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Why You MUST Use Bitcoin ($BTC) Satoshi Value When Trading Altcoins!

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Our Analyst Marcus Koster explains the importance of using the /BTC vs /USD pairing when trading. Thank you all so much for watching. If you enjoy the video, please consider dropping a like and subscribing with post notifications on to be notified of our next one. ►Become a Patreon & Get Trade Alerts! https://www.patreon.com/snipers ►Join Our Team On Discord! https://discord.gg/hxMefH9 Got any questions? Feel free to leave them down in the comments below! Also connect with us on any platform you prefer for non-stop action! ►CONNECT! TWITTER: https://twitter.com/sniperstube FACEBOOK: https://www.facebook.com/sniperstube INSTAGRAM: https://www.instagram.com/sniperstube/ SNAPCHAT: https://www.snapchat.com/add/sniperstube STEEMIT: https://steemit.com/@snipers REDDIT: https://www.reddit.com/user/sniperstube/ PHONE/WHATSAPP: (321)-593-5016 ------------------------- ►REFRENCES! TradingView Chart: http://tradingview.go2cloud.org/SH1TG (Charts, Indicators) Disclaimer: The information from Naeem and any other SnipersTube affiliate/member is for informational purposes only. It should not be considered legal or financial advice. You should consult with a financial professional to determine what may be best for your individual needs. I don't make any guarantees or other promises as to any results that may be obtained from using my content/advice. No one should make any investment decision without first consulting his or her own financial adviser and conducting his or her own research and due diligence.
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Text Comments (68)
LegitLyricsPH (1 month ago)
this is slightly confusing to me but you made a it a bit more easier to grasp. please do more contents like this
J Constant (1 month ago)
I see a lot of times especially now in a bearmarket, for example today the altcoins where up around 6% Then btc went up 200 dollar in an hour. the altcoins stayed the same in dollars, but did not go up in satoshi. when will the alts go up in satoshi value?
dil 1979 (4 months ago)
So if I buy an alt coin when btc was $10,000 and btc goes down to $5000 should I buy more of that altcoin at $5000 or would that be detrimental.this is confusing
xSonn3x (5 months ago)
Call me dumb but i still don't get it. So, if i had sold one LTC for BTC when the price of LTC was 178.38$ (0.01816210 satosi), today when the price of LTC is 134,62$ (0.01602300 satosi) i will have 134.78$ not 178.38$ worthing satosi... That means 0,16$ profit for one litecoin... So i will be able to buy 1.13 LTC with that satosi... but i lost alot on money. If i had sold that one LTC for 178.38$, today when the price is 134.74$ i will be able to buy 1.33 LTC. So both ways when trading for BTC i lost fiat or alt. I am kind of new in this thing so don't judge me... :D
Traders Profit Club (5 months ago)
Thank you for sharing.
marc combs (6 months ago)
When I explain crypto trading and investing in this way to others from traditional markets, they are always confused a bit at first. They are used to working with valuation based on trading against a more relatively stagnant instrument such as the dollar or other fiat. None of the fiat are truly stagnant vs. each other, otherwise forex would not exist. But compared to crypto assets, fiat is quite stagnant. When trading as a long-term investor in bull cycles particularly, trading against Bitcoin is the way to go. Because if you are looking not to just trade, but also accumulate long-term positions, trading and valuation vs. Bitcoin is establishing Bitcoin as a sort of benchmark for your portfolio. And trading against bitcoin in bull cycles is an excellent indicator of whether you should be chasing a trade in an alt rather than just Bitcoin itself. I remember seeing ETH and LTC break ATH in dollar valuation, while simultaneously falling on the charts in valuation when charted vs. Bitcoin. When BTC really runs, the alts may be running as well, but be unable to keep up. Thanks Marcus
Traders Profit Club (6 months ago)
Interesting thought!
