Definitely my end goal is to get more BTC. So waiting for the bitcoin price to rise and selling it when it goes up simply is not a good strategy for me, because I'll still have the same amount of BTC.
I invest in bitcoin denominated investments, so they actually generate BTC for me.
Topic: Trading --- your end goal is more fiat or more btc? - page 2. (Read 1350 times)
Bitcoin trading essentially requires one to think differently from conventional forex trading
My end goal is to retired when I feel like it or solve a big sum.
But ideally, I would like a good amount of bitcoin then fiat. Since most of the bitcoin can be trading back to fiat at any given time and growing potential.
Despite the price flux, if it isnt too bad.
But ideally, I would like a good amount of bitcoin then fiat. Since most of the bitcoin can be trading back to fiat at any given time and growing potential.
Despite the price flux, if it isnt too bad.
I actually try to leave my balance in the form of bitcoin at the end of trading actually only the initial bankroll balance and all the profit i made in fiat form so that i can calculate how much i have earned in a day keeping my original btc bankroll same.
I think of trading as similar to forex trading where you have a goal of getting a gain in your local currency.
But bitcoin and fiat trading pose a conundrum. Everytime I want to start trading, i had to ask myself: what is my goal? More fiat? Or btc?
Whats your dilemma?
Trading is a general term ,you don;t distinguish between them as forex or bitcoins.Its all the same .Bitcoin is a currency itself right ? That depends on your end user needs,I'd never convert into fiat if I can get my basic needs were bought in bitcoins.Unfortunately I can't so yeah need to be converted for all the things which can be bought using fiat only.That defines my end goal to convert to fiat but that doesn't mean I trade keeping fiat in mind.I don't separate bitcoins or cash when it comes to currency. But bitcoin and fiat trading pose a conundrum. Everytime I want to start trading, i had to ask myself: what is my goal? More fiat? Or btc?
Whats your dilemma?
Rather than fiat, more bitcoin is my go because the value differs often with bitcoin. Such a variation can never be felt with our local currencies.
having more bitcoin for sure.
because of the value that bitcoin has which is also rising these days. in other words having bitcoin means i have an additional investment which is also growing in amount.
because of the value that bitcoin has which is also rising these days. in other words having bitcoin means i have an additional investment which is also growing in amount.
If you are continuously buying and then reselling, you are doing arbitrage. So, then the cycle is never-ending: you're constantly buying btc below spot and re-selling for more than what you bought it for. It doesn't matter what the price of btc is, because you will sell it at a mark-up and then purchase more with your fiat.
In arbitrage, the goal is to continue to grow your wealth, so you will be buying more and more btc just to resell them again. Because the volatility of btc is much more than the volatility of fiat (U.S. anyhow), the way to see if you are growing your wealth is to gauge how much fiat you have.
In arbitrage, the goal is to continue to grow your wealth, so you will be buying more and more btc just to resell them again. Because the volatility of btc is much more than the volatility of fiat (U.S. anyhow), the way to see if you are growing your wealth is to gauge how much fiat you have.
I think of trading as similar to forex trading where you have a goal of getting a gain in your local currency.
But bitcoin and fiat trading pose a conundrum. Everytime I want to start trading, i had to ask myself: what is my goal? More fiat? Or btc?
Whats your dilemma?
But bitcoin and fiat trading pose a conundrum. Everytime I want to start trading, i had to ask myself: what is my goal? More fiat? Or btc?
Whats your dilemma?
Definitely more Bitcoin,because holding it is an investment itself you can double or triple your profit just by holding it especially now at this point of time,anyway you can convert a portion of your bitcoin anytime you want a cold cash..
I think of trading as similar to forex trading where you have a goal of getting a gain in your local currency.
But bitcoin and fiat trading pose a conundrum. Everytime I want to start trading, i had to ask myself: what is my goal? More fiat? Or btc?
Whats your dilemma?
But bitcoin and fiat trading pose a conundrum. Everytime I want to start trading, i had to ask myself: what is my goal? More fiat? Or btc?
Whats your dilemma?
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