Trading Alts - comparing USD vs BTC?

[CryptoDude2727]

Noob to trading here...don't worry starting really small.  

Maybe a dumb question, but do people looking at alt coins compare them to USD?  I mean you can't directly cash out into USD (except maybe ETH and a couple of others?)...so basically you're always at the mercy the way BTC is moving.  USD is more stable and you can get a true sense of how the alt coin is moving, but is that essentially irrelevant?  

So in general do people only look at the alt coin to BTC?  It puts another layer of challenge with how volatile BTC can be at times.  

[Mark02]

Noob to trading here...don't worry starting really small.  

Maybe a dumb question, but do people looking at alt coins compare them to USD?  I mean you can't directly cash out into USD (except maybe ETH and a couple of others?)...so basically you're always at the mercy the way BTC is moving.  USD is more stable and you can get a true sense of how the alt coin is moving, but is that essentially irrelevant?  

So in general do people only look at the alt coin to BTC?  It puts another layer of challenge with how volatile BTC can be at times.  

What you are saying is possible. You can trade Altcoins with USD. BUT, most of us traders prefer trading Altcoins with Bitcoins rather than USD. Direct speaking, means that transactions with ALT>BTC is faster than ALT>USD because a lot of trader prefer to trade in Bitcoin. Now in terms of profit, I think it is just the same since the price of bitcoin relies on the USD with just small fluctuations.

Lastly, you can see that when you withdraw your balance in a trading site you are using. Bitcoin has more cheaper fee rather than USD. So, I prefer trading ALT>BTC.

[CryptoDude2727]

Noob to trading here...don't worry starting really small.  

Maybe a dumb question, but do people looking at alt coins compare them to USD?  I mean you can't directly cash out into USD (except maybe ETH and a couple of others?)...so basically you're always at the mercy the way BTC is moving.  USD is more stable and you can get a true sense of how the alt coin is moving, but is that essentially irrelevant?  

So in general do people only look at the alt coin to BTC?  It puts another layer of challenge with how volatile BTC can be at times.  

What you are saying is possible. You can trade Altcoins with USD. BUT, most of us traders prefer trading Altcoins with Bitcoins rather than USD. Direct speaking, means that transactions with ALT>BTC is faster than ALT>USD because a lot of trader prefer to trade in Bitcoin. Now in terms of profit, I think it is just the same since the price of bitcoin relies on the USD with just small fluctuations.

Lastly, you can see that when you withdraw your balance in a trading site you are using. Bitcoin has more cheaper fee rather than USD. So, I prefer trading ALT>BTC.

Thanks for the response.  What exchange can you trade most alt coins directly into USD?

Disagree a bit on your thoughts on BTC (if I'm interpreting it right).  Bitcoin can be highly volatile as compared to USD...and definitely acts independent.

Let's say you buy an alt coin and it goes up a quick 7% to USD...but BTC goes up 8%.  Obviously in this scenario you'd lose out having to go through BTC  (whereas if you could cash out directly into USD you could take the 7% profit).  

Maybe it doesn't happen that much?

But you log onto place like coinmarketcap.com and it defaults to USD...but why would anyone look at that if they have to trade back into BTC?  You could have a profit against USD but a loss against BTC.  Or what am I missing on the USD side?  

[JeffBrad12]

Thanks for the response.  What exchange can you trade most alt coins directly into USD?

It's just depending what are you interesting for. mostly they using the exchange site with high demand.

Disagree a bit on your thoughts on BTC (if I'm interpreting it right).  Bitcoin can be highly volatile as compared to USD...and definitely acts independent.

It's not relevant for Comparing USD with BTC, USD are pure standing value for bitcoin.

Let's say you buy an alt coin and it goes up a quick 7% to USD...but BTC goes up 8%.  Obviously in this scenario you'd lose out having to go through BTC  (whereas if you could cash out directly into USD you could take the 7% profit).  

Maybe it doesn't happen that much?

Nope, Obviously there's no difference between the price for your alt pair into BTC and usd. USD = BTC, i mean even you are trying for direct trading alt coins into the USD that's different will not you're trading into BTC.

But you log onto place like coinmarketcap.com and it defaults to USD...but why would anyone look at that if they have to trade back into BTC?  You could have a profit against USD but a loss against BTC.  Or what am I missing on the USD side?  

I wanna assuming you are selling your altcoin (ETH) at the price 0.015BTC and the same will result if you're Also trying for sell them for USD in the direct form.
the price of alt coin in BTC are equal with USD, and of you're trading your altcoins in USD are same like trading into the USD , and that's why the most people are interested in trading in the BTC from, the caused by they can convert into the various coins and the freedom of usefulness bitcoin are so large because the traders are feeling more easiest for trade their btc into some kind of altcoin.

[amacar2]

Most of the high volume alts also have USD based market along with bitcoin and it is true that alts having USD-ALT pair doesn't mean that price will be stable. For an example if you look at ETH, XMR or even ZEC their price is also volatile just like other alts only having bitcoin based market. So basic rule applies to all alt that when bitcoin price is puping alt will be dumping and when price of bitcoin will see correction or stable altcoin price will be on green side.

[BTCLovingDude]

Noob to trading here...don't worry starting really small. 

Maybe a dumb question, but do people looking at alt coins compare them to USD?  I mean you can't directly cash out into USD (except maybe ETH and a couple of others?)...so basically you're always at the mercy the way BTC is moving.  USD is more stable and you can get a true sense of how the alt coin is moving, but is that essentially irrelevant?   

So in general do people only look at the alt coin to BTC?  It puts another layer of challenge with how volatile BTC can be at times. 

only the popular altcoins which will be listed on certain exchanges will be traded against both bitcoin and USD. these exchanges are those top exchanges that have BTC/USD pair.

and about the price, when these altcoins are traded with bot bitcoin and USD there will be a connected (one way) between bitcoin price and their price which will in turn go down if bitcoin goes up and vice versa.

but other should not be affected by bitcoin price since there is no USD relations but what happens is that they are affected because people will stop trading these coins and the demand drops so price goes down.