Date: January 10th, 2018 3:20 PM Author: Hairraiser pit
When Bloom token lists on Binance, I'm going to Whole foods to buy uncured bacon and organic bread so I can fuck a fancy B.L.T. to climax as the price launches into the ether.
Date: January 10th, 2018 6:41 PM Author: Red corner
I meant more that they are worth dollars. Who gives a shit if a trade netted me 20% more btc if it's price just plummeted?
IMO until btc is usable it's fiat value is extremely important. That's not to discount the point you made that the success of an alt/shitcoin trade should be measured in satoshis.
Date: January 10th, 2018 6:38 PM Author: Hairraiser pit
Sorry, but that's real retarded, sir. Following this rule will lead to absurdly bad investment decisions.
For example, six months ago you participate in the FAGcoin ICO, where 1 ETH gets you exactly 1 FAGcoin. Today, FAGcoin is finally listed on Binance, and you spot it for .9 ETH. "LOWER THAN ICO, WHAT A STEAL!" you squeal with glee. Except in the interim, ETH has risen from $300 to $1200. So you just paid approximately 4x as much, in real dollars for your new FAGcoin.
Also, to even determine whether ETH is out pacing the Alt coins, you must look at... Real dollars.
This plays out in actuality all the time if you set buy and sell orders. If you set a sell order and ETH drops, for instance, you could end up giving someone an extremely "cheap" coin.