I suppose I could compare (coin) vs USD - if the chart goes up, that means BTC has gained more value compared to the USD in that time frame.
So I suppose I can sort of figure that out, but how do we know which coin is gaining value over another in a chart like this? The first name in the pair is what value we’re charting?
So in this case since it’s ETHBTC, we’re seeing ETH’s value charted in comparison to the base (BTC)? I guess that makes sense when I talk it out like that. I’ve just always traded against USD, for the most part.
Am I correct in what I said? If so, you may have just opened my eyes to something brand new to me that I never understood before.
So to answer ur question more specifically, although investments in alts might be earning u dollars... the could be loosing u bitcoin and thus potential dollar returns if fiat is really ur end game! Hope that helps answer ur question and sheds some light on the subject!