Apologies for my naivety on this subject but I really am struggling !!!!
More and more I want to buy coins with lower market caps that you can find on exchanges such as Cryptopia . Kucoin etc etc - I understand how to get the money onto the exchanges BUT what I am struggling with is VERY few of the alt coins are paired against USD - so you have to trade paired with ETH or most commonly BTC - what does this actually mean ??
Say I " Buy " the coin paired with BTC does that mean that if my coin goes UP in value but BTC goes up by more then I lose out ?? If my coin goes up but BTC goes down - does that mean I earn more money
Apologies but as BTC is just SO volatile surely you can have a situation where your coin does well but you still lose money
Any help anyone could give me really would be greatly appreciated !!!
Many thanks indeed.