When trading, never ignore the statoshi value of your coins - page 5.

Theb

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Quote from: QueenVera on January 14, 2020, 10:00:22 AM

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.

nickenburg

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I am mostly concerned about keeping the satoshi value as well, just because I maybe want to trade it for Bitcoin in the future.
And I definitely agree that you always need to keep a eye on the satoshi values when trading, but sometimes it is very hard to do.

I was trying to make a google doc keeps a eye on the satoshi and dollar value for my most important Crypto currency, but I couldnt get it automated the way I wanted to, maybe someone here has a tip for me on how to do that?

rijaljun

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Quote from: QueenVera on January 14, 2020, 10:00:22 AM

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?.

Very much based on what profit you are looking for. I would say rely on the satoshi you can get is much important that the USD because it also meets with the fundamental side of Bitcoin (every Satoshi you have might be very valuable in the future) but for those who are trading based on USD value, then go on!

There is nothing wrong in both way.

DGulari

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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

GreatArkansas

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I am just much concern based on what I use as pair on Trading.
Like I have USD and decided to trade it with pair BTC-ETH, so before I can trade on that pair, I'll need to exchange my USD to BTC/ETH first.

But in that case, you will not really feel it if you are winning in your trades based on BTC pairs. But it also depends on how much the price of Bitcoin changed.

There are times especially when you are lost some in trading, that in your mind: "Much better if I never traded, and I just hold my BTC for more USD value of it".

QueenVera

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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?.

Topic: When trading, never ignore the statoshi value of your coins - page 5. (Read 1559 times)