lakeheadca
New member
- Joined
- Jan 7, 2022
- Messages
- 1
How come profit is same on both coins when input was the same amount, though the price increased significantly in the first one. where am i going wrong, is it my logic
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1 bitcoin price=50000
1 bitcoin value 7% up = 50000x.07 = 3500
New bitcoin price = 53500
invested (500=.01 bitcoin) when the price was 50000
With new bitcoin price =53500 and my profit 50000 * .01=535
so profit was 35
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1 Ethereum price 5000
1 ETH value 7% up = 5000x.07 = 350
New ETH price = 5350
invested (500=0.1 ETH) when the price was 5000
With new ETH price =5350 and my profit 5350 * .1=535
so profit was 35
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please help me, in both coins: if i put 500 dollars, what will be my 1 dollar value after price increment. is 535/500=1.07 both cases
---------------------------------
1 bitcoin price=50000
1 bitcoin value 7% up = 50000x.07 = 3500
New bitcoin price = 53500
invested (500=.01 bitcoin) when the price was 50000
With new bitcoin price =53500 and my profit 50000 * .01=535
so profit was 35
---------------------------------------
1 Ethereum price 5000
1 ETH value 7% up = 5000x.07 = 350
New ETH price = 5350
invested (500=0.1 ETH) when the price was 5000
With new ETH price =5350 and my profit 5350 * .1=535
so profit was 35
----------------------------------------------------
please help me, in both coins: if i put 500 dollars, what will be my 1 dollar value after price increment. is 535/500=1.07 both cases
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