It does not matter. The BTC/Alt Ratio is nothing more than an indication. Imagine for one second: would you rather have an altcoin worth 1000 satoshis when BTC itself is worth $10000, or an altcoin worth 750 satoshis when BTC is worth $20000?
Do the math. At the end of the day, you're winning at the USD/Alt ratio. That's all that counts for now, right?!
Hi Haejin, any chance of latest for Siacoin. Appears to be ready to surge out of a very nice cup & bowl IMO? Also longer thoughts on it would be greatly and gratefully appreciated.
But @haejin You said alts will go up with btc. Right now alts are bleeding
I also hope that both of BTC and alts go up together.
(So the main reason BTC goes up is money from the outside of crypto market.)
It does not matter. The BTC/Alt Ratio is nothing more than an indication. Imagine for one second: would you rather have an altcoin worth 1000 satoshis when BTC itself is worth $10000, or an altcoin worth 750 satoshis when BTC is worth $20000?
Do the math. At the end of the day, you're winning at the USD/Alt ratio. That's all that counts for now, right?!
So everything's well that ends well.
not so accurate. if you sell the alts in the satoshi peak you can buy them later again (when BTC price increasing) and enjoy some profit too.
Agreed. When calculating the BTC-equivalent, I lost some BTC today -- but, when calculating the $-equivalent, I gained some $ today.
Hi Haejin, any chance of latest for Siacoin. Appears to be ready to surge out of a very nice cup & bowl IMO? Also longer thoughts on it would be greatly and gratefully appreciated.