Topic: When trading, never ignore the statoshi value of your coins - page 3. (Read 1559 times)
We need to accept the fact that we meed to focus on what we want to achieve or we can say that we need to focus on your target. Honestly in all action that we are do it is hard to do more than one plan or target because all we know that multi tasking is not easy. We also need to sacrifies some things to get our dreams. Like in this industry there are strategies that they need to ignore satoshi to focus on other source of income.
There are different styles now when USDT came.
Some do prefer making more USDT than bitcoin which is not so much like before.
In which, altcoins are the one being used to gain more bitcoin in the end.
Yes, every satoshi will count. I remember before when I do faucets on different website. Every piece of it will count for me and it stayed that way up until now.
Some do prefer making more USDT than bitcoin which is not so much like before.
In which, altcoins are the one being used to gain more bitcoin in the end.
Yes, every satoshi will count. I remember before when I do faucets on different website. Every piece of it will count for me and it stayed that way up until now.
Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
Personally I choose to gain my satoshi, it's a better choice for short-term trading considering the value of satoshi tend to going up, so more satoshi is more value in USD.
Gain more USD is quite good, but ignoring the amount of satoshi is not good choice especially for short-term trading, unless it will be good for an investor who expecting the price rise at the long-term and don't care too much of the coin calculation profit.
Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
If you're pairing with btc and trying to accumulate, of course counting your assets in satoshi is logical, though many people fail to see that as they're more focused on btc to usd conversion. I used to look at it that way but I guess if you're trying to go for the long term, you really wouldn't mind that much the dollar or the fiat equivalent of your asset.
It's depends from your trading goal. If you want to cash out asap you traded your coin, just focus on USD and if you are thiking to invest and hold bitcoin more, just trade it into bitcoin. Its simple as that
I agree, we only need to care about the goals that were set in the beginning. If we care about so many things, it is easy to distract us and make the wrong decisions.I personally like bitcoin so I usually trade bitcoins, I just need to increase my bitcoins.
Great question, most of the people here doesn't really care if they have more bitcoins or not most importantly is the value of the current satoshis they are holding so in my understanding the traders are looking to gain more USD and just using satoshis/bitcoin in order to grow their asset which is the USD.
Well this is just only my opinion about this matter and this is what's in my mind and there's a lot of traders out there and we don't have the same thinking about this matter for me the USD is still strong rather than the Bitcoin since the USD was given by the state or government to have a value even though its just a piece of paper and in bitcoin we analyze its price base on USD.
Well this is just only my opinion about this matter and this is what's in my mind and there's a lot of traders out there and we don't have the same thinking about this matter for me the USD is still strong rather than the Bitcoin since the USD was given by the state or government to have a value even though its just a piece of paper and in bitcoin we analyze its price base on USD.
Depends on the goals you set when making transactions. If you want to win USDT, you only need to care about the result to be converted to USDT and vice versa if you intend to hold bitcoin, you only need to care about the amount of bitcoin.
Currently I am trying to collect more Bitcoin so I usually trade pairs BTC - altcoin and Btc - USDT. At the end of each session, I usually convert everything into bitcoin and check my profits.
Currently I am trying to collect more Bitcoin so I usually trade pairs BTC - altcoin and Btc - USDT. At the end of each session, I usually convert everything into bitcoin and check my profits.
Trading and investing activity has the same goal, more profit in USD because all economy will ended with regulation and protection in this part we call it currency not bitcoin. Lost some satoshi value for bigger income is USD is predictable and acceptable, as long not in high value you're on the right track. All depend your calculation, bitcoin is only tools to get currency never deny it.
Yes more traders is always base in USD in terms of profit. If you think you lose because you lost some satoshi then recalculate it again in USD. We all know that bitcoin is volatile so you may expereince lost in sats always if the price of bitcoin increase the same if the price decrease you will not experience lost because you secured you fund in USD.USD is much reliable nowadays because we all know that bitcoin is in constant price and it is not good. Although many people still hoping for the bitcoin to rise again, it will not give you the basic necessities if you're still holding it. At some point, bitcoin can increase it price again but the question is "When?". It is still uncertain if we just focus on it. So US dollars is the thing that you must focus on before anything else.
Well, I do care about mostly about the amount of btc I have, doesn't matter if I end up being 1 satoshi higher than I used to be after a trade, a profit is profit and I don't look at the dollar value of it until I really want to sell, like literally cash out to fiat, up until that point all I care about is actually being in profit for bitcoin.
However, that doesn't matter being in profit for dollars is bad neither, that is quite good, for example you bought bitcoin lower and now in profit at these prices, if you sell and price goes down that means you are in profit for dollars and that is cool, however you end up buying at lower once again that means you are both on profit in dollar AND in bitcoin and that is probably the best kind of trading you can make in this market.
However, that doesn't matter being in profit for dollars is bad neither, that is quite good, for example you bought bitcoin lower and now in profit at these prices, if you sell and price goes down that means you are in profit for dollars and that is cool, however you end up buying at lower once again that means you are both on profit in dollar AND in bitcoin and that is probably the best kind of trading you can make in this market.
Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
for me, losing satoshi is normal as long as my account increases dollars. Because our ultimate goal is dollars, we need to get more dollars than bitcoin because we're not sure about the future of bitcoin. What do you do when your hard trading week earns 1 BTC and the following week the price of BTC drops by $ 5000? That's why I want to raise more dollars because it's stable. 
Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
It really depends upon the fact whether you consider Bitcoin as your base currency or a trading currency. In case you consider Bitcoin as trading currency, it is at par with other cryptocurrencies and just another investment. So even if the price of Bitcoin rises more than the currency you holding, it doesn't matter. Suppose you holding XRP and it gains 5% whereas Ethereum gains 12%, would you consider that your money decreased because Ethereum increased more than XRP? No, right? Similarly if you consider Bitcoin as an investment then even if it rises more than your XRP, it doesn't mean you lost money.
But if you consider Bitcoin as your base currency to invest in other currencies then percentage return should be calculated on the amount of Bitcoin initially invested.
My purpose in trading is how I can make more bitcoin, and I am not counting how much satoshi will be. As long as I can take as much profit as I can, I will not lose the satoshi because the loss will be cover by the profit.
I only think about how to gain more profit in bitcoin and hold it until bitcoin price can increase rise so I will sell my bitcoin to my local fiat. I don't mind to lose some satoshi value because, as I said before, the loss will not have much impact on me because I can get much profit from trading, plus my profit will be bigger if bitcoin price suddenly increases like yesterday.
I only think about how to gain more profit in bitcoin and hold it until bitcoin price can increase rise so I will sell my bitcoin to my local fiat. I don't mind to lose some satoshi value because, as I said before, the loss will not have much impact on me because I can get much profit from trading, plus my profit will be bigger if bitcoin price suddenly increases like yesterday.
actually, if you trade using USD at first, you have already made a profit. no need to see the value in satoshi, I've also done that. but if you do that with crypto, you certainly have a loss, because of that, many people assume that holding crypto, in the long run, is better than holding short.
honestly, it's better than you lose.
honestly, it's better than you lose.
Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
Looks like you learn something while you are on progress. Good thing you have realized that.
However, different traders have different goals and purposes. Different strategies also apply.
There are advantages why traders sometimes opt to sell when they see gains in USD value, they are playing with the price. Maybe out of their analysis, it seems a good move. Proper execution is the key to gain profits in the market. You can also try other trading pairs.
Some would really be minding on USD terms and it is still a worthy one if you do cash it out directly
and avoiding as much as possible of turning trend of market.Satoshi or USD the most important thing
is that you do gain and thats already a good stuff to hold on.If long term plans then earning satoshi
will be the wisest choice.
Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
Looks like you learn something while you are on progress. Good thing you have realized that.
However, different traders have different goals and purposes. Different strategies also apply.
There are advantages why traders sometimes opt to sell when they see gains in USD value, they are playing with the price. Maybe out of their analysis, it seems a good move. Proper execution is the key to gain profits in the market. You can also try other trading pairs.
Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
The case you mentioned above is important but you can actually only have profits in terms of the United States dollar only if the price for bitcoin rises up. In this situation, even if you loss few satoshis it won't matter but you would have profits in terms of dollars so it would not be an effective loss. If we are not considering the prices in the US dollar than we will specifically have profits in terms of satoshi and we would start earning a fixed profit in terms of bitcoins only.For example, if we bought 0.5 BTC and the price hikes up by 2% than you would instantly gain 0.01 BTC profit which would entirely be in terms of bitcoin only. This way, you could boost multiplying the fixed number of bitcoins you have by constantly trading with those instead of selling those for USD and buying back.
If you concentrate too much on the future value of every Satoshi, then you will never sell any of your coins and you will become a full time hoarder. Yes, the few Satoshi lost with every trade would accumulate over time and the price will also increase and it would look like you lost large amounts of value in US Dollar or Fiat terms, but those profits was never guaranteed.
You can make a lot more money now, buy buying and selling and trading and ignoring the few Satoshi that you are spending doing it ...than what you might have lost if the price tanked.
Managing the risk in your Portfolio is part of the fun and taking the profits now whilst the iron is hot, is also a better strategy.
Exactly. Any amount whether it is satoshi it still matters. Imagine that in every transaction you have made you always left a small amount of satoshi and if you accumulate them ever since the first transaction you've made this might become a reasonable profit if the market skyrocket. If Bitcoins value became more enormous the value of satoshi will increase as well that is why learn to appreciate it even if it has a small amount. You can make a lot more money now, buy buying and selling and trading and ignoring the few Satoshi that you are spending doing it ...than what you might have lost if the price tanked.
Managing the risk in your Portfolio is part of the fun and taking the profits now whilst the iron is hot, is also a better strategy.
I guess concentrate on profiting off in USD based on the coins you are currently using. The problem at hand is that you looked at coins comparison which are both volatile, forever changing. Your coin increasing in price based off of satoshi may not actually be it increasing at all, but rather satoshi increasing in price, and vice versa scenarios. This defeats the purpose of you watching over the coin seriously, since you think you profited, but you didn't, nothing actually really happened. Find a good pairing tbh. Concentrate on one or two pairings, instead of multiple ones, and once you get used to it, if you want to add more, keep doing so.
I think you could hold and trade at the same time to see what works best for you. People could feel pressured or frustrated if you keep insisting that they hold everything. I'd rather teach them to combine both for their own safety, if they can. Not really a good idea to keep all your eggs in one basket. Decentralize as much as you can.
Definitely the value is very important. I believe in trading there's a good timing. Perhaps we always bid for the best value of it. We must not ignore the current status or standing of rates, etc. We cannot just trade and trade knowing that you might loose the better value or otherwise trading it on the perfect time for its greater value.
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