Topic: When trading, never ignore the statoshi value of your coins - page 4. (Read 1539 times)
really need USDT when bitcoin is quite difficult to maintain prices and cannot prevent the trend to fall, other than that I'm sure everyone is still trying to duplicate btc through the altcoin pair. traders also have a point where they have to secure balances, although in the end the concentration will still try to buy bitcoin in their long-term calculations.
Yeah, many newbie traders may not know those cases. They just want more USD on their hands which is bad business for me. 
Imagine you use fiat to pay daily expenses, ideally you want to get fiat more than anything (including bitcoin). That's just fine, many people want to cash out their Bitcoin for fiat and that's their choice and nothing is wrong with it.
Gain more bitcoin of course.
Try not to convert as always just because we are trading with USDT pair.
Every satoshi will count.
Bitcoin market moves like every second so it will always be profitable at the end unlike USDT.
Yeah, many newbie traders may not know those cases. They just want more USD on their hands which is bad business for me.
Try not to convert as always just because we are trading with USDT pair.
Every satoshi will count.
Bitcoin market moves like every second so it will always be profitable at the end unlike USDT.
Yeah, many newbie traders may not know those cases. They just want more USD on their hands which is bad business for me.
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?.
Final aim is to get more profit in USD dollar but for this I need to gain more profit in bitcoin you know. So when price is low, I mostly concentrate on when to sell bitcoin and how soon will I see low price to buy even more bitcoins, then I repeat the same process, mostly successfully but it's still hard decision for me. For example when price was 13K last year (in summer), I immediately sold my bitcoin and when price felt on 9K, I bought them back. I know it wasn't a good time cause we saw further fall but I am still satisfied with the result. Now I have even more bitcoins and waiting further rise to sell them and profit.For the sense of getting more volume it's good thing to get those extra satoshi if we really want to earn more when USD value rise but if you are not a holder and withdraw your profit always in Fiat then you shouldn't don't need those accumulation since the target is to earn via USD value. But for me whatever the figure it is aslong as I'm on positive in my trades I still on good shape for that whatever market situation bring up.
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.This has been most commonly used by most of the traders and hence they are able to fill up their losses and land up on profits. In this situation, we gain profits from both perspective i.e we also tend to earn bitcoins/satoshi by constantly selling and buying and also is makes us able to earn a source of income in USDT or any other stable coin used to trade bitcoin with.
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.
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 may suggest in aiming a high goal of getting profit and cover your losses from those goals. During trading, that is very common to have fees and in order to cover losses, dont cut your gain if you can't cover the entire fees including losses and that is a part of trading. Always do the math in every action you have and in which part you really gain too much. And to escape a losing point from the sudden drop in price you can divert to stable coins which USDT.
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?.
Final aim is to get more profit in USD dollar but for this I need to gain more profit in bitcoin you know. So when price is low, I mostly concentrate on when to sell bitcoin and how soon will I see low price to buy even more bitcoins, then I repeat the same process, mostly successfully but it's still hard decision for me. For example when price was 13K last year (in summer), I immediately sold my bitcoin and when price felt on 9K, I bought them back. I know it wasn't a good time cause we saw further fall but I am still satisfied with the result. Now I have even more bitcoins and waiting further rise to sell them and profit. 
I would agree that most of the traders do convert btc to usd after trading since it can prevent sudden losses however, though it would increase in value but for a day trader it won't matter much.
And besides, I always start with usd to trade and so for easy calculation of profit I'll end also with usd. Don't want to complicate things tho.
And besides, I always start with usd to trade and so for easy calculation of profit I'll end also with usd. Don't want to complicate things tho.
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. sr. member
Activity: 602
Merit: 250
—RUSHMOON — Automatic LP & Yield Farm & AMM on BSC
I think lots of trade facing to this mistake, they though their balance grow but it actually decrease in bitcoin amount. Before trading, everyone should decide which kind of profit they want, bitcoin or usd. I think this decision is very important because it will help traders to decide which pairs to trade. For example, i dont really believe bitcoin can grow up too much in the future, so i calculate profit base on usd and i choose only top altcoin to trade. Because these altcoin can directly exchange to usd, price not effect too much from bitcoin pump/dump.
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.
That change would be almost natural since the price of satoshi changes just as much as any other coin you are currently trading. Decide wether you want to profit off of USD or BTC, then find a pairing that best suits you. This is the reason why pairings are always decided before trading, to ensure maximum efficiency and to make sure you wouldn't make any mistakes in trading. If you were to take into account other coins while trading a certain pairing, it'd be quite a mess tbh.
legendary
Activity: 2380
Merit: 4265
eXch.cx - Automatic crypto Swap Exchange.
