BTC rise has been killing the profits on Alt Coins. As we all know, we need to look at the Sat value of an Alt Coin, rather than the dollar value.

$ value means nothing when you have to eventually cash that Alt Coin into BTC in order to take a profit.

I’m looking at the sat value of all the major coins and nothing has kept up with BTC, especially these last few months.

I know it’s an unprecedented run we’re seeing from BTC, but if it keeps it up then I don’t see a legitimate strategy other than simply holding BTC.

Lots of people I know think they’re making profits (they are in $ terms), but will get a rude awakening when they come to cash out and have to go through the king (aka BTC).

So let’s get this straight. As far as selling Alt Coins for profit, looking at them in dollar value terms is just plain wrong.

Okay, got that. If I want to eventually cash alt coins out, what I’m still confused about is the following:

  • When it comes to buying a coin all that matters is sat value, right (not dollar value)? As in, I may get more, say, NEO for my money when it’s at $35 today than I did two months ago when it was at $25?
  • Can we simply sell to another fiat gateway other than BTC (like ETH or LTC) and take profits through that? And will that be more profitable?

For example, say we’re talking NEO here. NEO has dropped significantly vs BTC but not too much vs ETH.

Is that a good tactic then – just sell NEO in ETH instead of BTC (and then cash out in ETH via something like Coinbase).

  • Is another workaround just to wait until BTC dips and then take Alt Coin profits? Makes sense on some level, but as we all know alts bleed out too when BTC tanks.

Until there’s a way to cash out directly into $$ (or other fiat currencies), I don’t see this situation improving.

This is something I don’t see getting discussed much. It’s a major issue as tonnes and tonnes of people are getting killed and they don’t even realize it.

They’re measuring their portfolios by dollar value and won’t even realize they’re down until they come to cash out.

Fact is: If your alt coin holdings aren’t growing in sat value (VERY few are longterm), then you’re losing money…by not holding that money in BTC.