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RE: Why is always more profitable to trade alts vs BTC, not vs USD

in #cryptocurrency7 years ago

Great article! been trying to figure this out for a while. After trading on bitfinex and binance, i've finally decided that it was too much effort to profit from trading on binance using ATL/BTC pairs. Using USDT pairs on bitfinex is much easier.

At the end of the day, if i want an alt coin that is not on bitfinex, i buy it on binance and hodl it. If i want profits from trading, i just use BTC/USDT since its so volatile the profits are much greater than trading alt coins. Besides, look at the trends, most Alt coins follow right after BTC anyway. Adding ALT/BTC/USD to the mix just makes trading slower, i'd rather keep it simple with BTC/USDT.

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exactly..a while back though alts did theier own thing dispite what btc did..now it isnt worth the headache and weird because when btcusd is up /btc alts are also up hahaa