/biz/ - Business & Finance

>He measures his new tech with old (and dying) tech.

>>5083830
95% of this new and amazing techs are quick cash grabs that will never deliver. keep marrying your shitcoins idiot

>>5083810
Measuring in tulips
LOOOOL

>>5083844
>He thinks bitcoin can gain adoptance without coins like ethereum and Link to make it useful.

Have fun putting all your eggs in one basket newfag.

If you measure in USD you are lying to yourself. Apple is the benchmark. Ever since I started in 2000 everybody measured in apple stocks, its you newcomers who dont quite get it - the goal of even touching shitstocks is to stack Apple thats what will land you in lamboland. christs sake open a Apple chart and fiat chart in different tabs and see for yourself

>>5083863
>>5083885
>tfw when a /biz/tard calls you a newfag and you already made it thanks to being early and having +10000% ROI on everything

>>5083912
>i'm a core cuck.

I measure in the only thing that will matter in the next 5 years: GWEI

>>5083902

>>5083902
It doesn't make it false.

if you watch anything with usd pairings for more than a few days you realize that it's actually local fiat that matters, people having the most fun with this market don't give a fuck at the end of the day about BTC
it's about BTC being the shitty gateway into everything else
the moment BTC stops being the gateway crypto is the moment is really starts to die, if that hasn't already happened

The only thing the IRS cares about is USD.

>>5083918
dont mix politics, philosophy or ideologies with alpha

>>5083902
I’m currently sitting at 325 AAPL.

Well no, I mean, like I don’t actually have any AAPL shares. But if I sold all my crypto I’d have AAPL shares. So it’s a nice thing to think about when measuring their worth. I sure know I’ve messed up my investment if I end up with less if all traded in for AAPL!

AAPL is a tremendous store of value. I mean, it’s more likely that Apple will be around in fifteen years than Bitcoin. It makes the most amount of sense to accumulate AAPL.

>>5083810
>If you measure in USD you are lying to yourself. BTC is the benchmark.
No it is not.
As long as BTC is fluctuating wildly, has zero real world uses and an uncertain future, it does not have any place to be used as the basis of measurement for anything.

>>5083937
when will it stop huh? probably 1 year into the future, until then if you can trade or hold another coin that beats the Bitcoin market, well and good. If you cant just park your investment into BTC

>>5083810
Thanks OP, finally something useful to come out of /biz/

>>5083970
okay friendo whatever you say. But the fat green percentages on my spreadsheets dont lie. I know its unintuitive but can you pause and think about it for a second?

It's not only for the gains, it's also for being able to sleep at night. Can't do that with badtech Myspace-Bitcoin but I can with Google-Ethereum and Paypal-OMG.

>>5083989
just sickened sometimes by the amount information in my favourite anonymous Cambodian goat milking subforum

if you bought for usd and gonna sell for usd there is no reason to care about bitchcoin and it's insane fees.
t.bought xmr and eth for usd

>>5083918
>I am a shipload of salt

>>5083998
Yes, I can pause. In fact, I already did multiple times, whenever one of you folks crawls out of the woodworks.
And I simply do not agree.
What is value?
Something that is universally seen as valuable and that you can exchange for other things and with which you will be able to do so in the future, should the need occur. So Dollars have value. Euros have. Gold has. Even a car has value.
And yeah, a BTC is worth like 18,0000$ or something right now, but if you wan't to use that BTC you have to convert it to fiat, so why bother with it at all?
And yeah, you might use the pump of the day, to acquire more BTC, but what's the use when suddenly the 3 BTC you acquired are only worth 10,000 in total?
BTC currently is only about hoping to time the top, and for nothing else.
Which is a shame, btw.

>>5084047
Yeah, its pretty obvious that BTC is seeing its final days. It may take a week, it may take a few years, but it has proven that in its current state its less than what it originally promised to be. Anyone who actually tries to transact with it has realized this and moved on.

