I am reading a lot of discussion about "how" to read your profits. Some people read their profits in terms of Satoshi/BTC and other people read their profits in term of fiat.
Is one necessarily better than the other? Or does it just depend on short term/long term goals and whether you want more fiat or more BTC?
BCH or USDT only
Me:
>BTC to fiat
>shitcoins to BTC
That's how I trade them, so this seemed the most logical way.
You will eventually use your profits to pay for things you want/need, correct?
Will you be paying for those things in Bitcoin or in fiat?
This one. I am just doing the same thing with ETH only
I would eventually like to sell my gains for fiat and get dollars in my bank.
The way I see it, noobs look at it in terms of fiat, guys that have been here more than a few months lok at it solely in sats/BTC.
The goal is to increase yout BTC holdings, if you believe that BTC will keep rising higher, as I do. I we can see 50,000 by end of 2018, so I want to increase my BTC holdings to get in on that action.
And don't derail the thread by fudding the $50,000 figure, my personal opinion, as everyone should have their own.
The logic here is that BTC is king, so all alt coin investments should be for the purpose of increasing your BTC equivalent value. If your altcoin holdings cannot exceed the gains of BTC/USD then you might as well just hold BTC.
the basic idea is this:
Did your investment make more than bitcoin? If yes, cool, if no, fuck you up the ass then rape your mother.
It's a way of measuring your success. If you beat BTC you did better than bitcoin, else you should have just bought bitcoin.
> if you believe that BTC will keep rising higher, as I do
as do we all!