Trading Alt Coins Hypothetical

Hypothetical, since everything revolves around Bitcoin:

The only real purpose of trading altcoins is to increase you overall holding of Bitcoins. So, in other words, you really only care about the altcoin price in relationship to the bitcoin price.

For example, you buy altcoins at $4 for a total of .5 bitcoin and it drops, most assume wait until it raises back over $4. However, that drop tends to follow the drop in bitcoin. So one watches and waits for the relationship between the altcoin and bitcoin to result in a sell yielding >.5 bitcoin and completely disregards the $4 price point.

Makes sense?

No reply because this thread is not referencing kikes, chinks, or niggers?

why would you even trouble yourself with shitcoin/usd value?

I've publicly confirmed I am a dumbass, thank you for your assistance

Took me a week after entry to figure this out son, I may be slow, but I am moving forward.

You are smart. Most alts are worth anything because they are being used to acquire more btc. There are some really promising alts out there but they are usually not hyped, and are few and far between,

>Until you can directly buy or sell alts with USD, everything will revolve around BTC. It's a classic middleman problem and whoever solves it will be very successful.

Bancor

why CANT we simply buy and sell alts with fiat? what is preventing that from happening?

I'm not sure. If one of the big exchanges let people trade alts with fiat, they would make an insane amount of money.

You're not a dumbass, but you're short-sighted. It's true that clones of BTC (e.g. LTC) are traded to acquire more BTC, but brand new technologies which do something BTC can't are a different ecosystem than BTC, even if they're tethered in price.

This is why Ethereum has gained popularity; For all its flaws, it is experimenting with something Bitcoin refuses to do and it has real potential to evolve the concept of the blockchain where Bitcoin has stagnated. BTC pioneers are forcing the protocol to evolve to keep up, but it's lagging behind due to its decentralized nature and political issues sourced with miner centralization.

this is an interesting topic for discussion - i wish some of our more knowledgeable /bizraelis would join the discussion...

lol no. Bancor is just a jewish scam.

You just hope it is. But Bancor will be a dominating force once the UI is refined and cryptos become more mainstream. Why else do you think Jewish folklore came up with the idea right now?

Because you would have to believe in fairytales to fall for it.

Checkmate goyim

Yeah nah

It's okay boys. I'll remember this thread. You guys need to not be so short sighted. Shows your immaturity.

I was just to ask if new

Hold on, OP.

Im new to this whole trading and crypto currency thing. These other guys may not appreciate you speaking your mind, but this is the first thing that anyone's said that has made sense in the past few days I've been lurking.

And few other posts in here too. I came here to learn and research what the hell is happening. Stuff like this helps enlighten me.

I came to the same conclusion a week ago.
Also don't fall for buy high sell low meme

There is probably additional regulation for the exchanges which allow trading in fiat, it's also a lot more work - your typical shitcoin exchange has to run a bunch of wallets, but something like coinbase has to deal with actual banks and credit card companies.