plz explain
Why are you supposed to look at crypto prices in BTC and not USD?
Brayden Sullivan
Benjamin Stewart
Because you will feel like an idiot when you make great USD gains on your shitcoin only to switch your Blockfolio balance to BTC and realise you have lost 50%.
Hudson Green
yeah.. you need to convert it back to BTC to cash out, you're right
but then again you don't, my online wallet takes some other big coins like ltc, eth... if you're using Binance for example, how should you know what coin to convert it to once you've made some profit?
Hudson Ortiz
When trading alts it's about increasing your BTC stack size. Pretty fucking simple you autistic fuck
Landon Wright
if you're trading shitcoins and end up with less bitcoins but more fiat, it means u wouldve been more profitable you did absolutely nothing and just hold BTC instead of trading
Brayden Moore
This only applies under the assumption that BTC will keep rising; i.e it doesn't.
There is no point in measuring in bitcoin, it doesn't fucking matter whether btc itself rose more than your alts; you put in fiat, you get fiat back. If you spend a week daytrading proficiently and "only" end up making slightly less than a btc moon you did not lose money. If you spend a week daytrading and end up with as much fiat as before but more btc it means btc went down and your daytrading kept you above water.
There is no reason to measure in bitcoin.
Cooper Ward
Retarded nigger you didn't get it.
If you're trading you need to look at your performance VS BTC to judge when to buy/sell.
For example...
>Shitcoin is worth .15 BTC and BTC is worth 10k USD
>BTC goes to 20k USD and shitcoin goes to .1 BTC meaning it rose in $ value but fell in BTC value.
>retard who trades based on USD sells the coin for BTC thinking he made a profit.
>BTC falls back to 10k and shitcoin rises back to .15
>USD trader goes to buy back his shitcoin and sees that he has less of it than he originally did
>Retard that he is, he does not understand this and thinks he got scammed.
Aaron Wood
You're not supposed to anymore - measure in ETH now.
People who still measure in Sats are kidding themselves.
Samuel Ortiz
ofc like i said you need one of these major non shit-coins to cash out.. btc, ltc, eth, btg, dash, bch.. and they all pretty much follow what btc does
i wonder where Binance Coin comes into this
Kayden Rodriguez
>"retard who trades based on USD sells the coin for BTC thinking he made a profit."
>buy coin for x dollars
>sell coin for more than x dollars
>not a profit :DDD
>"Retard that he is, he does not understand this and thinks he got scammed."
See, this is the way a bitcoin measuring neckbeard thinks because you ignore the fact that your money literally halved when bitcoin dropped to 10k in your example, whereas a USD measuring normie would see the reason he lost money since he was looking at his USD value drop as btc fell. Your example displays why btc measuring is retarded, not the other way around.
Sad thing is you're too stupid to wrap your head around the fact that your example started with a USD measuring mindset, switched to a BTC measuring mindset and then went back to a USD measuring mindset.