Should be USD. Altcoins are their own things.
While they're still cryptocurrencies, a diversified collection of cryptocurrencies is not the same as short-term trading into Bitcoin.
Topic: How do you know when you are in profit? USD or Satoshi? - page 3. (Read 6078 times)
I always use Bitcoin is value for calculate my profit, because I trading BTC/Altcoins and I will make profit with Bitcoin, not is USD. I want earning more Bitcoin before it very popular, reach to highest price and very difficult when earning it. Every month, I sell some Bitcoin to FIAT and use it as salary for my life 
Definitely bitcoins (in Satoshi) because the price of bitcoin in USD is moving so much. I just think it's an absurd idea to think in terms of fiat. For example, you have 1BTC, you traded altcoins, then you earned 0.1BTC. You now have 1.1BTC. But because the price of bitcoin has decreased in the process, the value of 1.1BTC is less than the value of 1BTC before. That's totally weird that you've made more bitcoins but since you measure your profit in terms of USD, you lost?
Most times I don't even know the price of bitcoin in USD just because it's not relevant unless I have to cash out.
Most times I don't even know the price of bitcoin in USD just because it's not relevant unless I have to cash out.
Do not based in USD cause bitcoins is flactuating.
The best is to based in bitcoins for example you have 0.02 or 65$ in USD price and becomes 0.025 so you earn 0.005 but in btc 0.025 is just 60$ so you lose in USD and you win in btc. that's called price is down and but bitcoins is up . all you need to do is hold your bitcoins anv wait for 10,000 $ price keep holding
The best is to based in bitcoins for example you have 0.02 or 65$ in USD price and becomes 0.025 so you earn 0.005 but in btc 0.025 is just 60$ so you lose in USD and you win in btc. that's called price is down and but bitcoins is up . all you need to do is hold your bitcoins anv wait for 10,000 $ price keep holding
You can't also disregard the rate in dollars when you look at your earnings because that's the rate you'll get when you withdraw or transfer to your bank account. I agree with you that of course your earnings should be counted in the amount of btc that increased but you still would have to consider the current exchange rate before you withdraw
Do not based in USD cause bitcoins is flactuating.
The best is to based in bitcoins for example you have 0.02 or 65$ in USD price and becomes 0.025 so you earn 0.005 but in btc 0.025 is just 60$ so you lose in USD and you win in btc. that's called price is down and but bitcoins is up . all you need to do is hold your bitcoins anv wait for 10,000 $ price keep holding
The best is to based in bitcoins for example you have 0.02 or 65$ in USD price and becomes 0.025 so you earn 0.005 but in btc 0.025 is just 60$ so you lose in USD and you win in btc. that's called price is down and but bitcoins is up . all you need to do is hold your bitcoins anv wait for 10,000 $ price keep holding
It seems to me you are new in trading either forex or crypto currency. When you are trading crypto currency dollar value should not be the main focus in terms of profit but bitcoin value, this is because some times one may be making profit in bitcoin and the dollar value of the profit is decreasing this could happens as a result of a decrease in the value of Bitcoin to dollar and not necessary means you are not making profit in your trading.
It's to a large extent matter of personal choice as already said by the other senior members and my personal choice and preference is bitcoin gain. I bought a coin when it was at a lower value in bitcoin and sold it at a higher value in bitcoin so obviously I made a profit simple. In any case I am more interested in accumulating and possessing bitcoins than USD.
I am a little confused because I have always looked at the satoshi prices, but sometimes I hear people say that you should look at the dollar value if you are in profit or not. But when you trade at an exchange to BTC all the peaks and vallies are measured in BTC? Should you follow dollar value or satoshi value to know if you are in profit? Or do just have to choose one of them and stick to it? For example if I buy at 0.1 satoshi and now the chart show 0.12 satoshi I think I am in profit? But is that not always the case? I am using cointracking for example to see if I am in profit or not. If I look at BTC value of Doge I am currently in -7% on the coin, but if I switch to dollar I am +0.09% It is very confusing..
Does it have to do with if you plan to keep your money inside crypto or take it out? If you plan to take it out I guess dollar is more important, but my plan is to stay in crypto for the long term so dollar value is not even important at that point...?
I mean if you buy a coin at 0.1 satoshi and you sell it at 0.2 satochi you have sold in "profit" even if btc would have sunken 90%?
Does it have to do with if you plan to keep your money inside crypto or take it out? If you plan to take it out I guess dollar is more important, but my plan is to stay in crypto for the long term so dollar value is not even important at that point...?
I mean if you buy a coin at 0.1 satoshi and you sell it at 0.2 satochi you have sold in "profit" even if btc would have sunken 90%?
There are some scenario here that can happen and depends from which perspective you see the "profit"
If you bought bitcoin with fiat money then you value the coins in fiat, and even if your balance is less than you had it means that you are in profit in fiat.
