/biz/ - Business & Finance

[Anonymous No.5184935]

>measuring alts in sats

[Anonymous No.5184946]

>>5184935
>measuring your alts in USDT

[Anonymous No.5184963]

USD values fluctuate rapidly by reference, sats are constant.

[Anonymous No.5184979]

i guarantee the chad investors don't care about sats.

[Anonymous No.5185018]

>>5184935
>measuring your alts in DOGE.

[Anonymous No.5185048]

>>5184963

[Anonymous No.5185071]

What the fuck is a sat?

Do you mean 20 USD or something else?

[Anonymous No.5185075]

>>5184963

[Anonymous No.5185081]

>>5184935
>implying alts are anything more than just shicoins used to gamble for more btc
Shitcoiners have deluded themselves into thinking that fiat is all that matters when just 2 months ago everyone talked about sats, but now that btc ralleyed and left everyone else in the dust all of a sudden fiat is better to use amirite? Keep hodling them shitcoins faggots

[Anonymous No.5185082]

>>5184963
Yes because bitcoin is very stable

[Anonymous No.5185117]

>>5185071
Satoshi is just an edgy way to convey cents on the bitcoin dollar. For example if I have 0.9999 btc then I have 9999 satoshis

[Anonymous No.5185125]

>>5185081
>Shitcoiners have deluded themselves into thinking that fiat is all that matters
Well if that's not the case, then why is BTC itself measured in fiat?

[Anonymous No.5185157]

>>5185071
>What the fuck is a sat?
A satoshi. Look it up.
Another way of saying "Bitcoin".

[Anonymous No.5185199]

>>5185117
brainlet detected

[Anonymous No.5185240]

>>5184963
you sure about that?

[Anonymous No.5185428]

Seriously?
Satfags giving up? Finally seeing the light?

Only guy that even tried to put up a fight was >>5185081
and he scurried away after one reply.

[Anonymous No.5185474]

>measuring

[Anonymous No.5185499]

If you buy a Lambo within the next 5 years, you'll more than likely be buying it in fiat.

[Anonymous No.5185504]

>>5185125
>not measuring your fiat in BTC

[Anonymous No.5185507]

>>5184935
FROGPOSTER NO

[Anonymous No.5185521]

>>5185157
>>5185117
Lol, this nerd shit.

So a sat is 0.0001 BTC?

Why not use the value with the roman number for 1000? Like /M? Like 100 """sat""" is is 100/M

Who the fuck would name a denomination for a fake person? Who the fuck actually made a "sat" an actual unit of measurement? This is a financial instrument with billions of dolllars in it, it has a special name for a fraction?!

So BTC fractions are called something other than what math identifies it as?

Why is that?

[Anonymous No.5185528]

>>5184963

[Anonymous No.5185548]

>>5185521
a sat is .00000001 playa

[Anonymous No.5185571]

>>5185504
>not keeping your fridge in the ketchup

[Anonymous No.5185609]

>>5185081
What a bunch of bullshit. You measure btc in fiat you retard. Might as well just skip the btc middleman when valuing alts and just measure directly in fiat since you're going to cash out anyways. Don't pretend like you can use btc to buy anything, fees and speed make it untenable.

Did you know that XRP outperformed bubblecoin this year? I bet you didn't. You literally would have made more money by buying XRP at the beginning of the year than buying btc. And guess what? XRP can be traded in fiat pairs. No bubblecoin necessary. For many alts that outperform your shitty dinosaurcoin, it doesn't even make sense to value in sats. At all. It's just an added layer of complexity, and for no good reason.

You're a faggot.

[Anonymous No.5186102]

>>5185081
HALF THE FUCKING MARKET IS NOW FUCKING ALTS, HALF. How long will this have to go before BTC fucks shut their fucking whore mouths Jesus Christ. ALTS ARE HERE TO STAY. Like it or not.

