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ashao1015
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December 17, 2017, 07:23:24 PM |
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Bitcoin or Ethereum profits are more fair way to measure. If you count in fiat while bitcoin rising more than most of your assets but your fiat is growing you still losing. You can trade with usd on the some exchanges but if we talk about long term measure of profits I'd count only in bitcoins.
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parobber
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Activity: 172
Merit: 11
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December 17, 2017, 08:14:59 PM |
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When trading altcoin on exchanges, most people buy alts with bitcoin(Or lets just say they do).
Now with the bitcoin value rising so high, obviously the alts are comparatively at very low in terms of bitcoin invested.
Lets suppose when invested a certain alt was at 1 dollar, and now it is at 5 dollars. That is a huge profit percentage and perfect time to cash in, BUT its value in bitcoin is still less than the value you bought it for months ago.
What do you do now?
I work in bitcoin or ethereum when trading and always aim to increase those, if I don't I feel like it was a bad trade. Some I do not mind as it increases diversity and reduces risk but not many. At the end of the day as long as everything is positive and my USD amount grows at a good rate I'm happy but as someone who likes to trade it's a point of pride to make sure I grow greater than bitcoin growth otherwise what's the point? |
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bitcad4u
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December 17, 2017, 09:10:54 PM
Last edit: December 18, 2017, 03:51:20 AM by bitcad4u |
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When trading altcoin on exchanges, most people buy alts with bitcoin(Or lets just say they do).
Now with the bitcoin value rising so high, obviously the alts are comparatively at very low in terms of bitcoin invested.
Lets suppose when invested a certain alt was at 1 dollar, and now it is at 5 dollars. That is a huge profit percentage and perfect time to cash in, BUT its value in bitcoin is still less than the value you bought it for months ago.
What do you do now?
I work in bitcoin or ethereum when trading and always aim to increase those, if I don't I feel like it was a bad trade. Some I do not mind as it increases diversity and reduces risk but not many. At the end of the day as long as everything is positive and my USD amount grows at a good rate I'm happy but as someone who likes to trade it's a point of pride to make sure I grow greater than bitcoin growth otherwise what's the point? Bitcoin system fully online process and it rate was varying daily basis and in trading process only we can sell and buy steps in trading in buying time when price was less .We need to sell when the price is high to get more profit .if u may get more profit in the time of selling in high budget . |
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LeChatNoir
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December 17, 2017, 11:22:28 PM |
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I stopped using Blockfolio you get kinda addicted and start looking at it all day now I just track it down once in a while.
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Coinpanion.io - Copy Successful Crypto Traders
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CODE200
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Activity: 1442
Merit: 309
★Bitvest.io★ Play Plinko or Invest!
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December 17, 2017, 11:28:51 PM |
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I focus mainly on the amount of BTC I gained and kinda disregard the net profit in USD. After all, bitcoin is what appreciates in value over time and not your USD. As for alts, that goes the same thing: net profit for BTC is what's more important. Though it is true that even if you gain more USD compared to your initial investment, you still lose some bitcoins in the process which might affect maximizing your profits.
It a sure thing for you if you will manage your Bitcoin as it is in regards to its particular value through Bitcoin. But I think it might help you to find more easy if you are going to used exchanger for you to know the current value of Bitcoin in the particular day. If you will going to see and analyze the changes of the value of Bitcoin in the market it may help you decide the proper decision you cod in time for you to earn more and to have a better earning in the future. |
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youngagethinker
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December 17, 2017, 11:35:59 PM |
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I dont mainlyu trade BTC so Im using alts in trading, i measure my orifit in plain mathematics, when the alts are dump, Im buying lets say ethreum that is measured in USDT and then set a price, whe nit pumps up, and when it reached my desired sell limit lets say 25% of my investment then I let it be, and Im waiting patiently for it to dump and then buy again and invest some of my profit in order coins. Simple yet you need some patience and discipline at your own self. I dont think too much on things like "IF I ONLY SELL MY COINS AT PRICE BLLA HBLLAH BLAAH". Set the limit for yourself.
