Hey team, I am in need of some input on how you handle/view profit in margin trading in bitcoin as your base.
Let’s say you went long with leverage on DASH and your goal is a certain amount of BTC per dash to exit, basically.
Does this mean
If BTC skyrockets in USD value then DASH plummets in BTC value, thus making your loan a crazy loss and liquidation. So in this scenario you are betting against BTC price rise, as well as DASH going up.
If BTC drops in USD value then DASH rises in BTC price and you have your exit, again you are betting BTC will fall.
If dash goes up at the same rate as btc then you will loose because you owe on trading and lending fees.
What is messing with my head is that it seems like, if I am margin trading in BTC I am always betting on the price of btc and not just the price of the other asset, DASH is this case.
Am I correct in thinking this?
Seems to me it would be better for one to do this in USD rather than BTC as then you are up against only on pair?