How do you know when you are in profit? USD or Satoshi?

[xhienigat]

I think it actually depends on your choice of currency, anyways mostly at the end of the day you are still converting your coins to USD or your country's currency right?

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[SingAlong]

I am a little confused because I have always looked at the satoshi prices, but sometimes I hear people say that you should look at the dollar value if you are in profit or not. But when you trade at an exchange to BTC all the peaks and vallies are measured in BTC? Should you follow dollar value or satoshi value to know if you are in profit? Or do just have to choose one of them and stick to it? For example if I buy at 0.1 satoshi and now the chart show 0.12 satoshi I think I am in profit? But is that not always the case? I am using cointracking for example to see if I am in profit or not. If I look at BTC value of Doge I am currently in -7% on the coin, but if I switch to dollar I am +0.09%  It is very confusing..

Does it have to do with if you plan to keep your money inside crypto or take it out? If you plan to take it out I guess dollar is more important, but my plan is to stay in crypto for the long term so dollar value is not even important at that point...?

I mean if you buy a coin at 0.1 satoshi and you sell it at 0.2 satochi you have sold in "profit" even if btc would have sunken 90%?

It depends.

When you trade, it is with BTC/(other coins) which you measure your profit in BTC since it is the basis. While if you say Bitcoin alone then you ought to measure it with dollar since it is the basis. That's the simple logical explanation and no need to elaborate more. No need to be confused.

[Kevin77]

I am a little confused because I have always looked at the satoshi prices, but sometimes I hear people say that you should look at the dollar value if you are in profit or not. But when you trade at an exchange to BTC all the peaks and vallies are measured in BTC? Should you follow dollar value or satoshi value to know if you are in profit? Or do just have to choose one of them and stick to it? For example if I buy at 0.1 satoshi and now the chart show 0.12 satoshi I think I am in profit? But is that not always the case? I am using cointracking for example to see if I am in profit or not. If I look at btc and amp Doge I am currently in -7% on the coin, but if I switch to dollar I am +0.09%  It is very confusing..

Does it have to do with if you plan to keep your money inside crypto or take it out? If you plan to take it out I guess dollar is more important, but my plan is to stay in crypto for the long term so dollar value is not even important at that point...?

I mean if you buy a coin at 0.1 satoshi and you sell it at 0.2 satochi you have sold in "profit" even if btc would have sunken 90%?

Well you have to choose your reference... every price is in reference of something else. If you value BTC more than USD, then you will be happy to make BTC gains. If you care about USD, then you will be happy if your USD go up... it's all about reference, there's no global value.

If you think BTC is a long term winner, then focus on making more BTC and forget about USD fluctuations.

I totally agree, although I would assume by mere logic that the main reason to join this world of crypto coins is the the desire acquire bitcoins and set aside fiat money, especially the dollar. So I always consider that I am in profit when at the moment of closing a trade it leaves me with more bitcoins than when I opened it.

I like your optimistic approach towards the cryptocurrency but let me remind you that currently the cryptocurrency don’t have the strength to be the only choice for us to make it the only way of payments so, we are basically in need of the USD. If it was not so then the price comparison of the Bitcoin would not be judged by it purchase price with the USD.

[streazight]

Any gains in BTC is also a gain in USD value keep that in mind. There are just some variance in prices in exchanges since there are different activities in different markets.

This is not always true, for example you've closed your altcoin position with 5% profit in BTC, but Bitcoin dropped 10% during that time, than you've actually lost 5.5% of your investments USD value. So, both USD and BTC values of your trade are important. There are actually two methods of trading cryptocurrencies - one is only increasing your BTC value and stacking Bitcoin for long term, and the second is increasing your USD value at the current moment, by selling Bitcoins during peaks, even if it means that you have to close your position on altcoins prematurely. The second method is the most profitable, because you will be getting profit from both altcoin and Bitcoin volatility, but it's very hard to execute on practice and requires big amounts of attention and experience.

Yes exactly for us being the investors both the USD and BTC are equally important. There is some sort of correlation between the BTC and the USD because both are the symbols of wealth and also that the investors hold BTC for a long time only for the reason so that they get more UDS’s from the sale in the future which also makes a sense.