[Anonymous No.5187042]

if you measure your alts in fiat you're going to make stupid trades because you think you're up when you're down. measure them against the trading pair they trade against for trading. it's fine to count them up in usd in your folio or whatever but don't use that to make trading decisions

[Anonymous No.5187176]

>>5184935
I use sats because I wanna see if I'm making money compared to if I just invested in BTC. It's how I see if I'm doing better or worse than the normies

[Anonymous No.5187295]

Lol the amount of dumb money coming in is amazing.
Only increasing my positions
Sats matter, you are a fucking moron if you think otherwise

[Anonymous No.5187314]

>>5187042
> because you think you're up when you're down
Wrong.
If you're up in fiat, then you're up in fiat. End of story.

[Anonymous No.5187337]

>>5187295
>Sats matter
Enlighten us anon; how are sats valued?

>>5187176
>I use sats because I wanna see if I'm making money compared to if I just invested in BTC.
Why not compared to if you just invested in Apple?

[Anonymous No.5187387]

>>5185521
don't know dude. why do engineering and construction idiots use milli meters and meters and centi meters. hibt?

[Anonymous No.5187617]

>>5187337
> buy 2 btc worth of wtc on aug 31st at 0.00013157
>sell at 0.00190783
Roughly a x10 or so.
Hmm lets see thats 20btc you own now
Hmmm 20 btc is worth $375k roughly atm
You would have far less my friend had you held wtc

But i do agree that xrp to fiat is great and i hope ltc can start paring with other alts

[Anonymous No.5187630]

>>5184963
>sats dont fluctuate
>Bitcoin went from 5k to 20k making all alts tank in sats to a non recoverable level
>meanwhile USD may have fluctuated by a cent

We get you dont like the USD because of the guvmint but its seriously the only way to accurately measure prices.

[Anonymous No.5187668]

>>5184979
That's because chad investors don't give a shit about alts

[Anonymous No.5187688]

>>5184963

[Anonymous No.5187704]

>>5187617
>You would have far less my friend had you held wtc
Lmao, what the hell do you mean?
You mean you wouldn't have 20 btc if you didn't trade that wtc for btc?

>Hmmm 20 btc is worth $375k roughly atm
Exactly.
You measure btc in USD.
So anything you measure in btc, you are automatically and ALWAYS measuring in USD as well.

[Anonymous No.5187707]

>>5187630
Brainlet detected

[Anonymous No.5187758]

>>5186102
This.

Bitcoin will be obsolete soon enough as its pretty much all owned by a company, its slow as fuck, huge transaction fees etc. Merchants like Steam can't even accept it anymore because of these reasons.

Theres already alts that offer a feeless, fast alternative and when those catch on bitcoin is going bye bye.

[Anonymous No.5187759]

>>5187704
You are beyond dumb hahahaha oh my god im fucking dying

[Anonymous No.5187761]

>>5184963

[Anonymous No.5187780]

>>5187759
Answer the question, big boi.

"You mean you wouldn't have 20 btc if you didn't trade that wtc for btc?"

Answer it. Please.

[Anonymous No.5187781]

>naming your denomination after fucking Ash Ketchum from Pokemon
cringy desu

[Anonymous No.5187831]

>>5187707
Yeah ok.
You just posted a picture proving you're just a salty ancap so your hate for the government trumps any logic and reasoning.

[Anonymous No.5187855]

>>5187780
Go to coin mktcap. Look at wtc. Look at the orange line. Hahaha oh my goodness

[Anonymous No.5187866]

ITT people too dumb to get it

everything gets measured in sats, because BTC is the only stable long term hold.

the game is played by sticking to BTC, finding an alt you think will for a moment grow at a faster rate than BTC, and then flip it for more BTC.

fiat is a meaningless unit of measurement for any crypto other than BTC, because BTC acts as the index for the whole space. sat value is all that matters in this game, because the name of the game is "always acquire more BTC"

nubs

[Anonymous No.5187886]

>>5187855
Answer the question.
Why are you afraid?

