Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's impact on Alt coins
by
ISYOUSERIOUS
on 02/12/2017, 18:12:52 UTC
In addition, let's say I purchased GRS at 7000 satoshis 3 weeks ago and am looking to play the dips and make more by trading. In my head I am waiting for a significant increase in price before selling. If I monitor it everyday and rarely see it above 7000 I might think the price fluctuation is stagnant. Meanwhile the price of 7000 satoshis might have went from .50 cents to .75 cents. It would be misleading to look at my order history to what price I paid in order to gauge where to set my next sell order. The value of a satoshi hinges upon Bitcoin. Conversely, if the value of a satoshi goes way down and I review my order history to see where I purchased, I may THINK I can sell at a profit but I may be taking a loss. If I purchased at .50 cents or 7000 satoshis and it is now selling for 14000 satoshis but the value of 14,000 is only .45 cents I am losing. If this sounds confusing to anyone I apologize, I find it confusing myself which is why I am reaching out for clarification, if there is any.