Post
Topic
Board Trading Discussion
Re: When trading, never ignore the statoshi value of your coins
by
gabmen
on 16/01/2020, 12:10:33 UTC
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.