Post
Topic
Board Speculation (Altcoins)
Re: Dogecoin price shows Bullish Momentum in Bear Market
by
Red-Apple
on 12/11/2019, 14:09:00 UTC
it is ok to be a newbie in the altcoin market and confuse a tiny price fluctuation with a "bullish" movement but it is not ok to write up an entire article about it and advertise that here.

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.
nearly 99% of all the traders in this market are doing the exact same thing. nobody wants to increase their USD, they all want to make profit on their BTC and increase that. if for example you have 1 BTC today and it is worth $8000 if you can increase your BTC to 2 and it is worth $80000 in a year you have not just doubled your money, you have increased it by $152,000.
now if you invested $8000 and doubled that you only get $16,000! and that is only IF you make a profit which is near impossible with altcoins.