Hello everyone!
I’m new to the crypto world and I’m trying to understand one of the most important metrics in crypto – the X to BTC ratio. Can anyone explain what this ratio is and why it’s so important?
I understand that it’s a measure of the relative value of one cryptocurrency to another, but I’m not sure how to interpret it. Any help would be greatly appreciated!
Thanks!
I didn’t understand much, but this means bitcoin go up right? I agree.
Nice angel to look at it OP, thanks 🙏
It’s a good way to check the opportunity costs, in most cases (>95% the best thing to do is buying BTC anyway).
Good info, especially for the newcomers who get fixated on fiat value. Always measure your crypto in Sats or in comparison to BTC because that’s the benchmark for all projects. BTC largely drives the market still and is essentially synonymous with all of crypto.
This is a great indicator and point of reference that I didn’t even consider. This will be handy in the future once the bear market has ended
Bitcoin outperforms most alts during a bear market. DCA into bitcoin and shitpost for moons and you have a winning combination there
Also, you can check Bitcoin dominance chart. With it, you’ll see that it’s almost useless holding the average altcoin in the bear market. BTC/ETH will always outperform them
Alts always swing much more wildly in both bear and bull runs. When BTC goes to 100k which is around 4x it’s current value many alts will go much higher than 4x their current values.
The challenge is to figure which these alts are going to be and not end up being bag holders.
Nice post with useful info. This is a key metric to look at, especially if you plan to take profits from alts into BTC at some point
Moons is out performing BTC. That’s good to hear. I think it will continue to do so for a long time.
This is one of the indicators I completely ignored in the last bullrun, I went all-in on Alts, even when it was clear we were going into a bear market.
Looking back, I should have converted everything into BTC way earlier, I won’t make the same mistake twice.
I will likely never hold a shitcoin long term again. And by shitcoin I mean basically every coin except maybe 5-6. I really don’t care how many have Good Tech™ or “look promising”. What i’ve realized during this bear market personally is that shitcoins are meant to be traded, not held. Get in and get out.
So the moral of the story is to always check the X to moons ratio
And the crazy thing is all altcoins are pretty much going down on their Bitcoin pair.
What about the liver to BTC ratio, I need to know when to sell mine
Nice!
You had to mention $ADA. I already have enough nightmares about $ADA.
Great post. This is why Bitcoin and chill is the best move in crypto. Altcoins are all distraction
Fantastic post OP, thanks for making it
Why every TA post gotta use the Algo punching bag 😅
I don’t like this method, because the X is really fucking bad.
BTC about to be my only investment from here on out.
Will always be second to the most important metric: The X to D ratio. XD
BTC just wins against most alts in the long run
The day we stop comparing it to fiat , will be the day btc will soar
Who will outperform BTC win the game !
TRX/BTC looks primed for breakout after 4 years. One of the prettiest charts in crypto. 👀
True. That’s why I always pair my alts with BTC rather than USD to gauge their performance.
Only thing I’m holding equal or greater than BTC is Maker and Inj.
I feel attacked. Holding both ALGO and ADA on red.
People look at it in terms of fiat value because that’s what people care about.
So you’re saying buy more moons? Got ya. 👍
Thinking purely in BTC, I like it!
I already know I screwed up by not buying only bitcoin from 22 on.
I don’t even want to know how much