Just think, all those normies getting excited about the 10 dollars of free bitcoin you get if you use a referral link, and none of them will even be able to move it because fees cost more than they are buying.

you must be the newfag. When I cash out I dont even use btc. I mean for fucks sake if I have BTC i want in USD i change it to Etheurum first. I use sats to compare value to BTC like I do to eth or other currencies. I dont want to buy a bag of weed. I want real money. If my assets appreciate Im happy. I dont see you measuring everything in XPR and saying actually BTC went down today.

>>5083970
you just described the entire crypto market of which btc has the majority market cap.
so yes its useful

>>5084047
everything is correlated to BTC, if BTC were to be taken out be rest assured most of the others are also going down with it
https://www.sifrdata.com/cryptocurrency-correlation-matrix/
>>5084078
trading is done offchain, the case for fees is not in question

>>5084089

Yeah, that's why it doesn't dip anymore? Jajaj

>>5084121
Coinbase is offloading their bags faster so they can switch to a different platform right now.

>>5084098

Hi newfag, you will see in 3 months. A lot of us thinked that way, but in the end I quitted winning around 60k

If your shitcoin maintains his usd value and btc moons, you are losing money

>inb4 opp cost

>>5084149

Yeah, they are dumping so that caused the new ath??? I'm gonna love seeing all of you newfags lose everything

>>5084102
i wonder if it would be nearly as volatile with more fiat gateways into every pairing and higher volume and real establishment of the market
nah those are never gonna happen

>>5084085
by holding another coin and if btc rallys you would have destroyed value...
>>5084098
i said BTC is a benchmark. Im not arguing for its ultilty here. My argument still appllies in your case If you want real money buy BTC in a fiat exchange leave it for a few months, cash out your principal and go on about your life with your passive income.

just had a friend ask me yesterday why he was gaining in fiat but losing BTC and I had to explain this to him. After a few weeks youll notice the same and come to the realisation on your own
>>5084151
thank you

>>5083810
This is some of the worst English I have attempted to read. Holy fuck man. You write like a mentally ill psychotic.

>>5084179
you can see for yourself.
top 10 coins often have multiple pairings in btc/eth/fiat.
everyone still trades in sats

>>5084205
shove your dictionary up your asshole, Im drunk

ATTN NEWFAGS: this is the most important crypto lesson. DO NOT hold bags for months thinking ehh the USD value is only down 10 or 20%. You are getting RAPED in satoshis and your coin is underperforming against bitcoin. Go compare the green and orange charts on CMC and see for yourself.

>>5084186
>by holding another coin and if btc rallys you would have destroyed value...
And by holding BTC and BTC drops you also destroy value.
Yes, BTC has all of the hype, but no one fucking knows what will happen next.
You don't have any oracle insights about the future. You are just gambling and assuming you figured out the system, because in hindsight it is all very clear.

>>5084259
>confirmed retard
look at the chart I uploaded. How has BTC dropped in value? Fucking /biz/ I swear

>>5083810
Newfags like this need to shut the fuck up and LURK MORE.
/biz/ is about making money or developing value.
Value is subjective- set a goal for yourself.
> I want to make $5000
> I want to make 1BTC

Either way, the value determination is subjective. If you bitch and moan about how OTHER people value their own assets, then go the fuck back to /pol/ where people actually give a shit about your opinion.

You newfags with your opinion pieces, crystal ball predictions and "I TOLD YOU ABOUT-" threads give me a fucking migraine.

>>5084211
because people don't want to use tether, they want to use their own currency. how do you think things would fare if there were 10 more pairings opened on coinbase along with canadian, brazilian, and european exchanges, all in CAD/BRL/EUR respectively and not meme tokens

>>5083844
>95% of this new and amazing techs are quick cash grabs that will never deliver. keep marrying your shitcoins idiot
And those remaining 5% are more innovative and valuable towards increasing economic efficiency and economic decentralization than bitcoin will ever be. Maybe bitcoin cash can seize the window to gain merchant adoption before ethereum scales, but bitcoin core is doomed. it will die sometimes in the next 2-6 months.

