Bitcoin vs Fiat Profit Dilemma - Why the Bitcoin trade pairing matters
When investing in cryptocurrency, it's important to understand the difference between fiat gains/profits and Bitcoin gains/profits. Sometimes, you can make significant fiat profit, but you would have made much more if you'd simply "hodled" Bitcoin. Let's talk about why both the Bitcoin trade pairing and Fiat trade pairing are both important.
Tweet that sparked this video inspiration from Ran Neu-Ner:
https://twitter.com/cryptomanran/status/937298106894438400
Buy Bitcoin, Ethereum and Litecoin on CoinBase and get $10 worth free:
https://cryptobobby.com/coinbase
Secure your Crypto with a Ledger Nano S:
Amazon (faster shipping):
https://cryptobobby.com/ledger-amazon
Ledger (slower shipping, but cheaper): https://cryptobobby.com/ledger
Get a Free Trial of Coinigy (the trading/charting software I use):
https://cryptobobby.com/coinigy
Follow me on Steemit:
https://steemit.com/@cryptobobby
Follow me on Twitter:
https://twitter.com/crypto_bobby
Join the Facebook Group:
https://www.facebook.com/groups/140921189836895/
Binance - https://cryptobobby.com/binance
Portfolio Tracking:
Blockfolio - https://www.blockfolio.com/
CoinTracking.info - https://cryptobobby.com/cointracking
Bitcoin.tax - https://cryptobobby.com/bitcointax
*Some of these links may be affiliate links, meaning if you click and purchase something, I may receive a small commission at no additional cost to you. I only recommend companies and products I personally use, and any commissions help to pay for content creation. Thanks! *
** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**
I don’t see the point in cashing out on collapsing fiat when you can simply buy stuff with crypto...
If you want stability (without the Tether risks), then it makes sense to cash out into fiat for a stable currency
After watching this video, I analyzed my portfolio and found that I was trading at loss on the basis of BTC value. I could have earned more had I kept my btc in the wallet. Thank you for enlightening us.
Happy to help a small bit!
Profits is profit but ultimately unless you cash out profits you've made none.
thanks dude
If i want to sell some bitcoin pieces, would you buy from me?
I first want to start off by saying this is great content . My strategy is mainly long term so I read the market in comparison to bitcoin instead of USD or fiat . Your doing a great job educating and lending that helping hand I needed when I first got into this space . I think a lot of people should follow your tend at the end of the day we’re all one community anyways . Thanks for your content
Congratulations @cryptobobby, this post is the sixth most rewarded post (based on pending payouts) in the last 12 hours written by a Superuser account holder (accounts that hold between 1 and 10 Mega Vests). The total number of posts by Superuser account holders during this period was 856 and the total pending payments to posts in this category was $4044.14. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
This is what I'm thinking, people tempt to cheat themselves, they are not looking at how many bitcoins that they own...its the fiat is more important to them well its just a traditional habit that can't be deleted haa cheers
Crypto is pulling civilization into an awakened new, real-free world.
Governments and the elite few that have created a system throughout histories have done so to keep them in their positions of power and control the majority with debt and a false reality.
Many concerns with Bitcoin and other crypto currencies has to do with accessibility to this new tech and a large part of the world does not have internet or even electricity.
As fiat loses value compared to crypt currencies, companies and people with crypto currencies would accept fiat less and less. Eventually wages would increase for those being paid in cash as the dollar system crumbles.
The world's cash will be dumped into the hands of the hard working system ants and these 'poor' communities would have a system to transact and build them selves up, until they can join the CRYPTO REVOLUTION.
Viva LA FREE WORLD!
I'm new to crypto and Steemit is my first venture into it and in a small way. So the last time I bought Steem to get me over the 500SP mark I purchase a small amount of Bitcoin and sat on it for a few days and converted into SP making a small profit to cover the transaction fees.
So, what I conclude from you is, buy other crypto's that are on the move and use those profits to buy in further into Bitcoin ?