pumpjack Posted December 24, 2017 Share Posted December 24, 2017 last month i lumped £2000 GBP on bitcoin, i bought in at around $14500 , i used a platform called avatrade ( please do not use this company as they have zilch customer service ) anyway because i deposit £2000 i was told a rep would contact me and give me little advice on how to trade etc. i waited and no call, then despite 7 emails in a week to them and approx 20 phone calls i never got through, this made me withdraw my money out at $14.300 so i made a tiny win at least i did not lose. i say this only to let you guys know not to use www.avatrade.com now the answers to my question i need is ....if i had of had the balls and held the $2000 for a little longer and it shot up to $20.000 2 days ago exactly how much would i have made ? so, today bitcoin again is fallen down to $14.200 something , if i do indeed to throw say for instance £100 GBP onit, then it shoots up to $20.000 again, how much will i make ? cheers JACK PS....if i do throw some money in again today should i take a punt on what ? litecoin, ripple , euthereum ? advice plzzzz Link to comment Share on other sites More sharing options...
jesimps Posted December 25, 2017 Share Posted December 25, 2017 I may be wrong but I reckon the formulae for profit is 2000/145000 x (20000-14500) which comes out to 758.6206896551724 usd. So with your original stake you end up with 2758 approx. Minus fees. Link to comment Share on other sites More sharing options...
mjnaus Posted December 26, 2017 Share Posted December 26, 2017 Please don't take this the wrong way, I honestly have nothing but good intentions with the following... don't get into crypto's unless you know what you're doing. I would not buy anything else at this point, instead I would take a week or two and do some solid research into general crypto currency technology followed by some research into some of the different coins currently available. Use that research to form an opinion on which of these coins you believe will still be around in a 5 years time. Link to comment Share on other sites More sharing options...
janclaes47 Posted December 26, 2017 Share Posted December 26, 2017 On 24/12/2017 at 2:40 PM, pumpjack said: i bought in at around $14500 On 24/12/2017 at 2:40 PM, pumpjack said: this made me withdraw my money out at $14.300 On 24/12/2017 at 2:40 PM, pumpjack said: so i made a tiny win You lost me there. Link to comment Share on other sites More sharing options...
Peterw42 Posted December 26, 2017 Share Posted December 26, 2017 I would stick to tulip bulbs. Link to comment Share on other sites More sharing options...
Peterw42 Posted December 26, 2017 Share Posted December 26, 2017 Very confusing OP, spending pounds then referencing the value in $US and the decimal point is moving, talking about the $US value of one bitcoin then $US value of 1% of one bitcoin. IF you buy at $US X and sell at $US Y, the profit or loss is the difference between X and Y. Then a profit or loss converting the dollars back to pounds. Link to comment Share on other sites More sharing options...
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