I always like to invest in Bitcoin and Altcoins simultaneously although it's not the wisest thing. Usually when Bitcoin goes up then Altcoin goes down and vice versa, but thats what happens when you invest in the cryptoworld.
Topic: Altcoin Value (Read 392 times)
Altcoin value is normally measured in Bitcoin and ofcourse priced in Bitcoin too.
The ultimate goal is to invest in Altcoin or Bitcoin, see it rise in value and then when the time is right sell to gain profit! OR simply invest in something else!
The ultimate goal is to invest in Altcoin or Bitcoin, see it rise in value and then when the time is right sell to gain profit! OR simply invest in something else!
How do you measure altcoin value? Do you measure it in terms of bitcoin, or in terms of USD? Which is more important to you?
Asking this because, one can have huge profit in terms of USD in alts and at the same time, a huge loss in terms of bitcoin.
So which one is it for you? Especially in trading of course.
I will choose to get the more into the bitcoin value. Remember the bitcoin volatility gives the more advantage for us. Said a lot of people are losing a lot of money in terms of the bitcoin rather than the dollar itself. Asking this because, one can have huge profit in terms of USD in alts and at the same time, a huge loss in terms of bitcoin.
So which one is it for you? Especially in trading of course.
If they are all keeping the bitcoin and they may get the more value into the dollar terms that's way to measure the altcoin price through the bitcoin seems better than a dollar. The dollar was a stable currency and that doesn't give you advantages like bitcoin.
USD because fiat is still in charge... Bitcoin is not something a value, when I invest to an ICO I invest to make some fiat not to waste my money to an energy+hardware inefficient database which is bitcoin
Its better to use Dollars than satoshis as again you have to convert them in $$. Also if the $$ to btc price rises it will be hard to come to a conclusion that you are in profit or loss.
I measure it in terms of both bitcoin and usd, i always think first which one is good, where i can earn big profit. Always consider both side of them and then make a move and reach your goal.
I always measure in terms of BTC value. That being said, sometime I do have to account for rise or fall of BTC value. I suppose it really depends on if you are a traders or investor
How do you measure altcoin value? Do you measure it in terms of bitcoin, or in terms of USD? Which is more important to you?
Asking this because, one can have huge profit in terms of USD in alts and at the same time, a huge loss in terms of bitcoin.
So which one is it for you? Especially in trading of course.
Asking this because, one can have huge profit in terms of USD in alts and at the same time, a huge loss in terms of bitcoin.
So which one is it for you? Especially in trading of course.
I am always measure the altcoin value in the terms of usd because the main reason of investing in crypto currency is getting the high returns in future if you get high returns in altcoin no need to worry about its price decreased in bitcoin.In terms are trading also measuring in usd is better because trading in coin to fiat which gives more profit than coin to other coin so be wise and get high profits.
If I have bitcoin bought when its USD value was less than 1000USD and if this is the bitcoin that i am investing to buy alts then i consider the btc value, but if i have to put in new btc to buy alts then USD value.
How do you measure altcoin value? Do you measure it in terms of bitcoin, or in terms of USD? Which is more important to you?
Asking this because, one can have huge profit in terms of USD in alts and at the same time, a huge loss in terms of bitcoin.
So which one is it for you? Especially in trading of course.
Asking this because, one can have huge profit in terms of USD in alts and at the same time, a huge loss in terms of bitcoin.
So which one is it for you? Especially in trading of course.
For me it's easy to measure the price of altcoin thru btc although USD it's quiet ok for me. But still depend on you goal and what you think is more useful for you, altcoins are so valuable since it's a cryptocurrency and i think no matter what you prefer for always be profitable on your trading pattern.
It depends on your goal. If you are looking to invest long term, I would focus more on USD value. Bitcoin is another cryptocurrency and is fluctuating too much
Depends really, mainly bitcoin as the ultimate goal of altcoin trading for me anyway is to amass as much bitcoin as i can, then I can look at the $$ value.
How do you measure altcoin value? Do you measure it in terms of bitcoin, or in terms of USD? Which is more important to you?
Asking this because, one can have huge profit in terms of USD in alts and at the same time, a huge loss in terms of bitcoin.
So which one is it for you? Especially in trading of course.
I measure altcoins in usd because usually if we measure new coins in bitcoin, this seem to have equal to a very little fraction of bitcoin.Asking this because, one can have huge profit in terms of USD in alts and at the same time, a huge loss in terms of bitcoin.
So which one is it for you? Especially in trading of course.
It is confusing sometimes to measure a low value coin like $0.01 in bitcoin. Also it will hold me back in processing investments to such a distracted coin.
I especially use litecoin, ethereum, bitcoin for trading, these are major coins in the market
I generally measure value of use, community support, development success and speed, and market depth. I tend to use usd price as bitcoin price is also measured with usd.
How do you measure altcoin value? Do you measure it in terms of bitcoin, or in terms of USD? Which is more important to you?
Asking this because, one can have huge profit in terms of USD in alts and at the same time, a huge loss in terms of bitcoin.
So which one is it for you? Especially in trading of course.
Asking this because, one can have huge profit in terms of USD in alts and at the same time, a huge loss in terms of bitcoin.
So which one is it for you? Especially in trading of course.
Personally, I measure it in terms of bitcoins. I don't know I guess I can easily convert it to USD in my mind if I want to. Its gonna its gonna be easy for me to just used bitcoin. And of course we are trading bitcoin and altcoins so it is much better if we just do it on crypto currency conversion and not to fiat such as USD and EURO.
Both bitcoin and usd is important for me because if I see my coins decrease in terms of bitcoin amount, I would be sad so btc is important.
How do you measure altcoin value? Do you measure it in terms of bitcoin, or in terms of USD? Which is more important to you?
always in terms of bitcoin because if i do so i will be making twice the profit that i can make because i make profit on the bitcoin i invest and then bitcoin price rises in USD and i make another profit there too.and when i check the volume of different markets it seems to me like the alt/BTC market has a lot more volume than the alt/USD market so i guess most people are the same.
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Asking this because, one can have huge profit in terms of USD in alts and at the same time, a huge loss in terms of bitcoin.
So which one is it for you? Especially in trading of course.
actually you are missing out on bitcoin rise if you think like that so you are in fact losing money.So which one is it for you? Especially in trading of course.
for example bitcoin goes up from $5000 to $7000 but the altcoin keeps the price at $200 and at best goes to $210 so you kept your fiat's worth but you missed out on the bitcoin rise so you lost money in fact by holding the altcoin.
i use to measure using satoshi not in btc or usd..trade alts to get more btc and cash out ..
How do you measure altcoin value? Do you measure it in terms of bitcoin, or in terms of USD? Which is more important to you?
Asking this because, one can have huge profit in terms of USD in alts and at the same time, a huge loss in terms of bitcoin.
So which one is it for you? Especially in trading of course.
To measure to bitcoin something that is not traded relative to the USD. If you are a real cryptoanarchist, then the ultimate goal is to get more of the BTC, multiply it. In the end, bitcoin can be very expensive. Asking this because, one can have huge profit in terms of USD in alts and at the same time, a huge loss in terms of bitcoin.
So which one is it for you? Especially in trading of course.
Measure it with both BTC and USD and compare to see which is more profitable when you make a move. It makes much more sense to consider how much you have cashed in in terms of USD and how much you're profiting/loss in USD
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