Bitcoin Forum

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?

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..

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.

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.

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.

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.

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.

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.

Bitcoin trading essentially requires one to think differently from conventional forex trading

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.

My end goal is more fiat  ,more btc is tp convert it to fiat more foat is exactly in exchange .but when i will hold my btc i will convert it to bitcoins as well.

what are bitcoin denominated investments? Are there financial instruments that is bitcoin denominated?

I don't really trade. If I did it would certainly be for Bitcoin, not my local currency.

Given that in the long term, Bitcoin is going up, I always aim to get more Bitcoin instead of more fiat.
Although I'm thinking of converting a bit, to make it a little bit more safe in case of a sudden dump.

When you trade with BTC, you get more BTC - simple and easy. If you trade with fiat, you get more fiat. The difference can be if you trade with many not so popular fiat, which is not so easy to exchange to main fiats.  ;)

Both more fiat and more bitcoin.

More fiat = More chance to bag some bitcoin when the price dips

More btc = More fiat when you are going to make some profits

My goal is : take advantage of anything that can bring good to your trading strategy

If you think of it that way, then yes I agree.   But if you're trading with the hopes of buying a new car,  for instance,  getting more fiat is the more reasonable goal.  For me it's usually just more bitcoin, which lately I've been trying to save.

when i started trading i was thinking that i will get more profit and then i will sell all my bitcoins to fiat, as i thought that bitcoin won't last long then so i wanted to get as most fiat as possible

but now times changed and i think that i won't sell my bitcoins that i got from trading to fiat as bitcoins are very popular and their price rises each month so i think i will keep them

Do you trade manually or utilise some trading engine? Are you a full time trader? If there is a trading bot that could trade 24/7 and each trade you gain hundreds of satoshis (btc) or few cents (fiat), you will gain a considerable sum monthly.

it's obviously more bitcoin for me because my aim is i can invest my bitcoin on particular amount and i wish i could do that in this year
also the current prices looks pretty good for short term and long term investment

well i play to stop trading in 4 years, after halving in 2020 so it will depend how popular bitcoin is, and of course what is bitcoin's price then for sure, i will know then

if bitcoins price will be low, then i will probably sell all my coins to fiat and stop doing anything with bitcoin, but if it's price will be large then i think i will buy bitcoins for all my money

Both! I try to get a good percentage from both! But I try to store wellness with btc ;)
easy and with the potential to growth in the future!

More bitcoin for me then exchange to fiat :-)

Check my channel to help your trading needs (signals on where to buy/sell)

https://bitcointalk.org/index.php?topic=1504184.msg15160345#msg15160345

Well as for me my goal is more FIAT of course... ahhaha

I think in this case we should have to think for more bitcoin not for more fiat, as with bitcoin you canearn with price rise also and with fiat your money will be the same which you get in the start.

Looking at the good prices of BTC, the choice is clear, I am going for more BTCs :)

Yeah its the best to choose buying bitcoin but the problem i think your late because the price of bitcoin right now is above 700 value and i think its impossible to buy right now because of high price.. but if you are believing that bitcoin can be still increase this following week better  to buy right now and hold.

Some said it's too late to buy and hold bitcoins now.

Most traders use bot to play the market and what is scary about bitcoin market is that it never sleeps