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/biz/ - Business & Finance

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6091616 No.6091616 [Reply] [Original]

>buy 1 ETH worth of an alt coin when ETH was $750
>ETH is now worth $1000
>alt coin drops
>delta says I made money but lost ETH
HUH? what does this even mean??

>> No.6091663

>>6091616
means ETH is rose higher than ur shitcoins so while ur shitcoins went up its price in dollars is below what u would have made if u just held to ur ETH.

>> No.6091667

>>6091616
it meants you can made more money buy holding eth and even more by holding BTC

>> No.6091686

Because eth went up like 30%, and your alt went down less than that compared to eth.
So you're up in $ value.

0.9 eth at 1'000$ is better than 1 eth at 750$.

Of course some cucks will say you lost money because you have less eth than if you just held.

>> No.6091701

>>6091663
>>6091667
but delta says I made 50 bucks even though I lost eth?

>> No.6091711

>>6091616
It means that you gained relative to the USD but lost relative to your initial ETH investment; ie, you would've made more relative to the USD if you had just held your ETH

This is why most of us only trade in sats, not dollars.

>> No.6091740

>>6091701
t. brainlet

>> No.6091859

>>6091701
Brainlet I’ll make it as simple as I can
>ETH goes up 20%
>shitcoin goes up 10%
U made 50 bucks cuz shitcoin went up 10% but u still down on ETH cuz ETH appreciated far more.


This is why we all trades in sats or ETH, because at the end of the day u sell ur shitcoins for bitcoin or ETH and then fiat, u don’t straight up exchange ur shitcoins for fiat, only newfags use dollars to track their investments.

>> No.6091942
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6091942

Is this bait?

>> No.6092011

>>6091859
how do I start seeing things in sats?
Why is 三used for eth? is it because it's third in market cap?

but I can't afford to invest much, I always think in dollars, the most I put outside of blue chip cryptos is $100 which is 0.1 ETH?

>> No.6092205

>>6091616
usd -> btc/eth -> shitcoin
shitcoin -> btc/eth -> usd

when you measure a shitcoin in dollar(more precisely USDT, not real dollars), it goes through the other coin of the trading pair...
just think hard about it... you'll get it...

getting that mechanic makes it easy to at least just out when btc/eth are rising/falling and you just know alts will keep bleeding after even after the big ones started to stay on an even level again...

so in a situation like yours, you could:
cash out into eth/btc and immediately cash out into USDT
then wait until eth/btc dips, buy in... wait until they rise significantly for profit
if they don't, you buy up the heavy bags of shitcoin hodlers that panic sold because of a btc/eth correction...

i learned this the hard way thoughout dec.
i could be way beyond the 100k mark by now if i would've gotten this earlier...
now trading is a piece of cake 9/10 decisions to buy/sell bring profit, since like a week or two
also: you get a really good gut feeling, the more autistic you treat the charts and the more information about TA and the coins you accumulate

buy smart, don't get dumped on hard