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RE: SIA COIN (SIA) Update: Chart Pattern & Elliott Wave Analysis...Bullish? Bearish? Check out this blog!

in #bitcoin7 years ago

Haejin, why do you chart all altcoins agains USD instead of BTC?
Why do you think that you get better results and more accurate market readings this way?
The final goal is to outperform BTC not USD, because when you outperform BTC you outperform USD as well, while the converse is not true!
Would love to read your reasoning!
Thanks for all the help you give to your followers.

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I trade to USD and not BTC. When I sell, it settles in USD. This is why I don't use Poloniex and don't like so much USDT. Kraken has Euro and I prefer USD.

I can post crypto/usd if you'd like, just specify on request. Doing both would double the work and chart labeling.

Thanks

USD isn't going to pop and suddenly be worth half, BTC is. I exchange it back to USD/USDT ASAP

BTC and all other cryptos are very volatile. Dash is relatively stable. BTC has the weakest fundamentals of all top cryptos. On the long run BTC will end up under performing USD at current inflation levels.