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Comfy Guide for Newfags

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Thread replies: 7
Thread images: 3

File: 1504642563711.png (71KB, 1456x1108px) Image search: [Google]
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Don't worry lads we're not in a bear market yet.
We're just seeing the bull market howling it's last growls before it goes into it's den to sleep.
Most of you didn't even know what Bitcoin was during the last real bear market so I'm going to explain some basics.
"Trading is a zero sum game, for somebody to win somebody has to lose." This is true in an absolute sense but many here are true believers in Crypto and believe no matter what some form of it will come up on top.
So if you only care about Crypto there are two more possible situations other than a zero-sum game.
You can have a:
•Positive sum game
Which is when people are buying more crypto (doesn't matter which ones) with fiat making all cryptos more valuable in the long run. This is why you often see alts sometimes rise in price along with Bitcoin. This is the bull market. Fiat flows into the market providing liquidity and raising prices.
there is also a:
•Negative sum game:
This is when you see all red or mostly red days. The winning move in a negative sum game is to have already cashed out or simply be holding what will fall the slowest. This is the bear market as liquidity falls and prices do as well. The only remedy to a bear market is actual good news dispelling widespead FUD can help however.
In a negative sum (Bear) Crypto market don't expect any moon missions, they're likely to be a longshot unless everyone decides a single coin is safe and they all act accordingly (rare)
What you should do in these situations is set up recurring purchases to buy in modest amounts over time.
Every day after the recovery you'll be thanking yourself for every day you did this.
>>
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>sell an altcoin for x amount of ETH
>track this sale on bitfolio
>it doesn't credit me for the ETH I just gained
>have to go and add it manually with an ETH "buy"
is there any easier way to do this?
>>
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>>3358508
Quality post. Thanks OP.
>>
>>3358508
>>3358555
Thanks for what you've told us already, though.
>>
>>3358508

This is all too fucking complicated OP.
When do I get my lambo??
>>
You're retarded. Not a zero sum game because we have miners.
>>
>>3358602
From a trading perspective miners aren't that different from traders.
Traders:
Fiat > Crypto
Miners
Fiat > Computing power > Crytpo
>>3358555
I don't use blockfolio, spreadsheets work better.
Hint: You can import data from the web in google sheets with importHTML.
I'm currently working on a telegram bot that hopes to do most of the things blockfolio does.
Feel free to try it out @CryptoWatcherBot
Thread posts: 7
Thread images: 3


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