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/biz/ - Business & Finance

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9237379 No.9237379 [Reply] [Original]

Can you explain something to an absolute shit brain retard like myself?

So I buy tron at say 900 satoshi yoshi’s or whatever the hell it is. If it’s raises to say 1000 sat but th value remains at .9 cents how do u earn off of that?

>> No.9237407

It makes no sense isn’t everything based off dollar value? What is th point of these Chinese name value number

>> No.9237427
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9237427

>>9237379

>> No.9237429

By accumulating Bitcoin like that (assuming you sell at 1000 sats) you're playing the "Tron might go to zero in an instant, but Bitcoin won't" card.

>> No.9237440

>>9237429
But I’m hoping Tron will go to $1. But is it possible for Sats to go up but not dollar value?

>> No.9237459

>>9237379
/biz/'s collective IQ is lower than ever.

>> No.9237513

Biz is actually still a thing ?
Nothing intresting since august 2017

>> No.9237526

if you are trading based on usd value and not satoshi yoshis then you are doing crypto wrong and should probably bleach yourself

>> No.9237545

>>9237440

is this bait? if not then yes that is possible you fag. just like you can gain dollars but lose sats

>> No.9237583

>>9237459
really is

>> No.9237585

>>9237440
Of course it's possible. Imagine TRX is completely decoupled from the rest of the market and it is valued at 1 TRX = 1 USD. If BTC is valued at X BTC/USD, then TRX will be equivalently valued at Y BTC/TRX. But if somehow BTC loses half of its value in a flash crash, then TRX will be valued at 2*Y BTC/TRX --- twice the value in sats --- while maintaining its 1$ value. This happens all the time.

>> No.9237635

>>9237545
No I’m completely new to crypto and before I try and buy alts I kinda wanna know what in God’s name I should be looking for

>> No.9237642

>>9237379
you earned 100 satoshi yoshis you stupid kike nigger. do you even math?

>> No.9237667

Because in order to profit from any alt coin you always have to convert back to satoshis (or eth) and then to USD. You are always looking to increase the amount of BTC or ETH rather than the amount of USD, because BTC or ETH is what you at the time of converting to USD.

>> No.9237668

>>9237526
What is a satoshi yoshi and why do I want them? I can’t cash out in yoshi’s only USD.
I create so many threads shilling various things and I have no idea what the hell im even talking about

>> No.9237669

>>9237585
>Imagine TRX is completely decoupled from the rest of the market and it is valued at 1 TRX = 1 USD.

Sorry man my imagination isn’t that good.

>> No.9237774

>>9237668

most people on biz trade with the intention of stacking as much bitcoin as possible. but yes you can gain sats and lose dollars, lose sats and gain dollars, or be gaining/losing both at the same time.

>> No.9238054

>>9237379
That has to be b8.
But for fags that read this but, thankfully, don't create 201 thread with the same fucking question:
ALTS DO NOT HAVE USD VALUE. AT.FUCKING.ALL
What you see is an imaginary value represented by taking the value of the ALTcoin IN SATS of BTC, and then figuring out how much these SATS would be worth IF alts had a fiat pairing.
But they don't have it because they are not fiat paired. It ain't FOREX.
So:.when BTC goes down, alts go down in sats AND fiat because of BTC pair and the imaginary fiat value. BTC loses value in USD, so do the alts. There's more to that, but shit...DYOR
So TRX can be 1000 or 10000 sats and still be 9c BECAUSE it depends where BTC is in this market.
Always look at BTC, and forget your fiat as soon as you bought in. Count alts value in sats.

>> No.9238089

>>9237668
You actually unironically cash out in satoshis.
These are, for the simplest explanation, fractions of BTC. Or ETH (ETH sats) or LTC (litoshis)
You cash out in these because these are the only ones having real fiat value.

>> No.9238258

>>9238054
>ALTS DO NOT HAVE USD VALUE. AT.FUCKING.ALL
Wrong. Both alts/btc and alts/usd matter. Watch both charts.

>> No.9238333

>>9238258
For a new "trader"?
It's best to learn to forget the fiat value. It will come later anyway.
But when you are so new and so lost that you don't know what satoshi is, then you tell me: is it really a good idea to follow the fiat value?
Oslo, seriously: ETH,LTC, some other bigger ones, but a shitcoin off of IDEX? Why bother with fiat value on that, even later.
I look at fiat value only when comparing (quickly) BTC to ETH on alt pairing. Other than that I have an idea, but, shit why do I need a fiat value on UUU?
Or even the big names(except ETH)?
Asking, not making a statement.

>> No.9238433

The general idea is to earn satoshi because you believe satoshi will go up in value. The reason your trade earned you sats but not dollar is because the price of BTC was going down so you could buy more SATs for the same price. When or if BTC returns to it's old price then you will have more more usd

>> No.9238444
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9238444

>Measuring in sats

>> No.9238488

>>9237379
Actual, honest "help the newbie" thread on biz/
>>>9238262

>> No.9238700

>>9237379
There’s only one correct >>9238444
answer in this thread the rest of you brainlets disgust me.

>> No.9238965

>>9238444
>Not measuring in Yoshitoshis