[Anonymous No.5187918]

>>5187866
>because BTC is the only stable long term hold
>stable

[Anonymous No.5187945]

>>5187866

This

Don't expect these nubs to get it tho lol

[Anonymous No.5187958]

>>5187866
We should really stop helping these .005 btc owners

[Anonymous No.5188060]

>>5187958

Ya they'll never get it. They don't understand all their precious alt coins can only exist because BTC is doing the work of underwriting the value for everything else in crypto. There needs to be one bloated, expensive, and slow af PoW system to underwrite the wealth of the crypto space, so that all the other coins can focus on serving their purpose.

Get on your knees and kiss the king's feet nocoiners.

[Anonymous No.5188071]

>>5187866
>>5187945
>>5187958
>>5188060

>the name of the game is "always acquire more BTC"
And BTC is valued in fiat.

[Anonymous No.5188097]

>>5187866
BTC will be replaced.

It has too many problems that wont be solved.

When someone comes out with a feeless and fast alternative (already happenening) it will eventually replace BTC

[Anonymous No.5188118]

>>5187855
>>5187759
>>5187707
>>5187617
So no answer.
Let me help you: you were basically saying "if you don't turn your alt into BTC, you won't have much BTC".

The absolute state of your brain, lmao.

[Anonymous No.5188137]

>>5188071

Only to normies. I don't care what my BTC is worth, all I care is that I acquire more of it. When every normie on every block is scrambling for the scraps of BTC left over for them you'll understand. For now keep thinking in fiat and be happy with your tiny stack.

[Anonymous No.5188166]

>>5188137
>Only to normies.
To everyone. Including you.

>all I care is that I acquire more of it
... because it's worth money.

[Anonymous No.5188253]

>>5185428
Most alts made more money in 2017 than BTC for the same investment. Which is actually one of the major problems with comparing anything to BTC in general.

LTC ran circles around BTC in 2017.

[Anonymous No.5188327]

>>5188137
>I don't care what my BTC is worth
AAAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

[Anonymous No.5188344]

>>5188166

>... because it's worth money.

No because its worth BTC... you don't get it yet.

Our current age is coming to an end. Over the next couple decades, there will be no fiat. The nation states and banks of the world will find themselves faced with an existential crises, and they will lose because what they offer is worthless relative what blockchains will have enabled for us.

This is a new era. You're thinking way too small if you still care about fiat.

[Anonymous No.5188357]

>>5188253

This is false. LTC is still not over the 0.02 sat ATH. You would still have been better off in BTC.

Delusional normies.

[Anonymous No.5188369]

>>5188344
>No because its worth BTC
So why is BTC valued in fiat?

[Anonymous No.5188390]

>>5185521
no nigger a sat is .00000001

[Anonymous No.5188399]

>>5188369
it isn't for long

[Anonymous No.5188458]

>>5188357
>This is false.
There have been a lot of alts that did a lot better than BTC though.

>>5188399
When BTC replaces fiat as the de facto ruler of the world, then we'll talk.
For now, BTC is measured in fiat. Just like all crypto. Just like everything in existence.

[Anonymous No.5188470]

>>5188357
Are you on fucking medication?

Even ETH completely destroyed BTC for the same investment amount in January 2017. Like its not even close.

BTC was raveaged hard in the ass by LTC too. LIke BTC might as well not even exist. LTC was sooo cheap in January

Are you fucking retarded?

Hold up, this guy has to be trolling HAHAHA

[Anonymous No.5188517]

>>5188470


ETH is still not over the 0.2 ATH as well.

You, again, would have been better off in BTC.

The only point of alts is to get more BTC. Alts are a giant scam.

[Anonymous No.5188529]

>>5188369

Because normies need some way to grasp its value while fiat still runs our world. Those days are numbered, and once you free yourself of thinking in fiat, that's when you start to win at this game.

You're welcome to be happy with your fiat gains. There's plenty to go around. I'll continue focusing on increasing my BTC position. Those hoarding BTC will be among the ruling class in the new age. Those holding alts will have to be happy with their scraps.

[Anonymous No.5188539]

>>5188517
>Alts are a giant scam
do you know what the word scam means?

