Topic: How should you measure profits? - page 2. (Read 382 times)
I measure the profit from rising market prices if the price is always up I will be faster to invest so that in the future I get more profits because the price is steadily increasing.
when you a buy a coin worth .00001 satoshi for 100 pieces and it pumps to .00003 you have clearly a 200% profit if you sell it right a way do not measure your profits in usd measure it in satoshi because our goal is to trade alts to get more btc thats why you need to calculate it in sats.
For a ico project, 3x is my expect. As for short- term trading, 50% is my expect. So i like ico better, easy and fruitful.
I would go with measuring profit against USD as I trade in USD/BTC. Though I would always recommend to invest in BTC as this is one coin which kind of plays hard on the crypto world. I am also into POS, so the way I see it is the current price at this I want to see vs the price I bought the coins and the bonus here is my stake reward, so end of the day I always get more than what I have invested.
Hope this help.
Hope this help.
Should we measure our investment returns in fiat or in BTC? Does it only depend on when you want to cash out in fiat?
I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more?
If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jM
I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more?
If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jM
People mostly invest in altcoins in order to accumulate more btc so it makes sense then to measure profits in btc, otherwise what is the point in buying up altcoins over btc?
The only time I really take an interest in fiat profit is when I'm down in btc then I can say to myself at least I'm still doing well in fiat.
this is real that most people are make some fiat and investment in altcoin why because more on this is where we can have a good profit the way we have to make it but in other terms of it what is the best for is having bitcoin also then this is where we are now measure our profit of.
It depends, when I am trading altcoins with bitcoin, I measure everthing in cryptocurrency and neglect the equivalent value in dollars. It is easier to see if you made profit or not if you track it with the same currency you traded it.
If I am trading usd/btc then, everything is measured in dollar value.
If I am trading usd/btc then, everything is measured in dollar value.
I measure my profit and loss in terms of bitcoins in a single trade because it is very convenient i'll just compare the initial bitcoin that i have before i bought the coin and bitcoin i have after the i sell that coin but i have a different method measuring my profit/loss ratio for the month i use percentage to measure the profit and loss for the month and convert into dollars sometimes my knowledge in accounting get used in this kind of situations
Should we measure our investment returns in fiat or in BTC? Does it only depend on when you want to cash out in fiat?
I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more?
If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jM
I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more?
If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jM
I measure my profits of investments as a percent for month or year that I get or lose when the price of definite coin changed. This is a correlation of sum of that I had to the money that I have now.
I measure in Fiat always because i tend to withdraw in fiat too.
Should we measure our investment returns in fiat or in BTC? Does it only depend on when you want to cash out in fiat?
I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more?
If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jM
I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more?
If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jM
People mostly invest in altcoins in order to accumulate more btc so it makes sense then to measure profits in btc, otherwise what is the point in buying up altcoins over btc?
The only time I really take an interest in fiat profit is when I'm down in btc then I can say to myself at least I'm still doing well in fiat.
Should we measure our investment returns in fiat or in BTC? Does it only depend on when you want to cash out in fiat?
I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more?
If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jM
I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more?
If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jM
I measure my profits in percent for definite period of time and in definite currency for example in the equivalent of USD. 14% ETH, 12%BTC I settle this in dollars and see how much I have earned.
I measure mine against btc or eth because when i buy the coin, i use btc or eth so i know i earn something from the trade or it was better to leave it in btc because i can earn more. I also have some trade that i measure against fiat like eth and btc because i bought them using fiat.
Let's all take a step back and not polarise this question into right and wrong.
There are many different ways to measure profit and many forum members have already made their case well.
Personally I measure profit in fiat because that is ultimately what I can spend in day-to-day life, but I fully understand when people want to maintain profits in BTC because they look at it as crypto trading profits.
Society had hundreds of years to determine how to measure length and yet we still have the imperial and metric system...
There are many different ways to measure profit and many forum members have already made their case well.
Personally I measure profit in fiat because that is ultimately what I can spend in day-to-day life, but I fully understand when people want to maintain profits in BTC because they look at it as crypto trading profits.
Society had hundreds of years to determine how to measure length and yet we still have the imperial and metric system...
I think its coming to bitcoins because I think it's right, I buy altcoins to increase profits exactly to bitcoin
Of course measuering with BTC is correct..
Let me explain you with a sample...
In jewellery business, if you want to calculate your profit, in the beginning of the year if you started with 1 kg gold, end of the year you calculate again, less is loose, more is gain...
People in jewellery business never calculate their gain by money!!! Doesnt matter if gold is 100$ or 100k $.....
So in coinmarket for me Bitcoin is like gold....BTC can be 100k$,this is my +....
But for me it is not logic to calculate profit by usd...
Let me explain you with a sample...
In jewellery business, if you want to calculate your profit, in the beginning of the year if you started with 1 kg gold, end of the year you calculate again, less is loose, more is gain...
People in jewellery business never calculate their gain by money!!! Doesnt matter if gold is 100$ or 100k $.....
So in coinmarket for me Bitcoin is like gold....BTC can be 100k$,this is my +....
But for me it is not logic to calculate profit by usd...
Should we measure our investment returns in fiat or in BTC? Does it only depend on when you want to cash out in fiat?
I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more?
If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jM
I think we should invest the results of the crypto world into fiat but not completely, there is still a divided into bitcoin and certainly do not forget altcoin, because many altcoin which is beneficial for us.I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more?
If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jM
I personally have shared not only the focus of investment in BTC or altcoin or fiat so everything can be balanced.
(that's in my opinion and my experience)
thanks for your advices..
Should we measure our investment returns in fiat or in BTC? Does it only depend on when you want to cash out in fiat?
I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more?
If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jM
I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more?
If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jM
I have watched the video and it's quite interesting. The concept of profit measurement in finance is a wide one. Measuring profit with Bitcoin as the standard is also quite appealing. I believe we could avail ourselves with this great lesson. Fiat currency is becoming outdated because the whole world is going digital. Bitcoin is digital and fast. It's a 4th dimension digital currency. Embrace it!
I think you should use the French currency, because you will eventually have to sell the bitcoins for the French currency. If your bitcoin has been increasing, but the French currency has been declining, what's the point?
Profit is simple to explain. It's what you earn minus what you paid.
To buy bitcoin you had to use FIAT. So calculate how much fiat you spent, and remove this value from the value of your whole portfolio today.
The final value is your profit.
Of course it's a dynamical value if you didn't cashed it back, because your coins will take or loose value. But you can calculate the current profit now.
There are a lot of apps to visualise your portfolio and your profits.
To buy bitcoin you had to use FIAT. So calculate how much fiat you spent, and remove this value from the value of your whole portfolio today.
The final value is your profit.
Of course it's a dynamical value if you didn't cashed it back, because your coins will take or loose value. But you can calculate the current profit now.
There are a lot of apps to visualise your portfolio and your profits.
This is the best way to explain it. Once you deduct the outgoings from the income, that's your profit. You can get apps online to help with calculating your profits and so forth.
Should we measure our investment returns in fiat or in BTC? Does it only depend on when you want to cash out in fiat?
I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more?
If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jM
I am more comfortable measuring income with bitcoin as the main reference but when we want to calculate "right" then I refer to the dollar I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more?
If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jM
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