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Author Topic: When trading, never ignore the statoshi value of your coins  (Read 1513 times)
mbakruroh
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February 27, 2020, 06:52:38 AM
 #81

All crypto activity will end with currency and USD is popular choice, in market btc/ usd pair also become trader favorite. This time bitcoin use currency as value pairs and ignore satoshi, so I think use currency is more familiar right now. Satoshi or USD it doesn't matter because big profit is our goals. Make sure you not pessimist with volatility because that is market, find the moment and execute your plan.



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xvids
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February 27, 2020, 08:04:31 AM
 #82

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?.
Losing Satoshi while trading is like losing some cents in dollar,
If you think about it thoroughly it would make sense earning more in BTC and gaining more Sat's because you would gain more when the market starts to pump up.
Every Sat's count so don't ignore those small amount that you would lose.

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February 27, 2020, 08:29:25 AM
 #83

I agree with you because business should be profitable without neglecting it and from there you should go ahead with education  We need to try to do business here There is no reason why we usually do business on the dollar and in the short run of everyone's business and in the long run if the currency goes up we will certainly benefit.

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beerlover
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February 29, 2020, 07:53:57 AM
 #84

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.
When the price is big enough and the satoshi is actually a decent amount (you can even say one million satoshi if you want, so we don't know what it means for the satoshi value) that is becoming hundreds of dollars or even thousands of dollars if you mean a lot more. It is impossible to think that one person will not care for that much amount of money, everyone would even if you are rich enough to spend that on a dinner.

However when it comes to finances there is no little amount, even 1 satoshi is a great profit if you profit as long as you do not lose money at all. There was a bot years ago that was working super fast and aiming at profiting 1+ satoshi profit, it was working to make thousands of profits like that per day to combined bigger profit instead of making 1%+ profits constantly. That bot didn't end up doing what it was suppose to but that is exactly what everyone should aim at.

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jostorres
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February 29, 2020, 08:18:48 AM
 #85

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?.
Man did you even think about this before you posted it here? How exactly do you lose Satoshis when you’re gaining dollars? When you’re gaining Satoshi you’re also gaining in dollars and when you’re losing in Satoshi you’re also losing in dollars because that amount you lost in Satoshi is worth some dollars. So you don’t even know what you’re saying.

Moreover, dollar is the main currency and that’s what we all are mainly looking at. When you withdraw your money all that matters is the worth in dollars. Imagine that you decide to only care about bitcoin and not minding what it’s worth in dollars. You buy 1 BTC at $1000 and then it falls to $10 per 1 BTC, will you be happy with yourself? You still have that 1 BTC but it is useless. So you’re wrong.

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