>>5084282
>calling me newfag
>he is also a trip fag
go fuck your fat mother namefag

Wait, there are ppk who trade alts by usd rates? Thats so retarded the posibility didnt even occur to me.

>>5083810
I cound shitcoints towards btc and thus btc towards fiat.

Apart from when ethereum has already rendered bitcoin obsolete.

>>5084289
people would still trade in sats

>>5084307
That's how 90% of the alt markets work though.
If you can't see that you're just deluded.

Measuring in BTC/sats used to be a good idea because back then it wasn't a heap of shit with 500 trillion unconfirmed transactions, ridiculous fees, in a bubble and about to have futures.

People who still measure in sats are fucking kidding themselves to fit in to be "one of da old fagz".

>>5084339
nice just realized all the hedge funds around the world margin trading all the accessible pairings on GDAX/Kraken/etc are measuring in sats, because they are enlightened fedora tippers like us who realize that bitcoin is world currency now

>>5084327
>sure
https://www.flippening.watch/
>>5084307
ikr?
>>5084342
/biz/ strikes once again kek

>>5083810
If you measure in USD you are lying to yourself. IOTA is the benchmark. Its you newcomers who dont quite get it - the goal of even touching shitcoins is to stack IOTA thats what will land you in lamboland

>>5084359
in the crypto world bitcoin is world currency

>>5084151
>If your shitcoin maintains his usd value and btc moons, you are losing money
>Unrealized hindsight gains are losses, even if you took away more money than you went in with

The absolute state of this board. I guess since a pajeet coin pumped and increased more than BTC today that means you THOUGHT you made a gain, but I guess not because something else went higher huh??

bitcoin isn't even fit to be a currency anymore, it's purely speculative garbage for normies. why the fuck would anyone care about measuring in sats.

>>5084255
>sell low buy high
thanks, just sold all my bags for ATH buttcoin
jk, I have no bags, now neck yourself retarded nigger

Preach it.

I’ve seen some stupid cunts trying to put all their alts into BTC (in a crash) thinking their portfolio is going to grow. It won’t grow (if you have intention of staying in the game), you’re just retaining the amount of BTC you have relative to your shitcoins

>>5083810
>Comparing alt coins to the early days of BTC
You're not going to find that kind of growth anywhere today especially not in BTC. And why would you expect to, BTC was the first of it's kind, of course it's going to grow the fastest at launch with nothing to compete with. The fact is though, despite the recent down turn, the alt-coin market cap has been consistently outperformed bitcoin and bitcoin market dominance only has a few more years at best.

>>5084392
Deluded buttcoiners who think the money train is going to take them to 1 bitcoin being with 100 gorillion each EOY

>>5084348
like the tripfag said, if you want to stack USD do it, if you want BTC do it, but BTC is a better strat

>>5083810
tfw invested in golem, made 30% USD gains, but lost 70% bitcoin gains

>>5083912
tfw only 3500% ROI

I-I am going to make it a-aren't I?

>>5084277
>look at the chart I uploaded. How has BTC dropped in value?
I don't know.
YOUR CHART IS MISSING THE FUCKING LEGEND. IT COULD BE ANYTHING YOU DRUNK RETARD.
But anyways, there were mutiple times were bitcoin lost value and where you would have had more "money" - in whatever form - left, had you exited BTC.
You just think you cracked the system because you got lucky.

>>5084277
>look at the chart I uploaded. How has BTC dropped in value?
This is how >>5084401

>>5084401
>consistently outperformed
>by total alt index
unless you created an alt index yourself the closest thing to an alt index.... is bitcoin

>>5084392
normies arent even fully in yet wait till they drive the price up
>>5084399
this one cant read charts
>>5084453
>doesnt know what a price multiplier is
even drunk me can run circles around your brainlet logic
>>5084401
what you are saying is still months if not years away, but answer this what if bitcoin crashes hard, what happens to your alts?

