Bit of a newb question here, but it has to do with selling my altcoins. So I bought Ethereum when it was $200, and now I want to sell it. Make a nice little profit there.
But wait! Now bitcoin has gone up to $3100. When I bought the ETH, Bitcoin was only at about $2500.
Am I losing anything? Am I gaining anything? Or has nothing changed? This one is a bit of a mind bender for me.
But wait! Now bitcoin has gone up to $3100. When I bought the ETH, Bitcoin was only at about $2500.
Am I losing anything? Am I gaining anything? Or has nothing changed? This one is a bit of a mind bender for me.
Bit of a newb question here, but it has to do with selling my altcoins. So I bought Ethereum when it was $200, and now I want to sell it. Make a nice little profit there.
But wait! Now bitcoin has gone up to $3100. When I bought the ETH, Bitcoin was only at about $2500.
Am I losing anything? Am I gaining anything? Or has nothing changed? This one is a bit of a mind bender for me.
To see it better you can use the fundamental operations of mathematics: +-/*But wait! Now bitcoin has gone up to $3100. When I bought the ETH, Bitcoin was only at about $2500.
Am I losing anything? Am I gaining anything? Or has nothing changed? This one is a bit of a mind bender for me.
When you bought the price was 2500/200=12.5 ETH,so that for each BTC anybody would receive 12.5 ETH right? well then let's see with the new price adjustment you mention,since you do not mention the price that was yesterday for ETH let's sit this on $256, then again 3100/256=12.10 ETH,however it was yesterday now the prices are different but you can use the same way,in other words if you was trying to return to BTC yesterday you would have lost 12.5-12.10=0.4 ETH or its equivalent in BTC that without considering anything else,so you can do the calculations for today yourself and see what is best for you, just consider that the example shows 1 BTC of example,but for the case is the same,or if you prefer in simpler terms in that time you lost 3.2% of your BTC.