This advice totally depends on your intentions in the first place, supposedly you're trading to increase the amount of bitcoin you have then focusing on the Satoshi value of a trade comes in handle or becomes more important but in instances where you sole purpose for trading is to profit in value of the coin then it doesn't matter whether you lost some satoshi in the process of profiting. The end goal is that you increase the value of the money you had prior to trading.
Most traders don't have a plan that's why they get confused in scenario like this, you should have a plan on what you need from a trade before you jump right into trading. Something alts gain value in USD but losses value in Satoshi, vice versa is the case sometmes too although that doesn't mean such trade will be a loss since different traders want different result but still in a profitable form.
Bitcoin value increasing when they're a spike in bitcoin so if your trading had nothing to do with cashing out in bitcoin but another alternative currencies then you can always cashout through other alts or stablecoin to avoid feeling unsatisfied with the trade result due to recieving lesser bitcoin then what your capital was when you funded the trade.
Most traders don't have a plan that's why they get confused in scenario like this, you should have a plan on what you need from a trade before you jump right into trading. Something alts gain value in USD but losses value in Satoshi, vice versa is the case sometmes too although that doesn't mean such trade will be a loss since different traders want different result but still in a profitable form.
Bitcoin value increasing when they're a spike in bitcoin so if your trading had nothing to do with cashing out in bitcoin but another alternative currencies then you can always cashout through other alts or stablecoin to avoid feeling unsatisfied with the trade result due to recieving lesser bitcoin then what your capital was when you funded the trade.
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?.
Common mistake mostly for noobs or to those who do just start on trading.We cant really remove on ones mind not to think about usd value because when we do first buy our coins we do mind on how much we have bought and when you trade this would be your first priority in mind on getting it bigger in usd value and trading carelessly without even realizing that your satoshi value is decreasing due to price volatility.You will sooner realize this mistake just like i did and same as yours too.We have to put in mind that no matter what would be the usd value,if you do aim on accumulating more bitcoin then this is what matter most.
before trading you must determine your goals, whether your goal is for bitcoin or USD, for me personally, the main goal is USD, so I don't really care if my bitcoin amount decreases as long as my USD increases, If your goal is to increase your BTC you must be prepared if there is a decrease in the amount of USD.
Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value.
You need to lose something in order to gain another. If you sell something you don't expect to have the same value/quantity you have beforehand, with that kind of mindset you'll just be afraid to trade or do the right move in the process. If you are still worried about the quantity of your BTC I think the best thing for you to do is to short Bitcoin so that if you buy Bitcoin again at a cheaper price you'll gain more BTC while still earning some profit if you decide to just re-invest your capital.
This is how trading works. You will lose something in exchange of another.
And that is not really new in trading. So it depends on your current needs.
It is your own priority in a given situation, if you don't need your fiat, then better stay in btc.
But if that situation calls for the conversion of your crypto to fiat, along the way, you will really lose some satoshis other than the fees involved.
When we are trading most of the time, we are looking for the highest value, but we didn't see the potential of the small number of coins. In just a single change of cost, there is a lot of changes in the market and always observe when the price is going down or up by that simple knowledge you can take this as an advantage to earn a lot of profit. Sometimes the basic understanding of buying low and sell high is very useful.
Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value.
You need to lose something in order to gain another. If you sell something you don't expect to have the same value/quantity you have beforehand, with that kind of mindset you'll just be afraid to trade or do the right move in the process. If you are still worried about the quantity of your BTC I think the best thing for you to do is to short Bitcoin so that if you buy Bitcoin again at a cheaper price you'll gain more BTC while still earning some profit if you decide to just re-invest your capital.
This is how trading works. You will lose something in exchange of another.
And that is not really new in trading. So it depends on your current needs.
It is your own priority in a given situation, if you don't need your fiat, then better stay in btc.
But if that situation calls for the conversion of your crypto to fiat, along the way, you will really lose some satoshis other than the fees involved.
I always aim to earn more in Bitcoin than I do with any fiat currency, especially with USD and when I'm trading altcoins, because I've always believed in cryptocurrency more than any fiat system out there. I also like to plan for the longer term with Bitcoin as I expect it'll go up in the future, and trading's one way that I'm actively expanding my stash of cryptocurrencies at the moment.
It really depends what you're going after in the end and thus your personal preferences. I know plenty of people actively trading primarily for USD gains too, and they're doing just fine at the moment.
It really depends what you're going after in the end and thus your personal preferences. I know plenty of people actively trading primarily for USD gains too, and they're doing just fine at the moment.
Obviously, the value with satoshi should be superior. But that may also change depending on situation. e.g If you need BTC in USD after the last trade, the USD may be superior. However, the value of altcoins with BTC is more important since I am mostly engaged in short term trade. So, the value of BTC is volatile against USD. And at the time of trading, 1BTC=1BTC, which is a fixed value to measure the profit or loss. Besides, you can also replace BTC with stablecoins, but the results will be different in this case.
Jump to: