Topic: Profit/Loss Calculation (Read 234 times)
I think profit in dollar terms is even more important than in bitcoins, because in real life we use Fiat currency
it is showing profit because of it's bitcoin value, bitcoin is doing well now so id doesn't matter if the coin is losing bitcoin value. in my experience you shouldn't care about the USD profit because your game is to maximize your bitcoin holdings.
Some people says, that if you earn on crypto you need to calculate profit/loss only in BTC. I don't agree with this and I calculate my profit/loss in USD. I think that if you invest USD you need to calculate it in USD.
450 members and growing! DAG
900 Million coins being offered in Pre-sale
www.bitcoinb.io
Minimum participants 100.
Maximum investment per person $500.
For a $500 investment you will receive 5 000 000 coins. (airdrop participants will receive 5000)
5 000 000 coins will be valid initially in the Pre-sale, Will finally be 3 000 000 once closer to target. @ 50% target 4 000 000 coins.
Must have belief in the project and wish to hold long term. Founding members cannot participate in Pre-sale.
At this point ICO will have a cap of $500 per person for 500 000 coins or less.
What the funds will go towards.
-Organisation to reach ICO (Price of presale at least 10x cheaper than ICO price)
-Creating genesis node of server
-Configuring coin from nano fork
-Android application/ wallet
-Block explorer
-Improvement to current rewards bounty software
-Marketing
-Testnet
-Airdrop ready and airdrop rewards ready
-Portal site
-Growing community and creating community branches
-Content
-Progression
More information:
https://bitcointalksearch.org/topic/ann-bitcoin-black-btcb-airdrop-ico-fair-distribution-36-billion-dag-3124440
900 Million coins being offered in Pre-sale
www.bitcoinb.io
Minimum participants 100.
Maximum investment per person $500.
For a $500 investment you will receive 5 000 000 coins. (airdrop participants will receive 5000)
5 000 000 coins will be valid initially in the Pre-sale, Will finally be 3 000 000 once closer to target. @ 50% target 4 000 000 coins.
Must have belief in the project and wish to hold long term. Founding members cannot participate in Pre-sale.
At this point ICO will have a cap of $500 per person for 500 000 coins or less.
What the funds will go towards.
-Organisation to reach ICO (Price of presale at least 10x cheaper than ICO price)
-Creating genesis node of server
-Configuring coin from nano fork
-Android application/ wallet
-Block explorer
-Improvement to current rewards bounty software
-Marketing
-Testnet
-Airdrop ready and airdrop rewards ready
-Portal site
-Growing community and creating community branches
-Content
-Progression
More information:
https://bitcointalksearch.org/topic/ann-bitcoin-black-btcb-airdrop-ico-fair-distribution-36-billion-dag-3124440
It depends on how you want to dispose of money. If you want to deduce your profits in $ for everyday expenses, then you will be in +. But if you want to buy coins, then you are in minus (this is if you buy coins in bitcoin). At least, this is my way of count profit.
I'm comparing it to both. USD/coin to check what profit/loss I made in total, as eventually, I withdraw like 50% for fiat to fix some profit and avoid possible regrets in the future. But BTC/coin value is also important to check coin's fundamentals and performance. If coin loosing compared to BTC and ETC, isn't it easier just to invest in more stable coin and HODL? We're looking for new altcoins like VeChain, Neo, Waltonchain to get 10x profits.
Indeed it is a better idea to take BTC as you base currency than USD. If you are buying an altcoin from BTC, you do it because you believe the altcoin would rise in price quicker than the BTC, when that's not the case, you are in loss.
so I'm in Ann Arbor, MI..wanna do so...you don't think I need a VPN to do so??
I"d love to get in on it!
Thanks.
I"d love to get in on it!
Thanks.
What you need to look at is the final currency in which you will cashing out to decide your profits. Since BTC is $ 8K+, your profit is BTC is still showing loss.
Convert BTC to USD to see your profit amount.
Convert BTC to USD to see your profit amount.
Many investors sold it when NEO was less than a dollar. If you do not want to regret it, then you should develop your own investment strategy for BTC and ALTCOIN investments and hold them long after buying, which is the way to maximize your profit. My point of view is to allocate your funds as well , Do not try to invest in the same kind of casino.
Bitcoin and alts have their "seasons" ... it is BTC time but the alts will return. If you can time it right, combination is best BUT if you are trying to time the market, you will likely lose. Choose one strategy and stick with it until you are ready.
A good portfolio is diversified and hedged...distribute your investment so it balances no matter what happens to the market. Not the max gains but safe. BTW, easier said than done.
Good luck!
A good portfolio is diversified and hedged...distribute your investment so it balances no matter what happens to the market. Not the max gains but safe. BTW, easier said than done.
Good luck!
Thanks for your response. I am not loving it, but it's the sad truth. I bought NEO on 4 different occasions. I made profits 3.26%, 34.35%, 147% and 115% on USD and losses of 45%, 24%, 2.6% and 2.6% on BTC. NEO is one of my best performers. I am more convinced than ever that it's not worth investing in ALT coins. stick with BTC and that should be enough.
I am interested in knowing if anyone else has the same problem? What's your exit strategy? Thanks in advance for all
I am interested in knowing if anyone else has the same problem? What's your exit strategy? Thanks in advance for all
It depends on your perspective. One is looking at how your invested would have done if you stayed in BTC. The other is compared to your original investment. Both work.
I am just not getting it. I have a small NEO position. Like anyone else, I had to buy BTC, then I bought NEO.
On my Blockfolio It shows that I have $1,300 profit. However, when you change it to show it BTC , I am losing 0.087 BTC.
I have the same issue with other coins, It shows profit on the USD but losses on BTC. I am trying to make some adjustment to my coin portfolio, but I am not selling if I am loosing.
Does it matter that my BTC is showing losses, as long as I am getting more USD than what I initially invested, right?
On my Blockfolio It shows that I have $1,300 profit. However, when you change it to show it BTC , I am losing 0.087 BTC.
I have the same issue with other coins, It shows profit on the USD but losses on BTC. I am trying to make some adjustment to my coin portfolio, but I am not selling if I am loosing.
Does it matter that my BTC is showing losses, as long as I am getting more USD than what I initially invested, right?
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