Post
Topic
Board Trading Discussion
Re: When trading, never ignore the statoshi value of your coins
by
kotajikikox
on 29/01/2020, 01:03:33 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?.
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.