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Author Topic: How should you measure profits?  (Read 379 times)
lakimens
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December 23, 2017, 11:35:46 AM
 #61

Current portfolio value - initial investment, in USD of course.

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December 23, 2017, 11:37:33 AM
 #62

Measuring it by percentage is the best way to do so. Measuring gains via Fiat conversion doesn't accurately say how well you did on your trades.
cryptonero
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December 23, 2017, 11:40:28 AM
 #63

If you aim to get more BTC as many as you can you should measure it in satoshis instead of fiat.

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December 23, 2017, 12:05:53 PM
 #64

In my opinion, it should be denominated in French currency, because I am buying the cryptocurrency via fiat money, and eventually I will change it to legal coin, so I should use the legal coin to calculate it.

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December 23, 2017, 12:43:22 PM
 #65

My aim is to have more btc's not to gain more usd,because satoshi flactuates and usd doesnt.

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December 23, 2017, 12:58:33 PM
 #66

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

Myself I measure profits in USD. It's easier for me to monitor my money this way. It' harder for me to know how much money I have when there are 14, 89 or 100 BTC in my balance (this was just an example, I don't have that much).
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December 23, 2017, 01:16:59 PM
 #67

You should measure profit based on bitcoin, not USD or any FIAT when trading. But if when cashing out you should think about FIAT/USD. The price fluctuates a lot so measuring profit in fiat is absolute. But it depends on peoples preference. Some people likes to measure profit based on fiat, so if they do make more btc they end up with less fiat due to price fall. The vise versa applies too.

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BabatundeM
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December 23, 2017, 02:03:49 PM
 #68

I think profit should be measured in relation to the amount initially invested.
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December 23, 2017, 02:10:37 PM
 #69

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
Calculate every piece of it and multiply it by the value or price. Dont know how to put it right in words though but i have some calculations about how to identify the huge or potential profit from it. If lucky it would be doubled or tripled. Measure it by 1 or the equivalent of every piece of it and multiply it by your target price.
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