Bitcoin Forum

The idea was simple; buy $80 worth of sushi or Bitcoin.  So, I'm here just starting to day-trade – just for fun, and as a means to educate myself. My target was 4% (minus fees).

So I bought 16 STRAT coins for 0.00111595 Bitcoins each (around $4.02). The idea was to wait until the value of STRAT increased by 4% (to $4.18), which it did today, then convert back to BTC.

Bought 0.00111595 (approximately 4.02)
Sell Order 0.00116132 (approximately 4.18)

The problem is that on Bittrex, I can only trade between Bitcoin and other crypto currencies. Both fluctuate. So while the price of STRAT has increased, the price fluctuation with Bitcoin has cancelled out my profit. Current price is 0.00107882 - (approximately 4.27). And I'm having a nightmare trying to figure out how to make things work.

Suggestions welcome. What am I doing wrong? How do I increase my BTC by 4%?

Don't pay as much attention to USD prices, instead focus on BTC prices in relation to your trade. If you started the day with .02 BTC then aim for .0208 BTC.

If you believe in the token your actually trading in can do it based on token start value vs token end value. Or like Savik suggested use BTC total instead of converting back and forth into your FIAT, just gets complicated that way.

You are trading with BTC value, not with USDT, and you must knew that. Maybe you bought 1 coin at 0.001 yesterday, and it was $4 each. But tomorrow it is 0.0009 and it is worth $4,20 (because of increase of bitcoin price). If you decide to sell those coins, then you are going to be in a profit of $0,20 for each coin you bought, but you are going to be in a loss in BTC value, since it dropped from 0.001 to 0.0009

Excellent Advice

what I did was buy STRAT at 0.00111595, then added 4%, which gave me a SELL price of 0.001160588, yet the price in BTC has dropped considerably, while the fiat value has gone up! Bizarre!

I think the problem is that the price of BTC/STRAT wasn't fast moving, so any gain in STRAT price has been cancelled out by UDS/BTC.

You are not doing anything wrong.

This is something that you need to deal with every single day if you will start to trade cryptocurrency.  it is purely preferential as it makes no difference to your actual profit love you but rather how you view your profit. Simply keep track of everything including your profit and losses in fiat if that's what you feel more comfortable doing.

Alternatively, you can also trade some altcoins for USDT directly(which is pegged to 1 USD) and essentially ignore the BTC pricing altogether.

Great I have always wanted to ask bittrexx is so complicated for newbie.

welcome to crypto trading
where you can profit, but on one side you lose.
for the first .
make some target.
like u say 4% .
ok , you get it.
i mean u already profit with btc value right ?
just it.

so about other side , about usd value
i mean btc/usd value its not your mistake.

There's no way to increase BTC by 4% other than picking the right stock. You learnt from your mistake that you need to watch fluctuations in prices for both USD and BTC with minor loses. It's all just a case of picking an alt coin you believe in. If your trying to scalp you will eventually loss big unless you know what your doing and are doing extensive research daily to keep up with the news/current events.