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/biz/ - Business & Finance

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13770721 No.13770721 [Reply] [Original]

Measuring the value of crypto currency by its relative value to BTC "sats" is fucking autistic

>> No.13770731

True

>> No.13770852

lol, that was me in 2017 when i was only trading btc pairs.

>> No.13770871

>>13770721
>>13770731
>t. newfags
its all about btc you tards. its the end game.

>> No.13770902

>>13770721
OP is a fucking faggot who thinks the dollar isn't a Hyper inflationary tool used by cartels.

>> No.13770909

I measure in LINKs

>> No.13770988

>>13770721
It's a psychological trick invented by BTC maximalists to make altcoiners think their coins are "losing in value". Why do alts have to gain value in sats while BTC gains value in USD? That means alts have to gain more USD than BTC. That makes no sense.

In reality, there's no reason for alts to move in lockstep with BTC and only USD gains matter. If your coin doesn't lose in USD value, then you haven't lost any money.

>> No.13771003
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13771003

>>13770988
holy kek. kys

>> No.13771010

>>13770721
Measuring on gwei is king

>> No.13771050

BTC is a complete shitcoin whos only use case is being a trading pair. That time will come to a close though as crypto matures and Bitcoin is actually adopted and used for things besides trading shitcoins. By Bitcoin I mean SV of course.

>> No.13771452

>>13770721

What did you use to buy your alts? It probably wasn't USD

>> No.13771669

>>13770721
>Measuring the value of crypto currency by its relative value to USD is fucking autistic

>Measuring the value of money by its relative value to USD is fucking autistic

>> No.13771686

>>13771050
fucking sv keks shitting up every thread

>> No.13771694

>>13770721
it's what you have to do if your coin has no fiat pair on exchanges - end of story

>> No.13771792

>>13770988
>He’s a trader
>Measures gain in sats
>He’s a fundamental retard

Pick two

>> No.13772653

>>13770721
there are 2 ways to think about this
1. when you bought an altcoin, you exchanged USD for BTC (most likely) and then you exchanged that BTC for that alt. If your alt dropped in sats, it means that your "work" was for nothing cause it would have been better to just hold BTC. The more you move from one shitcoin to another and continue losing sats, the more retarded your actions seem to become. You realize this on large time frames.
>why have I done all these trades in these past years when I just could have held BTC
2. the second reasons is because of bitcoin maximalists. They believe BTC is the only thing that matters because it's the oldest, most secure, deflationary crypto currency in the world. The endgame is to accumulate as much BTC as possible and the mechanism for doing that is by trading altcoins that increase in sats value and then buying more BTC. If you don't believe BTC is a big deal, this point doesn't concern you. Point no. 1 still stands though.

>> No.13772663

>>13770721
I measure my stock market portfolio by how many AAPL shares they are worth.

>> No.13772672

>>13772653
based

pretty much this

>> No.13772760

>>13772653
The most intelligent comment on this thread.

>> No.13772792

GENIE SACRIFICES HIMSELF TO DEFEAT JAFAR
GENIE SACRIFICES HIMSELF TO DEFEAT JAFAR
GENIE SACRIFICES HIMSELF TO DEFEAT JAFAR

>> No.13772798

>>13770988
here is the redpill
in bear market you care about usd value
in bull market you care about sat value