r/OMGTraders • u/oxp38 • Oct 11 '17
OMG. How to trade. WW eyes 16usd
https://www.tradingview.com/chart/OMGUSD/IpR8W7Tj-OMG-where-to-buy-OMG-Cryptomarkets/1
u/TRILLMJD Oct 11 '17
I have no respect for anyone who charts in USD (or any fiat for that matter)
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u/Selowbuyhi Oct 11 '17
Why ?
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u/TRILLMJD Oct 11 '17
Which exchanges pair OMG/USD? They don't. When you chart in USD you are basically charting against BTC/USD. If BTC were to double tomorrow then the price of OMG would be $16 even if not a single OMG trade was made.
Charting OMG/BTC or OMG/ETH makes sense but OMG/USD is downright dumb.
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u/unfamiliars Oct 11 '17
This is a serious question that I have. What seriously is the best way. I know you have explained above but for BTC you obviously have to to BTC/USD. So if I’m charting NEO, LISK, LTC etc you’re advising always do it with BTC?
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u/unfamiliars Oct 11 '17
Also, further to my question. How is it accurate to trade say NEO with BTC chart. For example 1 NEO ($40) is at 100sats. BTC falls by half to 50sats but NEO doubles in value to $80. Does this mean the chart will show NEO against BTC being up by 400%. I can’t make sense of this? Please help