RE: A thread from our slack chatroom

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A thread from our slack chatroom

in trading •  7 years ago  (edited)

Sorry if it wasn't too clear, I was trying to keep it simple and assume Person B sells all BTC to USD and vise versa when he buys. So he buys 1 BTC @ $2k the price doubles and ends up at $4k (sells the lot). He buys $4k worth of BTC when it hits $2.5k and ends up with 1.6 BTC. Sells everything again at $4.5k and ends up with $7.2k. Net profit of $5.2k, or worth a total of 1.6 BTC with his initial investment included in that.

trading
7 years ago by

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      ·  7 years ago 

    Oh, ok. That makes more sense. Thank you for the clarification. I would definitely go for the $5.2k over $2.5k. That's over 2X more profit!

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