first of all you need to know that when you visit coinmarketcap.com or any other website like it which is not an exchange platform, all the prices that you see there are average prices that are coming to these websites with a delay. for example coinmarketcap.com updates its prices every 5 minutes.
so if you want to trade something go to an exchange and look at the prices there.
as for which to look at, it depends on what you are trading with! for example imagine you live in China, you don't need to check the USD price, you check the CNY price. so in case of altcoins if you are really trading them with USD then check that price but if you are trading them with BTC which is the common case then there is no need to even know their USD value!
Topic: What price to look at when trading - page 2. (Read 184 times)
Hey guys
Just a little newbie question
I´ve noticed on coinmarketcap.com that sometimes the BTC is lower than the Dollar (USD). It doesn´t always follow that price.
I´ve bought some coins for X amount for BTC´s ... but when I want to sell that coin, the BTC value is actually lower than when I bought the coin for BUT the USD has price has grown.
So what do you guys look at when trading ?? The USD or the BTC
Thank you
Just a little newbie question
I´ve noticed on coinmarketcap.com that sometimes the BTC is lower than the Dollar (USD). It doesn´t always follow that price.
I´ve bought some coins for X amount for BTC´s ... but when I want to sell that coin, the BTC value is actually lower than when I bought the coin for BUT the USD has price has grown.
So what do you guys look at when trading ?? The USD or the BTC
Thank you
For me and what i know we must look at the USD because the original money between the USD and tha BTC is the USD you but BTC by the help of USD like the bitcoin is the toy. So, back to the main topic first I am confuse here but I will try to help you and guessing the real questions that you want to know. I am confuse here because you bought a BTC like for example 1 bitcoin and it turned to 0.199999 btc but the value of USD has grown for it would be looking at the price value that is USD.
Still even I answer this I am still confuse so I would make things short Tthat I think could be a big help BUY
BTC WHEN THE VALUE IS LOW and WHEN THE VALUE IS HIGH SELL it do not at the bitcoin instead you must look at value USD because when your BCT is low its because you bought something by USD.
If you are thinking of btc getting low when market value (USD) is low btc price will not move unless you Bought something value will decrease the BTC will be deducted of course.
So what do you guys look at when trading ?? The USD or the BTC
You can use either, and so do most people. BTC's price fluctuates a lot just like the price of pretty much all coins(except USDT), so expect your trade profits to be fluctuating a lot too. And yes, sometimes you can buy a coin/token for cheaper if you use USD instead of BTC, and vice versa.
Need any more clarifications? I couldn't quite understand much what you're trying to say so hopefully I've answered your question correctly.
Hey guys
Just a little newbie question
I´ve noticed on coinmarketcap.com that sometimes the BTC is lower than the Dollar (USD). It doesn´t always follow that price.
I´ve bought some coins for X amount for BTC´s ... but when I want to sell that coin, the BTC value is actually lower than when I bought the coin for BUT the USD has price has grown.
So what do you guys look at when trading ?? The USD or the BTC
Thank you
Just a little newbie question
I´ve noticed on coinmarketcap.com that sometimes the BTC is lower than the Dollar (USD). It doesn´t always follow that price.
I´ve bought some coins for X amount for BTC´s ... but when I want to sell that coin, the BTC value is actually lower than when I bought the coin for BUT the USD has price has grown.
So what do you guys look at when trading ?? The USD or the BTC
Thank you
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