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Gobeller
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Activity: 156
Merit: 10
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December 17, 2017, 11:37:03 PM |
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Bitcoin or Ethereum profits are more fair way to measure. If you count in fiat while bitcoin rising more than most of your assets but your fiat is growing you still losing. You can trade with usd on the some exchanges but if we talk about long term measure of profits I'd count only in bitcoins.
I was doing this in early 2017 and I left this system because the price of btc and eth is not stable and measuring the profit with dollar is the easiest thing for me. I use dollar values. |
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goaldigger
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December 18, 2017, 12:26:52 AM |
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I measure my profit in just a simple way. im not gonna make it complicated. when I buy bitcoin and after sometime it earns, that is my profit. I dont consider the price when i bought it to when i sell it or encash because i usually dont withdraw my investment and everything is just a digital computation.
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nightways
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December 20, 2017, 07:21:23 AM |
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I focus mainly on the amount of BTC I gained and kinda disregard the net profit in USD. After all, bitcoin is what appreciates in value over time and not your USD. As for alts, that goes the same thing: net profit for BTC is what's more important. Though it is true that even if you gain more USD compared to your initial investment, you still lose some bitcoins in the process which might affect maximizing your profits.
Now, this can be one way of measuring, but the thing is firstly you have to make a decision that what will the currency in which you want to measure the profit. Like this can be one example of measuring the profit in bitcoin, the other can be related to the currency in which you are investing. More over, your initial investment capital and initial purchases of bitcoin will also be one of the factors in this. |
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TWagner92
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December 20, 2017, 07:24:49 AM |
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Measure your profit in bitcoin by buying a physical investment like gold, house, or car. That way your really sure you have earned from bitcoin. Virtual value from your monitor can't be considered as profit yet.
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Krishan_94
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Activity: 68
Merit: 10
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December 20, 2017, 07:26:49 AM |
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Never measure profit in usd. Always try to measure profit in btc. Try to increase your btc amount always through trading..
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hdfatboy04
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December 20, 2017, 07:35:58 AM |
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I am measuring three ways but always confuse myself. Measure based on BTC, ETH and USD....
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syaripudin
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Activity: 672
Merit: 253
CryptoTalk.Org - Get Paid for every Post!
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December 20, 2017, 07:58:15 AM |
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Of course with current BTC prices that are increasing and very high this of course there will be two possible benefits that you can get in addition to the exchange rate with USD which of course is very high besides you can do an exchange to altcoin with low value of BTC but will get high value of altcoin. I think this is a pretty good opportunity for traders who have a lot of BTC because only with the amount of USD equivalent to the value of 1 Dollar and will get a profit that is about 5 dollars so I think with the increase in price BTC is very signi cant for now it really becomes a huge advantage and it just depends on how you are going to do a strategy that you think is pretty good because by using all the ways this is of course very profitable.
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BartS
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December 22, 2017, 07:11:08 PM |
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I'm a bitcoin HODLer. If I invest in something else, I've invested with my bitcoin, expecting (or hoping) that I'll end up with more bitcoin in the end, or at least that my investment is rising faster than Bitcoin. Seeing the overall fiat value is helpful for my whole portfolio, but I don't know what each coin is worth in fiat. People think litecoin and ethereum are doing great because they hit all time highs in fiat. I think they're doing the same as usual because they're nowhere close to the bitcoin value ATH.
If you have fiat you're definitely losing buying power each and every year, so why not take a risk and put it into crypto?
This is the correct way to look at things, since we are investing with bitcoin then we need to care about the amount of bitcoin in our pockets, I made some investments and while the value in fiat is bigger than what I invested I have lost money in bitcoin and that is what I care about since I did not invested in order to get fiat, I invested in order to multiply the amount of bitcoin that I have. |
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itsmeram
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December 22, 2017, 07:38:18 PM |
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The profit in USD will always be the same, the only thing that is constantly changing is the equivalent in bitcoins.
That is what you are proposing in there, and it is right, if you bought ethereum a few months before and if you sell them now, you could probably be losing a lot of money in BTC ratio.
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