Did i make or lose money on this trade?

[almightyruler]

Exchanging is excessively hazardous, in this manner we need to go for broke so as to succeed. Maybe the vast majority see loses likely on new comers, however later on, we can cause at risk consultation so as to dodge loses and guarantee the extraordinary achievement. And furthermore I beleive that we can pick up cash accirding to our hardwork and perspection.

Have a look at portfolio balancing, which periodically buys and sells coins so that equal value is spread over two or more coins. Doing this generally sells a coin as the price rises, and buys as it falls. This is contrary to the "hodl until moon, then dump for maxxx profit before crash" strategy, but in the long term it will reduce risk. You probably won't make as big a profit as if you bought and held a coin that rocketed, but you also won't make as big a loss if it goes the other way.

[1714796967]

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[TheUltraElite]

You cannot compare the usage or interest of both, when did usdt come into existence that people would trade more for it, the reason why many people trade for now is to earn some fiats and the most popular fiat we still know right now is USD, although we still have some people that are holding usdt, but they are doing so to actually continue to keep the value of the fiat that will be used for further trade.

Its called hedging and I would say they are being practical about the price if they are doing so. Not that I like USDT, I feel its a big ponzi nothing different from what fiat is in reality and it is just a digital representation of the same, just done by Bitfinex to promote it, powered by the FUD news spreading mass media. Again as long as it is present it is good option to tide over a bear market or just save your assets in some other form of value. But when is it going to collapse or when is another tether induced pump is coming is still a mystery.

Once people trade, they tend to convert it straight to USD because that is the best pair to use for getting their money into their traditional bank.

There are exchanges that allow directly payment on credit card if you need that. Cex is one such exchange but you would need pay some decent fees if you decide to proceed with this.

[w3s7]

You've been an active participant in a pump-and-dump scheme Congrats!

[pinkpanther03]

I bought an altcoin a long time ago.  I spent around $850 to buy it.  Example say i bought it at $0.01.  So i bought 85000 of it roughly.  I sold it when it was a bit over 2 cents... but sold exactly half.  Let say i originally spent 0.045 btc to all that altcoin.  When i sold the altcoin... i got back about 0.05 btc.  And of course i still had about 42500 of the altcoin.  But that altcoin has dropped over 90% and i still have it now.



Does that mean even if that altcoin i have go to 0... i still profit because i spent 0.045btc originally for the 85000 altcoins and got back 0.05btc for selling 42500 altcoins?




The thing is the btc that i received back when i sold the altcoin... i still have it.  But the btc price that i received the btc for the altcoin sale was higher than the current btc price now.  So in the end no matter what, i profited because i received more USD worth back then for the sale of altcoin? Or because i received more btc than i started with?



In terms of income, its the USD.  But in terms of btc accumulation, its the 2nd part but still its a yes because i received more btc than i put in it for altcoin right?



Now the thing is do ppl consider altcoin gain or loss... when you sell an altcoin for btc... do you look at the current usd value of total btc received?  Or you look at how much btc you received back?  Because you can easily receive less btc than you originally spent on the altcoin... but the usd value of the btc is worth more.  You could also have a usd loss but receive more btc than you put in... assuming that altcoin does better than bitcoin itself..

If you are going to look at it literally, well I could say you already loss. However, as long as your not selling your coins even the price goes down to 90% or even to the bottom 0, you can still recover your loss. But once you sell it and become sold you are really loss mate.

[wxxyrqa]

Can you still not worry and be patient, leaving all your assets for long-term storage?  I am still aligning all my opportunities with the period that was in 2017.  Today every month I still buy Bitcoin and Ethereum, albeit in small quantities, but still plan to store them until the price reaches $ 20,000 or more again.  We need to wait and not worry that we can lose something.

[Yamifoud]

Think of what you did in your self or tried to listen to what people say. We know how it hard to gain profits by now and if you are a tired and impatient person it surely you can't be profitable and you could only be losing at your ends.

What we have now is to stay and think positive sometimes. The coming years might be hard as of today but that is the market seems to be, we can manage losses if we work on it.

[TheUltraElite]

You've been an active participant in a pump-and-dump scheme Congrats!

Not necessarily and you way of thinking is wrong. People think they can get rich by riding the pump and dump wave but in reality it is an illusion. People who talk about such groups are actually brain washed into thinking so. The only people making money from such groups is the owner of that group. They create fake buzz and pump coins making their group members buy them while they sell their coins and get a good profit in return. Moreover they make money from paid memberships. Its all in all a scam and a pretty dirty one full of smoke and mirrors.

However if you are day trading on your own then you might get lucky to join the wave in which case you can profit by selling at a set point and then buying back again at low price.

[pieppiep]

If you're using poloniex to trade that coin, you will be easy to find how much your profit and your losses. You can check on the trade history in your account so you can see what exactly you get for trading that coin. I think you are making a profit from selling those coin and you still have the other amount although the price of that coin is down. As long as you don't sell at the low price, you are fine, but if you decide to sell at a low price, then I guess you still get a profit because you already get back your initial money to bought that coin and you can make the profit.

No matter if bitcoin price also gets down, as long as you don't sell the coin and bitcoin you have, you are not really lost, but maybe the value has decreased for a while. I am sure that everything will be back to normal again so you can see the price of your altcoin and bitcoin will increase back someday. You need to wait for a while and still hold the altcoin if you want to make another profit from the coin.