Al DeTrolio (7 months ago)
(This is what this video seems to indicate to me) ......if you look at coin market cap, (bitcoin-sitoshi value) stays pegged to most alts pretty closely. Occasionally when bitcoin has a break out or a bad fall, the gap closes or widens a little. But it's otherwise pretty parallel and steady. If your alt does a 10x in 6 months, and bitcoin only does a 2x, there is no way in hell that this sitoshi calculation will matter much. The alt would win easily. The thing that is more scary would be if you bought an alt when (bitcoin-sitoshi) was almost 20 grand and your alt suddenly 5x ed in that same week... then bitcoin drops to 10, but your alt was still mooning. In that case you would get CRUSHED trading back out to sitoshi to get your profits for that alt. You need bitcoin to be doing well when you cash out, and you should prefer (bitcoin-sitoshi) to be doing crappy when you buy your alt. I would not worry too much about the sitoshi value otherwise... because it stands to reason that it is the doubling, and the tripling and the 10xing and best of all the 100xing of the coin that makes you truly get wealthy.
ron Adarle (8 months ago)
My man Marcus! this just made sense to me just today since i first watched i last january 19th... whew...
Traders Profit Club (8 months ago)
Thank you for the feedback and for the support Ron! Watch out for more videos soon.
Sameer Patil (9 months ago)
Very well explained! Keep up the good work
Traders Profit Club (9 months ago)
Thank you so much Sameer, that means a lot. I am glad you are here!
Sean Dent (9 months ago)
Great video. Just what I was looking for but I do have 1 question if you could be so kind... I believe Ethereum will overtake Bitcoin in terms of market cap (rightly or wrongly that's what i think so please go with me here). In that scenario would I make more gains trading my Alt coins against ETH ? All alts I have at present are traded aginst BTC so I'm considering cashing them out and reinvesting in the same alt-coins only against Ethereum instead of Bitcoin. Many thanks & once again. Awesome vid!!! 👍🤗
Traders Profit Club (9 months ago)
Hello Sean. Yes, you would since that’s what you’re betting for. I would use the trading pair that you are actually trading. As long as you believe ethereum will be the store of value. BTW, thank you for the support!
PJ Hall (9 months ago)
Excellent video!!! THANK YOU!! It's hard to transition from thinking in USD to thinking in BTC but that is way you have to approach this as long as BTC maintains it's position as top of the food chain.
Luke1403 (9 months ago)
Very well explained and easy to understand. Thanks
Sally Sanford (9 months ago)
I've been wondering about this for some time. Very helpful to refer back to this video.THanks!
Kartik Sharma (9 months ago)
Top video! Thanks a lot for this.. couldn’t have come at a better time.. I was drawing out these scenarios myself.. you have definitely saved a lot of time for me :) Have to say al your videos are to the point and simple. Keep it up!
T P (9 months ago)
great video.. Thanks! trading Alt coins with BTC vs ETH.. At a time when BTC is performing poor compared to ETH does it make more sense for us to trade Alts with BTC? My logic is that if ETH is performing very well then the Alt coin performance against ETH is probably going to be weaker. If you go to CMC you'll see that there's a lot more Green for BTC value change of coins vs the ETH value change of the coins (a lot less green).
Gus Edgar. (9 months ago)
Sorry man, I'm a tad slow on the uptake & consequently lost.....
MJWorksEasy (9 months ago)
Awesome fuckn analysis.
Theo Triadafillos (9 months ago)
WHAT IF YOU TRADE IN ETH. SHOULD I USE ETH NUMBERS OR STILL BTC NUMBERS?
Gabriel Mathieu (9 months ago)
Awesome. I always learn something with you. Thank you
Nature of the Beast (9 months ago)
Good video, but I have to say I disagree. I think betting coins against bitcoin is going to become less and less effective and relevant. I just want to know it against the US dollar, and judge each coin separately, not against bitcoin.
philosophical inquirer (9 months ago)
I think its very deceptive, I have fallen for this trap numerous occasions. eg selling kucoin the other day at what was obviously and increased satoshi value and profit - but when I looked in dollars it was a loss. I'm like Eh ? I just PROFITED 8% in Satoshi but lost in dollars by some 2% ! ...of course, the value of bitcoin had fallen to the dollar - but I was profiting overall - I had more Satoshi than I started with.
Peter Gozenya (9 months ago)
Nature of the Beast any usd value is 100% tied to bitcoin price, i don't think you played along.
Eric Weinberg (9 months ago)
This is a great video. Thank you. Another reason to think in Satoshi is for the following: For now, you can't sell most alt coins to dollars, you must convert back to BTC then sell to dollars. Therefore, regardless of what the FIAT value of the Alt is doing (even if the ALT is going up in $s), if you sell the ALT for less BTC than you started with, you have less BTC to convert back to dollars. You would have been better off just keeping the BTC and not going into the ALT (opportunity cost). Digging deeper, if you are buying alt coin, it means you are selling BTC. This is taking a bearish position on BTC with respect to your Alt. It is like short selling.
