentum.
I mean if you do play it safe , a stable coin like usdt is your answer, but when you looking for more profit, more than just your trading profit but a long term profit then i think taking profit in bitcoin with the right momentum always better.
Here lets take an example , the lowest price of waves coin occured in usdt at around 0.6 usdt last year in december when the bitcoin price swinging from 9000 usdt down to 7000.
Imagine if you takes profit in bitcoin rather than usdt , how much the profit you will have now?
Waves price increased 10times , bitcoin price increased 2 times but in waves-btc pair increased 5 times.
You bought 1000 waves worth 600 usd , sell it now for 6000 usd
You bought 1000 waves in bitcoin worth 0.00007 0.07 equal to 600 usdt , sell it now at 0.00035 for 0.35 equal to 6000 usdt , it is same but momentum make the difference!
You can gain more than just the average people if you takes profit in bitcoin and gets the momentum at the same time.