BTC price is much more important than USD price

[lyks15]

For me USD price is doesn't matter because even it has a sudden changes you don't have to worry because it change a little. And for those who are holding only a small amount of coin you don't have to worry to USD price change because it is only a cents and if you are holding a huge amount of coin I think this is all about strategy. You need to wait to price value increase of USD also because even a cent affect your income.

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[2tang]

I think that is the same because when there is a coin that is high in USD then the price of the coin will also be high in BTC especially when the BTC price drops, and vice versa if the coin price is low at USD then the price will also be low in BTC especially when BTC increases

[sherenikaw]

I think so too. Most altcoins prices are based on the price of Bitcoin, not on USD. In this case, it has something to do with USD and other currencies. But in terms of investment and trading in the crypto world, Bitcoin has more influence. But of course, it does not mean if the price of the USD does not give effect. Because basically we also use the benchmark USD when calculating or cashing out.

[OrangeSeller]

When people discuss crypto prices, they always do so in relation to the US dollar, however this should only be correct when discussing Bitcoin - for alts the more important metric is their price in BTC.
Why? Because it indicates their performance relative to Bitcoin, so if Bitcoin rises and alts rise too, the first thing that you have to look at is their price change in BTC - when it's negative, it means that BTC outperforms them, and the opposite if it's positive.
Bitcoin is often called the king of crypto, and rightfully so - it's more stable, more safe, has higher volumes than any other coins, so when you invest in alts, you absolutely want them to outperform BTC, otherwise you are taking unjustifiable risks and get lower profits.

I believe that it is normal that the price of bitcoin is being compared with that of USD for now because this is the best way we could be able to get the exact worth of bitcoin since bitcoin itself is not so recognized in the world as a currency, but I believe in just a few years to come when the price of bitcoin have gotten to $100,000,000 because the value of fiat would have been ran down to nothing, then we are going to just depend on the value of bitcoin and it's smallest unit (“satoshi”).

[Burogh]

When people discuss crypto prices, they always do so in relation to the US dollar, however this should only be correct when discussing Bitcoin - for alts the more important metric is their price in BTC.
Why? Because it indicates their performance relative to Bitcoin, so if Bitcoin rises and alts rise too, the first thing that you have to look at is their price change in BTC - when it's negative, it means that BTC outperforms them, and the opposite if it's positive.
Bitcoin is often called the king of crypto, and rightfully so - it's more stable, more safe, has higher volumes than any other coins, so when you invest in alts, you absolutely want them to outperform BTC, otherwise you are taking unjustifiable risks and get lower profits.

I am agree with this. We are buying altcoin because we think we can double our bitcoin and i think its much important when we see rising altcoin price againts bitcoin rather than US Dollar. Most altcoin price base on USD rising because bitcoin price rising againts USD and i think i am agree we should pay attention to altcoin againts btc

[Fredomago]

I think so too. Most altcoins prices are based on the price of Bitcoin, not on USD. In this case, it has something to do with USD and other currencies. But in terms of investment and trading in the crypto world, Bitcoin has more influence. But of course, it does not mean if the price of the USD does not give effect. Because basically we also use the benchmark USD when calculating or cashing out.

That's what most of the time that we do, we always invest in bitcoin not in usd so we are calculating our investment in bitcoin pair but when we are calculating our profits we are using the USD value for much satisfying profits.

[bigcash2011]

This is very important point but unfortunately even the good coins that survived the long bear market are still way down in terms of btc from the time of previous bull run i think it will take time for alts to recover and only good ones with quality product development will move forward.

[BitcoinHodler]

the worst part is that most of the investors specially those on this forum speaking about it and all those who are using altcoin exchanges are using bitcoin to buy and sell altcoins!!! in fact nearly all the altcoin exchanges only have bitcoin as their base market then have other altcoins like tether as  the secondary market!
so it doesn't even make sense to talk about USD value of something that you didn't even buy with USD and you will never sell to USD!!!

[Dellosoft]

There is great sense in this post. It's high time people stopped checking prices of altcoins in dollar value. I had a similar argument sometime ago in a crypto group, and most folks were like, forget it, we are only concerned about the USD worth. Everything being equal, USD worth for alts still depend on USD worth for BTC, hence satoshi value overrules when talking about worth of altcoins.

[mrdeposit]

Yeah, you are right. But, we only calculate the price of small altcoins with btc, maybe we got used to.
Even, all the technical analysis should be done with the price of btc.

[CLywaTeLb]

This is what I said about ethereum all the time. Most of the time from February there was a drop in ETH/BTC. At the same time, the price of the ETH/dollar has increased. Now, when the price of Bitcoin corrected, ethereum is experiencing a sharp decline in price.

