cryptogirls85
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Trying to be someone... someday
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December 19, 2017, 01:22:23 PM |
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Well... I hope when one day I have enough invested in any coin(s) I would probably stick to how much BTC I have... so the higher that value becomes.... the higher the profit in the long run. I hope it makes sense
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penig
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Merit: 13
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December 19, 2017, 01:29:33 PM |
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People will go to $ because thats what the headlines are in and they put money in and out in local currency (converted to $). However, coins diverge from the benchmark BTC value, so you can double $ value while losing BTC, net effect is you lost against holding the same amount in BTC. People need to switch to using BTC/Satoshis (which oddly is common for small priced coins), starting with setting CoinMarketCap to show BTC.
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Blakscorpion
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Merit: 100
CryptoFan
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December 19, 2017, 01:32:54 PM |
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Profit is simple to explain. It's what you earn minus what you paid. To buy bitcoin you had to use FIAT. So calculate how much fiat you spent, and remove this value from the value of your whole portfolio today. The final value is your profit. Of course it's a dynamical value if you didn't cashed it back, because your coins will take or loose value. But you can calculate the current profit now.
There are a lot of apps to visualise your portfolio and your profits.
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CryptoBuds
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Merit: 1046
HODL
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December 19, 2017, 01:33:25 PM |
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In the real world I mostly spend fiat so all my portfolios are measured against $. It doesn't look nice at all when you change the settings from $ to BTC
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lokinator
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December 19, 2017, 01:35:22 PM |
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I cash out crypto for fiat regularly -- so I always measure my holdings in fiat value. It's always nice to remember that you haven't made any profit until you cash out. Crypto profits are imaginary until you see fiat in the bank account.
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12popi123
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December 19, 2017, 01:47:09 PM |
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i always measure in btc. Because i believe in value of bitcoin. Because when i buy alts i buy them with btc not usd
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Paradoxall
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December 19, 2017, 03:44:09 PM |
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I cash out crypto for fiat regularly -- so I always measure my holdings in fiat value. It's always nice to remember that you haven't made any profit until you cash out. Crypto profits are imaginary until you see fiat in the bank account.
But what about when we will be able to pay almost everything with crypto soon? Then you have vashed out the moment you converted to BTC, LTC, ETH or other accepted currency? How will we measure then?
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Trimegistus
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December 20, 2017, 08:53:42 AM |
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I cash out crypto for fiat regularly -- so I always measure my holdings in fiat value. It's always nice to remember that you haven't made any profit until you cash out. Crypto profits are imaginary until you see fiat in the bank account.
But what about when we will be able to pay almost everything with crypto soon? Then you have vashed out the moment you converted to BTC, LTC, ETH or other accepted currency? How will we measure then? We are still very far from the day when will will be able "to pay almost everything with crypto". That would require a huge crypto acceptance and some kind of stable crypto/fiat pairing. That implies heavy crypto regulations. And that is not yet on the horizon...
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cryptochr
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December 20, 2017, 09:45:21 AM |
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I usually measure my profits in fiat, as its the currency i use most often. It's probably best this way, especially if you withdraw often from cryptocurrency into fiat.
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Valzador
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December 20, 2017, 09:50:41 AM |
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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 am more comfortable measuring income with bitcoin as the main reference but when we want to calculate "right" then I refer to the dollar
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chrisfatos
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Activity: 224
Merit: 104
DIW - Decentralized Security
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December 20, 2017, 01:23:58 PM |
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Profit is simple to explain. It's what you earn minus what you paid. To buy bitcoin you had to use FIAT. So calculate how much fiat you spent, and remove this value from the value of your whole portfolio today. The final value is your profit. Of course it's a dynamical value if you didn't cashed it back, because your coins will take or loose value. But you can calculate the current profit now.
There are a lot of apps to visualise your portfolio and your profits.
This is the best way to explain it. Once you deduct the outgoings from the income, that's your profit. You can get apps online to help with calculating your profits and so forth.
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Gogochen
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Activity: 238
Merit: 10
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December 20, 2017, 01:34:53 PM |
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I think you should use the French currency, because you will eventually have to sell the bitcoins for the French currency. If your bitcoin has been increasing, but the French currency has been declining, what's the point?
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cryptogeek101
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December 20, 2017, 01:52:13 PM |
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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 have watched the video and it's quite interesting. The concept of profit measurement in finance is a wide one. Measuring profit with Bitcoin as the standard is also quite appealing. I believe we could avail ourselves with this great lesson. Fiat currency is becoming outdated because the whole world is going digital. Bitcoin is digital and fast. It's a 4th dimension digital currency. Embrace it!
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Shirin16
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December 20, 2017, 01:52:34 PM |
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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 think we should invest the results of the crypto world into fiat but not completely, there is still a divided into bitcoin and certainly do not forget altcoin, because many altcoin which is beneficial for us. I personally have shared not only the focus of investment in BTC or altcoin or fiat so everything can be balanced. (that's in my opinion and my experience) thanks for your advices..
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engin978
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The Future of Sports is Fan Controlled
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December 20, 2017, 02:06:44 PM |
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Of course measuering with BTC is correct.. Let me explain you with a sample... In jewellery business, if you want to calculate your profit, in the beginning of the year if you started with 1 kg gold, end of the year you calculate again, less is loose, more is gain... People in jewellery business never calculate their gain by money!!! Doesnt matter if gold is 100$ or 100k $..... So in coinmarket for me Bitcoin is like gold....BTC can be 100k$,this is my +.... But for me it is not logic to calculate profit by usd...
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Welckomtome
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December 20, 2017, 02:09:47 PM |
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I think its coming to bitcoins because I think it's right, I buy altcoins to increase profits exactly to bitcoin
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beachbummer
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December 20, 2017, 02:50:16 PM |
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Let's all take a step back and not polarise this question into right and wrong. There are many different ways to measure profit and many forum members have already made their case well. Personally I measure profit in fiat because that is ultimately what I can spend in day-to-day life, but I fully understand when people want to maintain profits in BTC because they look at it as crypto trading profits. Society had hundreds of years to determine how to measure length and yet we still have the imperial and metric system...
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shiningstar
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Merit: 100
Qravity is a decentralized content production
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December 20, 2017, 02:56:48 PM |
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I measure mine against btc or eth because when i buy the coin, i use btc or eth so i know i earn something from the trade or it was better to leave it in btc because i can earn more. I also have some trade that i measure against fiat like eth and btc because i bought them using fiat.
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gorodi
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December 20, 2017, 03:06:07 PM |
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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 measure my profits in percent for definite period of time and in definite currency for example in the equivalent of USD. 14% ETH, 12%BTC I settle this in dollars and see how much I have earned.
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CrowdFunder
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December 20, 2017, 03:07:28 PM |
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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=FkKYuoRg6jMPeople mostly invest in altcoins in order to accumulate more btc so it makes sense then to measure profits in btc, otherwise what is the point in buying up altcoins over btc? The only time I really take an interest in fiat profit is when I'm down in btc then I can say to myself at least I'm still doing well in fiat.
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