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Crypto Currency Investors Thread - Investment (1096) - Nairaland

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Re: Crypto Currency Investors Thread by dayo229: 5:41am On Aug 04, 2021
Daemo111:
Good morning House,
I have a very important question for the gurus in the house. I have been trading Alt coins since I started crypto cos of affordability and have always been shying away from BTC itself cos of its high cost to own.

Now the question is, Currently 700USD would buy me 0.018376 BTC at $38k which is the current price, does it mean if BTC rise back to $60k it would be 60000-38000= 22000. And 0.018376×22 = 0.404272 BTC which would now become $15,424.39 (#6,361,019.16). Does it mean $700USD would become $15,424.39
Pls assist me with how you calculate your BTC profit and kindly let me know if I am correct or wrong with my analysis.

Why not multiply it by 22000 grin grin

9 Likes

Re: Crypto Currency Investors Thread by OpenHeaven2019(f): 5:41am On Aug 04, 2021
DenreleDave:


I pray ksm come down to 20 dollars...

. Over a 100 dollars is too much for me

Lol.

I only have one answer to these request, if it comes you would be too afraid to buy.

I have seen too many times, people praying for dips, it comes and they run.
It easier to buy an uptrend for most people, people hardly buy dips, na whales territory be that.

5 Likes

Re: Crypto Currency Investors Thread by Daemo111: 7:31am On Aug 04, 2021
omoluabiguy:


You are a thief lol. Anyways, just multiply your fraction of beeteecee (0.018376) by whatever the price of beeteecee is.

Oya… calculate your fraction of beeteecee by $60k and you’ll have your answer.


Oh Lol, simple as that! I appreciate guy.
Re: Crypto Currency Investors Thread by Hazardd(m): 7:37am On Aug 04, 2021
Daemo111:



Oh Lol, simple as that! I appreciate guy.
pls explain further.. still confused in this
Re: Crypto Currency Investors Thread by VEXT: 7:58am On Aug 04, 2021
lahp:
is litecoin a good buy

Go for it ...
Re: Crypto Currency Investors Thread by dayo229: 8:08am On Aug 04, 2021
Hazardd:
pls explain further.. still confused in this

All he's trying to say is that coin don't increase unless you buy more, only the value does.

If you buy 1 BNB, it will always be 1 BNB unless you buy more, but the value of 1 BNB can increase from $320 to $1000.

11 Likes

Re: Crypto Currency Investors Thread by solelymade: 8:10am On Aug 04, 2021
Daemo111:
Good morning House,
I have a very important question for the gurus in the house. I have been trading Alt coins since I started crypto cos of affordability and have always been shying away from BTC itself cos of its high cost to own.

Now the question is, Currently 700USD would buy me 0.018376 BTC at $38k which is the current price, does it mean if BTC rise back to $60k it would be 60000-38000= 22000. And 0.018376×22 = 0.404272 BTC which would now become $15,424.39 (#6,361,019.16). Does it mean $700USD would become $15,424.39
Pls assist me with how you calculate your BTC profit and kindly let me know if I am correct or wrong with my analysis.

Oga this ya own math na wire ooo grin

3 Likes

Re: Crypto Currency Investors Thread by Nezzjnr: 8:11am On Aug 04, 2021
sunnyg12:
Do anyone knows about Royal Q trading bot?
You sent me a Mail?
Re: Crypto Currency Investors Thread by solelymade: 8:12am On Aug 04, 2021
Please, who is on Hoo.com
It seems VPN has messed up with my account. I can't sign in because it refused to send me sms verification for login. Please help?
Re: Crypto Currency Investors Thread by ojay36: 8:26am On Aug 04, 2021
Guys abeg what wallet support ecomi coin?
Re: Crypto Currency Investors Thread by crazymommy(f): 8:36am On Aug 04, 2021
Daemo111:
Good morning House,
I have a very important question for the gurus in the house. I have been trading Alt coins since I started crypto cos of affordability and have always been shying away from BTC itself cos of its high cost to own.

Now the question is, Currently 700USD would buy me 0.018376 BTC at $38k which is the current price, does it mean if BTC rise back to $60k it would be 60000-38000= 22000. And 0.018376×22 = 0.404272 BTC which would now become $15,424.39 (#6,361,019.16). Does it mean $700USD would become $15,424.39
Pls assist me with how you calculate your BTC profit and kindly let me know if I am correct or wrong with my analysis.
grin grin grin grin i want to believe you are joking...

