Mahanton
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January 29, 2020, 12:27:03 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?.
I did commit this mistake in the past where i do focus on USD value instead on satoshi value.My first aim is to accumulate satoshi as much as i can even though it do decrease its usd value due to volatility. This is quite common on most traders where they do matter most always on usd value.It isnt bad as long you do able to cash out it but if you target out for satoshis then you are doing the opposite way.
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Slow death
Legendary
Online
Activity: 3192
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
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January 29, 2020, 12:34:15 PM |
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This happens when the person trades with altcoins and does not pay attention to the price in relation to bitcoin. In the case of BTC - USD you need to choose whether you want to increase USD or even increase BTC, after deciding what you want to increase you can now develop your own strategy I did commit this mistake in the past where i do focus on USD value instead on satoshi value. Bitcoin-related news channels always put altcoin prices in dollars, and are always very happy every time altcoin prices go up in dollars, but they forget that in relation to bitcoin they are falling in a scary way
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TheUltraElite
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Take good care of your parents!
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February 04, 2020, 08:53:18 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.
This is a bit relative because if you are looking in for the USD value then you should consider the UDST value and not the bitcoin - that is being in the market only for the hard cash profit and nothing more. If you are looking to stay in the market juggling altcoins and bitcoin without seeking more USD value but increased bitcoin amount then do dollar cost averaging to check your trades. The amount of satoshis that you own is important but it is also important to know what you are trading with. Being too stubborn or too suspicious will both be bad for you.
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beerlover
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February 04, 2020, 06:42:30 PM |
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Honestly, I don't really mind that kind of trading if you really needed the money. Bitcoin should not be something that stands in between of you and your needs, it should be something that supports you for your needs, so cashing out to pay for something is actually the perfect reason to not care about the bitcoins you have, an even more perfect version would have been spending bitcoins directly but I suppose we still have few years until that happens.
If you want to increase the amount of bitcoins you have and keep working on your portfolio, you should do that in between times but when it comes to paying your bills or paying for something else, I do not see a reason not to cash out, don't care about the satoshi value or altcoins, just cash out and live a better life.
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Kelvinid
Sr. Member
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win lambo...
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February 04, 2020, 10:44:22 PM |
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This is so important to look at which part we are able to save some and not to lose. And actually experiencing the same instead saving some satoshi, I'll just spend them on fees when I converted to other pairs. If we are satisfied with BTC/ETH or BTC/USDT pairs, it is better to stick on this. Having 100sat or 200sat is big enough if we can accumulate it for many days rather than of losing it just for fees and stupid decision.
Anyway, I'd learn from my experience and I don't make such fool again knowing that it never gives a passive result. That is why it is very important to make some basic calculations and think several times before making a decision cause once done, its gonna be over.
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gentlemand
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Welt Am Draht
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February 05, 2020, 01:36:25 AM |
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You need to start off with your aims for whatever you're holding and plan from there.
I have plenty of shitcoins. Some I will get rid of in search of more BTC. Others I will offload with the intention of cashing into fiat and never returning. I treat them completely separately with those ends in mind and don't pay attention at all to the other pairing.
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carlisle1
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February 05, 2020, 03:47:00 AM |
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in every Investments or any other transaction always have this thought that "Every Single Cents Valued" because like a drop of water it is very important so i believe that even a single satoshi here when it comes to trading must be valued. though i am not a trader but i make sure that all the amount i have in every exchange and wallets i used is being keep,that is my attitude even in my Fiat in hand. actually this was been thought by my Mother as she was a businesswoman and know how important every single cents.
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milewilda
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February 05, 2020, 10:35:15 AM |
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You need to start off with your aims for whatever you're holding and plan from there.
I have plenty of shitcoins. Some I will get rid of in search of more BTC. Others I will offload with the intention of cashing into fiat and never returning. I treat them completely separately with those ends in mind and don't pay attention at all to the other pairing.
All matters on whats your plan since from the start and i agree that everything does change along the way depending on which situation are you in.We know that we do have some alt or shitcoins in bag that we do need to dispose off to accumulate either btc or altcoins.It will depend on your likings and your plans yet its destined to change along the way.
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puertorikosena
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February 05, 2020, 12:11:29 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 all depends on the situation. If the market is growing and trading with Bitcoin is more profitable, then I will build up value in Bitcoin. It is obvious. I think many do it. If the market situation is unstable or a bear market, then it is better to trade in a pair against the dollar.
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Omega Weapon
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February 15, 2020, 08:15:42 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?.
This is very true, many times I see people bragging about their profits and when I see their results I discover they have made more money by just holding bitcoin, and what it is the point of holding an altcoin if that altcoin is not going to outperform bitcoin? When you think about it this does not make sense which is one of the many reasons for which I am really careful when I decide to invest in altcoins and as soon as it seems I am losing some bitcoin I sell them.
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dentolas
Member
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arcs-chain.com
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February 15, 2020, 08:22:11 PM |
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This is an interesting aspect and I've wondered about it myself... I always look for the satoshi value as I try to forget about dollars when dealing with crypto... but it depends a lot on prespective, if it is long term or short term...if you'll be cashing out or holding
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Yatsan
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Merit: 1252
Leading Crypto Sports Betting & Casino Platform
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February 15, 2020, 10:22:20 PM Last edit: February 16, 2020, 12:05:49 AM by Yatsan |
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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.
