When Investing or Trading in Crypto, remember that you shouldn't be looking at dollar value, but the opportunity cost of not investing in Bitcoin.

Most people when they are new to crypto think, "My Crypto purchase is worth $X" and then look at profit or loss from that initial value, but as you get more experience in crypto trading/investing it's important to look at the opportunity cost of investing/not investing in BTC compared to the alt of your choice.

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For example lets say you started in Crypto around mid 2022 and fell for the Hype surrounding Algorand. You Aped in at just over, $.30 in mid June and are starting to get excited that you might be green soon.

Algo Chart

If we look at BTC over that same time, we can see that BTC was ~$22K around that same time. So while BTC approaches a 3x you're struggling to break even over that same time period on your Alt investment.

BTC Chart

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This goes for any Crypto Asset especially for traders in a bull market when everything is Green and even stupid trades are profitable. DO NOT look at the dollar value of your portfolio to decide if you are making good/bad decisions. Look at the opportunity cost of not holding BTC.

If your trade is up against BTC you are doing a good trade, if it down against BTC you are making a bad trade. The easiest way to do that is by looking at a X Token to BTC Chart over a given time period. This is the chart for Algorand to BTC since June 2022.

https://www.coingecko.com/en/coins/algorand/btc

Some people reading this may be a bit new and say "profit is profit" but the longer you are in crypto the more you will realize you always have to look at the opportunity cost of not holding BTC.

I.E. "I could have had 1 BTC in 2022 but instead I invested in alts and can only afford .4 btc now"

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And remember even if you have a profitable trade against BTC, it's not profit until you cash out.

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