We know that Cardano has been growing bullish recently vs Tether (USDT) but what about the Bitcoin (BTC) pair?
We know that if you buy $1,000 worth of ADA using USDT and ADA grows by 20%, you get 20% but... If you were to buy first $1,000 worth of Bitcoin and instead by through ADABTC and ADA grows 20% while bitcoin grows 15% now you profits are multiplied.
You get to earn from ADAs appreciation in value as well as BTCs appreciation.
This is the reason why we prefer BTC pairs.
Instead of $1,200 with a 20% profit on the USDT pair if one were to buy using BTC with the example above an extra $180 would come in for a total of $1,380, or you could say 38% profits out of the initial $1000.
To maximize potential profits while trading cryptocurrencies the first step is to buy bitcoin or buy btc pairs or withdraw through btc pairs... Bitcoin is the name of the game.
With your BTC you can start your strategy and since we are at the bottom, or close to the bottom, you get to win more in the long-term.
Imagine buying $10,000 worth of BTC rather than USDT and bitcoin grows to $40,000 in 2 years while the altcoins you buy grow 3-5X.
You can enjoy exponential growth while this is lost if you trade with any stablecoin; bitcoin is the best choice if you are smart in this game.
Anybody who has been around for a while can tell you how fast everything grows when the bull market comes.
It also drops fast on a bear market but the bear market has been going for more than a year and once we hit bottom... the only place left to go is up.
Think long-term, plan long-term, earn long-term and the energy you are putting into this will give you more benefits, better results.
Remember, the trick is not to work hard but to smart.
This is just another post in a sea of trade ideas that we share every day but it can be life changing for those who are smart enough to make the change.
Namaste.