Richard Vallis (9 months ago)
Great video thank you
Chris Loh (9 months ago)
I was thinking about the same thing today as i was trying to gauge the value of an alt coin. I kinda knew that one should be using BTC as units of value for alt coins but Marcus lay it out all the scenarios. Great video!
lukedragonslayer1 (9 months ago)
Well that video is a start for my understanding, however, I am unclear as to whether I am trading against BTC, meaning when my chosen coin goes up in value does that mean that I made a profit because I now own more of a bitcoin? or am I supposed to be happier when my chosen coin displays a higher dollar value? Again, if the coin goes up in dollar value and BTC is at that time going down in dollar value does that mean that I own more satoshis?
Crypto Gee (9 months ago)
Great video. This is super awesome. Love you bro
Tony Mai (9 months ago)
Tremendous value here. Thank you Marcus.
Mavendeavors ! (9 months ago)
FINALLY!!! I"ve been looking for 3 weeks for something to show this in charts. I didn't even know how to ask the question when correlating the USD to BTC to Alt coins. Bravo guys!!!! Great video. Thank you!!!
Saif Ansari (9 months ago)
This guy is putting me to sleep
hunter1801 (9 months ago)
I don't understand the first and third Bear images. In both situations BTC rises compared to cash and alts fall compared to BTC....but one has alts rising to cash, while the other falls.
Fatal Fury (9 months ago)
Very good, informative video
Sultan Shakir (9 months ago)
I like the signature sip of coffee. Lol. Makes perfect sense. Thank you.
Eric Johnson (9 months ago)
I don't get it.... If I look to take profit in fiat, why would I care about Satoshi's? I like the visuals but if I wanted to be in Bitcoin, I would have bought it instead right?... All I got from this was, sometimes Bitcoin goes up faster than Altcoins and sometimes not. What perspective did I miss?
philosophical inquirer (9 months ago)
Because your going to have to trade whatever alt coin BACK into bitcoin to cashout. Even if another coin is used to cashout - its valued in satoshi, (at least for now that even includes Etherium.) The conversion back to Tether occurs in Satoshi-Dollar value pairs, so ultimately, all you can do is make more satoshi to profit. MAYBE this might change in the mid-term future with Etherium or Neo becoming mainstream platforms - but not the case yet (a year or two ? who knows ?). ERC-20 tokens on the Eth blockchain/ICO's are strongly pegged to Etherium rather than bitcoin and therefore you will see them move parallel to Etherium - in this case, its useless to hold an IRC20 token if its value does not rise at an increased value to Etherium - might as well just have Etherium. Likewise, if the value is in exact parallel - then also useless having the second token - I often see this with OMG - just follows exact parallel. The ERC20 tokens can therefore be valued in Etherium to some degree. NOTE: YOU WILL SEE THIS ON THE DELTA PORTFOLIO APP - Tokens such as EOS, BNB etc have Ether symbol values NOT Bitcoin. Likewise, the NEO tokens will follow NEO to some degree (eg DBC, SelfKey). So in the near future - if bitcoin loses dominance, what could happen is NEO, ETH and BTC may become directly valued to the dollar. I did think this would be sooner - but judging by the market fall a few days ago - I doubt it. Why ? Because during the Christmas "corrections" the value of Ether kept rising and rising but Bitcoin was either falling or stable. i.e ETH beat BIT. So Bottom line - more satoshi = more money $$$
P.M Me Your Kitty! (9 months ago)
Eric Johnson Because by looking at satoshis and making sure you can get good deals or exits on your trades in satoshis then you can effectively increase your Bitcoin amount and accumulate more Bitcoin that way.
amazing content koster!
