Bitcoin Trading Satoshi Vs Dollar

in crypto •  7 months ago


When trading crypto it is very important to be aware of the difference between Satoshi and fiat. When trading i personally on trade in satoshis to be sure that every trade yields me more BTC.


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I just find it more easier to manage everything with Satoshi as the base unit. Not to mention that most of trading pairs are accessible most freely in BTC pairs.
Although I have to keep in mind and remember my first Satoshi purchase price and the use it for conversion in my spreadsheet.

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Easier and most effective. When BTC goes on wild swing people think they are winning by being up in Fiat not realize they lost a bunch of BTC

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I think Bitcoin has earned it rep as the most viable crypto reserve. Although the swings are wild but once you start the the buy sell routine it kinds of falls into a rhythm. Just have to be careful to keep the first BTC buy price in mind - made that mistake with my first 1000 euros and although I am still in profit on that spreadsheet but have no clue as to how much.

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The story of every traders life lol

Do you usually hold Tether or USD between trades? Tether has been very convenient so far

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I actually rarely tether, unless I feel BTC is going to go for a wild dump. Other then that I always stay in BTC.

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I admire that decision to stay in BTC ... it probably made a huge difference for you during some of the uptrends since long term we all expect the overall mkt cap to grow anyways.

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It makes life easier, wether is spikes up hard or down, Alts are the ones who suffer and you can win either way.

great analysis brother @crypto2crypto

I compare all crypto to btc rather than fiat. Btc was my first crypto and I’ve held the majority of my holdings in btc since I first mined in 2011. I have since diversified into other projects I believe in but I still relate back to btc and compare all gains or losses to what I would have achieved if I had just held btc.

What is the best platform to trade bitcoin ?

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I personally love Binance.

thank for the totorials. they are really helping me out

I made the serious mistake when trading to take accounts in Fiat, then I realized that if I left everything in satoshi simply doing hold would have more money, now I know that we must make trading looking for more satoshi.

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Better late then never

I haven't tried this before.
Hmmmm...
Always more to learn.
Thanks @crypto2crypto

really very best post of crypto.your post helped doing every steemians how invest doing their money in crypto.thanks to sharing for your crypto currency providing news..friend.. @crypto2crypto

thank for the totorials. they are really helping me out

wow sir nice post good information thanks for post ☺

yes its santhoshi which matters a lot.

Bitquin is a very large coin that is difficult to trade out
I can not trade it

Great trading analysis buddy.....binance is also my first choice for trading..... thanks for sharing the important tutorials.

I wonder when I will be able to trade on legit decentralized market.Now taxes in my country made by those incompetent fools are killing the idea of trading.Now the only resonable thing for me to do is "hodl" hoping for better future📈

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May not be a bad thing😅