Hi
I have just started trading coins on BINANCE and have maybe a thick question.
Binance trade altcoins into btc and vice versa which has confused me because....
If for example I am trading DASH which is rising in price as BTC falls, is any profit i make on Dash rising balanced out by BTC falling as ultimately it will need to get traded back into BTC?
L
I will have an example.
You spend $ 100 to buy 0.01 Bitcoin. then you use 0.01 Bitcoin to buy 20 Dash.
After 1 day, Dash's price increased by 10% but the price of BTC did not increase nor decrease.
then, with 20 Dash, you will buy 0.011 Bitcoin instead of 0.01 Bitcoin.