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RE: Trade like a profesional, with no emotions + building small accounts
Quick question, would it wiser to trade pairs where one of them is a Fiat like USD or EUR? I understand that when trying to get more BTC (or ETH) you should trade BTC/ETH for example.
But because BTC/USD is going up and down so much, ETH/USD or ETH/EUR would seem wiser. Except of course if you want to hold BTC for later, like a couple of years: but predicting the future is hard..
Everybody needs to pay bills with 'real money' since it is not possible yet to pay everything using a crypto currency.
I dont worry about the ups and downs of the BTC im holding, or the BTC im using to trade other coins with.. if you keep switching back to fiat then you will miss many many good trades.. so you have to reserve some BTC to use for trading other coins.. its all part of the business
My thoughts: If you're not using the BTC you're making to pay the bills, then the weekly ups and downs don't matter as much. All that matters is the long term BTC trend. Which is up up up.
Yes that is what others tell me too. Buy, Sell, Repeat. And put a percentage of the sell profit away for later like Luc suggests. Sounds like good advice to me.