Its always hard for me to tell if I am winning or lose since the funding currencies BTC and ETH are always moving as well.
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Its always hard for me to tell if I am winning or lose since the funding currencies BTC and ETH are always moving as well.
Yeah I kind of prefer trading on GDAX because you can trade against USD so its really straightforward ie if I buy at $80 and sell at $90 I made $10. I get confused as hell when Bitcoin is moving and your trying to figure out if you have a profit or loss.
BIttrex shows USD however it can look like your up $10 per coin but in reality your at a loss if Bitcoin has increased in value more than your coin. The only way I've found to really track whether I'm making money is to sell in even blocks ie if I buy 100 I sell 100. I look at the total BTC price I paid against what I would get on a potential sale and if I have more BTC than when I started I'm up. If you want to figure out USD profit figure out how much BTC you made on the trade and then plug that inot a bitcoin converter.
I agree though super confusing.
Yea, I have been using Bittrex. Will have to check out GDAX again. Thanks for the insight.