cryptoDARO (OP)
Newbie
 Offline
Activity: 56
Merit: 0
|
 |
December 16, 2017, 10:04:12 AM |
|
Should we measure our investment returns in fiat or in BTC? Does it only depend on when you want to cash out in fiat? I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more? If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jM |
|
|
|
|
qazgroup
Member
Offline
Activity: 1022
Merit: 20
RiveMont
|
|
December 16, 2017, 10:05:42 AM |
|
Real profit makers do measure in reference to btc but common traders and investors that represent the vast majority do track in terms of usd and they are happy if their investment is up with regards to usd.
|
|
|
|
secondgarlic
Member
Offline
Activity: 112
Merit: 16
|
|
December 16, 2017, 10:09:06 AM |
|
I measure it in fiat, I think it's the only way common investors can keep track of their investments.. I always think of it in terms of, how much fiat did I initially spend to buy coins, and how much fiat would I get if I were to cash out all my coins right now. It makes it easier for me to know where I am.
|
|
|
|
followmenot
Sr. Member
Offline
Activity: 533
Merit: 251
Streamity Decentralized cryptocurrency exchange
|
|
December 16, 2017, 10:09:45 AM |
|
I think its better to measure it using bitcoin as oour obvious reason to buy more altcoins is "making bigger bitcoin portfolio". So I choose bitcoin. You can also use ether to measure erc20 profits.
|
|
|
|
|
yndye
|
|
December 16, 2017, 10:14:43 AM |
|
I would measure my profit in bitcoin because even though you are up in dollar but down in bitcoin you are still at a loss because you would have more dollar if you are just holding bitcoin.
Take for example this one. You have one bitcoin with a value of $10,000 and then invested half of it in altcoin. After sometime, bitcoin would go up and as a result, some altcoin would go down. Lets say if you convert your altcoin to bitcoin then it would have a value of 0.30btc + 0.50 btc so you have a total of 0.80btc. The dollar value of bitcoin would be $15,000 per coin so $15,000*0.80btc= $12,000. If you didn't invest in altcoin then you should have $15,000 but you only have $12,000 so you have a loss of $3,000.
|
|
|
|
|
jackhdt
|
|
December 16, 2017, 10:26:47 AM |
|
I measure my profits by $ namely usdt because usdt is the currency less agitated for and stable value. we can not measure profits by Bitcoin because it is greed. Bitcoin has grown so fast in recent times and of course it comes to BTC actually it went down.
I advocate investing in Bitcoin
|
Make me great again
|
|
|
kryptqnick
Legendary
Offline
Activity: 3108
Merit: 1389
Join the world-leading crypto sportsbook NOW!
|
|
December 16, 2017, 10:34:51 AM |
|
Should we measure our investment returns in fiat or in BTC? Does it only depend on when you want to cash out in fiat? I've been measuring my investment returns in fiat, and it was almost always going up. But when it comes to BTC it actually went down. Should we cash out our alts into bitcoin and accumulate more? If you're interested in the topic and have similar dilemma, then I recommend you watching this video: https://www.youtube.com/watch?v=FkKYuoRg6jMI prefer measuring profit in fiat, because this way it surely goes up more, than if I consider bitcoin. I don't use bitcoin in real life, so I guess fiat profit is more reasonable. Yet surely I try to keep in mind that sometimes I take some btc and buy an altcoin which then gives me 2x profit if counted in usd, but if I just kept that money in bitcoin, it would have given me 3x profit in usd. It is really unbelievable that one can make thorough research and invest successfully in an altcoin and smb else can buy btc and do nothing and in the end turn out to have higher profit than you did. |
|
|
|
shaun98
Member
Offline
Activity: 238
Merit: 10
|
|
December 16, 2017, 10:56:59 AM |
|
I measure profit in fiat, but I only consider it profit when I cash out.
|
|
|
|
|
Red-Apple
|
|
December 16, 2017, 11:15:37 AM |
|
there is no real answer to this because to me it is like asking "are you measuring your profit in USD or EUR or JPY or CNY,...?"
bitcoin is also a currency and it has the volatility like others but bigger.
with that said, it depends on what you use to invest in them. for example when you are using bitcoin then you must measure it in bitcoin and if invest with fiat then measure in fiat. if you do it any other way, you will get wrong results.
for example if you invest 1BTC in an altcoin when the price of it is 0.1BTC and bitcoin is $5000 and then that altcoin starts getting dumped down to 0.05BTC and you sell at 0.8BTC you have lost 20%. if you measure this in BTC then your stats will be correct. but if you measure it in fiat, bitcoin is no $10,000 and your 0.8BTC after loss is $8000 instead of your initial $5000. your stats will show gain but in fact you lost $2000
|
--signature space for rent; sent PM--
|
|
|
Trimegistus
Legendary
Offline
Activity: 1564
Merit: 1027
|
|
December 16, 2017, 11:21:12 AM |
|
I measure profit in fiat, but I only consider it profit when I cash out.