At the other side you can;t say that you are in profit if you plan to hold for a long time the bitcoins because your balance is less so this is a loss.
Of course, in USD. Because that's the currency you will be spending at the moment. Maybe in the distant future where all things are paid in BTC or something else.
Both are important but at the end of the day if you are in bitcoin profit you can always wait for the price to rise even if you are not in USD profit.
USD profits may happen automatically when you have finished off your trading in satoshi profits. It means USD prices may not within our control but making more satoshi than the initial capital must be the only task we need to focus while trading.
That is the problem when it comes especially to altcoins trading, as bitcoin price never stops changing you need to recalculate your positions all the times, that's why it's too much frustrating for me at least to be an active trader in crypto. however I have always tried to stay in green side of my trades if I buy something at 0.0001 no matter what is the bitcoin price I will only sell any thing above 0.0001 even if it's a few sats profit.
Both are important but at the end of the day if you are in bitcoin profit you can always wait for the price to rise even if you are not in USD profit.
If you are unable to figure whether you are in profit or not in your daily trades then you should stay away from trading before you go bankrupt, simple math and calculations suffice to know, always calculate your orders in satoshi because USD value is constantly changing and you'll end up in negative instead of positive.
The reason for the change is because Altcoins are measured against BTC. And BTC is measured against Dollar.
Here is the thing, if you buy a certain units of a coin for 0.1BTC and then 0.1BTC is $200. You might have some percent increase in the value of the coin, but your BTC value won't increase, that's cus the value of BTC has gone from it was when you bought the coins and vice versa.
Here is the thing, if you buy a certain units of a coin for 0.1BTC and then 0.1BTC is $200. You might have some percent increase in the value of the coin, but your BTC value won't increase, that's cus the value of BTC has gone from it was when you bought the coins and vice versa.
For bitcoin against fiat trading both are same.
For bitcoin against another crypto, I will look at satoshi differences to determine whether I am into profits or not.
For bitcoin against another crypto, I will look at satoshi differences to determine whether I am into profits or not.
Any gains in BTC is also a gain in USD value keep that in mind. There are just some variance in prices in exchanges since there are different activities in different markets.
This is not always true, for example you've closed your altcoin position with 5% profit in BTC, but Bitcoin dropped 10% during that time, than you've actually lost 5.5% of your investments USD value. So, both USD and BTC values of your trade are important. There are actually two methods of trading cryptocurrencies - one is only increasing your BTC value and stacking Bitcoin for long term, and the second is increasing your USD value at the current moment, by selling Bitcoins during peaks, even if it means that you have to close your position on altcoins prematurely. The second method is the most profitable, because you will be getting profit from both altcoin and Bitcoin volatility, but it's very hard to execute on practice and requires big amounts of attention and experience.
USD ... because I have chosen liquidity as a metric ...
Following that logic .. btc is have much more liquidity than alt coins ... in general btc is the entry/exit point of alt con
usd>btc>altcoin
Quote
What is 'Liquidity'
Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price.
Market liquidity refers to the extent to which a market, such as a country's stock market or a city's real estate market, allows assets to be bought and sold at stable prices. Cash is the most liquid asset, while real estate, fine art and collectibles are all relatively illiquid.
http://www.investopedia.com/terms/l/liquidity.asp
Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price.
Market liquidity refers to the extent to which a market, such as a country's stock market or a city's real estate market, allows assets to be bought and sold at stable prices. Cash is the most liquid asset, while real estate, fine art and collectibles are all relatively illiquid.
http://www.investopedia.com/terms/l/liquidity.asp
Following that logic .. btc is have much more liquidity than alt coins ... in general btc is the entry/exit point of alt con
usd>btc>altcoin
I personally prefer to use USD to determine how much $$$ I made or lost, but I also check if the currency is still worth the same amount in BTC.
Any gains in BTC is also a gain in USD value keep that in mind. There are just some variance in prices in exchanges since there are different activities in different markets.
This is not always true, for example you've closed your altcoin position with 5% profit in BTC, but Bitcoin dropped 10% during that time, than you've actually lost 5.5% of your investments USD value. So, both USD and BTC values of your trade are important. There are actually two methods of trading cryptocurrencies - one is only increasing your BTC value and stacking Bitcoin for long term, and the second is increasing your USD value at the current moment, by selling Bitcoins during peaks, even if it means that you have to close your position on altcoins prematurely. The second method is the most profitable, because you will be getting profit from both altcoin and Bitcoin volatility, but it's very hard to execute on practice and requires big amounts of attention and experience.
Actually i am using Blockfolio android apps for this. It help me find out easily i am in profit or loss,and it is USD or BTC, also i can watch that easily. I think its the easiyest way to watch or calculate loss/profit. You can try it dude.
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