[hase0278]

I am a little confused because I have always looked at the satoshi prices, but sometimes I hear people say that you should look at the dollar value if you are in profit or not. But when you trade at an exchange to BTC all the peaks and vallies are measured in BTC? Should you follow dollar value or satoshi value to know if you are in profit? Or do just have to choose one of them and stick to it? For example if I buy at 0.1 satoshi and now the chart show 0.12 satoshi I think I am in profit? But is that not always the case? I am using cointracking for example to see if I am in profit or not. If I look at BTC value of Doge I am currently in -7% on the coin, but if I switch to dollar I am +0.09%  It is very confusing..

Does it have to do with if you plan to keep your money inside crypto or take it out? If you plan to take it out I guess dollar is more important, but my plan is to stay in crypto for the long term so dollar value is not even important at that point...?

I mean if you buy a coin at 0.1 satoshi and you sell it at 0.2 satochi you have sold in "profit" even if btc would have sunken 90%?

It really depends on what you want to do. If you want to keep your trading profits in cryptocurrency for a while before a big pump in btc occurs, you can say that you are in profit if the amount of satoshi you invested have multiplied. If you always cash it out and convert it onto fiat, you can say you are in profit if the amount of dollars you invested have multiplied.

[Emitdama]

I think it actually depends on your choice of currency, anyways mostly at the end of the day you are still converting your coins to USD or your country's currency right?

If you earn Satoshi it's mean you are earning in bitcoin it is a unit of bitcoin.As we know from Satoshi dollar far better. because there are many numbers of Satoshi is not even equal to 1 Dollar.So i will recommend USD.

[gabmen]

I think it actually depends on your choice of currency, anyways mostly at the end of the day you are still converting your coins to USD or your country's currency right?

If you earn Satoshi it's mean you are earning in bitcoin it is a unit of bitcoin.As we know from Satoshi dollar far better. because there are many numbers of Satoshi is not even equal to 1 Dollar.So i will recommend USD.

Your earnings would still depend on the convertion of the amount of btcs you've accumulated. Though for me personally, i don't really mind that because i usually put any earnings i get back to trading. I only withdraw when i need to so i'm not really that much concerned about the exchange rate to fiat yet

[xuan87]

Choose one of them to become your reference, if you trading btc with alt coin then I suggest you to just used bitcoin, don't get mixed up because sometimes you probably got minus in dollar but you can get positive in btc that is because the price of btc is dropping, it's a beginner confusion, just choose one then you can know you are having profit or not

[Kemarit]

I think it actually depends on your choice of currency, anyways mostly at the end of the day you are still converting your coins to USD or your country's currency right?

If you earn Satoshi it's mean you are earning in bitcoin it is a unit of bitcoin.As we know from Satoshi dollar far better. because there are many numbers of Satoshi is not even equal to 1 Dollar.So i will recommend USD.

Your earnings would still depend on the convertion of the amount of btcs you've accumulated. Though for me personally, i don't really mind that because i usually put any earnings i get back to trading. I only withdraw when i need to so i'm not really that much concerned about the exchange rate to fiat yet

Exactly, It depends on the btc/USD conversion. Personally, I don't used USD but my local currency. But USD is also fine with me and I got to used with the conversion and I know when I have profited or not. I just look at the price of bitcoin then I just calculated in my mind how much I got today or should be getting specially if I do day trading. Then I just withdraw from trading platform the earnings and just left enough bitcoin to continue my trading practice.

[Idrisu]

I think we should calculate profit or loses through dollars as it value is always statics. Satoshi reduce and increase in values in high rapidity. Though all the exchangers platform rate your trading in bitcoin but I don't see it in that way  i see it like when it reach my hand.

[pearlmen]

For me I measure based on dollars because I mostly hold for a specific number of days and because I hold in btc, then the value of my 0.01btc is always constant since I don't keep where I get interest on deposit but the relative value on it in USD shows whether I am losing or not that my 0.01btc is no longer 25$ but now 32$ depending on the direction of price.

[amaral1977]

Thats actually your decision. Are you trading BTC against USDT or ALts to increase your BTC stack or are you doing it for Fiat profit? a good advice i heard one of this days is to keep track on both. So you know you are increasing your BTC, and you now if you are getting more profit that to just let your BTC alone and seeing the value growing.

[PinkB]

Actually i am using Blockfolio android apps for this. It help me find out easily i am in profit or loss,and it is USD or BTC, also i can watch that easily. I think its the easiyest way to watch or calculate loss/profit. You can try it dude.