[Anonymous No.5188670]

>>5188344
I'm not gonna wait decades

[Anonymous No.5188678]

>>5188517
Mother fucker do you want to make money or not you fucking moron. ETH was worth less than 10 USD in January Now its 700.

BTC was 1200-1800 right?
Have any Idea how many ETH you could have got for 1800 when it was like 7 bucks a pop?

> You, again, would have been better off in BTC.

Then shut the fuck up with your shit arguments. Are you going to tell me that more oney equals less fucking money!?

I think you might be retarded. Not even being insulting. I think this guy is retarded or maybe a little off.

[Anonymous No.5188721]

>>5184963

[Anonymous No.5188766]

>>5184935
You buy in sats, you measure in sats. It’s really not that complicated.

[Anonymous No.5188802]

>>5188517
M8 your mums pussy is a giant cave

[Anonymous No.5188803]

>>5188766
I bought in rupees. I measure in rupees

[Anonymous No.5188892]

>>5188678

You're doing selection bias again.

Let's say you bought 1 ETH from each month from a year ago to now. Now compare that to what you would've made if you bought BTC instead by converting ETH to BTC. On average you would have lost money in sats.

If you went all in at the very bottom or close to the bottom when ETH was less than $150, then you could be ahead. But that argument is invalid because if you used the same amount of value on BTC, you would still have more.

I'm trying to help you. Alts only exist to make more BTC. All the old traders know this. It's why alts always crash after a BTC bull run or when BTC drops. Alts only do well when BTC is channeled.

Don't hate the player, hate the game.

[Anonymous No.5188921]

>>5188766
1800 USD would have bought around 257 ethereum in January 2017.

257 ETH at 700 each 179900 USD.

If I dumped all of my BTC for ETH in January 2017 I would be a multimillionaire right now.

Multi-fucking-millionaire... And you believe this is something that "doesn't count"

HAHAHAHAH... I'm crying too but its funny. HAHAHAHA

[Anonymous No.5189019]

>>5188892
>You're doing selection bias again.
>Let's say you bought 1 ETH from each month from a year ago to now. Now compare that to what you would've made if you bought BTC instead by converting ETH to BTC.

The fuck you talking about? I am saying that if I had X amount of money and put the same amount in both coins ETH would be by far the larger gains. By a fucking lot.

Whatthe fuck is selection bias?

Do you live in a world where you can only buy one coin at a time? What planet is it where I can only buy one coin at a time.

Ok, you win, in a hypothetical scenario where I can only buy one of each coin at a time you would be right. BTC would come out ahead.

HAHAHAHAHAHA

[Anonymous No.5189178]

>>5188892
"I'm sorry bro but your Lamborghini is a selection bias Lamborghini so it doesn't count. You need to buy one coin of each at a time since January in order to properly become rich as fuck."

[Anonymous No.5189203]

>>5188892
Stop wasting your time, these fags are hopeless.

Old biz is gone.

[Anonymous No.5189222]

The reason why /biz/ gets so angry at this subject is because most of them would have made more money holding btc than trading alts and chasing pumps, this happened to me before I realized how important is to keep the sat value rising.

You're always at an advantage by measuring in and holding sats, if you're clever you can always get alts on sale after every pump, sell them high once they 'recover' and repeat. But then again buying low and selling high is a foreign concept around here.

[Anonymous No.5189271]

>>5184935
because more sats = more usd for me until bitcoin crashes

[Anonymous No.5189294]

>>5188892
if you bought in january youd still be up.
if you bought in june youd be down as fuck

[Anonymous No.5189324]

>>5189222
>The reason why /biz/ gets so angry at this subject is because most of them would have made more money holding btc than trading alts and chasing pumps

Actually I am pissed because I am mad at myself for holding only Bitcoin for all of 2017. The reality is that alts are where the really big money is.

Its not even an argument. Either you are retarded or you are not retarded.

[Anonymous No.5189331]

>>5189222

Ya I learned the hard way. I was watching my fiat value go up, but then flipped to sats and it was down 25%. It suddenly clicked how poorly I was playing the game.

