[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 7 KB, 230x219, images.png [View same] [iqdb] [saucenao] [google]
5301159 No.5301159 [Reply] [Original]

>Measuring your alts in sats instead of ETH

Seriously, why do you all measure your alts/gains in an unusuable shitcoin that will crash anyway? ETH has at least some real value since you can do more with it than just send it around (well, even sending around is something Bitcoin can't do anymore...)
Most exchanges even offer you Alt/ETH trading pairs.
Next year ETH will pretty sure surpass Bitcoin.

>> No.5301181

>>5301159
>not measuring in XLM

>> No.5301223

You don't see many people measuring in sats or being BTC maximalists these days when BTC is on a steady decline and everything else, including BCASH, is gaining huge amounts. This is why you only measure FIAT because it is somewhat stable and not against some bubblecoin that always changes. You buy your house in FIAT, so you measure in FIAT if you want to have some rational, constant value and indicator of your wealth, if you are a non-retard.

Only idiotic cryptoanarchist elitists and teenagers who lurk in their basement think about measuring in BTC because they have no clue how the world works.

>> No.5301259

>>5301223
i can agree with this. when people cash out they cash out in dollars. They buy shit in dollars, they dont buy their lambos with btc

>> No.5301344

>Never measure in USD, brainlets! Satoshis!!!
Go down to burger king and ask how many satoshis for a #3 meal

Go to best buy and ask how many satoshis is a 60 inch tv

Satoshis are a meaningless abstraction, if your coin goes up vs usd, congrats, you profited

Sats aren't even good as a measuring stick for overall market performance given btcs volatility

>> No.5301432

>>5301344
>>5301159
>ETH has at least some real value since you can do more with it than just send it around (well, even sending around is something Bitcoin can't do anymore...)
So maybe you should measure your gains in US dollars...

>Satoshis are a meaningless abstraction, if your coin goes up vs usd, congrats, you profited
This.

>> No.5301589

>>5301432
>>5301223
USD also is a unit that keeps declining in worth (Just like Euros, Rubels etc.). The only smart thing is measuring your wealth in something that is stable or will undeniably rise in worth. And there are always some assets that are stable or will undeniably rise in worth. In these times that would be gold and Ether.

>> No.5301685

>>5301589
That is why i said "somewhat stable". And it is. More than gold, which also had a big crash some years back. The change in USD value is easy to measure and factor in. And that is the reason what the currency is for: to have a constant value you can reference to. Also something that undeniably rises in worth is not fit to be a currency to be measured against because it causes lots of inconvenience. Nobody ever uses anything that constantly rises in worth without fail, so it is no longer fitting the concept of "currency".

No cryptocurrency will ever be fit for daily life until this issue is solved and the market will remain a purely speculative asset in your portfolio until this day.