3 Likes

Re: Crypto Currency Investors Thread by Daemo111: 8:47am On Aug 04, 2021
solelymade:


Oga this ya own math na wire ooo grin

It's called greed math grin

6 Likes

Re: Crypto Currency Investors Thread by Hazardd(m): 9:50am On Aug 04, 2021
dayo229:


All he's trying to say is that coin don't increase unless you buy more, only the value does.

If you buy 1 BNB, it will always be 1 BNB unless you buy more, but the value of 1 BNB can increase from $320 to $1000.
okay bro
Re: Crypto Currency Investors Thread by Hazardd(m): 10:18am On Aug 04, 2021
Kirchhoff01:




There's no way other than to pay the fee or
Wait for EIP-1559 grin grin grin
I heard is today concerning this upgrade... Is it advisable to sell after the upgrade
Re: Crypto Currency Investors Thread by DenreleDave(m): 10:26am On Aug 04, 2021
OpenHeaven2019:


Lol.

I only have one answer to these request, if it comes you would be too afraid to buy.

I have seen too many times, people praying for dips, it comes and they run.
It easier to buy an uptrend for most people, people hardly buy dips, na whales territory be that.

Pls help me beg ksm to come down to 20 dollars or even 30 and see if I will be afraid to buy... I don't mind borrowing money


The current price is too much for me grin grin

2 Likes

Re: Crypto Currency Investors Thread by nnekaike(f): 10:50am On Aug 04, 2021
Daemo111:
Good morning House,
I have a very important question for the gurus in the house. I have been trading Alt coins since I started crypto cos of affordability and have always been shying away from BTC itself cos of its high cost to own.

Now the question is, Currently 700USD would buy me 0.018376 BTC at $38k which is the current price, does it mean if BTC rise back to $60k it would be 60000-38000= 22000. And 0.018376×22 = 0.404272 BTC which would now become $15,424.39 (#6,361,019.16). Does it mean $700USD would become $15,424.39
Pls assist me with how you calculate your BTC profit and kindly let me know if I am correct or wrong with my analysis.
you will have $1105 only.

700/38000=0.01842
0.01842*60000= 1105.

6 Likes

Re: Crypto Currency Investors Thread by Nobody: 1:18pm On Aug 04, 2021
NFTs on the move.. tlm a.xs Faraday etc

2 Likes

Re: Crypto Currency Investors Thread by Ruben225571(m): 1:19pm On Aug 04, 2021
If this recent #BTC  bounce is merely a relief rally to flip the 200-day EMA back into resistance...

Then $BTC could pullback towards the blue 50-day EMA

The 50 DEMA is another EMA that has historically proven to be useful in supporting Bull Market uptrends

4 Likes 1 Share

Re: Crypto Currency Investors Thread by Curvinus(m): 5:41pm On Aug 04, 2021
Daemo111:
Good morning House,
I have a very important question for the gurus in the house. I have been trading Alt coins since I started crypto cos of affordability and have always been shying away from BTC itself cos of its high cost to own.

Now the question is, Currently 700USD would buy me 0.018376 BTC at $38k which is the current price, does it mean if BTC rise back to $60k it would be 60000-38000= 22000. And 0.018376×22 = 0.404272 BTC which would now become $15,424.39 (#6,361,019.16). Does it mean $700USD would become $15,424.39
Pls assist me with how you calculate your BTC profit and kindly let me know if I am correct or wrong with my analysis.


No that is not how it is done.
To get the actual increase in amount if the price of BTC were to appreciate to $60,000 from $38,000, you need to calculate the percentage increase and apply it to your $700.
Now let’s do the math.
First you need to calculate the percentage change from the first value of 38,000 to the second value of 60,000
You get this by subtracting the original value from the final value, then divide it by the original value and multiply the result by 100.
Something like this
V2 – V1
-------------- X 100
V1

= 60,000 – 38,000
----------------------- X 100
38,000

= 22,000
-------------- X 100
38,000

= 0.578947 X 100
= 57.8947 % change

So, the percentage increase from 38,000 to 60,000 is 57,8947%
Now multiply $700 by 57.8947 and divide the result by 100
Your answer is $405.2629
Add this figure to your $700 and you have the total of $1,105.2629.
So if BTC were to appreciate to $60,000 from its current price of $38,000, your $700 will also increase by 57.8947 percent to $1,105.2629

