newIndia (OP)
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January 26, 2015, 08:36:01 AM |
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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 ?  |
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Daedelus
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January 26, 2015, 09:13:10 AM |
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Check your math...  |
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newIndia (OP)
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January 26, 2015, 09:18:50 AM |
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Check your math... 300*100/190 = 157.89% Historically I am good at it  What about yours ?  p.s. I said investment, NOT profit. |
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vrzo
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January 26, 2015, 09:20:18 AM |
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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.
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Daedelus
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January 26, 2015, 09:32:56 AM
Last edit: January 26, 2015, 09:48:09 AM by Daedelus |
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"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.
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RocketSingh
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January 26, 2015, 09:50:54 AM |
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"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. |
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pawel7777
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January 26, 2015, 09:54:50 AM |
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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 |
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Daedelus
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January 26, 2015, 09:55:15 AM |
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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 |
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Appleanimal
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January 26, 2015, 09:55:48 AM |
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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   |
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pawel7777
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January 26, 2015, 10:00:27 AM |
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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. |
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jacktheking
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January 26, 2015, 10:02:50 AM |
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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..  . |
So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.
Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!
Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
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Daedelus
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January 26, 2015, 10:03:42 AM |
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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 The OP made mistake by using word 'made'. He would be correct if he said he now have 158% of invested amount. Ok, I'll go now |
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rosh
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January 26, 2015, 10:45:36 AM |
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50% gain is how it should be represented. 150% is misleading.  |
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sherbyspark
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January 26, 2015, 11:49:02 AM |
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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. |
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Q7
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January 26, 2015, 12:03:20 PM |
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You guys are driving me crazy on the numbers. It's kind of misleading. Theoretically I can only see about 58% return of investment.
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