Topic: Are you trading for FIAT or BTC profit? - page 2. (Read 2283 times)
Where is both?
5:2 in favor of fiat profits so far. Interesting.
Primarily in fiat, which hopefully I can eventually invest in btc.
I'm trying to get a feel for why people are day trading bitcoin. So the question is simple - are you trading primarily to profit in coins, fiat or to hedge the fiat value of your original bitcoin investment?
I personally am trading solely to profit in bitcoin. I started originally with the intention of hedging the value of my earnings, but have given up on that. Why? If I wanted to retain fiat purchasing power, I would simply cash out immediately as soon as I received payments and never buy back, or else accept payment only in fiat.
I couldn't care less how much my coins are currently worth in fiat, as long selling at any price will yield more coins for me in the future.
I personally am trading solely to profit in bitcoin. I started originally with the intention of hedging the value of my earnings, but have given up on that. Why? If I wanted to retain fiat purchasing power, I would simply cash out immediately as soon as I received payments and never buy back, or else accept payment only in fiat.
I couldn't care less how much my coins are currently worth in fiat, as long selling at any price will yield more coins for me in the future.
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