How do you measure altcoin value? Do you measure it in terms of bitcoin, or in terms of USD? Which is more important to you?
always in terms of bitcoin because if i do so i will be making twice the profit that i can make because i make profit on the bitcoin i invest and then bitcoin price rises in USD and i make another profit there too.
and when i check the volume of different markets it seems to me like the alt/BTC market has a lot more volume than the alt/USD market so i guess most people are the same.
Asking this because, one can have huge profit in terms of USD in alts and at the same time, a huge loss in terms of bitcoin.
So which one is it for you? Especially in trading of course.
actually you are missing out on bitcoin rise if you think like that so you are in fact losing money.
for example bitcoin goes up from $5000 to $7000 but the altcoin keeps the price at $200 and at best goes to $210 so you kept your fiat's worth but you missed out on the bitcoin rise so you lost money in fact by holding the altcoin.