Bit of a newb question here, but it has to do with selling my altcoins. So I bought Ethereum when it was $200, and now I want to sell it. Make a nice little profit there.
But wait! Now bitcoin has gone up to $3100. When I bought the ETH, Bitcoin was only at about $2500.
Am I losing anything? Am I gaining anything? Or has nothing changed? This one is a bit of a mind bender for me.
In terms of bitcoin, you haven't really gained anything and maybe you lost some because there will still be fee. In terms of dollars though you gained. To determine if you really gained or lost, choose what you want to base your trading into, USD or BTC. That way you can really determine when to sell because you are in gain or not.