8 Likes 1 Share

Re: Crypto Currency Investors Thread by DieRich5: 5:57pm On Aug 04, 2021
undecided

Re: Crypto Currency Investors Thread by unclenna(m): 5:57pm On Aug 04, 2021
Dear traders, I need BTC does anyone have BTC to sell. Pls let me know ur rate.
Re: Crypto Currency Investors Thread by Neverlosemoney: 6:56pm On Aug 04, 2021
lahp:
is litecoin a good buy
Why buy 2go when you can buy Twitter. grin To me Bitcoíncash is preferable. Not a recommendation!!!

4 Likes

Re: Crypto Currency Investors Thread by Neverlosemoney: 7:03pm On Aug 04, 2021
Daemo111:
Good morning House,
I have a very important question for the gurus in the house. I have been trading Alt coins since I started crypto cos of affordability and have always been shying away from BTC itself cos of its high cost to own.

Now the question is, Currently 700USD would buy me 0.018376 BTC at $38k which is the current price, does it mean if BTC rise back to $60k it would be 60000-38000= 22000. And 0.018376×22 = 0.404272 BTC which would now become $15,424.39 (#6,361,019.16). Does it mean $700USD would become $15,424.39
Pls assist me with how you calculate your BTC profit and kindly let me know if I am correct or wrong with my analysis.
Are you sure you have been trading Alt coín? grin The same calculations for Alt is applicable to BTĆ. Seeing crazy math today, just got off a group where they keep telling me; Liquidity determines the price of cryptō and not market cap or coīn supply, anyone agrees?

2 Likes

Re: Crypto Currency Investors Thread by IyaTola: 7:33pm On Aug 04, 2021
Cannicus:
Anyone else enjoying the YFII ride here?
Yeah

1 Like

Re: Crypto Currency Investors Thread by IyaTola: 7:38pm On Aug 04, 2021
unclenna:
Dear traders, I need BTC does anyone have BTC to sell. Pls let me know ur rate.
ask binance Kucoin gate.io hotbit, bybit

1 Like

Re: Crypto Currency Investors Thread by IyaTola: 7:39pm On Aug 04, 2021
Neverlosemoney:

Are you sure you have been trading Alt coín? grin The same calculations for Alt is applicable to BTĆ. Seeing crazy math today, just got off a group where they keep telling me; Liquidity determines the price of cryptō and not market cap or coīn supply, anyone agrees?
I don't think so
Re: Crypto Currency Investors Thread by htdot: 7:55pm On Aug 04, 2021
Daemo111:
Good morning House,
I have a very important question for the gurus in the house. I have been trading Alt coins since I started crypto cos of affordability and have always been shying away from BTC itself cos of its high cost to own.

Now the question is, Currently 700USD would buy me 0.018376 BTC at $38k which is the current price, does it mean if BTC rise back to $60k it would be 60000-38000= 22000. And 0.018376×22 = 0.404272 BTC which would now become $15,424.39 (#6,361,019.16). Does it mean $700USD would become $15,424.39
Pls assist me with how you calculate your BTC profit and kindly let me know if I am correct or wrong with my analysis.
Divide 60000÷38000*700.. that will be your value, but your bag or amount of btc will still remain the same. Only your dollar will pump..

1 Like

Re: Crypto Currency Investors Thread by IyaTola: 8:03pm On Aug 04, 2021
Buy and hold tight $CTK

Target 1.33 - 1.4 - 1.5

Stop-loss below 1.18
Re: Crypto Currency Investors Thread by yazga: 8:30pm On Aug 04, 2021
Grab today's BusinessDAY today
What if Bitcoin went to zero? Very interesting read
Re: Crypto Currency Investors Thread by sellydion: 9:02pm On Aug 04, 2021
copied:
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Break It Down
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ETH is currently undergoing a major network upgrade which will finally make the asset deflationary, you know how BTC supply is fixed and known well ETH supply has been infinite since its inception. This is the most important upgrade in ETH history which will add significant improvements to the functionality and experience of the network as a whole. Most importantly this upgrade called Ethereum 2.0 will solve its scalability issues.
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2 Likes

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