Your goal isn't to make gains in fiat. Its to make gains in sats. You can use fiat as a solid indicator of price direction, but you want to be focussing on flipping for more sats. The longer you hold a coin that flatlines, the more you bleed in sats.

BTC is your safe space. Its like your stack of chips in poker. Every alt you sit on is like putting some of your chips on the table, which is risking losing it. Its that simple. Stop thinking of this as investments and start thinking of it as poker and you'll win.

[Anonymous No.5189419]

>>5189324
I think measuring in sats, in general, is a better thing to do.
Btc will probably not last for ever,though, and I think Ltc or Bch will take it's place. Before that there needs to be Bch/Ltc pairs and the possibility to cash out with them.
>>5189324
You are correct, but only if you manage to gain sat value with alt-trading, and as we can see here, a lot of people end up losing and would have been better of holding btc.
In my case this last month I've been able to increase my sat value decently, so I'm ok.

[Anonymous No.5189531]

>>5189419
>and as we can see here, a lot of people end up losing and would have been better of holding btc.

Thats a completely different argument. Off corse chasing pump and dumps is a terrible way to go.

But if you pick you alts and hold them. You have a far higher chance of completely BTFO Bitcoin earnings Sats and USD it wont even be a contest.

If I had 10k LTC right now, do you think I would be worried about muh sats?

Not a chance in hell, the thought is amusing at best.

[Anonymous No.5190169]

>>5188344
I kind of agree with you anon, but I do not agree BTC is the only coin that matters.

[Anonymous No.5190239]

>>5188892
>Alts only exist to make more BTC. All the old traders know this.
The old players antics are becoming outdated, times changes and BTC lost 40% more market to alts. But keep putting BTC on a pedestal and see where it gets you. (Hint: not the moon)

[Anonymous No.5190302]

>>5188529
And what's the value of BTC according to you?

[Anonymous No.5190376]

>>5188766
>You buy in sats, you measure in sats.
And how are those sats measured?
How come the amount of an alt you can buy with any given number of sats is different from one moment to the next?

[Anonymous No.5190388]

>>5184935

[Anonymous No.5190796]

lmao
all these fucking brainlet newfag dumb money
its so obvious you fucking started this month
pic related, everyone who doesnt understand why you measure everything in sats

[Anonymous No.5190847]

>>5190796
Arguments: zero.

[Anonymous No.5190973]

>>5190796
>hahehaueheu I will post a brainlet wojak pic that'll show those dumb money

Protip you retarded niggers. Measure in sats if you scalp, but for TA on a scale longer than your brainlet memory, you measure with FIAT. Unless you hate money, that is.
Now kys bitcoincucks.

[Anonymous No.5191534]

>>5190973
BTC maximalist are on suicide watch for the following reasons:
- normie chads that got into crypto don't give a single shit about sats value; this will afect BTC dominance and it's status as the shitcoin king
- exchanges will add more fiat-crypto pairs, thus reducing BTC's forced utility
- wallstreet might short BTC and we might see a mass migration into alts; BTC maximalists will end up holding bags while everything else moons
- LN might not be so warmly recieved and BTC will be BTFO some more

BTC's is on it's death knell and corecucks are afraid.

[Anonymous No.5191557]

>>5190847
>>5190973
imagine being this dumb kek
you are probably the reason why its so easy again to x6 my money in 2 weeks
enjoy being forever poor I guess?

[Anonymous No.5191594]

>>5191557
>dat pic
>"holding things that perform better is better"

You're joking with this shit, right?

[Anonymous No.5191640]

>>5191594
>0 arguments
haha ok

[Anonymous No.5191677]

>>5191640
There was an argument you brainlet.
That it's dumb to say "should've held X instead of Y" after the fact.

[Anonymous No.5191710]

What would you rather accumulate over the past 3 years and future 3 years? USD or sats? one day measuring in usd may be more relevant but it's not today.

[Anonymous No.5191740]

>>5184963

[Anonymous No.5191747]

>>5191710
Today, "money" rules the world.
That's why BTC is valued in fiat.

