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/biz/ - Business & Finance

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3545799 No.3545799[DELETED]  [Reply] [Original]

Need a sanity check. I figured the objective of trading in and out of alt-coins was just a means to amass more bitcoins. Most alt-coins fail anyway, but BTC will be around for years.

If that's the case, then why do people worry about the fiat value of their alt-coins? Why does anyone talk about "getting into NEO at $18"? It's all relative to BTC. If the value of your shitcoin goes from $8 to $10 but went down in satoshis (or ether value) then you made a bad trade... regardless if the value of the portfolio increased.

It's sort of akin to trading index funds vs. individual stocks.

Am I retarded? Have I been looking at this all wrong? What do you people know that I don't?

>> No.3545817

>>3545799
nah, you are actually ahead of the game - the reason why cucks talk about USD price is exactly because they are unedacted sheeple newcoiners that think total amount of coins is important and not marketcap

>> No.3545825

>>3545799
You are right, it's just easier to announce dollar price sometimes to describe bigger moves/profits. Essentially it does come down to btc value

>> No.3545829

This is the first step to getting it

>> No.3545830

No you're completely correct. Talking about altcoins in anything other than the price you purchase them for (fiat for bitcoin, eth, and some of the bigger altcoins like ripple, monero) is retarded, but lo and behold /biz/raelis do it all the time.

>> No.3545835

part of it is because they're new, but we're also seeing a shift to web 3.0 where the market will start to decouple from btc. the entire market will stop crashing every time the moment btc goes down a few percentages

>> No.3545842

This is exactly why I don’t get the hodl meme. why not try and acquire more btc/satoshis?

>> No.3545844

>>3545799
Also fucking delete this thread you're educating my prey.

>> No.3545851
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3545851

>>3545799
now you're getting it

>> No.3545855

Im sure a lot of people view Bitcoin as a big fat turd with shitty devs whose only leg-up is that it was first to enter the space. Usually in other industries, these entities get slaughtered eventually. When will that be for Bitcoin?

>> No.3545863

>>3545799
You're not retarded. You just realized that fiat > Bitcoin is all.

>> No.3545891

>>3545855
those people are stupid and and understand bitcoin only superficially.

>muh DGB has fast transactions
>muh monero is private
>muh ETH has smartkontraktz

Bitcoin is the KING for the people who truly understand blockchain and code and will be for many years to come.

>> No.3545899

>>3545817
>>3545825
>>3545829
>>3545830
>>3545835
>>3545842
>>3545844
>>3545851

thanks bros - brb deleting thread

>> No.3545906

>>3545799
>If that's the case, then why do people worry about the fiat value of their alt-coins?
Because they are dumb vapid nigger who wont figure it out until its too late.