If you use $100 to buy bitcoin at $65,935 and want to sell your bitcoin at $66,935, your profit will not be too big.
Maybe you need to hold for more until the price can be up to $69k or even $70k. But that will not be too big.
But if you can trade your bitcoin and follow the fluctuation of the price with better, I think your profit will be bigger as you do not try to sell your bitcoin at once.
Maybe leverage trading can help you make a bigger profit, but the risk will be bigger than the usual trading.
Topic: 100 dollar gains? (Read 134 times)
You earn from that trade but its not $100 because of the fees being deducted on your account since your first trade, so don't expect that much on a small pump on any price. If you bough on that level, you have to setup the percentage that you want to earn and sell only if the price hits your target, you should the same strategy when you do the cut loss.
Answer by BitMaxz is already complete but allow me to make a comment.
When you trade, regardless of what it is stocks or assets or crypto. You don't look at your $100 anymore. You have EXCHANGED it for the asset/stock/product.
So if that thing you buy increases in price, you make a profit, and the other way around.
But because exchanges have spreads and fees, you actually make a loss as soon as you exchange (you always buy for more than actual price and sell for less than because of spread). So you have to calculate spread, plus fees, and that is you starting loss.
When you trade, regardless of what it is stocks or assets or crypto. You don't look at your $100 anymore. You have EXCHANGED it for the asset/stock/product.
So if that thing you buy increases in price, you make a profit, and the other way around.
But because exchanges have spreads and fees, you actually make a loss as soon as you exchange (you always buy for more than actual price and sell for less than because of spread). So you have to calculate spread, plus fees, and that is you starting loss.
Doubling your investment from a small Bitcoin price increase is possible only by leverage/margin trading.
Deposit $100 into a cryptocurrency exchange,which supports margin trading,get a x100 margin,which means that you will have $10000 to buy BTC,so when the BTC price increases with around 1.5%,you will get $150 profit,minus the fees for margin trading and other trading fees,you get $100 profit(this depends on many factors).It is theoretically possible to turn 100 USD into 200 USD out of a 1.5% Bitcoin price increase.
Bear in mind that my example might not be accurate and I don't recommend margin/leverage trading for newbie traders.
Deposit $100 into a cryptocurrency exchange,which supports margin trading,get a x100 margin,which means that you will have $10000 to buy BTC,so when the BTC price increases with around 1.5%,you will get $150 profit,minus the fees for margin trading and other trading fees,you get $100 profit(this depends on many factors).It is theoretically possible to turn 100 USD into 200 USD out of a 1.5% Bitcoin price increase.
Bear in mind that my example might not be accurate and I don't recommend margin/leverage trading for newbie traders.
Not sure if I get what you mean, but assuming you bought in with $100: you'd only gain another $100 ending you up with $200 of value(which is double your initial $100 investment) only if bitcoin doubles(100% increase) in price.
This is a simple explanation of op question. If he invested $100 then excluding his fees on buying and selling, @ $200 he should have doubled his investment. I think the fees should be excluded from his calculation because fees are taken off his hodling.
If you want to make 100 dollar profit from your 100 dollar investment then you need to sell your BTC when the price was doubled from the price when you bought it, so if you are talking about $65K then you can make $100 profits only if you sell at $130K. Hope it was clear now.
Not sure if I get what you mean, but assuming you bought in with $100: you'd only gain another $100 ending you up with $200 of value(which is double your initial $100 investment) only if bitcoin doubles(100% increase) in price.
~snip~
Is not a bitcoin it's 100 in USD he can only get this 0.0015166451808599BTC if he buys bitcoin at this rate $65,935.
And how did you actually get 31 dollars? He gains are only $1.5 when he sold this 0.0015166451808599BTC at $66,935
This is right.
Since $65,935 to $66,935 has 1. % something increased, that $100 will become 101.something (lets say 101.2-101.5 usd)
It just means you only gain 1 dollar something. And that just become useless because the fees are quite high than your profit.
Just curious on this.
I am asking what would my gains be
If i there to buy BTC when the price is $65 935
I would put in 100 dollars at that time.
Would I gain back my 100 dollars If i were to trade out at 66 935?
So would only a gain of 100 dollars on value of BTC
give me some gain of my investment?
thanks
I am asking what would my gains be
If i there to buy BTC when the price is $65 935
I would put in 100 dollars at that time.
Would I gain back my 100 dollars If i were to trade out at 66 935?
So would only a gain of 100 dollars on value of BTC
give me some gain of my investment?
thanks
You can get another $ 100 if you touch the price of $ 66k, but not in the Spot market, but in futures trading,
choose leverage x100 and you will achieve maximum results, of course in futures trading you will be very risky of losing your $ 100 capital if you use large leverage , so don't choose the wrong choice and do the analysis appropriately, oh yes one more thing, don't be greedy!
~snip~
Is not a bitcoin it's 100 in USD he can only get this 0.0015166451808599BTC if he buys bitcoin at this rate $65,935.
And how did you actually get 31 dollars? He gains are only $1.5 when he sold this 0.0015166451808599BTC at $66,935
It should get your $100 with little profit unless if you are paying a large trading fee.
Here's my calculation based on your investment.
100÷$65,935= 0.0015166451808599BTC
And then when you are going to sell this should be your total amount and profit.
0.0015166451808599BTCx$66,935= $101.5166451808599 so your profit/gains is around 1.5 USD without a fee, you wouldn't make any profit if the fee is around 1.5%
Here's my calculation based on your investment.
100÷$65,935= 0.0015166451808599BTC
And then when you are going to sell this should be your total amount and profit.
0.0015166451808599BTCx$66,935= $101.5166451808599 so your profit/gains is around 1.5 USD without a fee, you wouldn't make any profit if the fee is around 1.5%
Just curious on this.
I am asking what would my gains be
If i there to buy BTC when the price is $65 935
I would put in 100 dollars at that time.
Would I gain back my 100 dollars If i were to trade out at 66 935?
So would only a gain of 100 dollars on value of BTC
give me some gain of my investment?
thanks
I am asking what would my gains be
If i there to buy BTC when the price is $65 935
I would put in 100 dollars at that time.
Would I gain back my 100 dollars If i were to trade out at 66 935?
So would only a gain of 100 dollars on value of BTC
give me some gain of my investment?
thanks
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