Re: Dogecoin price shows Bullish Momentum in Bear Market
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.
Unless you're trading your alts for USD, then you and everyone else is doing this. Why would you want to even trade your altcoins for USD? The price of USD is locked. It's never going to move. Increase your position in Bitcoin and you have made a successful trade. Whether the price of Bitcoin has went up or down during the span of the trade, you're still successful in that trade if you made even a 1 Satoshi profit.
Idon't understand what do you mean that price of USD is locked? Actually is moving if we compare it for example with EUR or JPY. Maybe only people that live in US where it is the national currency may have the impression that the price of the dollar is not changing.
About the Doge.. What change?
Price in $ now: 0,002712
Price in $ 24h ago: 0,002691
(source Coinmarketcap)
Change $0,000021 .. Really?
