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r/CryptoCurrencySee Comment

Stop valuing your alt portfolio in USD, value it against bitcoin. How do you do that? Look at charts that take your alt's price and divides it against BTC. Examples: ETH/BTC, SOL/BTC, ADA/BTC, etc... This allows you track which went up faster: your alt coin, or BTC. Example: ALTX (made up altcoin) is $1k, BTC 50k for a ATLX/BTC ratio of 0.02. The BTC ETF gets announced, and BTC goes to 100k and ALTX price stays the same, now you're looking at a ALTX ratio of 0.01, where ALTX lost half it's value against BTC, which would show as a downward trend on the ALTX/BTC chart. If you're in alts, ALWAYS look at your ALT/BTC pairing chart and make sure it has favorable upside, otherwise you might as well be in BTC and carry a lot less risk.