You want to try and measure your trades and do all your trading in satoshis. This will keep it simple and you trade 1 satoshi try getting more back don't focus on USD reason being if you trade poorly you will lose and therefore it is in your best interest to hold BTC.
Example
Person A buys BTC at 5 BTC at 1k and in one year the price becomes 10k. In theory if they held they would have had 50k in USD, but lets say they trade and end up with 40k in USD and only have 4 BTC. If you look at that BTC you say wow I did good turned my 5k into 40k. But if you had held you would have done better. I hope this clarifies measuring out in USD or satoshi, especially in bull markets.
Topic: Relation between Satoshi and USD value when buying cryptos...? (Read 137 times)
February 20, 2018, 06:40:22 PM
Hullo everyone,
Here's the deal. I've been buying electroneum every now and then to add to my position. As of late, the price has been around 7 cents in USD and 800 Satoshi. However, right now, electroneum is at 8 cents in USD and only 712 Satoshi. So right now electroneum is 88 satoshi cheaper than when I last bought it, but the value of electroneum is up a cent in USD. Is this an especially good time to buy? And if so, could you explain to me in laymen's terms the relation between satoshi values and usd values when buying cryptos. I mean ultimately I'm buying the etn with bitcoin so paying less bitcoin is great, however I paid USD cash to get that bitcoin. So should I be going as far back as considering how much USD I paid for the bitcoin, or can I just be like, "yep, I'm getting a fucking deal cause now it's only 712 satoshi instead of 800 and it's actually worth 1 more cent."
Sorry if this is ridiculously obvious, but I just want confirmation and want to know if this is indicative of a good time to add a little more to my electroneum holding?
Thanks
Here's the deal. I've been buying electroneum every now and then to add to my position. As of late, the price has been around 7 cents in USD and 800 Satoshi. However, right now, electroneum is at 8 cents in USD and only 712 Satoshi. So right now electroneum is 88 satoshi cheaper than when I last bought it, but the value of electroneum is up a cent in USD. Is this an especially good time to buy? And if so, could you explain to me in laymen's terms the relation between satoshi values and usd values when buying cryptos. I mean ultimately I'm buying the etn with bitcoin so paying less bitcoin is great, however I paid USD cash to get that bitcoin. So should I be going as far back as considering how much USD I paid for the bitcoin, or can I just be like, "yep, I'm getting a fucking deal cause now it's only 712 satoshi instead of 800 and it's actually worth 1 more cent."
Sorry if this is ridiculously obvious, but I just want confirmation and want to know if this is indicative of a good time to add a little more to my electroneum holding?
Thanks
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