Post
Topic
Board Trading Discussion
Re: When trading, never ignore the statoshi value of your coins
by
jostorres
on 29/02/2020, 08:18:48 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?.
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.