Same thing here, I measure the amount of fiat currency I cash out. Most of my investments are in altcoins so the BTC pairing is often misleading. |
|
|
|
virtualhero
Member
Offline
Activity: 161
Merit: 10
|
|
December 16, 2017, 11:55:19 AM |
|
I measure profit in fiat, but I only consider it profit when I cash out.
Same thing here, I measure the amount of fiat currency I cash out. Most of my investments are in altcoins so the BTC pairing is often misleading. Let us not fool ourselves. You have to measure your profit in bitcoin and not in fiat if you are trading it with altcoin vs. BTC. You can only base your profit in fiat if you trade bitcoin vs. fiat. Don't give an excuse to yourself because you lose on trading. The moment you accept that you did a mistake the more you get better in trading. |
|
|
|
|
Trimegistus
Legendary
Offline
Activity: 1564
Merit: 1027
|
|
December 18, 2017, 06:29:56 PM |
|
I measure profit in fiat, but I only consider it profit when I cash out.
Same thing here, I measure the amount of fiat currency I cash out. Most of my investments are in altcoins so the BTC pairing is often misleading. Let us not fool ourselves. You have to measure your profit in bitcoin and not in fiat if you are trading it with altcoin vs. BTC. You can only base your profit in fiat if you trade bitcoin vs. fiat. Don't give an excuse to yourself because you lose on trading. The moment you accept that you did a mistake the more you get better in trading. Until recently, I was a miner and a staker. Everything I mined was converted to fiat to pay for the electricity and to get my ROI on the GPUs. Once that was done, all my profits were invested in a PoS altcoin, namely DMD. Now, I'm generating revenue and selling minimal amounts for fiat. Obviously I have to measure my profits in fiat! |
|
|
|
alex_rada
Full Member
Offline
Activity: 203
Merit: 100
This is bat country!
|
|
December 18, 2017, 06:33:54 PM |
|
I measure in fiat but never sell at a loss in Bitcoin value because that would mean have less that if I had just held Bitcoin.
|
|
|
|
|
JoyofCrypto
Member
Offline
Activity: 198
Merit: 10
|
|
December 18, 2017, 06:37:47 PM |
|
I measure my profits only in BTC. The main reason people trade altcoins is to get more bitcoins. You do buy altcoins with bitcoin not fiat after all. So if you sell for less satoshis than you bought it's not really a profit, your fiat increased only because BTC increased.
|
|
|
|
|
|
babsjoe
|
|
December 18, 2017, 06:42:06 PM |
|
If you are trading for fiat, you can measure your trade in fiat and calculate your profit in usd. I trade against altcoin with bitcoin. so I am keen on seeing my bitcoin increase in satochis
|
|
|
|
|
|
babsjoe
|
|
December 18, 2017, 06:44:04 PM |
|
If you are trading for fiat, you can measure your trade in fiat and calculate your profit in usd. I trade against altcoin with bitcoin. so I am keen on seeing my bitcoin increase in satochis
|
|
|
|
|
|
tororoshka
|
|
December 18, 2017, 07:58:20 PM |
|
Six months ago I measured my profits in bitcoins. But to watch how the number of my bitcoins decreases was very sad and so I began to measure my profit in dollars. In general, there are crypto-currencies, the profit from the sale of which is better measured in dollars-such as the ethereum, neo. And such coins as a trust, waves, gup-it is possible to fix profit in bitcoins. It's my opinion.
|
|
|
|
Gloria_16
Member
Offline
Activity: 112
Merit: 10
|
|
December 19, 2017, 11:56:40 AM |
|
I think his profits should be measured primarily in percentage, and then in dollars, although I understand that the dollar is losing relevance, but it is more convenient to read than in the btc))
|
|
|
|
|
|
Catmony
|
|
December 19, 2017, 12:05:03 PM |
|
I am a type of guy who always want to increase total bitcoin holding along with few other alts like ethereum, litecoin etc. When all other alts or tokens get pumped in terms of bitcoin than only I sell them for bitcoin rather than for fiat and keep that bitcoin or invest it in another coin and keep doing so to increase my total bitcoin holding.
|
|
|
|
|
|
sparg
|
|
December 19, 2017, 01:10:39 PM |
|
The profits shoul be measured in a refference value that doesen`t change to much. Thats why it is best to measure it in dollar or in the currency of your country. I say this because ultimatly you are interested in the money you have in youre own pocket and you can spend. After all you did spend money to make that currency and you need money to your day to day spending.
I hope i made myself clear why i am using dolar for my refference and i suggest everyone to do so.
|
|
|
|
|