>>5084476
Why the fuck wouldn't you create an alt index yourself? You only need the relatively large cap coins. The smaller ones have mostly just moved sideways.

>>5084492
this one is know a data scientist

>>5084492
because bitcoin the majority market cap holder.
that means an alt index might outperform bitcoin but not by much.

>>5084491
>but answer this what if bitcoin crashes hard, what happens to your alts?

Buy more of them and they adopt new trading pairs while the king of shitcoins is still stuck on a clusterfuck of unconfirmed transactions of people trying to get in and out

>>5083810
I'm not buying your bags, OP.

>>5084491
>what happens to your alts?
Some alts, unlike buttcoin, actually have fundamental value you retard
I know, hard to imagine for someone moronic enough to buy and subsequently shill digital tulips.

>>5084491
BTC being the number two coin may be years away, but alts have been giving better returns for years. If BTC crashes, they will obviously crash too, but time has shown they outperform in the long run.

>>5084508
It doesn't take a genius to look at a chart and see which way the wind is blowing.

>>5084517
1000% gain in sats in <3 years is "not by much"?

>>5083810
>buy BTC
>it goes up 10x if you're lucky
>buy a good altcoin
>it goes up 1000x if you're lucky
>what are high risk, high reward investments?

>>5084453
i wasnt lucky, i took a risk. i read the fucking whitepaper and new this shit was gonna be a trend put ~250.000K into it. Everyone thought I was retarded but now Im like a god in their eyes
>>5084532
who will? the exchanges. everybody likes the system the way it is for now
>>5084564
steady gains sure returns anon

I margin trade fiat pairs. I use the fiat to buy btc on the dip. I come out ahead every time over trading btc pairs.
But I agree still, deluded linkies need to start looking at how much btc theyve lost instead of clinging to "bbut its up a few cents!".

>>5084491
>even drunk me can run circles around your brainlet logic
No, you can't.
You posted a broken graph.
And yes, I know which of the lines represents BTC, but still, that graph would have gotten you another F- in your math class.
You are just a kid that got lucky and now believes he figured it all out.
You haven't

>>5084580
>everybody likes the system the way it is for now
Behold, the mind of a deluded buttcoiner.

>>5084303
>caring about tripcodes on /biz/

I use a tripcode specifically to spot /pol/tards and other newfags on this board.
Only the newfags care about tripcodes because on /biz/, tripcodes are completely irrelevant to making money. The only things you should care about are;
>MONEY
>ASIAN GIRLS
>MONEY
>ASIAN GIRLS
Lurk more faggot.

>>5084546
>1000% gain in sats over 3 years in not much?
yea in crypto thats not much

>>5084580
250k in bitcoin in 2013? Then you really are retarded or already were rich

>>5084564
He's talking about measuring alts in sats and not usd mongoloid, it has nothing to do with buying or not buying alts

Half of the thread is filled with low IQ mouthbreathers who can't even read what OP's saying, and it's really fucking simple

>>5084580
>crypto
>sure returns

what are you smoking?

>>5084580
>bitcoin
>sure returns

>>5084580
>i wasnt lucky, i took a risk. i read the fucking whitepaper and new this shit was gonna be a trend
You were lucky.
Because the current increase in value is for reasons that are totally contrary to the whitepaper. Global decentral currency my ass.

>>5084627
>stack BTC thats what will land you in lamboland
>it has nothing to do with buying or not buying alts

>>5084546
>but time has shown they outperform in the long run.
OP's graph shows the exact fucking opposite.
You are a retarded faggot

When I can buy property, food, fuel and experiences with BTC, then I'll stop measuring gains in fiat. I have no intention of accumulating electrons, faggot.