[Anonymous No.5191820]

Holy shit how dumb are some of you retards?
YOU TRACK EVERY PURCHASE IN WHATEVER CURRENCY YOU USED TO BUY IT.
Ever heard of the concept of opportunity cost?
If you buy an altcoin in BTC, you track in BTC to see if it actually profitable, or would it have been better to hold onto the btc. Just because the USD value of an alt goes up doesn't mean shit. If your alt doubled in fiat value, but BTC went up 4x, guess what retard? You would be double as rich in FIAT if you just held onto your btc (i.e. That alt purchase was a -50% loss).

If you buy BTC and eth in fiat, you track those two against fiat. Opportunity cost.

Seriously basic stuff here.

[Anonymous No.5191889]

Your trades occur over time though so you have to factor in the purchasing power of them over the course of the trade, bitcoins purchasing power tends to increase, fiats purchasing power tends to decrease

[Anonymous No.5191998]

>>5191677
There is no hope for you.
I am sorry anon...

[Anonymous No.5192122]

>>5191820
there are people who don't understand this.
really boggles my mind.

[Anonymous No.5192189]

>>5191820
>>5192122
>YOU TRACK EVERY PURCHASE IN WHATEVER CURRENCY YOU USED TO BUY IT
Right.
You do know you can buy pretty much all alts with fiat through mylocalbitcoin, right?

Also, this is bullshit.
If people want a certain alt, and they have to go throught ETH or BTC first, it's a minor annoyance and nohting else.

>>5191998
Arguments: zero.
Consider yourself BTFO.

You thought you were being smart posting that seemingly intricate image, while all that image says is "you would have been better off holding the asset that performed better". Which is pure hindsight.

[Anonymous No.5192197]

>you are up in USD but lost in sats
>you could literally spare all the effort and research and just get btc in the beginning like all the normies and you'd make better profits

how is this not relevant?

[Anonymous No.5192280]

>>5191820
lmao only usd matters bro

[Anonymous No.5192300]

>>5192197
Because it's pure hindsight.
There will always be an investment that does better than whatever you are holding.
For instance, this year tons of coins have outperformed BTC by massive margins.

[Anonymous No.5192391]

>>5187866
>because BTC is the only stable long term hold.
you sure about that anon? I think crypto investors are making some deadly assumptions

[Anonymous No.5192437]

>>5192300
I don't mean you should beat yourself over it if that happens but it's fine to measure your performance this way

[Anonymous No.5192459]

>down is sats
>up in usd
I am an expert trader

[Anonymous No.5192518]

>>5192437
You can compare your specific investment to all other investments in the world if you want.
But how an investment is valued is in "money", i.e. fiat.

>>5192459
All that means is BTC did even better.
You don't have to be holding the absolute best performer in the world to be an expert trader.

[Anonymous No.5192781]

>>5185075
Not him, but yeah, the shitcoins typically track BTC more than USD.

[Anonymous No.5192968]

>>5192300
>ITT
e.g. NEM 198x in a year, yet everyone talks about BTC and ETH

[Moon Man !MoonManSDw No.5193003]

>>5192518
>You don't have to be holding the absolute best performer in the world to be an expert trader.

This is like bragging about your stocks doing good but doing worse than the S&P 500.

Yeah, you made some money, but you're still retarded for doing worse than the defacto pick. So no, you're not an expert trader - you did worse than the index all stocks compare themselves against.

[Anonymous No.5193067]

>>5193003
>you're still retarded for not having perfect hindsight
Retard.

And yes, you can compare investments all day long, but they're all valued in fiat.

[Moon Man !MoonManSDw No.5193121]

>>5193067
>choosing the default pick means having perfect hindsight

No, it just means you are new and are picking safe. If you do worse than the safe choice, you are considered retarded, not an expert lmao.

[Anonymous No.5193168]

>>5193067
>holding bitcoin to perform atleast as good as bitcoin requires so much hindsight

kys pls

[Anonymous No.5193242]

>>5193121
This is crypto. There is no safe choice. Shit could collapse at any time like in 2013.

