Profit is like Fish

avatar

Profit is like Fish

Well its been a while lots of people are asking me for trading/investing related advice.
How do you do it?
Is that trade profitable?
Is that hive stake that you are holding is profitable?
Is Leo/Cub is good investment?
Would I rather buy this shit-coin or that?

And above all, Are you making profit?

So I thought I should write a summary of Profit and Loss (I got the idea from reserves in oil & gas, where similar terminology is used). So here it goes...

image.png

Source

Booked Profit:

The fish is in the boat. You have weighed the fish. You can smell the fish and you will eat the fish.

Profit booked, but not converted to BUSD:

The fish is on your hook in the water by the boat and you are ready to net him. You can tell how big the fish looks (and they always look bigger in the water).

Possible Profit:

There are fish in the lake. You may have caught some yesterday. You may even be able to see them, but you have not caught any today.

Probable Profit:

There is water in the lake. Somebody may have told you there are fish in the lake. You have your boat on the trailer but you may go play golf instead.

d61c1bc1d4df8aac0a33f773508d79c4.jpeg

Source

Loss:

You used to have a Fish. But you traded it for magic beans (or some BSC shit-coins). You used to have cash flow and a job. Now you just have the magic beans :)

Arbitrage:

If you buy fish from the Seattle wholesale market, put it in a cooler and then drive and sell it to your moron and geek Microsoft buddies at Redmond, you can make some pretty penny!

image.png

Source

There you go! That's pretty much it. I hope you are having fun and not watching the price of DEC :)

I do hold 16M DEC, so no worries. I promise you this is not that fish that got away. Also they did something with the damn inflation and now the quest rewards DEC and the per-win DEC are both tiny! No complaints, as the the game has given us a lot! I am sure the rewards will readjust soon enough! I do love the new rewards cards, just for the records!

image.png

Chart from Tribaldex



0
0
0.000
50 comments
avatar

I used to have so many magic beans. I still do. Some magic beans captivate me as well with their magic for days while I look at them with awe!

Great read by the way! Loved the fish analogy!

0
0
0.000
avatar

We all have out magic beans Amor. I have a wall of shame full of their pictures :)

0
0
0.000
avatar

Make some NFT with them pictures, super limited edition. It's high time shame should be sold.

0
0
0.000
avatar

If you have an idea, it sure can be sold today :)

0
0
0.000
avatar

Dada Amor forgot to tell you about deceased heartbeat... he has thoroughly educated himself on that particular subject

0
0
0.000
avatar

Amor often forgets Fia..

I rely you on these things.

0
0
0.000
avatar

This post has been manually curated by @steemflow from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating to @indiaunited. We share 80 % of the curation rewards with the delegators.

Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.

Read our latest announcement post to get more information.

image.png

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

0
0
0.000
avatar
(Edited)

I do hold 16M DEC, so no worries.

First off, thanks for being here with us and helping support the game with just this one investment, even though I can only imagine that you are similarly invested into perhaps spt and sps too?

I look at sps and think this is going to be an amazing investment for anyone who can hold long term especially for the next three years.

What are your insights about investing into sps for a smaller investor looking for more short term gains/ROI from their investments into Splinterlands and their various economies?

also I see you love pokemon... I purchased 4 amazing splinterlands wooden laser engraved cards. Interesting collectables... This person has two amazing wooden laser engraved pokemon cards you might want.... https://www.etsy.com/listing/1071737757/made-to-order-custom-pokemon-cards?ref=shop_home_active_2

0
0
0.000
avatar

I have 300K SPS as well and about $1M worth of cards 😂

Not to mention a whole region and some.

Not that much SPT :)

$1M worth of hive 😂

Too much that I care to admit!

Yes, but the pleasure is all mine :)

0
0
0.000
avatar

I know about your Hive trust me, you are like the Arthur Digby Sellers of the blockchain...

...Arthur Digby Sellers wrote 156 episodes, Dude. The bulk of the series. Not exactly a lightweight.

