Newbie here. Can someone please explain the difference between the BTC vs USD value for altcoins?
Hi guys,
Just getting into buying altcoins and it's a bit confusing to me because I'm used to investing with USD (which is quite stable and stays the same value). Since I am buying altcoins with BTC (which changes value every second), it takes a bit more thinking to see the value.
I understand that if I buy an altcoin at 50 cents a coin and goes up to 55 cents a coin, I not have made 5 cents a coin (USD). But let's say Bitcoin went down a lot during this time. This technically means I lost money right? Because i have to sell the altcoin for bitcoin, to get back to USD?
On a side note, I'm looking at these graphs. Why is it the at some points, the BTC price is above the USD price, and at other points it drops below?
I feel like I understand 90% but just need someone to explain things well to me and I will be golden.
Thanks!
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