[FLoving]

Any gains in BTC is also a gain in USD value keep that in mind. There are just some variance in prices in exchanges since there are different activities in different markets.

This is not always true, for example you've closed your altcoin position with 5% profit in BTC, but Bitcoin dropped 10% during that time, than you've actually lost 5.5% of your investments USD value. So, both USD and BTC values of your trade are important. There are actually two methods of trading cryptocurrencies - one is only increasing your BTC value and stacking Bitcoin for long term, and the second is increasing your USD value at the current moment, by selling Bitcoins during peaks, even if it means that you have to close your position on altcoins prematurely. The second method is the most profitable, because you will be getting profit from both altcoin and Bitcoin volatility, but it's very hard to execute on practice and requires big amounts of attention and experience.

Yes exactly for us being the investors both the USD and BTC are equally important. There is some sort of correlation between the BTC and the USD because both are the symbols of wealth and also that the investors hold BTC for a long time only for the reason so that they get more UDS’s from the sale in the future which also makes a sense.

Both are keeping going good.It up to you to choice Bitcoin or USD. If your choice is Bitcoin then you will need to wait for a period that the price of it increase and you will get the profit. If your choice is USD. Then it is easy to know that you are in profit or loss as it may take years to give you the profit like bitcoin . In Bitcoin people think there is a little risk but it is now secured and everyone get the profit.

[sweetbet]

I personally prefer to use USD to determine how much $$$ I made or lost, but I also check if the currency is still worth the same amount in BTC.

[Andre_Goldman]

USD ... because I have chosen liquidity as a metric ...

What is 'Liquidity'
Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price.

Market liquidity refers to the extent to which a market, such as a country's stock market or a city's real estate market, allows assets to be bought and sold at stable prices. Cash is the most liquid asset, while real estate, fine art and collectibles are all relatively illiquid.

http://www.investopedia.com/terms/l/liquidity.asp

Following that logic .. btc is have much more liquidity than alt coins ... in general btc is the entry/exit point of alt con

usd>btc>altcoin

[ASHLIUSZ]

Any gains in BTC is also a gain in USD value keep that in mind. There are just some variance in prices in exchanges since there are different activities in different markets.

This is not always true, for example you've closed your altcoin position with 5% profit in BTC, but Bitcoin dropped 10% during that time, than you've actually lost 5.5% of your investments USD value. So, both USD and BTC values of your trade are important. There are actually two methods of trading cryptocurrencies - one is only increasing your BTC value and stacking Bitcoin for long term, and the second is increasing your USD value at the current moment, by selling Bitcoins during peaks, even if it means that you have to close your position on altcoins prematurely. The second method is the most profitable, because you will be getting profit from both altcoin and Bitcoin volatility, but it's very hard to execute on practice and requires big amounts of attention and experience.

Yes exactly for us being the investors both the USD and BTC are equally important. There is some sort of correlation between the BTC and the USD because both are the symbols of wealth and also that the investors hold BTC for a long time only for the reason so that they get more UDS’s from the sale in the future which also makes a sense.

Both are keeping going good.It up to you to choice Bitcoin or USD. If your choice is Bitcoin then you will need to wait for a period that the price of it increase and you will get the profit. If your choice is USD. Then it is easy to know that you are in profit or loss as it may take years to give you the profit like bitcoin . In Bitcoin people think there is a little risk but it is now secured and everyone get the profit.

There is nothing like that as mentioned. With btc it is risky and with USD we don't have any sort of risk. Both are similar only thing that makes the difference is that bitcoin calculation is little complex than the USD. This makes majority of the users calculate everything in terms of USD.

[el kaka22]

For bitcoin against fiat trading both are same.
For bitcoin against another crypto, I will look at satoshi differences to determine whether I am into profits or not.

[Willitivity]

The reason for the change is because Altcoins are measured against BTC. And BTC is measured against Dollar.
Here is the thing, if you buy a certain units of a coin for 0.1BTC and then 0.1BTC is $200. You might have some percent increase in the value of the coin, but your BTC value won't increase, that's cus the value of BTC has gone from it was when you bought the coins and vice versa.

[digaran]

If you are unable to figure whether you are in profit or not in your daily trades then you should stay away from trading before you go bankrupt, simple math and calculations suffice to know, always calculate your orders in satoshi because USD value is constantly changing and you'll end up in negative instead of positive.