maybe someone can answer this for me?
Im a little confused when it comes to BTC vs USD in trading....
If you use BTC to invest in ALTS .... When the ALT goes up I see that BTC is down.... Which means that if you sell back to BTC you have to wait for BTC to go up... right? IDK for sure, Can someone please explain this to me?
So for example... Buying EOS with BTC ( EOS/BTC )
When EOS goes up you make more BTC.... but them BTC went down... so did you really make money? it just depends on if BTC didnt go down as far as EOS went up.
How about buying with BTC... then selling the ALT for USD ( when available )
THEN buying BTC OR ALTS when ever they are at the lowest??
Again, Im not sure about all of this, can someone who understands it better please explain it to me?
Hi @cryptosuf,
In my opinion, it's better to focus on increasing the amount of BTC we have because in the long run BTC as it has already proven will keep going up for years to come if Crypto Currency stays there.
If bitcoin won't go up what's going to go up in Crypto world?!
People who are new to Crypto Currency what they hear about is BTC and the way to get into Crypto Currency is mostly by buying BTC.
Altcoins can be used to increase your BTC balance or if they're good ones they might survive and with BTC going up it will actually take all the altcoins USD value up.. But is this what you want?.. or focus on increasing your BTC which can be worth more than $100,000 one day?
Again, this is only my humble opinion!
All good information and the community helping each other to make more :)
thank you very much
You're welcome :)
Personally I just stick with USD value as a primary measure of my performance. I look at BTC as a secondary pat on the back when I beat its performance.
Just forget about Bitcoin.
More % gains with altcoin.
Doesnt matter what you gave up to get an alt coin, all that matters is that you have X amount of a certain alt. Then that alt will have price in both BTC and USD. If youre a USD based investor simply check USD price of your alt and see if you can now get more or less USD in exchange for your alt. Its as simple as that.