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Title: CoinMarketCap Graph meaning Post by: Phalo on December 14, 2017, 03:31:27 PM What does it mean when coinmarketcap graphs are like this. The orange is the btc price and the green is the usd price. When the orange is above the green, does it mean its better to buy with USD?
https://i.imgur.com/uNfplHk.jpg Title: Re: CoinMarketCap Graph meaning Post by: Phalo on December 14, 2017, 06:47:44 PM Should I then assume noone has the answer?
Title: Re: CoinMarketCap Graph meaning Post by: chukaday on December 14, 2017, 06:53:48 PM Should I then assume noone has the answer? Lol no you shouldn't assume that. What you should assume is everyone has the answer and your question is childish and nobody took the time to answer you. How to I put this they are the same price at the same time there is zero difference if you buy in USD or BTC. All it means is that one is the satoshi price and once is the USD price. There is no discount for buying in fiat or BTC. The only way you can decipher if it is better to buy with USD is if you go to an altcoin>markets> then under price it has a discrepancy. That is what tells you the price. Title: Re: CoinMarketCap Graph meaning Post by: shursight on December 14, 2017, 06:56:22 PM You have it explained next to the graph, you do not even need to be answered because you had the answer next to the graph..
What does it mean when coinmarketcap graphs are like this. The orange is the btc price and the green is the usd price. When the orange is above the green, does it mean its better to buy with USD? The price in green, is the US dollar value, and the price in orange, is the BTC value. You can easily compared them, it means that the usd value has increased, but maybe the btc value has probably be the same. The same happens with all the other altcoins, there is no difference if you buy with fiat or with bitcoin, it is always going to be the same. Title: Re: CoinMarketCap Graph meaning Post by: Phalo on December 15, 2017, 04:24:53 AM Thank you very much for the clarity. I wasn't 100% sure, hence I asked.
Title: Re: CoinMarketCap Graph meaning Post by: pooya87 on December 15, 2017, 04:43:46 AM does it mean its better to buy with USD? it could have meant that if the "movements" were not similar. if you zoom in you can see that price moves are almost identical against both currencies. of course exceptions apply in some cases like the middle of the graph (7 Dec) when the price against BTC is dropping much harder than price against USD. so you have to decide, do you want profit on your BTC or do you want profit on your USD? Should I then assume noone has the answer? no, you should have posted this in trading discussion board :PTitle: Re: CoinMarketCap Graph meaning Post by: Phalo on December 15, 2017, 08:41:52 AM does it mean its better to buy with USD? it could have meant that if the "movements" were not similar. if you zoom in you can see that price moves are almost identical against both currencies. of course exceptions apply in some cases like the middle of the graph (7 Dec) when the price against BTC is dropping much harder than price against USD. so you have to decide, do you want profit on your BTC or do you want profit on your USD? Ahhh ..Now it all makes sense. So in that case it would be better to take profits in USD. no, you should have posted this in trading discussion board :P :D :D Thank you. You are correct, i should have posted there. I will remember that next time. |