>>5193168
>holding bitcoin to perform atleast as good as bitcoin
haha what?

[Anonymous No.5193274]

>>5184935
>can't outperform the benchmark
Literally zero alpha

[Moon Man !MoonManSDw No.5193297]

>>5193242
That's not an argument. Safe is relative. In crypto, Bitcoin is safe, the default pick, and what everyone measures against.

Measuring in USD is what altcucks do when they're down and pretend they aren't retarded because they want to consider themselves "expert traders". You can't lose in a Bitcoin bull market - nobody is losing against USD. This is like bragging about winning the paralympics to make yourself feel better about losing the real one.

[Anonymous No.5193351]

>>5193297
>That's not an argument.
Cry about it, why don't you.

>what everyone measures against.
And what is BTC measured against?

[Anonymous No.5193388]

Does it trade against fiat or btc? If it trades against usd, fine, measure in fiat because that's what you're trading against. Btc, trade against the Satoshi value otherwise you could be losing with each trade and your dumb ass has no idea

[Moon Man !MoonManSDw No.5193413]

>>5193351
You're just going circular now. S&P 500 is measured in USD, my argument remains the same - that you are retarded for losing against the safe or default choice.

[Anonymous No.5193438]

>>5185609
Too bad your yobit shit coin bags don't have a fiat pair that sees majority of the volume, like with iota or xrp

[Anonymous No.5193454]

>>5188529
Let me see, if only a handfull of NEETs have all BTC, then how the rest of the world economy would work according to your "dream"?
>btw how is Mumbai?

[Anonymous No.5193478]

>>5193388
>Does it trade against fiat or btc?
You can buy any alt for fiat through different ways, like mylocalbitcoin.
And it doesn't matter. The fact that exchanges don't have fiat trading pairs is a technicality.

>>5193413
>that you are retarded for not having perfect hindsight
Dumbass.

[Moon Man !MoonManSDw No.5193501]

>>5193478
You're literally repeating debunked arguments now. Kill yourself, altcoper.

[Anonymous No.5193544]

>>5193478
Enjoy paying twice as many fees and being a victim to sudden volatility then, retard newcoiner

You want to increase your shit coin stack? And it only trades against btc? You best be trading off the sat value otherwise you could be losing your holdings with each trade
If you can't understand this then I'll just leave you to it, because we need dumb fucks like you in order to make money

[Anonymous No.5193557]

>>5193501
BTC is measured in USD.
Anything you measure in BTC, you are automatically measuring in BTC.

The ONLY reason you might be able to buy more of an alt with the same amount of sats is because BTC went up in fiat (or the alt went down in fiat).

[Anonymous No.5193567]

>shitcoins
>just shitcoins

[Anonymous No.5193602]

>>5193544
>Enjoy paying twice as many fees and being a victim to sudden volatility
It's an annoyance, yes.
But like I said, you can go fiat-alt directly through other ways as well.

>you could be losing your holdings with each trade
If you're up in money, you're up in money

[Anonymous No.5193640]

>>5193557
Btc is measured in usd because it's traded against usd
Your shit coins aren't. This is the entire point my man...

If your shit coin goes from 30c/6k sats to 15c/3k sats, then btc doubles in usd value, and your shit coin remains at 3k sats but is now at 30c, would you sell thinking you've made a profit?

[Anonymous No.5193710]

>>5193602
>Its an annoyance yes
I doubt you actually do it though, you're just going through mental gymnastics to try and deal with being a shit trader

Do you actually buy and sell shit coins on localbtc to trade? DID YOU JUST FUCKING SAY THAT
HOLY FUUUCK PEOPLE ARE THIS RETARDED

[Anonymous No.5193713]

>>5193640
>Btc is measured in usd because it's traded against usd
>Your shit coins aren't.
A technicality.
And not even true. You can buy alts for fiat, anon.
And it doesn't change the fact that anything you value against something that is itself valued in USD, is also being valued in USD.

> would you sell thinking you've made a profit?
Well no because I bought at 30c and it's still 30c at the end of your scenario.

