RE: [TRADE] 0.333 BTC for 5.29105697 DASH via ShapeShift October 11, 2017

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[TRADE] 0.333 BTC for 5.29105697 DASH via ShapeShift October 11, 2017

in thirdsrulestrategy •  7 years ago 

I don't understand.

This sounds like a good way to lose money.

The current Bitcoin price = $5250
Therefore 0.333 BTC = $1748

The current DASH price = $295.7
So if I swap $1748 of BTC I get 5.291*$295.7 = $1564.54

I just lost $183

How is that a good idea?

thirdsrulestrategy
7 years ago by

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      ·  7 years ago 

    Well, it REALLY depends what you ORIGINALLY paid for BTC???

    So for example bitcoin in 2015 was around $250 and DASH was NOT as popular to have secured in a wallet at that time, NOW might be a GOOD time to pick up 1/3rd of DASH...RIGHT???

    Having more baskets instead of only ONE minimizes the risk of loss.

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    3 votes