>>5084598
i know the polo owner, and his mindset is totally different
>>5084594
cant hear you over the sound of my lambo
>>5084610
aww did I strike a nerve tripfag?
>>5084625
richfag family meh
>>5084628
>>5084631
bitcoin is only going up. deal with it anons, returns are sure for now, and besides I already cashed out most of my principal
>>5084643
>he saw bitcoin on /g/ and thought it was a scam
sorry you fucked up your chance to be free from slavery. my uncle probably owns your company

>>5084656
No dumbass, bitcoins growth has slowed since it inception. For as long as we've had data on both alts and btc, alts have beat btc easily.

>>5084680
>richfag family meh
So you made like 25M then? Congrats! I got in 2013 too but only made like 5000%

>>5084687
>probably took an R course on udemy
>thinks he understands various market forces and can generate valid hypotheses

>>5084720
Not an argument faggot.

>>5084680
>sorry you fucked up your chance to be free from slavery. my uncle probably owns your company
Jokes on you.
My uncle probably owns your uncles company and I'm not wageslaving, I'm in academia at the minimum wage, because I don't care about my wage since I can afford it.

>bitcoin is only going up. deal with it anons, returns are sure for now,
It might do so, but there is no fucking guarantee for this.
you are just a deluded rich kid.

>>5084687
all the more reason to measure against btc.
this doesnt mean youre only holding btc maggot. it could be fiat but measured against btc price.
we all know fiat isnt going anywhere so measuring in fiat doesnt tell you anything about performing relative to the market. btc does.

>>5084717
bought ETH too. the only shitcoin worth holding. Thats what really made me
>>5084734
fuck you then if you dont get it
>>5084750
im not deluded

>>5084754
I don't care if you measure in btc. It's as good as anything. But the idea that alts don't outperform btc today is just silly.

>>5084783
>today
well not today. over several years sure, if you could somehow buy an average alt index.

>>5083810
I measure shit in eth

>>5084680
>Makes no money on /pol/
>Comes to /biz/ with his financially useless mentality and rhetoric
nice. When can we see the next CBTS thread?

>>5084816
Most of the growth in the alt market cap has come from the top 10 or so coins. You don't need a complete index, just the largest some number, and you can add new ones as they get big.

>>5084865
well its some *kind* of index since the top 10 keeps moving around all the time

>>5084886
I just mean you don't have to waste time buying every coin. Adding new coins on a monthly basis or so shouldn't be too demanding.

>>5083810

He uses the example of ETH to BTC and how the ETH/USD level is meaningless but ETH/USD is a huge market, you can directly trade the pair from coinbase. I get his point but it was the wrong example.

>>5084919
changing positions based market cap ranking sounds like a good way to lose money. i dont think its as simple as that

https://twitter.com/Bletchley_Index
https://www.bletchleyindexes.com/
btw

>>5083844
Don't worry, I will.

>>5084958
Market cap will vary more or less in proportion the value so any position you enter will maintain the right value. You don't need to sell any coins to maintain this portfolio, just buy ones that develop a significant market cap as they appear.

>>5084151

>You messure BTC in $

>you didn't lose money if btc got % more than shitcoin in hindsight

>measure in satoshies only works if you believe BTC will go up forever and ever untill end of time

Acually

>You believe just because something happened in past will keep repeating itself forever, instead of thinking and anticipating and thats why most of You will lose in end.

Good speed anons

>>5085306
>You believe just because something happened in past will keep repeating itself forever, instead of thinking and anticipating and thats why most of You will lose in end.
applies equally to fiat or anything ever

>>5085488

Yes Anon.

>>5083912
>when you "make it" but you're still an animeposting faggot on /biz/
sounds like you didn't make it m8

>>5085527
>what is wrong with posting anime on an anime image board?.
I dont get people like you. The reason I even made it is I filtered out of /a/ to /g/ to try fixing my laptop and found buttcoins

>>5083810
I dont buy alt coins for this purpose. I buy them for long term gambling to see if one of them will make it big. I trade bitcoins for bitcoins to make more bitcoins.

