most people answering this question got the answer wrong. chances are Anon Babble will too, top kek
Most people answering this question got the answer wrong. chances are Anon Babble will too, top kek
well nigger how much did yoh buy?
He didn't make profit, he lost 16% of his BTC stack by selling at 50k and rebuying at 60k.
Point is unless you're selling, you ain't making shit
If you buy to sell later, than sell later
But holding is cope
I AM FUCKING SICK OF ALL THE THIRDIES POSTING THEIR RETARDED SHIT ON THE BINANCE APP COMMENTS
THEY DONT EVEN GET THEIR TWITTER PAYOUT FROM IT
STOP
Whenever I feel down I go to binance square and scroll down. After 10 seconds I immediately feel good about my life. Damn it must suck to be one of those people. And the fucking stupid “puzzles” like “who is actually dead??” Holy shit imagine living your life like this.
Feels good to be white middle class in European country. Might not have made it but it could have been a lot worse.
It pisses me off. They arent human.
the retarded puzzle spam is also a kinda new phenomenon there.
I think its jeets cargo cult copying their dogshit checkmark engagement farm behavior from twitter.
I catch myself looking at it even though I know that nothing posted on square is of use. Its all bullshit. Yet i do it almost every time i open the app. I am actually pissing off myself with this.
what helps is setting multiple currencies as favorites. that pushes the comments section down on the home screen.
also helps me track overall movements to get better perspective on why things are pumping or dumping.
but yeah its a terrible habit thats surprisingly weird to drop. its staring into the abyss.
I demand a third world firewall for the greater good.
If you ever need a pick me up, just go on coinmarketcap, click on a scam join like PI, and be astonished by the stupidity.
The institutions are desperately buying, PI $3,141 eoy.
Kek, true.
When I think profit I think of how much money you actually made after all is said and done. So he made 20k
They aren't wrong. I work at goldman sachs and we are DESPERATE to buy all the pi coins we can. Do you have any pi coins sir? I would like to purchase them if so. I am so very desperate for the pi coin saar
50k, Is that right?
Unanswerable question since the principal isn't known, but if we assume it was the same principle for both he made a [(50/20)*(90/60)-1]*100% profit
He made 2 movements at different points in life and both of them were successful.
Without more information, that question is pointless. Maybe he sold in 2021, invested in NVIDIA, became rich and then in 2024 felt like buying btc again.
That's a x4
i only know the solution for goats, not sure about bitcoin.
300%
bar for joining a community filled with niggers and jeets is 6th grade math
400%*
what this anon said
I bought for 20k
Not "I bought at 20k."
Also he refers to "it", which suggests it is a specific denomination, such as 1btc.
The principal is the only numbers you see dumb nigger.
assuming he reinvested all his gains from the initial 2.5x, it's 3.75x net
60k to 90k is 50% wtf are you talking about
-20k
+50k
30k profit
-60k
+90k
30k profit
Am I being trolled here? he ends up with 30k profit
using "for", he made $20k profit
275% no?
if he used all 50k from the first sell, then he needs 10k more to buy 60k worth, so -10k + 30k profit = 20k profit
Can't be answered exactly without knowing his fees and taxes.
Sometimes I forget that the average person is so aggressively stupid that basic addition and subtraction is too complex for them.
Paid 80k, sold for 140k. 60k profit.
If you can't do basic math then you really really really have no business being on this board and certainly not investing. If you're this stupid then just pay someone else to invest your money for you.
yeah you're right i goofded
Why the fuck do you all thing “buying BTC at 20k and selling at 50k” means you earn 50k of profit? That’s the price of the asset you tards, selling AAPL at 300 dollars doesn’t always give you 300 dollars profit, it doesn’t imply at all one BTC
The question is ambiguous
Assuming "I bought BTC for $20k" means $20k was spent to acquire some amount of BTC, and "I sold it for $50k" means the previously-bought BTC was sold in its entirety for $50k, then he made two trades that each yielded $30k profit for a total profit of $60k.
I am assuming he didn't go into debt for the $60k buy, or that he may have but we are not supposed to take that into account
I am assuming "I bought BTC" does not mean "I bought exactly 1 BTC"
I am assuming we are not supposed to measure the profit in BTC, because there is no way to do that while making the above assumptions
You lost 120k.
-20+50-60+90
i can join then
lmao. assuming he bought 1 BTC he made $60k in profitorinoes
stupid.
shh we don't called them that here. its bad for business.
Depends on the price of Bitcoin?
He didn't make any profit he lost money.
assuming the quantity purchased = quantity sold for each corresponding time:
[x*(30) + y*(30)]/(x+y)
where x = quantity purchased/sold in round 1 and y = quantity purchased/sold in round 2.
if the quantity purchased/sold was the same each time, nigga did a 30x i.e. 3000% profit
Noone ever lost money on Bitcoin. Unless they are sub 20 iq, which is below even iq of islamic countries at 79 average
30+30 is 60
I miss typed and didn’t want to spoil the thread.
If that’s incorrect how about showing the class the correct method of the arithmetic.
There are like 4 separate variables you need to come up with a meaningful answer this.
Am I retarded for thinking it's $60k?