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Example: 1. I have 0 bitcoins, price is $1250 2. Price drop 20% to $1000 3. I buy 1bitcoin for $1000 4. Price rise to $1200 5. I sell at $1200, earning 20%
by mikulas_florek 10y ago
Example:
1. I have 0 bitcoins, price is $1250
2. Price drop 20% to $1000
3. I buy 1bitcoin for $1000
4. Price rise to $1200
5. I sell at $1200, earning 20%, not 40%
Am I missing something?
- mhluongo 10y agoThe part where it can instead drop to $300, and you lose 70%, as happened after Gox :)