>>5083810
i increased my capital from 5k to 50k just from litecoin alone even tho the btc ratio never rose to over the usual.
i now have enough to diversify into other coins including btc.

your point is invalid

>>5085527
Actually that sounds exactly like making
Who else here in the made it club
Slowly arriving to 1mil

>>5083810
Op is right. This fiat shit has become a meme like not being able to cash out now. 50% of you believe it though which is worrying. You are going to lose a lot of money. The rest of you are being dickhead trolls on this one. It’s one thing to freak people out over cashing out. I guess if they are stupid enough to believe you they deserve to lose their money. Dick move though.

>>5084109
>everything is correlated to BTC
hahahaha oh noooo does someone want to tell him?

kiddo that hasnt been the case in a long time.

>>5083844
Damn it, I read it.

If you measure in BTC you are lying to yourself. BCH is the benchmark. Ever since the fork in 2017 everybody measured in vertoshis, its you newcomers who dont quite get it - the goal of even touching corecoins is to stack BCH thats what will land you in lamboland. christs sake open a vertoshi chart and fiat chart in different tabs and see for yourself

>all this arguing
Are ya'll ever making any money?

Newfag here but why wouldn't you measure in USD? These lambos cost a million USD, you make a million USD and buy the car still, right?

While I'm at it, where the fuck do I go to learn this shit? I only got 1.5k$ to my name and I want to get rich too

>>5086075
We don't measure in USD because it's deprecated.
What are you trying to learn?

>>5086111
Should update this with a new car and groceries falling out of the trunk.

>>5086075
Because there's no point in trading unless you're beating Bitcoins gains.

If you start with 1BTC and now have 0.5BTC you fucked up regardless if the usd value is higher than what you started with.

>>5086111
I figured you'd be able to make a million on cryptocurrencies before inflation would actually affect prices.

I truly don't even know what I'm trying to learn. The general rules or strategies of this trading coin game possibly.

>inb4 lurk moar
I will

>>5086509
Inflation is already affecting prices
If you don't know what you are trying to learn then I can't help you.
General rules for trading crypto is buy low sell high

>>5083810
> Expecting full fledged turbo normies to get this concept
M8, they’re happy giving away satoshis and leaving money on the table as long as they’re still up in total dollars. And that’s actually a good thing for us insightful traders

>>5084307
Yes, that’s how you spot normies
Hurrr durrr ripple is at 0.70. OOOOGAAAA BOOGA, neo is $30, I’m up 20% (while still being anally raped in btc). At the end of 5e day I love them cause that translates into more satoshis (money) for me

> Muh satoshis

>>5083810
people started measuring in fiat the same time btc lost it status as value

whats the point measuring in btc if you ant buy shit with it? fucking maximalist retards

>>5087694
>whats the point measuring in btc if you ant buy shit with it?

every single cryptocurrency can be purchased with btc, doesn't that tell you enough?

>>5083810
>If you measure in USD you are lying to yourself.
This is what I always say.
When someone measures altcoins in USD and those altcoins don't have USD trading pairs(they must have majority of volume in USD, ie. ETH and LTC), that's when you know that the person is trying to cope with losses and/or is a newfaggot.

>>5087738
so you are saying the "worth" btc has is actually the worth of the alts propping up btc and will be gone the moment exchanges start to tell core cucks to fuck off?

>>5087738
>>5087878
but anyway thank you ill go make an exchange with alt gateway just to spite btc until atomic swap arrives

>>5085488
This is why /pol/tards don't know how to make money.
Why shit up our board? Is it jealousy? Envy? Contempt? Why anon, do you have to try to ruin good things for everyone else?

>>5088031
go to sleep tripfag nobody likes you

>>5083810

I knew there was an influx of normies and amateurs trading crypto about four months ago because people on /biz/ started talking cents instead of sats.

>>5088104
Theyll do their books, realise their getting JUSTd and finally adjust. Experience is the best teacher

>>5085584
I want to touch my private whore Azusa.