This is very true, many times I see people bragging about their profits and when I see their results I discover they have made more money by just holding bitcoin, and what it is the point of holding an altcoin if that altcoin is not going to outperform bitcoin? When you think about it this does not make sense which is one of the many reasons for which I am really careful when I decide to invest in altcoins and as soon as it seems I am losing some bitcoin I sell them. That is a good investment strategy I must say. For investors who really take into account the satoshi value or bitcoin value of their coins as compared to the US dollar value this is really helpful, they can ensure that their investments don't depreciate in value as they jump from one cryptocurrency to another. As per people who base their investments through dollars though I will say that this is not that helpful for them, but the fact is that US dollars have lesser growth potential than satoshis. That's why much more people are afraid to lose bitcoin than to lose dollars in this industry. However, satoshis and bitcoins still pretty much depend on US dollars at this point so it's still unfair to just shrug them off. 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?.
This also comes at a risk, cause without enough assessments you might mistakenly pull out an investment that could've hit a spike, the profits are gone, and you can't get it back. So it's always vital to review your investment strategy every now and then and observe the market graph in order to create the best decision at a certain given situation.
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pawanjain
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February 16, 2020, 02:41:26 PM |
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Obviously we should not ignore the profits in Satoshi. People usually don't pay attention on their Satoshi profits because they are overwhelmed with their fiat profits. While fiat profits are more than enough, Satoshi profits are actually the one that matters the most and especially in the long run. I always pay attention on how much Satoshis I am gaining or losing. Also, it's not always bad to lose Satoshis. Sometimes we should let go the small Satoshi loses and be happy with fiat profits
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FanEagle
Legendary
Offline
Activity: 3038
Merit: 1129
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February 17, 2020, 03:31:36 PM |
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This is an interesting aspect and I've wondered about it myself... I always look for the satoshi value as I try to forget about dollars when dealing with crypto... but it depends a lot on prespective, if it is long term or short term...if you'll be cashing out or holding
Usually we would only see our bitcoins(satoshi) growing if we are trading with bitcoin pairs but if we choose altcoin pairs like USDT, ETH, etc that it might get difficult to increase our satoshi and in this situation we might only run behind maximizing our profits by gaining fiat or any other coin. Satoshi might even be a good source of investment for long term. We could buy some thousands of satoshi and hold it into a paper wallet and store it in a safe vault which would only be accessed after a fixed interval of time(2 to 5 years) and than we would really be impressed by the value of those satoshi we held in our vault. In short gaining satoshi is like increasing our bitcoins and nothing else.
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Arcas
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February 17, 2020, 04:46:43 PM |
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When trading I am looking best chance how to get much profit although little profit because I know how situation when bitcoin and altcoin going down or going up, keep exist to get much profit always and never want hold some assets for long term because can be the way how we lost bigger chance later.
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bearexin
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February 17, 2020, 08:07:04 PM |
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Obviously we should not ignore the profits in Satoshi. People usually don't pay attention on their Satoshi profits because they are overwhelmed with their fiat profits. While fiat profits are more than enough, Satoshi profits are actually the one that matters the most and especially in the long run. I always pay attention on how much Satoshis I am gaining or losing. Also, it's not always bad to lose Satoshis. Sometimes we should let go the small Satoshi loses and be happy with fiat profits You are actually talking on both the sides. Earning satoshi might be good if the markets are in ascending positions but if the markets are in the bearish trends than it is fine even if we make profits in stable coins rather than just trying to maximizing our satoshi. For long term, there is no doubt that only maximizing satoshi would give us profits because the increasing price with time would also increase the value for satoshi. If ever the bull runs make bitcoins go to moon that the price for single satoshi might even be compared to a dollar so it might be most important to consider the satoshis we have for holding them in long run.
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nekonyun
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February 20, 2020, 06:25:47 PM |
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if I focus on collecting satoshi because my goal is to get more bitcoin profits for long-term investment and for my income trading pairs usdt altcoin to get usdt profit so my satoshi doesn't decrease
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imstillthebest
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February 20, 2020, 08:01:46 PM |
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satoshi might be small for our eyes but if we keep on taking satoshis or collecting them , they can grow too plus when the btc value went up the value of the satoshi that we kept can grow more evenly but but the problem to most of us is that we ignore these satoshis because we think they are too little or they are only cents which cant make us wealthy so we dont trade and instead we wait for more but what can happen worst is that we are only waiting for nothing and we might end up loosing more .
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mersal
Member
Offline
Activity: 1204
Merit: 38
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February 21, 2020, 06:01:40 PM |
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Traders should care about their short term goals only,you can be profitable in short term and long term at the same time.Now you realize that you didn't made anything with your extra effort into trading that is why more crypto enthusiast saying better to be a holder than trader.
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Spaffin
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February 21, 2020, 07:02:53 PM |
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When trading I am looking best chance how to get much profit although little profit because I know how situation when bitcoin and altcoin going down or going up, keep exist to get much profit always and never want hold some assets for long term because can be the way how we lost bigger chance later.
Nevertheless, long-term investment prospects are supported by many investors. Even today, Bitcoin is primarily in demand in the cryptocurrency market due to the fact that everyone expects to receive maximum profit from this coin in the future. To do this, pay attention to the capitalization of Bitcoin and the trading volume of this coin in the cryptocurrency market and comparing the indicators, everything will become clear.
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