Topic: USD or BTC as reference? (Read 477 times)
Screw any FIAT - its going to be a dying commodity in the future. For now BTC, although another altcoin may become the benchmark.
I guess it depend on your investment objective. For me, my objective in trading is to grow my BTC, therefore I keep track of prices and profits based on BTC.
You have to remember that today when you check the price of a bitcoin you have it in dollars, when you make some percentage in btc again you calculate what you can buy buut in the dollars.
the answer to this question depends on whether the investment is short or long term. in the short term if you have an investment plan I would definitely recommend you to make calculations in dollars.if you are considering investing in the long term I would recommend you to consider it as a bitcoin. In the short term you could probably lose btc on your account . After fork , the bitcoin will probably be pulled back a bit on a price basis.
Yes, I think the last purpose of investors is USD. Bitcoin will not replace money. Investors wanna get profit through bitcoin. Bitcoin is just an investment tool to get USD. 
I mostly trade and think in BTC prices. Many coins you can only buy with BTC.
So why calculate your trade in USD when the entry currency was BTC? I want to see if I have lost BTC or gained some Corn.
Yes, thinking BTC also helps to keep emotionally flat. It is easier for me to invest 1 BTC than investing 6k USD. So I can try to keep emotions out of my trades. So why calculate your trade in USD when the entry currency was BTC? I want to see if I have lost BTC or gained some Corn.
I mostly trade and think in BTC prices. Many coins you can only buy with BTC.
So why calculate your trade in USD when the entry currency was BTC? I want to see if I have lost BTC or gained some Corn.
So why calculate your trade in USD when the entry currency was BTC? I want to see if I have lost BTC or gained some Corn.
Hey guys, what is more important for you when trading?
Is you goal to have the more BTC possible or the more in USD value?
For me USD still remain the real reference, i say this because of everybody saying that alts are bleeding etc, but this is when compared to the value of BTC.
Some alts are red in BTC but didn't lose value in USD (or even gained)
Is you goal to have the more BTC possible or the more in USD value?
For me USD still remain the real reference, i say this because of everybody saying that alts are bleeding etc, but this is when compared to the value of BTC.
Some alts are red in BTC but didn't lose value in USD (or even gained)
Then that means what you should really be holding is Bitcoin as it will give you the biggest USD gains than holding any altcoin.
And I personally always base the value in BTC. It's really the only coin to have right now. But in the future, Monero will become the second 'should have' coin.
The most important currency is dollar because not all internet shops have possibility paying bitcoins at this moment
Both.
I am holding my BTC & it is growing in USD.
I am having altcoins too,
They are falling both in USD & BTC Value.
I am waiting best time to have cheap altcoins even for BTC or USD.
It is better to use both to really know where it is.
I am holding my BTC & it is growing in USD.
I am having altcoins too,
They are falling both in USD & BTC Value.
I am waiting best time to have cheap altcoins even for BTC or USD.
It is better to use both to really know where it is.
Good answer, smart thinking
Thanks for you answers everyone.
Now my question is : when you don't invest into an alt or when you sell it, do you keep your money in BTC or in USDT ?
Only in btc, that's my opinion Now my question is : when you don't invest into an alt or when you sell it, do you keep your money in BTC or in USDT ?
it's all depend on the trader themself,
to be honest for me the best way to value it is by using Bitcoin,
because in a long run,Bitcoin price will be increasing unlike USD.
but for short term,i prefer to use USD because we can evaluate our profits and loses directly.
in the end it's depend on the trader themself
Of course the most important factor is the trader. The time to buy - sell, choose to buy coin, ... is extremely important.to be honest for me the best way to value it is by using Bitcoin,
because in a long run,Bitcoin price will be increasing unlike USD.
but for short term,i prefer to use USD because we can evaluate our profits and loses directly.
in the end it's depend on the trader themself
However, trade between Alts / USD directly assesses the profit or loss of investors. Alts / BTC are too volatile but poor or rich fast.
when i was trading I used always prefer a relatively
fixed reference point. at that time Bitcoin was fluctuating
a lot which made it difficult to know if I was making gains
or not.