>>5088293
fuck you Azusa is pure. she doesnt like cock carousels and dont say you said "private" I claimed her

>>5084373
this desu doesn't even matter if IOTA works they will fly on a cloud of PR and promises for decades

>>5088380
Where and when did you claim her? I'm pretty sure that I did it before you. I'm probably also much older than you. Pay respect to your Senpai!

>>5083830
You mean dollar?
I agree

You're basically spot on OP. All these newfags talking in terms of USD makes me cringe hard as fuck.

>>5083844
Who the hell drinks that brand?

ITT: deluded neckbeards who never held real fiat in their lives that were scammed into believing their SchruteBucks are valuable

OP gets it.
crypto is the new financial market, but still in it's infancy. to get ANY crypto, you need to deal with BTC, as when trading any fiat currencies, you mostly need to deal with USD.

right now some coins are better to get a bigger ROI, but in the near future it is BTC or Satoshis for easier calulations what matters. Once you put any fiat into crypto currency, you need to count your portfolio/value in satoshis, as this is the benchmark for future financial markets.

In the longer future though, BTC will lose it's power as main crypto to some other coin, but until we know what coin it is - thinking in satoshis is the right way to go.

>>5083951
t. Steve Jobs

>>5088791
No he means Segshitbankerretardcoin

>>5089284
A nocoiner speaks. Powerful.

>>5090514
get off my thread cashie

>>5083810
I am pretty sure 50% of this 'Satoshis don't matter' meme crap is being caused by (paid?) Bitcoin Cash shills trying to discredit Bitcoin. The rest is either Pajeet shills wanting people to focus on fiat value and feed them btc or noobs who don't understand how this works. It makes sense that the cash team are going to try to undermine BTC, for them to truly succeed they need the market priced in cash. For that to happen they need to first make the current system irrelevant. Then they can switch (hopefully) and start shilling how important the valuation in cash now is because fiat is dying etc and 'we da king now' blah blah.
Or it is the Pajeets taking advantage of noobs. Probably that one to be honest but the flipping conspiracy may also be true.

>>5090628
That is probably where half this FUD over Satoshi value is coming from. I don't care either way, forking is dumb but its happened now but these pricks are acting like cult members and it is annoying. Most likely some are paid shills.

>>5090628
No you segfuck

>>5084186
BTC is only a benchmark if you make it one.
It's not an index like the S&P (which was the comparison made in the video). It's a single asset. It's like arbitrarily choosing Apple or Facebook as a benchmark for your entire stock portfolio.
When BTC moves it sucks the life out of everything else. It's not a fair benchmark for crypto as a whole when it's rising. It's also not a good benchmark when it's stagnant in USD terms because literally everything, even absolute dogshit tends to rise against it.
Just use USD desu. If you panic sell altcoins every time BTC looks like it's gonna rise you'll end up losing money.

Yea but I make way more money if I measure in USD.

BITCOIN IS A BUBBLE

USD IS KING

>>5084186
Also you're making BTC out to be the only cryptoasset that matters. It may not rise forever. Perhaps general purpose "cryptocurrencies" won't take off but smart contract platforms will. What good will sats do in that situation?

>>5091484
Literally retarded. I t is about proportional growth of BTC/ALTs in fiat. You make more holding BTc unless that ATL climbs in satoshis. Period.

Fucking troll, shill, or noob, you people are annoying as fuck.

>>5091460
no you fuckwit, IT IS the benchmark that everything gets its fiat value from. Period. That is how the exchanges calculate it, that is how it will be calculated cashing out. IF YOUR ALT LOSES SATOSHIS YOU LOSE MONEY BECAUSE YOU WOULD HAVE MADE MORE KEEPING IT IN BITCOIN. period.

YOU BRAINDEAD IDIOTS GET IT THROUGH YOUR THICK HEADS.

The only reason you can't understand by now is if you are paid Bitcoin cash shills undermining bitcoin or Pajeets wanting noobs to use fiat value so they can steal thier bitcoins!

>>5091675
>IF YOUR ALT LOSES SATOSHIS YOU LOSE MONEY
Bitcoin isn't money ;)