[Anonymous No.5193739]

>>5193710
I said you can buy alts on localbitcoin.

[Anonymous No.5193822]

>>5193739
No one does this
Any alt you can buy on localbtc probably has a fiat pair on an exchange

Youre a dumb fuck desperate to delude yourself into thinking you aren't at a loss
Grats dude you bought into link at like 8k sats, now it's up a few cents and you think you're ahead
Too bad btc has gone 3x or whatever since then

[Moon Man !MoonManSDw No.5193852]

>>5193713
>I can buy gold with my fiat
>He doesn't value his alts in gold ounces

You're retarded and your suck at trading. Just accept it.

[Anonymous No.5193856]

>>5193822
>No one does this
lmao

>now it's up a few cents and you think you're ahead
Up is up, yes.

[Anonymous No.5193903]

>>5193852
>>I can buy gold with my fiat
>>He doesn't value his alts in gold ounces
I'm the guy saying everything on this planet is valued in fiat.
Stop playing yourself.

[Moon Man !MoonManSDw No.5193936]

>>5193903
>Being too stupid to understand when your own argument is being used against itself.

[Anonymous No.5193979]

>>5193936
My argument is that everything on this planet is valued in fiat.
Including crypto.

[Moon Man !MoonManSDw No.5194041]

>>5193979
And multiple people have already explained why you are a retard masquerading as le master trader just because you won the crypto paralympics.

No one cares that YOU value everything in fiat. Thank god idiots like you aren't in real finance, you'd get fired in a second for trying to argue that under performing the S&P makes you a good trader lmao.

[Anonymous No.5194075]

>>5184963
Stop replying to this faggot shit bait, are you really all so retarded as to believe this? It's like 'buy high sell low' tier

[Anonymous No.5194103]

>>5194041
You can compare all you want, but fiat is how things are valued.
Also, you have this the other way around. People on this board keep saying you can only measure alts in sats.

[Anonymous No.5194254]

>>5194041
>No one cares that YOU value everything in fiat.
EVERYONE values crypto in fiat.

You know how one day you can buy more of an alt with your sats than on another day?
Wanna know why?
Because the sats became more valuable in fiat than the alt.

[Anonymous No.5194313]

>>5194254

Moon man's (retarded) point is that bitcoin will continue to go up, whilst alts will not. Increasing your fiat value means you made money but it doesn't mean you made a good trade.

Personally, I love my fiat value going up.

[Anonymous No.5194333]

>>5185071
It's when you make a bad trade and can't stand up anymore.

[Anonymous No.5194359]

>>5194313
>Increasing your fiat value means you made money but it doesn't mean you made a good trade.
That makes no sense

[Anonymous No.5194412]

>>5194359

When you buy an alt, you take a risk. If your sat value dropped but your fiat value increased, it would have been wiser to just pick the safer choice - Bitcoin.

[Anonymous No.5194445]

>>5194412
Well obviously.
But knowing that in advance takes hindsight.

[Anonymous No.5194485]

>>5193121
Following the masses always gets your burned. The only constant thing is change, just like BTC believers claim it will replace fiat because it is an "outdated" system and people should adjust. They make the same mistake by continuing to perpetuate the myth that BTC will always be the only important thing and as such should always be measured against BTC. The stupidity is truly unbelievable here. Remember brainlets:

There is nothing permanent except change.
t. Heraclitus

[Anonymous No.5194505]

>>5184963
Okay, this bait made my fucking day, thank you very much for this.

[Anonymous No.5194519]

>>5194445

The idea is that there are two types of traders. Non-competitive traders consider a trade good if they made money. A competitive trader is trying to "beat the market", i.e beat the growth of bitcoin. First wants raw numbers, second wants relative performance. (Relative performance reflects on your ability as a trader)

[Anonymous No.5194554]

>>5194445
>But knowing that in advance takes hindsight.

[Anonymous No.5194652]

>>5194519
At best, the comparison with BTC is secondary to fiat.

>>5194554
Yeah, I said it.