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Title: do you work out profit in usd, or in btc or eth? Post by: tonmoycrypto on March 29, 2018, 08:37:18 AM Hi all, have a beginner question. if i purchased gvt for .041200eth @ $32.00usd and sold at .050000eth @ $27.00usd. is this a loss or profit? this is a theoretical question. thanks
Title: Re: do you work out profit in usd, or in btc or eth? Post by: tamango on March 29, 2018, 08:41:48 AM In my opinion the best way to calculate profit is in FIAT (so USD or EUR)... but if you have bought a coin with ETH that you already have, I would calculate profit in ETH and not based on ETH price in $ or €.
Title: Re: do you work out profit in usd, or in btc or eth? Post by: o_e_l_e_o on March 29, 2018, 08:58:13 AM It is both. A profit in terms of ETH, but a loss in terms of fiat.
It is worth keeping track of your trades in both fiat and BTC/ETH/base coin. Tracking against fiat tells you if you are making money or not. Tracking against your base coin tells you if you are making good trades, or if you would be better off just buying and holding your base coin. Title: Re: do you work out profit in usd, or in btc or eth? Post by: midgey on March 29, 2018, 09:02:19 AM I measure in fiat, its what you can withdraw and spend.
Investing and saving of coins on the other hand may be your goal for future growth... in this case you cannot measure profit or loss until you are going to sell :) |