Question - is it better to trade Altcoins VS Bitcoin or USD?
I’m just starting to get into trading and it seems that it would be easier to trade against USD since it’s stable while Bitcoin is volatile. If you’re trading against Bitcoin you’d have to consider the behavior of both the Alt Coin and the Bitcoin which might get complicated. Does that make sense?
05-29 02:03 - 'If a stable coin does not have an 1:1 all-cash reserve, do you think this means it fails to keep its value on par with USD?https://medium.com/sophonexchange/stable-currencies-fiat-vs-crypto-a2ab0a50e903?sour...' (i.redd.it) by /u/Gabrielle1111 removed from /r/Bitcoin within 112-122min
Am I doing this math right? Alt coins vs Bitcoin to equal $USD
Tell me if I have this correct. Alt coins are traded for Bitcoin and Ethereum. Dollar prices of alt coins are calculated using the current Dollar price of Bitcoin in most cases, or Ethereum. So as the price of Bitcoin decreases, the dollar worth of most alt coins will decrease. I WOULD ASSUME though, if the price of Bitcoin is dropping, the cost of an alt coin (in Bitcoin), would go up? Bitcoin becoming less powerful means it costs more to by an alt coin. But what I'm seeing today that doesn't seem correct. Many alt coin prices (in bitcoin) are going down or stagnating. Right now I'm watching NEO drop down to $50 when it was $80 a couple days ago, when Bitcoin was still moderately high. It seems like many of these coins don't actually increase or decrease in value at all, because It's completely based on Bitcoin's dollar worth. Am I thinking correctly?
Guys,earlier this week i bought bitcoins with the price of 16,000 BRL and now on brazillian exchanges its valuated on 17,500 BRL,but the price of bitcoin/usd didnt shift this much since the day I bought,how can we explain this big value change in BRL
Tools to Protect and Profit from Bitcoin vs USD Volatility
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