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RE: FIXING THE ALT/BTC PAIRING PROBLEM IS IMPERATIVE TO THE SUCCESS OF CRYPTO

in #cryptocurrency8 years ago

@eternalsunshine Thanks for responding - Do you have an exact date of ETH being $12 in August 2016? Bitcoin ranged from $465 to 600 in August 2016 - and $12/$465 = roughly .028 so the correlataion maintained. Today - Ballpark numbers ETH is around $250 - Bitcoin around 3000 - so 250/3000 = roughly .083.

The pairing should be exact always if used the way it has been - and like I said - even if the $ amount of a coin doesn't go up as Bitcoin surges - The % either lowers or greatens and many people roughly gauge a coins value by it ALT/BTC pairing %

Not long after righting the article I found the solution - well kinda - however am still perplexed why it's not used - THE USDT - USD Tether which has always maintained around the price of $1 somehow even tho you can potentially pump it I suppose -

So why was USD Tether created and rarely used on Exchanges? Why do some exchanges like corrupt Poloniex have 75 coins paired to BTC and 8 paired to USDT?

I think it would be easier for all and especially for widespread growth to be able to quickly see a value or bid wall in $ at all times.. Especially if the SEC will ever adopt EFT's or Support Exchanges by Federally backing their holdings as they do with banks -

The search continues - until then - I believe it is solely to confuse the new investor and allow whales to manipulate them more easily and for Exchanges to show false increases in value to get more money pumped into them

I hope a clever mind can explain this to us all :)0

PS - GO NEO!!!! (Formerly ANS AntShares) WAYYYYY PAST THE MOON

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And choosed to see until 1Y ago.
So the 10th of August 2016 for example, it was $11.68.I checked ETH value with this link : https://www.cryptocompare.com/coins/eth/overview/USD