In this current market climate the price of bitcoin is very high
so the performance of other coins compared to Bitcoin is
misleading.
fixed reference point. at that time Bitcoin was fluctuating
a lot which made it difficult to know if I was making gains
or not.
In this current market climate the price of bitcoin is very high
so the performance of other coins compared to Bitcoin is
misleading.
I do not care about the amount of bitcoin, people say it matters because bitcoin is valuable now but if bitcoin is $1 neither of them can claim that the amount of bitcoin matters!! always usd matters, you will exit with usd.
Hey guys, what is more important for you when trading?
Is you goal to have the more BTC possible or the more in USD value?
For me USD still remain the real reference, i say this because of everybody saying that alts are bleeding etc, but this is when compared to the value of BTC.
Some alts are red in BTC but didn't lose value in USD (or even gained)
I take in consideration both for chart analysis etc, but my goal is to have as much USD possible.
What about you? thanks.
Is you goal to have the more BTC possible or the more in USD value?
For me USD still remain the real reference, i say this because of everybody saying that alts are bleeding etc, but this is when compared to the value of BTC.
Some alts are red in BTC but didn't lose value in USD (or even gained)
I take in consideration both for chart analysis etc, but my goal is to have as much USD possible.
What about you? thanks.
Usually for simplicity's sake, i just keep things in bitcoin. if you are investing in altcoins then you are probably a very keen bitcoiner as well. If you keep all your portfolio value tracking in USD terms you're just never going to get the actual growth of the coin or whatnot, and you'll have to end up converting that yourself to btc terms anyways.
It's entirely up to you, though. There are no guidelines or rules.
But altcoins are traded against BTC, so doesn't really make sense to use USD.
Thanks for you answers everyone.
Now my question is : when you don't invest into an alt or when you sell it, do you keep your money in BTC or in USDT ?
Now my question is : when you don't invest into an alt or when you sell it, do you keep your money in BTC or in USDT ?
Both.
I am holding my BTC & it is growing in USD.
I am having altcoins too,
They are falling both in USD & BTC Value.
I am waiting best time to have cheap altcoins even for BTC or USD.
It is better to use both to really know where it is.
I am holding my BTC & it is growing in USD.
I am having altcoins too,
They are falling both in USD & BTC Value.
I am waiting best time to have cheap altcoins even for BTC or USD.
It is better to use both to really know where it is.
Hey guys, what is more important for you when trading?
Is you goal to have the more BTC possible or the more in USD value?
For me USD still remain the real reference, i say this because of everybody saying that alts are bleeding etc, but this is when compared to the value of BTC.
Some alts are red in BTC but didn't lose value in USD (or even gained)
I take in consideration both for chart analysis etc, but my goal is to have as much USD possible.
What about you? thanks.
Of course, everyone wants their dollars to increase. However, at present, I expect the number of BTC increases because BTC is a long-term investment; It is not as stable as USD but profitable when investing. It has more futures than USD.Is you goal to have the more BTC possible or the more in USD value?
For me USD still remain the real reference, i say this because of everybody saying that alts are bleeding etc, but this is when compared to the value of BTC.
Some alts are red in BTC but didn't lose value in USD (or even gained)
I take in consideration both for chart analysis etc, but my goal is to have as much USD possible.
What about you? thanks.
This is a good time to buy altcoins. Buy altcoin when altcoin / BTC is dump as you say.
it's all depend on the trader themself,
to be honest for me the best way to value it is by using Bitcoin,
because in a long run,Bitcoin price will be increasing unlike USD.
but for short term,i prefer to use USD because we can evaluate our profits and loses directly.
in the end it's depend on the trader themself
to be honest for me the best way to value it is by using Bitcoin,
because in a long run,Bitcoin price will be increasing unlike USD.
but for short term,i prefer to use USD because we can evaluate our profits and loses directly.
in the end it's depend on the trader themself
Interesting, i was considering the opposite, switching to BTC for the short term and maintain USD for the long one.
BTC price will increase, yes until it stops and decrease or even crash.
Because it can't be a "forever" rise, and for now i don't think any crypto can sustain the same value for a long period.
My vision is BTC can be replaced fast while USD is still here for a long time.
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