joeperry
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January 16, 2020, 11:26:45 AM |
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Great question, most of the people here doesn't really care if they have more bitcoins or not most importantly is the value of the current satoshis they are holding so in my understanding the traders are looking to gain more USD and just using satoshis/bitcoin in order to grow their asset which is the USD.
Well this is just only my opinion about this matter and this is what's in my mind and there's a lot of traders out there and we don't have the same thinking about this matter for me the USD is still strong rather than the Bitcoin since the USD was given by the state or government to have a value even though its just a piece of paper and in bitcoin we analyze its price base on USD.
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acdc
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January 16, 2020, 11:41:26 AM |
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It's depends from your trading goal. If you want to cash out asap you traded your coin, just focus on USD and if you are thiking to invest and hold bitcoin more, just trade it into bitcoin. Its simple as that
I agree, we only need to care about the goals that were set in the beginning. If we care about so many things, it is easy to distract us and make the wrong decisions. I personally like bitcoin so I usually trade bitcoins, I just need to increase my bitcoins.
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gabmen
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January 16, 2020, 12:10:33 PM |
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Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
If you're pairing with btc and trying to accumulate, of course counting your assets in satoshi is logical, though many people fail to see that as they're more focused on btc to usd conversion. I used to look at it that way but I guess if you're trying to go for the long term, you really wouldn't mind that much the dollar or the fiat equivalent of your asset.
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avatar_kiyoshi
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January 16, 2020, 12:47:36 PM |
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Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
Personally I choose to gain my satoshi, it's a better choice for short-term trading considering the value of satoshi tend to going up, so more satoshi is more value in USD. Gain more USD is quite good, but ignoring the amount of satoshi is not good choice especially for short-term trading, unless it will be good for an investor who expecting the price rise at the long-term and don't care too much of the coin calculation profit.
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Reid
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January 16, 2020, 03:23:00 PM |
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There are different styles now when USDT came. Some do prefer making more USDT than bitcoin which is not so much like before. In which, altcoins are the one being used to gain more bitcoin in the end.
Yes, every satoshi will count. I remember before when I do faucets on different website. Every piece of it will count for me and it stayed that way up until now.
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jazmuzika217
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January 18, 2020, 03:36:50 PM |
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We need to accept the fact that we meed to focus on what we want to achieve or we can say that we need to focus on your target. Honestly in all action that we are do it is hard to do more than one plan or target because all we know that multi tasking is not easy. We also need to sacrifies some things to get our dreams. Like in this industry there are strategies that they need to ignore satoshi to focus on other source of income.
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TheUltraElite
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Call your grandparents and tell them you love them
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January 19, 2020, 05:22:06 AM |
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It is wrong to consider both the amount of satoshis and the value in USD when trading. The value in USD is always in flux but USDT is stablecoin. Now if you are losing USD does not necessarily mean your satoshis are going down. So what one needs to consider is the dollar cost average of your satoshis and not the complete USD value. Although you could keep a track of total value in excel spreadsheet.
Satoshis that you is need to keep track of. Besides exchanges allow you to view it in either USD or BTC.
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the rise
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January 19, 2020, 06:32:38 AM |
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USDT is a place for the value of actual assets, useful if traders want periodic accumulation to handle needs that are indeed scheduled. and BTC is a place for longer development of assets and indirectly does not have to always be compared to its value against USDT, traders also tend to only think of the accumulation of satoshi in this regard. there are indeed two strategies that cannot be combined at the same time to be effectively managed.
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Mihaylovic
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January 19, 2020, 11:30:39 AM |
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Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
i definetely agree with you. in crypto we should forget about usdwise profit. there is bitcoin in here instead of usd. we have to focus on increasing our bitcoin amount during trading. i can not be happy when making profit only usdwise. because in this case it is just better to hold bitcoin.
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Reid
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January 19, 2020, 01:41:39 PM |
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USDT is a place for the value of actual assets, useful if traders want periodic accumulation to handle needs that are indeed scheduled. and BTC is a place for longer development of assets and indirectly does not have to always be compared to its value against USDT, traders also tend to only think of the accumulation of satoshi in this regard. there are indeed two strategies that cannot be combined at the same time to be effectively managed.
You got some good points here. I myself am guilty of relying on satoshis only. But that is my pure goal when I trade. I want more bitcoin. While some traders actually does the other way around. They are still making profits. But it will also need to be short. When holding profits in bitcoin, you could easily pause in trading and somehow the price of it will still move upwards. Just like now, while in USDT it is just stable. Really, it will depend on strategies. Good thinking.
