Good man! I have actually found it to make a little more sense speculating against /BTC or /ETH vs. USD (and a bit funner!).
So many people are tracking Alts against USD because they haven't taken a second to realize what they are doing. If you purchase coin XYZ with .5 ETH (which is $500), and then ETH rises from $1000 to $1500 and their XYZ position decreases from .5 ETH to .4 ETH, they are still happy because their USD position has increased. I still consider that a loss because your ETH value is now lower than it was if you were to have just held the ETH.
Happy to hear about other people using this mindset.
Good man! I have actually found it to make a little more sense speculating against /BTC or /ETH vs. USD (and a bit funner!).
So many people are tracking Alts against USD because they haven't taken a second to realize what they are doing. If you purchase coin XYZ with .5 ETH (which is $500), and then ETH rises from $1000 to $1500 and their XYZ position decreases from .5 ETH to .4 ETH, they are still happy because their USD position has increased. I still consider that a loss because your ETH value is now lower than it was if you were to have just held the ETH.
Happy to hear about other people using this mindset.