Why do people who are long term bullish care about anything else than accumulating satoshis?
SATOSHIS
Sebastian Sanchez
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Carter Murphy
If you only trade BTC, you benchmark against fiat. If you trade alts using BTC, you benchmark them against BTC.
Jackson Turner
Exactly. So why are people so hung up on the day to day dollar price of things like LINK or NANO? Satoshis are all that count.
Cameron Cruz
Most alts have Tether pairs these days, as well as ETH pairs
Liam Miller
Which are still calculated off of btc
Op the reason is because these green newfags have no idea.
“ of i waited a week and managed to buy it for 2 bucks each instead of 4 bucks with my btc because i waited!!”
Yet sat value was
Exactly the same. You made
Fuxk all savings
Jason Torres
True, but at this point alts behave like derivatives of BTC, which is the 2nd reason to use the BTC comparison for alts over the fiat one.
Grayson Jenkins
You're assuming an eternal crypto coupling to BTC as the intercrypto trading currency.
You're assuming wrong.
Kayden Scott
I have this argument with my mates all the time. It depends whether or not you're trading or trying to make fast money.
The former depends on sats and the latter depends on fiat
Angel Stewart
Because I don’t believe bitcoin is the future, blockchain is.
Andrew Adams
As much as I'd like a decoupling to take place, this won't happen in an instant. Lots of new fiat->alt gateways will enter the space this year, but BTC is the only one with some "credibility" (even though it in reality has the least credibility, thinkin about gox etc.)
Mason Miller
this guy gets it
Angel James
The real long term bull trades purely for more alts.
Brayden Murphy
My net worth is 100 percent in alts. Why would I give a fuck about satoshis? I don't hold BTC. If I take profit, the fiat price is all that matters
Brayden Gomez
its the other way around.
alts arent derivatives of btc, but everyone treats them as such
Christian Russell
Because they are perma bulls for BTC, and in the past it never went below the 100 or even 200 day moving average. Calling the top for a swing trade was difficult, and so it's just easier to hold BTC permanently, or doing so indirectly by trading versus it.
We will see if this strategy still holds, as we are currently on the 200d ma.
I personally use this strategy only i a bull market, where BTC dominates, and then exit to fiat when the bear arrives. It is fairly stupid to hold BTC from 19k down to 6k. Of course, perma bulls would argue that you can't call top and bottom, which is true for a buy and hold mindset, but not so much for a trader.
Aiden Young
Looking back at the charts everyone screams that the 20k btc top was easy to spot.
Yet it dipped (over) three times during the bull run. If you sold the top, you were clearly just lucky. Might've sold anywhere else from 8k and up.
John Cooper
OP, it's because they are long term holders (usually early adopters from pre 2011-ish) who are all about muh Satoshis. I mean, those are the whales who have full belief in Bitcoin to the point it could probably be detrimental to them long term, imo.
Like others have said ITT, I believe in Blockchain but I no longer believe Bitcoin will be around 'forever' as I used to. Don't know, just the way core handled the past two years, the way ETH came onto the scene, and other coins, etc, just leaves me with doubt. That is not even mentioning the BCH thing.
So yeah, it's people who are long term bullish on BTC. Some of them go so far as to say all other coins/tokens are worthless... which is funny.
Zachary Rivera
The only people who argue against it are mouthbreathers who have been bleeding sats daily and would have made more money holding btc in the last 3 months
Adrian Bennett
You are right, that wasn't easy to spot at all. Most people saw 10k as the absolut top.
But with a trading mindset you don't try to call top and bottom, you just adjust stops and trailing stops and reenter if it was just a local low that hit you.
The biggest disadvantage here is that you need to have all your assets on the exchanges, and you kinda rely on Tether...
Benjamin Lee
I've been in crypto since 2015 and have NEVER held BTC in my life.
I don't understand why people even care about satoshis at all. ETH is where it's at.
Adrian Cruz
Yeah I suspect in some years we will look back on bitcoin like we look at the gopher protocol nowadays
Joseph Clark
>I don't understand why people even care about satoshis at all. ETH is where it's at.
coinmarketcap.com
Look at the orange graph, I'm pretty sure you can understand why traders care about it.
Nicholas Barnes
Because people are long term bullish on crypto not btc?
Trading in sats is correct assuming btc wil grow forever, if not you end up fucked.
Fag.