I recently invested more than I ever intended on investing with Hive tokens, for various reasons but namely with spt. I have a far greater appreciation and understanding of the role whales such as yourself play in the Hive ecosystem. To see one diversely invested in such large amounts only solidifies my investments into Hive. So thank you again!😋

If you have time to check out those pokemon cards I sent the link for, I would much appreciate your opinion on such collectables this person makes and is starting to make for Splinterlands. I just got a prince Julian off of him he said he is only making 3 ....
kitty_wood_card.png

prince_julian_wood_card.png

0
0
0.000
avatar

Keep some epinephrine along when the fish snags the line again.. I do tho when i drive to redmond.

0
0
0.000
avatar

Someday... yes someday.. I will
Drive you to Redmond in a nice car ;)

0
0
0.000
avatar

You must have started with a very large fortune to accumulate so much!!

0
0
0.000
avatar

Perhaps. But I accumulated a lot along the way. Also I am fortunate to have good friends

0
0
0.000
avatar

Agreed, good friends are worth more than your material wealth, hold on to them.

0
0
0.000
avatar

Love reading all about fish and magic beans.
Who will understand, understand. And who don't will never or will hold this BSC or magic beans. Haha...

0
0
0.000
avatar

Well, I am mostly interested in you and people like you, who I feel like we must elevate

0
0
0.000
avatar

I'm so dumb, not into investing. I have almost zero knowledge about altercoins. So I'm not counting myself in any investment in near future 😅😅
But maybe someday.

0
0
0.000
avatar

I am quite dumb in investing myself! :) Most of us are :)

0
0
0.000
avatar
(Edited)

So I have hope 😁
Deep inside I'm pretty interested about investing and people who investes. Maybe someday I'm will study and invest.
You people are inspiration for many to come to this path.

0
0
0.000
avatar

I really like the given examples. Very intuitive.

Would you consider playing the game as a noobie that is unable to invest a lot into the game as time worthy?
I've read a lot about people complaining it's hard to rank up because a lot of people have great cards. So you need to invest
Is this true?

Kind regards
Chris

0
0
0.000
avatar

Yea I would.

I am am a noob compared to many

0
0
0.000
avatar

Well I feel like the biggest noob. My winrate is around 40% or even lower :D

0
0
0.000
avatar

A random person: Look at this latest mumbo jumbo (aka a shit coin in aluminum foil)! I believe it will moon and then some.

Dada: Shit coin is a shit coin. Wait till it starts to smell

0
0
0.000
avatar
(Edited)

Fia. Don’t worry about any shitcoin.

I will make you all rich. :)

0
0
0.000
avatar

টাকা মাটি মাটি টাকা 😅

0
0
0.000
avatar
(Edited)

I do hold 16M DEC, so no worries

Can you give us 10 minutes notice before you dump it all?

0
0
0.000
avatar

Sure! :) For you I can give you 30 min :)

0
0
0.000
avatar

The fish story is quite interesting ,so simply your post explained the depth of market and possibility for profit. i believe on hive and i am keep investing .sooner or later DEC will grow like big Salmon .

0
0
0.000
avatar

Esta fácil puesto que moneda de mierda es que no vale una mierda, como su nombre lo indica correcto? algun dia puede valer todo depende de la suerte, la oferta la demanda, o que venga un loco millonario como elon musk y compre 4 mil millones de esa moneda de mierda y adquiera valor

0
0
0.000
avatar

untitled.gif

Sell low buy high right!!!???

0
0
0.000
avatar

Awesome post dada. There are so many shit coins launching everyday, But I am glad I didn't invest any money into those cheat coins. I poured most of mine in splinterlands and now I have a decent SL account and getting stable earning from it which is way better then investing in those scams.

0
0
0.000
avatar

Yes, Splinterlands is a success story on hive. Without that game who knows where we would have been!

0
0
0.000
avatar

Profit booked, but not converted to BUSD

Probably this one hurts the most lol. And even more if its a shit coin :)

0
0
0.000
avatar

Yeah. Been there , done that

0
0
0.000
avatar

Seriously this is amazing way to explain the trading 👏

0
0
0.000