Hey everybody!
i am totally new with bitcoin trading, and there is something i dont understand
today i took 127.1 USDT and used them to buy bitcoin at 39,479
than sold the bitcoin when it was on 39,525
$46 more, right?
but i only got 126.8 USDT back
what am i missing?
thanks
Your math is way off.
45 USDT would have been the gains for 1 BTC. Since you've bought only 0.003219 BTC, the gain is comparably smaller: 0.148 USDT.
And since the exchange you're using has some fees here and there, fees you didn't care to check, instead of gaining 15 cents you've lost 30 cents.
Quite a cheap math lesson
thanks!
would it be too weird to ask - so how do you make money like that??
is it because i took this particular pair? USDT/BTC?
It's not about the pair, it's about fees and amounts. For such a small amount to play with you will have to wait for much bigger price differences to worth it.
If my math is right if you sell after the Bitcoin price gained 150$ you will not lose; but not gain either. So you have to wait for even bigger (than 150$) price jumps for this kind of trading (scalping). If the jump is 200$, you may earn some 15 cents. Does it worth the hassle? Only if the point is learning.