Who made 150% of their investment in January ?

[newIndia]

Bitcoin was down to 190 USD in January.

Bitcoin is up at 300 USD today.

So, who bought at 190 USD and selling at 300 USD to make 150% of their investment ?

Some guys were ranting Bitcoin is dead. Where are you ?

[Daedelus]

Check your math... 

[newIndia]

Check your math... 

300*100/190 = 157.89%

Historically I am good at it

What about yours ?

p.s. I said investment, NOT profit.

[vrzo]

Why people bother with such small gains when they can be set for lifetime. Play in the meantime but don't forget to save a few dozen BTC for the time when bitcoin MCap is bigger than Apple's.

[Daedelus]

"Who made 150% of their investment.."

Making 150% of an investment of $190 = doubling (you get 100% of the original) + another 50% of the original investment, which /= $300


190 * x = 300

x = 1.58 (this isn't 158%, that would be 2.58)


Whichever way you try to slice it, you can't 'make' 158% of $190 and get $300.

[RocketSingh]

"Who made 150% of their investment.."

Making 150% off an investment of $190 = doubling Original Investment (you get 100% of the original) + another 50% of the original investment, which /= $300 = $285


190 * x = 300

x = 1.58 (this isn't 158%, that would be 2.58)

This is 1.58 times, which is equivalent to 158%

Whichever way you try to slice it, you can't 'make' 158% from $190 and get $300.

Corrected math inside the quote.

[pawel7777]

Check your math... 

300*100/190 = 157.89%

Historically I am good at it

What about yours ?

p.s. I said investment, NOT profit.

If you invested $190 and sold at $300.

300 - 190= 110

110/300 * 100 = ~58% <-- this is what you made on your investment

[Daedelus]

When you put money in a bank and it pays you 1%, in your head do you think "Great, I have made 101%" because you got your original cash back??


  Ok, lol. If that is how you 'make' money, I wish you the best of luck with your investments  

[Appleanimal]

Bitcoin was down to 190 USD in January.

Bitcoin is up at 300 USD today.

So, who bought at 190 USD and selling at 300 USD to make 150% of their investment ?

Some guys were ranting Bitcoin is dead. Where are you ?

me not

 

[pawel7777]

When you put money in a bank and it pays you 1%, in your head do you think "Great, I have made 101%" because you got your original cash back?


  Ok, lol. If that is how you 'make' money, I wish you the best of luck with your investments  

And according to that logic every $1 you keep in your pocket is making 100% every second

The OP made mistake by using word 'made'. He would be correct if he said he now have 158% of invested amount.

[jacktheking]

Hmm.. $190? No. It reached $150 last week. Well.. within a week.. it doubled it value to $300! I'm glad that I did not sold my coin.. However.. the sad thing is.. I did not bought new coin.. .

[Daedelus]

When you put money in a bank and it pays you 1%, in your head do you think "Great, I have made 101%" because you got your original cash back?


  Ok, lol. If that is how you 'make' money, I wish you the best of luck with your investments  

And according to that logic every $1 you keep in your pocket is making 100% every second

The OP made mistake by using word 'made'. He would be correct if he said he now have 158% of invested amount.

We gonna be RICH!!!!!  

Ok, I'll go now

[rosh]

50% gain is how it should be represented.
150% is misleading. 

[sherbyspark]

Bitcoin was down to 190 USD in January.

Bitcoin is up at 300 USD today.

So, who bought at 190 USD and selling at 300 USD to make 150% of their investment ?

Some guys were ranting Bitcoin is dead. Where are you ?

More than people making profits, I think a lot of people took losses when the price was going down.

[Q7]

You guys are driving me crazy on the numbers. It's kind of misleading. Theoretically I can only see about 58% return of investment.