Get Started In Crypto In Full Beginners Guide Part 03
these coins fail to put in a higher high in the following cycle now what's important about this is you may look at this thinking that well this is a super strong candidate and you should be buying and holding this for the long run but this is where the magic comes in I want you to to go through to the top section over here and click on the settings and then you're going to Pivot and change the currency into Bitcoin so under that you'll click over there BTC change that through to bitcoin once you
click on bitcoin it's now denominating it in Bitcoin terms which means it will show you is this coin better to hold than what Bitcoin is or should you rather just be holding Bitcoin or looking for something stronger well if you scroll down and you have a look at the actual chart it tells you everything you need to know and this is the story right it did perform well against Bitcoin in 2017 and again in 2018 but ever since then it's just been bleeding out against Bitcoin losing in its Bitcoin denominated terms which means
that you would have been better off just holding Bitcoin so although when you look at the USD value it looked pretty good and you might even think to yourself right now this is something to hold it's telling you a different story in Bitcoin terms you're actually losing money and you should rather be holding Bitcoin now of course you can do exactly the same thing when comparing against ethereum and the reason that we do this is simply because Bitcoin and ethereum are the Blue Chips of the crypto market
and they're ultimately going to be your safer place so if we move over here to Ether and we click over there we're now measuring in ethereum terms and you're seeing very much the same picture over here in ethereum terms it continues to bleed towards the downside thus proving and showing you that you're better off just holding either Bitcoin or ethereum now what about an example of a strong coin what should that chart look like against Bitcoin and against ethereum one coin that I can think of which is
outperform the majority of coins in this cycle is going to be Casper so if you have a look at Casper over here I'm going to again move the settings into USD so we'll have a look at USD if you look at it here we'll put it on the max time frame you can see this chart has literally just gone up but what about against Bitcoin has it gone up against Bitcoin well you can find out for yourself s by changing the currency again to BTC once you move that to bitcoin over there you go back have a look at the chart over there and you can
see in Bitcoin terms it's outperforming the market completely this is a strong one which you would have wanted to hold let's go look at ethereum just to double confirm that it is outperforming ethereum as well so if you have a look at this chart of here this is a prime example of the types of charts that you want to be buying because it's outperforming Bitcoin ethereum and the US dollar denominated currencies so it's a good one for the long run so the third point I'm going to show you how much
money you should be allocating into each of these different coins now this is something that even your top tier celebrities do not understand so pay attention to this one it should really change your perspective on the market and I think it's a valuable piece of information which will take you a long way so if you have a look at the chart over here again we're looking at once again coin gecko the same info is going to be on coin market cap and you can see all these different coins right you can see Bitcoin is at $
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