Nevertheless, I believe that the price analysis should be carried out both in relation to the underlying asset of the industry, and to the dollar. The reason for this is that the cryptoindustry is not yet self-sufficient.

[Christinebeauty]

What you are saying is true and I noticed it today when I realized all the altcoins were reducing in price drastically following a significant drop in the price of BTC. Bitcoin is truly the King of crypto

[diazepam666]

I will not say like op but we need to give equal importance to the bitcoin market as well. That is the reason we people are seeing the huge amount list including bitcoin as a separate market for it.

Then most conversion part for any cryptos also we can see the bitcoin and USDT are at main place.

[pixie85]

People should stop relying on stablecoins and instead use BTC to measure the value. It used to be like that in the old days when people were dumping alts for btc in the bear market because they were dumping much harder and not all exchanges allowed you to sell for fiat. The markets were more interesting back then.

I like how altcoins are lagging behind bitcoin all the time when it pumps but dump at the same time

[neonshium]

really I agree with you.
up and down the price of a coin is a rhythm that must be there. but the risk of loss in investing other than bitcoin is greater because it is difficult to outperform Bitcoin itself

It is important to consider the statement for any currency you have invested in such Bitcoin, USD, and euro and pounds etc. You will have the risk of decrease in price in any currency or coin as there might be a decrease in your cost price that results in loss. Therefore, we need to hold the currency till its price does not appear high in the market. Most of the investors are trying to hold Bitcoins some more time.

[veraro]

I think both BTC and USD price are important. When it discusses about crypto and altcoins it probably more right to use BTC price. But the price of BTC we count in USD. When we inside crypto market have deal with crypto it is ok to count in BTC but when we withdraw crypto in cash we make it in USD. So both BTC and USD price should be used in same time.

[guoyu78]

it is coinmarketcap.com's fault because all the newbies check that website and the default value is in USD so these newbies who don't even trade, think their bags of altcoins are increasing in value whereas in reality they have lost money because initially they bought those altcoins with their precious bitcoin so for example if a newbie had 0.1BTC worth $300 and bought an altcion with that, the said altcoin is worth higher in USD but if he converts it back to get his bitcoin back he will only get 0.01-0.02BTC and that is currently worth $80-$160 so he is in a huge loss.

Not just thins but there is more to the drama. The rise in the value of ETH they hodl might not be a real rise in the value of ETH but a fall in the value of USD. The economic activity that is the demand and supply might still be in equilibrium but ETH might be gaining crazy weight and this would mean that holding the assumption of citrus Paribas, it would be a reduction in the value of Bitcoin that would look ETH over-weighed.

[efxtrader]

it is coinmarketcap.com's fault because all the newbies check that website and the default value is in USD so these newbies who don't even trade, think their bags of altcoins are increasing in value whereas in reality they have lost money because initially they bought those altcoins with their precious bitcoin so for example if a newbie had 0.1BTC worth $300 and bought an altcion with that, the said altcoin is worth higher in USD but if he converts it back to get his bitcoin back he will only get 0.01-0.02BTC and that is currently worth $80-$160 so he is in a huge loss.

Not just thins but there is more to the drama. The rise in the value of ETH they hodl might not be a real rise in the value of ETH but a fall in the value of USD. The economic activity that is the demand and supply might still be in equilibrium but ETH might be gaining crazy weight and this would mean that holding the assumption of citrus Paribas, it would be a reduction in the value of Bitcoin that would look ETH over-weighed.

Agree, ethereum price rising recently because bitcoin price rising but againts bitcoin, ethereum still decline. Most investor always looking on USD price because its easier to recognize but the real investment is on bitcoin price because bitcoin is main cryptocurrency in market

[anume123]

You can't compare cryptocurrency coins from real money. Because there's will be a huge problem if your cents moves to its price from high to low like btc its very hard to calculate those USD.

[fosco333]

When people discuss crypto prices, they always do so in relation to the US dollar, however this should only be correct when discussing Bitcoin - for alts the more important metric is their price in BTC.
Why? Because it indicates their performance relative to Bitcoin, so if Bitcoin rises and alts rise too, the first thing that you have to look at is their price change in BTC - when it's negative, it means that BTC outperforms them, and the opposite if it's positive.
Bitcoin is often called the king of crypto, and rightfully so - it's more stable, more safe, has higher volumes than any other coins, so when you invest in alts, you absolutely want them to outperform BTC, otherwise you are taking unjustifiable risks and get lower profits.

Well, there are many traders that using altcoins - USDT pair to trading in several exchanges.
And sometimes investors want to investing their fiat money (USD/EUR/etc), to buying some coins.
That's why we usually relating the altcoins price to USD price.