Mark (9 months ago)
Marcus, thanks for the education. I just recently started in December and am newer to Crypto. I saw somewhere if you sent ETH from Coinbase to another Exchange (Binance, Bittrex) & sold the Eth, the exchange would automatically convert it to Bitcoin. I am currently trading Bitcoin on Bittrex and ETH on Binance. Question: If I sold my ETH on Binance, would it automatically convert it to Bitcoin? Also, Here is my big question that I dont understand: Am I better off Trading in Bitcoin or Eth? It seems to me the Eth is possibly better. BTC seems like it get more volume & gains. On Bittrex, if I sell all my alts to Bitcoin, the BTC price is way down which is lowing my Alt gains (SInce my gains are paid in BTC). I am growing my BTC totals while the value of BTC currency is low. WHile ETH has had a great run in December. Thanks
Ruach Oosthuizen (9 months ago)
awsum video thanks Marcus
mungojelly (9 months ago)
bizarrely out of date no, don't watch btc values if you want to watch how much it's worth in bitcoin watch bch
Phil Dawe (9 months ago)
thank you sir!! your explanation here is gold. this usage of coin market cap you just opened up here is superior in overseeing which coins shine. and i enjoyed your usage of our mate MSpaint :) i will share this vid with friends. a Very Helpful explanation :)
djenrod (9 months ago)
Any thoughts on cryptopia's coin "cryptopiafeeshares" (CEFS)? There's not much info on them to date? Currently yielding about 10% ROI from some forums Cheers
Dante Martin (9 months ago)
Good video but I cannot follow the explanation. I dont understand the points he is making on how to predict this. I'll keep watching until i get it lol.
aa888zz (9 months ago)
Good video. The only thing is that people should stay away from tether. If people continue to use tether it will have a greater market impact when it crashes. If tether were to go down today, it would crash the whole market.
AussieTroy (9 months ago)
great information. terrible audio quality
MOVIE FLOOZIES (9 months ago)
Thanks for video keep up the good work.
jas obrien (9 months ago)
sound and logical advice thanks Marcus
Dani K (9 months ago)
Thank you!
luke mullett (9 months ago)
I just have the aim of one day turning my o.oooo's of bitcoin into 1btc.
Michael kim (9 months ago)
Great help!!
Phil Pecoraro (9 months ago)
Thanks- it’s seems faster and cheaper
Phil Pecoraro (9 months ago)
Should I use Ethereum or bitcoin when buying altcoins?
Fatal Fury (9 months ago)
Just be carefull! right now is quite expensive. has pumped a lot and theres a chance to drop like a stone .Right now all my funds are in euro ....i will rebuy the dip . the problem is if you look the 3 month marketcap chart theres a clear head and shoulder ,meaning thoose who have pumped prices lat 3 months now taking profits .Overall daily volume is also lame . 300 billion total marketcap is on table now....this is gonna be for the books now.
Sean Dent (9 months ago)
Fatal Fury my thoughts exacly. Been wondering what to do and thought that's the way to go but wasn't sure until just now reading your comment 👍 Got XLM/BTC & ENJ/BTC on Binance, would you agree i should cash them out as ETH & buy back the XLM & ENJ against ETH ?
Fatal Fury (9 months ago)
the reason i say this is beacause 90% of new projects are on eth token ...as these projects will develop (and it will in 2018 no question) ,will add value to ETH . the bigger it gets the more stable it will be, and people will start looking as a store of value . +ETH is on every exchange where BTC is so no problem there .TRUST and STABILITY are the key words for a store of value asset.ETH has both. I dont see HOW somebody can go wrong investing in ETH!
Traders Profit Club (9 months ago)
It’s not limited in quantity like bitcoin, why do you say that?
Ross Cramm (9 months ago)
why would i care about ethereum's satoshi value when you can trade directly to usd from eth?
Thx for speaking out the truth ! After making fiat usd. Mistake for years I only learned over 6 months ago n all changed! Namaste
Aaron Manning (9 months ago)
Thanks for the help Snipers!
Traders Profit Club (9 months ago)
Hey Snipers! If you ever REALLY wondered why you're using /BTC value instead of /USD value then Marcus Koster is going to be your favorite person today, give him some love as he explains the different options when trading in a bull/bear market! Our livestream will start around 11:30PM PST! ►Become a Patreon & Get Trade Alerts! https://www.patreon.com/snipers ►Join Our Team On Discord! https://discord.gg/hxMefH9
barshcools (9 months ago)
I could care less how altcoins relate to bitcoin. I only care how they relate to dollars. I'm not trying to earn bitcoin, I'm trying to earn dollars. Bitcoin is just another coin as far as I'm concerned. The technical analysis concepts covered on this channel are very good but it sucks for me that the charts are in satoshis and not dollars. As someone who only invests in altcoins, the price of bitcoin is irrelevant.
Texas NightOwl (9 months ago)
SnipersTube In summary, you use the BTC value of alt coins. BUT if bitcoin is down and alt coins are up you must look at $ value of Alt coins to see if you losing money.

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