[Nthert]

hi everyone, maybe you should try trading on newer exchanges? Now it’s difficult to earn anything on the market, as there is no stability as before. I actually got the other day a new exchanger called WhiteBit?

[glendall]

what you experience is you are lucky if you see FIAT values, but actually you lose if you see the value of BTC,
because when BTC goes up or down altcoin is corrected, if you don't want to lose the value of BTC, then it's better to hold BTC, then you will be safe and sure it's more profitable.

[zeto]

I think you broke-even since 0.045 btc is merely a speck of dust. 

[Periodik]

This is cryptocurrency. As much as we will be happy if our overall portfolio's value in USD is increasing, it is not the main goal. This is as far as my way of looking at it is concerned. I don't think you are gaining if your value in BTC is falling even if your overall value in USD is higher. But since you've made 0.050BTC out of your 0.045BTC then you are indeed gaining. It does not matter if the price of 0.050BTC is lower than 0.045BTC when you bought your altcoins. Just do not convert those BTC of yours into USD or else you will be losing all your gains.

[Xannad]

hi everyone, maybe you should try trading on newer exchanges? Now it’s difficult to earn anything on the market, as there is no stability as before. I actually got the other day a new exchanger called WhiteBit?

Now on the market there are a lot of young projects that make their exchangers look like Binance, but whether they can be competitors in the future, this is the main question

[xvids]

I bought an altcoin a long time ago.  I spent around $850 to buy it.  Example say i bought it at $0.01.  So i bought 85000 of it roughly.  I sold it when it was a bit over 2 cents... but sold exactly half.  Let say i originally spent 0.045 btc to all that altcoin.  When i sold the altcoin... i got back about 0.05 btc.  And of course i still had about 42500 of the altcoin.  But that altcoin has dropped over 90% and i still have it now.



Does that mean even if that altcoin i have go to 0... i still profit because i spent 0.045btc originally for the 85000 altcoins and got back 0.05btc for selling 42500 altcoins?




The thing is the btc that i received back when i sold the altcoin... i still have it.  But the btc price that i received the btc for the altcoin sale was higher than the current btc price now.  So in the end no matter what, i profited because i received more USD worth back then for the sale of altcoin? Or because i received more btc than i started with?



In terms of income, its the USD.  But in terms of btc accumulation, its the 2nd part but still its a yes because i received more btc than i put in it for altcoin right?



Now the thing is do ppl consider altcoin gain or loss... when you sell an altcoin for btc... do you look at the current usd value of total btc received?  Or you look at how much btc you received back?  Because you can easily receive less btc than you originally spent on the altcoin... but the usd value of the btc is worth more.  You could also have a usd loss but receive more btc than you put in... assuming that altcoin does better than bitcoin itself..

It all depends on your point of view some of us looks at the usd price when they are trading while some are looking at crypto price.
And in your case it is very clear that you gain profit from the trade you gain more BTC in it and you still have the half of the alt coin that you bought.
And anytime you could sell it back to get a higher profit .

[Hippocrypto]

Its actually depends on only yourself. If you are happy with profit in btc where you brought by 0.045 btc and sold them by 0.050 btc. So you are still in profit about 0.005 btc. Now only you can realize that you are happy or not. If you are thinking now that  0.005 btc is enough profit from the trade you are fine. But if you are thinking you are in loss with USD value then you are in loss now.

In reality mate, making profit is hard nowadays specially when price fluctuates badly at trading sites. The best thing to incorporate with our mindsettings was to choose long term holdings instead of trading most often times. On that ways, you can cope up any losses in case you can't manage a good trades.

[TheUltraElite]

In reality mate, making profit is hard nowadays specially when price fluctuates badly at trading sites. The best thing to incorporate with our mindsettings was to choose long term holdings instead of trading most often times. On that ways, you can cope up any losses in case you can't manage a good trades.

A 2-3% trading flux per day is not profitable if you are a smallcap or midcap trader. But the whales can make some good profit from it since their capital is high. The OP does understand that long term holding is good for bitcoin but not altcoins. Whether one can make money from altcoins is their personal choice, but if you wish to have a healthy day to day experience then long term bitcoin holding is better.

I think you broke-even since 0.045 btc is merely a speck of dust. 

Wont say that with belief. A few years back people used to tip  out 1-10 BTC tips as casual tipping on bitcoin casinos. Nowadays a 10k satoshi tip is all that is average. You never know what price it might touch.

[HatakeKakashi]

A trader do strategy for that, if you your coin that you bought already down and you think if you are earning money to this is if you think they have chance to rise just buy it more. Your capital is already return so even the coin already down or become 0 you still have profit but if you still keeping the all the coins and you did not sell so you kose your money already. Just do some technique to get more profit that situation.

[pundit]

I think this is base currency which matters. If you spent $850 and received back $1000 that means you are in profit, no matter how many altcoins you purchased and how many you sold. BTC and altcoins are very volatile in nature, 0.5 BTC can be of $5000 and after somedays its value may be double i.e. 10000, so anyone puchasing BTC at $10000/BTC and selling same amount of BTC @$20000 after somedays will be considered as profitable.