Why do we have to look at Satoshi chart?

sockpuppet1911

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Quote from: yamasis on January 14, 2020, 12:03:00 AM

I have been hearing alot that many analysts recommend looking at Satoshi chart vs Alt.

Why is it that?

And why do people talk about using exchanges like Binance, Coinbase, Huobi, Bispex?

People chart against btc because the ultimate goal in alts trading is to gather more in wealth in btc. There was a joke on the last bull run where people said "i am up in usd" because they would have so much more money if they were just up in btc.

And no-one talks about Bispex, but i guess this post was just for injecting that advertisement in here. I won't look at it just because i loathe this kind of "sneaky" product placement.

Teraboy

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Quote from: yamasis on January 14, 2020, 12:03:00 AM

I have been hearing alot that many analysts recommend looking at Satoshi chart vs Alt.

Why is it that?

And why do people talk about using exchanges like Binance, Coinbase, Huobi, Bispex?

I believe if you meant about bitcoin pair. It caused by the chart of bitcoin is much more important compared with another pair. Remember another pair just follow what already determine by the satoshi (bitcoin) pair vs alts. But there is something different right now with the existence of stable coin chart.
I think you should remove bispex as it has a small liquidity and people do talk about those exchange sites caused by liquidity and reputation.

jossiel

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I have no idea about that chart vs alt. Could you elaborate more of it or at least give us an idea what it looks like?

Quote from: yamasis on January 14, 2020, 12:03:00 AM

And why do people talk about using exchanges like Binance, Coinbase, Huobi, Bispex?

Bispex? I think only those thread starters like you are the ones that are making it look like we are talking about this exchange. I've just known it lately when an Op posted about it but in overall, I have no idea also what this exchange was before.

GideonGono

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Quote from: bitcampaign on January 14, 2020, 02:44:32 AM

I just heard satoshi charts, do you mean the bitcoin charts for all altcoin price movements, if YES is clearly correct because bitcoin dominates the entire crypto market, if the Binance, Coinbase and Huobi exchanges are large exchanges with high trading volume, I don't know yet Bispex seems like you slipped one of them which is not worthy of juxtaposed with the three big exchanges

If you compare it to some altcoins also, the price of bitcoin getting increase until 2017 unlike most altcoins that doesn't rise after it dump. Looking for bitcoin charts can encourage you to invest in bitcoin for earning profit in longer time.

slaman29

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No idea what you mean by Satoshi chart vs alts. Almost all alt charts are against bitcoin anyway, except for a few big ones that could have other markets.

People actually talk about Binance and Coinbase a lot because the first is the most popular globally and the second is one of the few US people can use to buy/sell bitcoin.

Bispex? Never heard of it.

bitcampaign

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I just heard satoshi charts, do you mean the bitcoin charts for all altcoin price movements, if YES is clearly correct because bitcoin dominates the entire crypto market, if the Binance, Coinbase and Huobi exchanges are large exchanges with high trading volume, I don't know yet Bispex seems like you slipped one of them which is not worthy of juxtaposed with the three big exchanges

joinfree

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Bitcoin Chart is one thing i would not encourage a newbie like you to read because you are definitely not going to understand anything in there. Or might end up misinterpreting and predicting wrong candles. Leave it to the experienced crypto analysts to do it but don't execute your trades based on their findings alone. Do your own research with every trade signal they give.

drlukacs

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Quote from: yamasis on January 14, 2020, 12:03:00 AM

I have been hearing alot that many analysts recommend looking at Satoshi chart vs Alt.

Why is it that?

And why do people talk about using exchanges like Binance, Coinbase, Huobi, Bispex?

actually their purpose is to trade alts to increase the amount of bitcoins in their account and they are not very important USD. because they know that the upcoming halving event will cause the value of bitcoin to increase, so it is reasonable to see the BTC vs Alt chart. Another factor is that many people have the same opinion so the trading volume will be high and the indicators will become more correct.
People often talk about using Binance and Coinbase because it's reputable exchanges and they have a lot of information about coins. such as details about alts and some good trading functions such as Stop - limit, OCO in Binance. Coinbase has large and secure transaction volumes.

Dickiy

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we take the positive that when we look at the satosi vs alt chart we can make a conclusion that is not only an analysis but as a reference and recommendation on the exchange binance, coinbase, huobi because it is a large market that is well known and good for trading

watergold

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Bispex is an exchange that people do not know before many people ask about Bispex compared to other popular exchanges.

Satoshi graph analysis compared to altcoin is very difficult because the difference in the altcoin market has a history of great descent so it makes no sense compared to bitcoin.

avikz

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Quote from: yamasis on January 14, 2020, 12:03:00 AM

I have been hearing alot that many analysts recommend looking at Satoshi chart vs Alt.

Why is it that?

And why do people talk about using exchanges like Binance, Coinbase, Huobi, Bispex?

I am really now sure what satoshi chart you are talking about! Probably analysts have recommended looking at bitcoin pricing chart and compare it with alts. But that doesn't make sense! Can you share a link from where you get such recommendations?

Secondly, people talking about Binance, Coinbase or Huobi makes sense, because they are some of the best crypto exchanges in the market. But Bispex?? Doesn't make sense!

Bttzed03

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Quote from: yamasis on January 14, 2020, 12:03:00 AM

I have been hearing alot that many analysts recommend looking at Satoshi chart vs Alt.

Why is it that?

And why do people talk about using exchanges like Binance, Coinbase, Huobi, Bispex?

I never heard of this Bispex but the other three are top exchanges which makes people talk about them.

I hope you are referring to Bitcoin (BTC) chart when you said "Satoshi chart". The analysts you said probably recommends looking at bitcoin/alts because top alts in top exchanges are paired with btc in the first place.

yamasis

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I have been hearing alot that many analysts recommend looking at Satoshi chart vs Alt.

Why is it that?

And why do people talk about using exchanges like Binance, Coinbase, Huobi, Bispex?

Topic: Why do we have to look at Satoshi chart? (Read 150 times)