Topic: Do alt coin holders lose money when Bitcoin's price rises? (Read 287 times)
(1) Does that mean that alt coin holders are losing money, or are the lower alt coin prices a mere adjustment in relation to the new price of Bitcoin?
Yes of course, coin holders are losing up money when altcoin price do tend to dump or decrease.Its a normal stuff.
(2) How do you determine if you are in the green or red? Do you look at the $ value of your alt coin, OR what it's worth in BTC?
When i set out my investment i do always look up for BTC conversions i dont really look on USD thing.
When the price of Bitcoin rises, most of the alt coin markets plummet.
(1) Does that mean that alt coin holders are losing money, or are the lower alt coin prices a mere adjustment in relation to the new price of Bitcoin?
(2) How do you determine if you are in the green or red? Do you look at the $ value of your alt coin, OR what it's worth in BTC?
1 altcoins are losing their money caused by the price increase of the bitcoin. that made the price of the altcoin against the bitcoin will be plunged. Or i can say about the possibility of the adjustment into the bitcoin's price rather than crash. (1) Does that mean that alt coin holders are losing money, or are the lower alt coin prices a mere adjustment in relation to the new price of Bitcoin?
(2) How do you determine if you are in the green or red? Do you look at the $ value of your alt coin, OR what it's worth in BTC?
2 You can try to take a screenshot or just try to make a note about the data at you are buying your altcoin. You will get the bitcoin rate and the dollar rate. Sometimes you are not losing in the USD value but you were losing on the bitcoin value, and that can still be considered as a loss too.
You can notice a similar movement of prices in the ratio of gold/usd. Bitcoin is more similar to a commodity just like gold is, while ETH for example is a more financially abiding-currency.
it is very simple to find out the answer to this!
just take a look at prices of each altcoin in BTC and USD. you can see they are going down in both markets. mostly in BTC and less in USD but it happens in both. that means YES they are losing money.
you can also look at it differently.
lets say an altcoin is worth $300 and that is 0.05BTC while bitcoin is 6000.
bitcoin price goes up to $7000 that means that altcoin drops to $290 and that is ~0.0414BTC
this means if you had $300 in that altcoin, not only you lost $10 because of its drop but also you lost 0.086BTC which is $60.2 with $7000
in other words sell your altcoins to bitcoin before the bitcoin rise begins, that way you do two things: 1) prevent your investment from when that altcoin tanks 2) profit when bitcoin price rises.
just take a look at prices of each altcoin in BTC and USD. you can see they are going down in both markets. mostly in BTC and less in USD but it happens in both. that means YES they are losing money.
you can also look at it differently.
lets say an altcoin is worth $300 and that is 0.05BTC while bitcoin is 6000.
bitcoin price goes up to $7000 that means that altcoin drops to $290 and that is ~0.0414BTC
this means if you had $300 in that altcoin, not only you lost $10 because of its drop but also you lost 0.086BTC which is $60.2 with $7000
in other words sell your altcoins to bitcoin before the bitcoin rise begins, that way you do two things: 1) prevent your investment from when that altcoin tanks 2) profit when bitcoin price rises.
When BTC is in bull market most of the altcoins are dropping very hard in terms of BTC value but in long term, I think, altcoins will outperform BTC. It is just cycles of bull and bear market but it is much better to keep BTC going up because it means that value of altcoins in $ will go up as well.
When the price of Bitcoin rises, most of the alt coin markets plummet.
This is a common idea in the market. I do no know how far it is true or is it just a fake conspiracy theory. For me I believe in bitcoin and some altcoins not all. So that does not mean that bitcoin rise will make altcoins fall - if you think that people sell altcoins to buy bitcoin - it seems bullshit to me. But thats just my opinion.Quote
(1) Does that mean that alt coin holders are losing money, or are the lower alt coin prices a mere adjustment in relation to the new price of Bitcoin?
Numerically yes the altcoin prices being lowered, if they sell at that price they will lose money considering they bought the altcoin at a higher price than that. But simple holding the coin does not mean you are losing anything. Its just like holding a penny in your pocket which has lost its monetary value.Quote
(2) How do you determine if you are in the green or red? Do you look at the $ value of your alt coin, OR what it's worth in BTC?
Both are useful to determine that. On the major exchanges, you can listings in USD and BTC and also ETH. But for the sake of crypto we are mainly associated with BTC and ETH price.However a coin being red or green is not something to be worried about. It is the future of the coin that need to be thought before you invest anything in it.
it is very simple to find out the answer to this!
just take a look at prices of each altcoin in BTC and USD. you can see they are going down in both markets. mostly in BTC and less in USD but it happens in both. that means YES they are losing money.
you can also look at it differently.
lets say an altcoin is worth $300 and that is 0.05BTC while bitcoin is 6000.
bitcoin price goes up to $7000 that means that altcoin drops to $290 and that is ~0.0414BTC
this means if you had $300 in that altcoin, not only you lost $10 because of its drop but also you lost 0.086BTC which is $60.2 with $7000
in other words sell your altcoins to bitcoin before the bitcoin rise begins, that way you do two things: 1) prevent your investment from when that altcoin tanks 2) profit when bitcoin price rises.
just take a look at prices of each altcoin in BTC and USD. you can see they are going down in both markets. mostly in BTC and less in USD but it happens in both. that means YES they are losing money.
you can also look at it differently.
lets say an altcoin is worth $300 and that is 0.05BTC while bitcoin is 6000.
bitcoin price goes up to $7000 that means that altcoin drops to $290 and that is ~0.0414BTC
this means if you had $300 in that altcoin, not only you lost $10 because of its drop but also you lost 0.086BTC which is $60.2 with $7000
in other words sell your altcoins to bitcoin before the bitcoin rise begins, that way you do two things: 1) prevent your investment from when that altcoin tanks 2) profit when bitcoin price rises.
When the price of Bitcoin rises, most of the alt coin markets plummet.
(1) Does that mean that alt coin holders are losing money, or are the lower alt coin prices a mere adjustment in relation to the new price of Bitcoin?
(2) How do you determine if you are in the green or red? Do you look at the $ value of your alt coin, OR what it's worth in BTC?
(1) Does that mean that alt coin holders are losing money, or are the lower alt coin prices a mere adjustment in relation to the new price of Bitcoin?
(2) How do you determine if you are in the green or red? Do you look at the $ value of your alt coin, OR what it's worth in BTC?
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