Post
Topic
Board Speculation (Altcoins)
Re: Dogecoin price shows Bullish Momentum in Bear Market
by
TGD
on 12/11/2019, 14:04:56 UTC

Dogecoin indicated a massive degree of bullish conduct in the previous 24 hours when it figured out how to climb an aggregate of 0.08%, it arrived at the imprint at $0.002731 from the beginning of exchange at 0.002715.


0.08% is barely any movement at all. Are you seriously fussing about a movement of $0.000016? Even a 1 satoshi movement would be at least 2.2%

yes you're right, it doesn't even move at all. Even though the price of the doge is cheap, $0.000016 won't have a big impact. I think the article was too excessive in seeing the development of doge prices. in my opinion the best reference for seeing doge prices is to use satosi compared to usd.

It depends on the traders perspective. I don't usually base my rate on USD when I'm trading altcoin. I'm always using BTC as base currency so that my trading gauge will not be affected if ever the price of BTC drop or gains. A gain in BTC value is a good sign that altcoin price is really moving. Unlike if its only the USD price because its just the effect of BTC changing value not the altcoin itself.