This is a great point. However, the altcoins that are good projects and making good progress can still outperform.
IOTA and ADA are two of my favorite coins!
Another coin that has been doing well is Enjin.
And of course, recently, bitcoin cash.
Topic: Altcoin "gains" expossed (Read 137 times)
very good collection of revealing images. measuring against satoshis is immensely beneficial.
if you talk about global cryptocurrency, so yes it must compare or paired with BTC
but if you compared or paired with fiat that already have fundamental value, i think this is not wrong either
i think if we talk about gain here, we must talk about how much profit it make in same time and also same capital
for example is we invest 100 USD in BTC and compare it with 100 USD in another coin
but if you compared or paired with fiat that already have fundamental value, i think this is not wrong either
i think if we talk about gain here, we must talk about how much profit it make in same time and also same capital
for example is we invest 100 USD in BTC and compare it with 100 USD in another coin
This pic right here:
Beware of what you call "gains".
On a long enough timeline, if these gains aren't BTC gains, then you aren't making real gains. Gains against USD as we can see, is making gains against a deprecating currency.
Most altcoins cannot keep up with BTC. If you get into a trade and end up with less BTC, even if your overall USD went up, you lost money. You need to make BTC gains for it to be a gain.
The question now is: what altcoins are keeping up with BTC and delivering BTC gains? recent winners:
https://coinmarketcap.com/currencies/iota/
https://coinmarketcap.com/currencies/cardano/
and surprisingly:
https://coinmarketcap.com/currencies/monacoin/
Any others?
This is why i measured my gains in satoshis not in usd or any fiat,you are absolutely correct. Beware of what you call "gains".
On a long enough timeline, if these gains aren't BTC gains, then you aren't making real gains. Gains against USD as we can see, is making gains against a deprecating currency.
Most altcoins cannot keep up with BTC. If you get into a trade and end up with less BTC, even if your overall USD went up, you lost money. You need to make BTC gains for it to be a gain.
The question now is: what altcoins are keeping up with BTC and delivering BTC gains? recent winners:
https://coinmarketcap.com/currencies/iota/
https://coinmarketcap.com/currencies/cardano/
and surprisingly:
https://coinmarketcap.com/currencies/monacoin/
Any others?
Verge was massive this month: https://coinmarketcap.com/currencies/verge/
I've bought some this summer , and sold it after it pumped thinking that was it.
Looks like i was very wrong back then .
I've bought some this summer , and sold it after it pumped thinking that was it.
Looks like i was very wrong back then .
Oh fucking hell, that's what im talking about. An actual pump where BTC and USD correlate, or even BTC surpassed USD, great volume to unload as well... THAT is a pump.
If only we were able to hold the coin that would go x100 against BTC while it's flat... there are too many at this point.
What is Verge and why did it pump? any reasonable fundamentals? or John McAfee twitted it or something?
I remember this altcoin from a while ago but never paid any attention to it.
There are quite a number of coins that gained over BTC.
Both BNB & QTUM have gained significantly and returned more BTC. Not sure what is the timeframe you are looking at, but the run up happened in just a few hours with 100% gain in one day.
Both BNB & QTUM have gained significantly and returned more BTC. Not sure what is the timeframe you are looking at, but the run up happened in just a few hours with 100% gain in one day.
Verge was massive this month: https://coinmarketcap.com/currencies/verge/
I've bought some this summer , and sold it after it pumped thinking that was it.
Looks like i was very wrong back then .
I've bought some this summer , and sold it after it pumped thinking that was it.
Looks like i was very wrong back then .
Oh fucking hell, that's what im talking about. An actual pump where BTC and USD correlate, or even BTC surpassed USD, great volume to unload as well... THAT is a pump.
If only we were able to hold the coin that would go x100 against BTC while it's flat... there are too many at this point.
What is Verge and why did it pump? any reasonable fundamentals? or John McAfee twitted it or something?
I remember this altcoin from a while ago but never paid any attention to it.
Verge was massive this month: https://coinmarketcap.com/currencies/verge/
I've bought some this summer , and sold it after it pumped thinking that was it.
Looks like i was very wrong back then .
I've bought some this summer , and sold it after it pumped thinking that was it.
Looks like i was very wrong back then .
This pic right here:
Beware of what you call "gains".
On a long enough timeline, if these gains aren't BTC gains, then you aren't making real gains. Gains against USD as we can see, is making gains against a deprecating currency.
Most altcoins cannot keep up with BTC. If you get into a trade and end up with less BTC, even if your overall USD went up, you lost money. You need to make BTC gains for it to be a gain.
The question now is: what altcoins are keeping up with BTC and delivering BTC gains? recent winners:
https://coinmarketcap.com/currencies/iota/
https://coinmarketcap.com/currencies/cardano/
and surprisingly:
https://coinmarketcap.com/currencies/monacoin/
Any others?
Beware of what you call "gains".
On a long enough timeline, if these gains aren't BTC gains, then you aren't making real gains. Gains against USD as we can see, is making gains against a deprecating currency.
Most altcoins cannot keep up with BTC. If you get into a trade and end up with less BTC, even if your overall USD went up, you lost money. You need to make BTC gains for it to be a gain.
The question now is: what altcoins are keeping up with BTC and delivering BTC gains? recent winners:
https://coinmarketcap.com/currencies/iota/
https://coinmarketcap.com/currencies/cardano/
and surprisingly:
https://coinmarketcap.com/currencies/monacoin/
Any others?
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