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Findingnemo
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January 19, 2020, 08:45:57 PM |
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Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
It depends on trader's preference, for people who want to cashout profits into fiat in short time is good to go with USD value but one who are interested in investing back the profits made as their capital again should choose bitcoin value or satoshi value for their trading pairs. When I am doing day trading I consider the trader and offers based on fiat value only.
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hahay
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January 19, 2020, 09:47:32 PM |
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Because you should count every expense or fee incurred on every transaction if you don't want to lose even just a few satoshi, when you have calculated it in more detail then it is very possible for you to trade more seriously because it's not just about a small profit, because in trading you also have to consider all things including fees.
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pajak666
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January 19, 2020, 10:44:54 PM |
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Valuing in BTC as this is what I'm long. At times it makes sense to revert to USD but I don't do it. If you are long in crypto as a whole you should try to gather as much of it as you can. BTC makes the most sense to relate to as it is the most stable and biggest. I believe if you were to trade ETH pairs you could do it too, it is all relative and about catching moves/difference between assets you are observing.
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maxreish
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January 21, 2020, 01:46:18 AM |
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I think you are losing your track in trading. You focused on pairs which the same as the value of satoshis. As for me, I trade on trading pairs mostly at BTC/USD, BTC/EUR, depends on my target profits. Its useless if you do some trading and you only get back the capital. Try to figure out which trading pairs will you make some profit, OP.
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Baoo
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January 28, 2020, 06:40:12 PM |
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before trading you must determine your goals, whether your goal is for bitcoin or USD, for me personally, the main goal is USD, so I don't really care if my bitcoin amount decreases as long as my USD increases, If your goal is to increase your BTC you must be prepared if there is a decrease in the amount of USD.
I absolutely agree with you, due to the value of USD is stable and the opposite is true for Bitcoin and other cryptocurrencies, For me, I prefer focusing on my USD's value but after checking Bitcoin's price , the market is so volatile that is the issue. Furthermore, I am not interested about checking my satoshi value of crypocurrencies to be honest, it does not have any affect negatively and even positively. Of course my main goal is to earn more BTC not USD.
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samcrypto
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Vave.com - Crypto Casino
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January 28, 2020, 09:39:40 PM |
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Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
Trading is too expensive to those who don’t know how to set a plan and don’t know how to trade at all. We are losing the Satoshi value because of volatility, the fees, and so on if you are a trader and let’s say you have the $100 in btc as your capital of course you have to make it $200 for you to know that you make profit, this is mostly my concerned since Satoshi value is too hard to monitor honestly.
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kotajikikox
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★Bitvest.io★ Play Plinko or Invest!
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January 29, 2020, 01:03:33 AM |
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Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
only few of my friends that trades are looking in USD value because most of them are into Satoshi as this is much accurate and easy to evaluate . but of course those traders that only seeking for fast profit or higher percentage are looking for their USD amounts. Because you should count every expense or fee incurred on every transaction if you don't want to lose even just a few satoshi, when you have calculated it in more detail then it is very possible for you to trade more seriously because it's not just about a small profit, because in trading you also have to consider all things including fees.
yups thats it mate,fees are really valuabe that we doesnt care when we are trading big,but when we are losing?thats the time we look into how much fees we have spent in all tradings.
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Mumbeeptind1963
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January 29, 2020, 03:56:36 AM |
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Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
It depends on the pair that I am using, most of the time, I am using bitcoin/xrp pair, I dont want to lose any satoshis , because a single satoshi can build 1 bitcoin, it is not literally 1sats I mean , I am careful in every trade not to lose too much, especially now that bitcoin grows higher and higher I woud not definitely lose anything, I want to trade it whole without losing any of it.
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Ewox
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January 29, 2020, 04:32:58 AM |
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I actually can relate to what you were saying, in fact I just traded a fraction of my altcoin because I needed the money and minded only the value in dollars. I forgot that the main reason I traded before was to get more value in bitcoin than in US dollars, but that’s another lessoned I learned today.
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Capt00
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January 29, 2020, 12:00:38 PM |
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I actually can relate to what you were saying, in fact I just traded a fraction of my altcoin because I needed the money and minded only the value in dollars. I forgot that the main reason I traded before was to get more value in bitcoin than in US dollars, but that’s another lessoned I learned today.
It simply because you don't have a plan that makes you more guided as you'll go into trading. It is important to look the market price and analyze it carefully. Every satoshi's counts and in trading it is precious enough to collect them rather than of having nothing. However, trading couldn't just run smoothly, it sometimes we suffer difficulties especially in making for some reasone; *Being in FOMO *Doubts These could some barriers in dealing with and we should have to think it more times (if possible) just to come up a best and fair decision.
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